Netflix Business Plan - 3284 Words

Netflix Business Plan Company Overview Founded in 1997, Netflix is the world’s leading Internet subscription service for enjoying movies and TV shows. Globally, the company has over 23 million streaming members. Netflix is in the Video Entertainment Industry. Some of the many streaming devices include: the Xbox 360, Wii, PS3, iPad, and iPod, to name a few. In all, there are more than 700 devices that are available for streaming from Netflix. Corporate Headquarters is located on 100 Winchester Circle, Los Gatos, CA 95032. The company has over 900 employees at the corporate headquarters. Netflix, Inc. trades under the NFLX symbol on the Nasdaq stock exchange. Netflix’s vision for the future is to become the best global†¦show more content†¦Netflix is focusing on two major aspects of the business the first is to try to gain the subscriber’s hey have lost and to bring in new one by heavily marketing what the business has to offer. The second focus is that Netflix has also realized that they have not established a strong international presence and as a result the company has frozen future international launches until the given goal that was set out is achieved. Upon analyzing Netflix in the Online streaming industry there are many strengths that Netflix has. One is that Netflix revolutionized the industry by Differentiation. It is key to this industry being able to distinguish the company from its competitors. Secondly, Netflix is known for their recommendation system. This is more of their Niche strategy. They saw that now companies were doing this and from their research and development team they found that there was a market for this. However there are prevalent weaknesses that Netflix has such as: Customer loyalty, Market Vulnerability and relying heavily on one person set of skills. There are many competitions and many of Netflix customers are also customers at other online streaming websites. Secondly Netflix has not been around as long as Blockbuster and does not have the brand recognition that Blockbuster has. The online streaming industry has market vulnerability. The online streaming industry is rapidly changing, andShow MoreRelat edNetflix Business Plan Proposal Essay2291 Words   |  10 Pagesthat would create higher value and dictates premium price. Another preliminary analysis for a company is the Business Portfolio Matrix. The first step in the business portfolio matrix is to identify any division that can be considered a business. Once all divisions (SBU’s) have been identified, the matrix can be used to measure their performance. The matrix depends on two business indicators: The vertical indicator, â€Å"market growth rate†, refers to the annual rate of growth of the market in whichRead MoreSwot Analysis of Netflix.Docx Essay736 Words   |  3 PagesSWOT analysis of Netflix Strengths * Good user experience Netflix is first provider of delivered DVDs by mail that became common way and convenience for customer. Netflix offers DVDs to customers with quick delivery, which is mostly within one day (Willy Shih, Stephen Kaufman amp; David Spinola, 2007). In addition, customers utilize good recommendation system provided by Netflix (Scoot Merrill, 2009). Besides, customers are able to be given good customer service support (Katie Hafner, 2009)Read MoreBus 451 Business Strategy And Policy1623 Words   |  7 PagesAssignment # 1 on NETFLIX, Inc. Submitted to: Professor Dr. Joel Reichart School of Business Management Degree Program Subject: BUS 451 Business Strategy Policy Berkeley College Submitted By: Brittany O’Brien Date of Submission: 5 April 2016 Student Name: Brittany O’Brien Company Name: Netflix Inc. Industry: Video Tape and Disc Rental NAICS code: 532230 Market: NASDAQ Global Select Market Symbol: NFLX Revenue (Latest YR): $6,779,510,000 Company Profile: Netflix, Inc. is a U.S. basedRead MoreTaking a Look at Netflix1147 Words   |  5 Pagesanalysis PESTEL There are not many political elements, the main things Netflix must worry about is the growing internet based business industry and the truth that one day it will be more heavily regulated by the government because of its size. Economic factors are that what Netflix offers is a luxury, and a need not necessarily a want. So people will only pay what they feel the value of Netflix’s offering is, therefore Netflix must keep its price low to appeal to a greater range of consumers. HenceRead MoreCommunications Plan: Netflix1406 Words   |  6 PagesNetflix is recovering from one of the worst self-inflicted corporate marketing gaffes in years. After years of offering an excellent value to customers purchasing its unlimited single DVD and streaming services for only $9.99 a month, Netflix unexpectedly announced that it would be completely separating its DVD service from its streaming service, causing a price increasing of 60% to $15.98 for customers who wanted to keep both services . Overnight, Netflix angered many of its very loyal customersRead MoreNetflixs Approach to Marketing Essay1143 Words   |  5 Pagesco-found what is known today as Netflix, â€Å"the world’s leading internet subscription service for enjoying movies and TV shows,† (Netflix, Facts). The purpose of this paper is to the process of exchange between Netflix and their customers, as well as Netflix’s approach to relationship marketing and how this marketing technique has helped Netflix leave their competitors in the dust when it comes to customer satisfaction. From its inception, Netflix has become a business based on superior customer serviceRead MoreNetflix Is An International Provider Of Television Series1571 Words   |  7 PagesINTRODUCTION Netflix is an international provider of television series, cartoons, and movies. It was founded by Reed Hastings and Marc Randolph on August 29, 1997. It has its headquarters in Los Gatos, California. Seventy-five million people are subscribed to Netflix, and forty-four million of the subscribers are from the United States of America (Lieberman). Netflix was recently launched in one hundred and thirty countries such as the United Arab Emirates (UAE) and Saudi Arabia. Subscribers signRead MoreNetflix s Position As The Top Movies Streaming Service Provider1658 Words   |  7 PagesExecutive summary Netflix. Inc was founded in 1997 as a DVD mail delivering Service Company that has grown to become a renowned movie