Friday, August 21, 2020

Paper Products Corporation Essays - Marketing, Office Equipment

Paper Products Corporation Mary Miller is the promoting director for Paper Products Corporation and she has to choose whether she ought to permit her biggest client to get some of Paper Products' document organizers and market them under their own name (Natcom Inc.) instead of the FILEX brand utilized by Paper Products. Mary is worried about the possibility that that on the off chance that she doesn't acknowledge the offer, the client will discover another document organizer maker. Mary extremely just has two alternatives; acknowledge the proposal from Natcom or decline the offer from Natcom. There is a sure level of hazard engaged with either choice and she needs to choose which alternative is the most secure for Paper Products Corporation. On the off chance that Paper Products rejects the offer they are setting themselves in a place to perhaps lose 30 percent of their business, roughly 12 million dollars for every year. Regardless of whether Natcom proceeded buying their different supplies from Paper Products, and just quit buying document envelopes, the business would lose roughly 4.2 million dollars for every year. In the event that Mary chose to take the proposal from Natcom, and permit them to sell Paper Items' record envelopes with their name, she would be conflicting with organization strategy and it would not be anything but difficult to change this strategy. It would be extremely simple for Paper Products to accommodateNatcom's offer since they have overabundance limit. On the off chance that they turn down the business, Natcom could go to another maker and cut into Paper Products' deals at Natcom stores. Another advantage of this offer is that Paper Products would not need to spend any promoting dollars to gain this new business. Natcom came to them with this offer and it didn't cost Mary Miller, or Paper Products anything. As per the showcasing idea, Mary ought to acknowledge the proposal from Natcom. As promoting chief, Mary ought to recognize what the client needs, and make Paper Items Inc. the best organization at fulfilling those requirements for a benefit. For this situation the client is Natcom and they clearly need to showcase a line of document organizers with their name appended. This need ought to be obvious to Mary since her client has now moved toward her multiple times with this solicitation. Mary will require her master promoting aptitudes at the point when she attempts to offer this plan to Bob Butcher, Paper Products president. Mr. Butcher is principally keen on the improvement of new items yet he will in all likelihood be inspired by this proposition since it manages his organizations' greatest client. There will must be a strategy change for Paper Products Inc. concerning the corporate arrangement of denying vendor marking demands. Paper Products executed this strategy since they needed the accomplishment of their items to rely upon the quality as opposed to only a low cost, in any case, just 40 percent of their record envelope items are in a particular line while the other 60 percent are moderately homogeneous shopping items. The accomplishment of the homogeneous record envelopes will be reliant on the cost as opposed to the quality, along these lines this arrangement contingent upon quality as opposed to low value should be changed. Mary ought to likewise approach Mr. Butcher about utilizing some a greater amount of the organization's accessible cash for the advancement of their current brands. Paper Products needs to haul a portion of their cash out of new-item advancement and endeavor to accomplish some market infiltration. In spite of the fact that 60 percent of the present market sounds engaging, they might have the option to get some of the staying 40 percent with some great advancements and market infiltration.

