Financial Reporting and Analysis Essay Example | Topics and Well Written Essays - 1000 words

Financial Reporting and Analysis - Essay Example NBA franchise and other intangible assets have a value of $164,703 $164702 and $165 035 in years 1996, 1997, and 1998 respectively. This shows that the method of amortisation reflect the pattern of the usage of assets in generation of income. NBA intangible assets are defined in cost less amortisation that has accumulated. Straight line method spread over the useful estimated lives of the intangible assets which is generally 3-7 years provides the amortisation. b) Discontinued operations are referred to as parts of an entity that has been sold or has been put into held for sale grouping. While evaluating the future success prospects of an organization, an investor who has existed or a potential investor who will invest in future would remove the discontinued operations from consideration because these items have no bearing or effects on the future. The concern of the management is that some operations are discontinued to improve the results of the continuing operations. The operation s and cash flows of the part has been removed from the ongoing operations and the entity will not have a significant involvement in the operations of the discontinued part after the transaction of disposal is made. c) Team costs and expenses increased between 1996 and 1997 from $27,891,264 to $40,941,156. This is because of after discontinuing some operations, it would require a major effort to re-establish the operation and requires significant effort and budget to continue the operations as before. This may need extra marketing, extra staffing. There can be a possibility of increase in the cost of living between the two years which would subsequently raise the amount of team costs and expenses. d) Net income was $420,306 and $12,267,317 in year 1997 and 1998 respectively. This was a hefty rise in the value of income. This is because of higher revenue that was gained. Higher revenue resulted from ticket sales and also from Television and radio broadcasting fees in 2008. By constant winning of games, heavy promotion and advertisement through the television and broadcast and also through reaching a wide fan base by selling many tickets resulted to the higher income. Through maintaining lower expenses such as team costs and expenses, selling and promotion, general and administrative in the year 1998 resulted to an increase in net income. e) Noting that net income was higher in 1996, distributions declared were higher in 1998 than in 1996, with $0.50 per unit. Distributions are that portion of corporate profits that is made by a corporation to its shareholders. Net income can either be re-invested in the business or distributed to stockholders. In 1996, the main source of the net income was from the discontinued operations income. This income was better invested back to the business instead of distributing it to the shareholders. This would help avoid double taxation and be realised as capital gains. Case 10-7 Cash movements and Periodic Income Determination a) I ncome determination is not an exact science. It is the best estimate of determination of what will be the base of individuals’ income on the evidence the individual presents. The base period can be the month for which revenue verification and identification of an individual is a requirement. Month’s income is used for the projection of income. Income averaged and a conversion factor can be used to reach at a quantifiable monthly income. b) Cash flow estimation is the prediction whose main purpose is the anticipation of the disbursements and receipts of cash. It is a fixed amount of time that it covers. Cash sensitivity and aggressiveness determines the penetration