and Television series streaming provider. After launching its streaming services in 2007 Netflix diversified and expanded its streaming services to Canada as of 2010 and is now a household name in more than 190 countries. The business model that the firm has implemented since its inception has proved superior to its competitors. Before venturing in the Canadian marketRead MoreSwot Analysis Of Netflix1318 Words   |  6 PagesThe biggest weaknesses in Netflix was it’s marketing strategies, pricing, and average brand image presence. It met a lot of challenges in the Indian market. They had problems lack of local content and research of what the consumers wanted and no local content. Only 7% of Netflix was tailored to the Indian market. It’s similar to trying to market an American product in an Indian market. The prices were considered luxury prices and because of the lack in brand image a lot of Indian consumer would stayRead MoreEssay on Netflix1023 Words   |  5 Pages(co-founded) founded Netflix in 1997. During this time, Netflix offered DVD rentals by mail. As Netflix went public in 2002, shortly a year later their subscription reached the one million mark (Netflix Management, 2011). Recently, Netflix is recognized as one of the 50 most innovative companies, ranking number eight for â€Å"streaming itself into a $9 billion powerhouse (and crushing Blockbuster)† with 20 million subscribers (fastcompany.com, 2011). This success shows how Netflix embraced a business approach where

Teenage Moms That Are Still In High School Get Pregnant

Teenage moms that are still in high school get pregnant at a young age, and are not able to support themselves or their child. There were just under a quarter million pregnancies in women ages fifteen to nineteen in 2014. About eighty-five percent of these pregnancies are unplanned, which in any population can increase the risk for problems. The biggest risk for teen mothers is delaying prenatal care or worse, about seven percent received no care at all. According to CDC, In 2014, almost 250,000 babies were born to women aged 15–19 years, for a birth rate of 24.2 per 1,000 women in this age group. This is another historic low, and a drop of 9% from 2013. Birth rates fell 11% for women aged 15–17 years, and 7% for women aged 18–19 years.†¦show more content†¦This counseling will usually include information about prenatal vitamins, folic acid, and the dos and don ts of eating and drinking. Lack of proper nutrition can lead to problems like anemia, and low weight gain. Another problem facing teen mothers is the use of drugs and alcohol, including cigarette smoking. No amount of any of these substances is safe for use in pregnancy. In fact, their use can complicate pregnancy even further increasing the likelihood of premature birth and other complications. Pregnancy during adolescence makes you face a lot of questions, such as the money and childcare support for the coming baby and the ways to provide for his or her education. The strain that this can put on a girl’s life can adversely affect her for the rest of her life. The living conditions that baby would have to endure when growing up also depends on how well the teenage mom, who is herself a child, is able to find answers to these questions. There is a strong relationship between poverty and teenage pregnancy. However, a teen mom needs to manage the problems with her health, during delivery as well as complications later on in life. Although, the teen moms are likely to ignore taking care of their own nutrition as they are not aware of the demands that pregnancy puts on their bodies. Thus, it takes a lot out of a pregnant teen to handle the strains of maintaining her health as well asShow MoreRelatedTeenage Pregnancy Sections I And II1738 Words   |  7 PagesTopic: Tee nage Pregnancy Sections I and II Primary Audience: My primary audience is the citizens of the U.S.; this includes tax payers, parents, state officials, education officials and teen moms. In the U.S. we have several teens that are experiencing unprotected sex, without any knowledge of pregnancy prevention or sex education. When teen girls become pregnant, this also affects the parents. This is a huge responsibility and burden for all involved parties. Health benefits are needed forRead MoreTeenage Pregnancy And Teen Pregnancy905 Words   |  4 Pagesâ€Å"16 and Pregnant†/ â€Å"Teen Mom† Promote or Discourage Teenage Pregnancy? (Agree/Promote) When it comes to the topic of do TV shows like â€Å"16 and Pregnant† and â€Å"Teen Mom† promote or discourage teenage pregnancy, most of us will readily agree that it in fact does promote teenage pregnancy. Where this agreement usually ends, however, is on the question of how does this promote teenage pregnancy. Whereas some are convinced that it promotes teenage pregnancy through the fame some of the young couples haveRead MoreTaking a Look at Teen Pregnancy1197 Words   |  5 Pagesthe teen birth rate in the U.S. was 61.8 births for every 1,000 teenage girls, compared with 29.4 births for every 1,000 females in 2012 that’s pretty good. The U.S. teen birth rate is still higher than that of many other developed countries, including Canada and the United Kingdom. Although the teenage pregnancy numbers are decreasing, there’s still a lot of pregnant teens in today’s society. Many of the teens that do get pregnant sadly do not know very much about the whole process. They know aboutRead MoreThe Negative Effects of Teen Pregnancy1085 Words   |  5 PagesThere are different effects on teenage mothers than there is on teenage fathers. Mothers lose more friends and are looked at way differently; fathers keep most of their friends without too many people having an opinion about him. After the mother has her baby, she can’t go back to school, so she has to be put on homebound. The father can go to school, can play sports, and can have fun with his friends. Both the mother and the father have responsibility, but the mother has to do more, like work toRead MoreArgumentative Essay1417 Words   |  6 Pages16 and Pregnant Promote or Discourage Teenage Pregnancy? Teenage pregnancy has become a major issue in today’s society for our adolescents. This is a major problem for all who are involved. It creates hurt and a struggle for on the parents, especially for the mother (Gonchar and Schulten). Also for the parent(s) of the teenager this