Wednesday, May 6, 2020
Upenn Supplement Essay Samples Help!
Upenn Supplement Essay Samples Help! The easiest way to think about a contribution, for the aims of this prompt, is to concentrate on ways your artist innovated, challenged or changed norms, or supported a continuing effort. Demonstrated interest is essential in the modern competitive admissions scene to stick out from the remainder of the pack. Of course, when you've conveyed a strong interest in one specific component of theater in another portion of your application, it may make sense to pick an artist who fits that interest. Therefore, make an effort not to neglect the world element of this prompt. If you're excited about going to school in nyc, make certain that you have a really specific reason that likewise ties to Columbia's opportunities. The strategic location of the University of Pennsylvania has made it simple for the institution to draw and retain fantastic professors. Unshockingly, given that Stanford has turned into the most difficult university to acquire into in the nation, this supplement is a doozie. Furthermore, University of Michigan's research program, one of the very best in the usa, will permit me to make discoveries and contributions as an undergraduate student. You can and ought to mention the specific school to which you're applying. The program also appears to have a vibrant undergrad community that you're able to write about. Maybe there's an internship or specific program that you just have access to through Columbia. Talk about research opportunities outside class. Demonstrating your understanding of the opportunities which make Penn unique is critical to completing UPenn's supplemental essay. There are lots of elements which make up a successful University of Pennsylvania application essay. There's no guarantee you will get into one, which means you need your general admissions essay to stand alone. A standard result can create a weak supplemental essay. To purchase essay online, you merely will need to fill in the application form and you'll get excellent work on the desired topic. He's produced a framework of things he would like you to think about as you compose an application essay. One of the absolute most important things to consider about this supplement, much like all supplements that lob a plethora of essays and short answer questions at you, is that every response is a chance to reveal something new about yourself to admissions. You must make the essay school-specific. If you believe the essay here is interesting, have a look at a few of the others. You will need to answer each essay prompt strongly if you'd like to get admitted to Columbia. As you write your very own supplemental essays, make sure to prevent common supplemental essay mistakes. Many schools request that you write about things you read, mentioning books more frequently than magazines. A financial course at the tenth grade is an excellent eye opener within the field of finance and management disciplines. Inside my experience, Quakers are genuinely delighted to respond to your questions whenever you have a shared interest. By way of example, I am thinking about a major in history, and am really interested in the mix of geographic and thematic regions of study provided by Duke's history program. AdmitSee has the greatest database of successful college application files to help you get through the admission season. Admission Essay Finance and management are disciplines that handle analysis and planning of financial resources that is an essential pillar in the growth of any nation. Saunders uses laser interferometry to analyze the growth of the middle-ear system, which is associated with the total procedure for hearing maturation and aging.
recycling plastic Essay Example For Students
recycling plastic Essay Plastics are durable, lightweight materials that were invented in 1909. They are normally made from oil and natural gas. Using plastics to replace packaging materials such as metal and glass has allowed manufacturers to make packages that are more efficient. For example to bottle eight gallons of a beverage would take only two pounds of plastic but would take three pounds of aluminum, eight pounds of steel and 27 pounds of glass. The light weight of plastic packaging helps reduce transportation costs. It takes fewer trucks to transport plastic compared to metal or other materials. Fewer trucks mean less fuel usage and therefore less air pollution from truck exhaust. recycling plastic Essay containers helps to conserve landfill space and natural resources and to cut down on pollution. Since the number of landfills continues to diminish, keeping plastic containers out of landfills is important. Plastics do not degrade in landfills. Therefore, containers you throw away will be taking up landfill space hundreds of years from now. Making plastic products from recycled plastic also reduces air and water pollution, and energy used for making plastics from raw materials. Recycled plastic is used to make products such as plastic lumber, toys, containers, carpet, fiber fill for jackets and flowerpots. There are over 1,500 products made with or packaged in recycled plastic. Such uses reduce natural resource consumption and pollution because fewer raw materials are required and less energy is needed to make recycled plastic products than to make plastic products entirely from raw materials. There are different kinds mixtures of resins that make thousands of types of plastics. Ink pens, car parts and plastic bags are all made from different resins. In order to recycle plastics, the different types must be kept separate. Therefore, plastic packages are coded to indicate the type of resin used to make them. The code numbers are found inside the chasing recycling arrows on the bottoms of containers. These numbers help you separate plastic containers for recycling collection or drop off. Uncoded plastics, such as plastic pipes, cannot be recycled but can be reused. Recycling is a six step process. First they must be cleaned and separated by the type of plastic and by color. The first step is the most important one in the process. Colored plastics cannot be mixed with clear plastics, and plastics with different code numbers cannot be mixed together. Mixing plastics can cause entire bales to be rejected and possibly to be sent to a landfill. They are then compacted and shipped off to the processing facility. Next they are shredded up into pieces and then melted together. Then they are molded back into new plastic products. Plastic containers must be rinsed, and lids and rings must be removed and thrown away. Removing lids and rings is critical, because they are made from different resins than the resins used to make containers. A few lids left on bottles or jugs can cause a bale of plastic to be rejected. Plastic is probably the most used prduct in world. There are thousands of different uses for plastic that are needed every single day. Every year more and more plastic products are being recycled. In 1995 Americans recycled only 9.5% of there plastics. In 1996 Americans recycled 22.1%of their plastic products. That 22. 1% was equal to 585,000 tons of plastic bottles. Today almost 64% of Americans recycle their plastic products which is over a hundred millions tons of plastics bottles. More and more people each year are getting in to the habit of recycling. Why shouldnt we, it doesnt cost us anything to take our plastic products to the recycling center. We all must do our part to save the earth while we still can. Only we can save our earth and we only have one chance at it. Critical thinking Essay Once we screw it up we can never go back. .