Final Project Outline Essay Example for Free

Final Project Outline Essay 1. Slide One (Introduction): â€Å"Should there be a set of uniform moral standards?† Speaker Notes: With the way the worlds is today and as the younger kids begin to mature, they have not been taught morals and if they have been taught morals, they seem to leave them at their door step as they venture out into the world of society. In order for society to live in peace and harmony, the United States would need to create uniform moral standards where everyone would have the expectation of abiding by the standards supported by laws. 2. Slide two: Moral Standards Speaker Notes: Morals are described as how people should behave when it comes to right and wrong. Some moral standards could be absolutely no prejudice, absolutely no lying, and people must treat other people with respect and courtesy. 3. Third slide: Levels of punishment. Speaker Notes- Levels of punishment should vary based on the crime committed. When one has a first time offense, one should receive a lower level punishment verse someone who continues to be a repeat offender, which would deserve the maximum punishment. I strongly believe that if a set of uniform moral standards were put into place the world would be a better place. Crime and corruption would be down. Maybe they should think about the way that foreign countries have a â€Å"set of uniform moral standards,† such as if someone is caught stealing they lose a finger. There will always be people who will disagree to the standards but that is to be expected because some people just are set in there ways but that comes with the territory and they deal with the issues now so what would be the difference? 4. Fourth slide: Deciding Moral Standards Speaker Notes- Based on a voting system, a sheet containing morals standards would be dispersed and the ones that not voted for would be taken off the sheet. After a final review and decision, the U.S. would forward the sheet to Congress for a concrete decision and then become a law. 5. Fifth slide: Society and Moral Standards Speaker Notes: Society and Moral Standards would have to be implemented and given a chance to work before a proper judgment could be decided. Until this happens they would be looked at in a negative way. Even though our country is in an economic crisis, others are still moving here because their country is in worse shape than ours. With the way of the world today people are just walking around in a self-centered mode worrying about them and having no conscience of their moral or ethical accountability. Negativity seems to plague this world like a man-made disease. 6. Sixth slide: Retribution Speaker Notes: This seems to be the only way to get people to understand what is going on. Standards have to be set and followed and if they are not followed or laws are broken then the responsible parties that are disobedient to the laws or standards have to be held accountable and punished to be taught a lesson and possibly send a message to future people who intend to do the same. 7. Seventh slide: The Supreme Court Speaker Notes: Beings that the Supreme Court is the highest ranking court in the U.S., having them make the final decision on moral standards will send the message that the standards are set in stone and are not open for review. This gives the people a chance to vote and set their own standards that they themselves have voted in and must abide by. 8. Eighth slide: Immanuel Kant (1724-1804) Speaker Notes: Immanuel Kant (1724-1804) created the â€Å"Categorical Imperative†, in which he believed that practical reasoning, free will, and necessary action are what drives a person to do what they feel is right. 9. Ninth slide: John Locke (1632-1704) Speaker Notes: The freedom of religion and natural rights was promoted and endorsed by John Locke who was a huge activist. He felt that survival continued to breathe because of following God’s law that coincides with a  natural moral law. He was a firm believer of â€Å"do unto others as you would have others do unto you.† If people continue to live right then eventually God’s law will prevail. 10. Tenth slide: St. Thomas Aquinas (1225-1274) Speaker Notes: St. Aquinas was a Christian who made the Five Ways. These ways were a way that this philosopher looked to prove that God was real. Being a believer in God this philosopher had faith in what was right and what was wrong. Cosmological argument, moral argument, and the argument of design made up the Five Ways that this philosopher created. 11. Eleventh slide (conclusion): Speaker Notes: I strongly believe that if a set of uniform moral standards were put into place the world would be a better place. Crime and corruption would be down. Maybe they should think about the way that foreign countries have a â€Å"set of uniform moral standards,† such as if someone is caught stealing they lose a finger. There will always be people who will disagree to the standards but that is to be expected because some people just are set in there ways but that comes with the territory and they deal with the issues now so what would be the difference? No matter where we go in this world there will be people who have good morals, bad morals, and some just will not care. The bottom line is as a living species on this earth one must be able to improvise, over come, and adapt to their surroundings whether it is to their benefit or not. Moore Bruder, 2008 Retrieved September 15, 2010 from Axia College PHI105 website

lorraine hansberry-an annotated bibliography :: essays research papers fc

Lorraine Hansberry: An Annotated Bibliography   Ã‚  Ã‚  Ã‚  Ã‚  Lorraine Vivian Hansberry was born May 19, 1930 in Chicago and raised in a middle-class family. When Hansberry was only eight years old she had her first experience with civil rights. Her father fought a lengthy legal battle in the late 1930’s against harsh covenants which kept Chicago’s blacks in the ghettos. To make a statement the family moved into an all white neighborhood which was against the law at that time. The house was often vandalized and the children were faced with hostility as they walked to and from school. Hansberry’s father fought the city’s Jim Crow laws all the way to the Supreme Court and won. This whole experience would later serve as an inspiration for Lorraine Hansberry’s play â€Å"A raisin in the Sun†.   Ã‚  Ã‚  Ã‚  Ã‚  Hansberry attended the University of Wisconsin for two years and then studied painting in Chicago and Mexico, before she realized she had no talent for it. Moving to New York in 1950, she held many jobs, while perfecting her skill as a writer. Hansberry said, â€Å"A woman who is willing to be herself and pursue her own potential runs not so much the risk of loneliness as the challenge of exposure to more interesting men- and people in general†. She became involved in the civil rights movement and married a white jewish man; their marriage would only last a few years before Hansberry began exploring her feelings for women. She joined the Daughter of Blitis, a pioneering lesbian organization and had two letters published in their journal, â€Å"The Ladder†. However, it was for her play â€Å"A Raisin in the Sun†, that she received her praise.   Ã‚  Ã‚  Ã‚  Ã‚  Hansberry was the first black to direct a play on Broadway since 1907. â€Å"A Raisin in the Sun† won the New York Drama Critics’ Circle Award. Hansberry was also named