creates struggles for them because more often than not, they end up with the load of caring and looking after the child while the teenage parents are at school or outRead MoreShould Teenage Girls Be Allowed For Access Birth Control Without Parental Consent?920 Words   |  4 Pageswhether teenage girls should be allowed to access birth control without parental consent. Each parent has his or her own perspective, and reason behind this issue. Parenting styles help contribute to differing opinions on allowing teenage girls to access birth control without parental consent. Some parents of teenage girls believe they shouldn’t be allowed to access birth control without parental consent because it take s the authority away from them, and promotes sexual activity. Teenage girls canRead MoreThe Age Of The Pill1530 Words   |  7 Pageswill get pregnant. About 600,000 of these young women will give birth. In the 1950s, contraception was illegal in many states even for adults who were married. By the mid-1960s, contraceptive services also known as birth control were made available. By the 20th Century, teen pregnancy was the norm. The prevention of unintended adolescent pregnancy has become an important goal of our society. Although adolescent pregnancy and birth rates have been steadily decreasing, many adolescents still becomeRead MoreTeenagers And Birth Control Without Parental Consent897 Words   |  4 Pageswhether teenage girls should be allowed to access birth control without parental consent. Each parent has his or her own perspective, and reason behind this issue. Parenting styles help contribute to different opinions on allowing teenage girls to access birth control without parental consent. Some parents of teenage girls believe the y shouldn’t be allowed to access birth control without parental consent because it takes the authority away from them, and promotes sexual activity. Teenage girls canRead MoreTeen Pregnancy Essay1513 Words   |  7 PagesTeen Pregnancy Teenage pregnancy affects our society in many different negative ways. Approximately seven percent of all teenage girls in the United States become pregnant each year (MacKay, 6). Becoming a mom at a young age will make you grow up faster than the average teenage girl. You may have the help at home but it’s up to you to get things accomplished. That will cause you to rely on taxpayers and the society. For some teen moms, that’s all they will rely on, they don’t want more than thatRead MoreEssay on Mtvs 16 Pregnant Glorifies Teen Pregnancy1582 Words   |  7 Pagesteenagers. MTV’s show â€Å"16 Pregnant,† which has only been on air since June 2009, is already reflecting the rapid boom in teenage pregnancy across various cities in America. Since the early eighties MTV has been considered somewhat of a cultural phenomenon for American adolescents and its depiction of gender has a strong impact that continues to this day (Holtzman 2000). Created by Morgan J. Freeman (director of teen shows Dawson’s Creek and Laguna Beach), the show â€Å"16 Pregnant† has been said to be

Southern African Independence Explained by Country

Identity Theft Of The Modern World - 2764 Words

Identity Theft in the Modern World Chance Graff Executive Summary On March 13th, while browsing the 25th most popular website in the world, reddit.com, I received a personal message from another user of the site. The message was simple: â€Å"hi.† Not recognizing the username, gurbadurab, I decided to ignore it; they had other plans. After roughly an hour, I received another message from the same user, this time it was a little more personal. â€Å"how are you? [sic]† the stranger asked me. Wondering whether or not someone might be playing a practical joke on me, I checked their account page and learned they had made this account less than five minutes before messaging me. Still not thinking it was anything more than someone trying to twist my knickers, I finally responded to them, â€Å"Do I know you?† Half an hour later, I received my response, â€Å"no. but i know you. chance. [sic]† I remember thinking about a couple of ex-girlfriends I’ve had throughout the years that have known my username on this site, and wouldn’t be above doing something such as this. Regardless, gurbadurab had my attention. â€Å"And you re messaging me on Reddit instead of Facebook or a text, because...?† I responded to them. I received a rather coy and annoying response, â€Å"you’ve been a busy boy. [sic]† I’d had enough of the mockery; whoever it was behind that keyboard had gotten underneath my skin. â€Å"If you won t tell me who you are, then I m not interested in talking to you.† I responded. â€Å"wrong.Show MoreRelatedDefinition of White Collar Crime Essay1160 Words   |  5 Pagescrime that fits all these categories and the modern definitions of white collar crime is identity theft. II. What is Identity Theft? Identity theft has been around for many years, and is a method of stealing another person’s identity. The person who steals the identity then pretends to be the person whose identity they have just stolen. This is done to get the persons credit card information, their resources, and their benefits. The victim of the theft can have everything in their life taken fromRead MoreIdentity Theft Is Not A New Type Of Crime776 Words   |  4 PagesMerriam-Webster defines identity theft as the illegal use of someone else s personal identifying information (such as a Social Security number) in order to get money or credit. The United States Department of Justice says identity theft is, â€Å"The short answer is that identity theft is a crime. Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person s personal data in some way that involves fraud or deception, typicallyRead MorePersonal Prevention of Id entity Theft Essay886 Words   |  4 PagesPersonal Prevention of Identity Theft Today in the United States there is a crime that every citizen faces having committed against them and that is the crime of identity theft. Identity theft is the theft of ones personal identifying information such as ones name, address, date of birth, credit card numbers, bank information, and most of all social security number (National Insurance Crime Bureau, 2000). With the modernization of our world it has became easier for would be identity thieves to commitRead MoreThe New Transgression Of The Modern World : Cyber Crime1689 Words   |  7 PagesAbstract This paper will explore five published articles and multiple other sources that report on the new transgression of the modern world, cyber crime. Within cyber crime we will be looking into a variety of specific types of online misconduct, beginning with Cyber bullying. We will also delve into Identity Theft, Online child sexual abuse material, and Sales and Investment Fraud. Along with looking into the wide array of different types of online crime, we will discuss different deterrents toRead MoreE Commerce And Its Effects On The World Of Businesses Essay984 Words   |  4 Pagesgrowth of 528.1%.