Tescos Market Position Analysis

Tescos Market Position Analysis This is a report on Tesco PLC which is one of the largest grocery and general merchandising retailer in the UK and in other countries around the world. Tesco is the third largest retailer in the world; the first two largest retailers are wall-mart which is also known as Asda in the UK and Carrefour which is a French international retail organisation. Tesco is the 2nd largest retailer in the world in comparison of profits which is leaded by Wal-Mart. This report looks at the organisation on how it was formed to how it has become successful around the UK and the rest of the world. Tesco is a highly reputable organisation which has been growing over the last 8 decades and is still growing. Tesco is a highly profitable organisation and evidence has been shown of this in this report. In this report I will use a range of models and strategic analysis both internal of the organisation and externally as well as strategy formulation. I this report I have use a rage of model and tool to demonstrate what TESCO is all about. Tescos has over 4,330 stores around the world but mainly around the UK. In this report I have used the strategic tools like PESTEL, Porters Five Forces, SWOT analysis and a value chain analysis. 2. Background how and when TESCO was introduced and its current position in the market Tesco initial was founded by Jack Cohen early in the 1920s. The brand was initially named when jack Cohen bought a shipment of tea from T.E.Stockwell and by using the initials of T.E.Stockwell Cohen added the first two letter of his surname to create the brand TESCO. The first Tesco was open in 1929 in the north of London in the area of Brunt Oak. Tesco first started by selling food and drinks and over the year has diversified its product range from clothing, insurance, telecommunications and retailing and renting DVDs to online services like music download and software. The organisation has also diversified geographically as it is a well known brand around the UK which was the primary focus to the rest of the world and is now operating in 14 major countries around the world. TESCO is on the London stock exchange as the FTSE 100 Index which shows Tesco is one of the 100 most capitalised organisations in the UK. In 2009 Tescos has staggering revenue of 54biillion and the organisation employs over 472,000 employees worldwide. Tesco have over 960 Tesco express stores around the UK which sell around 7,000 products which include fresh food around the Tesco express local stores. Tesco also has around 170 metro stores which sell a diverse range of food products around city centres. Tesco currently has over 450 superstores which Sell all their product rage including services such as DVD rental and Tesco Mobile. Tesco provides financial services called Tesco Personal Finance (TPF) as well as providing broadband internet connections.  The position of Tescos in regards to shares with other market leaders have been put into a PIE chart below: Market share Tesco ASDA Sainsburys Morrison Others % of market share 30.60% 16.60% 16.30% 11.10% 25.40% Fig 1: Share of leading organisations in UK Food Retail Market 3. PESTEL Political With the immersion of 10 more countries in the European Union (EU) in 2004 had promoted the trades between Western and the Eastern European countries (BBC, 2009). This has allowed Tesco to expand in the retail markets around the EU. Last year it was signed off by Tesco with china that Tesco will be able to open a chain of shopping malls in China. This joint project included three main malls to be built in Qinhuangdao, Anshan and Fushan. A total of 18 hypermarkets were also expected to open this year. This information was provided by Tesco last year. The growth of the international market is on the rise and is predicted to account for 25% of the companys profit. In the Straits Times 2010 article it is motioned that due to Chinas accession with the World Trade Organisation (WTO) it has promoted a free flow for foreign trades this was done by removing all barriers which would encourage companies from the west including Tesco to make it way to the most profitable market which would encompass over 1.3 billion people. Economic The economic factor is a point of concern for Tesco since the UK was officially declared as being in the recession in 2008. This has affected the consumers directly as they became insecure about their financial income. The buying behaviour of Tescos customers meant since the recession consumers were more selective on what they bought. The reduction of the interest rates helped in the reduction of the growth of unemployment in 2009. As a result the spending power of the consumers in on the rise again as people became more secure about their financial positions. However there is still allot of people under threat and so are likely to spend less money on the ready prepared meals, this will affect the sales value and the profit margins adversely. On a positive note in regards to the recession consumer are more likely to cook at home compared to eating out and this would have a positive effect on the amount of sales in the grocery retailers like Tescos. Consumers are less likely to cut down on food expenses instead the percentage of spending on food has risen over the years. Below is a graph showing this form Euromonitor 2010: Fig 2: The % of UK consumers spending on food