Tuesday, July 14, 2020

Getting Better Analytics from Your Collected Customer Data

Getting Better Analytics from Your Collected Customer Data As Forrester Research calls this, we are now in “The Age of the Customer”, where customers â€" and not brands â€" are the ones that actually shape the business strategy.In other words, customers have clear expectations from both their in-person and digital experiences and they do not care how easy or hard is for a business to provide them.If they do not see an immediate value from visiting your site, the competitor is just a tap away.In this age where businesses must truly understand customers’ behavior in order to succeed (or even survive), it is crucial to get the most out of your collected customer data.Getting better analytics from your customers can help you better modify your products to fit customers’ needs, focus and adjust your marketing efforts to what works best with your niche and ultimately be one step (or several steps) ahead of your competitors.But where do you even start?We have gathered seven important steps you need to follow to make the most out of your dat a collection procedures and avoid misfortunate events.1. MAP DOWN A LONG-TERM ANALYTICS STRATEGYA very common mistake many professionals make is that they collect data with only a single objective in mind. After they have reached their original goals, the collected data cannot be repurposed anywhere else.When you structure your data collection with only one objective in mind, the collected data cannot be repurposed for a different analysis.At the same time, all the time and resources spent during the data collection process are going to waste, because the whole procedure must be repeated when a new need occurs.A long-term analytics strategy ensures that the collected data is treated as a reusable asset.Rather than collecting data to solve only one immediate problem, you are ensuring that your stored data can be used for multiple purposes whenever needed.In addition, with a long-term analytics strategy in place, your data can be used by various departments of your organization â€" fr om marketing to product management â€" ensuring that your resources are not wasted. In other words, you can have your cake and eat it too.At the same time, having long-term data collection strategies in place can be your hidden asset against your competitors. Companies that understand customers buying patterns over longer periods can generate key insights versus their competitors.Of course, creating a data strategy is not an easy task no matter your company’s size. Luckily, there are many available resources to guide you, like this 4-step guide by Digital Transformation Pro on how to build a data strategy or the 3-step guide to building a long-term big data analytics strategy by BMC. Image source: https://digitaltransformationpro.com2. LEARN AND IMPLEMENT LEAN ANALYTICSThe core idea behind Lean Analytics is that by knowing what kind of business you are and what stage you are at, you can track and optimize the one metric that matters to your business, starting right now.While this methodology was designed with startup businesses in mind, every company can benefit from learning and also implementing it.The main goal of following this methodology is to quickly go through production-experiment-new production cycle in order to maximize learning and reduce costs in a very short amount of time.The final result is an agile company that can more effectively push new and successful products in the market.A very good resource is Lean Analytics: Use Data to Build a Better Startup Faster by Alistair Croll and Benjamin Yoskovitz. The book is part of the ‘Lean Startup’ series started by Eric Ries. In a nutshell, Lean Analytics focuses on the ‘measure’ portion of the Bui ld-Measure-Learn cycle. However, let’s see this in more detail.Types of MetricsThe professional that wants to implement Lean Analytics needs to understand the clear distinction between the various types of metrics. In short, there are two types:Qualitative, andQuantitative.Qualitative metrics include everything that can be measured in simple numbers. That is the actual verbal feedback that you receive from your customers and leads. Such data usually involve customer interviews but can be also extracted by simpler methods like a friendly email. This feedback is difficult to be translated into measurable data, but the insights it provides is highly valuable and can assist you when interpreting quantitative data.Quantitative metrics include all data that have to do with numbers. This can be the number of people that abandoned their cart if you are an e-commerce business, the number of site visitors, or simply just this quarter’s sales. They are powerful if data are collected correc tly, but they should not be your only metric.The rule of thumb when doing research is that you use qualitative metrics to find what you should analyze and ask, and then use quantitative metrics to prove your hypotheses true or wrong. What does this mean for you? Each department of your organization needs to comply with this mindset since every department can collect a different type of data. For example, your customer support agents can store customers’ feedback and assist your analysts that set up quantitative research.The Lean Analytics FrameworkAnother interesting part of Lean Analytics is the Lean Analytics Framework. This model can help you understand what business you are in and what your current stage is.To assess your type, you need to answer the following questions:How do your customers buy and use your product?What is their main reason for buying from you?What is the budget of your typical customer?The answers to the above questions will guide to the business model that suits you best. Having said that it is also possible to combine business models. For example, you can be a SaaS company that can be accessed through a free mobile app (such as Facebook).In short, Lean Analytics helps plug in the missing gap in the Build-Measure-Learn cycle. While there is a lot of literature on how to build and what to build, there isn’t enough on figuring out whether you are meeting expectations or not, and here is where this methodology comes handy.If you are a visual person, many video resources can give you an idea of what lean analytics mean. The book’s author Ben Yoskovitz has even teamed up with General Assembly to produce a one-hour 101 Lean Analytics session you can watch online. 