† The in The world of businesses is changing because of E-commerce has been essential tool for businesses. About 53 percent of all purchases are by E-commerce Businesses have come up with plans to use E-commerce to deliver their products and services to the market. However, there are some risk of using E-commerce, the risk are financial, performance, or social risks. Not taking the righ t steps and having poor security can cause identity theft. Identity theft is not something new thatRead MoreThe Information Age of Terrorism1115 Words   |  5 Pagesfear that encompasses the entire world. This is the fear of the modern terrorist and their use of technology. Terrorists have been using the internet, because it exhibits the ease of use. The internet uses very little to no regulations or forms of control. The internet offers vast amount of worldwide attention. Text, pictures, and audiovisual sources assist the terrorist. One such terrorist group or organization is the, â€Å"Peru’s Tupak-Amaru (MRTA).† (Weimann, How Modern Terrorism Uses the Internet ,Read MoreThe Prevention And Control Of Medical Identity Theft1441 Words   |  6 Pagesof Medical Identity Theft INTRODUCTION Identity theft is the fastest growing crime that continues to claim thousands of victims each year. It is the deliberate use of someone else s identity without their knowledge or consent to gain a financial advantage or obtain credit and other benefits in the other person s name, and perhaps to the other person s disadvantage or loss. (Hoofnagle, 2007) According to the Canadian Identity Theft Support Centre, in 2008 the cost of identity theft in Canada wasRead More Internet Fraud and Identity Theft Essay1176 Words   |  5 PagesInternet Fraud and Identity Theft The Internet is not just a medium for information; it is a tool for communication. Creating a new social sphere and environment, the Internet allows virtually anyone to be a participant. Chat rooms, discussion boards, instant messaging services and e-mail are all mediums that allow individuals to engage in communication. However, although the Internet is a public domain, individuals do not have to honestly represent themselves. Many individuals use false namesRead MoreProtecting Yourself from Identity Theft Essay1745 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are you going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone c an go in, do large amounts of damage and disappearRead MoreIdentity Theft Essay1749 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are you going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage and disappear

Social Carrying Capacity - 2559 Words

Social Carrying Capacity The use of parks and protected areas by visitors creates concern about appropriate levels of use because there are limits that define how much pressure from outside forces an ecosystem can endure before it experiences degradation, and there are thresholds that define visitor experiences. When researchers, park authorities, and policy makers are trying to determine appropriate usage levels of specific areas, they frequently rely on the rationale of carrying capacity, including social carrying capacity, which â€Å"focuses on the relationships among users of a park or protected area† (Dearden Rollins). Prior to determining the carrying capacity of a specific area, it is important to define carrying capacity. Prior†¦show more content†¦For example, what amount of visitor use of a specific area should be allowed, regardless of the ecological impact, before overcrowding is considered to have occurred and management intervention is needed? The optimum approach to social carrying capacity management mirrors Shelby and Heberlein’s (1986) method for both ecological and social carrying capacity: †¢ Specify management parameters for a specific area †¢ Specify impact parameters relevant to that area; and †¢ Collect data at regular intervals to describe the current situation Appropriate management includes defining the type of visitor experience to be made available and then monitoring the situation to measure if acceptable conditions have been achieved (Graefe et al., 1990). For example, a park or protected area may have an objective that includes social conditions, such as providing visitors with seclusion. This qualitative objective is beneficial, but it is ambiguous; therefore, it fails to provide management with what constitutes â€Å"providing visitors with seclusion,† and how is â€Å"seclusion† measured? The number of encounters with other people while in a given area could be a suitable indicator of seclusion; therefore, research involving the number of encounters with other people could determine if an area is â€Å"providing visitors with seclusion.† ForShow MoreRelatedDifficulty Of Measuring Social Carrying Capacity2153 Words   |  9 Pages Difficulty in Measuring Social Carrying Capacity Course name number Student name ID number Difficulty in Measuring Social Carrying Capacity Introduction The growing interest in sustainable development in the tourism industry has accelerated the experts’ concern about the social and biophysical effects of tourism. In this context, the carrying capacity is deemed to evaluate how the tourism development sustains local communities and their cultural and environmental circumstanceRead MoreDifficulty Of Measuring Social Carrying Capacity2139 Words   |  9 PagesDifficulty in Measuring Social Carrying Capacity  Introduction The growing interest in sustainable development in the tourism industry has accelerated the experts’ concern about the social and biophysical effects of tourism. In this context, the carrying capacity is deemed to evaluate how the tourism development sustains local communities and their cultural and environmental circumstance