from 2004 2008 The economic recession has been brought to radiance with the help of the following GDP growth graph since 1990 (BBC news 2010): Fig 3: UK GDP Growth 1990-2010 Social In an analysis UK population it shows that there are more people in the UK who are retired compared to the children in the UK. The elder generation tends to eat less and tend to travel less to supermarkets compared to the younger generation. It has been predicted that the internet shopping is more convenient to the elder generation but due to the low amounts of food required by the elder generation deliveries are less profitable. In the recent decade the number of people choosing has increased and Tesco have identified this and have increased their product range to meet customer demands. Payments by cheque and cash were 1st made achievable by Tesco. Technological One of the main macro ecological variables that have inclined the supply chain, operation and process of grocery and food retailers is technology. The operations of supermarkets are being affected by the use of services like internet shopping. Internet shopping has been growing and is still growing in the UK. The subscription of internet has developed by over 50% and it is estimated to have 70% of UK being users of the internet. (Office for National Statistics, 2010). The use of loyalty schemes which are used by online retailer helps to retain customer as people are discouraged to shop elsewhere (Sun, 2009). Online shopping is also available on phone so people can shop anywhere at any time. Due to the increase of the access of broadband internet shopping is increasing in the UK. 15.5 million Number of users is in UK who is broadband users and this account for 70% of the total market (Keynote 2010). Environmental The environmentally friendly solution of reducing packaging is promoted by the UK Government. In a study by the Office for National statistic, the number of people using reusable bags has raised by 3% from 71% to 74% and those consumers using normal bags and are trying to cut down has also increased from 65% to 68%. This has helped in reducing the cost and it also good for Tesco CSR image. Tesco has recently started adding carbon footprint data to dairy product, orange juice and potatoes and plans to expanding this data onto bread and non-food items in the future (Tesco 2010) There are customers who are reusing bags, recycling old mobile phones and aluminium cans and also prefer bagless deliveries. These customers are being awarded for their contributions through the Tescos Clubcard points (Datamonitor, 2010). Supermarket Tesco have put wind turbines on one of the stores roof this produces enough energy to run all 15 tills. Fig 4: Consumers actively being Green 2007-2010 Legal Due to the rise of the VAT in January to 20% by the government to reduce the budget deficit, Tesco non-food products will be affected such as clothing and electrical goods. In recent years the national minimum wage has been increased by 15.5% this has increased the supermarkets running and operating costs. Porters Five Forces Analysis Threat for substitute products and services In the retail market the threats for grocery retail products is low compared to non-food products. Substitute food products are available from local convenience stores and shop but are not seen as a threat for Tesco as Tesco is able to provide higher quality for lower prices due to buying power and other factors. Tesco are also opening express stores which take most of the business form local convenience stores. The threat for non food items is high as consumers are inclined to by discounted products like clothing form other retailers, however due to the recession Tescos is benefiting compared to the specialised clothing outlets. Threat of entry of new competitors Threats in the food retail industry are low for new competitors. To succeed in the food retail market a huge investment is required to be competitive against Tesco or other food retailers as the new organisation would have to build a brand name. Major retailer of food like Tesco, Asda, Morrisons and Sainsbury account for 80% of shopping for food in the UK (Mintel 2010). In order to compete against the established brads the new brad must either produce a higher quality or sell the product for lower prices or even both to be any threat to the big players. To gain permission from the local government to establish a new supermarket could take a considerable amount of time so therefore there is a key barrier for new entrant in this business. Intensity of competitive rivalry Competitive rivalry is quite high in the food retail industry. Due to the high level and the growing levels of rival market shares Tesco is at risk of losing its market leadership. All the major competitors like Asda Morrisons and Sainsbury have had an increase in the market share for 2009-2010. All the major retailers are being very competitive against each other as they are always lowering prices and promoting products. In the rural areas of the UK consumers are inclined to go to places like Somerfield and Co-op due to the distance of the major retailers. The highly discounted food products from retailer like Aldi and Lidl are inclining customers to go there especially in times of financial difficulties due to the recession. These retailers have grown by 25% during 2008. (Keynote, 2010). Bargaining power for buyers The Bargaining