Tuesday, May 5, 2020
Creating an Entrepreneurial Spirit Through Culture free essay sample
This paper focuses on managing entrepreneurship, and entrepreneurship in the family business context. Through strategic leadership, a strong vision, mission and culture, we will study how Qian Hu Corporation Limited has transited itself from a modest family run business into a successful ornamental fish business employing 700 personnel. We will examine business management variables such as ownership, business organisation and the decision making process, and how the leadership of Kenny Yap and his management team developed a small family business into one of the worldââ¬â¢s largest suppliers of ornamental fish. This study is based on information obtained from articles, company annual reports and existing academic journals. MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd Content 1. Company Profile 1. 1Vision 1. 2Mission Statement 2. Company Culture 2. 1Core Values 2. 2Strategic Thrusts 2. 3Culture 3. Operations 3. 1Business Model 3. 2Human Resources and Talent Management 3. 3Corporate Social Responsibility 4. Kenny Yap ââ¬â The Entrepreneur 4. 1 Profile and Background 4. 2 Instilling a mindset of change 4. 3 Going Public 4. 4 Embracing Technology and Change 4. Creating an entrepreneurial culture 4. 6 Learning from mistakes 4. 7 The Business Challenges 5. Management 5. 1 Decision Making Process 6. Family Run Business 6. 1 Problems 6. 2 Solutions from Qian Huââ¬â¢s Perspective 7. References and Appendices 1 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd 1. Company Profile Qian Hu Corporation Ltd is a leading exporter of ornamental fish, contributing about 14% to Singaporeââ¬â¢s total ornamental fish export. Together with other local farms, Singapore supplies more than 30% of the worldââ¬â¢s aquarium fish. They have export links to more than 75 countries worldwide and the company ships about half a million fish per month from a variety of over 1,000 ornamental fish species. The company employs about 700 employees. 1. 1 Vision Qian Hu has adopted 4 vision objectives. 1. To be a world number one ornamental fish exporter, supplying 60% to 70% of world market. 2. To own the largest number of pet chain store in Asia by 2008. 3. To be the top 3 manufacturers of aquarium accessories in China by 2008. 4. To be the most profitable Dragon Fish Breeder in the region. 1. Mission Statement ââ¬Å"To be the world biggest Ornamental Fish and Aquarium and Pet Accessories provider through innovative and Quality Products and Services. â⬠2. Company Culture Qian Hu is a company that is highly customer centric, and they will export its products and services to any place in the world as long as there is appropriate flight access and distribution infrastructure. The company does not distinguish between individual or retailer/wholesaler customers and they strive to maintain long-term distribution relationships, however large or minute the dealings. In all of their business dealings, Qian Hu aims for quality, timeliness, varieties, value for money and competent product knowledge. The company acknowledges that their competitive success has been due to their customer centric business and strong design capabilities, good quality, workmanship and competitive pricing. Innovative and continual improvements to their product design, breeding better arowana species and sourcing new fish species has been critical to sustaining their competitive advantage. Lastly, they recognise that leveraging on innovation and technology will improve their efficiency on procedures and services. 2 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd 2. 1 Core Values The company core values are Integrity, Value Creation, Entrepreneurship and Teamwork. 2. 2 Strategic Thrusts The strategic thrusts that the company has identified to keep them ahead of their competitors are: ? ? ? ? Customer Focus People Experience Quality Excellence Financial Strength 2. 3 Culture The company culture has been highly influenced by its chairman nd Managing Director, Mr Kenny Yap. Entrepreneurial leadership, incorporating the best in both management and knowledge governance practices are values he brings to the company. The essential components of Qian Huââ¬â¢s business culture are belief in values such as hard work, employee welfare, family cohesion and skilful change leadership. The organisational culture at Qian Hu has evolved from a ââ¬Å"family valuesâ⬠c entric one to one which encompasses more professional practices by instituting best employer practices. Appropriate measures are adopted to encourage value creation, entrepreneurship, organisational culture and the training and development of its employees. However the company recognises that for effective change management to take place, it is imperative to retain some elements of the family culture. The company also differentiates itself form its competitors through a high quality service culture and the use of technology. Qian Hu places high importance on product knowledge and training, and ensures that each of their sales staff is competent in their product knowledge. QIan Hu is differentiated from the rest of the competition in terms of tis integrated services, brand, distribution network, manufacturing capabilities, and most importantly, its quality, innovation and service culture throughout the Group. â⬠ââ¬â Qian Huââ¬â¢s total value chain 3 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd 