The Common Stereotype Of Is Hard Working Germans And The...

The common stereotype of is hard working Germans and the laid back TV watching Americans is not true. From experiences that Americans are generally much more hard working than Germans. For example, it is not uncommon to meet people who work two 40-hours-a-week jobs, or who work full time while also taking a full-time course load at a college. Both are completely non-existent in Germany (there are rules against working too much, intended to protect workers; two full-time jobs are not allowed). Many Germans work only 35 hours a week, others 37.5, all take long vacations, and I estimate that over the whole year, the average German with a job works about two thirds the hours of the average working American. In the US, it is quite common that people who are not paid by the hour work much longer than the 40 hours per week that they are obliged to. Even though many large and successful employers liberally lay off workers to increase profits and appease Wall Street, employees in the US exhibit a rather strange loyalty to their employers. They often own stock of the very company they work for and really want their company to succeed, almost like a team sport. In Germany, where it is taboo for a successful company to lay off workers, many workers are still not very loyal to their employer: basically, the boss is the enemy who forces you to come to work every day. Even in their time off, Americans often volunteer for charities or at schools, join their children at sports games, orShow MoreRelatedThe American Culture : Key Values10736 Words   |  43 PagesThe American Culture Some Key Values †¢ Individuality †¢ Results orientation †¢ Pragmatism †¢ Direct communication style Greetings and Goodbyes For most Americans a smile and verbal greeting are appropriate. In a business context, however, a firm handshake is used. 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Essay about The Theme of Revenge Throughout Odyssey

Revenge is a reoccurring theme throughout the Odyssey. Nearly every motivation for conflict within the Odyssey is because one of the characters is craving revenge. The three main areas of revenge in the first twelve books are as follows. Initially, Zeus prevents Odysseus and his men from returning home. Poseidon also continually chastises Odysseus throughout the entire story. Finally, the key account of revenge the reader sees in the story is from Telemachus in that he feels the need to make the suitors compensate for their impudence to his house as well as his mother. Therefore, each of the characters in the story is put through many hardships which pushes them to seek revenge. However, the major reason why Odysseus and his men are put†¦show more content†¦Fortunately for Odysseus, he had Athena on his side. She pleaded with her father, Zeus, to allow Odysseus to go home and reunite with his family. At this point Zeus finally chose to help Odysseus reach home. Regrettably, Zeus was not the only one holding Odysseus back. In addition to Zeus, Poseidon held Odysseus at fault for blinding his son, the Cyclops. Although, Odysseus and his men had to fight off the Cyclops to survive Poseidon still blamed Odysseus for faulting his son after the fact. When Odysseus and his men arrived they found a monster’s cave which they entered and were unable to locate the host. They observed his cave and found many types of cheeses which they indulged themselves in. When the Cyclops returned, â€Å"he hoisted overhead a tremendous, massive slab—no twenty-two wagons, rugged and four-wheeled, could budge that boulder off the ground.† (Homer, 362). The Cyclops, feeling no conscious, ate many of Odysseus’ men. Finally, Odysseus decided to take action. He realized they needed the Cyclops to move the door, but needed to stay alive as well. After Odysseus and his men made the Cyclops very inebriated, they heated a stake and thrust it into the Cyclops eye. After the Cyclops had been blinded the men hid under his sheep as they wandered out into the pasture. At this point on the island, Odysseus had been very smart and told the Cyclops his name was Nobody.Show MoreRelatedThe Odyssey as a Classic Essay655 Words   |  3 PagesThe Odyssey Essay Classic literature often provides insight to an ancient society, their values, and their beliefs. Many books that are considered classics today focus on ancient Rome and Greece. Revenge, hubris, and other themes, and the relation of this book to modern life, classifies the poem The Odyssey by Homer, translated by Fitzgerald, as a classic. For this reason, it is still read today. Classic themes of The Odyssey are a reason that it is a timeless tale. The concept of revenge isRead MoreEric Moore. Mr. Howell. World Literature Final Draft .1742 Words   |  7 PagesEric Moore Mr. Howell World Literature Final Draft 30 March 2017 Themes and Symbolism in The Odyssey In each story, the themes and symbols in them can bring a diverse look on the way the story is interpreted and told. The Odyssey was written by the poet Homer dating all the back to the 8th century. In the Greek epic poem, Homer tells the story of the main character Odysseus’ journey home from the Trojan War. Many themes relating to the human condition are prevalent in the various adventures facedRead MoreEssay on Revenge in the Odyssey733 Words   |  3 PagesThe Greeks, as portrayed by Homer, are a very vengeful people. Throughout The Odyssey, a theme of vengeance is dominant. These displays of retribution come from different entities for fairly different reasons. So why is revenge such a factor in The Odyssey? Fear and the overwhelming feeling of payback are two answers. Homer gives numerous examples of how certain characters demonstrate their power in a fury of rage. He writes of the payback Zeus gives to those who break the rules, of Poseidon#8217;sRead MoreReve nge1786 Words   |  8 PagesThroughout history, revenge, or vengeance, has been altered by several cultures and even the American culture. This is shown throughout many ancient greek epics. Throughout these two epics, what is just revenge and what the action of revenge is are much different than what Revenge is seen through today’s society. Revenge is the main theme in The Iliad, with Achilles’ revenge on Agamemnon and Hector, and in The Odyssey, with Poseidon’s revenge on Odysseus and Odysseus’s revenge on the Suitors, andRead MoreWhat Determines When A Boy Becomes A Man?1296 Words   |  6 Pagesspot in the infinite stack of unanswered questions throughout history. During The Odyssey the reader can experience the theories of Homer’s ideas on how to become a man. Throughout the epic, Homer establishes a clear hypothesis of this transition directly with the character of Telemachus, a feeble child that eventually surprises many. With the help of the goddess Athena, Homer connects the theme of becoming a man with Telemachus’ actions. In The Odyssey, the sub-story of Telemachus’ guided actions towardsRead MoreOdysseus And His Struggle For Honour, And Reputation1494 Words   |  6 PagesOdysseus and his struggle for Honour, and Reputation Homer in one of his epic poems â€Å"The Odyssey,† depicts violence as being a major part of it; and has made it very obvious that violence interests people. Although today violence is considered unpleasant, it was once considered honourable and barbaric in the Greek world, when it came to saving the pride and reputation of ones family and members. In the Odyssey, violence is used to describe Odysseus’ adventure; how he ultimately uses violence to getRead MoreEssay on Vengence In the Odyssey637 Words   |  3 PagesVengance in the Odyssey   Ã‚  Ã‚  Ã‚  Ã‚  Vengeance is the main theme in the Odyssey, it is what all the conflict in the story is for every conflict in the story is caused because of each characters thirst for vengance. The three characters that show this most greatly are as follows. Poseidon through his constant punishment of Odysseus throughout the story. Secondly Telemachus need to make