Developing Customer Relations Essay

1.0 Introduction Customer service is the provision of service to customer before during and after a purchase also it’s the ability of an organisation to recognise and consistently meet its customers’ need Employees may find them self in a situation that they sold a product and the customer is been arrogant saying it is faulty they need to stay calm 2.0 Providing Customer Service A new employee can provide good customer service by been well presented on their first day and wearing their uniform appropriately greeting the customer politely. 3.0 Presentation Skills In this section I am going to say why presentation skills are important to customer service Skill Why it is important As this is merit grade work, I need to expand each box. You need at least three points for each on why this is important Examples from business You need a couple of examples from businesses in each box Personal presentation e.g. personal hygiene, uniform/ dress, hair, makeup jewellery The way an employee presents himself identifies who they are. It is important because your presentation of your self and the business is the customer first opinion if they business is dirty then the customer wouldn’t come there again Customers in Tesco & Sainsbury’s wear uniform to make them look smart and they have to wear the uniform properly for example an employee might wear his uniform but not wear it smartly like not tucking in his shirt in companies like B & Q the employees dress to stand out by wearing bright orange Also in the police force it is required to wear uniform Body language e.g. posture, facial expression, smiling, gestures, eye contact Body language has an impact on the customer’s perception of how friendly the staffs are. The body language of an employee is important because it shows how the employee feels about the customer and how approachable they are If a customer ask a staff in a company like Primark â€Å"where is the T shirts† and they are frowning it means the staff there is unfriendly In JD Sports if it is empty and there are no customers in there and the employees have a conversation then a customer comes in and has a query, the employee might frown when he comes in because he is interrupting his conversation Presentation of work area and equipment The presentation of the work area shows how prepared the staff are and how good the environment, it is important because it shows how prepared they are to start business and also the presentation shows how hygienic they are If in McDonalds the tables are dirty it will put off customers and they wouldn’t eat in there Greeting Customers, Courtesy, Confidence, Interest, Thoughtfulness It is important because it shows that the employee cares that a customer is there and it makes the customer feel welcome If you greet a customer every time they come in to your business they would attract more customers to your business by telling them how polite employees in the business are Responding to different customer behaviour, Tact, Efficiency It is important to adapt to different customers and situation because all customers aren’t the same and they will have different attitude towards the employee/ business If a customer complains about how bad service is and you respond to them quickly it would show that you’re sorry Of voice, pitch, language e.g. technical language, use of slang How you communicate to customer is important because all customers are usually different e.g. you talk to old people different from teenagers When you talk to an old lady you talk slowly so they can hear you properly but when you are talking to teenager you can use some slangs Also in a company like Pc World if someone was about to buy a computer you would speak to them in technical language e.g. the computer has 512mb ram e.t.c and if the customer doesn’t understand it you explain to them Listening, body language, appropriateness to customer situation Your listening skills to a customer is important because if you don’t listen to them while you are talking to feels rude and employee should be able to adapt to different situations because there are different kinds of customers If a customer asks a question like where is the toilet and you keep on telling them to repeat it. They wouldn’t come back again to the business. Also there might be 4.0 Interpersonal Skills In this section I am going to say why interpersonal skills are important to customer service. Interpersonal Skills relate to the way you behave when you are dealing with other people and they are important because it makes communication clear. Attitudes, Behaviour, First impression are aspects of interpersonal skills The attitude of a staff to customer the first time they come in matter because that is their first impression and that’s what they will tell other people about the business In a Supermarket if a customer asks where an item and the employee replies â€Å"go away† is to the customer it will put them off and they wouldn’t come back Behaviour this is closely linked to attitude because this influences what you do and why you do it. A friendly person will normally behave in a cheerful way also if u enjoys working with people you will normally behave in a courteous and thoughtful way 5.0 Communication Skills In this section I am going to talk about communication skills Communication Skills are important to customer service. It is crucial that information is clear and accurate. In customer service employees must be able to explain company’s policies to customers and answer question about product and service. Tone, Pace, Pitch of voice, Slang and Listening are aspects of communication skills Tone is difference between the way you talk to a supervisor and your friend. Tone is how informal or formal you are and the tone of your voice Slang includes word used informally such as waste of space, chill. None should be used in business when talking to an external customer. Pace relates to the speed at which you speak and should be varied depending on your audience. Listening skills are invaluable in business particularly in the following situations e.g. when a customer is telling you about his or her needs or preferences, when you are been given information to give to someone. Pitch of voice relates to how you sound. A low pitched voice is deep and gruff, a high pitched voice easily sound shrill. Varying your pitch makes you sound more interesting and enables you to hold people attention better if you speak in a monotone 6.0 Customer Service Situations I am going to explain which skills are important in the following situation face to face, on the telephone, email, urgent situations, and difficult situations; either it is Interpersonal Skills, Presentation Skills, Communication Skills. Face to Face: I assume communication skills are the most essential skills when an employee is facing a problem face to face because although your presentation and interpersonal skills is important the employee is facing them and the way he communicates matter. The most important communication skills is their listening skills because it will show how effective they are to deal with the problem Telephone: I assume communication skills are the most essential skills when an employee if dealing with a problem on the phone because