3. Operations Qian Hu Corporation Limited has offices and subsidiar ies in 4 countries, including Singapore, Malaysia, China and Thailand. Together, they are involved in 4 types of businesses: Ornamental Fish, Arowanas, Aquarium and Pet Accessories and Plastic Bags. The organization has a proportionately diversified workforce with 49% below the age of 30, and a third of its employees are from Malaysia. Qian Hu joined the Employee Alliance (EA) 1 in 2006 and the company regularly participates in workshops, knowledge-exchanges and industry related events. The EA also provides a network of CEO-advocates that provides peer-to-peer outreach. As an EA member, Qian Hu has embarked and actively encouraged other organizations to understand the importance of integrating Work-Life initiatives into their people management. Its chairman and managing director, Kenny Yap, believes that building Work-Life values into the corporate culture is crucial. Major benefits of a Work-Life harmony for Qian 1 EA is a local association established to spearhead the adoption of Work-Life practices and make organizations aware of the business benefits in implementing Work-Life strategies 5 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd Hu include low staff turnover. Staff turnover is lower than the national average and the industry trends, and Yap recognizes that the key to managing turnover is employee recognition and appreciation. Some of Qian Huââ¬Ës Work-Life initiatives include allowing employees to work parttime during crucial periods such as when employees need to prepare their children for major exams such as the Primary School Leaving Examinations (PSLE) or Singapore-Cambridge GCE ââ¬ËOââ¬â¢ and ââ¬ËAââ¬â¢ Level Examinations, providing Personal Digital Assistants (PDAs) for their salespeople to help them better manage their time, and enabling senior employees to work beyond the statutory retirement age. ââ¬Å"Being an SME is an advantage because you can easily and quickly build a Work-Life culture. The small size allows us to be close-knit, informal and flexible. In Qian Hu, we treat each employee as a family member with love and mutual respect. I believe Work-Life strategy helps us create that conducive environment where employees can feel at ease and perform at their best. â⬠ââ¬â Kenny Yap, Chairman and Managing Director, Qian Hu Corporation Ltd Senior management is highly involved in communicating Qian Huââ¬â¢s vision, missions and values and this is achieved through the flat hierarchical structure. Senior management regularly holds informal tea meetings with their staff, walk-abouts, and creating employee focus groups for feedback. The organization has developed and established human resource strategies derived from the environment, labor laws and practices, needs of the workforce, and business sector and management inputs. The objectives of such strategies are aimed at being a competitive employer, having a proactive learning and thinking workforce, and to nurture a family culture environment. Human resource practices at Qian Hu aim to fulfill five criteria; Manpower Planning and Staffing, Employee Involvement and Commitment, Training and Development, Employee Health and Satisfaction, and Performance Management and Recognition. Implementation of plans and subsequent reviews are done through meetings with line managers and senior management. The organization intensively studies best practices of other leading people-centric organizations in order to adopt relevant strategies for value creation, 6 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd entrepreneurship, organizational culture, people development and compensation. Organization models that they try to emulate include Robinsons, Development Bank of Singapore (DBS), and Philips Singapore, all of which have managed to generate high value creation and business performance through their human resource practices. Qian Huââ¬â¢s senior managers also attend bi-monthly information sharing sessions and best practices seminars to understand more about people development trends. Qian Huââ¬â¢s performance management system integrates organizational values and functions to reinforce positive behaviors and practices. Variables include on the job performance indicators, participation and contribution towards innovation, quality and team activities and expression of the Qian Hu culture. The appraisal would then affect the salary increment and annual bonus. The flexible bonus system is tied in to profit performance, while flexible wage issues are constantly being improved. In order to ensure that the performance and recognition systems are effective, Qian Huââ¬â¢s senior management, HR team and line managers review the performance and recognition systems in the company regularly. A variety of formal mechanisms such as management review sessions, employee opinion surveys (EOS), 360 degree feedback, performance achievement, third party feedback, and turnover statistics are used which enhances job satisfaction, performance and employee involvement. Target set for EOS satisfaction level is a minimum level of 90%. The organizationââ¬â¢s Total Learning Plan is reviewed based on training effectiveness, system relevancy and the impact on business results. Training Needs Analysis (TNA) is conducted based on inputs from departmental supervisors, annual performance appraisal and Qian Huââ¬â¢s internally designed executives and non-executive competency matrix. While