the suitors pay for disrespecting his house as well as his mother and the lack of his ability to becomeRead More Odysseus’ Search for Purpose in Homers Odyssey Essay1419 Words   |  6 PagesOdysseus’ Search for Purpose in The Odyssey   Ã‚  Ã‚  Ã‚   As a wayfarer in life, The Odyssey focuses on life’s greater purpose through the fulfillment of destiny, perseverance, and loyalty. These three themes recur continuously throughout Odysseus’ journey, molding life’s greater vision. Odysseus comes to understand his purpose in life by remaining true to these major themes as he faces and conquers each obstacle in his journey. The overarching theme of The Odyssey is the belief that man cannot escapeRead MoreIn What Ways Is the Telemachy Important to the Odyssey as a Whole1553 Words   |  7 PagesIn what ways is the Telemachy important to the Odyssey as a whole? What would the poem lose if these first four books were removed? Homer’s the Odyssey is the epic tale of Odysseus’ return home from the battle of Troy, yet we do not truly get to the hero in action until after we are drawn through the story of his son life in the absence of his father in Ithaka. In the first four books, we see how Telemachos, Odysseus’ son, matures and through his eyes Homer shows us the unrest and troubles ofRead MoreThe Role of Woman in The Odyssey1240 Words   |  5 PagesAlthough â€Å"The Odyssey† by the Greek poet Homer is very much an epic tale of a man’s heroic quest, women play an incredibly large role. Homer’s epic tale, â€Å"The Odyssey† revolves around Ulysses’ quest to return back to his wife, Penelope, so that he may be reunited with her and assume control over his palace, which has been overrun by suitors. Ulysses’ son, Telemachus attempts to regain authority in the presence of the many suitors but finds this difficult and embarks upon his own journe y under the

The Potential of Technological Change

Question: Evaluate the potential of technological change on the energy retailing industry in the next decade. Answer: Introduction Working capital is one of the most important aspects of any business organization as it determines the capacity of the organization. It provides financial helps in accomplishing the necessary activities in order carry out the business. Therefore, it is necessary to manage the working capital of a business organization effectively so that the optimum utilizations of the working capital can be possible (Berk and DeMarzo, 2007). Research background As the importance of the working capital is increased among the business organizations, the successful management of working capital is essential for the business organization. As the useful management of the working capital enable the business organizations to achieve maximum utilization from the working capital of the business organization (Choi, 2003). In this particular context, the entire business organizations provide great emphasis on developing effectual strategies to manage the working capital of the organization in most useful manners. The working capital is a link between the organizations short term asset and short term liabilities it help in making vital corporate finance decision of the organization. The business organization use to chalk out efficient plans for effective use of the working capital of that organization (Demski et al., 2007). As it help in improving the productivity of the organization as well as the profitability of the organizations is also improved. T he research is on the impact of the management of working capital on firm profitability in the UK food producers industry. Aim and objectives of the research Aim of the research The sole aim of the research is to examine the impact of working capital management on firm profitability in the UK food producers industry. With the help of this research the impact of the working capital management on the profitability of the UK based food manufacturing firms (Doupnik and Perera, 2007). Objectives of the research In order to achieve the aim of the research study, the researcher has taken some certain objectives, which are as follows: To determine the impact of debtors management on firms performance in the UK food producers industry To assess the relationship between creditors management on firms profitability in the UK food producers industry To analyse the effects of inventory management on the profitability of firms in the UK food producers industry Rationale of the research The main reason to conduct this particular research is to find out the impact of the working capital management on the performance as well as profitability of the business organizations of UK so that the organization of the food industry in UK can be able to formulate effective strategies to improve the usability of the working capital so that the profitability of the business organization can be improved (Elliott and Elliott, 2008). The research study is conducted to examine the influence of debtors management on the performance of the firm in the food manufacturers of UK. Beside this, it will assess the relationship between creditors management of the profitability of the business organization as well to evaluate the effects of inventory management on the profitability of the firm. Scope and Limitation of the research The research project has huge scope as it can provide the definite reasons to emphasis on the working capital management of the food manufacturing industry of UK. Moreover, the paper will provide adequate knowledge about the working capital of an organization means the fund that require by the business organization in order to carry out its day to day activities and its proper management is very important (Fifield and Power, 2011). The limitation of the research study is deficiency in the data collection. The researcher cannot be successful as he cannot achieve adequate data that make the research most realistic project outline The research project follow a simple outline in order to conduct the research project, it has first chapter introduction, second chapter literature review and the third chapter research methodology in this three step the project outline has been made and may go to the desired direction (Godfrey, 2010). Literature Review Introduction Financial system of the company is considered to be one of the major critical framework which help to determine and forecast the future prediction related to the overall creation of the wealth which help the company to determine and analyze the future prediction related to the company growth in terms of the profitability by utilizing minimum resource (Helbk, Lindest and McLellan, 2010). Working capital is considered as one of the most significant tool for profitability and growth of an organization. It imposes vital impact on the day to day operations of an organization. The working capital management imposes significant impact on the profitability on the food producer industry in UK. It is one of the most important aspects of the financial management of the firm. The main topics that should be focused are to manage returns and long term investment. Working capital management affects directly the liquidity and profitability of the firms in the food producer industry. An efficient wor king capital management has to be managed in such a way that it eliminates the risk of default payment of the short term obligations and minimizes the alteration of the excessive levels of the working capital. Working Capital Management It has been observed that finance managers spend lot of time to solve day to day issues which includes working capital decisions. The working capital is the amount of cash required to operate day to day operations of the business. According to the research working capital management imposes vital impact on the profitability of the firm. It is the cash required to meet the unplanned and expected expenditures. Therefore, the financial structure of a company depends on how well the decisions of capital have been taken. It is necessary