Franklin D. Roosevelt: Creative Leadership in a Lifetime of Public Service

Franklin D. Roosevelt: Creative Leadership in a Lifetime of Public Service Leading the United States of America through an economic crisis and a world war, Franklin Delano Roosevelt demonstrated the traits of a creative leader not only in his policy-making, but also in the way he carried his image. From State Senator of New York to 32nd President of the United States, Roosevelt epitomised resourcefulness in his steady ascent of the political ladder, culminating with taking charge of the country during one of the toughest times it had ever experienced.Over the course of his leadership, Roosevelt certainly gained – if not already possessed – the domain knowledge required to generate creativity in his field of politics. In fact, he was primed for a career in public service even since his early education Roosevelt first entered the face of American politics in the State Election of 1910, running for the New York State Senate. In his second term, he served as chairman of the Agriculture Committee, passing effective farm and labour bills.This success was to some extent a precursor of his New Deal policies (to be discussed in greater detail later), which despite imperfections were reflective of creative leadership in the aspect of Dr Ronald Heifetz’s â€Å"adaptive work†. Following this, in 1913, Roosevelt was appointed Assistant Secretary of the Navy – a role from which he gained experience that would prove relevant in his later years as Commander-in-Chief during World War II. Although traditionally the prerogative of the Secretary rather than the Assistant Secretary, he worked on the general development of U.S. naval policy, and his advocacy for a â€Å"big navy† earned him support from Navy personnel. As State Senator, Roosevelt openly opposed the Tammany Hall political machine; as Assistant Secretary of the Navy, he opposed Frederick Taylor’s â€Å"stopwatch† system towards industrial efficiency. In both posi tions, his stand inevitably favoured certain stakeholders and incensed others. Although this meant losing support from some people, it represented creating the â€Å"disequilibrium† that Heifetz describes as necessary for mobilising adaptive work.Roosevelt was hence able to effectively â€Å"orchestrate conflict and create disorder† in order to achieve greater overall progress. Roosevelt was a leader who avoided letting his personal life affect his political career. In the summer of 1921, he contracted poliomyelitis, which resulted in permanent paralysis from the waist down. However, Roosevelt was adamant about preserving his image of health to the people, which he believed was necessary to run for public office again.He made sure that the press presented him in a manner which did not highlight his disability, and refrained from being seen in his wheelchair in public. In doing this, he protected his status as a leader in the eyes of the people, rather than allowing his illness to undermine his ability to serve in public office. Roosevelt went further to establish the March of Dimes, a non-profit organisation seeking to combat polio. He was hence able to turn an adversity on its head and generate even greater public support from it instead.In the 1920s, Roosevelt mended fences with the Democratic Party, and moderated his stance against the Tammany Hall machine. He went on to be elected as Governor of New York in 1928, and re-elected for a second term in 1930. While in that position, he instated several social programmes such as the New York State Emergency Relief Commission. In line with the importance of working with partners that Heifetz emphasises in his book, Leadership Without Easy Answers, Roosevelt worked closely with Frances Perkins and Harry Hopkins, particularly in the aspect of solving America’s economic problems during the period.Roosevelt also made the key statement that â€Å"progressive government by its very terms, must be a living and growing thing†, presenting governance as a conceptual space that could be explored and transformed, and once again relating to Heifetz’s â€Å"adaptive challenge†. When Roosevelt was elected President in 1932, the United States was struggling under the Great Depression, which began even while he was Governor and involved a stock market crash and soaring unemployment. It was on this backdrop that Roosevelt introduced the New Deal, a series of economic programmes to tackle the problems during this difficult period.Within his â€Å"First 100 Days†, he passed various programmes through Congress, setting up the Civilian Conservation Corps, the Tennessee Valley Authority, and the Emergency Banking Act among many others. Roosevelt made his mark on the history of American politics in this record number of bills passed during the initial months of his Presidency; since then, U. S. Presidents have been judged by what they achieve in their first hundred days. Roosevelt entered the Presidency with immense political capital due to the urgency of the economy’s state, and effectively capitalised on this to implement creative policies.In the â€Å"Second New Deal† (1935-1936), he went on to propose bolder and even more initiatives, such as the Works Progress Administration and the Social Security Act. The latter, in fact, set the foundation for the framework of the U. S. welfare system which exists till today. Roosevelt was willing to take risks; he implemented policies which involved significant government intervention at the expense of a budget