3. CHOOSE THE BEST TOOLSIn the battle of tackling the collected data, the modern professional can find great assistance in the various analytics software solutions.With so many tools available, it can be difficult to know which analytics solution to use. Let’s take a look at some of the most popular ones, according to G2 Crowd:Google AnalyticsGoogle Analytics is the king of digital analytics. The platform allows you to measure sales and conversions, but also provides powerful insights into how visitors use a website, how they arrived on your site, and ultimately what you can do to make them stay longer.KissmetricsThis behavioral analytics and engagement platform is specially tailored for digital marketers and product teams. Its users express that they love its ability to take consumers on a bunny trail through the website, allowing the professional to control their pathway and see the most relevant content to them.Adobe AnalyticsIf you want a holistic view of your business, Adobe Analytics turn customer interactions into actionable insights. With intuitive and interactive dashboards and reports, and a great user interface, the professional can access real-time information that can be used to identify both problems and opportunities.ExponeaAnother great customer experience and data management platform is Exponea Experience Cloud. Among the easiest to use, the platform features AI-powered engagement automation, but at the same time helps to improve cross-department collaboration and customer centricity. It is best suited for online retail companies and fashion brand leaders that are on a fast-growing track.GoSquaredIn addition, a very easy-to-use platform, GoSquared allows businesses to communicate with their customers through analytics, CRM, live chat, and marketing automation. If you are looking for an all-in-one kind of solution, this might be a great fit.What’s Right For YouThe above selection is by no means the only tools you should choose from. Your budget and industry should be your main criteria when selecting which solutions to try out. While some tools can fit multiple business scenarios, there are many solutions specially tailored for different industries.Another factor that should be considered is the software’s abil ity to integrate with the solutions you already have in place. For example, it is important that your analytics tool integrates with your CRM software, so customer and visitor data can flow freely and automatically between tools.At the same time, you also need to keep in mind what kind of analysis you want to perform.Forbes has created a short overview of the best analytics techniques every manager should know, and it is worth looking at it before buying.If you want to gain a deeper understanding of the above techniques, Bernard’s Marr book Data Strategy analyzes them in more detail, while showing how we can profit from big data, analytics and the internet of things.Do They Comply with GDPR?Your last step should be to check if your analytics solution is GDPR compliant.The 25th of May is approaching and eventually your clients may ask about your GDPR status.One of its main requirements is to make sure that all the third-party services a company is using are GDPR compliant too.That, of course, is not just something you just ask and wait timidly for a positive reply.A contract between you and the service may be required and actually advised by your lawyer. If the solution where you hold customers’ data faces a breach, you will be reliable to your clients.4. MAKE SURE YOU ARE GDPR COMPLIANTIf your work involves the internet, you must have already heard about the General Data Privacy Regulation (GDPR). If you haven’t heard about GDPR at all, start with this introductory webinar by Workable called “What you need to know about GDPR”. In a nutshell, the aim of the GDPR is to protect all EU citizens from privacy and data breaches, especially since we live in an increasingly data-driven world that is vastly different from the time in which the 1995 directive was first established.While this law was first introduced in 2016, the key-date is May 25th, 2018, at which time the non-compliant organizations will start receiving heavy fines. If you think that you are invulnerable, keep in mind that in past cases related to processed personal data, it only required just a single unhappy person filing a report, to make the Dara Protection Authority start digging.Under the new law, organizations that breach GDPR can be fined up to 4% of annual global turnover or €20 Million (whichever is greater). This is the maximum fine that can be imposed for the most serious infringements e.g. not having sufficient customer consent to process data.Reading this you understand that this law will have a huge effect on how digital marketers work with data.While you are allowed to store customers’ data upon claiming a legitimate