Economics and External Audit Free Essays

As mentioned in the case study above, Kellogg is going through a challenging time. Perform an external audit on Kellogg. Discuss the opportunities and threats facing the company. We will write a custom essay sample on Economics and External Audit or any similar topic only for you Order Now Answer Perform an external audit on Kellogg, will gain the team with better understanding of the firm industry, competitors and markets. It should involve as many managers and employees as possible. Before perform the audit, Kellogg must try to gather as much as possible on competitive intelligence and information about the products range, scale of economic, social, cultural, local political situation, legal, and technological trends. External audit staffs or manager should get strategic information update periodically by various sources such as such as internet, business magazine, and trade journals from stock exchange markets, newspaper, university and corporate publication. Suppliers, distributors, customers, salespersons and competitors represent also good references information. Once Kellogg collected all these information, a detail study and evaluation should immediate carry out by involving a group of key staffs and management to identify the key threads and opportunities may occurs. Every key factor should list down and put with priority with rank from 1 for most important to 20 with least important. This ranking should conduct for both threat and opportunity. These external key factors may change from time to time which very much depending on the situation. Relationships with supplier or distributors are often a critical success factor. Other important variables use are include market share value, world economic environment, and technology, price competitiveness, load interest rate, competing of same range of products and sales force advantage and so on. Key external factors should be (a) Important for Kellogg to achieving annual and long-term objectives (b) applicable to all competing organization or company (c) quantitative and must be measureable (d) hierarchical which mean it may able apply across the organization but some are only for certain department only. The finalize list must publish and well explain among the organization in order to maximize the result when execute the action items. The key impact on external factors should include both threats and opportunities. Opportunities and Threats facing by the company: The external opportunities and threats facing by Kellogg may refer to social, economic, government, political, legal, demographic, environmental, technological, and competitive trends and events that impact the future of Kellogg. Opportunities and threats are usually difficult to control by an organization. A few opportunities and threads that face are listed here: ?Cash flow and company capital may impact or affected by the credit term or bad debt by their customer or cash spend on the acquisition. ?Price competition will largely impact organization profits margin since organization may offer price discount to maintain the market share. Change of consumer expectation on the products. It can be technology advancement, green product, simples operation with more users friendly and so on. ?Security of information technology will be a major concern since it may be hack by hacker with more and more transactions go on-line. ?With the increase of labor cost and processing cost, this will di rect impact the commodity food prices and eventually these cost will factor in into the selling price. ?Political uncertainty in Africa and Middle East causing oil prices raise which may direct impact to the manufacturing and logistic cost. Both European and United State having high underemployment and unemployment rates will direct impact the spending power. Both European and United State encounter slow in economic growth. ?Short product life cycles is become a trend and organization much continuous to invent on new products by spending huge amount of capital on research and development to fulfill market need. ?Uncertain on global weather with winters are colder and summers hotter than usual which impact the growth of agriculture’s products. This factor will impact to the supply demand which will directly impact to the raw material price. How to cite Economics and External Audit, Papers

