Finance and Accounting Essay Example | Topics and Well Written Essays - 1250 words - 1

Finance and Accounting - Essay Example Both these ratios address the bankruptcy issue. According to the calculated ratios, Qatar Telecom’s liquidity position seems to be strong as compared to Vodafone in both the years 2010 and 2011. Qatar Telecom’s personal liquidity ratios have deteriorated in 2011, compared to 2010, but then even the company has a stronger position as compared to Vodafone, which almost has balanced proportion between its current liabilities and its current assets. Vodafone’s personal current and acid test ratio has reduced in the year 2011 and it currently has a ratio of 0.49:1 and a 0.48:1 current and acid test ratio. Gearing Ratios Gearing ratios analyze the proportion of debt to equity within the financing of a company. These ratios illustrate as to how much a company is financed via and how much via equity. A company having more loans and less equity is said to be highly geared and is considered to be more risky but having said that, it can never be stated that a low geared com pany is good, since it is considered to be taking less initiative, hence a balance is to be maintained. According to the calculated ratios, Qatar Telecom is highly geared as compared to Vodafone. The ratios clearly illustrates that the Qtel’s debt financing is 1.59 times its equity financing. Qtel has reduced its debt financing by paying off some of its debt as compared to the year 2010 but this has not been a significant reduction. Qtel’s debts almost amount to 61% (0.61) of their total assets, hence it can be seen that the company has heavily relied upon debts. Vodafone on the other hand has too little debt financing and it can be seen from the ratios that the company prefers equity financing over debt financing. As...By June 2008, Vodafone received was awarded telecom operating license within the country, making the company as the second mobile phone service provider within the country. Vodafone started its services within Qatar on 1st March 2009. This ratio provides an idea to the investors as to the return that that would extract from the company. The return on investment for Qtel has improved and has increased by 1.79% (5.82-4.03). Vodafone’s return on investment has also improved but the company’s losses would not be able to make them give any good to their investors. Since both the companies operate within the same sector, a fair comparison between the performances of the two would be more fruitful. The best technique available to analyze the financial performance of both the companies would be to use ratio analysis. There are various ratios which can be used to evaluate the performance. Following are the ratios which have been calculated to assess the financial performance of both the telecom service providers. From the ratios, it can be derived that the financial performance of Qtel is way better than Vodafone but it can be argued that Vodafone is still within its early and growing phase and that the company has shown good prospects, hence it can improve with the passage of time.

Job Analysis, Descriptions and Specifications Case Study

Job Analysis, Descriptions and Specifications - Case Study Example Job analysis can be conducted using qualitative tools such as interviews with existing clients or quantitative tools such as surveys or comparison to similar job roles in the competitive job market at other companies. Once parameters of the skills and knowledge needed to perform a job have been identified, it becomes easier for HR professionals to determine new pay categories that are competitive or directly in-line with job role function. New performance appraisals can also be developed to help human resources track performance of the employee in this job to determine whether goals are being met based on research findings. The entire process can be research intensive, however it helps leadership understand each job role and have a form of documentation available that helps the business identify with strengths or weaknesses of the job or how to better allocate resources if redundancies between job roles are identified. Job Analysis Driving Job Descriptions After conducting research, the skills, knowledge and abilities needed to successfully perform the job are documented. This could include educational credentials or the mental and physical needs of the job, depending on the environment and the complexity of the role. For example, research might indicate that typing speed of at least 60 words per minute is required to manage multi-tasking activities in the job, therefore the new job description will indicate that interviewers should be looking for people with high manual dexterity and speed. Either through observation, interviews or other measurement tools, the description is designed to best fit what has been discovered about the skills needed to accomplish the job tasks successfully. Pay grades are then determined based on what has been identified related to skills and the job role. Job analysis would also determine whether performance goals are being met properly based on research findings about job role. Tasks that have been identified are then listed on th e description with essential functions and duties related directly to the research results. Job Analysis and the VA Case There was a great deal of redundancy in the VA case, involving nurses and doctors that were performing the same tasks, as was identified through the research study and the interviews. This showed there was a need for restructuring at the organization. From the study: â€Å"Based on the high levels of overlap†¦there appears to be a tremendous opportunity to reallocate work more efficiently† (Best, Hysong, Pugh & Suvro, 2006, p.304). If the organization had used more detailed job analysis, these redundant activities could be identified and streamlined in a single job function. For example, if the nurses and the physicians were routinely documenting patient medications, then implementation of a new electronic system for one-time entry could be implemented. Job analysis would show what specific roles were overlapping and then restructure each job title, ba sed on description, in a way that was more efficient. Only through internal research, either observational or through interviews, could job titles be more narrowly defined to avoid overlapping duties. The complexity of t

