Home Decorating Plan :: Interior Decorating Marketing Strategies Essays

Home Decorating Plan 1.0 Executive Summary Interior Views is a retail home decorator fabrics and complementary home accessories and services concept that is now in its third year. This destination store offers the advantages of providing fabrics specifically designed for home decorator use in fabric widths of 54 inches and greater. Over 900 fabrics are available on the floor at any time with more than 3,000 sample fabrics for custom "cut" orders. Customers see, touch, feel, and take the fabric to their home as they work through their purchase decision. Market research indicates a specific and growing need in the area for the products and services Interior Views offers in the market it serves. The market strategy will be based on a cost effective approach to reach this clearly defined target market. The three-phase approach will utilize resources to create awareness of the store and encourage customers to benefit from the convenience and services it offers. Interior Views will focus on its selection, accessibility of product, design services, and competitive pricing. The marketing objective is to actively support continued growth and profitability through effective implementation of the strategy. 2.0 Situation Analysis Interior Views is a retail store heading into its third year of operation. The store has been well received, and marketing is now critical to its continued success and future profitability. The store offers the most extensive selection of in-stock decorator fabrics as well as a resource for special ordered fabrics. The basic market need is to offer a good selection of decorator fabrics at reasonable prices, for the "do-it-yourself" and the "buy-it-yourself" customers, through a personalized retail store that offers excellent service, design assistance, and inspiration for people to redecorate their homes. 2.1 Market Summary We possess good information about our market and know a great deal about the common attributes of our most prized and loyal customers. We will leverage this information to better understand who we serve, their specific needs, and how we can better communicate with them. Target Markets 2.1.1 Market Demographics The profile of the Interior Views customer consists of the following geographic, demographic, psychographic, and behavior factors: Geographics  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Our immediate geographic market is the Boise area, with a population of 168,300.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A 50-mile geographic area is in need of our products and services.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The total targeted area population is estimated at 568,800. Demographics  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Female.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Married.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Have children, but not necessarily at home.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Have attended college.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A combined annual income in excess of $50,000.

Customer service paper

According to Mint Gang † being able to understand and create the human connection, from understanding the customer to building a legislations to sharing that interest and passion, is now taking centre stage for the service industry as expectations rise – not Just among local customers, but international visitors as well (2013). Keeping this information in mind the results of the survey have been determined areas have received positive scores however some questions asked lead to negative gaps in the organizations customer service.Due to the negative scores that some questions received the Mavericks staff has decided to implement a new performance management system, a mentoring system that revised instant feedback and testing that will reinforce the employee's knowledge. Mavericks will also be introducing weekly meeting with its staff to ensure the players are receiving the best possible gaming experience. Data Collection Instrument Used Due to the complexity of a question naire that allows the surveyors to remark on the service being provided Mavericks Poker Room has opted to utilize a liker scale method to get the results of its customer service.A liker scale method was designed and used by Mavericks Poker Room to evaluate the findings of the customer service bevel that is being received by patrons. The scale that was used is a 1 to 5 rate system with 1 being the low and 5 being the high. Surveyors were asked ten questions to determine the level of customer service that is being delivered to the patrons. The survey was designed with easy to answer questions. Avoid technical Jargon when designing the questions to ensure accurate answers. Keeping the survey simple to understand and relevant to subject matter.In the liker scale open ended questions are avoided to not confuse the surveyor. The design of this survey is to determine Lear and precise answers of weak areas in need of improvement. Analysis of Data Collected Using table 1. 