Warren G. Harding Essay Example For Students

Warren G. Harding Essay Warren Gamaliel Harding was an affluent speaker, he gave the business a free hand, and his return to normalcy led to a fairly decent presidency, plagued with a only few political scandals. He was born in the town of Corsica, Ohio in on November 2, 1865. His first real 30b was an editor of the local newspaper, and that is what got him interested in public affairs. He was married to Florence Kling DeWolfe, against her fathers wishes who was a prestigious banker of Marion. She became a major influence in his life, and as his fortune improved under her watchful eye he became more of a prominent figure in the local community then finally attracting the attention of political authorities. He won the seat on the Ohio Senate, then served on William H. Tafts committee at the Republican national convention. He ran for lieutenant governor and was shot down, then was defeated for governor; he then ran for the senatorial nomination and finally won. He liked serving in Senate and really made no important speeches or introduced any important legislation. Having respectable qualities as a senator he was nominated to run for the presidential office by the Republicans. We will write a custom essay on Warren G. Harding specifically for you for only $16.38 $13.9/page Order now His campaign promises is one of the better known ones, he promised to return the country to normalcy a word he used to describe the good old days. He never really challenged the any major topics in his campaign promises mainly sticking to old Republican virtues so as not to cause any conflict. He also was on the fence for other legislation at the time such as the league issues. He mainly was a indifferent machine mouthing what the party told him to and not be creative or real with his own ideas. One main reason I believe this is because he did not really want the office, but felt more at home at the Senate but could not give up the opportunity. Some topics he used in his administration were as follows. He passed ship subsidies, a high tariff, immigration restrictions, and a Federal Budget system that lowered taxes. All of these were passed, except for the ship one, and made the country run smoothly for a time. Some major events that were taldog place in his time were ones of his own actions. One major action not of his fault was a major decline in the agricultural sections of the country were starting to effect the nation, and the Republicans soon were ousted and his friends began to stab him in the back. The Teapot Dome scandal involving the selling of naval oil reserves to private landowners, which caused major controversy in his term. Many of his other attributes were also being questioned, the Veterans Bureau, and the Alien Property Custodians office were all being investigated. Even his Attorney General, Albert B. Fall was under close surveillance and investigation. He really didnt change history because of his way of going with the flow and never standing out on a limb. On a small not it showed the public that the oval office was not free from everything. Some of his not-so major legislation was the way he had a Laissez Faire economics about him. He gave the business a Ree hand and pretty much let them run free. This was just a way of backing the Republican Partys values. Some might say that because of these actions in a small way he contributed to the Great Depression. Like I said before he was a major floater through the office. I think the way he would effect the USA today would be his Laissez Faire economics and for example would not have caused or even questioned the break up of Microsoft. He would want the country to be like it was in the good old days so he would not really work to change anything drastic just make it more normal to his standards. He probably would have ordered companys to become y2k compliant, but that is about it. The simple reason being that it would continue to make the nation unchanged. He would have showed the world a different type of campaigning by staying in his hometown and that if anyone wanted to ask him questions they would have to come to hire. All in all it would be like his presidency, it not effect much. No he would not have changed the world because all he did was slow life down for Americans therefore not stimulate much among other countries. .ud5499eba23b74509b66e5d03d4051476 , .ud5499eba23b74509b66e5d03d4051476 .postImageUrl , .ud5499eba23b74509b66e5d03d4051476 .centered-text-area { min-height: 80px; position: relative; } .ud5499eba23b74509b66e5d03d4051476 , .ud5499eba23b74509b66e5d03d4051476:hover , .ud5499eba23b74509b66e5d03d4051476:visited , .ud5499eba23b74509b66e5d03d4051476:active { border:0!important; } .ud5499eba23b74509b66e5d03d4051476 .clearfix:after { content: ""; display: table; clear: both; } .ud5499eba23b74509b66e5d03d4051476 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud5499eba23b74509b66e5d03d4051476:active , .ud5499eba23b74509b66e5d03d4051476:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud5499eba23b74509b66e5d03d4051476 .centered-text-area { width: 100%; position: relative ; } .ud5499eba23b74509b66e5d03d4051476 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud5499eba23b74509b66e5d03d4051476 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud5499eba23b74509b66e5d03d4051476 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud5499eba23b74509b66e5d03d4051476:hover .ctaButton { background-color: #34495E!important; } .ud5499eba23b74509b66e5d03d4051476 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud5499eba23b74509b66e5d03d4051476 .ud5499eba23b74509b66e5d03d4051476-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud5499eba23b74509b66e5d03d4051476:after { content: ""; display: block; clear: both; } READ: Exploration Of Social Issues In Once Upon A Time EssayI would have changed his always sitting on the fence routine, if you couldnt already tell. I would have made him act more like a leader than a follower of the polls and the majority. I would have also changed some of his scandals so that he would not have had such a bad rep. The last thing I would change would not have anything to do with his administration but would have made him live out his term rather than ding in office from an illness, at least let him die heroically by diving after a newborn in a darken river, or save a cat from a burning building. My day in his shoes would be an interesting one because I would be taking orders from either my wife or the public. I would begin by asking her what suit I should wear and what to eat then ask the public which taxes to lower and which tariffs to raise. I would then retire to my private quarters where I would discuss private matters concerning certain scandals recently put out in the open. I would f ind ways to keep them covered up and which people to bribe. I would then retire to my bedroom and sleep soundly. Unfortunately, his presidency did not end as simple as it began, he was taking a vacation in Alaska a became ill on a cruise while up there, he then died on August 2, 1923, before he could finish his first term as president. Maybe if reselected he would had a chance to correct a few mistakes and further his plans of normalcy,