Women Entrepreneurship in India Essay Example for Free

Women Entrepreneurship in India Essay Women are generally perceived as home makers with little to do with economy or commerce. But this picture is changing. In Modern India, more and more women are taking up entrepreneurial activity especially in medium and small scale enterprises. Even as women are receiving education, they face the prospect of unemployment. In this background, self employment is regarded as a cure to generate income . The Planning commission as well as the Indian government recognizes the need for women to be part of the mainstream of economic development. Women entrepreneurship is seen as an effective strategy to solve the problems of rural and urban poverty. Traditionally, women in India have been generally found in low productive sectors such as agriculture and household activities. Human Development Report 2004 ranks India 103 in Gender related Development Index (GDI). As per 2001 census; women constitute nearly half of India’s population. Out of this total, 72% were engaged in agriculture, 21. 7% in other non agricultural pursuits with only 6. % in household industries. Women entrepreneurs in India are handicapped in the matter of organizing and running businesses on account of their generally low levels of skills and for want of support system. The transition from homemaker to sophisticated business woman is not that easy. But the trend is changing. Women across India are showing an interest to be economically independent. Women are coming forth to the business arena with ideas to start small and medium enterprises. They are willing to be inspired by role models- the experience of other women in the business arena. The role of women entrepreneurs is especially relevant in the situation of large scale unemployment that the country faces. The modern large scale industry cannot absorb much of labour as it is capital intensive. The small scale industry plays an important role absorbing around 80% of the employment. The myth that women cannot engage in productive employment needs to be dispelled. They can be encouraged to set up small and medium scale industries on their own initiative. Entrepreneurship development for women is an important factor in economic development of India. Rural women can be encouraged to start cottage industries. Rural based micro enterprises have been encouraged by the government by various schemes-such as Integrated Rural Development Program (IRDP), Training of Rural Youth for Self Employment (TRYSEM), and Development of Women and Children in Rural Areas (DWCRA). The aim is to remove poverty through entrepreneurial programs. An ILO report on women entrepreneurship identifies the following problems faced by women entrepreneurs. 1. Lack of family support- Sometimes the family may make the women feel guilty of neglecting household duties in her pursuit of business obligations. Cultural traditions may hold back a woman from venturing into her own business. 2. Lack of capital-traditional sources of finance like banks are reluctant to lend to women entrepreneurs especially if they do not have any male or family backing.  This is especially true of lower income females. Women do not have adequate finance or legal knowledge to start an enterprise. 3. Lack of confidence and faith-lack of role models undermines the self confidence of women entrepreneurs. The activity of selling is considered abhorrent to the female gender. 4. Lack of right public/ private institutions: Most public and private incentives are misused and do not reach the woman unless s he is backed by a man. Also many trade associations like ministries, chambers of commerce do not cater to women expecting women’s organizations to do the necessary thing. The government must evolve appropriate policies to help women entrepreneurs. Networking facilities must be provided as well as adequate entrepreneurship awareness training should be provided using the help of local NGOs. Credit facilities must be made available and marketing help must be provided. All these will help foster a culture of entrepreneurship among women in India.