power for the buyer is high. Consumers are inclined to buy cheaper products and with the use of the internet for comparing product prices consumers are inclined to switch to cheaper alternatives. Where products are more standardised and have little differentiation consumers can easily switch from one brand to a different one. Bargaining power for suppliers Bargaining power for suppliers is low Suppliers are attracted to sell their products to major retailer like Asda and Tesco as the supplier would not want to lose their contacts with these major suppliers due to their selling power and so the negotiations with suppliers are strengthened and the major retailers are likely to come with a positive outcome when it comes to buying at lower prices. Detailed SWOT Analysis Below I have done a SWOT analysis for Tesco. Strengths Tesco is the 3rd largest retailer in the world. Tesco holds 30.7% of shares for the UK grocery market. In a research done by Datamonitor 2010 Tesco has a turnover of  £54 billion this in an increase of 14.9% compared to 2008. Tesco has done this by customising products and services to meet the demands of the consumers. Tesco has focused on reducing product prices without compromising on quality. Online services in the non-food retail market; Tesco Direct has seen an increase by 50% (Tesco, 2010). Tesco has retained its customer with the use of Clubcard. The information from Clubcard has been used to promote products and other promotional techniques. Fig 4: Tesco annual Growth in Key Performance Indicators Weaknesses Tesco has not performed well over the last year compared to the competitor in a report by Mintel (2010). A large number of goods were recalled which has resulted in finical loss. This has also had negative impact on the brands image. The main operations of the organisation are in the UK where it is recorded more than 75% of its revenue is generated in the UK in 2009. This was mentioned in a report by Tesco (2010). The organisation lacks geographic diversification and this shows a key weakness for Tesco to systematic risks of the UK market. Opportunities In a report by Mintel (2010) it is recorded that Tesco have opened over 620stores in 2009 and 435 of them were in international locations. The geographic growth will help the firm to improvising its economy of scale, while it is also reducing the exposure of the systematic risk. In the Guardian (2010) it is mentioned that Tesco.com has over 1 million customers, this has provided the firm to attract new customers which is helping to increase profits due to overall costs. The company is focusing in expanding geographically; this will strengthen its global market position. Tesco has signed off a new deal with Tata group which is one of the major industrial organisations based in India (Daily Mail, 2010) The food retail market is expected to grow from  £125 billion in 2009 to over  £145 billion by the year 2014 as it is important to have enough food. (Euromonitor, 2010) Threats Due to the reduction to consumers income and the rise of unemployment the buyers behaviour is affected and non-food products are being adversely affected. Tesco has been the market share leader for over 15 years and is now facing difficult times due to the intense competition of its competitors like Asda and Morrisons (Mintel, 2010). Bellow is an abridged SWOT analysis of which can be summarised in the illustration below: Fig 5: Tesco reduced SWOT Analysis Value Chain Analysis for Tesco The value chain shows the strength and weakness in the value accumulation process. The value chain for Tesco has been illustrated below: Fig 6: Value chain for Tesco Primary Activities Inbound logistics The primary stage of the value chain is where the opportunity arises to create value for the business. The first stage is known to be upstream for activities. Inbound logistics is where products are bought from the supplier and are and are handled and transported to the shelves. Tesco adds value by maintaining the level of choice while it is also improving the efficiency of distribution system. Quality control measures are taken to remove the damaged goods and reducing the cost which may be incurred to its consumers. Operations In the day to day running of the stores Tesco has to maintain its service levels by selling the products and services and making sure they are open for business in accordance to their trading hours. Tesco would have to also make sure products are available on shelves for their day to day business, this is done overnight daily. In order to keep their competitive advantage Tesco may have to consider opening more hours or even opening metro and express stores. To do this Tesco must seek permission from the council and sometimes this may not be possible, this would take away their competitive advantage. Outbound logistics Outbound logistic is the third stage of the value chain and Tesco add value by providing deliveries to customers. Tangibles such as parking facilities, trolley collection, staff at till and systems are also used to gain the competitive advantage by saving time of consumers if done properly. The implementation of trolley deposit stations and keeping them orderly helps customers to get to and from the stores premises allot quicker as well as making these facilities available to use. Marketing and sales The marketing and sales side of the value chain is more downstream. The Tesco