overall average training per staff has been on a constant gradual increase, staff turnover has fallen with the execution of Qian Huââ¬â¢s various HR strategies. The Employee Involvement Framework also involves the establishment of a Staff Participation Committee which is placed in-charge of leadership involvement, rewards and recognition, communication and training and development. The initiative resulted in the implementation of numerous creative ideas organizationalwide which played a significant role in driving overall business performance. The HR department plays a crucial role in championing a majority of the initiatives that helped engaged and involve employees. Examples include a Staff Suggestion 7 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd Scheme to encourage ideas for improvement from individual employees, Community Projects comprising of home visits and donations to help promote compassion and obligations of being good corporate citizens, and Staff Dialogue Sessions to promote two-way communications and bonding within employees, as well as between the management and non-management staff. Finally, to ensure that Qian Huââ¬â¢s people management strategy supports business objectives, Kenny implemented a performance reward system together with his brother Andy, who was the previous HR director. In 2003, Andy handed the HR function to their HR manager, Raymond Yip. Staff performance is appraised on a 20criterion scale whereby staff receives points whenever they achieve the criteria. 3. 3 Corporate Social Responsibility Qian Hu has always believed that ââ¬Å"all lives should be cherished and treasuredâ⬠and has in place processes and initiatives to ââ¬Å"walk the talkâ⬠. The company adopts a 3pronged approach to contribute; the environment, the community, and the business community. Environmental preservation Qian Hu currently uses an ISO-14001 certified environment management system where rainwater is recycled to be used to irrigate all of its farms. In addition, any waste produced by their fish is treated first before being released. Qian Hu personnel are trained to reuse and recycle any reusable items, from small items like rubber bands, cups and plastic bags, to larger industrial equipment like Styrofoam containers and packaging boxes. Giving back to the community Qian Hu believes in giving back to the underprivileged, and has an annual fund raising event for the elderly. The company matches dollar for dollar at these events to show and pledge their sincerity. Also Qian Hu conducts free tours of its facilities for underprivileged students, as well as sponsoring overseas internships for a few talented students. Additionally, Qian Hu is strong supporter in the Speak Mandarin Campaign. 8 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd The Business Community Qian Hu is committed to increasing the knowledge of ornamental fish breeders on techniques in fish breeding and care. The company organises talks on the subject regularly, and many can pick up a trick or two by visiting their facilities. In addition, Qian Hu is committed to developing young entrepreneurs and its CEO, Mr. Kenny Yap, is constantly open to talks and interviews. He is a regular speaker at SMUââ¬â¢s Lee Kong Chian Scholarââ¬â¢s Program dialogues, and often shares his success story. 4. Kenny Yap ââ¬â The Entrepreneur 4. 1 Profile and Background When Kenny was seven, he bought a gold fish that cost 50 cents. Some of his brothers laughed at him when he brought the fish home because the gold fish had a broken tail. But to Kenny, his brothersââ¬â¢ opinions were immaterial as he thought it was a good fish. The recipient of the 2003 Ernst Youngs Services Entrepreneur of The Year Award now realizes how important such a trait is for an entrepreneur ââ¬â to not be easily swayed by the opinions of others. His belief is that ââ¬Å"as long as we can live up to our own conscience, we need not seek approval from others. Being the youngest of seven sons in the family, Kenny had the privilege of going abroad to study in Ohio State University, and obtained a first class honours in Business Administration. His elder brothers, on the contrary, had to help out at the guppy farm then. In 1989, a thunderstorm wiped out the farmââ¬â¢s entire stock of guppies and the Yap family had to start over. After returning from the United States, Kenny was appointed by his family to head the business in 1994. Having a degree was not equivalent to hands-on experience in the family business, and Kenny had to work his way through to gain credibility among his siblings. Together with his four brothers and two cousins, they teamed up to turn around the business and renamed the company ââ¬Å"Qian Huâ⬠, which means ââ¬Å"a thousand lakesâ⬠in mandarin. Today, Kenny Yap is Executive Chairman Group Managing Director of Qian Hu Corporation Ltd, Singaporeââ¬â¢s first integrated ornamental fish service provider as a breeder, distributor, manufacturer and retailer, Qian Hu has come a long way from being a medium sized enterprise to becoming a public-listed company with export links to more than 75 countries globally. 9 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd 4. 