Choosing Appropriate Quantitative Research Design

Choosing Appropriate Quantitative Research Design Quantitative research is designed to provide quantitative (numerical) data that answers questions related to trends, attitudes, opinions, or the impact of treatment on a population. Before quantitative research begins, it is necessary to identify the purpose of the study, the population to be studied, the variables involved in the study, and the type of data that would be most useful as an end product. After identifying these components, researchers can next hone in on the design of the research, the design of the research collection tool, sampling procedures, the survey or measurement instrument, data collection methods, and data analyses methods (data organization, data interpretation, scaling, etc.) and issues (validity, reliability, threats to validity, etc.).The research is based on theory or hypotheses and is usually tests for the impact of an intervention on a population. The impact of an intervention or treatment may be measured using traditional experimental methods and proc esses or by survey methods. Survey methods include personal interviews, telephone interviews, mailed questionnaires, group administered questionnaires, or dropped-off household surveys (Trochim, 2006). Though the process is presented in simple terms in this paper, the actual design process is a very complex set of decisions related to the methodologies and procedures of quantitative research. This paper seeks to outline the strengths and limitations of the most widely used research design models to determine the appropriate research design for quantitatively researching the use of technology web 2.0 innovations to determine its effect on learning and test performance in the elementary classroom. The quantitative study of the social science is especially challenging because of the fact that the independent variables cannot be manipulated and that the research must often be performed in real time in a natural setting. The research is characterized by the manipulation of a variable but extreme care must be taken not to harm the study participants in any way throughout the study. Research is usually centered around the determination of a property-disposition relationship (attitude-focused) or a stimulus-response relationship (behaviorally-focused). Quantitative researchers must determine which type of relationship is best suited for their specific study. The following are critical factors in making this critical determination: Time Interval: the period of time between introduction of the independent variable and the response to the variable Degree of specificity: isolation of the independent variable to determine its effect Nature of comparison groups: comparison of before/after groups or experimental/control groups for statistical analysis Time sequence of events: determining the timeline for the relationship between cause and effect These elements of quantitative research drive the decisions regarding research methodologies and procedures related to choosing an appropriate research design. The following is a brief overview of the research designs used in social sciences. Quantitative Research Design Comparison Experimental Design Experimental design is usually associated with the life and physical sciences where independent variables are easily manipulated. Experimental design compares the results of an experimental group (that receives exposure to an independent variable) with a control group (that does not receive exposure to an independent variable). This design often uses a pretest and posttest measurement to analyze the differences between groups. The advantages of this type of research design for studying social science include the ability of the researchers to introduce and control extrinsic and intrinsic (independent) variables as well as the easy identification of causal inferences that strengthen the validity of the research. Disadvantages of experimental design for social science includes the inability to replicate the experiment in a real-life social setting resulting in weak external validity and the reliance on volunteers or self-selected participants who may not represent the actual population. As a result, generalizability is decreased due to the small sample of participants selected for the study. Cross-Sectional and Quasi-Experimental Designs Cross-sectional design is recognized by its utilization of surveys to determine study participants backgrounds, past experiences, and attitude to determine the relationship between research variables. This type of research is not conducive to experimental design because of the difficulties in manipulating the independent variable during the study. Cross-sectional design relies on statistical analysis to approximate the relationship between variables and may not produce accurate causal inferences. Internal validity is weak as a result. Quasi-experimental design is identified by random selection of study participants without the requirement of random selection of participants to a comparison group, study of more than one population sample, and studies conducted over time. It is difficult to disaggregate the data produced by this type of study since the population sample will consist of a mixture of subjects with various traits and characteristics. Causal inferences are difficult to determine with this design. Performing the study over time and the analysis of data by (similar) categoric or contrasted (different) groups are strategies used to increase the validity of this design for social science research. Planned variation design, panels, time-series designs, and control-series designs are alternative quasi-experimental social science research designs that attempt to increase internal and external validity by controlling stimuli introduction, research methods, cause-and-effect identification, and causal inference determination respectively. Combined designs employ two or more of the designs mentioned above in effort to assess the causal effects of variables using a multi-method, multi-design approach to studying social science. The advantages offered by these designs include increased internal and external validity as a result of the ability to perform research in real-life, natural settings with a representative population. Since there is no assignment of participants to treatment or comparison groups, researchers are able to perform studies that could be considered unethical or impossible using traditional experimental designs. The disadvantages associated with these designs include difficulty determining causal inferences (due to a wide variety of differences inherent in the study population) and the inability of researchers to manipulate the independent variable. Pre-Experimental Design Pre-experimental design is appropriate when no other design is able to study a population due to limitations in time, population, or a specified event. If there is a single event that occurs at a specified time for a specified group of people, there is only one opportunity to study the impact of a treatment. For this reason, pre-experimental design is considered to be the weakest type of research design with a high risk of causal inference error. There is usually not an assignment of subjects to an experimental or control group and this design usually does not include a comparison group. A one-shot case study is often used with this type of design and does not offer high validity due to the limited ability to generalize study results to a wider population. An advantage of this design includes allowing researchers the ability to scientifically show that more research is needed to explore a particular hypothesis. Weak internal and external validity and the inability to make causal infe rences are considered to be disadvantages for this research design. Determining Which Design is Most Appropriate My research problem studies the relationship between the use of web 2.0 innovative technologies (such as Skype, Second Life, etc.) and depth of research, test performance, and self- motivated learning for grade 3 through 8 students. Important factors that are necessary to consider are the identification of the independent variable, identification of dependent variables, availability of a control or contrast group, ethical implications of this study, and availability of the study (treatment) population. The independent variable in the study is the use of web 2.0 technologies for research. Dependent variables are research depth, test performance, and student self-motivation to learn. The grade 3 through 8 students for the control group and experimental group are available at my current place of employment. Since the treatment involves using technology to learn, there is no presumed risk or ethical issue since using technology is an ordinary part of the students day of learning. The tre atment of using technology for communication over the Internet is a manipulation of the use of technology in the classroom. Special care will be taken to ensure that students adhere to Internet safety rules during communication sessions. Experimental design is the most appropriate research design for this study for the following reasons: Availability and randomization of control and experimental groups Variables can be easily manipulated Pre-test and post-test measurements are possible Causal inferences will be easily identified Johnson and Christensen (2007) state that quantitative research is appropriate for describing what is seen and generating new hypotheses and theories. Since the measurements of the dependent variables reflect behavioral rather than cognitive outcomes, the tools used to measure the study outcomes will not include surveys but rather observational logs. This further supports the use of the experimental design for this study. Other Considerations Other research designs are not considered appropriate and are detailed for the following reasons. Cross-sectional design is not appropriate for this study because surveys are not necessary to determine the participants backgrounds, past experiences, or attitudes. Also, since the independent variable can be manipulated, statistical analysis will not be necessary to approximate causal inferences. Quasi-experimental design should not be employed since the assignment of participants to a control or comparison group is possible and there is no need for an extended period of time for this study. Also, there is no need to systematically introduce stimuli, use panels, or take measurements over a number of time periods. Data is not expected to change for individuals due to history, maturation, or test-retest effects. Furthermore, there are no ethical considerations present in the experimental design for the study. Lastly, the pre-experimental design is not appropriate for this study since thi s is not an event-based or time-sensitive study.