to increase profitability and making easier for the business to attract investors and get loans. The working should be managed efficiently as because the day to day operations of an organization depends on it. The aim of the working capital is to balance current liabilities and assets (Holton, 2012). The current assets are referred to as the short term investment that can be easily converted in other types of assets. On the other hand current liabilities a re the amount of money which is important for the company to pay off on a timely basis. The working capital management ensures sufficient flow of cash in the business. According to (Hillier, 2010), working capital management is significant for the companies in the food sector industry in UK. The flow of cash will help the firms to pay off the obligations on time and keeping away from the bankruptcy. The firms would be able to take higher risk with an efficient management of working decisions. Working capital management is important in order to achieve both profitability and liquidity of the company. An inefficient and poor management of working capital leads to tying up the funds in the idle assets and diminishes profitability and liquidity of the company. Working capital management includes planning and controlling current liabilities and current assets in such a manner that it reduces the risk of inability to meet the short term obligations and avoiding excessive investment in the assets. The components of the working capital should be appropriately managed and it creates shareholders value. The maximization of profit is important but maintaining liquidity is also very much important. The main activities of the companies in the food sector industry that leads to short term finances and working capital investment are selling or producing and purchasing. An appropriate decision making on the working capital management will help to determine the flexibility and cost with which the business functions could be performed. In short, firms should analyze their current liabilities and assets regularly to manage their working capital (Libby, Libby and Short, 2007). The management of working capital enables the firms in the food sector industry in UK to face emergencies and challenges caused by competitors activities and market changes. The flow of cash is considered as an asset to the success and growth of an organization. The working capital management is considered as one of the most significant aspects to the firms in the food producing industry in UK. The invested amount in the working capital is basically in the proportion to total assets of the firm and it is strongly recommended to utilize the working capital in an efficient way. Therefore, according to (Moles, 2011) a company may generate a good profit amount but if it does not transforms the profit into cash from the operations within the similar operating cycle then the company would depend automatically on external borrowing to meet the working capital requirement. The objective of liquidity and profitability should be synchronized in order to meet the objectives in long run. The investments carried on by a company on its assets are certain because it ensures fast delivery of products and services to final consumers. If the inputs into the business are blocked at different stages of supply chain then it will lead increase in the length of th e cash operating cycle. The factors affects in different ways such as increase in profits due to sales increase or affects the profitability if the expenditures ties up in the working capital to beat the benefits of holding more inventory and granting more trade credits to the customers (Ross, Westerfield and Jaffe, 2005). It has been examined trends in the working capital management and impact on the performance of the company in the food producing industry in UK. A well implemented and structured working capital management adds value to the firm. The research also focus high investment in receivables and inventories is associated with low profits. The working capital management increases the flow of cash that lead to growth and shareholders return (Spiceland, Sepe and Nelson, 2011). Many researchers contributed describe the relationship between profitability and capital management that affects profitability positively. The maintenance of inventory and credit terms will result in higher sales. The management of working capital depends on how well the short term liabilities and assets are managed that provides balance between to meet the short term debts and exploring unnecessary holding in the assets. Debtor management The management of debtors is the key aspect of the working capital management. The main objective of the accounts receivable is to determine the optimum trade credit level to offer to customers and managing that credit. The debtor management imposes vital impact on the profitability of the firms. According to the (Stittle and Wearing, 2008) the credit amount represents the balance between two significant factors increase in sales from allowing credit and credit cost allowed. Each and every firm would opt to sell their products on cash basis but the reality is different where firms are forced to sell on credit due to the factors like marketing conditions and trade credit policies. It has been concluded that sale of the company increases when it offers liberal terms of credit to their customers. It increases the profitability of the company. Therefore, it creates current assets for the company in the form of accounts receivable or debtors. Effective management is required for this type of accounts as give rise to the costs such as bad debt losses and interest payment (Stolowy and Lebas, 2006). Therefore, the objective of the management department is to ensure that benefits that arise due to the accounts receivable are more than the incurred cost for the receivables and gap between cost and benefits increases which results in increase in profit. The investment of a company in inventory stock and plant and machinery is at highest priority and account receivable is considered as the third largest asset item of the firm. Therefore, it is necessary for the food producing companies to have a control and effective monitoring of the accounts receivables as it holds a strategic position in the financial management area (VeÃÅ' ron, 2007). Creditor management The creditors are also a key part of the working capital management. The trade credits are the most important and simplest of short term finance source for food companies. The main objective of the payable management is to determine the optimum trade credit level to accept from the suppliers. Creditors should be managed appropriately as it is significant part of the cash management that will enhance the performance and flow of cash of the company (Warren, Reeve and Duchac, 2007). The flow of cash affects the profitability of the organization. However, a company should slow down its cash disbursement and paying its creditors slowly so that the funds can be used in most effective way. It has been argued that the management of payables, receivables and inventory imposes vital impact on the flow of cash that affects the profitability of the companies. However, it is significant for the company to focus on effective management of the trade credit terms that ensures suppliers are receiving their payments on time. The products purchased on credit term are paid usually at future date which given by the supplier (Winters, 2008). Therefore, firms need to manage their creditors by paying them on time and obtaining more credit from them. Inventory Management The inventory management is also considered as one of the most significant part of the working capital management. The food producing firms usually contains inventory such as raw materials, work in progress and finished products. The inventory management imposes vital impact on the profitability of the firms. The inventory level should be the total