1 below it is deter mined that are areas Mavericks needs to consider improving upon. Surveyors were asked in Question 2 if they thought the dealers were fair among players. Question 2 received and average score of 2. 4 under the acceptable score of 3. 0. The management at Mavericks may want to consider a meeting to correct the implication that some players feel they have been unfairly treated.Question 2 can also consist of player perceptions and may not initially be as accurate as the management staff was looking for. If the surveyor is a disgruntled or angry customer the perceptions of fair and bias treatment may be blurred by the emotional state of the player. Question 7 asks if the dealers are consistent. This question also earned a negative average score of 1. 8; this should be a major concern for the management. The management team will need to consider a training session to make sure the entire staff is running their table exactly the same way. Another negative gap is shown in question 10.Questio n 10 asks if the players feel the tables re controlled properly. This question received and average score of 1. 8. This is another area that could be covered in a training session to ensure no confusion about the obligations of the dealer. All other questions in the survey scored 3. 0 and above ensuring that most of the customer service at Mavericks is at an acceptable standard. Table 1. 1 Due to the negative gaps in customer service Maverick's analyzed the average score of the on an individual basis. These results were a bit confusing to the management team. The negative gaps did not exist individually.As shown in Table 1. The average overall score for each individual is comparable to each other. Surveyor 1 has an average score of 3. 1, Surveyor 2 has an average score of 3. 1, Surveyor 3 has an average score of 3. 0, Surveyor 4 has an average score of 3. 0, and Surveyor 5 has an average score of 3. 5. If we add all individual scores and divide them by the number of questions Maveri cks has an overall ranking of 3. 14. Mavericks has required an average customer service score of 3. 0 with which the organization is meeting as a whole. However, there are individual areas that are not meeting the 3. Goal. Table . 2 After analyzing the results of the surveys the areas that have scored lower may be an affect of emotional intelligence. According to an article from Teller Vision emotional intelligence is linked to the way individuals treat others. The article states â€Å"emotional intelligence can make or break someone's work performance† (Teller Vision, 2013). Looking at the results it is determined that all of the questions that score low are in individual performance. With this information Mavericks needs to determine what kind of training would help eliminate these issues. RecommendationsIt is the recommendation that Mavericks Room needs improvement in some of the areas surveyed. The results of the survey reflect that question 2 that asks if the customers b elieve that the dealers are fair to all players. Because of these results it is the decision to implement a performance management system that will ensure closer monitoring of the dealers. Implementing a system that focuses on appraisals will help indicate where the weaknesses are and which dealers are in need of training. It is the perception of the players that there are unfair acts or bias decisions made by the dealers.These perceptions may not be as accurate as the survey is stating. Perceptions are based on what the player's perceive and may not be the actual reflection of the dealer's Job performance. It is the belief of Mavericks management that once the performance management system is implemented the true results of the dealer's fairness and unbiased actions will be reflected on the performance appraisal. â€Å"Performance Management is a continuous process of identifying, measuring, and developing the performance of individuals and teams aligning performance with the stra tegic goals of the company' (Gauguin, 2013 p. ). The performance system will include performance appraisals and timely feedback to the dealers whether it be positive or negative. If the appraisal reflects negative scores the dealer will then be able to do a development plan for the areas indicated. The development plan will ensure the dealer is working toward the goal of providing the fairest gaming experience. A performance management system will assist the management staff with the gathering of information to analyze if the dealers are being unfair or bias, or if this is Just a perception of players that have had bad experiences at the gaming table.Many organizations utilize the performance management systems to ensure the quality of work employees are providing. There was also a negative result in question 7 which asks if the dealers seem to be consistent among the players. Consistency is a major concerned for management staff. If the dealers are not being consistent at the table s there is room