Thursday, October 31, 2019
Lab Management Software Research Paper Example | Topics and Well Written Essays - 500 words - 1
Lab Management Software - Research Paper Example Lab management software is a set of software technologies meant to replace manual systems in the lab. They are used to automate operations in a lab. The need for lab management software arises from the poor management of lab samples and related analysis including reports obtained after tedious manual processes often cumbered with errors (Dessy & Starling, 2013). Lab management software advance efficiency and collaboration in a modern computer lab by incorporating information. In so doing these software accelerate innovations and facilitate sustainability strategies. These software can be tailored to meet specific requirements for protecting and managing intellectual property (Pearce, 2012). In addition, the software can be used in the planning, analyzing, executing, mining and reporting of experiments and experimental results. This section delves into the analysis of the benefits of using lab management software as opposed to the manual process of recording and managing experiments and experiment data. One benefits of lab management software is assisting lab personnel in making orders. This is because it allows searching across multiple vendors to compare prices of lab equipment and supplies (Pearce, 2012). Further, the personnel may also search from a large database that offers a huge variety of products and thus choose to add new items. Lab management software helps managers to view orders of all their members in one place, and easily edit and remove duplicate and unnecessary items during the processing of orders (Dessy & Starling, 2013). Additionally, lab management software is essential in inventory management. It allows lab personnel to track the location, details and status of lab supplies (Pearce, 2012). Here automatic reports are generated for this tracking. Further, use of lab management software allows for integration with external data. According to Nichols (2011), these systems allow for linking of online data with an existing
Tuesday, October 29, 2019
Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 words
Climb the Legal Ladder - Essay Example The major work behavior that the Sullivan & Cromwells pay structure will motivate is working for more hours per day. This is based on the fact that clients are charged $250 per hour, implying that if an associate works for more hours his or her salary will increase. It is appropriate for Sullivan & Cromwell to increase the salaries of the associates who joined the firm four years ago. This may include pulling back the increment for the four years or at least two years. If the salaries of new associates are increased by $20,000, I would recommend the firm to increase the salary for billable hours for other employees in the various levels. This will act as a motivation not only to other levels but also to new graduates. The Waif Street Journal writer fails to identify the experience and the number of years that the partners have worked that makes them to earn more than the associates. Based on the fact that partners are the senior employees, the high level of salaries will act as a motivation even though the disparity on the amount of salary between the partners and the associates needs to be reduced. There lacks any parallel between Merrill Lynchs FAââ¬â¢s and SVPlââ¬â¢s and highly paid Sullivan & Cromwell partners salaries. One of the implications of the changes to bonuses is that there will be a disparity in the pay structure. For example, in the current pay structure the difference between the eighth-year associates and the early-career associates is $105. After the change is implemented, the difference will stand at $20. This implies that eighth-year associates will be paid less as compared to other levels. Lisagor and Frank (1989) argues that such reduction of bonuses would make the employees at the upper level to be demotivated thus lowering the performance of the firm. As a result of the firmââ¬â¢s low performance, the company may lack the ability to
Sunday, October 27, 2019
Change is required for the effective working of the organisation