ordering cost and inventory holding is at least (Wolf, 2008). Therefore, it is significant for the firms to maintain minimum safety level of stock, ordering quantity and reorder level so that the cost of inventory is reduced and the management becomes more proficient. The changes in the inventory level impose vital impact on return on assets as because reduction in the inventory level improves return on assets that is the positive indicator of the performance of the company. The raw material consists of purchased component costs that would become the part of the finished product. It has many advantages as it makes the scheduling production easier because it takes the advantages of changes in market price, discounts and helps to hedge against the supply shortages. The purchases would be contiguously made at production rate if the raw materials were not held. It will lead to increase in the ordering cost and less discounts that causes interruptions in the process of production when the raw materials cannot be obtained in time. According to (Samant, 2008) firms would be attracted to purchase more raw materials that help to maintain a balance between production and purchases. The relationship of purchase and sales of the product determines the profitability of the company. The work cost includes raw material cost, labor cost and manufacturing overhead. The finished goods inventories have to be held in order to deliver immediate customer service and separatin g sales and production activities. All these constitute the overall production cost and it should be managed appropriately to increase profit margin. Therefore, holding of the finished goods inventory will help to serve the customers on timely basis and adapting with the changing demands. Inventory management is significant I order to improve the profitability and performance of the company. Conclusion The literature review chapter shows that working capital management is very much important for operating day to day activities. An efficient management of working capital of different components helps to preserve the liquidity. The studies show the importance of debtor management, creditor management and inventory management. The working capital management imposes vital impact on the food sector industry in UK. The profitability of the firms is also influenced by working capital management. Methodology Introduction The introduction of research methodology provides the brief view of the research techniques that are used in this research. The function of the research methodology is to identify the research functions as per the standardised process that helps in creating the emphasis on the given area of the research required. Henceforth the applications of the standardised process help in preventing the confusion and the complexities as well (Arie, 2008). Thus the research tries to follow the standardised process in order to create the synchronisation process adoption for the research. On the basis of the process of research methodology, the research is able to continue the study with respect to the considerations of the future perspectives. Research Philosophy The research philosophy helps in providing the clear and the precise idea with the creation of the logical reasons for the research process so that the enhancement of the knowledge can be achieved during the continuation of the research study (Wilkinson, 2015). The researcher selects the process of post positivism for the research process so that the enhancement of the knowledge could be done in the research. Henceforth the different forms of the scientifically measurement of the different methods and tools are created for the appropriate measurement of the research steps. The other reason for the selection of this tool post positivism is the involvement of the research onions and the triangulation methods that helps in the usage of the multiple sources of the information and the data with the triangulation of the research (Bower, 2013). Due to this multiple observations can also be created in the research in order to reduce the errors of the results received during the research stud y. The method of the triangular process of the research helps in the reduction risk in the false fault and thereby it helps in the approximation of the results that are required for the satisfaction of the research process during the continuation of the research study. The research philosophy generally deals with two types of the process that are the ontology and the epistemology. The ontology is defined as the nature of the reality or the nature of the being that is used in the research process. The epistemology is defined as the relationship between the researcher and the reality or the process by which the reality is being captured. Generally there are two types of ontological and the epistemological traditions or the ideologies that are the positivism and the interpretivism (Chattopadhyay and Mukhopadhyay, 2014). The positivism ontology is defined as the world of the external and the single objective reality that is considered with respect to the phenomenon or the situations in regards to the perspectives of the researcher that are considered in the research. This helps in building the structural and the controlling approaches that helps the researcher in the identification of the clear and the precise topic with the adoption of suitable resear ch methodology. The position of the interpretivism helps in providing the relationship between the ontology and the epistemology that is consisted of the interpretivists belief of the multiple reality and the relative nature (Drew, 2006). It also helps in explaining the various realities that depends on the other systems which creates the difficult process for the determination of the fixed realities and henceforth the objective determined and also seems to be satisfying the perceived objectives. In the case of the organization of the business management that is the UK food producers industry, the relation chain of the ontology-realism-objectivism determines the organizational events that management with the individual workings and the overall organizations artifacts. This process is generally used in the short term business process and for the long term process the concerns are also created with the increment of the high damage risks (Duffy, Fearne and Healing, 2005). In this context, the word objectivism and the subjectivism are seemed to be interconnected with consisting the real and the nominal with the decided conventions for the research. In the case of the organization of UK food producers industry, the relation process of epistemology-etic- positivism determines the long term stability and the decrement of the risks in the case of the business management of the industry UK food producers industry. This process is chosen by the research because the justifications are seemed to be fruitful for carrying out the research and henceforth the objectives of this research study is seemed to be fulfilled with receiving the fruitful outcomes of the research (Fowler, 2009). This process creates the appropriate philosophical choices with the creation of distinctive way of viewing the perspectives of the research. It also provides the valuable and the unique ways for the continuation of the research and henceforth the objectives are also seemed to be fulfilled with the satisfaction of the research objectives with the appropriate management of the business carried out by the UK food producers industry. The acceptance of this proce ss by the researcher helps in the creation of the variety of approaches with the appropriate detection of the faults in the management of the business (Graham and Potter, 2015). It also provides the researcher with the law like generalizations that helps the researcher for adopting the appropriate assumptions for the research. Research approach Generally there are two forms of the research approaches that is generally carried out for the adoption of