Tuesday, December 31, 2019
Supply Chain Management of Sanofi Aventis - 5271 Words
[pic] Introduction 2 1.1 Broad Objective 2 1.2 Specific Objectives 2 1.3 Scope 2 1.4 Methodology 3 1.5 Limitation 3 VALUES: 4 MISSION OF SUPPLY CHAIN 5 STRCTURE OF THE SUPPLY CHAIN 6 DISTRIBUTION FACILITIES: 9 KEY FIGURES DISTRIBUTION 9 MAPPING OF PRODUCT DISTRIBUTION 10 DISTRIBUTION PROCESS FLOW CHART 11 Definition-Target: 12 Addresses: 12 Target: 12 Field of application: 13 General Rules of Finished Goods Stock Cover: 13 Stock Policy / Product Life: 13 Standard Rules of Finished Products Stocks Cover: 14 Optimized practice of stocks targeting: 16 RAG/VMI products Stocks Cover Target (on hand, available to sale): 16 RAG/VMI Products Stocks Cover Targets: 17 Monitoring Rules-â⬠¦show more contentâ⬠¦| |Performance |The key to future | 9 10 MISSION OF SUPPLY CHAIN Develop the best Service to Customers by managing: ââ" ª With a single teamShow MoreRelatedThe Impacts of Mncs in the Economy of Bangladesh14643 Words à |à 59 PagesAmong them Standard Chartered bank (BD) ltd, British American Tobacco (BAT) Bangladesh ltd. is most renown. BAT came in East Pakistan (now Bangladesh) in1945.Standarad Chartered Bank came in Bangladesh in 1948.Another business conglomerate Aventis (now Sanofi Aventis ) launched in Bangladesh in 1973.so coming of a lot of foreign companies in Bangladesh still going on .Ours have a large population and low cost labor force as well. As a result MNCs are enjoying a smooth pave to come in Bangladesh. As farRead MoreThe Impact of a Crm System on a Pharmaceutical Organisation Essay2854 Words à |à 12 Pages As a result sales strategies must evolve from quantity to quality through targeted messaging. (Hall, 2004) In December 2006, the marketing VP for Sanofi-Aventis stated: ââ¬Å"We are so far behind other industries but the good news is that CRM can change marketing practices.â⬠With the above indications of the importance of Customer Relationship Management (CRM) in mind, I am going to discuss the implementation of a CRM system in a pharmaceutical organisation. Definitions of CRM and CRM systems are wideRead MoreMergers and Acquisitions in the Pharmaceutical Sector Since the Last 10years to Cope with the Mutations of This Sector.7658 Words à |à 31 Pagesanalysis of our training: the pharmaceutical industry. This area seems worthy review because this sector is under-research every year in many countries, for example there are research by Joel Lexchin,à associate professor School of Health Policy and Management, York University, Toronto (à Drugs of Choice: A Formulary for General Practice),à Lisa A Bero,à professor, Department of Clinical Pharmacy and Institute for Health Policy Studies, University of California at San Francisco(Financial Ties and ConflictsRead MorePfizer to Acquire Protalix10020 Words à |à 41 Pagesfor the Pharmaceutical Industry 25 Appendix 4 - Pfizers PEST Analysis 27 Appendix 5 - Level of Competition Between the Acquirers amp; the Uniqueness of the Acquired Company 31 Appendix 6 - Acquisition Motives 33 Appendix 7 - Protalix Management and Board of Directors 35 Appendix 8 - Technology Adoption Lifecycle 36 Appendix 9 - Pfizers SWOT Analysis 36 Appendix 10 - Protalixs Financials 38 Appendix 11 - About the Valuation Methods 40 Appendix 12 - List of Companies andRead MoreEli Lilly in India3134 Words à |à 13 PagesGilbert Eli Lilly in India: Rethinking the Joint Venture Strategy Executive Summary Eli Lilly and Company is a pharmaceutical company, founded in 1876, that integrates many departments and supply-chain management. à The company in itself discovers, develops, manufactures, and sells a broad line of human health and agricultural products (Lilly.com). Eli Lilly had grown to become one of the leading pharmaceutical companies in the United States, andRead MoreGlobal Pharmaceutical Industry Analysis7049 Words à |à 29 PagesSwitzerland 53,324 7,125 11,053 138,000 2 Pfizer USA 48,371 7,599 19,337 122,200 3 Bayer Germany 44,200 1,791 6,450 106,200 4 GlaxoSmithKline United Kingdom 42,813 6,373 10,135 106,000 5 Johnson and Johnson USA 37,020 5,349 7,202 102,695 6 Sanofi-Aventis France 35,645 5,565 5,033 100,735 7 Hoffmannââ¬âLa Roche Switzerland 33,547 5,258 7,318 100,289 8 AstraZeneca UK/Sweden 26,475 3,902 6,063 50,000+ 9 Merck Co. USA 22,636 4,783 4,434 74,372 10 Abbott Laboratories USA 22,476 2,255 1,717Read MoreProblems Facing the Pharmaceutical Industry and Approaches to Ensure Long Term Viability14741 Words à |à 59 PagesExpected Global NCE Launches for 2009 Product Delays and Non-Approvals High Level Breakdown of RD Costs Estimates of RD Costs Generic Sales Projection Through 2012 Healthcare Spending Trends E7 Health Demographics E7 Therapy Classes Portfolio Management Objectives Examples of SIPOC Page 5 6 7 8 9 11 13 14 29 45 vi TABLE OF CONTENTS Page ABSTRACT ACKNOWLEDGEMENTS LIST OF TABLES LIST OF FIGURES CHAPTER 1 2 3 4 5 6 7 8 9 10 Introduction Pharmaceutical Industry