Define and discuss the traditional role of a narrator Within a Blood Es

Define and discuss the traditional role of a narrator Within a Blood Brothers. Compare the role of the narrator in the Play Blood Brothers and consider how you Would present the narrator to an audience if you were the director. Blood Brothers Essay Define and discuss the traditional role of a narrator. Within a Blood Brothers. Compare the role of the narrator in the Play Blood Brothers and consider how you. Would present the narrator to an audience if you were the director. The dictionary definition of narrate – VT (a story) to tell, relate; to give an account of; (film, TV) to provide a spoken commentary for narration n – narrator n... The tradition of narration came from the Greek chorus. Their were thirteen people in the chorus; all singing and dancing. The chorus which served as the narrator, asked probing questions, and also gave great advice to the heroes. If there was any violence it was merely narrated. The purpose of the narrator is to fill in the audience and let them know what is going on. Narration is one of the most important components of a story. The characters, plot, setting, and theme are also significant; however the narrator sets the mood and also the pace of the story. In Blood Brothers the narrator plays a variety of roles for example sometimes he is at a higher status than them and also is sometimes very negative. The original Greek narrator was in a chorus which consisted of thirteen people, in the play blood brothers the narrator also sang with the characters. They usually stayed as part of the chorus or on the side of the stage. They knew everything about the characters sometimes they could see into the future like in blood brothers the narrator was preparing the audience for what was going to come next in act 4 Scene 1. They usually spoke the beginning and end of the play he narrated the beginning of the play to set the scene and at the end he was the last one to speak before they both died. In act 1 scene 1 the narrator is a storyteller. He also sounds, very negative in what he is saying as he says ‘ Brother parted from brother’ ‘Wrenched apart’ ‘A stone in the place of a heart’ which is negative she gave him away because she didn’t think she would be able to cope and also because of money as well as her other seven children. I feel that the narrator is being very hars... ...lk around so he would be in with the cast to show the equality in status at times. He would have a deep voice as many people see god as having a deep voice and as he is controlling the families and is a higher status and people see god to be in the sky. My narrator would appear at the beginning and at the end of the play he would also appear to sing with the characters he would also be standing on the balcony at the side when he would be controlling the families I would also want him to interact with the characters so I would also having him walking around in between the characters when they are frozen and he is explaining to the audience what is happening. For the body language if I was showing the bad sign off him I would make him stand in one place at a higher status staring down at the characters but if he’s in a good mood I want him walking around interacting with the characters. I would also give him a strong accent and he would also talk loud as that’s how many people see god. Conclusion The understanding of the narrator has helped me to analyse this dramatic technique by setting the scene and also explaining to the audience what is going on.