the set of the pattern of the study of the approaches. These are the inductive and the deductive research approaches in nature. The deductive research approach helps in explaining the observations dependent on the various sources of information. The inductive approach helps in explaining the topic that lacks the early research and henceforth the new theories are created for the purpose of findings and the results of the research. The justification for choosing the deductive research approach is that the research tries to gain information of the research from the various sources and henceforth the deductive approach becomes the choice. Research Strategy The research strategy includes the process of the research that is carried out which is based on the research topic i.e. impact of working capital management on firm profitability in the UK food producers industry. It also includes the process of the steps that helps in the appropriate management of the research and also helps in avoiding the complexities and the confudions in the research. Research Design The selection of the appropriate research design is very much crucial for the enhancement of the process that is recorded in the research process. Generally there are three forms of the research design that are the explanatory, descriptive and the exploratory. The descriptive research is chosen by the researcher because it helps in analyzing the details of the research topic and henceforth the research seems to be consisting of the appropriate justifications. Henceforth the descriptive research is chosen by the researcher. Variables Definition and Measurement The variable is defined as the stock prices, earnings, dividend payments, interest rates and the gross domestic product has no fixed quantitative value. The variables are described as the dependent and the independent variables. In the case of the research the variables are considered fewer than two types of the measurement process that are the independent and the dependent variables (Harris and Deacon, 2011). The researcher in this research selects the independent variables for the research so that the researcher could be able to control the variables with consisting of the ability for the creation of the alterations or the variations in order to change the types and the process in the appropriate manner. In case of the measurement of the variables of the UK food Producers Industry, the levels of the measurement of the variables are dependent on the basic two types that are the arbitrary numbers assigning and the interval scale assigning. The interval scale assigning is defined as the conditions for the differentiation of the nominal or the ordinary scales measure and the zero point. It does not consist of the data that focuses on the creation of the distance between the units of the production and the time scale (Law, Harvey and Reay, 2013). The arbitrary numbers assigning is the initial step for the process of the continuation of the grouping of the numbers which is done in respect for the identification of the data and henceforth the creation of the levels of measurement is also requisite for the creation of the levels of management. The financial ratios will help to calculate debtor days, creditors days and inventory days. The formula for calculating these ratios are as follows: Debtors Days= Trade Debtors/sales revenue * 365 Creditors Days = Trade Payables/ Cost of Sales *365 Inventory days = Inventories/ cost of goods sold * 365 Sample Selection and data collection procedures Sample selection: - In the process of the research collection the entire population is dependent on the considerations and the limitations of the research study. Sampling Technique: - With the help of the selection of the sampling techniques, the sampling techniques help in the attribution of the population and hence the study of the selected topic helps to adopt the sampling techniques for the selection of the respondents (Momtaz and Kabir, 2013). Sampling Size: - The sampling size helps in defining the results of the research topic in the more described and detailed form. The managers are interviewed with the process of following the qualitative interview and thereby on the other hand, the researcher selects 100 customers out of which the selection of 50 is made with foreseeing the appropriate fulfillment of the questionnaires of the research. Sample Period: - the term sample period helps in describing the data and the process of the information collected during the particular period of the research. Henceforth the period describes the sample period which the research can be able note down the time of the research undertaken. Data collection procedures: - Data collection is considered to be one of the major aspects as it help to determine and analyze the overall perspective of the collection of the data. The data is collected from two major spoor e which is defined in terms of primary data collection and secondary data collection. The primary data collection is considered to be one of data collection method which include immense time and the result of the data collection from primary source is considered to be useful and reliable as it throw the exact picture of the current facts and figure of the undertaken research study (Noddings, 2012). The data collection method is generally categorized under two major sections the primary source and second source, the primary source of data collection is considered to be containing raw data which are analyzed and transformed into information n by the researcher. The researcher take the primary data collection procedure based on the interview, survey, questionnaire w hich are given and collected back by the research to and from the respondent after the completion of the interview question. The data collected via this medium is considered to be primary data collection method. The other important data collection method is called the secondary source the procedure involve quite each method as the researcher collect the information n or rather the take the information from the previous fin dig of the research study by other researcher and makes a analysis based on the previous finding of the same research or related research study. The secondary data collection includes less time and the outcome of the secondary data collection is considered to be less reliable and accurate when compared with primary source of data collection. The secondary source is considered to be useful when the research study time horizon is less as it takes less time compared to the primary source of collection. The research takes the help of journal, online journal, poreviosu research study paper etc (Patton and Patton, 2002). for the execution of secondary data collection method. The two data collection method is considered to be the back of the research study. The data collection method of the research study is considered to be vital and important as the entire research study result depend on the data collection procedure. Analytical Procedure The analytical procedure is one of the most important aspects of the research methodology as it helps in conducting effective analysis of the data collected from the primary research study. In order to collect the primary data for the research study, the researcher has adopted survey research technique (Vagliasindi, 2013). Moreover, the researcher has analyzed the data collected from the survey. The survey is conducted with close ended multiple choice questionnaire, from which the data has been collected by the statistical tools and the statistic data are analyzed which provide adequate knowledge about the role of working capital in the food producing industry of UK. In order to conduct the survey the some management and accounting staffs have been selected. Furthermore, after successful completion of the survey the data gathered from the survey has been analyzed descriptive statistics, correlation analysis, as well as multiple regression analysis. The descriptive