Popular Business Analysis PEST and SWOT Analysis - 555 Words

Strategy Evaluation – Situation Analysis Before moving on, it is necessary to under the current situation of company. There are various analytic ways can be used for evaluate company position and others external environmental factors analysis. With the use of 2 types of popular analysis – PEST and SWOT analysis, it could help comprehensively and effectively evaluate the strength and weakness, opportunities and other environmental factor like political, economic, social and technology issue. PEST Analysis - A tool for evaluating business and external factor as well as measuring the trends and changes in the market. In analyzing the present environment of the company, there are totally 4 factors we should need to consider with. 1. Political factors Government tax policy, environmental regulation, labour law and foreign trade restriction may greatly impact the company strategy and company goal setup. It is believed that customers will increase spending power that are willing to spend more due to the change of tax allowance or decrease of the tax rate. Conversely, instability in overseas markets and trade restriction may result in market size and accessibility, i.e. how many customers would actually go online to visit or buy any product from website. Apart from these, due to the introduction of the mandatory labour benefits legislation and the minimum wages and standard working hours, the operation cost would also be greatly increased. 2. Economic The national and globalShow MoreRelatedThe Swot Analysis to Cadbury1733 Words   |  7 Pages| | |SWOT and PEST analysis on Cadbury PLC | | | | Read MoreWhy Samsung Enters Chinese Market And The Environment Of Samsung And China1466 Words   |  6 PagesCompany and Host Country Strategic Environment Analysis To analyse why Samsung enters Chinese market and the environment of Samsung and China, there will be internal and external tools which are SWOT analysis of Samsung and PEST analysis of China to be discussed. In addition, the definition and importance of SWOT and PEST analysis will be introduced. 1. SWOT and PEST Analysis SWOT analysis, which refers to Strengths, Weaknesses, Opportunities and Threats, is a kind of method of scientific and strategicRead MoreEssay on Analysis of Kingsford Charcoal1698 Words   |  7 PagesAnalysis of Kingsford Charcoal (graphics not included) In this report, we will be analyzing the current performance of Kingsford in the marketplace and identify the main cause of revenue deterioration. Thereafter, a comprehensive strategy and marketing plan will be presented. We will begin with identifying current business orientation of Kingsford. Then, we will analyze its position in the marketplace and various external forces. In-depth analysis on the strengths and weaknesses of KingsfordRead MoreThe Structure And Function Of Kenya Airways1156 Words   |  5 Pagesthe Nairobi Securities Exchange. Kenya Airways has a mission and vision of being the pride of Africa by inspiring and delighting its guests consistently. Currently, the carrier operates 67 flights domestically with Nairobi-Mombasa being the most popular route. On the international level, Kenya Airways operates 45 flights weekly to 24 destinations. Despite being considered as a successful brand in the African region, the company faces a myriad of challenges from expensive ticketing, routing arrangementsRead MoreThe Leon Group1138 Words   |  5 PagesPEST redirects here. For the special forces unit of the Slovenian Military Police, see Specialized Unit for Special Tactics (PEST – Pos ebna Enota za Specialno Taktiko). PEST analysis (Political, Economic, Social and Technological analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. Some analysts added Legal and rearranged the mnemonic to SLEPT;[1] inserting Environmental factors expanded it to PESTEL or PESTLE, whichRead MoreCase Study : Brew City Rentals1662 Words   |  7 PagesIntroduction This systems planning document reviews the case summary of Brew City Rentals. The document will review the problems indicated in the case narrative and provide a SWOT and PEST analysis. Also shown will be a feasibility study with an overall recommendation on deploying a new information system. Information System Requirements The information system’s requirements in the systems planning phase are based on a case summary, potential interview questions, and the systems analyst’s experienceRead MoreSwot Analysis1676 Words   |  7 PagesSWOT Analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data Strategic Use: OrientingRead MoreMarketing Plan For Athletic Sports1079 Words   |  5 PagesSupreme is a well-known company that has been selling athletic equipment for nearly 10 years. Although the company has been performing solidly, we would like to expand our offerings into the athletic apparel world. With athletic wear becoming more popular in the fashion world and the growing interest in sporting events, Athletic Supreme would like to become a â€Å"one-stop† shop for our customers. Our main goal is to maintain our brand identity, while also maintaining profitability. Athletics SupremeRead MoreSWOT PEST2212 Words   |  9 Pages32503102 Content Page Introduction Environment Analysis 2.1: Internal and External factors for Nando’s SWOT Analysis Table 1.: SWOT Analysis PEST Analysis Table 2.: PEST analysis Conclusions Appendix Introduction This report is to outline business analysis on Nando’s restaurant in Singapore. In this report, we will perform environment analysis on the market in Singapore. We will make use of SWOT analysis and also PESTEL analysis to perform this. Last but not least we will end it withRead MoreBcg Matrix1487 Words   |  6 PagesThe BCG matrix is a chart that had been created by Bruce Henderson for the Boston Consulting Group in 1968 to help corporations with analyzing their business units or product lines. This helps the company allocate resources and is used as an analytical tool in brand marketing, product management, strategic management, and portfolio analysis. Analysis of market performance by firms using its principles has called its usefulness into question, and it has been removed from some major marketing textbooks