Response Interview SummaryRead MoreGsk Marketing Planning4419 Words à |à 18 Pagesmarket share and high market growth rate along with a good cash flow. This puts GSK under ââ¬Å"starâ⬠category in the Boston matrix. GSK has a product portfolio with a significant cash flow position this in turn has spurred on a meaningful gearing by GSK management. This puts the company firmly in a star performing position. With asset consolidation of $23.5bn USD over three years, the company is likely to attain double-digit earnings growth, with mid-digit growth in 2012 impacted by generic competition. Read MoreMergers Acquisitions in Pharma Industry21425 Words à |à 86 PagesIndia GSKââ¬â¢s success in India has been based on several key success factors: Local Strategy within Global Framework Within the guidelines of ethical business and medical practices, GSK Plc has given a fair amount of autonomy to the local management in running the India business. The companyââ¬â¢s country specific strategy, perseverance and willingness to work with the policy makers have contributed greatly to its success in India. In-licensing To augment its portfolio and to counter theRead MoreLOreal - Business Policy and Strategy8843 Words à |à 36 Pagesthis Committee is to ensure that the General Management is provided with information enabling it to identify and manage the economic, financial and legal risks faced by the group both inside and outside France in its routine and exceptional operations. The Management and Remuneration Committee (3 members)This Committee assists, in complete independence, the Chairman and the Board in their review of succession plans for the groups senior management positions. It reviews the composition of the
Monday, December 23, 2019
The Great Gatsby By F. Scott Fitzgerald - 1248 Words
In The Great Gatsby, by F. Scott Fitzgerald, symbolism plays a major role in the continuation of the plot. Symbolism in this novel uncovers emotional backstories of the main characters, shows why the characters make the choices they do, and the difference of the meaning of certain objects in the novel. Although there are many different symbols in The Great Gatsby, the ones that stick out the most are the green light, the eyes of T.J. Eckleburg, and the Valley of Ashes. Each symbol can have many different meanings, depending on what character and what situation in which the symbol is being presented. The green light that is located at the end of Daisy Buchananââ¬â¢s dock, directly across bay from Jay Gatsbyââ¬â¢s house. The green light is firstâ⬠¦show more contentâ⬠¦Another meaning of the symbol, the green light, is at the end of the novel. This scene is when George Wilson shows up at Gatsbyââ¬â¢s house, the day after the death of Myrtle Wilson. George Wilson believed that Gatsby was the one that killed Myrtle by running her over. George Wilson shoots Gatsby, and then shoots himself. Before Gatsby dies and falls into the pool he stares at the green light on the end of the dock. In Jay Gatsbyââ¬â¢s final moments, the green light now represents a future that he will not live to see or experience. He knows he will no longer have a possible future will Daisy, or any future at all. The second major symbol is T.J. Eckleburgââ¬â¢s eyes that are on a billboard located over the Valley of Ashes. The first possible meaning to this symbol is that T.J. Eckleburgââ¬â¢s eyes represent the hollowness to the American Dream. The eyes watch everyone that is going through the Valley of Ashes, in order to get to the city to achieve the American Dream. The idea of the American Dream is one giant lie, most people who think they can live the American Dream are just dreaming. Most people that set out to accomplish the American dream do not succeed. They are le ft with their dreams turning to ashes, while some people actually do succeed, leaving them in weath. The other meaning that T.J. Eckleburgââ¬â¢s eyes could represent is the eyes are actually the eyes
Sunday, December 15, 2019
Describe the Potential Effects of Discrimination Free Essays
string(113) " must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal\." Applied Business Unit 8: Business Planning Task 6 Worksheet Task Six: Financial Planning YOU CANNOT START AND/OR COMPLETE THIS WITHOUT A FINAL SALES FORECAST AND A LIST OF ALL YOUR OPERATIONAL COSTS ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson breakdown ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 1: â⬠¢Introduction to Financial Planning and how do we create an integrated plan: Focus on cash flow forecast using operations plan ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 2+3: Cash flow analysis and develop aims and objectives; ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Introduce ââ¬ËILP-time-offââ¬â¢ work to do ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 4: Cash flow revisions, Problem spotting based on cash flow and develop aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 