interest, the field is more blurred when we are talking about visitors’ data. While bothering your website’s visitors with consent forms may skyrocket bounce rates, not having sufficient customer consent and easy withdrawal methods may cost you…well, your business.Having said that, there is no need to despair yet, but start prepari ng instead. Most marketers are not at all ready yet, so if even if you are starting now, you are still ahead of many other professionals. Image source: https://blog.hubspot.comIf you are based outside of the EU, you may think that compliance it is not necessary for you, but you could not be further the truth. Even if a single piece of information is in anyway related to an EU citizen, the law applies to you too.A great resource on this is the another webinar by Workable, specially tailored for US companies is “A GDPR rundown for US companies”. Mailjet’s Head of Legal has also published the process they followed in order to become GDPR compliant and it can help you make a sense of the steps you should follow next. Of course, the above tips cannot substitute legal advice, where an attorney actually applies the law to your specific needs and guides your steps. Take the above legal information as your aid to get a general understanding of GDPR.5. SPRING-CLEAN YOUR DATAWhen spring comes, we clean our homes and declutter our closets. Wouldn’t it be great if we also apply this logic to our stored data?Data are not eve rlasting. If you are saving your customer data as you save everything else, it is likely that much of the customers’ data you have collected has already gone dark.Unused or ‘dark data’, can cost you more and more money, since you constantly need to buy more storage.Also, it may mean that more time is wasted, as it gets harder to access the file you are looking for. Believe it or not, outdated data can even cost you even billions of dollars every year.So, just like your annual spring clean, it is also important to declutter your database.Keep also in mind, that under GDPR, identifying what data exists, where it sits, and whether it should be there at all, are now basic requirements to be compliant. If you are not sure when to even start, check this 5-step guide by Marketo.6. ALWAYS IMPROVE YOUR METHODSCustomer data must be treated and managed as an asset.Since more and more data is being collected and processed, the new data need to be aggregated with data collected during prev ious collection procedures, like your last campaign, your last sales cycle and so on.This is called data threading, and in simpler words allows you to piece together various customer data collection efforts into a single threaded digital binder.Improving your analytics methods also means being agile. Customer needs and preferences are changing and you and your methods need to adapt. To make sure that you do not fall behind, your data should always be adjusting to reflect what is happening right now with your customers.But how can you be agile with data? If you are not sure where to start, Gauthier Vasseur from Stanford University discusses “Being Agile Adapting to Data” in a simple, yet informative way: Of course, improving your methods is not a linear process. Remembering what you learned before with Lean Analytics, you make the most out of data when your processes follow this cycle:Metrics Hypothesis Experiment Act New MetricsIn other words, your metrics guide your next a ct, which results in new metrics. Being versatile and adjustable helps you continuously improving and making the most out of a limited budget.If the above seems too complex to follow, you can always refer to this “Decalogue” by the Corporation of National Community Service.7. REMEMBER YOUR ULTIMATE GOALAs was mentioned at the beginning of the article, many professionals do not have a clear objective related to data collection. Many times data are collected because it is what expected (you never know when they will be useful).The truth is that your main objective should shape your data collection methods. As a business, the ultimate goal is usually (or should be) to make your customers happy.Therefore, it is highly important to read data with an unbiased eye and be open to what your customers tell you. Embrace them for what they do and not for what you think they are doing.With that in mind, understand that your data collection process or analytics, in general, should never hind er your customers’ experience when doing business with you. If you are afraid that this may be your case, you need to start implementing changes now.WRAPPING UPGetting the most out of your collected customer data is your key to truly understanding customer behavior and ultimately winning against your competitors.For those who are not yet convinced that the economy of the future will be based on data and how well you can analyze them, it is worth listening to World Bank’s President’s speech at the Mobile World Congress.According to Jim Yong Kim, the World Bank’s goal is to help exploit the big data that will result from the extensive implementation of Internet of Things, in order to achieve new economic growth prospects.It looks that the various economic organization and the market itself can provide the professional that wants to tap into data with all the necessary tools and methods to use it and analyze it effectively.In this article, we covered only some of the available strategies that can be used to extract the most value from your collected data. If you are interested in learning more, it is advised to review some of the provided resources throughout the article.Moreover, remember, data is powerful only when collected, stored and used wisely.