Humanistic Psychology Free Essays

Humanistic Psychology Basis Humanistic Psychology is so named due to its core belief in the basic goodness present in and respect for humanity. Its core is founded upon existential psychology, or the realization and understanding of one’s existence and social responsibility. The two psychologists, Carl Rogers and Abraham Maslow initiated the movement with this new perspective on understanding people’s personality and improving their overall life satisfaction. We will write a custom essay sample on Humanistic Psychology or any similar topic only for you Order Now When war broke out in the 1960s, the world felt compelled to better understand the nature of humanity. Humanistic theory provides an understandable mechanism for examining an individual’s need for conflict in order to create peace. This simplistic theory has become a favorite and popular topic throughout self-help literature. Additionally, the struggle for mankind to gain greater understanding and meaning for life and existence is a timeless cornerstone conflict in entertainment and literature. The premise behind humanistic psychology is simple. So simple, in fact, that naysayers believe it to be excessively simple. Humanists adhere to these beliefs: 1. The present is the most signficant aspect of someone. As a results humanists emphasize the here and now instead of examining the past or attempting to predict the future. 2. To be mentally healthy, individuals must take personal responsibility for their actions, regardless if those actions are positive or negative. 3. Each person, simply by being, is inherently worthy. While any given action may be negative, these actions do not cancel out their value as a person. 4. The ultimate goal of living is to attain personal growth and understanding. Through constant self-improvement and self-understanding can an individual ever be truly happy. Abraham Maslow provided the best known and mostly widely understood precept in humanistic psychology. Abraham Maslow believed that Watson and the other behaviorists’ ideas about control were lacking. He saw human life as more than simply external reinforcement, disputing the assumption that humanity was born without value or direction. When he was studying psychology, the prevalent ideas were psychoanalysis and behaviorism. These theories were covered by most courses and a great deal of energy was used for each psychologist to identify the theory aspiring psychologists would subscribe to. Maslow did not follow either of these paths. He condemned behaviorism, eventually taking the same perspective with Freud’s works as well. Even though Maslow accepted the existence of an unconscious being within us, Maslow refuted Freud’s idea that the bulk of our being is hidden far from our consciousness. Maslow purported that humanity is aware of motivation and drives on the whole. Without life’s obstacles, all of humanity would become healthy psychologically, attaining a deep self-understanding and acceptance of society and the world around them. Maslow reinforced his energy on realizing the positive aspects of mankind, while Freud saw mostly negativity. One might summarize the distinction between humanism and psychoanalytic thought in this way – psychoanalysis is founded upon acceptance determinism, or acceptance of aspects of our lives outside of control, while humanistic thought bases itself on the concept of free will. Maslow’s best known contribution to Humanistic psychology is his Hierarchy of Needs. Maslow’s Needs Hierarchy is frequently used to sum up the humanistic psychology belief system. The fundamental premise of his hierarchy is that everyone is born with specific needs. If we do not meet those base needs, we are unable to survive and focus upward within the hierarchy. The first stratum consists of ;b;physiological needs;/b;, or survival needs. Unable to obtain oxygen, sleep, water, and food, all else is irrelevant. After we meet these needs, we can shift our focus to the next stratum, the need for security and safety. When pursuing safety needs, we attempt to secure safety in others and yearn to create an environment that protects us, keeping us free from harm. Until these goals are met, it is unlikely that someone would consider higher order needs, and their growth is then stifled. When someone feels safe and secure, we attempt to build friendships and establish a sense of belonging to a greater whole. Maslow’s third level of needs, the social needs of belonging and love, focus on our desire to be belong to a group and have a place in a larger whole. Meeting social needs get us one step closer