Oprah Winfrey Famous Entrepreneur - Free Essay Example

Sample details Pages: 2 Words: 571 Downloads: 6 Date added: 2019/10/30 Category People Essay Level High school Tags: Oprah Winfrey Essay Did you like this example? An entrepreneur is someone who is able to create nothing into something and with that they can start businesses and open many opportunities for them so they can be successful in the world. Oprah Winfrey stands out of the many entrepreneurs out there because of her background and what she went through when she was younger. She went through rough patches but ended up being one of the most successful women entrepreneurs. With her success she has earned this great fortune and is now one of the most influential entrepreneur. Out of the many entrepreneurs in the world, Oprah Winfrey definitely stands out. From her educational efforts from her show to her book club and her Live Your Best Life program. Overall her positive impact on American society has helped her grow throughout the years. Oprah Winfrey is part of the entertainment industry and owns her own television channel called OWN known as the Oprah Winfrey Network. Her own show became the top rated talk show in TV history. What makes Oprah Winfrey different from her competitors is her overall attitude of being part of the entrepreneurs world and her dedication to bring people joy while watching her show. She doesnt do it for the money, she does what she loves while uplifting others and gives great advice along the way. Other entrepreneurs dont connect with the people which can impact their overall growth but Ms. Winfrey on the other hand has become extremely successful due to the way she connects with her audience. Don’t waste time! Our writers will create an original "Oprah Winfrey: Famous Entrepreneur" essay for you Create order She founded her own production facility in 1988, Harpo Studios, since then, it has grown into Harpo, Inc. which employed about 250 full-time staff at its peak in television and film production, magazine publishing and online media. She is also co-founder of Oxygen Media which operates the Oxygen Network, a cable network for women reaching more than 54 million viewers. My advice for her on capital markets would be that the capital market is a market where buyers and sellers engage in trade of bonds and stocks. A company needs to understand its best capital structure in order to make the most of its shareholder value. It is important for management to understand the suitable balance and type of financial securities it deploys when implementing their strategic plan. While being part of the entertainment industry and having her show/network, Ms. Winfrey is doing great financially. Some ways that can help grow her money long term is to invest more in the entertainment industry. This can be different shows or networks that are similar to her own production. By investing in the popular shows nowadays she can grow her money so, in the long term financially she would be able to make more throughout the years. The entertainment industry has grown tremendously so by her investing more of her money towards it, it will guarantee growth financially. Even though she already is a part of this industry, it will be a great idea if she invested in the different parts of it so while the years go on she can be growing her money. Oprah Winfrey being one of the most successful women to this day has shown that anyone can be as successful as her. The differences between her and the other competitors is the reason why she is a successful entrepreneur. Advice on capital markets and how to invest her money can definitely help in the long run.

Personal Essay About Life or Choice

Life or Choice – What Is Better? Induced abortion has been practiced since ancient times and throughout the whole history it has never been completely supported or disproved. With the introduction of democratic governments, people began to fight for their rights even more than they had before, and this brought about the problem of the right to live of each and every person and whether people can deprive an unborn child of this right at their will. The issue is still one of the most topical ones and the modern society has subdivided into so-called pro-life and pro-choice groups. Those who support the right of a woman to choose whether to give a life to her baby or not, call themselves pro-choice activists, and argue that a woman has reproductive rights, which shouldn’t be violated. The pro-life group claims that an abortion is equal to murder, as a fetus is also a human being and this procedure will lead to its death. Both positions can be understood, of course. But which one to support is the choice of every person, and, what is more important, of every woman. She can decide that she is too young/immature/not ready/etc. to have this baby, and she will put an end to this life. But what will she get in result? She will most probably have problems with health; maybe she will not even be able to bear a child anymore. And what about her inner state and feelings? As for me, I wouldn’t ever forgive myself for such an action. Who am I to decide whether this life should be launched or not? I don’t think that I have such an authority to decide. If we are given the gift to bring a new life in this world, we should perceive it as the best opportunity in our lives, but not as a hard burden. That’s what we live for and that’s how it should be.