for the players to be inconsistent as well. It is the decision of Mavericks to incorporate training program that will be ensure all dealers are consistent and all making the same decisions and calls at the table. All dealers will be required to take on a two week period of mentoring.A mentor will provide wisdom, technical knowledge, and assistance to the dealer throughout the two week period. Mentoring â€Å"is about relationships in organizations that enhance individuals' development in the early, middle, and later career years. It is the thought of Mavericks management that if they take their most seasoned consistent dealer and have them be a mentor to the other dealers the consistency of the dealers should rise to a higher level. After the two week period the management staff will sit with the mentor and the dealer to refry that the dealer does not have any questions and to provide feedback to the employee.After all dealers have been mentored the management staff has also decided to periodically test the dealers to ensure they are maintaining a consistent level of service to the players. There was also a negative result to question 10 which asks if the customers feel dealers control the table in a manner for a player to enjoy themselves. It is the thought of the Mavericks staff that once the implementation of a new performance management system and the new mentoring program that the results for question en will be improved with knowledge the dealers will gain.However, Mavericks still wants to ensure the dealers are maintaining control of their tables. The problem with controlling the tables is that often the dealers are dealing with angry customers. Because dealers work so closely with people and their money the players can sometimes become very frustrated taking aggressions out on the dealer making for a hostile work environment. According to Anne Grandstander â€Å"it takes a lot of skill to deal with displeased people when they have a p roblem with the problem or service† (2004, p. 234 up. L).To ensure that the tables are being controlled at all times the management staff has decided that they will implement weekly meetings. These meetings will ensure that the dealers are aware of any changes that may be taking place that may help them control the tables in the most consistent and constant manner. During these meetings the dealers will be able to inform the management staff of any concern or issues that they may be having at the tables that would create a pleasurable gaming experience for the customers. Conclusion Mavericks Poker Room conducted a survey to determine the level of customer revere the patrons are receiving.After conducting the survey the results were gathered and analyzed showing negative gaps in areas of dealer fairness, consistency, and control of the tables for enjoyment of the players. Recommendations were made to implement a performance management system that will ensure the fair treatment of players. A performance system will also ensure that the perceptions of the players are accurate and not that of biased results. It is also the decision of Mavericks management to implement new training techniques. These techniques consist of mentoring and testing to ensure consistency among the Mavericks staff.By mentoring the more seasoned employees the dealers will remain consistent when making calls and decisions at the table. Mavericks will also be implementing weekly meeting to ensure the control of the tables are remaining constant. Mavericks is looking to provide the best possible gaming experience to its patrons. By utilizing this information and implementing new ways to meet customer standards Mavericks is sure to be a successful establishment. References Gauguin, H. (2013). Performance management (3rd deed. ). Boston: Pearson. â€Å"Emotional intelligence† a key factor in on-the-Job success. 013). Teller Vision, (1425), 1-2. Retrieved from http://search. Protest. Com/deceive/ Gang, M. (2013, Jan 01). The customer is not always right. The Business Times. Retrieved from http://search. Protest. Com/deceive/ 1265909746? Accounted=8473 Mentoring at work: Developmental relationships in organizational life. Kara, Kathy E. Lankan, MD, England: University Press of America. (1988). Xiii 252 up. Http:// essence. Pap. Org/psyching/1988-97625-000 Grandstander, A. (2004). Serving internal and external customers. Upper Saddle River, N. J. : Prentice Hall. Rate our serviceEach question will be on a 1-5 scale 1 being least and 5 being to most happy with service. 1. Do you feel the customer service is satisfactory 2. Do you feel the dealers are fair among the players 3. Do you feel the pit-bosses are knowledgeable 4. Do you like the environment 5. Do you feel the dealers are equipped with knowledge of the game 6. Do you feel the dealers know the policies and rules of the poker house 7. Are dealers consistent 8. Are pit-bosses consistent 9. Do feel the tourna ment structure is acceptable for players 10. Do you feel the dealers control the table in a manner for a player to enjoy themselves?