to the top of the triangle — the fourth level: esteem needs. Those attempting to fulfill esteem needs channel their energy on respect from others, self-esteem, self-respect, and gaining recognition for our accomplishments in life. We push further and further to excel in our careers, to expand our knowledge, and to constantly increase our self-esteem. The final level in the hierarchy is called the need for self-actualization. According to Maslow, many people may be in this level but very few, if anybody, ever masters it. Self-actualization refers to a complete understanding of the self. To be self-actualized means to truly know who you are, where you belong in the greater society, and to feel like you are accomplishing all that you are meant to be. It means to no longer feel shame or guilt, or even hate, but to accept the world and see human nature as inherently good. Against Scientific Basics At its onset, Humanistic theory was not researched easily. To start with, since the fundamental belief of Humanism is in the goodness of people, treatment should focus on the positive, instead of negative. This leaves very few tests upon which to build the case of Humanism. Then, through assessment, the assessor is essentially trying to say that the tester knows more about the client’s emotion, thought, and behavior. To do something so presumptuous is a flagrant contradiction of the belief principles of Humanism. As a result, most theorists, specifically behaviorists, refuted humanistic theory since it was not easily researched. However, as with psychoanalysis, it was possible to aggregate meaningful data on the effectiveness of applying Humanistic theories. Actually, just as with psychoanalysis, innovative testing needed to be designed to accentuate the exact theory and the intended application of the theory. Psychoanalysis use tests like TAT and Rorschach — humanists use the Q-Sort. Humanistic Theory – Weaknesses and Strengths Humanistic Theory Strengths Just as with every theory, some find humanistic psychology to be relevant, as others can only see the flaws. A couple of humanistic theory’s strengths are the focus on the positivitity and goodness of humanity, as well as the free will related to change. Contrasting Freud’s and biological approaches, focusing on the belief that human behavior and cognition are causally determined by prior events and actions, such that we lack self-control, Maslow and Humanistic psychology believe that the individual is quite powerful. Another strength of humanistic theory is how easily many aspects of the theory integrate with other schools of thought. A number of therapists adopt humanistic undertones when working with their clients. While the individual may believe that humanistic theory doesn’t cover the distance, they understand the benefit of the core values and beliefs in changing people’s lives for the better. Ultimately, humanism has benefits which carry over into a number of other professions. In a business class, you will probably cover Maslow’s hierarchy. When studying finance or economics, the course will no doubt cover the concept of moving up financially and physically, to eventually become more enlightened and aware of who we are and our place in the world. This principle is similarly present in other professions such as criminology, history, and literature, since the core of humanistic thought rings true in everything that deals with what it means to be considered human. Humanistic Theory Weaknesses For every yin, there is also the yang. Humanistic theory has its share of flaws as well. The most significant criticism of humanistic psychology centers around its lack of specific approaches to treatment aimed at precise problems. Since the core belief behind Humanistic theory is that of free will, it is very complicated to both innovate a technique for treatment as well as a means to study the efficacy of this treatment technique. Additionally, it is believed that humanistic theory falls is unable to help people with severe personality or mental health disorders. While Carl Rogers’ Theory of Personality may have positive effects on a minor abberation, using it as treatment for schizophrenics is laughable. Lastly, humanistic theory applies some human nature generalizations which are widely believed to be complete. Are all people good at the core of their being, or are some people just not there? Can we effectively position that Maslow’s needs hierarchy, as explained, applies to everyone universally? Or is it possible that each individual can impose their own belief system or their order of attainment, or even their very definition? Why is it that some individuals appear to consciously take negative alternatives while positive choices are right in front of them? These doubts huant humanistic psychology and the complexity associated with performing measurable research of the theory further exacerbates the issue. However, regardless of these trials, humanistic theory is incorporated into nearly every opposing school of psychotherapy and improvement of the human condition. It is widely believed that treatment with humanistic undertones creates a nice environment for positive change. While, alone, humanistic theory may be insufficient, the groundwork it lays might be a necessity for to effect significant changes of personality. How to cite Humanistic Psychology, Papers

Impact of Financial Ratios Analysis †Free Samples to Students