2 Instilling a mindset of Change Kennyââ¬â¢s education in business administration at a American university led him to have different perspectives in running a business and he went on to explore new management concepts such as customer relationship management and ISO quality certification. Several organizational reforms have taken place under Kennyââ¬â¢s leadership such as the Strategic Business Planning exercise in 1997, Corporate Restructuring in 1998 and the National Cost of Quality Program in 1999. The objectives of these programs were to work towards business excellence and diversify both products and export markets. Kenny also initiated other change measures such as implementing technological processes, modifying the organizational structure and human resources management, to support the firmââ¬â¢s strategic direction. These concepts and programs were rather new to managers of small and medium-sized enterprises, but Kenny capitalized on the first-mover advantage and successfully led Qian Hu through this transition process. 4. Going Public Yapââ¬â¢s entrepreneurial spirit wanted to prove to the world that the ornamental fish breeding business could be a thriving and profitable industry. In November 2000, Qian Hu launched its IPO and was listed on the Singapore Exchange. In preparing for the IPO, Kennyââ¬â¢s greatest challenge was in persuading his family members to change their mentality from that of a private limited company to a public listed company, a corporate st ructure in which management was separate from the owners. Previously, he also had to change their mindset that they were going to be a private limited company nd no longer a family partnership entity. Yap said that one of the main reasons for his push for the IPO was to keep his siblingsââ¬â¢ children from taking over the company, as well as forcing Qian Hu to adhere to transparent business practices. One of the biggest changes of becoming a listed corporation was that the business had an additional group of stakeholders to manage ââ¬â the shareholders. Voting rights had become more diluted, and decision-making could prove to be a difficult process as both the shareholdersââ¬â¢ interests and the companyââ¬â¢s business had to be considered. . 4 Embracing Technology and Change The first step after taking over the business was to convey the message that the company was a separate entity from the family members. This was crucial so as to 10 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd develop a management structure that supports the execution of company strategies. Everyone had to be responsible for the performance and welfare of others, if they wanted to bring relatives in to work for the organization. Kenny capitalized on advanced technological processes to build the fish farmââ¬â¢s infrastructure. Qian Hu adopted high-tech farming methods, such as a temperature controlled packinghouse, computerized system of trading records and a laboratory for fish examination and water analysis. Specialized equipment helped to increase operational efficiency, and a mobile distribution management system (DMS) helped streamline sales processes and enhance the time spent with customers. Qian Hu also began leveraging on mobile IT system in 2003 to manage its customer accounts and distribution. Over time, Qian Hu realized that the system was not able to manage the increasingly complicated business and customer expectations. Sales orders for stock code that were previously not captured in the mobile system had to be filled out by hand, resulting in billing delays and manual re-entering of data into the accounting system. There was an established discount structure, but the system was unable to compute customer discounts accordingly and the van-sales representatives had to constantly refer back to a printed price list, which defeated the purpose of the technology. With the new MEVO Mobile DMS, the van-sales team was able to meet customer needs in real time and no longer be immersed in paperwork rone to human error. Qian Huââ¬â¢s investments in research and development have aggressively propelled its success in manufacturing plastic bags, which are used to pack ornamental fish for sale. Qian Hu spent more than S$200,000 and developed the worldââ¬â¢s first automated packaging machine for ornamental fish. The machine increased output as much as 80% and reduced the amount of labour by 66%. Kenny embrace d the Western corporate structure by delineating roles and responsibilities for each family member. This caused tension among his siblings, since Chinese family enterprises seldom trust outsiders (see Family Run Business ââ¬â Problems). But Kenny made a bold step to hire managers that were non-relatives. Through changing the familial mindsets of his family members, Kenny was able to transform Qian Hu from a traditionally run family business, into a world class player in the regional aquarium fish market. 11 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd Qian Hu, like any other business, also faces the challenge of attracting, developing and retaining talent. The lack of financial resources means that Qian Hu can only differentiate itself by its organizational culture and HR practices, so that employees can be motivated to provide good quality products and services. While the compensation may not be as attractive, Qian Hu can be an employer of choice by having a transparent and equitable corporate culture, a compassionate working environment, and open communication channels for everyone to have direct interaction. A strong management team serves more than just a differentiating factor for Qian Hu, but also ensure that the organization is responsive to a changing environment. . 