My Thoughts On Writing And Writing - 927 Words

Just like the writing I am forcing from my thoughts right now, writing in general is a difficult process for me to transfer from my mind to paper. I have found that when I write I tend to be very repetitive by saying the same thing in a different way over and over. I believe that my repetition is derived from trying to be too complex in the development of how I write. Some additional problems I come across in developing my rhetoric are concentrating; as my focus can be easily drawn away from the current topic at hand. I believe that it may be a short intention span or maybe even lack of understanding toward a certain topic such as the current one about writing developments. I struggle with my ability to form complete thoughts without jumping topics or merging each thought into one another. In retrospect to the problems I have come to face with my writing I do have many things I enjoy about writing. Writing to me is a way to be descriptive and creative with my own thoughts depending u pon the style of course, but for the most part it is intriguing because everything that I will do in life will require me to have some set of writing skills. With the following in mind my essay writing process is developed from these aspects. My writing process will start by forming ideas in my head. Usually I don’t like to write these ideas and thoughts down because I don’t feel they are very developed therefore not worth the time it would take to plan them out on paper. This is especially trueShow MoreRelatedMy Thoughts On Reading And Writing Essay1307 Words   |  6 Pagescrowded classroom of a high school that I have never been to, I gathered my thoughts to write my essay for the SAT. When I finished my essay, I sat there staring at the ceiling waiting for the instructor to tell everyone to finish their last sentence. While spending some time alone with my own thoughts, I wondered if I had finished too fast. I looked around the classroom and saw that a majority of my peers were still writing their papers. After seeing that everyone was still working on their essaysRead MoreEssay My Thoughts on Writing4282 Words   |  18 PagesMy Thoughts on Writing The only thing I care about; the only thing I hope to get from this course, is some improvement in my ability to write what I think -- explain ideas and feelings to other people. I dont give a damn about anything else, and so far I havent been disappointed. At the beginning of the course I was informed that we were going to be discussing exposition, which isnt so much a kind of writing as a purpose or attitude behind it. This purpose is to explore, unfold, or developRead MoreI Am Not For Writing My Thoughts1749 Words   |  7 PagesI am not that good with words, so I tried writing my thoughts. It is a bit awkward writing like this. 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My writin g experiences started when I was in the Philippines and have continued now that I am here in the United States. I have written different kinds of essays since I started my freshman year of high school here in the US, and I struggled a lot writing them, and IRead MoreWriting An Argumentative Essay - Writing801 Words   |  4 Pagesgreat deal to writing. Throughout my lifetime I have had to write numerous amounts of essays and papers for various subjects, all requiring different styles and techniques. Before engulfing myself into the writing process I would try and think of whom I am writing to and what I am writing about. I always just assumed I was writing for my audience, that being my teacher. Writing an argumentative research paper is something I had yet to accomplish in my college career. Not only was it thought provoking

Contemporary Issues On Public Management - 3046 Words

Comprehensive Exam in Public Administration id 2346 1 CONTEMPORARY ISSUES IN PUBLIC MANAGEMENT Select one example or issue from the public sectors of a major public policy. Explore in essay how that current policy problem in government is relevant to and then undercuts the quality of public service and the operation of key regime values and political character traits In his book Theories of the Policy Process (2007) Paul Sabatier described the public policymaking process as follows: â€Å"problems are conceptualized and brought to government for solution; governmental institutions formulate alternatives and select policy solutions; and those solutions get implemented, evaluated, and revised† (p. 3). For the purpose of this essay the Social Security and its financial soundness problem will be considered. The alternative solutions to this problem will be reviewed. The range of services provided by the Social Security Administration will be reviewed with an emphasis on quality component of the public service delivery. The financial soundness of the Social Security system is an important issue which gets frequent attention from politicians, public servants, citizenry, and media. If the established system would fail financially at any point in the future, it will significantly undercut the quality of public service and undermine the trust of citizenry in the existence of the safety net within the country. It is important to understand the nature of the problems existing within theShow MoreRelatedEnvironments Of The Four Contemporary Management Approaches To Management834 Words   |  4 PagesThere are four known contemporary management approaches that include: sociotechnical theory, organizational behavior, quantitative management and systems theory. 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Corporal Punishment Essay - 1366 Words