5: Profit and loss account and Financial Ratio Analysis and developing aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 6: Break Even analysis and then develop aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ⬠âââ¬âââ¬âââ¬â- Lesson 7: Final Amendments to Financial Planning; Problem spotting based on Pamp;L, ratio analysis, break-even and develop plan Task 6 Brief Overview * In this section, you are going to produce financial documents for your business proposal. You will need to use the sales forecasts and operations plan that you produced earlier. This section is important as you are attracting investment and assessing the viability of your plan * Calculate, analyse and evaluate the following; Use these subheadings in your report * Size and duration of budget * Start-up costs Running costs * Cash flow forecast * Break even analysis * Financial ratios * Profit and loss * Analyse all your financial documents showing detailed consideration for the Aims and Objectives: * Are they achieved? * If not what are the possible problems this can cause your business? * Can you think of any solutions to help you to overcome these problems so that you could achieve your aims? SUBMISSION OF TASK 6 The following is to b e submitted as a Word document Use the following headings for your submission of your Financial Plan 1st submission. We will write a custom essay sample on Describe the Potential Effects of Discrimination or any similar topic only for you Order Now Copy and paste these into your final document: Submit all work on moodle for deadline 3rd December 2010 (4:15PM) 1. Financial Planning (main heading) 2. Cash Flow Forecasting Table (MB4 students need to submit 2 (+? )CFF Tables) a. Cash Flow Forecasting analysis (of each CFF produced) 3. Profit and Loss statement and Financial Ratios Table (MB4 students need to submit 2 (+? )Pamp;L and F/R Tables) b. Profit and Loss statement and Financial Ratios analysis (of each Pamp;L and F/R produced) 4. Breakeven Table (MB4 students need to submit 2 (+? )Breakeven Tables) . Breakeven analysis (of each Breakeven produced) TASK 6 FINANCIAL PLANNING CONTENT/ASSESSMENT CHECKLIST CRITERIA CASH FLOW FORECASTING| 1. Start-up budget: | a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph)| b) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. You read "Describe the Potential Effects of Discrimination" in category "Papers" | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 2. Running costs: | a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph)| b) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 3. 12 monthly Cash Forecast: 1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 4. MB4 12 Monthly Cash Forecast: 2: A working example of your solutions to your identified problems in CFF1| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | PROFIT AND LOSS ACCOUNT| 5. Profit and Loss Account 1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the ims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 6. MB4 Profit and Loss Account 2: A worked example of your solutions to your identified problems in Pamp;L1| b) Analysis needs to consider:| VI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | VII. Research used to underpin and develop aims and objectives/ownership/key personnel| VIII. Research used to underpin and develop business idea| IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| X. What changes to your original idea/USP/aims do you have to consider in light of this new data? | FINANCIAL RATIOS| 7. Financial Ratios: Gross and Net Profit for Pamp;L account 1| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 8. MB4 Financial Ratios: Gross and Net Profit for Pamp;L account 2| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | BREAKEVEN| 9. Breakeven table and calculation:1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 10. MB4 Breakeven table and calculation:2: A working example of your solutions to your identified problems| b) Analysis needs to consider:| VI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | VII. Research used to underpin and develop aims and objectives/ownership/key personnel| VIII. Research used to underpin and develop business idea| IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| X. What changes to your original idea/USP/aims do you have to consider in light of this new data? | TASK 6 ASSESSMENT GUIDE: HOW TO ACHIEVE THE BEST RESULTS? * You are assessed in Task 6 for BOTH AO2 and AO3 marks AO2 is marked out of 22 marks and all learners should be aiming for a minimum of MB4 which is 17/22 marks * AO3 is marked out of 14 and at this stage all learners should be aiming for a minimum of MB4 which is 11-14 marks. * We will award high marks for those learners who can: * Purposefully select data from a wide range of sources, * Analyse the problem and possible solutions * Develop their plan based upon res earch. * Give an in-depth explanation of how the marketing plan could