club card provides discounts and help to keep customers loyal. Tesco also advertise on the radio, newspapers as well as TV adverts to attract customers with their pricing and promotions available. In regards to selling environmentally friendly products there are some constrains however Tesco can take advantage of this by providing products that are environmentally friendly which could help attract new customers. Support Activities Company Infrastructure To help maintain the price of the products the implementation of security systems are in place as well as anti fraud systems to prevent people acting fraudulently. To reduce costs departments such as profit protection are employed by Tesco to reduce losses. The reduction of crime and its prevention helps Tesco keeps is low prices low. Human resource management Human resource management would be regarded as a downstream activity. The job of HRM is to make sure staff are recruited and trained properly so benefits are passed to the customers. Tesco are always trying to maintain is high level of customers service by putting in programs for employees which are performance related. Employees are paid more by providing a better service to its customers and so employees are encouraged to do this. Technology development This activity is also downstream and Tescos ability to provide product ranges which are new and innovative products has to be maintained. The product vitality adds value to the brand of these products. Conclusion The report has clearly showed the success of Tescos from a small enterprise to a large PLC. Tesco success depends on their brand name which has always been evolving. Tescos brand name has hit the world like a virus but mainly in the UK. Tesco have managed to get the right message across to its consumers by making sure their CRS was to focus on their stakeholders. In order to succeed in the future Tesco has to diversify its products ranges and also diversify geographically as it has done over the last 8 decades, this will continue to create new customers as well as retaining its existing customers. Also to continue to succeed Tesco must adapt to any changes which may occur like a change in the services like broadband, BT have started to install fibre optic to increase its broadband seed. If Tesco wants to continue to grow its must adopt to all changes in real time, not only with this help retain customers as the services and products are up to date but this will also attract new customers. The strategy formulation for Tesco is to continue to learn. Large organisations like Tesco the strategy should be analysed and implemented on all levels of the hierarchy. The strategy of the different levels must be common throughout the hierarchy in order to have the competitive advantage. http://www.tesco.com/talkingtesco/retailing/Bottom of Form Top of Form Top of Form Bottom of Form

Accounting Is Dubbed “Language” of Business Activities

Essential link in objectives of business —–‘Accounting is dubbed â€Å"language† of business activities conducted by firms as it is used to communicate business transactions per se to all stakeholders’ According to Weygand, Kieso and Kimmel (2012, p. 4), the main purpose of accounting is consists of three basic activities, identifying, recording and communicating the business events by users. These three activities help the firm to operate the business to make decision be meaningful. Business has closely connection when doing transaction with their stakeholders by using the accounting, in order to make maximize profits.Role of firm Firm (also known as business or enterprise) is an organization involved trade goods and services to consumers. Business use different models and plans to figure out their target and outcome, in order to achieve organizational goal and achieve sufficient profit to finance our company growth, which create value and wealth fo r our shareholders. There are three forms of ownership, proprietorship, partnership and corporation. Every type of business receives different targets and objectives; it is because the employer or shareholder is taking different level of risk and responsible.Each organization’s employer sets its objectives to overcome difficulties. It relates to produce in different firms with different types products and how to satisfied their consumer, such as restaurant produce well-prepared food to hungry customers and cars factory fabrication and assembly of cars to produce in high-quality to buyers. Therefore, the method used or issued meet should be different. Each type of business system will meet different levels of target. The objective, however, is quite similar to each other. As Edmonds, McNair and Olds (2006, p. ) mentioned, in most cases, the companies aim to satisfy consumer preferences efficiently (at lowest cost) and aftermath with higher earnings. During business transaction , the main purpose for firms is to obtain maximize profits and the buyers to pay at least amount of money. Otherwise, the loss will lead firms be bankrupt and result in unemployment rate increased. Business Transactions Business transactions are recording the business’s economic events by accountant. The economic events such as transaction are passing through accounting process of organization to users.The accountant records the transaction when the financial position (assets, liabilities or equity) of the company changed. In addition, the