deficit, even though he knew this would be unpopular. He was aware that leadership was not merely about appeasing the people, but required tough measures in response to the situation at times.Although his New Deal policies met criticism as being a haphazard collection of schemes, Roosevelt himself insisted that they were â€Å"the orderly component parts of a connected and logica l whole†. Either way, we must recognise that the economic climate at that time was extremely volatile, and in reacting spontaneously to unfolding events rather than strictly adhering to a set plan, Roosevelt was doing exactly what Heifetz describes of creative leaders – bringing adaptive work to the people, and mobilising it towards solutions. Roosevelt also found a novel way of addressing the people through a series of radio talks called â€Å"fireside chats†.Through these, he introduced and explained the policies to the people as they were being implemented. He knew that transparency was important, and even as he passed acts which allowed greater state intervention in the country’s social and economic affairs, he made clear to the people what he was intending to achieve with these initiatives. His policies were met with mixed reviews, but ultimately, most agree that this era was an important milestone in the progress of the U. S. political and economic s ystems. In 1940, Roosevelt became the first President to run for a third term, going against the unwritten rule of a two-term tradition.By this time, World War II had broken out. Roosevelt, as President, gave covert support to Britain and France in the form of arms provision despite officially stating neutrality. Eventually, while still remaining detached from actual military participation, he passed the Lend-Lease Act, essentially providing supplies to the other Allied nations at war. This was an innovative measure on Roosevelt’s part to support the Allied Powers against the Axis Powers without putting his own country in direct harm. Unfortunately, such a position can only remain temporarily, as the U. S. was clearly demonstrating its alliance.Unsurprisingly, the Japanese attacked Pearl Harbour on December 7, 1941, drawing the U. S. inescapably into the war. Not having fully recovered from its economic woes, being forced into combat was a heavy blow to the U. S.. Even in the throes of war, however, Roosevelt was successful in â€Å"externalising the conflict†, focusing on the Axis Powers as the enemy and keeping himself out of a position of blame. The situation also drove Roosevelt to establish the United Nations – originally the 26 countries opposing the Tripartite Pact represented by the â€Å"Declaration by United Nations†.Although not entirely a case of historical creativity, the coalition of governments across this large a number of nations was certainly a visionary initiative by Roosevelt. The UN has since grown into one of the most prominent international organisations. Roosevelt was definitely a man who saw purpose in his public service. Just before his death in 1945, he entered an unprecedented fourth term as President. His commitment was reflected in his continuous political presence and effort to evoke positive change in systems, even in times when support for him was low.Roosevelt incorporated wit when he was addressing the people, and maintained his dignity till the very end. Although it is impossible for all of his policies to have succeeded, especially considering the sheer multitude of new programmes and magnitude of fundamental change instigated during his time, Roosevelt did display fluency and flexibility – in that he generated a large number policies in a wide range of categories – as well as originality and the capacity for elaboration in his intricate plans. As one of the most influential figures in American history, Franklin D.Roosevelt definitely embodied the essence of a creative leader. ——————————————– [ 1 ]. â€Å"Groton School. † Theodore Roosevelt Center. Web. 27 Sept 2012. . [ 2 ]. Burns, James MacGregor. Roosevelt. Vol 1. New York: Easton Press, 1956. Print. [ 3 ]. â€Å"American President: Franklin Delano Roosevelt: Life Before the Presidency. † M iller Center. Web. 27 Sept 2012. . [ 4 ]. LaCerra, Charles. Franklin Delano Roosevelt and Tammany Hall of New York. Lanham, MD: University of America, 1997. Print. [ 5 ]. Heifetz, Ronald. Leadership Without Easy Answers.Cambridge, Mass: Belknap Press of Harvard University Press, 1994. [ 6 ]. Chen, Deborah. â€Å"The Embodiment of an Illness: Franklin Roosevelt's Public Representation of Polio. † Deliberations. (2001) Web. 26 Sep 2012. . [ 7 ]. Rose, David. â€Å"A History of the March of Dimes. † March of Dimes. 26 Aug. 2010. Web. 27 Sept 2012. . [ 8 ]. Pederson , William. A Companion to Franklin D. Roosevelt. Wiley-Blackwell, 2011. Web. [ 9 ]. Theinl, Kevin. America’s Great Depression and Franklin D. Roosevelt’s attempt to reorganize the market with his New Deal. GRIN Verlag, 2011.Web. [ 10 ]. Boden, Margaret A. â€Å"What Is Creativity. † Dimensions of Creativity. Cambridge, MA: MIT, 1996. Print. [ 11 ]. â€Å"The First Hundred Days. † US Government Info. Web. 27 Sept 2012. . [ 12 ]. â€Å"The New Deal. † 123HelpMe. com. 27 Sep 2012. . [ 13 ]. Burns, James MacGregor. Roosevelt. Vol 1. New York: Easton Press, 1956. Print. [ 14 ]. Heifetz, Ronald. Leadership Without Easy Answers. Cambridge, Mass: Belknap Press of Harvard University Press, 1994. [ 15 ]. Boden, Margaret A. â€Å"What Is Creativity. † Dimensions of Creativity. Cambridge, MA: MIT, 1996. Print.