achieve the aims and objectives of the business proposal. AO2 ASSESSMENT OBJECTIVES MB1| MB2| MB3| MB4| 2 3 4 5| 6 7 8 9 10| 11 12 13 14 15 16| 17 18 19 20 21 22| A business plan which includes aspects of the marketing plan. A description of how this supports the aims and objectives of the business proposal. | A business plan which contains the marketingPlan. A basic explanation of how this contributes to achieving the aims and objectives of the business proposal. | A business plan which contains a developed marketing plan. An explanation of how this could achieve the aims and objectives of the business proposal. | A business plan which contains comprehensive marketing plan. An in-depth explanation of how this could achieve the aims and objectives of the business proposal. | * Aspects of the components are produced * Superficial coverage of aims and objective| * The components are complete * Aims and objectives are broadly considered| * The components are complete and developed * Beginning to target particular aims and objectives, but lacks precision| * The components are complete, developed and address the key parts of the problem * Targeting particular aims and objectives with precision| AO3 ASSESSMENT OBJECTIVES MB1| MB2| MB3| MB4| 2 3| 4 5 6| 7 8 9 10| 11 12 13 14| Collects some up-to-date data from a limited range of sources. Uses numerical and/or non-numerical techniqueson the collected data to provide a partial analysisof the requirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to identify some relevant elements of the business plan. | Selects some up-to-date data from a limited range of sources. Uses numerical and/or non-numerical techniques on selected data to provide a partial analysis of therequirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to outline a relevant business plan. | Selects relevant and up-to-date data from a range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to provide a partial analysisof the requirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to develop a relevant business plan, which considers the aims and objectives, form of ownership and key personnel required. Selects relevant and up-to-date data from a wide range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to analyse the requirementsof:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to develop a consistentand integrated business plan, showing detailedconsideration of the aims and objectives, form of ownership and key personnel required. | MB1| MB2| MB3| MB4| 1 2 3| 4 5 6| 7 8 9 10| 11 12 13 1 4| Collects data from a limited range of sourcesProcesses dataIdentifies some elements of the plans components| Selects data from a limited range of sourcesProcesses selected dataOutlines components of the plan| Purposefully selects dataAnalyses key parts of the problem or practical solutionsDevelops components of the plan| Purposeful selects data from a wide range of sourcesAnalyses key parts of the problem AND practical solutionsDevelops integrated components of the plan| Follow the below detailed overview of each task for advice and help on how to achieve MB4 for Task 6 Task 6 MB4 Detailed Overview CASH FLOW FORECAST, ANALYSIS AND DEVELOPMENT Lesson 1: Task 1 1. Download cash flow forecast from moodle 2. Complete pre start up budget (SEE CASE STUDY!! ) 3. Complete pre start-up costs calculated from T5 4. Insert monthly sales figures from final sales forecast 5. Insert monthly fixed costs calculated from T5 6. Insert monthly variable costs from T5 Lesson 2+3: Task 2 Analysis * All marks gained with this task is from your analysis of your financial data; not from your reports themselves. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Identify problems and solutions with your plan (develop it) and also how your aims and objectives can/canââ¬â¢t be achieved Learners can achieve MB4 in A02/A03 by following the Financial Planning Assessment Objectives which requires them to identify problem areas and developing practical solutions to consider alternative perspectives. What you will need to include will depend on your individual business proposal. You need to identify areas of weakness such as high fixed costs, start up costs? * Perhaps you need a cash injection by selling equity to help you pay for start up costs? It could be you source alternative suppliers for your variable costs or project that you will pay 30 days later which is to improve your working capital. * What is happening to the figures in the net cash flow cells, are you losing money each week? * This is a cash flow negative situation. * Or are you cash flow positive? * How long before you are cash flow positive? * Why is this so long? Lesson 3+4: Ta sk 3 MB4- Revised cash flow forecast * MB4- You need to produce a refined Cash Flow forecast based upon the analysis of the key issues identified in T6 task 2. This is to include the developments you have made. Label this Cash Flow Forecast 2. * You need to analyse CFF2: * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/Why? PROFIT AND LOSS and FINANCIAL RATIOS Lesson 4: Task 1 1. Download Profit and loss template from moodle 2. Insert sales for year 1 from your final sales forecast 3. What is the total cost of these sales? How much were the total variable costs related to the output. These are costs such as ingredients, packaging or price of the club. Put this figure in Direct costs/cost of materials sold 4. Calculate A-B to = C which is the identification of Gross Profit 5. Insert all other costs for the year in the respective headings, adding headings where needed. 