at a specific tourism site. This evaluation is getting more and more importance, as the researchers, or perhapsRead MoreOverpopulation and the Carrying Capacity of the Earth Essay examples983 Words   |  4 PagesOverpopulation and the Carrying Capacity of the Earth As humans start a new millennium, we have close to 4 billion more than we had at the beginning of the last millennium. In the next 50 years we are looking at adding another 3 billion people. Such a rapid increase has placed great strains on the Earth and leads us to ask – how many people can the earth support? The answer is rather obscure, however it seems like we are approaching our limit rather soon. With decreasing aquifers, shortagesRead MoreWhy Overpopulation Is A Major Issue1653 Words   |  7 Pagesworld’s carrying capacity? Before we can try to answer that, we need to understand what carrying capacity is, according to the Merriam-Webster: Dictionary it is the maximum number of individuals of a species that can exist in a habitat indefinitely without threatening other species in that habitat (â€Å"Carrying Capacity†). Some might try to say that technically, by that definition we have already reached out carrying capacity in some parts of the world. We might not truly know the carrying capacity of theRead MoreHuman Overpopulation1505 Words   |  7 Pagesas well as an interpretation of how this could connect to our society as human beings. He suggested that the constant interaction between the mice could have been a probable cause for the increase in violence in the society. With the regulation of social interaction being done to reduce the amount a rat makes contact with another, there was a decrease in the effects of the population boom. The author would then inquire: â€Å"...is our own version of Universe 25 right around the corner? No, says Dr. CalhounRead MoreOverpopulation Is A Foremost Challenge That Humans Face Today1431 Words   |  6 Pages on the other hand, disagrees. He uses scientific explanation to anticipate that all living beings on earth are under torment as they die off due to erosion of fundamental natural resources such as food and water. Next, Alon Tal argues that carrying capacity will be at a standstil l as the population continues to rise, so we need to prepare ourselves for overpopulation. Finally, Joel Kotkin claims that an exiguous amount of babies will cause economic hardship, which will, in turn, cause the economicRead MoreA Common Fear Of Population Growth1425 Words   |  6 PagesIt’s a common fear that population growth will exhaust resources and result in social or economic disaster if it is not controlled. It is anticipated that most of the projected population growth during this century will take place in developing nations. These countries have faced many challenges in recent years, including low levels of education, poor health standards, scarcity, limited housing, natural resource exhaustion, strife, and monetary and governmental command by other countries. In placesRead MoreTaking a Look at Overpopulation877 Words   |  4 Pagestheir life boat at carrying capacity, nations in Africa have no way of limiting people from reproducing. World bank In the control of population growth nations and governments can do a lot, but it then all depends on the people. The () journal notes the following ways of reducing or controlling population positively. Education is the first step. Educate people on family planning and the dire consequences of not controlling there reproduction. We should also review all of our social, political andRead MoreOverpopulation Is A Major Challenge That Humans Face Today1199 Words   |  5 Pagesoff due to: erosion of natural resources, mainly food, and water. Next, Joel Kotkin claims that an exiguous amount of babies will cause a little economy, which will, in turn, cause the annihilation of the earth. Finally, Alon Tal argues that, carrying capacity will bloat as the population rises. So by going through everyone’s claims, there should be a concern about overpopulation. In† Overpopulation is Not the Problem,† Erle C. Ellis makes the claim that, humans are always adapting to population growthRead MoreTourism Is A Field Of Human Activity Essay2385 Words   |  10 Pagesresponse to this activity†. OBJECTIVES OF THE ESSAY 1-To study the concept of carrying capacity purely from a tourism and hospitality prepsective. 2- Identyfying one destination and and a carying capacity and finding out its relevance to he destination 3- Highlighting the difficulties in measuring the carrying capacity faced in the choosen destination. 4- Finding out methods used by researchers in measuring the carrying capacity 5-Relating the interpretations of the study to choosen destination of choice

Project Management Project free essay sample

Question 1 South American Adventures Unlimited SA Adventures Unlimited was formed four years ago by Michael and Jill Rodriguez. Michael was a trained geologist, while Jill had a master’s degree in Spanish. They were both avid outdoor enthusiasts and fell in love while trekking across the Andes in Chile. Upon graduation they seized upon the idea of starting their own specialized tour business that would focus on organizing and leading â€Å"high-end† adventure trips in South America. Their first trip was a three-week excursion across Ecuador and Peru.The trip was a resounding success, and they became convinced that they could make a livelihood doing something they both enjoyed. After the first year, Adventures Unlimited began to slowly expand the size and scope of the business. The Rodriguezes’ strategy was a simple one. They recruited experienced, reliable people who shared their passion for South America and the outdoors. They helped these people organize specific trips and advertised the excursion over the Internet and in travel magazines. We will write a custom essay sample on Project Management Project or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Adventures Unlimited has grown from offering 4 trips a year to having 16 different excursions scheduled, including trips to Central America. They now had an administrative support staff of three people and a relatively stable group of five trip planners/guides whom they hired on a trip-by-trip contract basis. The company enjoyed a high level of repeat business and often used their customers’ suggestions to organize