Thursday, May 21, 2020

How to Identify the Common Black Walnut Tree

Black walnut trees (Juglan  nigra) are found throughout much of the central-eastern part of the U.S., except in the far northern and far southern part of this range, but familiar elsewhere from the East Coast into the central plains. They are part of the general plant family Juglandaceae, which includes all the walnuts as well as hickory trees. The Latin name, Juglans, derives from Jovis glans, Jupiters acorn--figuratively, a nut fit for a god. There are 21 species in the genus that range across the north temperate Old World from southeast Europe east to Japan, and more widely in the New World from southeast Canada west to California and south to Argentina. There are five native walnut species in North America: black walnut, butternut, Arizona walnut and two species in California. The two most commonly found walnuts found in native locations are the black walnut and butternut.   In its natural setting, the black walnut favors riparian zones--the transition areas between rivers, creeks and denser woods. It does best in sunny areas, as it is classified as shade intolerant.   The black  walnut  is known as an  allelopathic tree: it releases chemicals in the ground that may poison other plants. A black walnut can sometimes be identified by the dead or yellowing plants in its vicinity.   It often appears as a kind of weed tree along roadsides and in open areas, due to the fact that squirrels and other animals harvest and spread the nuts. It is often found in the same environment as silver maples, basswoods, white ash, yellow-poplar, elm and hackberry trees.   Description Walnuts are specifically deciduous trees, 30 to 130 feet tall with pinnate leaves containing five to 25 leaflets. The actual leaf is attached to twigs in a  mostly alternate arrangement and the leaf structure is  odd-pinnately  compound—meaning that the leaves consist of an odd number of individual leaflets that attach to a central stem. These leaflets are serrate or  toothed.  The shoots and twigs have a chambered pith, a characteristic that can quickly confirm the trees identification when a twig is cut open. The fruit of a walnut is a rounded, hard-shelled nut. Butternuts are similar, but  this type of native walnut has oblong  ridged  fruits that form in clusters. The leaf scars on butternut have a hairy top fringe, while walnuts do not. Identification When Dormant During dormancy, the black walnut can be identified by examining the bark; the leaf scars are seen when leaves are pulled away from branches, and by looking at the nuts that have fallen around the tree. In a black walnut, the bark is furrowed and dark in color (it is lighter in butternut). The leaf scars along twigs look  like an  upside-down shamrock with five or seven bundle scars. Beneath the tree, you usually find whole walnuts or their husks. The black walnut has a  globose nut (meaning it is roughly globular or round), while the nuts on the butternut tree are more egg-shaped and smaller.