Case Study of Stock Management System Free Essays

In effect this means getting the correct product to the customer in the right place at the right time. When talking about the customer it is important to distinguish between the customer in the street i.e. We will write a custom essay sample on Case Study of Stock Management System or any similar topic only for you Order Now general public, and the customer, the trader, who is buying the goods to sell on at any level. The term logistics applies to all customers but we are applying the term to the trader for the benefit of this study. In recent years, focus upon logistics has become of paramount importance at all levels of trade and has become a major emphasis in large-scale retail, especially those with a high and fast turnover i.e. supermarkets. This is reflected in recent reports:  ¡Ã‚ §A prime objective of any business should be constantly to seek ways of reducing the total costs of ownership while lowering their own costs ¡K ¡ Cost of ownership is the costs above those charged, for example, inventory carrying, warehousing and handling, ordering and quality inspection. To minimalise these costs, large-scale retailers have spent great deals of money upon centralized stock distribution and computerized inventory management systems, to try and gain a competitive market advantage. Centralized stock distribution involves using one as opposed to many warehouses to distribute stock for more efficient transportation. Inventory management systems automate many of the tasks involved in the control of stock and reordering. Without effective distribution and effective inventory management systems, other activities and functions carried out within the company may at best, fail to be optimized and, at worst, be rendered a waist of time if time. Therefore no money and (or) time saved in the long term. Leaders of these management systems include the likes of J. Sinsbury, Tesco, Asda, Iceland and Safeway, the case study I shall discuss in this piece of coursework. Safeway has a sales base ordering inventory management system, known as Stock Management III (SMIII), introduced in 1992/3. This was fully implemented to centrally distribute many of their product ranges, including; grocery, beers, wines and spirits and non-food department items. SMIII ¡s aim was to improve the accuracy of stock ordered in the stores, reducing the number of out of stock produce and therefor creating sales maximization. Moreover reducing wastage, reducing backstocks and creating a consistency in merchandising practices. SMIII uses data collected in each store to work out the sales forecast for each product using the store inventory. It then converts these quantities for ordering. These processes rely on data input for accuracy. There are six key concepts involved in this process. Firstly, the sales forecast. Line by line information on sales is built up at the checkout. A forecast of how much more stock is likely to be required is then calculated for future ordering periods. The demand is calculated using specific parameters for each line. The system must take into account: how much stock the store already has; the space allocated for each product; the code life of products (when they become out-of-date); outstanding deliveries; sales opportunities (promotions etc.) and current business policies. The system will then calculate how much stock is needed for sales and the amount needed to fill the shelves. Case Rounding rules are needed to convert the two figures, that of sales and to fill the shelf, for ordering. This is quite simple. The system will always order enough stock to fulfil the sales. It then decides according to the amount of shelf space, whether to round up or down to the nearest case to fill the shelves. It must be noted that the accuracy of the orders generated by the system is only as good as the data input. Data is obtained from a number of sources, therefor it relies upon each department or division getting its part of the process correct. The departments are responsible for entering product and item movement information into SMIII and processing stock as follows: Trading: ranging, space allocation, units per outer (UPO), data integrity. Supply chain: supply to depot, optimum lead times, data integrity. Distribution: delivery of right stock to store at right time. Store: replenishing shelves, scanning, accurate bookstocks. If any one of these items is omitted then the process will fail. These above activities affect the inventory and range, the two key aspects of SMIII. The system relies on accurate inventory data. Most item movement is updated automatically; deliveries through the companies central distribution system and sales captured by scanning at the checkouts. The store though is required to inform SMIII of any stock that enters or leaves the store through other channels. For example: spoilage; inter-store transfers; inter-departmental transfers (e.g. purchases for the staff restaurant); cross-picks (stock delivered but not ordered and vice versa); quality control (damaged stock that is not offered for sale). Moreover stores take a bookstock check.. This is where a check is undertaken for any product out of stock, or where stock levels are exceptionally high or low. If the bookstock is inaccurate, the system is informed, improving the accuracy of the next order. The range refers to the actual range of products the store holds. For instance, a smaller in-town supermarket will not supply the array of products that an out-of-town hypermarket will stock. Stocking plans are determined by the trading division and are transmitted to the store where they are accepted into the store range. Stores are required to carry the full range of products within their plan size. This is an important factor because it shows that stores are not allowed to delete products from the range. They are however allowed to change the space allocated to a product. SMIII calculates the optimum quantity of stock required to cover expected sales, safety stock levels (in cases where sales outstrip forecast) and stock levels required to maintain shelf presentation standards. In the case of groceries and long life products if accurate ‘fill and face ¡ information is not correctly input into the system by the store, shelf presentation may be affected and, moreover, out of stocks or high back-stocks may occur. Through these factors the, sales forecast is achieved. Inaccurate sales forecasts will result in incorrect orders being generated. This could result in out of stocks, excessive back-stocks