Disaster Is Different Around The World Essays - Tropical Cyclone

Disaster Is Different Around The World Disaster is Different Around The World The purpose of this paper is to show the difference between the way the United States faces a disaster and the way Central America handles a disaster. In 1992 we faced the costliest hurricane to hit the United States in history. In 1998 Central America was rocked by fourth strongest hurricane ever. Though both were huge disasters our perception of a hurricane might be a little different than someone living in Latin America. As previously stated, Central America was hit by a train. And this train had a name?.Mitch. The storm was formed off the coast of Africa and gained strength in the open ocean. When Mitch came ashore on October 29th it had sustained winds of 180mph and unknown gust velocity. It crept slowly inland and dumped record amounts of rainfall in a short period of time. The countries most effected by the hurricane were ; Honduras, Nicaragua, El Salvador, Guatemala, and Belize. As of December 2, 1998 the number of confirmed deaths was 5,642 with 8,050 still missing. People injured in the storm counted 12,272. Over 1,199,000 people were displaced. With more than 100,000 homes destroyed (UN Situation Report par.9). Over 2,000 people were swept away by mudslides on the Casitas volcano when in one week in October more rain fell than in the previous three years combined. Governments were overwhelmed by the need of supplies. The cost to Honduras alone was well over 4 billion dollars. With over 70% of the food crops destroyed help was needed very badly, but with communication down and 90% of roads washed away it was hard to supply villages deep inland (USAToday online #1 par. 14). When the Hurricane first came ashore there was very little anyone could do but hold on to something, anything. No place was safe. Central American countries are some of the poorest in the world and a hurricane proof shelter is hard to find. Most people grabbed what they could and headed for the hills. That idea was not always good because then there was a risk of mudslides. After the major part of the storm was over people returned to their homes to find nothing at all. The government did all they could to help but that wasn't much. Huge towns of plastic tents were constructed. Aid groups came in with food which was hard to come by. There was never enough. In some regions schools and factories were shut down to house and feed the injured. Unemployment soared to a huge 60% due to the lack of places left standing. The government started hiring people to clear roads and public areas. The pay was a whopping 10 dollars a week but that is better than not having a job at all. Analysis shows that rebuilding bridges across the damaged areas could take almost four years(USAToday#1 par.6). Deepening poverty is almost certain. Another thing which is huge problem is the health risks associated with this type of disaster. The destruction and contamination of the fresh water is one of the main things. Another is raw sewage being in the rivers and streams which can spread many diseases. The most common right now in Central America is; diarrhea, skin diseases, acute respiratory infections, conjunctivitis, and a few cases of Leptospirosis. Due to the fact that all these diseases are there makes fewer people want to help in the clean up effort(USAToday#2 par. 11). On August 24, 1992 the United States was hit by the costliest hurricane in U.S. history. Andrew was his name and like Mitch it was a very deadly storm. It had 145mph winds and gusts up to 175mph. Unlike Mitch, Andrew only killed 41 people and destroyed over 100,000 homes(Terry par.#1). Residents who lived in the hills of Central America and had no warning of the approaching hurricane while everyone in Florida and the surrounding areas knew for two days that a hurricane was headed in their direction. In the case with Andrew the Red Cross already had shelters set up and more volunteers on the way to help. American's being a giving people sent contributions and other supplies to Floridians to help with the recovery effort(Terry