statistic has been collected from the survey by a close ended structured questionnaire, where the choices of the samples are gathered and analyzed (Rinkenburger, 2012). With the help of correlation analysis the relation between the working capital management and the profitability of the business organization of the United Kingdom that are associated food and beverage production. Multiple regression analysis helps in comparing the data of different business organizations related to food and beverage industry of United Kingdom. The analysis helps in detecting the relation between the working capital management and the profitability of the business organization (Salomonsson et al., 2014). The importance of working capital management in a food manufacturing firm of UK and its impact on the profitability of the organization is detected by the analysis. Ethical Issues The ethical issues regarding the considerations of performance in the UK food producers industry is raised with rising of the ethical questions. The ethical issues deal with self interest greediness and the selfishness with the lacking of the moral development (The Lancet, 2005). Professional conflicts are also seemed on the conflicts of the company demands and the issues of the individual responsibility can seemed to be wither under the demands of the client. In this research the raising of issues of the safety regarding the food industry is available in the context of the arrangement of the opinions and the risks. The safety of the adequate income and the income of the work helps in the creation of the practices regarding the workplace safety with following the norms in order to create the enhancement of the risks (Tsoulfanidis and Landsberger, 2011). Henceforth the issues of the risks can mitigate by the risk management options and the sustainability of the opinions of the risks i nvolved in the research. Summary This research methodology helps in the provision of the brief idea of the research executed in the process of the continuation of the research and henceforth the appropriate selection of the sampling selection with the consideration of the data collection procedures and the analytical procedures (Tregear, 2005). The ethical issues with the enhancement of the process are require for the enhancement of the variables measurement and the definition are explained in this research methodology. In the part of the research philosophy, the ontology and the epistemology process of the research philosophy are considered with the provision of the appropriate explanation for the selection of the type of the best suitable research philosophy for the research process and henceforth the satisfaction is achieved by the researcher. Conclusion Working capital is one of the most important aspects of any business organization as it determines the capacity of the organization. The study mainly used the secondary data in order to acquire the basic knowledge of the connection between the working capital and the profitability of the food and beverage industry of the United Kingdom. The outcomes of the research study provide a clear and precise idea that there are relatively strong as well as important relationship present between working capital management and the profitability of the food and beverage companies of UK. The working capital management plays important role in improving the profitability of the food and beverage industry of United Kingdom. References Berk, J. and DeMarzo, P. (2007).Corporate finance. Boston: Pearson Addison Wesley. Choi, F. (2003).International finance and accounting handbook. Hoboken, N.J.: J. Wiley. Demski, J., Antle, R., Gjesdal, F. and Liang, P. (2007).Essays in accounting theory in honour of Joel S. Demski. New York: Springer. Doupnik, T. and Perera, M. (2007).International accounting. Boston, Mass.: McGraw-Hill. Elliott, B. and Elliott, J. (2008).Financial accounting and reporting. Harlow: Financial Times Prentice Hall. Fifield, S. and Power, D. (2011).Managerial finance. [Bradford, UK]: Emerald. Godfrey, J. (2010).Accounting theory. Milton, Qld.: John Wiley. Helbk, M., Lindest, S. and McLellan, B. (2010).Corporate finance. New York: McGraw-Hill. Hillier, D. (2010).Corporate finance. London: McGraw-Hill Higher Education. Holton, R. (2012).Global finance. Abingdon, Oxon: Routledge. Libby, R., Libby, P. and Short, D. (2007).Financial accounting. Boston, Mass.: McGraw-Hill/Irwin. Moles, P. (2011).Corporate finance. Hoboken, N.J.: Wiley. Ross, S., Westerfield, R. and Jaffe, J. (2005).Corporate finance. Boston: McGraw-Hill/Irwin. Samant, A. (2008).Managerial finance. [Bradford, England]: Emerald. Spiceland, J., Sepe, J. and Nelson, M. (2011).Intermediate accounting. New York: McGraw-Hill Irwin. Stittle, J. and Wearing, B. (2008).Financial accounting. Los Angeles: SAGE Publications. Stolowy, H. and Lebas, M. (2006).Financial accounting and reporting. London: Thomson. VeÃÅ' ron, N. (2007).The global accounting experiment. Brussels: Bruegel. Warren, C., Reeve, J. and Duchac, J. (2007).Accounting. Mason, OH: Thomson/South-Western. Winters, D. (2008).Managerial finance. [Bradford, England]: Emerald. Wolf, M. (2008).Fixing global finance. Baltimore, Md.: Johns Hopkins University Press. Zopounidis, C. (2008).Managerial finance. [Bradford, England]: Emerald. Arie, F. (2008). Ethical Issues of Transplant Coordinators in Japan and the Uk.Nursing Ethics, 15(5), pp.656-669. Bower, J. (2013).Statistical Methods for Food Science. Chichester, West Sussex, UK: Wiley Blackwell. Chattopadhyay, G. and Mukhopadhyay, I. (2014). On a class of partially sequential two-sample test procedures for multivariate continuous data.Statistics, 49(2), pp.455-473. Drew, C. (2006). DIFFERING EXTENSION NEEDS AND PERSPECTIVES FOR PRODUCERS, PROCESSORS AND INDUSTRY RESEARCH AND DEVELOPMENT.Acta Hortic., (724), pp.303-307. Duffy, R., Fearne, A. and Healing, V. (2005). Reconnection in the UK food chain.British Food Journal, 107(1), pp.17-33. Fowler, F. (2009).Survey research methods. Los Angeles (i.e. Thousand Oaks, Calif.): SAGE Publications. Graham, S. and Potter, A. (2015). Environmental operations management and its links with proactivity and performance: A study of the UK food industry.International Journal of Production Economics, 170, pp.146-159. Harris, J. and Deacon, J. (2011). Marketing in context the marketing authenticity of owner/entrepreneurs of small firms: Case evidence from Welsh (UK) SME food and drink producers and retailers.Small Enterprise Research, 18(1), pp.33-50. Law, R., Harvey, A. and Reay, D. (2013). Opportunities for low-grade heat recovery in the UK food processing industry.Applied Thermal Engineering, 53(2), pp.188-196. Momtaz, S. and Kabir, S. (2013).Evaluating environmental and social impact assessment in developing countries. Waltham, Mass.: Elsevier. Noddings, N. (2012).Philosophy of education. Boulder, Colo.: Westview Press. Patton, M. and Patton, M. (2002).Qualitative research and evaluation methods. Thousand Oaks, Calif.: Sage Publications. Rinkenburger, R. (2012).Measurement and management of chief executive reputation. Frankfurt am Main: Peter Lang. Salomonsson, H., Jacxsens, L., Perseyn, J. and De Meulenaer, B. (2014). Risk profiling of wash waters in vegetable processing industry towards possible allergen carry-over.Food Research International, 55, pp.190-196. The Lancet, (2005). The UK drug industry: responsible, ethical, and professional?.The Lancet, 366(9500), p.1828. Tregear, A. (2005). Lifestyle, growth, or community involvement? The balance of goals of UK artisan food producers.Entrepreneurship Regional Development, 17(1), pp.1-15. Tsoulfanidis, N. and Landsberger, S. (2011).Measurement and detection of radiation. Boca Raton, FL: CRC Press. Vagliasindi, M. (2013).Revisiting public-private partnerships in the power sector. Washington, D.C.: World Bank. Wilkinson, J. (2015). Food security and the global agrifood system: Ethical issues in historical and sociological perspective.Global Food Security, 7, pp.9-14.