Over the years, the use of corporal punishment or physical punishment, which is also known as spanking, has been argued and debated upon. Children need to be disciplined and though there are different forms of discipline, sometimes all a child needs is a little spanking to set them straight. Corporal punishment is the deliberate infliction of pain as retribution for an offense, or for the purpose of disciplining or reforming a wrongdoer, or to deter attitudes or behavior deemed unacceptable. The argument over whether to spank or not to spank usually devolves into two points of view. The â€Å"No Spankers† contend that spanking is child abuse, and that it is associated with various adult pathologies. They have consistently argued that there†¦show more content†¦Spanking, when it is done for the right reasons, that is, for wrong done by a child, does no harm but rather helps to strongly send a message to that wayward child that you as a parent are serious and that negative behavior has to stop. Though I am at an age where my parent spanking me is totally inappropriate, I survived the spanking of my early years and I believe I am a better adult because of it. I turned out to be a law-abiding citizen, who, as insignificant as it might be, has never seen the insides of a police car, let alone a police station. I believe that the effects of spanking a child cannot be decided through study or research. People are born with different characteristics; some childre n do not have to be spanked before doing what they are asked to do, while some children are belligerent and need that pat on the butt now and then to put them on the right path. I completely disagree that children who are spanked turn out to have trust issues or lose sight of the differences between right and wrong. The fact that they were able to notice or discover these traits in these children that were spanked when they were little does not prove a direct correlation. There could be more to these traits that lies underneath. What I do agree with though, is that spanking makes a child discontinue his or her negative behavior to avoid being spanked and this helps create betterShow MoreRelatedCorporal Punishment1764 Words   |  8 PagesCORPORAL PUNISHMENT RESEARCH STUDY CHAPTER 4: DATA ANALYSIS, INTERPRETATION AND PRESENTATION OF FINDINGS 4.1 INTRODUCTION To interpret something is to give it a meaning., Ttherefore, data analysis is the act of organising and reducing the data to a more manageable and interpretable form (Krà ¼ger, De Vos, Fouchà © Venter, and 2005: 218). 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For a number of years the debate about the use and effectiveness of corporal punishment by teachers has divided educators, parents and ministry officials. As a result, researchers has tried their best to determine whether punishment or harm to a child does indeed thwart misbehavior and encourage students to follow the rules and regulations set forth by the schools. Although, Trinidad and Tobago has banned corporal punishment itRead MoreCorporal Punishment in Schools1531 Words   |  7 PagesCorporal punishment in schools Advocates of school corporal punishment argue that it provides an immediate response to indiscipline and that the student is quickly back in the classroom learning, rather than being suspended from school. Opponents believe that other disciplinary methods are equally or more effective. Some regard it as tantamount to violence or abuse. 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This topic is controversial because some people feel very strongly that they should be allowed to continue using these methods and others feel very strongly that they should not be allowed to. I feel as if this method of punishment is inhumane and should not continue to be used. The modernization of psychology has proved that hitting children will not help them learn thatRead MoreCorporal Punishment in Schools1484 Words   |  6 PagesCorporal Punishment in Schools Corporal punishment is the deliberate infliction of pain as retribution for an offence, or for the purpose of disciplining or reforming a wrongdoer, or to deter attitudes or behaviour deemed unacceptable (Miller, Vandome, amp; McBrewster, 2009). Corporal punishment can be divided into three categories, these include: judicial, domestic and school. For the purpose of this essay we will be focusing on school corporal punishment, the advantages and guidelines to followRead MoreCorporal Punishment And Its Usage986 Words   |  4 Pagesof whether or not parents and teachers should use corporal punishment in the name of discipline had caught my eye for several reasons. One of the most important reasons is that I was beaten by a wooden paddle while I was growing up. I was about 12 years of age when my teacher beats all of my classmates including me just because one of us was misbehaving. That was in Baghdad, Iraq, where teachers and parents are allowed to use corporal punishment freely wi thout any fear. Another reason is that I was