Question: Discuss about the Impact of Financial Ratios Analysis. Answer: Introduction The present report provides an analysis of financial position of Wonderland Construction Supplies established on July 16 through the help of calculating the financial ratios. The company has started its business with the initial capital of $70,000 and has developed its general purpose financial reports after taking into account the overall year adjustments. In addition to this, the report also illustrates the technique of deprecation used by the company for accounting its long-term assets and the significant methods adopted for managing and controlling the inventory. Income Statement: This financial statement provides an insight into the revenue and expenses incurred by the company during a reporting period. The end-users can interpret the information in relation to operating expenses of the company such as administration and manufacturing through income statement. As analyzed from the income statement of Wonderland management, it can be stated the operating expenses incurred are more than the revenue realized. This is an issue of concern for the company as it should develop effective strategies for reducing the operating expenses for improving its profitability position. Equity Statement: Also known as statements of equity change and disclose the information related to equity structure of a company. The analysis of equity statement of the company has revealed that it has equity capital of $70,000 and there is withdrawal of about $2000 from the equity capital as drawings. The significant reduction in the equity capital is attributed to the loss made by the company. Balance Sheet: The statement depicts the position of the assets and liabilities of the company at the end of a reporting period (Robinson et al., 2015). Accounting Ratio Analysis Current ratio: The ratio provides a measure of the liquidity position of the company and is calculated through the use of following formula: Current ratio=Current assets/Current liabilities Current ratio of Wonderland=$78,247.20/ $18,227.00=4.3 Thus, the current ratio of the company is 4.3 that is regarded to be better in comparison to its competitor ratio that is estimated to be in between of 15 to 2.7 times. Therefore, it can be said that Wonderland has maintained good liquidity position. Gross Profit Ratio: The ratio depicts the profitability position of the company and is calculated through the use of following formula: Gross Profit=Net Profit/Sales Revenue Gross Profit=$20,664.00/ $69,120.00 = 29.9% The gross profit ratio of competitor of Wonderland is estimated to be in between 3.8% to 4.3%. Thus, it can be said that profitability position of the competitors of the company is better as compared to Wonderland and therefore it should develop effective strategies for improving its financial profitability (Beyer, 2010). Depreciation Techniques The business entities incorporate the use of following two methods for calculating deprecation: Straight-line basis: The method involves calculating deprecation of an asset over its useful life. The sales value of an asset is deducted from its cost and the residual value is depreciated over its useful life. The method is easy for use and thus is widely used by businesses management for calculating deprecation. Reducing Balance Method: The method is also known as written down value method that involves calculating deprecation through charging it to the asset value that remains after deducting the depreciation amount of each year. Thus, the method involves calculating deprecation on an annual basis (Beyer, 2010). The inventory can be monitored and controlled through the use of following two methods: FIFO (First in First Out): The method involves selling the goods that are produced first. Thus, it involves selling the inventory with lower value first as compared to higher value inventory and therefore can lead to significant increase in the inventory value on the balance sheet. LIFO (Last in Last out): The method involves selling the goods primarily that are brought last and therefore lead to decrease in the value of inventory (Warren, Reeve, and Duchac, 2015). The use of internal control methods is essential for the company to prevent the occurrence of any fraudulent activities leading to manipulation of its accounts. In this context, the company can use internal control mechanism such as developing risk and audit committee for monitoring and controlling the cash operations. This will help the company to prevent the chances of occurrence of any frauds related to its financial activities (Albrecht, Stice, Stice and Swain, 2007). Conclusion It can be inferred from the overall report that Wonderland through is experiencing some operating losses but yet has performed well in its first year of business. Thus, the company is expected to deliver better financial results in the coming period and is recommended reducing its operating expenses for improving its profitability position. References Albrecht, W., Stice, J., Stice, E and Swain, M. 2007. Accounting: Concepts and Applications. Cengage Learning. Beyer, S. 2010. International Corporate Finance - Impact of Financial Ratios on Long Term Credit Ratings. GRIN Verlag. Robinson, T. et al. 2015. International Financial Statement Analysis Workbook. John Wiley Sons. Warren, C., Reeve, J. and Duchac, J. 2015. Accounting. Cengage Learning Management.