Change is required for the effective working of the organisation Abstract In every organisation the change is required for the effective working of the organisation, in order for the better performance the employees or the management of the organisation implement a strategic change management timely when the need is required for the organisation to stand well in the business and the change management plays a very important role when it will be implemented when it is required and will give the organisation to rise its standards even more to great heights. In the similar fashion a proper change management has been implemented by the employs of Satyam Computer Services Pvt.Ltd to stand back in the business market and to make its organisation back in working condition when the organisation got collapsed due to improper management. With its effective strategic change management the organisation regained the lost customer and client relationships, with the help of integrated change management policy the organisation set some new approach to deliver sustained success to the unit in improving the effective functioning of the organisation, with an appropriate selection process, rewards in performance and an proper change management process the organisation could tackle the problems, after thr review on this assignment we could grasp some knowledge on the required change management and its implementation on any organisation when it needs an Change management. Change Management: activities involved in (1) defining and instilling new values, attitudes, norms, and behaviours within an organization that support new ways of doing work and overcome resistance to change; (2) building consensus among customers and stakeholders on specific changes designed to better meet their needs, and (3) planning, testing, and implementing all aspects of the transition from one organizational structure or business process to another. http://www.gao.gov/special.pubs/bprag/bprgloss.htm There are 3 models in change management they are: McKinsey 7-S Model Tom Peters and Robert waterman created the McKinsey 7-S Model, while they were working for McKinsey and company, and even by Richard Pascale and Anthony Athos at a meeting in 1978 (12 manage, 2007). The McKinsey 7-S Model is a holistic approach to a company or an organisation, which collectively determines how the company will operate (12 manage, 2007). In this model there are seven different factors which are the part of the model which will work with this model, and they are. Shared values Strategy Structure System Style Staff Skills The pictorial image of the 7 factors of McKinsey 7-S Model Briefing about the factors Shared values This factor has been placed in the centre of the model because it is what the organisation believes in and stands for, such as mission of the organisation (12 manage 2007). Strategy Here strategy represents the status of the organisation or what the organisation plans to react to any changes of its external surroundings (recklies, 2007). Structure Structure is the present or the future shape of the organisation Systems The systems are the rules and regulation, process and procedures and routines that characterize the method of the work to be done. Staff Staff is quiet obvious in the fact that it is a proper representation of who is employed by the organisation and what they do within the organisation (12 Manage, 2007). Style Signifies the organisational culture and management styles that are utilized within the organisation (12 Manage, 2007). Skills They indicate the abilities and competencies of either the employees or the organization holistically (12Manage, 2007).Ã Advantages of the McKinsey 7-S Model : The benefits of this model are It is an effective way to diagnose and understand the organisation. It is an guide for organisational change It is a combination of both rational and emotional constituents. All the factors are interrelated, so all portions must be addressed focused (12 Manage,2007). Disadvantages of McKinsey 7-S Model The major disadvantage is that this model ignores differences (Morgan, n.d.). After five years many of the companies that used this model fell from the top (Morgan, n.d.).Ã Lewins Change Management Model Lewins Change management model was created by Kurt lewin ( mind tools,2007), Kurt lewin has recognized the three stages of change, which are still widely used they are ( Syque, 2007) Unfreeze Transition (Change) Refreeze Unfreeze: The lewins model explains about the people who tend to or who stay in safe zone and are hesitant of the change like when there is no change they feel comfortable and when any change has taken place they feel uncomfortable, while to overcome this the freezed state the organisation provides an motivation. Motivation is important to any organisation, even though if there is no change. Transition (change) The transition period is when the change is occurring, which is voyage and not a step (Syque, 2007), generally the time for transition takes longer as the people do not like change. Another important part of this stage is about reassurance which is good for the organisation as well as the employees. When the transitional voyage ends then starts the next stage thats unfreeze. Unfreeze Unfreeze is a stage where the organisation or the company again gets stable condition, like the stage where the organisation regains the same or an good mode of business. (Syque, 2007) Advantages of the Lewins Change Management Model : Here the advantage for this model has good points than the previous model as this model has better understandable steps and has fewer steps, this is most efficient model to be used in these days. Disadvantages