future trips. Although the Rodriguezes were pleased with the success of their venture, they were beginning to encounter problems that worried them about the future.A couple of the tours went over budget because of unanticipated costs, which eroded that year’s profit. In one case, they had to refund 30 percent of the tour fee because a group was stranded five days in Blanco Puente after missing a train connection. They were also having a hard time maintaining the high level of customer satisfaction to which they were accustomed. Customers were beginning to complain about the quality of the accommodations and the price of the tours. One group, unfortunately, was struck by a bad case of food poisoning.Finally, the Rodriguezes were having a hard time tracking costs across projects and typically did not know how well they did until after their taxes were prepared. This made it difficult to plan future excursions. The Rodriguezes shared these concerns around the family dinner table. Among the members in attendance was Michael’s younger brother, Mario, a student at a nearby university. After dinner, Mario approached Michael and Jill and suggested that they look into what business people called â€Å"project management. He had been briefly exposed to project management in his Business Operations class and felt that it might apply to their tour business. 1. To what extent does project management apply to Adventures Unlimited? Or, in other words, is this company managing projects? Explain your answer. Answer in a short paragraph (no more than 100 words) using font size 12. Question 2 Answer question #1 on page 147 in the exercises section. Question 3 Pg. 192 Optical Disk Preinstallation Project Draw the network diagram A – Complete the following table with information from the network diagram:

Financial International Reporting Standard -Myassignmenthelp.Com

Question: Discuss About The Financial International Reporting Standard? Answer: Introducation Sims metal management limited conducts an impairment testing annually for goodwill and other intangible assets. Testing of impairment is conducted when there is objective evidence given by circumstance or happening of any events. Whenever there exists indication that it will be difficult to recover the carrying amount of other definite lives intangible assets as indicated by occurrence of some events and prevailing circumstances. Allocation of goodwill has been done for impairment testing. The impairment testing for the cash-generating unit depicts excess headroom of A$ 104.1 million for the year ending 30th June, 2016 (Simsmm.com 2018). Sims metal management conducts the impairment testing of assets by reviewing the amount of their carrying value and when there exists and indication that assts require impairment. There is recognition of impairment loss when the estimated recoverable amount is lower than the carrying amount of such assets. Recognition of trade and receivables is done at fair value and measuring it subsequently at amortized cost by deducting any provision of impairment. Trade receivables is written off against impairment account when it is identified by organization such receivables become uncollectible. For impairment purpose, the carrying amount of property, equipment and plant are reviewed and as indicated by existence of any objective evidence and thereafter there is recognition of impairment loss. Intangible assets and goodwill are tested annually for impairment as indicated by circumstances and occurrence of events. Assessment of impairment of assets are done by grouping them at the lowest level s where the cash flows have been separately identified and they are not dependant of cash flows generating from other group of assets. Organization conducts annual testing of investment that is made in joint ventures as indicated by the fact that their carrying value amount cannot be recovered and there are any circumstances and events (Simsmm.com 2018). Impairment charge attributable to intangible assets and other goodwill for financial year 2016 stood at A $ 53 million. After the analysis of annual report of Sims metal management limited, it has been ascertained that there has not been any impairment charge for the financial year 2015 and 2017 in relation to assets and other goodwill (Simsmm.com 2018). Sims metal management limited makes use of assumptions for conducting impairment testing of goodwill and other intangible assets. Projection of five-year cash flow is done by organization for computing the value in use and this is based on the budget after board approval for the year 2017 and 2018 respectively. Historical average forms the basis of making four year forecast and takes into account historical value for four years. Projections of five years incorporates margin and price of commodity that are drawn from past experiences, estimates of management relating to inherent impact on volume of future volatility and other factors relating to current and expected future economic conditions. Organization also makes the application of Gordon growth model for the determination of terminal value from the cash flow of final year. Management makes best estimates in projecting the cash flow by referring to results that are historical for determination of expense, income, cash flows for ea ch cash generating unit and capital expenditures (Simsmm.com 2018). Value in use of goodwill is determined by using expected future cash flows. An estimation of CGUs to intangible assets and goodwill recoverable amount is required to be made for determining potential impairment relating to it. Higher of any value in use and fair value less cost to sell helps in determining CGU recoverable amount. Assumptions concerning growth rates and discount rates are to be made for the calculations related to impairment testing. The existence of subjectivity in estimating and making judgment by management has the possibility of considerably affecting the impairment testing of organization. Moreover, it would also have difficulties in gaining accurate inputs required for the impairment testing. Amount that is to be recovered becomes highly sensitive when there is involvement of high degree of subjectivity and assumptions cannot be made about terminal growth rate verification. There is gaming in impairment testing methodology due to manipulation of recoverable amount, as