Question 1 A) Innovation is about finding new or better method of making something‚ a product or a service. Innovations are born due to several reasons .Peter Drucker has outlined seven sources of innovative chances or opportunities .I am going to identify them below. 1. Unexpected happenings‚ as a sudden event that can be a indication of a distinctive chance for innovating or entrepreneurship. 2. Incongruity‚ as the divergence between what everyone think of a thing and the reality of it ‚
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Part 1 I decided to carry out a PEST/STEEPL analysis on MacDonald’s‚ the fast food chain. Although in their own Mission and Value statement they describe themselves as a franchise business. The STEP analysis proved to be relatively easy‚ in some was it is similar to SWOT‚ in that once a start has been made it is difficult to stop. I used a copy of their 2011 Annual Report as the basis for the analysis‚ this did make things difficult in term of economic factors as the report was mainly financial
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Betty Cheng Exam: 01.01 Module One Pre-assessment 42 Score: 22 of 53 points This does not include 1 essays which have not been graded that account for 1 points of the maximum possible score of 53. Instructions: At this time‚ please take the Module 01: Pretest. This pretest assesses your current knowledge of the material covered in this module. Based on your pretest performance‚ you may be eligible to exempt assignments. Your instructor will communicate your eligibility once the pretest has been
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Hidden Valley Cabins Ecotourism Report Introduction The purpose of this report is to examine Hidden valley Cabins‚ located one and half hour North West of Townsville‚ in relation to three key components. Firstly‚ an evaluation of the operations relating to the provisions of ecotourism products and services will be undertaken. Secondly‚ potential positive and negative environmental‚ economic and sociocultural impacts of the operation are identified. Thirdly‚ recommended strategies based on the
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Introduction A few years ago I got involved in marketing an expensive brand of vacuum cleaners called Kirby. The product was well designed‚ of high quality and had many features that were lacking in other leading brands. The marketing strategy used were a combination of selling orientation and product orientation‚ where the business owners assumed that a sales force would be able to sell the product as long as the right approached was used. I was trained to effectively demonstrate the features
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Q. 1 a) In order to grow the business‚ I have completed a SWOT analysis table‚ looking at the headings of the HRM‚ accounting and finance and the marketing departments as all of the findings need to be taken into account when making any business decisions. Below I have shown my swot analysis table. This is used to ensure that I have taken all aspects of the business into account before I analyse where the strengths and weakness of the company lie. SWOT Analysis for SHP. (Second Hand Phones)
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1. I am asked to compute the before-tax Net Present Value or NPV of a new ski lift for Deer Valley Lodge and advise the management there of the profitability. Before I am able to make this calculation there are a few calculations that I will need to make first. First the total amount of the investment‚ this will be the cost of a lift itself $2 million plus the cost of preparing the slope and installing the lift $1.3 million. Thus the investment amount for one lift is $3.3 million. Next I
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FST-01 ASSIGNMENT BOOKLET Foundation Course in Science and Technology Bachelor’s Degree Programme (BDP) (Valid from 1 st July‚ 2012 to 31st March‚ 2013) It is compulsory to submit the assignment before filling in the exam form School of Sciences Indira Gandhi National Open University New Delhi ( 2012-13) Dear Student‚ We hope‚ you are familiar with the system of evaluation to be followed for the Bachelor’s Degree Programme. At this stage you may probably like to re-read the section
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TMA 03- Designer Labels Question 1 a) An income statement is used to show profit and loss; Kathryn can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery‚ office space‚ staff wages and the products. The income statement becomes useful to Kathryn when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken
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ACC203e Managerial Accounting Group-Based Assessment January 2011 Presentation Lecture Group T01 Mr Wong Nee Tat Names Chen Yawen Gwendolin(Y1072354) Chng Chyi Da (K1115100) Teo Zhen Wei (Z1010291) Question 1 UrPrint Job U12 Cost Sheet $ Direct Materials: Plain t-shirts 4‚800 Paints 1‚400 Design & making of silk-screen 2‚000 Direct Labour: 600 t-shirts1 4‚200 Factory Overhead2 840 Additional Costs: Correction
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