Wednesday, May 6, 2020

Domestic Violence And Socioeconomic Status Essay - 1018 Words

Domestic Violence and Socioeconomic Status Kevin Lybacki Domestic Violence Professor C. Auletto 11/27/16 Domestic violence is a problem in society that faces many different people. Regardless of where people may live, how old they may be, what gender they may be, what ethnicity, etc, domestic violence occurs. In order to understand the severity of domestic violence, the definition must be understood. Domestic violence can be defined as â€Å"any incident or pattern of incidents of controlling, coercive, or threatening behavior, violence, or abuser between those aged 16 years of age or older who are or have been intimate partners or family members regardless of gender sexuality†, according to the adopted definition from the Home Office in England in 2013. This definition extends to be any type of abuse including psychological, physical, sexual, financial, and emotional. As stated beforehand, domestic violence can occur by anybody regardless of many different classifications, including socioeconomic status. This paper will focus on domestic violence happening due to socioeconomic status, and will tackle occurrences in both wealthy households and poorer households. Socioeconomic status is often measured as a combination of education, income, and occupation. Commonly, socioeconomic status is conceptualized as the social standing of an individual or group. This status can determine one’s privilege, power, and control over others. It affects overall human functioning,Show MoreRelatedDevelopmental Trajectory And Impact On Hispanic Women851 Words   |  4 Pagesability to rise above a lower socioeconomic status. Community resources may provide some aid but are not suffice to sustain a family with a single parent. Hispanic women who are entrapped in an abusive relationship may feel financially obligated to remain with their perpetrator. Some barr iers identified by Shah and Shah (2010) include low educational attainment and unemployment post pregnancy. Physical problems women are exposed to as a result of domestic violence include increased instances ofRead MoreDomestic Violence Against Indigenous Women947 Words   |  4 Pagesarticle â€Å"Domestic violence against indigenous women is everybody’s problem† domestic violence is depicted as a serious social problem that involves â€Å"unspeakable acts of violence† that leaves victims experiencing fear and despair (Taylor 2014). More specifically, the social construction of domestic violence will be discussed with an emphasis on Aboriginal women and a typology of intimate partner violence. The social construction of domestic violence has serious implications for victims of domestic abuseRead MoreSocioeconomic Factors Contributing to Crime and Violence in Jamaica1729 Words   |  7 PagesJamaica’s potential for growth and development is enormous; h owever, according to the World Bank Country (2003), as cited in Gilbert amp; Sookram (2009), measured Gross Domestic Product (GDP) growth over the years since 1972 has been unimpressive. Apart from its economic problems, Jamaica has a serious problem with crime and violence. For years there have been numerous attempts, through policy and legislation, to reduce the level of crime in Jamaica. Based on international statistics, this is a countryRead MoreDomestic Violence And Its Effects On Victims And Varies1700 Words   |  7 PagesDefinition, strengths and limitations, and occurrence Domestic violence as a form of trauma can have an impact on victims and varies in the form in which it occurs. Domestic violence can occur directly to an individual or family or indirectly as exposure to domestic violence. The Department of Justice defines domestic violence as â€Å"a pattern of abusive behavior in a relationship that is used by one partner to gain or maintain power and control over another intimate partner†. According to CrossRead MoreThe Importance Of Military Readiness And Frequent Deployments From A Federally Funded Program For Women, Infants, And Children Essay1309 Words   |  6 Pagesawakening to discover we were poor, and we often had to deal with the stresses of deployment, but I never experienced violence. Nevertheless, that does not mean that it did not happen in the military because domestic violence is of continuing concern in the military (Newby, McCarroll, Thayer, Norwood, Fullerton, Ursano. 2000). Anyone can be affected by Intimate Partner Violence or IPV, which is a serious, preventable public health problem that affects millions of Americans. IPV describes physicalRead MoreDomestic Violence, Maternal Depression, And Home Environment969 Words   |  4 Pagesthe previous studies, children living in domestic violent homes not only have to face the direct violence that is happening at the moment, but also have to face the indirect change that is brought after the violence has occurred. Using a sample of 100 women and their children ages 3-5, the study conducted by Huth-Bocks, Levendosky, and Semel (2001) examined maternal psychological functioning and its impact of the quality of the home environment in a domestic violent household. After observing theseRead MoreSong Analysis: We Found Love by Calvin Harris Essay1034 Words   |  5 Pagescouple living in an impoverished council estate in West Belfast. Both characters portrayed in the music video are in their twenties and of mixed race, one parent being black and the other being Caucasian. Their relationship is distinguished by domestic violence as the couple is seen yelling, pushing and hurting one another, along with stealing from convenience stores, gambling and abusing drugs and alcohol together. The main problems with the music video and lyrics of â€Å"We Found Love† are the androcentricRead MoreInfluence of Nuclear Family to Development of Antisocial Behaviour795 Words   |  4 Pagescorrespond with the set rules of any community. The indicators of antisocial behavior may including stealing, vandalism, addiction to drugs, bullying and school absentiseem in children. In adulthood the behavior may include marital breakdown, gender based violence, drug abuse and negligence of his/her family. This behavior is likely to cause harm or distress to the people around the affected person. Parenting styles The family being the first source of education to children has a major part to play inRead MoreAlbert Bandura s Theory Of Social Learning1404 Words   |  6 Pagesbehavior is directed. Violence means an extreme form of interpersonal aggression. It means the direct expression of aggression towards another person, with the intention of being damaged. Sometimes intentionality may not be so obvious (unconscious), but it is there, and it is what differentiates a violent situation from an accidental one. Domestic violence against women According to the terms of reference, Domestic violence against women encompasses three types of violence: physical, psychologicalRead MoreImplications Of Domestic Abuse On Women1036 Words   |  5 PagesImplications of Domestic Abuse on Women In a broad sense, domestic abuse is a set of problems related to family violence. Domestic violence is characterized by a pattern of violent or abusive behavior by one person in a domestic context against another, such as in a marriage or cohabitation (Paul, 2004). Domestic abuse can negatively affect anyone in any culture, age, race, and gender. Intimate partner violence is a type of violence that falls under domestic violence (Roberts, 2008). Other types