Claiming Health in Food Products †Free Samples to Students

Question: Discuss about the Claiming Health in Food Products. Answer: Introduction Businesses operate in a dynamic environment which makes change inevitable. The change affects the performance of the retail business to some extent because the firm has to change how it carries out its operations. The performance due to the various factors contributing to the change can either improve or decline. Performance in businesses is measured using various metrics which include sales volume, profit, customer acquisition, market share, employee retention and employee satisfaction (Bai, Sarkis, 2014). There is the need to identify the factors affecting the performance of the retail business in New Zealand and Fenton Quality produce was used to help identify the factors. Fenton Quality Produce Ltd is a fruit and vegetable shop located in Rotorua in New Zealand. The company was started by Nick Patel after realizing that most the people in Rotorua had been buying fresh greens and that demand for fresh fruits and vegetables was very high because people had embraced healthy eating habits. The company buys the supplies from suppliers in Tauranga, Hamilton, and Auckland. The company engages in both wholesale and retail operations, and it has played a major role in satisfying the needs of the customers in terms of fresh fruits and vegetables in Rotorua and its neighboring locations. Problem identification/opportunity Organizations make profits and losses, but they usually do not know the cause of the change in performance. The lack of the knowledge prevents the companies from sustaining their success (Anderson, et al.2014). This leads to loss of market share, customers shifting their loyalty to the products of the other organizations, increased employee turnover which disrupts the operations of the business due to the shortage of employees to perform various tasks in the organization. This leads to increased costs such as opportunity loss due to the shortage of produce in the market. Retail businesses play a critical role in the economy and also ensuring that customers receive the needed products of the right quality and quantity. In respect of the mentioned issues, the research will be aimed at identifying the factors affecting the performance of retail businesses in New Zealand. Retail businesses especially those engaging in fresh fruits and vegetable play a critical role in the economy and improving the health of many consumers. Due to their importance in the society, their need to identify the factors that affect their performance. Identification of the factors will enable the businesses to operate effectively and efficiently as they will be aware of the measures they are supposed to take at different stages of the operations. Identification of the problem will also enable the business to come up with solutions that will prevent the organization from making losses and this will lead to improved profits and performance of the business. Therefore, I find the area relevant in carrying out the study of the factors affecting retail business performance. The study focuses on the performance of retail businesses in New Zealand with the point of reference being Fenton Quality Produce limited. The scope will be limited to the factors affecting the performance of retail businesses and be able to come up with the main factor that affects the performance of Fenton Quality Produce. Many types of research have been conducted by various authors and scholars to identify the factors that affect business entities in various countries. Each scholar usually has his/her opinion. The opinions sometimes are in agreement but also the opinions sometimes conflict especially where the authors use retail businesses in different industries (Pantano, 2014). This study is interested in exploring the work of authors who focused their studies on the factors affecting the retail businesses especially the fresh fruits and vegetables. The major concepts and studies under consideration in identifying the factors affecting the performance of retail businesses include the management theories, the marketing theories, the industry of the retail business, competition and health factors. Management theories. The management of the business plays a very critical role in the performance of the business. The management of the organization can propel the organization to a greater success or even cripple the business. Employing the right management style will motivate the staff and lead to greater performance. Right management will be able to come up with SMART organizational goals which will give the retail business a sense of direction (Huarng, Ribeiro-Soriano, 2014). The goals of the business should also be communicated well to avoid conflicting goals which may prevent good performance. The performance of the retail business will be improved if the management clearly communicates the goals of the organization as the employees will be aware of the tasks they are supposed to accomplish and achieving the targets will motivate them. The participative management style enables the manager to consider the output of the stakeholders before making decisions. The opinions of the employees are valued and this makes them feel satisfied and work hard to accomplish the goals of the organization which they helped to set (Dozier, Grunig, Grunig, 2013). Affiliate management style enables the manager to create a harmonious environment which will make the employee have the conducive working environment needed to be productive. This kind of management style ensures that the organization is not faced with conflicts between the managers and the employees (Chen, et al.2012). This kind of style motivates and makes employees happy. This enables the organization to achieve its target goals because the employees are satisfied. Directive management style ensures the employees comply with the set rules and regulations. This gives employees no time to put their creativity and innovative abilities to use because the management does not allow so. The employees feel threatened, and they are punished when they make a mistake or fail to meet their targets (Hashim, 2013). This kind of management style can be very effective in situations where deviations from the set plan are risky. The directive style can also be effective in situations of crisis in the organization. The policies made by the leader should be followed. However, the style does not create a conducive environment for employees to be productive and this will cause the business not to be efficient and effective in its performance. Marketing theory. Marketing refers to the companys activities of buying and selling products. Marketing mix refers to the factors used by a firm to influence consumers to purchase a certain product (Gordon, 2012). Most organizations use the popularly known 4P's of the marketing mix. This comprises of the price of the product, promotion, place and the product itself. Price refers to the set consideration the company is willing to accept in exchange for its products. The price should be set by considering various aspects which include the income of the target market and the behavior of the consumers (Singh, 2012). The retail business tends to lower their selling prices to sell more and I completely agree with this statement. The retail business sells more if the product has a high price elasticity and lowering the price will attract more customers. The business should also offer their customers price discounts to attract more customers. The price should reflect the value of the product being sold by the business and this will attract more customers leading to the success of the retail business. Setting high prices will scare consumers unless the business is selling Veblen goods. The product refers to the goods and services offered by the business. The business should ensure that its products are of high quality to attract more customers. The business should also sell products that satisfy the needs and preferences of the customers (Singh, 2013). Like in our case, the Fenton Quality Produce limited sells fresh fruits and vegetables which are needed by the consumers, and this enables it to sell more and be successful. Offering