accounting equation must include the transactions, two or more items, which have dual effect and could be affected. There are two types of transactions which called external and internal. External transaction is record business events between the company and some outside enterprise. For example, LMS pizza shop purchases of cooking machine (equipment) from a supplier, and then sale the piazzas to customers are related to external transaction s.Different to external transaction, internal transactions are economic events that occur all within one company. The use of cooking and washing machine (supplies) are internal transactions for this company. However, the company must analyze each event to illustrate if it affects the components of the accounting equation. For example, the company ordered additional films at $1000. This event will not be record. In the reason, the company’s financial position does not change during this activity. But if there is deposit that company needs to pay.Then the accountant should record this transaction. The accountant has ability to decide which transaction should be record. Determine the Value changing International Financial Reporting Standards (IFRS) companies can apply fair value to property, plant, equipment and natural resources. The companies can sell the assets to fair value at the reporting data. If revaluation is used, business needs to follow the revaluation procedures. As sets that are experiencing rapid price changes must be revalued on an annual basis. Otherwise, less frequent revaluation is acceptable.However, most companies choose to remain the original cost they paid instead to revalue. It is faithful to represent the fair value and the negative effects on the net income. Business should evaluate the faithful representation and relevance of trades-off in any case and determine the importance that the company considered at. To illustrate asset revaluation accounting, assume that an organization called as LMS pizza shop, they purchased the used machine to making pizza for $10,000 on March 11, 2013. But at the end of May 2013, the cooking machine is increased its wealth value to $13,000.At this time, the accountant has two decisions to record this value changed. One is to revalue the price and another one is to keep it remains the same. However, this action should consider by the company own perspective. It is because the revaluation is affecting t he net income. In the short summary, if it is the case that the value falls, the company gets positive effects on the net income. Otherwise, the company obtains negative effects on the net income. Finally, the company can fetch a higher price if sold the assets at the reporting date. Essential link in objectives of businessTarget as the core of growth for companies. During operation, companies have many decision-makings, like which firm is better to award of contract and which firm can bring most benefits. These decisions are related to company’s benefit (profit), which are the business objectives. This is because the business objectives are the main purpose for running business to obtain maximum profit at lowest cost. The statement is more clearly to anyone, even who outside the organization. It is benefit for everyone to use the information of financial accounting.Especially is for investors, creditors and other external users. That is all of the fundament about financial a ccounting. According to IFRS, there are two measurement principles they usually use, the historical cost principle or the fair value principle. By using these two principles, company can clearly be seen in the earning profit or loss. According to Williams, financial accounting is wide range uses in the business community nowadays (Williams et. al, 2011). Any decisions that the business makes need to concern about all of three activities in accounting quation. The companies all predicate of the objectives that is bringing as much as profit to them. Summary Accounting as a major indicator for simply convenient operation and shorten the time to achieve company’s goals. It is not only a kind of business language, but also a tool for measuring the target for company. As a business tool, it help employer to narrow the distance with all stakeholders in any transactions, hence to help achievement of objective and then obtain higher rate of return in anytime. Words: 1068Reference * We ygandt, J, Kieso, E& Kimmel, D (2012), Financial Accounting (IFRS edition). WILEY. USA * Edmonds, T, Edmonds, C, McNair, F& Olds, P, (2006), Fundamental Financial Accounting Concepts (5th edition) McGraw-Hill Companies, Inc. New York * Williams, Haka, Bettner, and Carcello (2011), Financial Accounting: Including IFRS, Financial Accounting (Fourteenth Edition, McGraw-Hill Companies, Inc. New York * International Accounting Standards Board (IASB), retrieved from http://www. iasb. org/

Project Management Email Individual Paper Essay