the management will be acting opportunistically. Presence of high degree of subjectivity has the likelihood of impairment testing outcome. It is ascertained after the evaluation of annual report of Sims metal management limited that there is low prevalence of subjectivity in testing of impairment of assets. Nevertheless, assumptions and estimates concerning computation of value in use, discount rate and determination of cash flow requires judg ment of management and there is possibility that value generated using such assumptions will fluctuate on substantial basis. Moreover, impairment requirement is determined by impairment status based on economic events and conditions and specific circumstances (Arrozio et al. 2016). It is certainly possible that assumptions made by Sims metal management limited about forward-looking statements will not be appropriate owing to involvement of subjectivity. Evaluation of annual report of Sims metal management limited indicates that impairment testing methodology of is interesting. The impairment charge of cash generating unit was impacted by margin pressure that arises from volatility in the prices of commodities and landscape of competitive market. There were reassessment of US recycling solutions relating to cash flows and this has indicated the fact that there is no recoverability of carrying amount of goodwill. There would be fluctuation in the value of impairment charge recorded if the assumptions about discount rate keep on changing. Calculations of value in use forms the basis of estimating recoverable amount and it is performed independently by firm valuating the assets. Impairment on investment is recognized by organization by assessing recoverable amount of investments that are made in SA recycling (Simsmm.com 2018). Analysis of annual report of Sims metal management limited concerning impairment testing depicts that impairment that is recorded in the financial year 2016 involves impairment that are recognized are offset closely by reversing the impairments that are recorded in the previous year (Simsmm.com 2018). It has been ascertained from the annual report that there has been impairment reversal in relation to property, plant and equipment. An insight that is gained regarding impairment is that value of impairment charge fluctuates if there is any modification in discount rate while all other assumptions remaining same. Some of the financial liabilities and assets that are involves in the preparation of general purpose financial report is based on fair value. Net loss generated by financial assets revaluation is measured at fair value. Designations of investments in marketable securities are done as financial assets that are at fair value. Last quoted price forms the basis of measurement of assets fair value. Recognition of any alterations in fair value is accumulated in separate resources as equity and done in the comprehensive income statement (Pavi? et al. 2017). The estimated and carrying amount of fair value of financial liabilities and assets of group is materially same. Determination of financial instruments fair value that is not traded in active market is done using broker quotes that are available readily. Organization makes use of valuation methodology for classifying financial instruments that are measured at fair value by using hierarchy (Simsmm.com 2018). The existing lease standard that is IAS 17 is associated with several criticisms that make investors difficulties in having a true and fair view of financial position of reporting entities. For the classification of lease as operating or finance, the standard allows lesser and lessees to evaluate the transactions. One of the major flaws that are associated with the existing standard is that organizations have incentives to make the classification of lease as operating lease. This has the major consequence of key financial ratios of companies and classifying lease contracts as operating lease finance is more favorable for companies. Financial ratios such as return on assets and debt to equity ratios will get worsen if the lease contract is classified, as finance lease as against operating lease and this does not affect the two ratios (Czajor and Michalak 2017). If the positive income is generated by operating lease might improve the return on assets. It is noteworthy to take into acco unt that costs and benefits of both the lease whether financial and operating leases are equal. However, the benefits provided by operating lease in terms of financial ratios are purely an accounting illusion that is created in the investors eyes. IASB has made the estimation that 85% of total amount of lease commitments out of US $ 3.3 million does not appear on balance sheets (Brouwer et al. 2015). Therefore, actual liabilities of organization might be less than what is presented on balance sheet and this is the reason why the existing standard did not reflect true economic reality. Providing user with information about entities that helps them in making economic decisions is the objective of financial report that is prepared under the current lease standard. Leasing transactions are likely to be classified unfaithfully under the existing standard. The rue debt structure of companies is not provided on the balance sheets because of absence of value of operating leases. Information that is presented in the balance sheets concerning leased assets and liabilities is not sufficient and making accurate calculations for bringing some of lease commitments back to balance sheet is difficult. Absence of operating lease on balance sheets for impoverishing comparability between companies requires users to make the adjustments in the balance sheets for operating leases (Nobes 2015). For ascertaining true debt structure, discounted amount concerning leases is added back to balance sheet, which is not appropriate. This explains why the off balance sheet liabilities were up to 66 times more than debt that is reported on balance sheets. The balance sheet of airline companies is formed under different accounting model and there do not exist difference between operating lease and financing lease. Complications in creating difference between financing and operating leases are one of the controversies that are associated with affecting financial position of airline companies. It is so because either airline