Reform Attempts of Farmers and Workers Free Essays

Life in the late nineteenth and in the early twentieth century in the United States was rough for the average person because of the poor conditions and inability to get ahead of debts and poverty. Two major groups that suffered the most were labor workers and farmers. For the workers in factories, the industrial expansion of the nation brought many changes to the workplace. We will write a custom essay sample on Reform Attempts of Farmers and Workers or any similar topic only for you Order Now These changes made life as a labor worker more dangerous and less profitable. Farmers also faced many problems such as high railroad rates and high loan interest rates. Both groups searched for ways to band together with people in similar situations to help resolve some of the problems. After many failing attempts, a movement called Progressivism caused many changes and greatly improved life for farmers, labor workers, and many other groups of the early 20th century. In the late nineteenth century, people flooded to cities to fill the positions of factory workers. Some of the people were farmers who had grown tired of constant debt and looked to the city for economic gain. Others were immigrants from other countries who left their homeland behind to find a better life. Many of these people had nowhere to go, so they followed their first instinct and moved to the cities to find work. This flood of people caused a huge surplus of labor workers, thus resulting in unsafe work conditions and low wages for those with jobs. The dawn of the factory reduced the need for skilled workers, making the tasks easy enough for a small child to perform. With this idea, factory owners hired women and children to operate their machines and paid them even less then the underpaid men. Obviously these people could not live like this, so they began to form unions in an attempt to fix some of the problems in the work place. The first major attempt at a large union to crack down on some of the problems which faced workers was The Knights of Labor. Membership was open to a very wide range including almost all workers and women. Their leaders fought for a shorter workday and removal of children from the workplace. A second attempt called the American Federation of Labor restricted membership to skilled workers. Their goals were to improve wages, numbers of hours in a workday, and working conditions. One of the most famous strikes was the Pullman Strike which involved the American Railway Union and Pullman Company workers. It was sparked by a twenty-five percent wage cut to employees. This strike consisting of a few thousand workers caused a halt in trains from Chicago to the west coast. These responses to the problems of the workplace not only expressed their discontent, but also forced their employers into changes in administration. A second group that had large problems in the early 20th century were farm owners. One major problem was the rates charged by the railroad to farmers. Since farmers depended so greatly on the railroad, railroads companies could charge almost whatever they wanted. The result was widespread debt and poverty for farmers. Other uncontrollable factors such as bad weather and overproduction hurt farming as well. The first major attempt to organize to urge changes in the nation was called the Nation Grange of the Patrons of Husbandry. This organization attempted to teach smaller farmers techniques to make their fields more productive. After farm prices plummeted as result of a depression, the organization began to work politically to help control farm prices. As result many states placed strict restrictions on railroads to regulate rates and operations. The courts put a stop to the legislation and sent the railroad prices back up. The second attempt was the farmers alliance which setup stores and other facilities for their fellow farming members to use. This partially removed the ‘middleman’ from stealing a portion of the profits. Although this was more widespread than the Grange, the system was too strong to allow these alliance groups. A movement known as Populism, which urged changes to aid farmers, formed. Many of the views of the populist movement were adopted by the more popular and successful reform movement known as Progressivism. In the early years of the 20th century, a powerful reform movement called Progressivism swept the country. Its leaders were college professors, ministers, journalists, physicians and social workers. Their goal was to improve conditions for all Americans. They wanted to make the political system more egalitarian. They also wanted to make the nation’s economic system more democratic. They felt that the people who owned the nations resources, should share some of their wealth with the less fortunate. The movement appealed to farmers, small businessmen, women and laborers. They were alarmed by the growing use of court rulings to halt strikes. In 1890, for example, Congress passed the Sherman Antitrust Act. Its purpose was to punish big business corporations that combined to prevent competition. Yet more and more it was being used as a weapon against unions. The Progressives were unhappy about the use of federal troops and state militia against strikers. They were outraged by inhuman conditions in factories and mines. The Progressives and the AFL pressured state governments for laws to protect wage earners. Almost all states passed laws forbidding the employment of children under 14 years old. Many states also set a lower maximum work week for their employees. One program designed to help farmers and labor workers was the ICC or Interstate Commerce Commission, which struck down on railroad companies and their unfair practices. This greatly helped farmers earn the proper wages for their crops. Today, despite the decline in members, organized labor in the United States remains strong and conditions of America’s labor force have steadily improved. The length of the work day has been shortened. Many agreements between employers and wage earners now call for less than 40 hours of work a week. Most agreements have generous â€Å"fringe† benefits. These include insurance, pensions and health care plans. As the number of union members has decreased as a percentage of the total work force, unions have responded by broadening their organizing efforts to include employees of federal, state and local governments as well as other professionals. Organizers have also waged long campaigns to unionize and win better conditions for such diverse groups as public school teachers and seasonal farm workers. As the work force has changed, so have some of the labor-management issues. Unions now want laws to strengthen their right to strike by prohibiting companies from hiring permanent replacements for striking workers. Employers want the right to test workers for drug use. Many workers are fighting for the right to take unpaid leave when they have babies or when a family member is ill and needs extensive care. And, as the unemployment rate has climbed there is growing belief that the government should help create jobs through public works programs, job training programs and tax credits for employers in areas of high unemployment. How to cite Reform Attempts of Farmers and Workers, Essay examples