6. Add up all your total overheads and insert this figure in D 7. Calculate C-D to identify Net Profit or Loss Figure 8. Calculate your Gross Profit MB4- Task 1 b Revised PROFIT AND LOSS and FINANCIAL RATIOS You must now repeat this action again for the second cash flow forecast figures * You need to analyse Pamp;L2 AND F/R2: * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/Why? Task 2= Financial Ratios Overview Profitability ratios are a key source of information for both investors and business planners. They provide a clear image of the business both in terms of your costs and profit. A strong ratio can be the difference between investment and failure. Task A 1. Use the figures in your first profit and loss account to calculate Gross Profit Ratio. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Gross Profit margin: ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A measurement of how much profit the business has made on its buying and selling activities. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â How good a business is at trading. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ â¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Gross Profit margin= Gross Profit/turnover (Sales Revenue) X 100 (%) ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- The higher the % the better, e. g. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A GPM of 45% means that for every ? 1 of sales, the firm makes 45p in gross profit 2. Use the figures in your first profit and loss account to calculate Net Profit Ratio. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Net Profit margin: ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â It is a measure of how much overall profit the business has made after taking into account all relevant costs that have been incurred. à ¢â¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Net profit margin= net profit/turnover (sales revenue) X 100 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- The higher the % the better, e. g. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A NPM of 45% means that for every ? 1 of sales, the firm makes 45p in pure profit Task B MB4 Complete for 2nd profit and loss account if constructed CFF2 Task 3= Analysis You must now undertake a critical analysis of each profit and loss account with clear reference and commentary related to the key issues such as profit or loss, gross profit, overhead costs, GPM, NPM etc * Clearly relate back to the businesses achievement of its aims and objectives (explain HOW AND WHY THEY ARE ACHIEVED), developing or rev ising your aims where necessary in your business plan. * Make clear reference to the FIGURES from your profit or loss, gross profit, overhead costs etc * You must undertake a critical analysis of each financial ratio * Identify and problems and/or solutions: Are you profitable? If soâ⬠¦ by how much? * Can you grow? * Which costs are too high? * How can you improve your profitability? * What are the possible knock-on effects of these solutions for your businessgt; * Which costs could be reduced? If so what would the possible impact of this be on your business idea? * Which costs cannot be reduced further? Why? What problems does this bring up? * How does a cash injection help or hinder the financial ratios/Pamp;L? BREAK EVEN Task 1 1. Download the Breakeven table from Moodle 2. Input into the table your Annual Revenue (TR), annual FC and VC (with total FC and VC), and total costs. 3. You must then divide the total variable costs by the number of units you are selling in a year ( units can be the bottles/ no of clubbers you expect/ etc in a year) 4. This will give you the variable cost /unit 5. You must now calculate the break even OUTPUT point using the formula: 6. MB4 Calculate Break Even 2 from your revised financial documents 7. All marks gained with this task is from your analysis of your financial data; not from your reports themselves. Identify problems and solutions with your plan (develop it) and also if your aims and objectives can/cant be achieved * Do you break even? * If so at what output? * Work out from your sales forecast when you will reach this breakeven output level * What aims can be achieved? How? Why? * If you donââ¬â¢t breakeven; why not? * You need to identify areas of weakness such as high fixed