Mr. Obama and Iran

Mr. Obama and Iran Free Online Research Papers Two editorials by The New York Times discuss the talks that the Obama administration has planned with Iran; â€Å"Mr. Obama and Iran† does not explain thoroughly how Washington should interfere but in the other article â€Å"Talk to Iran. Then What†, it states that there is all this talk about having ’talks’ with Iran but nothing specific has been planned and imposes the question of how much should we compromise to come to an agreement. In the editorial titled â€Å"Mr. Obama and Iran†, the editor writes that former president Bush failed policies in Iran has led them very close to mastering the skills needed to build a nuclear weapon- the skill of mastering nuclear fuel production. The writer backs up his claim by stating that Iran’s scientist have already advanced by putting a satellite in orbit which is a huge sign that their missile program is moving forward. His other claim is that there has to be a mixture of incentives and sanctions to take away Iran’s nuclear ambitions. He goes on to say that the Bush administration never made any attempts to offer the Iranian government any incentives. However, he gives no evidence to support that for sure that Bush never made any attempts. His opinion is that the agenda for talks will be much easier if it included Afghanistan and Iraq. The editor shows very strong evidence that in the past, in 1998 Iran’s fundamentalist Shiite government almost went to war with Afghanistan’s own fundamentalist Taliban. The U.S. interfered and forced the Taliban to back out, with the help from Tehran helping Washington make a new Afghanistan government. However this plan didn’t end up working because there were accusations that the Iranians were supporting the Taliban’s to keep the Americans off their radar. The Osama administration needs to remind Iran again that it is in their best interest that Iraq is defeated and for the Afghanistan’s to be more stabilized. In the other article published by the New York Times as well, the writer comments that Obama’s presidential campaign came up with specific tactics to prevent Iran from its nuclear weapon plans but failed to answer the important questions such as: â€Å"What should the United States demand when it finally talks with Iran? And when Iran rejects our opening position, how much should we compromise to come to a deal?†(Rademaker). He supports this by putting out the fact that in the past Iran has rejected the United Nations, insisting that Iran suspend their nuclear plans to enrich uranium. The Obama administration will probably propose this negotiation again and Iran will likely reject it again. â€Å"So what then?† is the question (Rademaker). He explains that Congress will ask themselves: Are we demanding too much? He argues that time is definitely on Iran’s side because they had 164 centrifuges in 2006 and now they have about 5,000. So the question is â€Å"How can we cut the best deal now, even if it allows Iran to continue enriching?†. He says that critics will propose two fallbacks if Iran doesn’t agree the first time: allowing enrichment but at the same time using international safeguards that can spot the development of nuclear weapons, or proposing that uranium be only used for multinational programs operated by various countries. The problem with this proposal is that the countries near that regions around Iran will demand the same treatment, but that would not be a good thing especially if countries like Syria that is not friendly to Americans, will enrich uranium as much as they can. Stephen Rademaker concludes his editorial by saying that if Obama finds a way to obtain a negotiation with Iran, that may be his one of his greatest achievements during his presidency . In conclusion I feel that the second article by Stephen Rademaker is much more convincing because he gives more specific evidence to back up his opinion. For instance, he writes that Washington as well as the Obama campaign have made statements that there will be talks to with Iran to prevent them from pursuing their nuclear interests but the question of what kind of talks has not been answered. While reading the first article, I was expecting more information, I felt as if I only read a part of the article. Rademaker’s editorial asks the question of what kind of demands will the United States impose if it rejects once again, the limitation or uranium enrichment. Another example where he uses specific examples is if the United Nations and the United States allow Iran to enrich uranium, in any way, it will be impossible to deny surrounding countries the same treatment. The weakness of this editorial, however, asks too many questions which leaves the reader confused as to if it is supposed to be for the reader or it is the editors own questions. The strengths are the explanation with statements that can be verified, because they actually happened in the past. That is the editors main argument- that Washington should come up with other proposals that have not been rejected in the past to ensure a compromise with Iran. In the first article, the editor writes, â€Å"We don’t know if there is any mixture of incentives or sanctions that can wean Iran of its nuclear ambitions†¦But we are certain that the Bush Administration never tried to find it†(Mr. Obama and Iran). While that may be true, it is something that Americans already know. It is still clear that there is still disagreements with the United States and Iran so there is no need of a reminder. Instead the editor should have explained how the Obama Administration can learn from Bush Administration and propose what kind of talks should occur. The article is concluded with, â€Å"Mr. Obama can make a compelling argument that it is in Iran’s strategic interest to join negotiations intended to guarantee Iraq’s long-term stability and sovereignty†(Mr. Obama and Iran). However there isn’t an elaboration on that. Although both articles are well written the one that convinces me the most is â€Å"Talk to Iran. Then What?† because it is more persuasive. The author does his research to prove his point. The other article I feel, just states facts things the public already knows. His opinion I believe is something that has been already heard on the news and on the radio. Stephen Rademaker gives a different point of view to his audience. Regardless if the reader disagrees with his opinion, his article is more likely to be chosen as more credible because the author shows he knows what he is talking about. â€Å"Mr. Obama and Iran†. The New York Times. 9 Feb. 2009: A22. Rademaker, Stephen. â€Å"Talk to Iran. Then What?†. The New York Times. 9 Feb. 2009: A21. Research Papers on "Mr. Obama and Iran"American Central Banking and OilMy Writing ExperienceThe Equal Rights AmendmentCash or Card?Global Distributive Justice is UtopianGene One the Transition from Private to PublicProject Management 101Booker T. Washington, W.E.B. Du Bois, Ida B. Wells-BarnettDistance Learning Survival GuideCo-Educational vs. Single Sex Schools