and/or unnecessary wastage. The above factors must, in tern be undertaken accurately. To achieve this the store must enforce a number of disciplines throughout, from stockroom level i.e. tidy, with stock in correct place to maximize stock level efficiency. Through to daily checks for out-of-date goods, and ensuring shelf space is allotted correctly and displays are correct. A mid-morning inspection of a Safeway supermarket has been undertaken. There were a number of factors that can be seen as unsatisfactory from the stores point of view. I shall undertake to identify theses and solve them with minimum disruption to the store. There were a number of problems with the produce department. Firstly presentation was poor in a number of the commodity groups such as root vegetables and loose apples. If the display does not look good or is not up to a reasonable standard, this can affect the customer ¡s discussion to buy, this could affect forecasting levels especially if it occurred on more than one occasion. If the produce looks bad on a number of occasions it could affect the customers decision to shop at the store in the long term. Moreover, If the displays are not full this may jeopardize the SMIII ¡s calculation of quantities reordered as it runs on the assumption that the shelves are always optimally filled. Therefore sales cannot be maximized as the space allocation is not being followed. Finally it can be seen that if the display is bad this could mean that some of the produce is being caused damage unnecessarily. Creating wastage and again potentially affecting the customers decision to buy. This needs to be sorted out quickly and efficiently, although not at a busy time, as from experience it can be off-putting trying to shop when people are filling the shelves. Moreover it must be noted that blame should not necessarily be rested upon anyone due to it being a mid-morning inspection on a Friday; a popular day for the weekly shop, the morning probably being the busiest time especially just after the school run. It is quite possible and probable that the poor display is due to the morning rush of customers. There was only one item out of stock, cauliflower due to a delivery shortage at the depot. Obviously nothing can be done about this at store level. But this information needs to be input into the SMIII to keep the store inventory updated so that this will be taken into account when forecasting. This reflects well on the produce department as the whole range other than this is shown giving people the most possible choice. There are wider implications for an out of stock item in a situation where there are two competing supermarkets. If a different item on someone ¡s shopping list is out of stock each week, it may be a factor in persuading them to shop elsewhere. The produce delivery was being worked and the shelves were in the process of being stocked. Although this may cause shoppers some inconvenience it shows that the department is keeping the stock rolling, maximizing space used in line with the SMIII ‘thinking ¡. Deliveries though should ideally arive and be sorted before opening to minimise inconvenience for both the shopper and staff, as it is easier to attend to the task in an empty shop. Product quality was generally good, although a number of grapefruit, which were below standard, were now being removed. These grapefruit must then be counted and entered into the system to update the inventory for forecasting. It can be seen as good that the bad fruit were being removed, but bad stock must always be removed as soon as possible as customers will notice and may be put off buying. In a wider aspect though, perhaps stockholding levels should be looked at as they may have been in the store too long due to excess stock. This could also be damage through bad storage or transportation, which would need looking into if it recurred continuously. Overall it can be seen that bad stock, shortages and displays should be checked regularly and sorted out as soon as possible. People look at these factors when making buying decisions. This is concerned with relationship marketing where there should be a twin focus on total quality and service as a source of customer satisfaction. Customer satisfaction ensures better customer retention and therefor greater profitability. The customer can be put off by too many staff filling shelves as it can distract from the pleasure of being able to browse whilst shopping. Therefor a balance must be found. The forecasting potential was good in the produce section as long as out of stock and wastage was entered into the SMIII system. Otherwise stockholding levels could be affected especially with the non-full lines. Moreover the presentation must be kept to a high standard as this may affect peoples opinion of the shop and therefore customer loyalty. The grocery department had three main problem areas. The promotional point of sale was missing from an on-shelf promotion on the tea/coffee section. This is a major problem as it would have a great affect on the forecasting. The store would expect to sell more of this product through the promotion, and therefor have ordered in more to compensate. Sales would not reflect the expected response to the promotion, as people would be unaware of it. This needs to be rectified as soon as possible and the system notified as the anticipated extra demand would not be apparent. This would affect forecasting and therefore future orders; potentially causing a shortage once the promotion was displayed. Loose stock was stacked behind other adjacent products on the soup section and appeared to have been there for several weeks. This reflects bad organization. Stock may not be noticed by the customer and space allocation disrupted. Space for the stock is allocated so that the system can accurately forecast the quantity of goods required to both fill the shelf and for sales. Using the space incorrectly can affect stockholding levels due to the amount predicted to be on the shelves and in storage. Although actual recording of sales will not be affected, it must be noted that sales could be, if the product namely soup couldn ¡t be found. This needs to be sorted out immediately, and could possibly reflect a lack of motivation in store, as the shelves were not stacked correctly. It also reflects badly on myself as acting manger, as this problem appeared to have been so for weeks. Store inspections must be held regularly to ensure this type of problem does not occur. How to cite Case Study of Stock Management System, Free Case study samples