costs, start up costs, raw material s, low selling price? * What aims cant be achieved? How? Why? * What could you do to solve this breakeven problem? (hint: see changing B/E variables section) 8. MB4 analyse the effect of changing variables (FC, VC and/or Price) on the break even figure. * Calculate the effect of changing variables (FC, VC and/or Price) on the break even figure: * Analyse these break even scenarios and link to your aims and objectives. * What is the effect on breakeven level? * What are the potential problems you have identified with your break even? * Are there any solutions you can recommend to the business? * Such as reducing selling price? * Increasing selling price? * Increase advertising to increase sales? Reducing fixed or variable costs further? etc How to cite Describe the Potential Effects of Discrimination, Papers
Saturday, December 7, 2019
Collective Critical Practice Developmental Approaches
Question: Discuss about theCollective Critical Practicefor Developmental Approaches. Answer: A Case Study Exploring the Challenges Faced by Individuals Living with Disability in the Australian Employment Sector There are high cases of discrimination against the people with disability in the Australian employment sector. Such people are not given equal opportunities to perform in the employment sector like their non-disabled counterparts. Most employers consider people with disability as not being able to perform to the same level as those who are not disabled. As a result, these people are excluded from the mainstream employment sector in Australia and denied access to employment opportunities which are open to their counterparts who are not disabled (Winn Hay, 2009, pp.103-115). On the other hand, the few who get lucky to be absorbed in the mainstream employment sector are faced with a myriad of challenges and obstacles that hinder them from performing to equal standards with those who are not disabled. They experience challenges from bosses as well as their colleagues such as stigma, discrimination, stereotypes as well as prejudices. Environmental, social, attitudinal as well as organizational barriers are some of the reasons that hinder full participation of the people living with disability in Australia in the mainstream employment sector. As a result, the employment agencies instead of stereotyping and prejudicing disabled persons on the basis of their level of impairment should focus on coming up with the best mechanisms that will address the challenges faced by the disabled persons in the employment sector and enable them compete on equal footing with their non -disabled counterparts (Shier, et al. 2009, pp.. 63-75). Some of the barriers that may hinder effective performance of persons living with disability and which needs to be addressed by the government as well as other employment agencies to enable the disabled persons compete favourable include; mobility issues as well as the general inability to carry out activities depending on the level of disability. Nonetheless, judging the capability of an indivi dual to perform in the employment sector based on their disability status is baseless and barbaric. Studies show that given equal opportunity, the disabled persons are able to perform in the employment sector to the same level or even better than their non -disabled counterparts. These individuals are only disabled and not unable. They are able to perform in the workplace and contribute significantly to the nations economic development, social capital as well as contribute positively to the overall development of the wider society (Bigby, 2008, pp.76-86). This is a report of a case study conducted among the disabled community of Australia to establish the challenges they face within the nations employment sector, the structural theories that shape the participation of the persons living with disabilities in the Australian employment sector, the inequalities that are inherent within the Australian community and the impact of these inequalities to the disabled persons as they participate in the employment sector as well as how these inequalities links with the global world (Dowse, 20 09, pp.571-584). The report also explores the principles and values of community development that apply to the disabled persons and their experiences in the Australian employment sector. Contrary to the believe by many that people living with disability are supposed to be confined at the roadside begging for help, these people are able and willing to work if given the opportunity in an attempt to achieve financial stability as well as to positively contribute to the economic development of their communities and society. In order to enable people with disability to achieve social inclusion, they should be fully allowed and given equal opportunity to participate in the employment sector of the nation without any form of discrimination, prejudice, stereotype or exclusion (Darcy