Business Plan in Bangladesh

Yangon Institute of Economics Department of Management Studies MBA Programme Business Plan for POINT footwear manufacturing and distribution Submitted by : Nay Zar Myo Roll No : 36 15th Batch MBA Plan Outline 1. Executive Summary 2. Company Summary 3. Products 4. Market Analysis Summary i. Market Segmentation ii. Distribution Strategy iii. Market Trends 5. Competition and Buying Patterns Competitive Edge 6. Strategy and Implementation Summary Sales Strategy 7. Management Summary 8. Financial Plan i. Important Assumptions ii. Break-even Analysis iii. Projected Profit and Loss iv. Projected Cash Flow v. Projected Balance Sheet vi.Business Ratios 1. Executive Summary POINT is a recent start-up manufacturer of an upscale ladies foot wear line (in order to substitute Foreign foot wears market) targeted at females between the ages of 16 and 65. POINT not only develops the foot wear line, but supports it with advertising and promotion campaigns. Pyay Lai Manufacturing and Trading Company pl ans to strengthen its partnership with retailers by developing brand awareness. POINT intends to market its line as an alternative to existing foot wear lines, and differentiate itself by marketing strategies, exclusiveness, sophisticated design and technologies and high brand awareness.The key message associated with the POINT line is classy, upscale, versatile, and inexpensive footwear. The company's promotional plan is diverse and includes a range of marketing communications. In the future, the company hopes to develop lines of accessories, raw materials (rubber, leather, velvet) and foot wears for men, women, and children. The Figure is drawn based on the Income Statement of the year 2000, 2001 and 2002 when the company manufactured and distributed only traditional slippers (leather and velvet) for men, women and children. Keys to Success 1. Seek out feedback from our customers (teens and ad

Capital Punishment Should be Abolished essays

Capital Punishment Should be Abolished essays English 128 Whitehead 1 A Moratorium on The Death Penalty Should Be Enacted In Illinois Due to the recent releases of newly exonerated Death Row inmates, individuals and organizations are calling for a moratorium- a cooling off period for state executions. The cases of just a few inmates makes it apparent that this would be a necessary step to save innocent lives. After 17 years in prison, Illinois Death Row inmate Anthony Porter was released from jail after a judge threw out his murder conviction following the introduction of new evidence. This reversal of fortune came just two days before Porter was to be executed. As reported in USA Today, Porter's release was the result of investigative research as conducted by a Northwestern University professor and students. The evidence gathered suggested that Porter had been wrongly convicted. Were these new revelations and the subsequent release of Porter a lucky break or a freak occurrence? Not likely, reports DeWayne Wickham, also of USA Today. He points out that since the reinstatement of the death penalty in the United States in 1976, of those sentenced to death, 490 people have been executed while 76 have been freed from Death Row. This calculates into one innocent person being released from Death Row for every six individuals that were executed. This figure correlates with the 1996 U.S. Department of Justice report that indicates that over a 7-year period, beginning in 1989, when DNA evidence in various cases was tested, 26% of primary suspects were exonerated. This has led some to conclude that a similar percentage of inmates presently serving time behind bars may have been wrongly convicted prior to the advent of forensic DNA typing. Amnesty International, in its 1998 report "Fatal Flaws: Innocence and the Death Penalty", supports the American Bar Association's call for a de...