The Pfizer Company Business Model

The Pfizer Company Business Model Customer value The value the company attaches to its customers contributed to its thriving into limelight of drug business in the year 1941. This was due to the mass production of penicillin which saved many lives during the World War II. This was then later followed by the manufacture of Viagra. Advertising We will write a custom essay sample on The Pfizer Company Business Model specifically for you for only $16.05 $11/page Learn More Before the firm developed Viagra, it had to create around 1,500 chemicals, tested their effectiveness as compared to previous drugs and finally screened them to come up with the best quality for the consumers (Magretta 3-8). The firm also went as far as researching to find out which of the age groups suffered most from the erectile dysfunction (Hedman). The Viagra invention had the ability to cause erections only during sexual stimulation. This was contrary to other injection therapies provided by other companies which at time s induced the patient to prolonged erections, making the patient uncomfortable. Hence, the invention of Viagra was so much encouraging to the consumers who expressed their willingness to continue with the treatment as it satisfied their expectations. The firm had a stated maximum prescription for each patient diagnosed with erectile dysfunction, this ensured reimbursement of up to 6 tablets per month for each patient 18 years and above. The plan ensured that consumers were protected from any form of misuse of the drugs and danger (Mahadavan 4).The use of Viagra was dropped from the formularies since it became one of the lifestyle drugs. This helped majority to cut on Medicaid expenses. The introduction of online sales made it possible for the company to reach so many customers within the shortest time possible. This helped in increasing the revenues of the firm; this included the consultation and the shipping fee offered by the company which was averagely $ 715 for one year supply (Magretta 3-8). Capabilities The Pfizer firm recorded the highest earnings growth in the Pharmaceutical industry, which was rated at 25% between 2000 and 2002. This growth rate was attributed to the strong drug pipeline and its stability in blockbuster drugs. The firm also had the lowest risk when it came to the market share loss from the drugs as compared to other pharmaceutical firms. This was due to the fact that most of its pharmaceutical sales were given to generic cannibalization before 2005. The firm’s capability to increase its research and development expenses saw it venture into new field of medicine. This enabled the firm to invent new pharmaceutical drugs and also open many operational facilities all over the world (Army).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For the Pfizer firm to overcome the competitors they embarked on continuous launching of new products and aggressively acquiring the best possible strategies. They bought drug maker companies and also ventured into the consumer products, bought companies that produced hospital related products. The company also extended an invitation hand to other related companies which saw it merge with some popular companies like Warner-Lambert. The company ventured in the sale of the brand name from its operating groups to the consumers. The brand name groups included Animal Health Group and Consumer Health care. These brand names made the company to be known as one which improved the health not only of human beings but also of livestock, hence became very popular to the consumers (Porter 62-78). The introduction of the internet enables the firm to reach so many companies at any given time. It also enhances the devising of the strategies since the progress of other firms can easily be monitored from the internet. It has enabled international expansion of the company (Stabell 413). Sus tainability For sustenance purposes the firm invested heavily on the research and development, half of the employees of the company taken to the section dealing with research and development. The mixture on the labor force was also a contributing factor, which comprises the British and the Americans (Sandberg 3). The firm strategizes on conducting more clinical trials on Viagra as compared to its competitors. This made it to enlarge its market base since most of the patients came back with positive results. The firm also deployed a good number of sales representatives to that went direct to the doctors, who eventually prescribed the drug to the patients (Army). The firm uses the Direct-to-Consumer Advertising which ensures that patients are updated on new medical treatments, right prescriptions and also allows them to discuss their health conditions with their physicians. The company also focused on raising awareness on how important men’s health was to them (Porter 62). The y used the brand name that made so many identify themselves with the brand i.e. so many became brand loyal to the company. The firm spent so much money in advertisement on medical journals, meetings and events that were mostly attended by the physicians. These promotional activities ensured some increase in revenue with the Direct-to-customer contributing around 16% in the year 2000. The use of the internet exposes the firms secrets to the competitors hence considered not safe at all for sustainability purposes (Porter 78).Advertising We will write a custom essay sample on The Pfizer Company Business Model specifically for you for only $16.05 $11/page Learn More Conclusion The business model shows clearly the level of competition of the company, it reveals whether the company is the most cost-efficient company in the industry or not. The business model should be understood because it provides vivid information about the market and can be used by investors a nd financial analysts. Army, Barret. â€Å"The formula at Pfizer. Don’t run with the crowd†. Business week may 11, 1998. Hedman, Thomas. â€Å"The Business Model: A Means to Understand the Business Context of Information and Communication Technology†. Institute of Economic Research Working Paper Series, School of Economics and Management, Lund University 2001. Magretta, Joan. â€Å"Why Business Models Matter,† Harvard Business Review, May 2002: 3-8. Mahadevan. â€Å"Business Models for Internet-Based E-Commerce,† California Management Review, Vol. 42, summer 2000: 4 Porter, Michael. â€Å"Strategy and the Internet,† Harvard Business Review, March 2001: 62-78. Sandberg. Is it time to trade in your business model? Harvard Management Update, January, 2002: 3-5.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Stabell, Fjeldstad. â€Å"Configuring value for competitive advantage: On chains, shops and networks†. Strategic Management Journal, Vol. 19, 1998: 413–437. Timmers, Paul. â€Å"Business Models for Electronic Markets,† Electronic Markets, ol. 8, No. 2, 1998: 3-8