E. E. Cummings :: essays research papers fc

The Poetry of E. E. Cummings E. E. Cummings, who was born in 1894 and died in 1962, wrote many poems with unconventional punctuation and capitalization, and unusual line, word, and even letter placements - namely, ideograms. Cummings' most difficult form of prose is probably the ideogram; it is extremely terse and it combines both visual and auditory elements. There may be sounds or characters on the page that cannot be verbalized or cannot convey the same message if pronounced and not read. Four of Cummings' poems - l(a, mortals), !blac, and swi( - illustrate the ideogram form quite well. Cummings utilizes unique syntax in these poems in order to convey messages visually as well as verbally. Although one may think of l(a as a poem of sadness and loneliness, Cummings probably did not intend that. This poem is about individuality - oneness (Kid 200-1). The theme of oneness can be derived from the numerous inezces and forms of the number '1' throughout the poem. First, 'l(a' contains both the number 1 and the singular indefinite article, 'a'; the second line contains the French singular definite article, 'le'; 'll' on the fifth line represents two ones; 'one' on the 7th line spells the number out; the 8th line, 'l', isolates the number; and 'iness', the last line, can mean "the state of being I" - that is, individuality - or "oneness", deriving the "one" from the lowercase roman numeral 'i' (200). Cummings could have simplified this poem drastically ("a leaf falls:/loneliness"), and still conveyed the same verbal message, but he has altered the normal syntax in order that each line should show a 'one' and highlight the theme of oneness. In fact, the whole poem is shaped like a '1' (200). The shape of the poem can also be seen as the path of a falling leaf; the poem drifts down, flipping and altering pairs of letters like a falling leaf gliding, back and forth, down to the ground. The beginning 'l(a' changes to 'le', and 'af' flips to 'fa'. 'll' indicates a quick drop of the leaf, which has slowed by a longer line, 'one'. Finally, the leaf falls into the pile of fallen leaves on the ground, represented by 'iness'. Cummings has written this poem so perfectly that every part of it conveys the message of oneness and individuality (200). In mortals), Cummings vitalizes a trapeze act on paper.