of the Lewins Change Management Model : The Lewins Change Management Model has also got some disadvantages and main is about that it is timely, that means to any change to take place it will take time. Another disadvantage is about the refreezing period, like many people are worried that another change is coming, so they are in change shock (Syque, 2007). By these the employees be in trauma that the change is arriving which makes them to work less efficiently in their jobs. Kotters Eight Step Change Model: John Kotter introduced Kotters Eight Step Change Model in 1995; he is an professor at Harvard Business School and worlds renowned change expert, the Kotters change model consist of 8 factors and they are. Create urgency: The need of creating urgency for the change comes when the organisation needs to survive so for that we need to convince all the people in the organisation. Form a Powerful Coalition: To survive the change the organisation needs to form a strong team, the team may consist of the most efficient or trustable, reliable persons from the organisation itself. To create a Vision for the Change: After formation of the team they have to construct an vision which will guide and show a clear direction in regards to the change and the result for the company and the after effects of the change. Communicate the Vision: When the team has created an vision in regards to the change they have to communicate this vision with all the empolyees and make sure that every employee is clear of what is happening. Remove Obstacles: Here in this step the management should equally work with the employs to empower the employes and help in removing obstacles. Create Short Term Wins: Here the employs should be provided with short-term wins with rewards which indeed will make the employees to work more efficiently. Bulid On the Change: The seventh step is about persistence because we should influence more change even after the short-term goals are met or the original plan for change will cease and die (Rose, 2002) Anchor the Change in corporate Culture: The final step is to make the change permanent by moving fitting it into the companys culture and practices, such as promotion (Chapman, 2006). Advantages of the Kotters Eight Step Change Model: The Kotters model has a huge benefit that it is step by step model, which indeed is easy to follow and the other benefit is that it not only focus on change only but it even accepts and gets prepared for this change , which helps in the transition. Disadvantages of the Kotters Eight Step Change Model: The only disadvantage for these model is that we can not skip any step where the change will be failed. The model I choose for the organisation Satyam Computer services Pvt.Ltd. is
Friday, October 25, 2019
Wedding Speech Delivered by the Groom -- Wedding Toasts Roasts Speeche
Wedding Speech Delivered by the Groom Before I start I have to ask... Do you like my outfit?... you see, I asked the tailor for Versace... but he thought I said "Liberace"! Ladies, Gentlemen, Friends, Relatives and any stray pedestrians who may have wandered in. On behalf of my wife and I... or as I prefer to call her "my most recent ex-girlfriend", welcome to our wedding. I hope you're all enjoying yourselves on this special day. Its great to see you all and I can honestly say it would have been rubbish without you. It would also have been a lot cheaper without you, but that's beside the point. We'd like to thank my new Father-in-law for his kind words and good wishes. And to thank both my new in-laws for all the help (both organisational and financial) they have given us in arranging this reception. I'd like to thank them personally also for all the kindness and generosity they have shown me over the last 8 years, especially after we got off on the wrong foot 8 years ago with the awful blocked toilet incident. I won't go into the details here, but suffice to say their toilet was not blocked before I went in there, but it was very blocked when I left... and overflowing. Nothing much was said at the time, but I did notice on my next visit that the bathroom carpet had been replaced with easy wipe laminate floor! So for that discretion and everything else: thank you. We'd also like to thank my mum for ... ...or those who don't know, Nuala is the one with the plaster cast on her arm, sustained in an arm-wrestling contest to decide who would be the chief bridesmaid. And Shiv who is the chief bridesmaid! We'd like to thank both of you for all the support given to the bride today as well as the other kind of support offered on the way home from the hen do. But most of all we want to thank you for blending in so well with the table cloths. So if you would all stand and raise your glasses and join me in toasting the bridesmaids... "The bridesmaids!" OK I could go on all night, trotting out the usual tired old jokes and fictitious anecdotes, but instead I'm going to leave that to the best man. Thank you.