5 Creating an Entrepreneurial Culture Yap is a prominent entrepreneur in Singapore and was recently appointed by National Youth Council as the Chairman of the Youth Award (Entrepreneurship) Committee. Business Week also voted him as one of the 50 Stars of Asia in 2001. Qian Hus role in establishing Singapore as the ornamental fish capital of the world has distinguis hed Yap to be a remarkable business leader in the Chinese market. He feels that leadership stems from being able to trust oneââ¬â¢s employees and being able to delegate. Yap also cautions that delegation comes with responsibility. Far from being the typical authoritarian leader whose power revolves around a patriarchal founder, Yap strongly encourages his employees to make suggestions. This is done through employee opinion surveys (EOS), third party feedback, and employee involvement. Be it during their monthly meetings, informal gatherings, recreational activities or formal employee opinion surveys, he likes to ask his employees to think about new ways of doing things. He aspires for Qian Hu to be a thinking organization, like General Electric and Citibank, one that sustains growth and is able to keep pace with changes. Yap hopes that both the young and old can learn from each other. While youths have novel ideas and can create new trends, the veterans possess a wealth of wisdom and experience. Old ideas can be new again, and new ideas should contain old truths. All employees who work for the company must be interested in tropical fish, because they need to understand the companyââ¬â¢s products in order to manage operations well. As for top management, Qian Hu offers more than just a career, but also a vision of what they managers want to achieve in their own lives. Kenny 12 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd places significant attention on a strong company culture and a good management system, because employees will stay on with the company if they perceive themselves to be treated fairly and share a common vision with the company. Kenny developed a performance reward system so that the highest achievers can rewarded accordingly, symbolically as well as financially. Entrepreneurship is one of the four core values of integrity in Qian Hu. This comes about from creating a unique organizational culture and is expressed in the HR handbook, which includes the corporate vision, mission, values and strategy. What Kenny has done in Qian Hu was to put a human face to the corporate culture and transmit and instil it in the organisation. 4. 6 Learning from Mistakes The road to success was not without failures. In 1989, after the flood washout, the Yap family tried to rear high-fin loaches. This breed of fish was a popular fish during that time, but competence in that breed of fish was inadequate. Vibrations from the power tools used to install new fish tanks killed 4,000 four-inch high fin loaches, worth a total of $270,000. The company learnt that they needed to know their products well and the importance of risk diversification. This lesson proved to be so valuable that the high-fin loach is now the mascot of Qian Hu. 4. 7 The Business Challenge When a customer spends $1 on fish, he typically spends another $5 on accessories. Qian Hu has identified the accessories business to be a potential driver of the business growth strategy. They established a joint-venture in Guangzhou, set up a new subsidiary in Thailand and a new fish division in Malaysia. Despite setting up these manufacturing bases to gain access to low cost and human capital resources, low barriers to entry in the fish accessories industry has seen new entrants fighting for market share, causing Qian Huââ¬â¢s profit margin to fall 8. 9% in 2003. 5. Management The primary figures who make up Qian Huââ¬â¢s Management team are Kenny Yap Kim Lee, the Executive Chairman and Managing Director, Alvin Yap Ah Seng, Deputy Managing Director, Andy Yap Ah Siong, Deputy Managing Director and Teo Boon Hock, the General Manager. The Managementââ¬â¢s key responsibilities revolve around the day-to-day running of the Group as a whole, and providing the Board of 13 MGMT 104 Group Case Study ââ¬â Qian Hu Corporation Ltd Directors with a continual flow of relevant information on a timely basis so that it may effectively discharge its duties. On a monthly basis, Management furnishes the Board with up-to-date financial reports and other information on the Groupââ¬â¢s performance for effective monitoring and decision-making. Qian Hu Corporationââ¬â¢s Management also works closely with the Audit Committee (ââ¬Å"ACâ⬠) in evaluating the adequacy of internal control systems of the company and holds discussions with the AC concerning the significant internal audit observations, together with the managementââ¬â¢s responses and actions to correct any deficiencies. The Groupââ¬â¢s Executive Chairman and Managing Director, Mr.Kenny Yap, plays a vital role in the development of the Groupââ¬â¢s business and provides the group with strong leadership and vision. In addition to the day-to-day running of the Qian Hu Corporation, he also serves to ensure that all members of the Board of Directors and Management work well together with integrity and competency so as to achieve the greatest amount of success for the Group. His responsibilities include setting guidelines on quality, quantity, accurateness and timeliness of information flow between the Board, Management and shareholders of the company.