With the available information from the previous email regarding the projects of Juniper, Palomino and Stargazer, I feel it is in the company’s best interest to go with the Palomino project moving forward. The reason for not selecting the other two options is because Juniper carries too low of a risk for completion. Stargazer is not worth the high risk of completion and the unfamiliarity of how the final product will be with the customer. The method applied for making this decision was by utilizing the feasibility study. The main purpose of this is because using this project would have to make sense to the company as a whole. Answering all of the questions on Return On Investment (ROI), length of project, risk and overall benefit to Piper Industries. Using the feasibility study for the Juniper and Stargazer projects, it was a basic understanding that previously mentioned material would not be present as with the Palomino model. There are five different phases in project management that involve the  Palomino project and those are (Jacobs & Chase 2011): †¢Project conception and initiation: The main focus of this phase is to ensure the project being presented is realistic and will benefit the company. †¢Project definition and planning: The scope of the project will need an outline so the work which needs to be performed is available. Prioritizing, budgets and timelines are in this phase as well. †¢Project launch or execution: Tasks are assigned and each team is made aware of their responsibilities. †¢Project performance and control: The status and progress will be checked against the actual plan to ensure everything is running smoothly. The project manager will make adjustments as need to keep the original project on target. †¢Project close: Once all tasks are complete and the customer is content with the final product, a lesson learn plan will need to be established†¦ Content: Project Management Recommendation Name: Institution: Date: Dear Ray I duly received your email and we reviewed the three projects with my team. After critical analysis the board felt that the second project on your email (Palomino) was the best project for investment. The risk for completion is average; therefore, it does not put the company at a high risk of losing Dear Mr. Gritsch, Our team wants to thank Piper Industries Corporate vice-president, Wendell Deirelein, for choosing our team to analyze the projects. In the attached document you will find our analysis and recommendation of the Project Proposal that benefits your company. Thank you, Project Manager Project Management Recommendation Project to be Implemented Piper Industries needs a completed project and for it to be generating review within 12 month’s of the Project Management Office’s (PMO) review (University of Phoenix, 2012). The project that fits the company’s  requirements is the Stargazer project. The Stargazer project is efficient and the expectation of the project being completed on time is high. The research and development has already started on the widgets (University of Phoenix, 2012). According to the project descriptions, $450,000 has been spent on the product and they average a total of $575,000 being spent in order to bring the product to the market (University of Phoenix, 2012). Even though the dollar amount spent in this project is high, the return on investment for this project is high; by the third year the product is forecasted to have a return of investments of $750,000 (University of Phoenix, 2012). The product life of this project is forecasted to be 7 years (University of Phoenix, 2012). This product is still not being used, meaning Piper Industries will be the first company to launch the product to the market. By bringing such an innovative product into the marketplace, it can make Piper Industries the leader in the industry (University of Phoenix, 2012). Five Phases According to Stricker (2013), â€Å"Whether a project is large or small, the stages of a project are ultimately the same. Initiate the project, and then move into planning, followed by execution†¦. Project Management Recommendation Piper Industries Corp. wants to make a decision on the appropriate project to invest in based on three recommendations. First, Juniper is an enhancement of a current widget being offered by the company, while Palomino is a new line of widget products including enhancements using existing technology, and Stargazer is a production of completely new widgets, which research and development have already started on. The company assigned our team to analyze the three projects and make recommendations on which project the company should invest in. The recommendation must include our description of the five phases of the project and the key deliverables (project completion date and cost) for each project (University of Phoenix, 2013). The Project Recommendation Based on the break-even analysis for the Juniper project it basically shows the company will not, or barely break-even, during the life cycle of the production of these widgets due to technology advancements causing this product line to become obsolete after three years? It has a cost of $325,000 and Return on Investment only producing $250,000 for the two to three years of production with the third year being the end of life for this product. If the company chooses the Palomino project it will also have a hard time breaking-even and producing revenue streams over the life-time of the production with a 5% margin of error with the seventh year being the end of life for the product. The strength of the economy plays a large determining factor in this forecast due to 5% differential in the life cycle of this product. Palomino will cost $655,000 with the Return of Investment being $450,000 over a five year period with that 5%, plus or minus, margin of error. Profit would then start to be recognized in the sixth and seventh year of the life