Taylor, 2009, pp.419-441). This will not only contribute to their financial sustainability but also contribute to their physical as well as mental health thus make them have a sense of self-worth and personal well-being. To demonstrate the significance of work to the persons living with disability, Geisen (2011) maintain that engaging individuals in work ends up impacting positively to their well-being, personal health, level of identity as well as social inclusion. Hence, denying the disabled persons a chance to work does not only deny them a chance to contribute to the development of the society and their personal development but also impacts negatively to their health and well-being. Moreover, enabling the disabled persons to work will reduce over dependence on aide through organizations such as the Disabled Support Pension of Australia (DSP) as well as help the government of Australia address the rampant problem of labour shortage witnessed in the country (Forlin, 2006, pp.265-277). Furthermore, involvement of the disabled persons in the employment sector will help promote principles and values of community development such as independence, self -determination, social justice and equity and commu nity ownership as well as reduce overdependence on welfare benefits. One way through which the government of Australia can help persons living with disability have equal access to employment opportunities as their non-disabled counterparts is through education. Low education level among the disabled persons is a major contributing factor to the high levels of unemployment among the disabled people not only in Australia but across the globe. Most families view disabled children as a burden and therefore do not take them to school. As a result, there is a high illiteracy level among disabled persons across the world (Hall Wilton, 2011, pp.867-880). This makes it hard for the members of this group to compete favourably in the labour market with their non-disabled counterparts. Education will not only make the disabled persons gain access to employment but will also enable this group of persons acquire and access the principles and values of community development such as inclusivity, social justice and equity, enhanced natural capabilities and networks, community ownership as well as community self- determination. Having adequate education will help convince and appeal to employers within the Australian employment sector who hold misconceptions that employing a disabled person could slow the production rate of their businesses (Crowe, et al. 2006, pp.1497-1500). Furthermore, giving a disabled person the necessary adequate education will help change the attitude of employers who hold the belief that employing a disabled person comes with risks such as recruitment and maintenance costs. Research among employment agencies discovered that there are quite a number of employers willing to employ persons with disabilities. However, these employers fear that lack of confidence among the disabled persons in the knowledge they possess and the necessary competency to fulfil tasks could affect the performance of these people at the work place. Such employers lack trust in the skills that the disabled persons have and as a result fail to look at the benefits which such persons can bring to the organization rather than the disadvantages. Moreover, concerns over lack of disclosure among the disabled persons for a disability is one of the reasons affecting such people being recognized at the work place and given the necessary support to enable them perform (Humpage, 2007, 215-231). Most members of the disabled group fear disclosing their disability status due to the fear of being stigmatized and alienated from the mainstream employment sector. Power and Inequalities in the Socio-Political-Cultural Structures and its Effects to Disabled Persons and their Experiences in the Employment Sector Due to a long history of discrimination that stems from the family level, most disabled persons in Australia lack access to education. There are inequalities in the education of the disabled and the non-disabled due to structural discriminatory policies and practices. As a result, most disabled persons live in poverty and in slums with overcrowded housing facilities where they are surrounded by various levels of crime and where some live with malnutrition while others are left wondering on the streets of cities such as Melbourne as beggars. As a result of the living conditions of these persons, abolishing structural discriminatory policies and practices will be of little assistance to them as pertains to their involvement in the employment sector. Many will still be found unfit to hold positions in the formal employment due to a lack of education. At the same time, since they live in slums with poor infrastructural facilities, many will find it hard to access places of work (Meekosha Dowse, 2007, pp. 169-183). Moreover, structural