Summarises the themes Essay Example | Topics and Well Written Essays - 750 words

Summarises the themes - Essay Example The position seemed extremely painful and the body must have been subjected to excruciating pain through this activity. Considering this position, watching from above, the soul was extremely angry. The anger became stronger and stronger; however, he was powerless and could not do anything but watch. He screamed and shouted to let his body free and not subject it to such horrific activities. He would become quiet and listen to what they had to say and what they plan to do next and then start screaming again for mercy. After being subjected to this level of misery and not being able to do anything about it, he gave up. Once he gave up he found that everything changed. He now found himself in a place which was far away from this dreadful scene. He found peace and beauty from where he was now present. The environment was serene which left his speechless. He found himself floating in an area where there were beautiful rainbows and delicate beings. Everywhere he looked there were colors and sounds that were soothing to the ear. At once he forgot the pain he was being subjected and became lost in this beautiful world. The place seems timeless and he wanted it never to go away. The beauty was never ending, could be seen till far. In white robes, loving being welcomed him to his new home. He found them to be caring and helped him cross over to the next world. He left behind all pain and sorrow to be become a part of this new beautiful world. The being circled around him to show him that they were present at all times to comfort him and help him. The environment was such that all transparent clouds were blended together to bring about the beautiful scenario. The joy and happiness was unmatchable. It was serene and it was at once understood that it is only God who can create such an environment. The beings circling around him were sent by God to guide him into the right direction. His suffering was finally over and now he could become a part of this beautiful

Reflective Portfolio Essay Example | Topics and Well Written Essays - 2000 words

Reflective Portfolio - Essay Example This reflection has been drawn from my experiences from working in a group with fellow classmates who have different character traits, seeing how I fit in and respond to various situations and consequently the end result of our working together. My ability to form judgments on these various areas has been drawn from reading scholarly work by Kolb on learning styles; along with Belbin’s Self-Perception Inventory. Ultimately, the learning process will have been improved as I will able to consider what I have learnt and relate it to my personality as I endeavor to get into the job market and this knowledge will help me better myself as a student with my career in mind; thus achieve professional development. Section I: Intrapersonal Effectiveness In establishing my effectiveness in an organizational setting, I have sought out reference for such knowledge from Kolb’s work on learning styles. Kolb explores the theory of experiential learning to determine how this knowledge im proves learning in higher education. He establishes that this theory is based on six propositions that are shared by the scholars who have previously researched the issue. The first is that learning is best actualized as a process not in terms of outcomes, where students should be engaged so as to get feedback and examine effectiveness of their learning efforts. Education should then be looked at as having the same goal and process of reconstructing experiences continuously. Looking into my personal learning experiences through this unit, I have come to see that I am a visual learner where illustrations such as charts and diagrams help me understand a concept better and remember it later on. Effective learning is achieved through repeating the process whilst adding new ideas, knowledge that are then examined, tested and combined to previous material. All this should be done with the student’s beliefs and ideas on a topic being explored. This second proposition is essential as it allows for refinement of the entire learning process to ensure it is beneficial to each student (Kolb& Kolb 2005, p.194). Personally, this became clear in the course of this unit where I discovered that developing a relation to every new topic with a previous one allows for integration in my mind. This means that I can create a mental picture of the whole unit with each topic in perspective. The usefulness of this proposition is that allows a student to be adaptable and embracing to new topics that may be challenging, which is a crucial intrapersonal skill. Practiced over time, this relearning process will enable me to always be willing to discover and seek out new information and work-related skills that will in turn help me excel in my career. The third proposition involves getting equipped with conflict-resolving skills as learning involves interacting with opposing modes of adaptation to the world that result in differences, disagreements and conflicts. One should thus be pr epared to engage in fruitful contentions in styles of reflection, thinking and feeling. Through this course, I have realized that even though business shares several universal principles every entrepreneur will have a different viewpoint on which principle surpasses the rest. For instance, I believe that when I decide to

The Walt Disney Method Research Paper Example | Topics and Well Written Essays - 2000 words

The Walt Disney Method - Research Paper Example He is achievements are evidenced by the creation of a successful business empire that holds its basis on the creativity he developed together with ideas. Disney’s innovative method of working remains relevant until the date and a majority of organizations still emulate the process referred to as Disney approach although it took a further development from Robert Dilts. The paper, therefore, examines Walt Disney approach as well as its usage in professional practice. The method is based on creativity with the aim directed at achieving a result that borrows from the best ideas through the elimination of the unimportant ones in the creativity process. The technique is based on Disney’s success where he managed in turning what appears as fantasies into ideas. Robert Dilts further developed the creativity technique of Disney to achieve the heights of a national language processing tool where companies across the American population perceived the method as essential in enhanci ng in achievement of organizational goals and strategies (Unamuno et al., 2007, pg 67). Organizations borrowed and still continue to borrow from the method, to enhance in presented well revised and coordinated set of ideas before embarking on any project. The most important point from Disney towards the development of the method relates looking at an issue from a different perspective as well as including all those ideas in the conclusion. Whenever Disney developed an idea for a film prepared for the public.