cy†¦ Thank you for choosing our team to analyze the three projects your company has proposed. After meeting with my team and analyzing the data of the three projects, we have to come to an agreement that the project your company should invest in is the Juniper project. Since your company is currently somewhat familiar with the product involved in this project, it will be more efficient and cost effective to continue the enhancement of this product. There are five phases of the project that must take place in order for the project to be a success. The first phase is the planning phase which includes a product approval and launch of the actual product development process. This also includes a mission statement that includes the target market of the product, business goals, key assumptions and constraints. The second phase is concept development. This phase is focused more on the needs of the target market, alternative product concepts which will need further testing and development. The concept is key in this phase because it describes the form, function and features of the product that are accompanied by a set of specifications and an economic justification for the project (Jacobs, pg. 74). The third phase is design detail which entails the specific parts of the product and all standard parts that are needed  from the supplier. This process also includes drawings and computer files that describe the geometry of each tool, purchased parts and process plans. The fourth phase is testing and refinement. This phase is includes construction and evaluation of multiple versions of the preproduction of the product. This is the time when we would be prototypes in order to determine if the product satisfies customer needs. The final phase is the production ramp-up. The product is made of intended production system. The purpose of the ramp-up is to get the workforce trained and to work out a remaining issues that may arise during the process such as†¦ Dear Mr. Gritsch: In continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project. Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high. In continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project. Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high. In continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project. Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high. Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high. My feasibility study focused on Return on Investment (ROI), length of project, risk level and overall benefit to Piper Industries. See below for the results. Juniper: Return on Investment (ROI): 77% or $250,000 for a period of 2 to 3 years Length of project: Uncertain Risk of completion on time: Low Overall benefit: Enhancement of current product, increased product demand Palomino: Return on Investment (ROI): 69% or $450,000 for a period of 5 years Length of project: 7 Years Risk of completion on time: Medium Overall benefit: New product, use of existing technology, custom part, constant demand Stargazer: Return on Investment (ROI): 278% or $1,600,000 for a period of 3 years Length of project: 7 Years Risk of completion on time: High Overall benefit: Research & Development of a new product, market leader, project recommend that the board invest in the project, Stargazer; particularly because the company has Reference Jacobs, F. R. & Chase, R. (2011). Operations and Supply Chain Management (13th ed.) Boston, MA: McGraw-Hill Irwin.

Human Trafficking Is Considered Modern Day Slavery

Human trafficking is defined as any type of work which people are forced to do against their will under the threat of some form of punishment and it is an affront to the most basic of human freedoms. In the Trafficking protocol (†¦.) human trafficking is defined as â€Å" the recruitment, transport, transfer, harboring or receipt of a person by such means as threats or use of force or other forms of coercion, of abduction, of fraud or deception for the purpose of exploitation†. Almost all slavery practices contain some element of forced labor. Human trafficking is considered modern day slavery, with the main difference that the latest was legal. Sex trafficking and illegal organ removal are also part of this industry largely known as Human Trafficking. It is a business that generates, according to the UN 2005 statistics, $31.6 billion, being considered the second largest criminal industry after drug trafficking. Every year, thousands of men, women and children fall into the hands of traffickers, whether as a country of origin, transit or destination for victims. (†¦Ã¢â‚¬ ¦) Human trafficking is happening everywhere with no discrimination to sex, color or social background. It is mostly found in labor intensive and under-regulated industries as agriculture and fishing, domestic work, construction, manufacturing and prostitution. Human trafficking is a largely widespread criminal industry that affects all countries of the world, with its largest profits coming from Asia and the Pacific.Show MoreRelatedHow Slavery Has Changed Today s Modern Society1324 Words   |  6 Pagesdo you define slavery in today’s modern society? The word slavery sparks up heated conversations. The idea that all humans were born with their own rights, no matter what race or class they were in, was not prevalent during the early developmental stages of America. 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