discriminations that manifests in the social and political systems promote inequalities in the employment experiences between persons living with disabilities and their counterparts who are non-disabled. Disabled persons are subjected to discrimination in the systems such as justice, education, health as well as in the public service. Most of these systems are concerned with profit maximization rather than service to humanity. As a result, disabled persons who live in poverty are denied access to these basic systems due to a general of financial power to allow them access. As a result many end up suffering and even dying due to the lack of access to basic amenities such as health (Killackey, et al, 2006, pp.951-962). To address these issues wholesomely, strategies and solutions which promote ownership of the solutions that address their challenges should be adopted. The government of Australia in an attempt to address the experiences of persons living with disabilities in the mainstream employment sector has come with strategies that ensure employment support for disabled persons. The government has come up with initiatives of funding various agencies and networks that support people living with disabilities in the employment sector. Some of these agencies include; Disability Employment Services (DES) and the 2016 Women With Disabilities Australia (WWDA). In an attempt to empower persons living with disabilities, the government has come up with the National Disability Insurance Scheme, to offer financial assistance to persons with disability and enable them set up businesses hence save them the hustle of going out looking for jobs (Grady Ohlin, 2009, pp.161-169). Furthermore, community development organizations under the umbrella of the United Nations Convention on the Rights of Persons with Disabilities has also come in handy with various initiatives aimed towards addressing the inequalities in the employment experiences between the disabled persons and the non-disabled persons. The processes employed in improving the experiences of persons living with disabilities in Australia in the mainstream employment sector and the outcomes registered can be considered as effective practice. The number of disabled persons employed in the mainstream employment sector has grown (Patterson Pegg, 2009, pp.387-402). Moreover, the living conditions of disabled persons has tremendously improved since they have access to sources of income through the mainstream employment sector as well as through businesses set up using the various grants from the government as well as from other community development agencies. Furthermore, due to public sensitization, the s tereotypes and prejudices against disabled persons in the employment sector has reduced to a great extent. Nonetheless, the developmental community work theory adopted by the government as well as by the various community development agencies to address the experiences of the persons living with disabilities in the mainstream employment sector has limits that have made them not to fully address the issues facing disabled persons in the mainstream employment sector. The development theory of stratifying persons as disabled and non-disabled and giving special treatment in the employment sector to one group could not fully address the employment problem among the disabled persons (George, et al, 2008, 165-176). A part from the negative experiences faced by persons living with disabilities in the employment sector in Australia due to prejudices and stereotypes that lead to discrimination, it is worthwhile to note that some of the employment experiences faced by these persons are self- instigated. As a result, other social theories such as the Transpersonal theories of human development could be used to address the employment problem among persons living with disabilities (Townsend-White, et al. 2012, pp.270-284). This theory that puts emphasis in making an individual to view themselves beyond identity roots in their bodies could help the disabled persons rise beyond self- pity and compete for employment opportunities favourably with other members of society. In conclusion, persons living with disabilities just like any other person have the capability to compete favourably in the mainstream employment sector if given the necessary support. Community development practices towards helping persons living with disabilities should be implemented to reduce the stereotypes and prejudices against this group of persons and to allow them contribute positively to the development of the society. Bibliography Bigby, C., 2008. Beset by obstacles: A review of Australian policy development to support ageing in place for people with intellectual disability. Journal of Intellectual and Developmental Disability, 33(1), pp.76-86. Crowe, T.P., Deane, F.P., Oades, L.G., Caputi, P. and Morland, K.G., 2006. 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