Respecting Students Is a Must for Teacher Effectiveness

Respecting Students Is a Must for Teacher Effectiveness Respecting students is essential for boosting teacher effectiveness. It seems today that the media jumps at every opportunity to showcase an educator who has made a poor decision in judgment. One of the most prevalent issues highlighted is that of a teacher continuously berating or disrespecting a student or group of students. This type of behavior is unacceptable. All educators expect their students to be respectful to them, but some fail to realize that this is a two-way street. All educators should show their students respect at all times including tense moments of conflict. Conduct a search on Google or YouTube for â€Å"teacher abuse† and the number of examples you will find of such unprofessional conduct is embarrassing to the profession. Educators should be adult enough, professional enough, and smart enough not to conduct themselves in this manner. In an age where every student has a cell phone, it only takes one time to find yourself on YouTube, embarrassed, and out of a job. Teachers must think before they react and choose their words carefully. How to Build Strong, Trusting Student-Teacher Relationships Sometimes we forget where many of these students come from and the situations that they deal with on a daily basis. School should be a safe haven and kids should trust all of their administrators, teachers, and staff members. Every kid is different and these differences should be embraced. If all kids were the same our jobs would be boring. It is important to realize that there are tremendous differences between each individual student and with each individual class. A 3rd grader cannot handle what a 6th grader can handle and so on. Try to have patience and understanding when dealing with a student. Before you say anything, take a deep breath, think about your response, and choose your words carefully. Your tone matters as much as what you say. We expect our students to be respectful to us and we should, in turn, be respectful to them at all times. This isn’t always easy, but you must always handle interactions with students in a positive manner. You should never berate or embarrass a student. It is best to address them separately from the class. The key is to talk to them, not down to them. Kids are going to make mistakes. It would be ignorant to think that they won’t. You are setting yourself and them up for failure if you do. There is a difference between having high expectations and having unrealistic expectations. Preconceived notions can and will destroy a relationship with a student. Everyone deserves a second chance. Allow someone this chance and you will find that they will surprise you more often than not. Educators should always strive to build positive, trusting relationships with their students. Some of these relationships take time to build and others are relatively easy. Respect is always the key. A teacher becomes so much more effective when they can earn a classes respect. Reasons Why Teachers Lose the Respect of Their Students There are several things that a teacher can do to lose their students’ respect. Doing any of these things can lead you on a path towards disaster. It is best to avoid the following practices: Never treat students differently based on personal interests.Do not create rules that can be perceived as unfair.Never misuse your authority.Do not ignore a student.Never avoid smiling and being friendly with your students.Do not yell or scream.Do not have a negative attitude on a consistent basis.Do not be afraid to apologize or admit when you make a mistake.Never become friends with students when they are in your class.Never give control over to your students.Do not be hypocritical.Do not say anything that you would not want to be recorded and played back.Do not humiliate or berate students in an attempt to get them to behave.Never use sarcasm.Do not use profanity.Do not violate a student’s personal space.Do not gossip, discuss, or complain about other teachers in front of your students.Never issue vindictive or counterproductive threats.Do not hold things against a student that is beyond their control. How Teacher Can Earn Their Students Respect There are several things that a teacher can do to earn their students’ respect. Doing these things will lead you on a path toward mutual respect and it will maximize a teacher’s overall effectiveness. It is best to engage in the following practices: Have a Positive Attitude: An educator who has a positive attitude toward their students and their job will be more effective. All of us have bad days, but we should still strive to remain positive even on our worst days.Be Consistent: Students must know what your expectations are on a daily basis. Be inconsistent will lose their respect and attention faster than just about anything.Be Fair: Treat every student the same when dealing with the same situation. Giving out a different set of consequences for the same actions will undermine your authority.Have a Sense of Humor: Having a sense of humor can be disarming. Students will naturally look forward to coming to your class and learning if they know that you aren’t uptight and rigid.Be Flexible: Teachers that aren’t flexible are setting themselves and their students up for failure. Things happen in life that is beyond anyone’s control. Be sensitive to every situation and be willing to adapt and veer from your sched uled plans when necessary.

Finance and Investment Research Paper Example | Topics and Well Written Essays - 1500 words

Finance and Investment - Research Paper Example 9 331,434.00 12% 10 371,207.00 12% 11 415,752.00 12% 12 465,642.00 12% 13 652,519.00 12% 14 584,101.00 12% 15 654,193.00 12% 16 732,696.00 12% 17 820,620.00 12% 18 919,094.00 12% ii) The present value amount of option B 125,000.00 x 7.22497 = 906,212.50 iii) The equivalent rate of return 906,212.50 - 900,000.00 = 6,212.50 f. i) Cash flow diagram if Mr. Gordon accepts Option C. (principal + interest) No. of periods payments %rate 1 122,100.00 11% 2 135,531.00 11% 3 150,439.00 11% 4 166,987.00 11% 5 185,355.00 11% 6 207,598.00 12% 7 232,510.00 12% 8 260,411.00 12% 9 291,660.00 12% 10 326,659.00 12% 11 365,858.00 12% 12 409,761.00 12% 13 458,932.00 12% 14 514,004.00 12% 15 575,684.00 12% 16 644,766.00 12% 17 722,138.00 12% 18 808,795.00 12% ii) The present value of option C 110,000.00 X 7.2497 = 797,467.00 iii) The equivalent rate of Gordon from option C 900,000.00 - 797,467.00 = 102,533.00 g. I have to choose option B because for Mr. Gordon because as the graph or diagram clearly states that Mr. Gordon would be receiving more that option A or C. h. i) Cash Flow Diagram if Gordon accepts option C no. of payments payments %rate 1 122,100.00 11% 2 135,531.00 11% 3 150,439.00 11% 4 168,492.00 11% 5 687,026.00 ii) Present value of option C 110,000.00 X 3.1024 = 341,264.00 j. i) If I were asked by Mr. Gordon my opinion on what option would I advice him, My recommendation would be...He can spend his money in a more relaxed manner because it would be more that what he'll be needing. It is just like saying that he had his money invested wisely through his contributions during the 35 years that he spent working. Outlay should be ignored. The initial capital or investment for the machine is, $150,000.00. I assumed that the company has enough resources ot cover for this. After tax annual cost of continuing to buy the self sealing container. b. i) Based on the information, presented, system B should kylie recommend for purchase by company. This system has a scrap value/ salvage value at the end of useful life. The system will still be valued in the end. Besides, this system has a lower cost of operation, and repair and maintenance, which means lower expenses for the company that will result to higher income revenue ii) Since the company is all equity financed, it very possible to accept both quality control systems. Acquiring both systems is costly, but the gains that will be incurred by the manufacturing company will definitely give back the costs of acquiring the two systems. It will also not be a problem to accept both because dividends paid to shareholders are at a lower rate per share.