Primary Responsibility of Every Company †Myassignmenthelp.Com

Question: What Is The Primary Responsibility Of Every Company? Answer: Introduction Due to the irresponsible activity by BP, there was a major leakage of crude oil into the Gulf of Mexico, which disrupted the smooth flow of operations of the entire region. Furthermore, many industries like tourism, fishing, etc were badly hampered because of the oil spill. As a result, some of such industries even had to be shut down in order to avoid additional losses in their businesses. Moreover, the spill also resulted in a significant drop in the oil prices from $86.19 to $68.03 in the year 2010. After evaluating such circumstances, BP undertook the liability of sustaining the entire environment (Jefferson Bowling, 2011). These activities included compensation processes, cleaning up activities, and research activities. Nonetheless, the company aimed to restore the entire economy so that the harmful effects of the disaster can be controlled. Legitimacy theory Legitimacy theory depends on the social contract ideology wherein companies seek a Accounting interconnection with the society in order to obtain a secure accessibility of resources. Furthermore, companies rely on such social value and the assumption of societies that are associated with the organizational performance. Nonetheless, a discrepancy is of primary concern to the company, thereby posing a risk to its legitimacy. Such risk or threat to legitimacy is a key concern that must be addressed because it hampers the bond betwixt the company and its stakeholders, thereby limiting its resources. Moreover, this can be in the form of a massive threat that can enhance strict regulations by the government, a lesser level of employment, disinvestment by creditors, fall in customers demand, etc (Broder, 2012). Considering all these issues, it is vital that the company must conduct its activities in a manner that is not detrimental to stakeholders interests, thereby assisting in the attainment of key goals. In the case of BP, legitimacy crisis had occurred due to the massive tragedy, and to assure an effective public response, it is important to pursue an effective form of disclosure in reporting measures (Jacobson, 2013). However, the company had no past record of precautionary measures that would be implemented in case of an oil spill. On a whole, the company defied the theory of legitimacy. Stakeholder theory This theory is associated with detecting who are the stakeholders of the company and the way by which they interact and implement them upon the organization. Besides, companies that can frame an effective interconnection with their stakeholders can perform better than other organizations. On a whole, with the assistance of social contracts, such companies make the stakeholders responsible for their objectives. The tragedy on April 20 shook the entire Gulf coast because many industries were affected and some even had to be shut down. Moreover, the combined economic affairs of such affected industries amounted to more than forty billion dollars. The residents do not possess a direct authority over the company but in relation to long-run, they pursue an indirect authority. Furthermore, based on this theory, BP must enhance its bonds with stakeholders in order to restore social legitimacy (Dittrick, 2010). For such, it has to make ways for the restoration activities to minimize the impacts of the spill. Besides, the occurrence of spill resulted in the establishment of a US trust of twenty billion dollars that the company must pay for a response to its ineffective affairs. This sheds light on the indirect authority of the community and therefore, BP must conduct such operations effectively and rapidly. Public interest theory This theory is related to the companies and their role towards securing the efficacies of the entire economy. Agencies are duty bound to implement strict actions during the occurrence of any urgencies. Furthermore, it must also be established when the action must be implemented and entrusted to the statutory bodies. Moreover, it has become problematic on the part of trustees to track the various products and services that have disappeared from the environment (Lahav, 2014). Therefore, considering the BP oil spill tragedy, the theory of public interest is not applicable in any case because the company never focused on the efficacy of the entire economy. Besides, its annual report also did not highlight any activity undertaken to assist the people or benefit the economy. Interconnection of the theories with Accounting Record The legitimacy theory provides that companies that are viewed as legitimate must function within a prescribed set of rules and regulation. Besides, disclosure is one such step that can assist in maintaining legitimacy as it can address the concerns of society regarding the companys functioning. However, in relation to the case of BP, it can be viewed that the