Mission Statment free essay sample

A garage, for example, might limit its target region to the community while a magazine company might target an entire country. Values Mission statements typically include a statement of company values. Values such as customer service, efficiency and echo-consciousness often appear on lists of company values. At their best, company values should express principles the company explicitly tries to affirm In day-to-day operations. Technology For businesses that rely heavily on technology, the mission statement should Include a description of the essential technology the company does or plans to employ.If nothing else, this directs purchasing agents toward the appropriate vendors for goods and services. Employees Every company has a policy regarding its relationship with employees. A mission statement provides an opportunity to describe that policy in brief so employees know the essentials of where they stand. Strategic Positioning Effective mission statements also include a brief description of the businesss strategic position within the market. We will write a custom essay sample on Mission Statment or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example, the company might excel at serving residential clients and seek to maximize that strategic advantage. Financial Objectives For for-profit ventures, businesses require clear financial objectives. A start-up company might set one of Its financial objectives as making an Initial public offering of common stock within two years. This lets the employees and potential investors know the company intends to go public, with all of the legal and record keeping ramifications that entails. Image Like people, companies develop public images. Careful companies craft the public image they want to establish and lay out the major features of it in the mission statement.Products or Services 3. Markets 4. Technology 5. Concern for survival, growth and profitability 6. Philosophy 7. Self concept 8. Concern for public image 9. Concern for employees Here is a glimpse of what each of these elements states about in a mission statement . Customers In this element the organization mentions who are its customers or potential customers. What will it do to serve them and how will its customers find this organization different from the other organizations providing similar products or services in the market. . Products or Services In mission statement a business has to mention the producer or service or both they are providing. By defining products or services the company distinguishes its offered products or services from competitive products or services of similar nature provided by other competitors in the market. 3. Markets By defining markets, the company is declaring which types of customers it will target. Or who will be the intended audience for which it will produce products or services. Richest of the rich in the world. 4.Technology By defining technology, the company tells its current technology use in making of its products. It also tells about the unique ways in which its products or services are technologically more advanced then their alternates. 5. Concern for survival, growth and profitability In this element of the mission statement business defines the means it seeks to survive in the longer run. It not merely lists them out but also defines the logic behind them and how will the company strive to achieve them. 6. Philosophy Philosophy of a company is a much wider term to cover.By defining philosophy, the company defines its way of working, its culture, its beliefs and how it sees work to be carried out. It is also an analytical way of defining the norms on which it runs. 7. Self concept By defining the self concept, the business is telling its heart out to the world. In this the company shows the outside world, its core strengths and the place it sees itself in the future. 8. Concern for public image The buzz word is usually corporate social responsibility mixed with concern for public image.First of all these two terms are totally different and they can by no means be intermingled with each other. Corporate social responsibility points the ways in which the business wants to contribute towards the betterment of the society. Concern for public image is a much wider term and can include not only the corporate social responsibility but the overall impact of the actions taken by the company on its image. This may include from minor issues like installing manufacturing recycling plants by a company for pollution reduction to improve its snacking to enhance a better brand image for one of its top line brands. . Concern for employees Earlier day corporations didnt care much about their employees. Thankfully the trend has started shifting from no focus to a lot of concentration on working environment. In a mission statement a company also defines the ways in which it is beneficial for potential and currently working employees to work at a certain organization. This also includes the ways in which the company will treat its employees and how will it look towards this relation in a longer period of time. Wi