Thursday, October 24, 2019
JetBlue Case Analysis Essay
External Environment To evaluate the external environment of JetBlue airways we will use the PESTEL analysis. PESTEL analysis stands for ââ¬Å"Political, Economic, Social, Technological, Environment and Legal analysisâ⬠. Political Factors How and to what extent the government does intervenes in the economy. Political factors can be tax policy, labor law, environmental law, trade restrictions, tariffs, and political stability. Political factors that are found in the JetBlue case are: Government monitors the airline industry more scrupulously as a result 60% of airline industry is unionized Heightened sense of consumer information privacy Airport slot/gate allocations Security considerations since 2001 attacks Bankruptcy Economic Factors These factors have major impact on how businesses operate and make decisions. They include economic growth, interest rate, exchange rates, and inflation rates. Economic factors that are found in the case are: 1978 Airline Deregulation Act created intense rivalry between airlines Downturn in airline travel after 9/11 2001 affected most airlines ââ¬â JetBlue reported 18 consecutive quarterly profits IT Spending continued post 9/11 Fuel costs spiraled, aggressive competition and increased operating costs Availability of venture capital Interest Rates Legacy Airlines exiting bankruptcy and streamlining operations Strategic Alliances Fair Pricing is an important competitive factor JFK Expansion Social Factors Trends in social factors affect the demand for a companyââ¬â¢s products and howà the company operates. They include the cultural aspects and include health consciousness, population growth rate, age distribution, career attitudes and emphasis on safety. Social factors that are found in the case are: 2001 Terrorist attacks in US negatively affected airline industry Anxiety about safety at airports Travel has become inconvenient due to safety precautions Internal Culture at JetBlue ââ¬â Management is hands on ââ¬â a great place to work Technological Factors The technological factors determine barriers to entry, minimum efficient production level and influence outsourcing decisions. They include ecological and environmental aspects, such as R&D activity, automation, technology incentives and the rate of technological change. Technological factors found in the case are: Aging fleet Diffusion of Technology Digital Revolution ââ¬â internet does away with ticket agents but allows price comparison Customer service working from home reduces operations costs Environmental Factors These factors include weather, climate, and climate change. Environmental factors that are found in the case are: War, Political Turmoil and Natural Disasters drive fuel prices from $30/bbl. in ââ¬Ë03 to $60/bbl. in ââ¬Ë05 Airport slot/gate allocations Security conditions build barriers to ease of travel Legal Factors These factors can affect how a company operates, its costs, and the demand for its products. They include discrimination law, consumer law, antitrust law, employment law and health and safety law. Legal factors that are found in the case are: 1978 Airline Deregulation Act eliminated government control over fares and routes Airport and FAA density regulations Security laws since 9/11 Porterââ¬â¢s Five Forces In order to understand Jet Blueââ¬â¢s external environment, Porterââ¬â¢s 5 forces are a helpful tool in order to evaluation the companyââ¬â¢s competitive environment and the degree of rivalry amongst competitors within the aviation industry. The competitive environment will be evaluated in terms of 4 different aspects, namely the bargaining Power of customers and suppliers, the threat of new entrants and new substitutes. The bargaining power of customers within the aviation industry is rather high as there are standard products and services that are less unique and can be easily imitated by competitors. Furthermore, there are only low switching costs incurred for the buyer in general, meaning that there is usually a lower degree of customer loyalty towards one single company and that customers can compare offers easily especially due to the option to purchase tickets online. Suppliers generally have a moderate to high bargaining power within the industry due to the limited number of suppliers which forces aviation companies to choose from the number available and accordingly to accept their prices. In fact, fuel is the second highest cost for aviation companies. There are highly depended on supplierââ¬â¢s prices and the availability which indicates on a relatively high bargaining power of suppliers. In addition, there are high switching costs which are strongly in favor of the suppliers and means that the company experiences an increase in operating costs when switching to another supplier as flying another type of aircraft leads to additional costs (maintenance, training etc.).Aircrafts are vulnerable to delays due to the location of gate locations which leads to a decrease in utilization and therefore to an increase in costs. In terms of the threat of substitutes there are not a lot serious threats and alternatives to products within the aviation in dustry, therefore the threat can be rated as medium. However, private aircrafts can be seen as a substitutes within the industry. Within the transportation industry there are more alternatives for substitutes such as trains, buses, cars and boats. The threats of new entrants is very low as there are certain barriers to entry such as a high amount of investments