Saturday, April 11, 2020
How to Write an MBA Essay Using a Table of Contents Sample
How to Write an MBA Essay Using a Table of Contents SampleAn MBA Essay Table of Contents Sample provides a wealth of material for your first step to writing an essay. In the traditional format, MBA courses require students to write up to six full-length essays. An MBA Essay Table of Contents Sample can help you decide which essay topics you wish to cover. And they are perfect for those who do not have time to draft their own essay on each topic.A customized MBA course may provide you with a sample of your choice of topics. This means that you can put in some writing time and simply go through the sample table of contents. Some MBA course material is available online or downloaded. Online resources are fast and easy to access and this could be invaluable when your time is limited. It is also good for quick assessments when someone is willing to volunteer a little writing time.The table of contents sample is an excellent way to get your message across quickly. There are multiple ways t o use it. For example, you can use it to inform the reader what the essay should contain, or to help you put together a keyword title. You can also use it to create a specific theme for your essay.You can also purchase a writer's kit. There are several resources online for students interested in writing an MBA essay. If you want to use a sample as your guide, it is a good idea to find out what is available from a book or consultant. These are often inexpensive and quite comprehensive. They may also give you a starting point and let you make important choices about the contents of your essay.An MBA course might help you get started with developing a good composition, but if you are already a writer you can build upon it. A writing course can teach you how to create a unique and engaging essay and how to create a quality title. A teaching curriculum might be the best source for extensive writing training.A good article is a powerful tool for expressing ideas clearly and concisely. You r chosen MBA Essay Table of Contents Sample might help you decide what topics to focus on. The materials you use for the table of contents can guide you in picking the correct article topic.The skills and techniques you learn in an advanced writing class can help you when you are using them to construct an essay. Having a choice of topics allows you to have control over the content. Writing this kind of material can be challenging, so even if you don't learn everything you need to write an MBA essay yourself, you will know how to make the process easy. A customized MBA Course provides you with a table of contents sample.
Friday, April 3, 2020
A Day Awaited for Five Years free essay sample
My entire body was engulfed in a cold sweat. My heart was pounding a thousand times in a single second. Yet, somehow I felt at any moment I could let go and everything would still be okay. Monday, April 23, 2018, had been the day I had waited for since the first day of my eighth- grade year. Beginning from the time I woke up, at 5:45 A.M. till about4:30 P.M., when I left school, would be the day where I felt any possible emotion to ever experience. That day was election day. ERââ¬âERââ¬âER! My alarm went off and my heart began to race. After months and months of hard work and campaigning, today would be the day that I would try to achieve one of my biggest goals. As my mom was driving the car, all I could do was keep quiet. However, on the inside of my brain every circuit was cut loose and I was losing my mind. We will write a custom essay sample on A Day Awaited for Five Years or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I just wanted this day to be over. Finally I got to school and my nerves were kicked up to one thousand percent. I was very much on edge. All of the ââ¬Å"good luckââ¬â¢sâ⬠and ââ¬Å"youââ¬â¢re definitely going to winââ¬â¢sâ⬠seemed nice, but I felt like everything was on overload. It was almost as if I had only two senses, sight and hearing. I could barely speak and everything around me was pretty much non-existent. As lunch was rolling around, the girls I was campaigning with all met up to say our final words before the election. I was barely able to speak but somehow I managed. My last class rolled around, and before I knew it I was walking down to watch the elections. As I was walking into the child development room, I was greeted by my nervous friends, anxiously waiting for this to be over. The carpet had an unusual look, as I tried to notice anything but the election. The walls, a pasty beige and the green stone bricks, particularly shiny. SNAP! I was pull ed out of my daze by Mrs. Buras. ââ¬Å"We have to be quiet! This hallway cannot be disturbed by the candidates who are running. Letââ¬â¢s just take a deep breath.â⬠We all sat and there was a stinging silence. Ms. Dupre and Mr. Carreau noticed all the nerves flying in the air, so they started to crack some jokes. All I could think was, ââ¬Å"Itââ¬â¢s all laughs and giggles until I donââ¬â¢t win.â⬠I was so doubtful of myself and pulling out a win. The speeches started to role and my brain went completely black. Literally! I could not think, I could not speak, I was just waiting for the biggest let down ever. First it was the presidentsââ¬â¢ speeches, then the Vice-Presidentsââ¬â¢, then secretary, and then my death. I heard the first two treasurer candidates and then my face popped up and my speech began, ââ¬Å"They went on down to the Audubon Zoo and they all asked for BLAH BLAH BLAH.â⬠I refused to listen because I felt that everything was going to end in a disaster. The votes had been counted and all of the candidates were awaiting the news. When the moderators entered the room I tried to read their faces, but all I could see were poker faces. All of the candidates were waiting, but my heart almost burst out of my chest once they announced the treasurer. It was me! I won and no one could deny it! I felt like I was on top of the world. Like King Kong on the Empire State Building with my Student Council office key in hand. The moderators finished calling out the winners and we all darted for the door. Jumping, skipping, and smiling ear to ear, all of us were as happy as we had ever been. For me, this was a moment in time where I proved myself wrong. I learned something that day: even though my long-term goal seemed out of reach, all the small things that I did made my dream a reality.