consumers inferior goods will result to low sells as customers prefer high quality products. Place in the marketing mix refers to where the goods and services can be purchased. The business should ensure that the business is strategically placed to create convenience to the consumers willing to buy the products (Gordon, 2012).The products of the business should be easily accessible, and this is ensured by having effective supply chain management in the organization which will ensure that the goods are readily available when needed by the customers. If the goods are not accessible, few goods will be purchased, and the business performance will decline. The last P is for promotion. This refers to the activities the organization engages in to ensure that the buyers recognize the products of the business. The business should engage in sales promotion, public relations, and advertisements. The promotion enables the business to highlight the strengths of the business and why consumers should purchase the products. The advertisements include television advertisements, print media, and radio commercials. The business can also engage in social media advertising which has been very effective for many businesses (Chaffey, Smith, Smith, 2013). Word of mouth also helps the business products to be recognized as satisfied buyers will refer other buyers to the products of the organization, and this enables the firm to perform better. Poor advertisement can damage the reputation of the business and lead to poor performance. The industry of the retail business. The industry of the retail business also plays a critical role in the success of the retail business (Christensen, 2013). Businesses related to agricultural industry are more affected by this factor. For instance, Fenton Quality Produce sells fresh fruits and vegetables. This will force the business to invest a lot in storage facilities to store the perishable products so that they can be in the condition needed by the customers. Failure to provide fresh products will force the customers to seek products from other firms. If the industry is seasonal, the business should determine when to lower their prices because the supply of the products exceed demand. This knowledge will enable the business to prosper. Failure to offer discounts and lower prices will lead the business to perform poorly. This refers to the rivalries between two or more entities. Businesses compete for market share, consumers, profits and even suppliers. The business should ensure that it creates a competitive advantage that will enable it to position its products in a better position than those of the competitors (Bennett, et al.2013). If it does so, it will perform better. If the business does not create competitive advantage, it will be eliminated from the business operations because it will not be able to compete. Businesses selling products which have health benefits tend to sell more than businesses offering products which are said to be hazardous. Nowadays, people have embraced healthy living, and a business selling products which satisfy the needs of the customers tend to perform better as they attract more customers than other firms (Lhteenmki, 2013). Businesses should, therefore, ensure that they offer products with nutritional value so that they can perform better Among several factors discussed in the literature, the industry of the retail business factors is more appropriate to the Fenton Quality Produce Ltd. This is because the company sells perishable products which need a lot of care so that they can be fresh always. Participative management style is more appropriate for the firm because there is need to consult the stakeholders on the best ways to maximize the sales of the company than other management styles. What are the effects of management style on the performance of retail businesses? Does marketing mix affect the performance of retail businesses? Conclusion From the findings of the literature review, management styles play a very critical role in the performance of the retail businesses. The choice of the management style will affect the motivation and the satisfaction of the employees. If the management style motivates the employees like in the case of affiliate and participative management styles, the employees feel valued and motivated and they will help the business achieve its goals as they will perform their tasks effectively. Directive management style will cause the employee to feel uncomfortable as they fear to be punished if they do not achieve their targets. This creates a poor working environment and the employee will not perform their duties well. The business should, therefore, use participative and affiliate management styles to solve management problems that affect the performance of the retail business. The other notable finding is that the management should employ the marketing strategies that will enable its products to be recognized. The firm should know the best times to reduce the prices to attract more customers, the time to offer customers discounts to encourage repeat and bulk purchases. The company should always set the most appropriate selling price to attract more customers and also make a profit. This will help the organization to solve the problems associated with setting the selling price of the products which have a direct influence on the performance of the retail business. The study findings will be useful to all the retail businesses in New Zealand and to potential entrepreneurs who wish to venture into the business of selling fresh fruits and vegetables like Fenton Quality Produce Ltd. The investors will be able to know that their business is affected by weather conditions and it is seasonal so they will have all the knowledge needed so that they can make the right decisions that will help them to prosper. The investors will also know that they should invest more resources in storage facilities because the products of the business are perishable and they require proper storage facilities so that they can be fresh always. References Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., Cochran, J. J. (2014). Statistics for business economics, revised. Cengage Learning. Bai, C., Sarkis, J. (2014). Determining and applying sustainable supplier key performance indicators. Supply Chain Management: An International Journal, 19(3), 275-291. Bennett, V. M., Pierce, L., Snyder, J. A., Toffel, M. W. (2013). Customer-driven misconduct: How competition corrupts business practices. Management Science, 59(8), 1725-1742. Chaffey, D., Smith, P. R., Smith, P. R. (2013). eMarketing eXcellence: Planning and optimizing your digital marketing. Routledge. Chen, X. H., Zhao, K., Liu, X., Dash Wu, D. (2012). Improving employees' job satisfaction and innovation performance using conflict management. International Journal of Conflict Management, 23(2), 151-172. Christensen, C. M. (2013). The innovator's dilemma: when new technologies cause great firms to fail. Harvard Business Review Press. Dozier, D. M., Grunig, L. A., Grunig, J. E. (2013). Manager's guide to excellence in public relations and communication management. Routledge. Gordon, R. (2012). Re-thinking and re-tooling the social marketing mix. Australasian Marketing Journal (AMJ), 20(2), 122-126. Hashim, M. (2013). Change management. International Journal of Academic Research in Business and Social Sciences, 3(7), 685. Huarng, K. H., Ribeiro-Soriano, D. E. (2014). Developmental management: Theories, methods, and applications in entrepreneurship, innovation, and sensemaking. Journal of Business Research, 67(5), 657-662. Lhteenmki, L. (2013). Claiming health in food products. Food Quality and Preference, 27(2), 196-201. Pantano, E. (2014). Innovation drivers in retail industry. International Journal of Information Management, 34(3), 344-350. Produce, F. Q. (2017, October 4). facebook.com. Retrieved from https://web.facebook.com/Fenton-Quality-Produce-364598750548964/?_rdc=1_rdr Singh, D. (2013). The brand personality component of brand goodwill: some antecedents and consequences. Brand equity advertising: Advertising's role in building strong brands, 83. Singh, M. (2012). Marketing mix of 4Ps for competitive advantage. Journal of Business and Management, 3(6), 40-45.