Herman Millers strategy Essay

Is there evidence it has produced a competitive advantage and good financial performance Explain Herman Millers has produce competitive advantages and good financial performance by performing key pieces of activities as their strategies components as follows PRIMARY ACTIVITIES Supply Chain Management and Operation Having agreements with qualified suppliers to deliver parts to Herman Miller production facilities in a just-in-time process. The company outsources component parts to suppliers in order to reduce the fix production cost. Herman Miller uses lean manufacturing techniques to gain efficiencies, cost savings, lower inventories, higher inventory turnover, greater on-time shipments, higher quality, and better safety performance. To speed up delivery time to its customer, Herman Miller mainly used the different manufacturing location operations in many countries. the company uses cross-functional product development teams to facilitate internal innovation, integrate activities acr oss departments, increase the speed of new product development, enhance the commercialization of new products, and provide strategic flexibility. It engages in supply partnerships, outsourcing component production with strategic suppliers to limit fixed production costs, increase profitability, and enable the company to retain control over production processes that have the greatest potential to yield competitive advantages. Sales Marketing and Customer Service All productions are made of recyclable materials and renewable energy. For the builders who used its production will earn points of Leadership in Energy and Environmental Design certification. Herman Miller has followed product development and market development strategies with clear emphasis on differentiating its product. It operates in the upper end office furniture market in over 100 countries, although only 10 of its profits were from non-North American countries. The efforts of its Accessories Team could be classified as related diversification. Herman Miller uses green marketing and cooperative advertising initiatives to attract customers Provide complete explana tions and description of the products, to support customer inquiries or complaints. SUPPORT ACTIVITIES RD Product RD, Technology and Systems Development Herman Miller focus on improving and innovating new productions, even during the recession, the company still invested in RD. (Thrive Collection Products) Human Resources Management the company have a  strong HR Management team and it offers various benefits to it employee. Competitive Advantage – Herman Miller continuously investing in RD and innovating in new products to satisfy the need of its customers earned the customer brand loyalty. In addition, the company willingness to contribute in the green world and environmental friendly strategy gained a good reputation in the market. As the company new product lines meet the increasing demand of ergonomic health products in the working environment, the new innovation product will become a competitive advantage over its rivals. Human Resources Management Described as a continuous strategy of reinvention and renewal, Herman Millers is a differentiation strategy based on product innovation. It depends on contributions made by individual employees the companys original design philosophy an organizational structure based on work teams, caucuses, and cou ncils and exceptional HR policies The company continues to invest in research and development, even when survival from economic conditions is uncertain. (The income statement analysis above records a .3 percentage of sales increase in RD in each of the past two years.) Strategy Herman Millers The companys culture is built on an empowered workforce and human resource practices that acknowledge the special talents and potential of all individuals, utilize committee-oriented collaboration to generate improvement ideas, encourage risk-taking, and exemplify shared sacrifice. Herman Millers codified values serve to unite employees, build productive relationships, and advocate employee-driven community contributions. Its Business as Unusual philosophy expands performance beyond the confines of measurable capabilities. 2. How have the companys values shaped its strategy and approach to strategy execution Provide illustrations of how these values are reflected in company policies. HMI companys value Curiosity Exploration respecting and encouraging risk and practicing forgiveness. People cant explore new ideas if never make a mistake. Learn from all the mistakes. Engagement being owner, actively committed to the life of this community Performance perform at the highest level possible to enriches lives as employees, delights customers and create real value for shareholder Inclusiveness include all the expressions of human talent and potential that society offers. HMI value that every person should have the chance to realize his/her potential and finally understanding all the qualities. Design the way something looks and the way  something works a method for getting something done. Foundations unique foundation shaped by stories, people and experiences in HMs past A Better World contribute to a better world by pursuing sustainability and environmental wisdom. Transparency letting people see how decisions are made and owning the decisions. Strategy and its execution Curiosity Exploration, Performance and Design value can be seen in HMI differentiated strategy as overall that pursued a path distinctively marked by reinvention and renewal. HUMAN RESOURCE MANAGEMENT Living office is one of strategy execution that based on many HMI value like curiosity exploration, engagement, performance, inclusiveness and design. This living office designed to foster camaraderie, connection, spontaneous interaction and group expression, that essential to attrac t, nurture, enable, and retain the talent to drive innovation and execution Forming a Team, as work unit at HMI shows curiosity exploration value that all levels were encouraged to put new idea and inclusiveness value that the team member are cross-functional and based on employees ability to contribute to that