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Complete 2 page APA formatted essay: 3M case study.

The firm depends heavily on smaller market research firms for conducting market research for them. Pricing of their product were also not adequate to compete in the international market. The strategies like “Lead User” was not successful

Most of the new products developed consumed too much time and because of the heavy pricing they failed in the market. The 3M management failed to identify experts at the right time to cater the needs of current trends in the international market. Their efforts to modernize the traditional managers were not succeeded enough.

The mixing of diverse knowledge and talent to develop a new project: Since most of the employees working in the 3M company were coming from different parts of the world with different skill sets, the careful blending of such talents were a challenging one

Innovation tactics: The 3M firm believed that individual love for discovery would drive innovation. The company allowed all staffs to spend 15% of their time to explore new ideas. This tactics also didn’t work for them

The managers needed vigorous training to understand the need of scientific management techniques and modern technologies to lead a business successfully. It is always better to adopt “Follow User” strategy rather than a Lead User strategy for effective marketing of the products.

The pricing of the 3M products must be revised in accordance with the international standards to compete in the market. The R&D should be expanded and it should devote its entire time in developing new ideas and product based on the market feedback. Market research must be conducted by 3M employees only. It is not advisable to depend, secondary sources for market research as marketing is one of the core elements in every

 

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“”2. Van Den Borsh Corp. has annual sales of $50,735,000 an average inventory level of $15,012,000 and average accounts receivable of $10,008,000. The firm’s cost of goods sold is 85% of sales. The company makes all purchases on credit and has always paid on the 30th day. However, it now plans to take full advantage of trade credit and to pay its suppliers on the 40th day. The CFO also believes that sales can be maintained at the existing level but inventory can be lowered by $1,946,000 and accounts receivable by $1,946,000. What will be the net change in the cash conversion cycle, assuming a 365-day year?3. Buskirk Construction buys on terms of 2/15, net 60 days. It does not take discounts and it typically pays on time, 60 days after the invoice date. Net purchases amount to $450,000 per year. On average, how much “free” trade credit does the firm receive during the year? (Assume a 365-day year, and note that purchases are net of discounts.)4. Ingram Office Supplies, Inc. buys on terms of 2/15, net 50 days. It does not take discounts, and it typically pays on time, 50 days after the invoice date. Net purchases amount to $450,000 per year. On average, what is the dollar amount of costly trade credit (total credit-free credit) the firm receives during the year? (Assume a 365-day year and note that purchases are net of discounts.)5. Affleck Inc.’s business is booming, and it needs to raise more capital. The company purchases supplies on terms of 1/10 net 20 and it currently takes the discount. One way of getting the needed funds would be to forgo the discount, and the firm’s owner believes she could delay payment to 40 days without adverse effects. What would be the effective annual percentage cost of funds raised by this action? (Assume a 365-day year.)6. Weiss Inc. arranged a $9,000,000 revolving credit agreement with a group of banks. The firm paid an annual commitment fee of .5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above the prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?7. Edwards Enterprises follows a moderate current asset investment policy, but it is now considering a change, perhaps to a restricted or maybe to a relaxed policy. The firm’s annual sales are $400,000; its fixed assets are $100,000; its target capital structure class for 50% debt and 50% equity; its EBIT is $35,000; the interest rate on its debt is 10% and its tax rate is 40%. With a restricted policy, current assets will be 15% of sales, while under a relaxed policy they will be 25% of sales. What is the difference in the projected ROE’s between the restricted and relaxed policies?

 

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Read this excerpt from “Mad Cow, Furious Farmer.” The disease was first detected in England in 1986, though some scientists think the very first cases started at least ten years before. Cows usually eat only grass and other plants, but farmers had been feeding them a meat and bone mixture that made the cows plumper. But somehow, at least one batch of the mixture had become contaminated with what was then an unknown killer: a prion. By 1993, British farmers were reporting up to one thousand new cases of BSE a week. Governments all around the world reacted by increasing testing for the disease and not allowing any cows to be eaten if they were at risk of having the disease. As sheep can also get a prion disease called scrapie, they were tested as well. Farmers were angry that they were losing their livestock, and nobody knew how to protect cows and people from the disease. Consumers were also in a panic when they learned about BSE, and for a very good reason: prions are infectious. If you eat a prion from a “mad cow” or sheep, you are at risk for developing a human version of BSE. The public felt betrayed that their governments had underreacted to the problem or covered it up. Eventually, in 1997, governments began to ban farmers from feeding their livestock high-risk meat and bone mixtures. With that ban, the epidemic quickly peaked, and by 2010 had largely disappeared. Over the years, half a million cows and two hundred people had been killed by prions. What is the main idea of this excerpt? Mad cow disease ended because of government bans on feeding cows certain foods, but people were angry that governments did not act sooner. Mad cow disease was originally caused when governments allowed for cows’ food sources to be contaminated, so people were angry at their leaders. Both farmers and customers had been aware of mad cow disease, but they did not think their governments should have done anything to stop it. Both farmers and customers protested to prevent their governments from interfering with the farming and selling of cows and meat.

 

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Hello, I am looking for someone to write an essay on Reason and democracy. It needs to be at least 1000 words.

In his speech on (2009), the united state president Barrack Obama claimed that, American presumes no knowledge of everyone’s needs, but he believes that everyone yearns for certain things in life. These things include. the ability to share their thoughts on how they are governed. the ability to confide in the judicial system. In addition, citizens need to have a government they can confide in with their resources, and for the freedom to live as they may choose (Obama’s Speech in Cairo 2009)

In this sense, a true act of democracy must be supplied by reason. Democratic state, government in office are open and ready to supply all the essential facts of their actions to their citizens. This builds the citizens trust on the government in managing their resources, in the judicial system and their freedom to make their own chooses without state manipulation or threats (Obama’s Speech in Cairo 2009)..

If an individual believes that they are entitled to certain aspects in life, if one can clearly elaborate the reasons as to why they enjoy such rights as opposed to if they were not entitled to them, hence, they believe in democracy. In a judicial system, every judgment ought to be backed by reason. It is only in such circumstances that democracy is fulfilled. If a judge were to pass judgment on individuals without clarified reasons, then this would defile the aspect of democracy. Acts of democracy should be justifiable based on reason.

In a dialogue between. Theseus from a democratic city, and Theban Herald from despotism city.

 

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