company is accused because it has failed to implement adequate disclosure measures in its reporting framework, thereby resulting in the loss of societys confidence (Cherry Sneirson, 2010). Moreover, if the company had not restricted the details regarding the oil spill, it would not have resulted in such a situation. Therefore, the company must make steps to keep its stakeholders adequately informed of its activities in order to stay legitimate as a whole. According to the public interest theory, it can be observed that there is a presence of delicacy on the market and it will not perform adequately if permitted to function on its own. Since there was a restriction of sufficient resources; the agencies became incapable of operating in an appropriate way. Besides, even the enforcement resources of the company were insufficient that resulted in the major downfall of the companys trust and the tragedy as a whole (Cherry Sneirson, 2010). Based on the stakeholder theory, there is an urgent need for adoption of ethical activities on the part of the management. BP must be able to concentrate on matters relating to the development of an effective bond with its stakeholders. Besides, since the company had to go through major dissatisfaction from the public post the oil spill, it can be said that the company was responsible for the tragedy (Khatchadourian, 2011). However, it maintained a strong position by progressing in the right direction towards facilitation of restoration activities. Role of regulators The role of statutory bodies is very important for companies like British Petroleum because they can assist in framing an effective balance, thereby ultimately resulting in a smooth functioning. Furthermore, adherence to statutory rules and regulations become easier with the help of such regulators. Moreover, companies can also enhance their brand image in the eyes of the public through addressing their issues on the direction of the regulators (Juhasz, 2011). However, in relation to BP, resources and other enforcement resources were insufficient that could have assisted in protecting the public. Besides, a minimal focus was granted towards drilling and other relevant operations. Explanation of the position Determination of the influence of costs is very problematic, especially when these are non-quantifiable. However, in relation to BP, these costs possess a vital part in giving shape to the future of the company. As per my notion, the following proper patterns of the disclosure can assist in enhancing the corporate image of the company. Therefore, it must disclose all the relevant costs that are incurred on the part of other industries regarding the occurrence of the oil spill (Rampton Gardner, 2012). Moreover, adherence of IAS 37 can be a relevant consideration for the company because it takes into account contingent liabilities, assets, and provisions (Broder Krauss, 2011). Besides, such provisions for cleaning process are required under the standard that must be measured under the amount. In addition, it can also assist in the calculation of environmental impacts of the oil spill through consideration of economic standards. On a whole, it can be commented that the model can play a key role in permitting the company to quantify the decline of natural resources and thereafter determine the future value with effectiveness and flexibility. Conclusion BP oil spill had a major influence on its market capitalization that resulted in the deterioration of its financial position as a whole. The company had to expend more than thirty billion dollars in response to the compensation procedures, cleaning processes, research activities, and lawsuits that were made against it. Moreover, as of June 25, the stock prices of the company reported the lowest and this could be attributed to a major impact on the companys market capitalization. Nevertheless, even though the financial position of the company was powerful, yet the accident resulted in degrading its stock prices. On a whole, implementing effective steps in the future can assist the company to make up for the losses incurred due to the tragedy. Besides, laying a framework of CSR activity on the part of the company is also relevant. References Broder, J. M 2012, Ruling Favours Owner of Rig in Gulf Spill, The New York Times, viewed 19 May 2017, https://www.nytimes.com/2012/01/27/Accounting/energy-environment/transocean-not-liable-for-some-gulf-spill-claims-judge-rules.html. Broder, J. M., Krauss, C 2011, Regulation of Offshore Rigs Is a Work in Progress, The New York Times, viewed 18 May 2017, https://www.nytimes.com/2011/04/17/us/politics/17regulate.html?pagewanted=all_r=0 Cherry, M.A Sneirson, J.F 2010, Beyond Profit: Rethinking Corporate Social Responsibility and Green washing after the BP Oil Disaster, Tulane Law Review, vol. 85, no.4, pp. 983-1038. Dittrick, P 2010, Investors ask firms to outline deepwater risks, spill-response plans, Oil and Gas Journal, vol. 108, no. 30, p. 26. Jacobson, M 2013, By the Numbers: The Oil Spill and BP's Legal Troubles, PBS News Hour, viewed 18 May 2017, https://www.pbs.org/newshour/rundown/2013/07/gulf-oil-spill-by-the-numbers.html Jefferson, J Bowling, N 2011, The