What Specific Benefit Does Knowledge Management Software Add To A Essay

What Specific Benefit Does Knowledge Management Software Add To A Global Organization - Essay Example Technology may be central to companies adopting a global strategy. To discuss the benefits of using software in knowledge management tt should be mentioned that knowledge management means storing and sharing the wisdom and understanding accumulated in an organization about its processes, techniques and operations. It treats knowledge as a key resource, and software becomes a way of sharing this knowledge. Knowledge management software helps to connect people in global organization who operate in a distance, and has no opportunity to use printed matters or other sources. Knowledge management is as much if not more concerned with people and how they acquire, exchange and disseminate knowledge as it is about information technology. That is why it has become an important area for HR practitioners, who are in a strong position to exert influence in this aspect of people management. Software in KM can benefited in any process or practice of creating, acquiring, capturing, sharing and using knowledge, wherever it resides, to enhance learning and performance in organizations (Kucza, Komi-Sirvio,2001). MK software and the Internet world is growing fast and is becoming the integral part for many global organizations which create "portals to facilitate collaborative among workers involved in product development" (Moore, 2001). Internet rationalizes the expensive and cumbersome proposition of large-scale service. MK software serves to reduce at least the appearance of risk associated with time-space distanciation and the opacity of the expert system. In the global organisation managers need to implement a system that is much like a traditional library - it must contain a large cache of documents and include search engines that allow people to find and use the documents they need. In the personalization model, it's more important to have a system that allows people to find other people. In the light of this KM software is viewed as a means of communication and as a means of storing knowledge. Knowledge management is more about people than technology. A preoccupation with technology may mean that too little attention is paid to the processes (social, technological and organizational) through which knowledge combines and interacts in different ways. The key benefit is the interactions between people. This constitutes the social capital of an organization, i.e. the network of relationships constitute a valuable resource for the conduct of organizational affairs. Organizational networks can be particularly important in ensuring that knowledge is shared. What is also required is another aspect of organizational capital: trust. People will not be willing to share knowledge with those whom they do not trust, but KM software helps to reduce this risk to a minimum, and in some cases even encourage employees to be more active and participate in current affaires (Card, 1991). Another benefit of KM software is possibility to inhibit knowledge sharing in the culture of the company. The norm may be for people to keep knowledge to themselves as much as they can because 'knowledge is power'. An open culture will encourage people to share their ideas and knowledge. KM software helps to develop an open culture in which the values and norms emphasize the importance of sharing knowledge. On the other hand it promotes a climate of commitment and trust. As the most important KM software can help to