that are required and it is rather difficult to build up a reliable and trustworthy from scratch as the industry is already dominated by severalà competitors. In conclusion it can be said that there is a medium degree of rivalry within the aviation industry due to a rather high degree of bargaining power of customers and suppliers and a rather low threats of new entrants and substitutes within the industry. One of the remedies to avoid high bargaining power of customers would be to try to differentiate from competitors by building a unique and favorable image on the market. On the other hand companies could use the strategy of backwards integration and acquire their suppliers in order to avoid the bargaining power of suppliers. However, those investment decision are always highly dependable on the companyââ¬â¢s financial budget, priorities and goals in general. Financial Analysis The following graph is an evaluation of JetBlue Airways and Southwest Airlines based on financial information found on the companiesââ¬â¢ income statements, balance sheets, and cash flow statements: Jet Blue As you can see, JetBlue is consistently below Southwest on the ratios. JetBlueââ¬â¢s liquidity ratios have decreased over the last three years and could be considered worrisome. However, we know that the fleet is aging and the company is making investments to replace the old fleet and expand the fleet. This is a very reasonable cause for the decrease in these ratios. JetBlueââ¬â¢s equity multiplier is higher than Southwest. At first, you might think this is better. However, a higher equity multiplier is not a good thing. A high equity multiplier means that a company finances a larger portion of its assets through its debt. Therefore, southwest has a better equity multiplier. While JetBlueââ¬â¢s net profit margin is slightly lower than Southwestââ¬â¢s, it is in line with the industry average of 3.2%. JetBlueââ¬â¢s return on equity is also in line with the industry average of 8%. JetBlue has a high capital intensity ratio which is okay because, as an airline, they require a large amount of capital to operate. Overall, the financial ratios are lower than Southwestââ¬â¢s but they donââ¬â¢t show any problems that donââ¬â¢t make sense. The net profit margin, return on assets, and return on equity have all improved over the last three years. The cash coverage ratio is also improving. The finances seem to show that the company is improving and is stable. Strengths When we look at the case JetBlue shows several strengths. One of the most important is customer satisfaction; they satisfy their customers by being a low-cost airline but at the same time offer excellent experience (theà JetBlue Experience). They have new airplanes (that keep the operational costs low) with inflight entertainment systems, their customers get a drink and a snack and their employers are involved and motivated. JetBlue is an innovative company, for example they were the first North-American airline company that used electronic ticketing and they introduced the first paperless cockpits. Weaknesses When analyzing the company internally we also see several weaknesses. From the case it became clear that the company had problems with facing mass cancellation; a weak reservation system and also no baggage handling systems. The company got high debts because of the rising fuel prices, and also because of the compensations that they gave their customers after making mistakes. Currently the baggage handling system works properly and their online reservation systems are also improved. Another weakness of JetBlue is that is focusses on the middle class of society, therefore they do not have many high class people that are willing to spend more. Opportunities The company is also influenced by external factors, and we will first discuss the opportunities for JetBlue. The case made clear that JetBlue is getting more and more interline agreements with other airline companies. Due to this fact JetBlue will have more destinations to fly to and they can also make reservations under each otherââ¬â¢s names. It is therefore wise that JetBlue keeps making new interline agreements with the bigger airline companies. Another opportunity for JetBlue is technological improvements, since JetBlue is an innovative company they like to try new things out such as they did with the paperless cockpit. Also the deregulation of international air travel and loosening laws and regulations are opportunities for JetBlue. There are a lot of regulations around air travel, especially after the terroristic attacks on 9/11 and also the tax laws influence the company. Whenever these will become looser the company will have less expenditures. Threats When we evaluate the external factors that are influencing the company we also find several threats. One of the biggest threats for the airlineà industry are fuel prices, since they are the biggest costs for an airline company. Another threat for the airline industry are terroristic attacks, after 9/11 the customers got afraid of travelling by plane. Also all the safety procedures make travelers rather want to use another way of transportation, such as the car or train. Financially the high user taxes and currency changes also influence the airline industry. TOWS Analysis After evaluating the SWOT analysis we can now look at the externally-focused TOWS analysis. The TOWS analysis matches external opportunities and threats with internal strengths and weaknesses. Maxi-Maxi Strategy How can you use your strengths to take advantage of the