Economic and Biological Impacts of The BP Oil Spill, NDS 372.01 Environmental Studies Capstone Seminar. Juhasz, A 2011, Black tide: the devastating impact of the Gulf oil spill, John Wiley and Sons, New Jersey Khatchadourian, R 2011, The Gulf war, Was there any heroes in the BP Oil Disaster, viewed 18 May 2017 https://www.newyorker.com/magazine/2011/03/14/the-gulf-war Lahav, A 2014, The ideas that underly BPs cert petition dont make sense, viewed 18 May 2017 https://neworleans.legalexaminer.com/toxic-substances/professor-lahav-the-ideas-that-underly-bps-cert-petition-dont-make-sense/ Rampton, R Gardner, T 2012, U.S. bans BP from new government contracts after oil spill deal, viewed 18 May 2017 https://articles.chicagotribune.com/2012-11-28/business/sns-rt-us-bp-contractsbre8ar0m1-20121128_1_bp-plc-deepwater-horizon-oil-spill

Running Head HUMAN RESOURCES MANAGEMENT ON PRODUC Essays

Running Head: HUMAN RESOURCES MANAGEMENT ON PRODUCTIVITY Effects of Human Resources Management On Productivity Topic Proposal Annette J. Gouag Davenport University HRM700 Professor Bill Powers January 17, 2018 Abstract Human Resource Management (HRM) has a crucial role in any company. Functions that include individual and group incentive pay, in addition to several non pay aspect of employment relationship of the business , a spects such as hiring and firing, work organization such as team s dynamic and autonomy. that include has now become a major field in labor economics. The objective of my research is to use standard and functional economic tools to the special circumstances of managing employees within corporation s in order to better understand the impact of HRM on business productivity . In this r esearch , I will examine the relationship between Human Resource Management (HRM) and productivity. I will start with important facts on trends and levels of both HRM and productivity and the main economic theories of HRM. I will emphasize on some of the determinants of HRM including risk, competition, ownership and regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results (from micro-econometric studies). I will then conclude by briefly bringing forward suggestions of avenues for future frontier work. My topic selection for this research paper is about understanding the Effects of human resources management on productivity'. In researching this topic, I will examine how the impact of HMR management of personnel enhance productivity and the various factors that are linked to it (Bloom, 2010). The human resource covers a large area and in particular I will be looking at specific areas like work motivations or incentives and work organization that enables the company workforce to give in more effort and work harder for the company (Bloom, 2010). The human resource management is an extensive territory of study and in this report I plan to concentrate especially on how the management of workforce enhances efficiency. The report will be made through the broad research of scholastic papers published throughout the world. The parts of human asset that are of specific importance to increase efficiency or productivity would comprise compensation system, examination framework, advancements and vocation improvement. This angle are especially going to be taken up on the grounds that for people working for any firm, these viewpoints are the fundamental and most normal prerequisites for people to work harder for the firm and eventually enhance productivity (Nickson, (n.d.)). Another perspective that I will examine is the one on work association in order to make sense of how the human resource management can enhance productivity concurrently. The work association particularly alludes to the dissemination of decision rights amongst managers and employees, work outline and work adaptability, teamwork and group solidarity and data arrangement (Park, 2008). Every one of these components come together to increment the inspiration level of workers and consequently lead to an increase in profitability (Ichniowski, 1995). In conclusion, these are the primary factors that will be examined further to demonstrate the speculation that HR administration has a strong impact on profitability expansion. References Bloom, N. (2009). Human Resource Management (HRM) and productivity. Accessed on January 17th 2018, from http://emlab.berkeley.edu/users/cle/secnf/vanreenen_slides.pdf Bloom, N. (2010). Human Resource Management and Productivity. Accessed January 17 2018, from http://www.stanford.edu/nbloom/w16019.pdf Ichniowski, K. S. (1995). The Effects of Human Resource Management Practices on Productivity. The National Bureau of Economic Research. Accessed January 20, 2018, from http://www.nber.org/papers/w5333 Nickson, S. H. (n.d.). Employee champion' or business partner'?. The views of aspirant HR professionals. University of Strathclyde. Accessed January 20 2018, from http://www.cipd.co.uk/NR/rdonlyres/B227B99E-72CF-491A-B460-D4648F64E92B/0/Centres_Conference08seminarResearchNicksonetal.pdf Park, T. A. (2008). Productivity and efficiency impacts of human resources practices in food retailing. Industry Studies Association. Accessed January 20 2018, from http://isapapers.pitt.edu/117/