Assignment3 Essay Example | Topics and Well Written Essays - 750 words

Assignment3 - Essay Example Sometimes, the concoction, instead of taking the condemned to a state of unconsciousness, merely paralyses them, with the person dying feeling the excruciating pain of their heart stopping, but unable to speak out because of their paralysis. If this is not torture, what is? We as a nation are firmly against torture, therefore, it is surprising that we are silent about the torture of our own people. The state-sponsored murder, as some people refer to capital punishment, leaves the door open for punishing the mentally disabled for their crimes. The recent case of Theresa Lewis’ execution in Virginia is testament to that. Not only was the woman borderline retarded, with an IQ of about 71, what is more, she was not even the one who carried out the killing. However, as the option of capital punishment was available, she was put to death. This is not in line with the ethics that we hold dear, and we should speak out against it. This is just talking about those who are, indeed, guilt y. What about the case of people who are convicted wrongfully? Our criminal justice system is not perfect. There are many flaws and often emotions involved in the case end up causing a bias. The police, if under pressure, have been known to look for scapegoats to protect their reputation. Consequently, someone innocent may not only be charged, but convicted of the crime as well. There have been many cases where evidence emerging later on proved that the conviction was wrongful. It is one thing to take someone’s freedom wrongfully, and quite another to take his or her life. The former is a travesty of justice too, however, a man wrongfully sent to prison can be set free. Can those mistakenly executed by the State have their lives back? Moreover, the lengthy appeal process that goes hand in hand with a sentence of death incurs a lot of expense on the exchequer. Millions of tax dollars, that you and I pay, are spent in the appealing and re-appealing process. A sentence of life i mprisonment can save the public exchequer money, as it does not involve such a lengthy appeal procedure. Though those who favor death penalty talk about a deterrent effect of the capital punishment, yet research shows that such a view is oversimplified. There is no way that only one factor effects the rate of crime in any community. There are various social and economic factors that go along with a society’s rate of murder, and the death penalty is not one of them. What is more, countries where the death penalty has been abolished have lower crime rates than those States of our country where it is still practiced. Ask any of those supporters if they are willing to condemn a person to death by serving on a death-penalty jury, and I am sure you will see reluctance as well as unwillingness. Ours is the only Western nation, and other than Japan, the only developed country to allow and implement such a barbaric punishment. The European Union law has completely abolished the death penalty, and it is a shame that though as a nation uphold ideals based on human ideals and human rights, allow a cruel and unusual way to punish our own. That we allow this barbarity to be done on a State level is a slight to our civilization. All of us should unite in speaking out against this torturous punishment. We should write to our Congressman or

Managing human resource

Managing human resource Managing human resource Organizations and corporations are multifaceted. Such complexity within a business necessitates the need to strategic approach to the management of the employees, whose task is to enable the business to achieve its objectives. Human capital is an imperative asset of an organization and proper use of a potent assent can construct a successful and resourceful organization. In an organization, human capital can make or break an objective or a strategy. The human resource department is the most important departments of an organization. Almost all activities directed at attracting, developing, and maintaining effective workforce are implemented in this department. The functions of human resource management are, but are not limited to, hiring the right candidates, at the right time, and at the right price. It also involves training the existing employees, motivating them to give the best to the organization, resolving conflicts, discipline the employees who violate the organizations rules and regulation, as well as downsizing of the staff strength. Managing human resource is difficult as the job deals with solely installing the organizational culture into employees and keeping them happy in the work environment. In essence, this can be accomplished in theory, but is quite difficult in practice. The different aspects of human resource management can be broadly categorized into recruitment and selection, performance management, benefits and compensation, disciplinary and grievances, labor relation, and manpower planning. Recruitment involves the process of advertising job through magazines, newspaper, headhunting, employment agencies, internal sourcing, and organizations newsletter. The purpose of recruitment is to attract as many candidates as possible, to enable the organization pick the most talented and motivated workers. The aspect of recruitment should be taken serious by human resource managers as the employees have to be suitable for the job so that their contribution can earn the organization long-term security in a framework of maximized profit. A good way of managing human resources involves succession planning, making sure that the company never runs out of right persons for any position, should any position fall vacant. In addition, through a systematic training and development, a talented-lowly paid worker can reach a senior management level. Training of employees is a crucial task in an organization, to ensure that the workers can do their job effectively and efficiently. The employees salary and compensation schemes should be competitive in the industry to keep them motivated. In addition, the department provides advice to employees seeking information about insurance and other schemes. In an organization, the performance system appropriately reviews and rewards the employees accordingly. Human resource managers have to know how to reward the different staffs holding different position. Every organization has rules and regulations; it is the role of the human resource managers to ensure that employee knows when he goes wrong, and to punish him accordingly. The punishment administered may involve verbal warning, written warning, demotion, and dismissal. However, aggrieved cases should be handled in this department. Matters involving employees can also be addressed by the labor union. An organization should serve as a bridge between the union and its employees, and work toward resolving such conflicts to minimize strained labor relationship. The human resource team has to conduct the manpower planning for the future. If the company is suffering from excess manpower, the human resource department has to work with severance package, and conduct retrenchment exercise. Managing human resources is part of business management. It involves resources planning, strategic planning, and dealing with human emotion. Whilst there may be other roles included with the human resource management package, those outlined above are considered to include the most important aspects that serves the employees for the best outcome in the company.