opportunities? If we compare the strengths and opportunities of JetBlue, some of the strategies they could implement are: Focus on the technology improvements; JetBlue is an innovative company and they like to try out new technologies. They can make the JetBlue experience even better than it already is. Focus on the interline agreements; when JetBlue has more interline agreements with other airline companies their customers will have more choice of countries where they want to go, it will also be easier for them to make a reservation. Lower the operating costs; whenever the law and regulations will be in favor of the airline industry the company can lower its operating costs and therefore also lower their prices. Maxi-Mini Strategy How can you take advantage of your strengths to avoid real and potential threats? The strengths that JetBlue could use to avoid real and potential threats are: Focus on technological developments; again they should focus on this for example they could maybe develop new security check machines that are easier to use and also safer to avoid terroristic attacks Develop the JetBlue experience; there is intense competition in the airline industry, however JetBlue should differentiate itself by improving the JetBlue experience which is already known for excellent customer service, friendly personnel, new planes, entertainment systems etc. If they improve this experience and keep focusing on being a low-budget company they will winà more customers. Mini-Maxi Strategy How can you use your opportunities to overcome the weaknesses you are experiencing? There are several opportunities that JetBlue could use to overcome the weaknesses that they are experiencing, such as: Loosening laws and regulations; whenever the regulations will be looser the turnaround process of the airplanes will be easier and faster. New technology; the new technology could help the company to improve the online presence. The online presence was in the case really bad but currently they already improved this. However E-business and M-business is getting more and more popular so it is always wise for a company to keep on track with this by improving their online systems. Mini-Mini Strategy How can you minimize your weaknesses and avoid threats? The strategies that JetBlue should use to minimize its weaknesses and threats are: Improve the systems; some of the weaknesses are weak baggage handling systems and online presence. Also in the case it became clear that JetBlue faced problems with mass cancellation. This could all be improved by implementing ERP systems so that it is clear what is exactly going on in the company. For online presence they should have an IT department that focusses on that. Improve safety systems: there are a lot of safety procedures because of the fear of terroristic attacks. The airplane industry should invest in have safer and easier systems to improve the safety of its travelers. Differentiate itself from other airline companies; there are a lot of airline companies and this causes intense competition. However if JetBlue makes sure that they offer their product in an exclusive way the company will win customers. Balanced Scorecard In the following we will establish a balanced score card for Jet Blue by collecting and analyzing data on the companyââ¬â¢s current performance. The overall goal of the balance scorecard is to analyze the gathered data and compare it to the desired performance and strategic goals. Furthermore it is a helpful tool to align business activities to the companyââ¬â¢s current mission and vision. At large, there are 4 major perspectives that are analyzed during the balanced scorecard which are the customer, internal business,à innovation& learning, and financial perspective. In terms of the internal Business Perspective it becomes clear that Jet Blue has one of its major core competencies in quick turnarounds. One of the main reasons for this is the ââ¬Å"paperless cockpitâ⬠innovated and introduced by Jet Blue itself. In fact, the paperless cockpit ensures faster takeoffs by reducing paperwork which eventually leads to quicker turnaround rates, as well as higher aircraft util ization. Jet Blueââ¬â¢s high completion rate is another significant competence of the companyââ¬â¢s business operation (rate of 99.6 % compared to 98.3% at major airlines). Furthermore, the Jet Blue would keep operating costs low by integrating a less costly plane, the A 320, which is significantly less costly than the Boeing 737. In addition, the A 320 is more fuel-efficient, requires less maintenance costs, and training costs are kept at a lower level which leads to an overall decrease in operating costs and enables the company to offer less costly tickets to the end-customer. However, Jet Blue aims at renewing its fleet expansion in 2012. The airline planes to purchase the A321s and A320neo. Besides, the company had to deal with major system issues in regards to the baggage-handling system, online rebooking system, the sabre airline solution applications which caused significant delays in daily operations and lead to dissatisfaction among customers. Another perspective of the balanced scorecard that needs to be analyzed is the customer perspective. The company markets its service package as the ââ¬Å"Jet Blue experienceâ⬠which includes the new aircraft, variety of TV channels& movies, leather seats and more leg room. Furthermore, Jet Blue adds value to its customers by offering services such as priority boarding. The company, in fact positions itself as a low-price