The harsh reality of an economic downturn is that companies must make decisions to perform budget cuts to compensate for diminishing revenues. Budget cuts can be comprised of a combination of sources. These include outsourcing, employee reductions, service reductions, employee benefit changes, organizational realignments, liquidation, or any resourceful techniques to decrease expenditures. Each decision carries its own incentives as well as consequences. Several of these decisions for reducing budget costs will be discussed.
My Research Papers
This is a collection of various Research Papers that I have written over the years.
The McDonald’s Corporation has been beleaguered for their questionable business practices and ethics. Opponents claim that the corporation aggressively advertises low nutritional food products to children. Challengers also claim that the food is also causes health problems for children and adults as well. These ethical issues have placed the corporation in the spotlight as a representative of fast food restaurant industry. McDonald’s has escaped civil lawsuits thus far. However, the company has been unable to break away from ongoing criticism concerning the integrity within its social responsibility practices.
Aerospace Financial Analysis Introduction The Aerospace and Defense Industry accounted for $209.1 billion in revenues in 2002. The Boeing Company and Lockheed Martin are among the top three revenue producers in the industry accounting for over $80 billion in sales (Yahoo, 2003). The industry has undertaken several mergers and acquisitions to create colossal industries such as Lockheed Martin and Boeing. A financial analysis of both companies will be performed based on the data retrieved on the respective companies based on their most recent annual reports.
Exploring Employment Discrimination in America Introduction On November 19, 1863, the 16th President of the United States delivered a speech that would be embedded in the hearts of generations to come. The Gettysburg Address began with the words, “Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived …
Global trade expansion has been the goal of societies since the beginning of the concept of trade. Over the years, trade around the world has been restricted by political barriers, inadequate industrial technology, transportation expenses and long intervals. There have been communication deficiencies and the deficiency of global management awareness.
The globalization of markets is one of the major forces impacting companies worldwide. As the world progresses toward global economic trade, companies seek opportunities to expand their presence around the world. Strategic Managers must gain knowledge of global marketing strategies in the event that their company elects to enter the global market. Marketers must also be prepared to educate themselves on the transition from domestic to global marketing to protect themselves from global companies abroad. A presentation on the fundamentals of global marketing management will be discussed.
The success of corporations marketing food products to children has drawn criticism from various special interest groups. There is a growing controversy on the ethical implications involved. Many issues such as obesity, compulsive behavior and self identity crisis in children have been blamed on marketing targeted to children.
Whether you have recently moved to America or live out of the country, your perception of the culture in this country may be subject to what you have been exposed to. These sources may have come from photographs, movies, music, news, or tourist visiting your country. Unlike traditional countries in the Middle East, parts of Africa and Asia who have preserved customary culture for centuries, the United States seems to redefine its identity with the onset of each new decade. To countless foreigners, American fashion, music, and automobiles stereotype the identity of Americans as a whole. We can examine each decade from the 1950s until now and form a relationship between perceived American identity and fashion, musical and automotive trends in the United States.
The Family and Medical Leave Act (FMLA) of 1993 was introduced to allow employees to take up to 12 weeks of leave a year to provide care to their families as well as themselves. To be eligible, the employee must have worked for the company for a minimum of a year and have worked at least 1,250 hours. Companies who have at least 50 employees within 75 miles of their location must adhere to FMLA regulations. A similar law, the Americans with Disabilities Act (ADA) is sometimes confused with the regulations of FMLA. It is important that companies know the differences of each law to ensure that they are abiding by the correct regulation. Although America provides FMLA, it is one of three countries that do not provide paid leave. America has fallen behind other countries around the world for providing time for employees to take care for their family matters.
Sam Walton is best known for being the founder of Wal-Mart, the most successful retail outlet in the world. Sam Walton was able to provide leadership to transform his innovative concepts into a revolution within the industry. Even after his death in 1992, his legacy continues to inspire other leaders who would like to enjoy the same success. Leaders can study Sam Walton’s leadership skills and use them as a model to sharpen their own skills.
During the course of history, Chemical Warfare has been used by nations to obtain a strategic advantage over their enemies. Chemical agents are designed to maim, kill, seriously injure, or incapacitate unprotected people. These weapons have been used against military and civilian targets as well. Due to the nature of these weapons, laws and treaties have been enacted to prevent the use of these weapons. However, rouge countries continue to produce these weapons and the threat behind the use of chemical weapons is as real today as ever.
Acid rain is a form of air pollution that is mainly produced by human activity. Damage from acid rain has been widespread in Eastern North America, throughout Europe, Japan, China and Southeast Asia. These damages have affected the world’s soil, plants, animals, bodies of water and human made structures. Many countries have identified acid rain as a real threat to the environment and are attempting to restrain pollutants to reduce the production of acid rain.
Lockheed Martin is a leader in the Aerospace Industry that provides a diverse range of products for the commercial and government sectors around the world. The company has enjoyed record profits in the wake of September 11 due to security interests around the world. As the global demands change, Lockheed must be able to continue to diversify to meet these changing demands. The year 2005 is a crucial year where the company must develop a new strategy to prepare for a downturn in military needs.
Motivating employees is essential to retaining staff. Due to the high costs and time invested in training technical professionals, it is crucial that a company can inspire staff and develop a company culture that promotes a team environment. There are various motivational theories that can be used to guide companies in constructing a strategy to motivate their technical employees.
The Just-in-Time (JIT) manufacturing and inventory system is a philosophy that strives to eliminate wastes and be effective in lowering production costs. Inventory is supplied only when needed from start to finish. JIT requires the total cooperation of the entire company from the top executives to the common factory worker. Suppliers must also be included in the system to ensure that materials are shipped exactly when needed. Only when this is accomplished can a company successfully execute JIT inventory principles.
The North American Free Trade Agreement (NAFTA) has contributed to diminishing the Mexican economy because of its dependence on agriculture. Since the introduction of the treaty in 1994, Mexico has been struggling to find an answer to mounting trade deficits in the agriculture sector. However, if Mexico can successfully implement much-needed changes, Mexican farmers may be able to enjoy a prosperous future.
Microsoft Visual Studio .NET is an Integrated Development Environment (IDE) software package that allows programmers to develop software under the Microsoft .NET Framework. This programming platform allows developers to build software rapidly with very little difficulty. Although .NET technology is still in its juvenile stages, the platform has proven to be extremely effective and promises an absolute solution for programmers in the future using any Operation System or microprocessor.