Sunday, March 8, 2020
Writing for a Cause Supplementing Income with Grant Writing
Writing for a Cause Supplementing Income with Grant Writing As far back as I can remember, I have wanted to be a writer in some capacity. In the 90s, when I graduated from college and before the internet of things, I had no idea how to make that happen. I became a social worker. Working forà Big Brothers Big Sistersà was very rewarding, but the pay was low and the hours were long. To supplement my income, I presented at seminars and wrote occasional grants. I had no formal grant writing experience, and Iââ¬â¢m not even sure that we won any of the grants, but I made extra cash. Twenty years later, content writing comprises a little more than half my income. Although I was aware ofà grants available to writers, I had not touched a grant since the 90s. One morning, I received a phone call. A one-year-old, local non-profit agency needed a grant writer, and a friend recommended me. Regardless of my limited experience with grant writing, I was hired. Apparently local grant writers are difficult to find, especially for a new agency. I believed in the organization and wanted to help, but I had no idea how lucrative it would become. How It Works Initially, I agreed to a ââ¬Å"per projectâ⬠fee, to ensure a good fit for everyone. We were awarded the very first grant I wrote, and my fee was $500. The grant took me about four hours to write, so I was very excited for the next proposal. After a month, the Board of Directors approved me as a permanent grant writer and the agreement looks like this: A retainerà of $500/month for one year, subject to an increase with a 50 percent award rate. Bonuses paid for awarded grants equal to five percent of the award amount. Researching and recommending grants each month is part of the job. Over the past few months, I have tracked hours spent researching and writing grants, as well as time spent on planning calls with the Executive Director. On average, I spend twelve hours per month on this job. My average monthly income to date is $1200, or $83/hour. This amount will increase, as I am on track to write nearly one million dollars in grants this year. My monthly hours will increase as I write larger, more complex grant proposals. If my award average is 50 percent or higher, my estimated income will be $37,000 for the year, equating to well over $100/hour, even with increased hours. A Few Words About Ethics Mostà grantwriter associationsà have determined that commissions based on percentages of awarded grants is unethical. And, more importantly, grants rarely allow funds to be used to pay a grantwriter. Agencies must fundraise to cover operations expenses, such as grantwriting. In my case, the agency budget includes my retainer, which compensates me for hours spent, even if a grant is not awarded. The budget also includes bonus money to be paid out for awarded grants. The percentage is used as a bonus guideline; however, my grantwriting fees are never paid directly from a grant. When I dreamed of being a writer, I did not dream of blog and grant proposal writing. Writing opportunities can pop up everywhere. Even though my writing career hasnââ¬â¢t included bestselling novels and coast to coast book tours, I am influencing the world with words. The income has been great and it feels good to know that my writing skills are helping to fund an important cause.
Thursday, February 20, 2020
International Business Examination Essay Example | Topics and Well Written Essays - 5750 words
International Business Examination - Essay Example First stage In the first stage, the emphasis is on research and development that is focused on new product development. The firm is able to maintain its leverage in the market due to high demand for the product which has relatively few competitions. The stage is also marked by high profitability which gives further thrust to technology and processes. But the new product has smaller domestic market. The first stage is inherently linked to strategic initiatives of the firm which are used to exploit its competitive advantage to progress to the next level. Second stage The second stage of productââ¬â¢s life cycle is process of maturing which leads to competition because other firms compete on variations of the product putting downward pressure on the prices. This necessitates the innovating firm to expand globally and focus on technology and intense marketing to maintain its niche market position. The phase also highlights growth of the firm with higher emphasis on internationalizatio n in order to gain leverage by shifting production to new location in other countries with low production cost and increase profit. The near standardisation of product results in established technologies, low focus on R&D and growing domestic and export market. FDI emerges as attractive option mainly for two reasons: to ease out price pressure from the domestic market; and to overcome the barriers of import in foreign countries and lower production cost (Krugman & Obstfeld, 2009). Moreover, the stage is also relevant because it provides opportunities for firms to expand their market internationally and create new avenues of growth. Third stage In this phase, the product is matured and completely standardised and there is intense competition. With market saturation, the production is moved to overseas production sites with low production cost so that finished goods can be re-imported from these locations for home market with higher profit margin. Some scholars believe that the maturi ty of the product accelerates R&D to infuse it with greater value added service so that it can serve the changing needs of the customers as new product (Leinwand & Mainardi, 2010). This is interesting because it promotes the concept of recycling of products and product cycles to constantly improve and improvise market. Thus, firms can maintain their niche position through constant innovation and growth in new market and existing market. 1(b) In the 21st century, the model provides a realistic description of firm internationalization. The stage approach is supported by various scholars who believe that sequential progression in the stages of product life cycle creates linkages for internationalization of firms (Li, 2007; Johanson & Vahlne, 1990). The virtual economy, liberalization of market and most importantly, the inter-dependence of resources promote expansion of market and serve as major imperative for internationalization of firm. The innovative firm in the developed country fi rst serves domestic market and gradually expands to other developing nations to serve local markets to leverage increasing competition. Later emerging markets provide them with locations that are cost effective in terms of production and become attractive. Most importantly, in the 21st
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