company, but focuses strongly on customers services (the ââ¬ËJet Blue experienceââ¬â¢) as well. This strategy enables the company to differentiate themselves from their competitors and adds unique value to their products. However, after the operations meltdown of 2007, customers lost trust in the company. For the future, significant changes are needed to restore customerââ¬â¢s trust. In terms of the companyââ¬â¢s financial perspective it can be said that companyââ¬â¢s liquidity ratios have been decreased over the past 3 years and could be considered worrisome, however, as Jet Blue plans to replace its fleet there is a reasonable cause for the decrease. Furthermore, Jet Blueââ¬â¢s equity to debt ratio is still below the average which indicatesà on a lower amount of equity financed by banks and is therefore favorable. Jet Blueââ¬â¢s return on equity and net profit margin are in line with the industry average and therefore refer to stability. The net profit margin, and return on equity have all improved over the last three years which indicates on the profitability of the company. The cash coverage ratio has improved as well which refers to Jet Blueââ¬â¢s liquidity. Also the return on assets ratio has been improving and is above the industryââ¬â¢s average (3% compared to 2.46 % in 2013) which refers to a preferable efficiency of the company. The finances seem to show that the company is improving and is stable. Regarding the innovation& learning Perspective it becomes obvious that Jet Blue launched several solutions and systems. The paperless cockpit, for instance, that has been explained in a paragraph above is one of the innovations that Jet Blue launched on the market. In addition, less-congested airports reduced the airlineââ¬â¢s turnaround time. Other innovations that facilitated operations and made services more customer-friendly are the tickets and mileage statements that do not require paper anymore. According to the article ââ¬ËJet Blue airlines: getting over the blues ââ¬Ë, ââ¬Ëâ⬠¦innovation has been everywhere.ââ¬â¢ Subsequent to the operations meltdown and the financial breakdown of the company in 2007, Jet Blue attempted to initiated strategic changes within the company by significant capital reduction from 2010 to 2011, a change of the CEO, a renew in flight expansions, partnering up with former competitors, and selling $42.6 of common stock to the German carrier (Lufthansa). Generally, measurable key performance indicators need to be established in order to evaluate the companyââ¬â¢s performance. The financial ratios are the means within the balanced scorecard to evaluate the companyââ¬â¢s perspective. The customer perspective could be evaluated in terms of market share, customer satisfaction scores, and customer loyalty scores. The internal business perspective can be measured in turnaround rates and completion rates for instance. Number of innovations, an improvement index, or number of employee suggestions can be used to put the innovative& learning perspective into tangible terms. As a result, the company needs to restore customers trust and loyalty, improve on internal operating systems in order to regain former financial strength in the future. Especially, the reliability of the companyââ¬â¢s operating system needs to be secured in order to avoid anotherà major meltdown in the future. Furthermore, the company needs to find adequate strategic changes in order to ensure compliance with Jet Blues current mission, ââ¬Å"Bring humanity back to air travelâ⬠which is currently pursued by a low-cost strategy in combination with a strong focus on customer-services and compare current performance to desired performance, however the companyââ¬â¢s goals and targets do not become clear from the case.
Wednesday, October 23, 2019
Reasons for demanding such course and its effect
Reasons for demanding such course and its effect in the first 10 year time frame Since my infancy, I was profoundly influenced by my father, who was engaged in the area of business.à During the years, I also noted that my passion for the business field arose from other reasons, apart the influence exercised by my father.à Such other reasons mainly comprise the vastness of the topic, which does not consist of a simple equation learned from a textbook. It requires good knowledge on the firmââ¬â¢s strengths and weaknesses, through which one can apply sound judgments and decisions in a highly dynamic and changing market environment.à There is also the issue of managing personnel properly in order to enhance efficiency and effectiveness.à Such fascination in such profession always inclined me to read relevant articles on managerial performance and accomplishments.à For instance, a particular manager that astounded me and boosted my interest was the Wal Mart founder Sam Walton, who out of a mere $6,000 investment was able to create one of the largest corporations in the world.à I also frequently noticed that several entrepreneurs like for example Nike, commenced from an MBA program. In this respect, once achieving the MBA Degree, I intend to gain some experience in management and start my own business.à I know this is a highly ambitious aim, but as Sam Walton frequently stated, one should nurture and follow a dream in a way that it enables him to grow personally in character and mind. Reasons behind succeeding in the course and career pursued My interest in higher education, especially in commerce subjects evolved over time.à Ironically in my younger days, I was not a committed student.