Thursday, April 23, 2020

Lion Capital and Blackstone Essay Essay Example

Lion Capital and Blackstone Essay Essay Question 1: Why would Lion make a trade with Blackstone? Why would Blackstone make one with Lion? What does each hazard? What can each derive? Lion and Blackstone are fall ining together to leverage industry expertness and funding power. Lion has a strong apprehension of consumer-focused trade names and utilizing proprietary trades to turn an bing moderate-sized participant into a larger busines by utilizing it as a platform for acquisitions. Examples of such trades include Weetabix and Jimmy Choo. We will write a custom essay sample on Lion Capital and Blackstone Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Lion Capital and Blackstone Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Lion Capital and Blackstone Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Blackstone has the power to convey really big funding into a trade. capable of puting up to $ 1 billion in a company. while besides holding an international presence. conveying synergisms across boundary lines. However. this partnership besides brings in a lagging gait in shutting trades and public visibleness and examination. Lion typically moves rapidly on trades. and already has decided in front of Blackstone on timing and monetary value. Blackstone. nevertheless. still needs to carry on due diligence and have the trade reviewed by the investing commission. Furthermore. Lion’s partnership with Blackstone brings it into the Financial Times’ forepart page and pressures it further to execute. Question 2: Is Orangina a good trade? It seems that Lion and Blackstone are paying a reasonably full monetary value ; what angle might the Blackstone-Lion pool have found to warrant it? Yes. Orangina is a good trade. for its trade name power. its resiliency. its financing-friendly nature. and its operating and distribution web in France and Spain. Orangina has iconic trade names that are good known in France and Spain. and it commands a strong presence in its niche without irrupting on the soft drink infinite of trade names such as Coca Cola. It can be levered easy. as it is in a defensive sector. has strong hard currency flows. and with touchable assets that can be claimed. Despite being undermanaged. it continued to execute good in bad times. bespeaking that it has a working operating substructure and does non depend on a personality to steer the concern. Furthermore. the squad has a good apprehension and tantrum with the company. Javier Ferran of Lion. a Spanish national who speaks French. is good suited to understand a company with operations concentrated in Spain and France. and is besides ideal for his past experience in the soft drinks sector. Question 3: Based on the information provided in the instance. how would you value Orangina? We will NOT value the company based on any price reduction hard currency flow theoretical account. including LBO rating or APV theoretical account. as we are covering with a private company. whose beta and future capital construction are impracticable to gauge. Private companies have no estimable beta. since they are non publically traded and are illiquid – their value does non travel in any way with regard to the market. There are besides no strong barriers to entry in a soft drink market. so terminal growing besides can’t be easy estimated. However. we can first try a simple Venture Capital rating theoretical account to acquire a speedy ballpark for our rating. We find that a sensible equity rating for a private equity purchaser lies between $ 900 million and $ 1. 9 billion. This implies an equity rating between 760 million euros and 1. 6 billion euros. With programs to put 900 million euros of debt. Orangina can be priced at 1. 7 billion euros to 2. 5 billion euros. We can presume that the 1. 85 billion euro rating of Blackstone and Lion is rather sensible. Question 4: What is the best trade attack? The squad needs to do a command that will do them one of the sure and approved purchaser campaigners instantly. even with the hazard of overpaying. They need to go one of the groups with entree to the Orangina direction squad and their advisers. and get down inquiring the inquiries they need answered on the company – such as the execution of a stable direction squad in a clip of a high direction turnover. the ability to turn in the nutrient channel or obtain higher command power in the out of nutrient channel. and a turnaround scheme for France. Given that Blackstone and Lion have a particular border that Lion’s squad understands the sector. the concern. and the geographics good. they should be willing to pay up forepart in the early auctions. so that they can extinguish strategic purchasers such as Pepsi. while besides detering other fiscal purchasers who don’t have the same degree of understanding. border. or angle on this sector. Once the likeliness of a trade is strong plenty. Blackstone and Lion can get down negociating a unequivocal amalgamation understanding with monetary values and footings that are a bit more suited and just for it. However. the current precedence should be to acquire into the bargain and cut others out every bit shortly as possible.