Action of Barbituates Essays

Action of Barbituates Essays Action of Barbituates Essay Action of Barbituates Essay Homework Assignment Chapter 4 Addiction Studies (BHHS) Sherman Howard 1. Describe, the action of Barbiturates. They reduce sensory sensitivity to pleasure or pain. Replace’s the need for sex, food and emotional involvement. 2. Describe the action of benzodiazepines and their withdrawal symptoms. Benzodiazepines are minor tranquilizers; they cause dopamine levels to surge producing a pleasurable sensation. Withdrawal involves seizures, convulsions, and even death. 3. What is the biggest danger with drug synergism when using two depressant drugs? Overdose! 4. What is a paradoxical reaction to tranquilizers? Becoming more active instead of calmer. 5. Why is withdrawal so life threatening for alcohol and the barbiturates? Both can lead to Seizures and death. 6. Who is the hidden addict? An unborn Fetus can be, if the mother is an addict. ______________________________________________________________________________ Part Two: 1. What is the approximate percentage of alcohol in beer? Wine? Whiskey? Beer5% Wine15% Whiskey45% 2. What does BAC stand for? Blood Alcohol Concentration. 3. Describe the processing of alcohol from digestion to absorption. 0% is absorbed by the stomach the remaining 80% is absorbed in the small intestines. 4. What is alcohol effect on digestion and liver? Alcohol can stop digestion and increase hydrochloric acid production. Alcohol also causes a drop in blood sugar which can lead to a hypoglycemic state. 5. Name some factors that often predict alcoholism? Poor learning ability, poor judgment, short-term memory is aff ected. 6. After frequent high dose use†¦ which is more dangerous: immediate alcohol withdrawal or immediate heroin withdrawal? Alcohol is more immediate. Sherman Howard