à I occasionally turned up home workers and followed readings from textbooks, as instructed by the lecturer.à However, when I commenced working I realized the need of technical competence in business studies.à For instance, one of my great embarrassments was the inability to comprehend the financial statements of the organization I was employed in.à In addition, I noted that my colleagues technical information was far much greater than mine. Through this culture shock, I realized the need of such knowledge.à I started reading relevant textbooks and articles to increase such important know-how.à I also realize that once I am dedicated to an objective, I strive and work very hard for it.à Indeed I did such reading at night after a full day of work.à I believe that such positive feature will assist me to meet deadlines and work under pressure both during the course and at work. I am also a smart doer, who possesses good analytical skills.à Whenever a problem arises, I meticulously examine the situation at hand and consider the possible options carefully before rushing into any drastic conclusions.à If there is no easy way out to such issue, as it happens sometimes, I am frequently inclined to the best option, even though it is the hard way around.à In business administration, taking sound decisions is a critical need.à Also the ability to prioritize the ultimate objective over any hardships that will be encountered is important to reach goal congruence and avoid deviations and conflicts. Methods of communicating and interacting with team members Apart from being a fine doer, it is important that a person is a good listener.à A manager that neglects and/or pays little attention to employee requests is not a good manager.à When one is working in a team, as it frequently happens in business organizations, one should appreciate the fact that the corporate objective is achieved with the help of all the team and not management only.à Sometimes, good ideas come from staff within the team. Therefore a manager should respect the team members ideas at all levels and consider carefully suggestions proposed.à When a good recommendation is given, it should be discussed and examined and if it is a good idea, one should clearly say so even though it comes from a worker.à Indeed, a good idea of communication is the adoption of 360-degree feedbacks. Listening is one of the important characteristics that a good leader should have.à Traditionally, it was thought that a good leader is a born leader.à However nowadays, it is believed that leadership skills can be learned as denoted by Orlitzky M. and Benjamin J. on pages 128 to 138 of their textbook, published in 2003.à Yet, a person that is born with good leadership skills posses an advantage over those who lack and need to learn.à I always exercised positive influence on my friends and induced them to certain actions. For instance, my peers commonly sought my advice on certain matters.à This is thus another important characteristic that can aid in communicating properly with team members.à One last point that I wish to make is that even thought I inherently possess good leadership abilities, this does not necessarily mean that I should not learn to further enhance such skills. References: Ivy League Admissions.à MBA Essay Writing Tips and Strategies (on line).à Available from:à http://www.ivyleagueadmission.com/buswritingtutorial.html (Accessed 18th March 2007). Orlitzky M.; Benjamin J. (2003).à The effects of sea composition on small-group performance in a business school case competition, Academy of Management Learning, Vol. 2, No. 2
Tuesday, October 22, 2019
Protests Of America essays
Protests Of America essays On May 3, 1970 students of Kent State University rallied to protest Nixonà ¹s announcement of war. There was violent protesting all through the night. Windows were broken, cars were destroyed, and buildings were burned to the ground. When the firemen arrived, their hoses were taken by students and used against them. At that point Governor James Rhodes called for the National Guard to come in and protect the campus. The following day Kent State University was under the protection of the Ohio National Guard. Around noon on that day, students protested. They were told to quit, but refused. The first action of the National Guard was to release tear-gas grenades upon the masses of students (Guard Fired in Self-Defense). These grenades were marginally successful, and only caused a temporary retreat. The students then responded by throwing concrete, rocks, and everything else they could find. December 5, 1955 Rosa Parks decides to keep her seat on the bus against a white person. This was the start of the African American protesting for the Civil Rights Movement. Martin Luther King was the leader of this movement by giving great speeches. During his great speech he was shot and killed. Soon African Americans were not segregated. In 1848 Elizabeth Cady Stanton and Susan B. Anthony pressed forward and protested to give women more rights. They wanted women to have the right to vote. They also wanted equal pay for both sexes. Also, they wanted to ban alcohol. With this protesting women have equal rights as men. Women have property rights now, they can vote, Also they can be politicians now. In 1775 the 13 colonies rebelled and protested against they British. This soon led to war and many were killed over differences. American rebelled because of the taxes. Also they had to house and feed the soldiers. The Americans ende ...
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