companies buy aircraft fleets or they lease the fleets. This difference in lease accounting illustrates financial position of such companies would be different. However, in reality, there exists possibility that financial position of some airline companies is similar and identical. Leasing structures and particular method of financing will affect the individual airline companies (Karwowski 2016). Therefore, it can be said that there were no level playing field between some airline companies. The reason why the new lease standard will be unpopular is attributable to several criticism associated with it. Debt structure and balance sheets of companies would increase due to focus on operating lease capitalization. There is a possibility of violating existing debt covenants of business due to 100% increase in balance sheets. It is indicative of the fact that companies will be required to make renegotiation of debt covenants and this excludes agreements concerning leases (Joubert et al. 2017). Furthermore, companies in receiving credits have raised concerns. The impact of short-term leases would have absurd consequences on their financial statements due to the implementation of the standard. Criticism of lease burden is also because of considerable increase in administrative burden and some of the common examples in relation to this are new IT systems, educational efforts, and increased expenditures in the consultation fees and changes in process and control systems. Complicat ions and increased cost of reporting is another criticism of new lease standard because organizations having lot of lease agreement will need to invest time in management information and investment in large amount of new IT systems (Osei 2017). It is so because, there will be need of making estimations in detail relating to right to use assets and lease liability. The implementation of new lease standard will make financial reports of organizations useful to investors and financial analysts and will facilitate enhancement of comparison between them. However, benefit of enhanced comparability will be achieved at the expense of organizations recognizing all lease agreements on their balance sheets. Lease accountings that are classified unfaithfully will be addressed under this standard. Implementation of the standard will no longer require investors to make rough estimations and rough calculations for bringing back lease commitments on balance sheets by computing substantial lease obligations. Facilitation of transparency regarding the lease obligations will lead to better-informed decisions among investors (Edeigba and Amenkhienan 2017). There will be more balanced lease versus buy decisions as adoption of standard will lead to efficient allocation of capital and better decisions on part of management. References list: Arrozio, M.M., Gonzales, A. and da Silva, F.L., 2016. Changes in the financial ratios of the wholesale and retail sector companies arising from the new accounting of the operating lease.Revista Eniac Pesquisa,5(2), pp.139-159. Brouwer, A., Hoogendoorn, M. and Naarding, E., 2015. Will the changes proposed to the conceptual framework's definitions and recognition criteria provide a better basis for IASB standard setting?.Accounting and Business Research,45(5), pp.547-571. Czajor, P. and Michalak, M., 2017. Operating Lease Capitalization-Reasons and its Impact on Financial Ratios of WIG30 and sWIG80 Companies.Przedsi?biorczo i Zarz?dzanie,18(1, cz. 1 Practical and Theoretical Issues in Contemporary Financial Management), pp.23-36. Demir, Z. and Bas, E., 2017. THE EFFECT OF TAS 17 LEASING STANDARD AND IMPLEMENTATION OF THE NEW IFRS 16 LEASES STANDARD ON THE AIRLINE COMPANIES.PressAcademia Procedia,3(1), pp.153-173. Edeigba, J. and Amenkhienan, F., 2017. The Influence of IFRS Adoption on Corporate Transparency and Accountability: Evidence from New Zealand.Australasian Accounting, Business and Finance Journal,11(3), pp.3-19. Joubert, M., Garvie, L. and Parle, G., 2017. Implications of the New Accounting Standard for Leases AASB 16 (IFRS 16) with the Inclusion of Operating Leases in the Balance Sheet.Journal of New Business Ideas and Trends,15(2), pp.1-11. Karwowski, M., 2016. The risk in using financial reports in the study of airline business models.Journal of Air Transport Management,55, pp.185-192. Nobes, C., 2015. IFRS Ten Years on: Has the IASB Imposed Extensive Use of Fair Value? Has the EU Learnt to Love IFRS? And Does the Use of Fair Value make IFRS Illegal in the EU?.Accounting in Europe,12(2), pp.153-170. Osei, E., 2017. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), AND THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) SINGS SIMILAR TUNE: COMPARING THE ACCOUNTING TREATMENT OF NEW IFRS 16 WITH THE IAS 17, AND THE NEW FASB MODEL ON LEASES.Journal of Theoretical Accounting Research,13(1). Pavi?, I., De?man, N. and Sa?er, I.M., 2017, January. The Influence of Changes in the Notes on Evaluation of Indebtedness and Other Performance MeasuresThe Analysis of Lease Financing. InVision 2020: Sustainable Economic development, Innovation Management, and Global Growth. Pwc.com. (2018). [online] Available at: https://www.pwc.com/gx/en/audit-services/publications/assets/a-study-on-the-impact-of-lease-capitalisation.pdf [Accessed 21 Jan. 2018]. Sacarin, M., 2017. IFRS 16 Leasesconsequences on the financial statements and financial indicators.The Audit Financiar journal,15(145), pp.114-114. Sandblom, P. and Strandberg, A., 2015. The Value Relevance of the Proposed New Leasing Standard. An event study of the European Stock Markets Reaction to the proposed replacement of IAS17. Simsmetalmanagementlimited.gcs-web.com. (2018). [online] Available at: https://simsmetalmanagementlimited.gcs-web.com/static-files/94983c52-add1-483f-a503-11028895c60b [Accessed 21 Jan. 2018]. Simsmm.com. (2018).Annual Reports | SMM Investor Information | Sims Metal Management Global. [online] Available at: https://www.simsmm.com/Investors/Reports/Annual-Reports [Accessed 21 Jan. 2018]. Warren, C.M., 2016. The impact of International Accounting Standards Board (IASB)/International Financial Reporting Standard 16 (IFRS 16).Property Management,34(3). Wong, K. and Joshi, M., 2015. The impact of lease capitalisation on financial statements and key ratios: Evidence from Australia.Australasian Accounting Business Finance Journal,9(3), p.2