team. Scanlon Plan, as a productivity incentive program, showing principles of equity and justice for everyone in the company which is reflecting inclusiveness value. Employee Gifts Committee the Environmental Quality Action Team that involves all employee and Environmental Quality Action Team whose purpose was to coordinate environmental programs worldwide and involve as many employees as possible is an example that HMI strategy that contain inclusiveness and A Better World value. Value about create A Better World, make company executes strategy by set goals for the number of company volunteer hours and by forming Environmental Affairs Team based on curiosity and exploration value so the company can make improvements both at environmentally friendly and cost effectiveness. SALES MARKETING In sales and marketing area, mostly HMI strategies are based on Design, Performance and A Better World value. HMI winning award in design through Ergon, Equa Aeron chair design and use Green Marketing to sell its product. They using recyclable materials and renewable energy. HMI also engaged in cooperative advertising with strategic partner. SUPPLY CHAIN MANAGEMENT OPERATION HMPS (Herman Miller Production System) strove to maintain efficiencies and cost savings through just-in-time process and limit fixed production cost by outsourcing component parts from strategic suppliers. Learn from their subsidiary  Integrated Metals Technology that costly, take a long time, and just 70 in quality (reflecting Foundations value) , HMI enlisting help and ideas of every one and hire supplier like Toyota Supplier Support Center based on inclusiveness and performance value. FINANCE AND RD Curiosity and exploration value, as two of HM greatest strength which has large effect towards financial strategic and execution especially on RD implementation. Although their financial performance in downturn, HM invester in RD as a investment called Purple Several Policy that reflecting HM values BOD requires each director will have an equity interest after one year on the board and within 5 years the board encouraged the board the directors to have shares of common stock of the company with a value of at least three times the amount af the annual retainer paid to each director and Business as Usual policy that appeared to pay off in both and good times ( HM engagement and inclusive ness value in ESOP program Policy that any transaction between the company and any executive officer or director of the company must be disclosed to the BOD shows transparency and engagement value. 4. Until 2003, HMI offered lifelong employment. How did this practice affect the companys ability to staff the organization with managers and employees capable of executing the strategy How did this practice build the organizational capabilities required for successful strategy execution For the company can hope to perform the activities required for succesful strategy execution with attracting and retaining talented managers and employess with suitable skill and intellectual capital. In HMI using this has long traditional value from De Pree its founder to treating all workers as individual and special talents. To make a practice build the organizational capabilities is using the three types building actions, such as Staffing the organization Building dynamic capabilities and core competencies Structuring the organization and work effort HMI seemed to be doing an excellent job of attracting talented managers and employees, building organizational capabilities, linking rewards to strateg ic goals, creating a strategy-supportive culture, and creating a culture supportive of strategy execution. Despite these efforts, the company was forced to lay off 38 of the workforce and reduce pay by 10 for managers and employees. 5. Do non-monetary incentives facilitate strategy execution at HMI Explain. Perks at Herman Miller not only wonderful for their employees but also  surprisingly these benefits help Herman Miller attract a talented workforce and it has also helped the firm retain those talents as well. In example, the tuition reimbursement helped build the employees capabilities. The concierge and on-site services allowed employees to focus on work without unneeded distractions. Flexible schedule, including job sharing, compressed workweek and employee assistance programs help to create a work athmosphere in which there is genuine sincerity caring and mutual respect among workers and between management and employee. It also the employee to find their suitable working time, their best capability and their be These perks are Health insurance, vision care prescription plans Flex ible schedule, including job sharing, compressed workweek and telecommuting Short-term long-term disability insurance Life insurance accidental death insurance Long-term care insurance Gym memberships and Employee assistance programs. 100 tuition reimbursement Concierge services (e.g. dry cleaning, greeting cards take-home meals) and On-site services (e.g. massage therapy, banking, and personal trainers). 6. Describe the culture at HMI. Would you characterize HMIs culture as healthy and largely supportive of good strategy execution Explain. HMI Culture was treated by De Pree, HMI President in 1919. In this HMI Culture, all workers treated as individuals with special talents and potential. This commitment become HMs Corporate culture generate respect for all employees and fueled the guest to tap the diversity of gifts and skills held by all. This culture can lead company in managing their resources capabilities and evaluate their internal situation. Based on the understanding of internal situation, HMI can improve ther performed value chain activities and has Companys competitively important resources. This resources capabilies is a part of HMI strength that supports companys strategies and strategies execution. With this kind of culture, HMI has core competencies in that are competitively valuable and rare, hard to copy, and non susbstitutable like their human capital/talents, Besides that, HMI also has sustainability culture which create efficiency and friendly environment. This is a good culture because it can assist HM to be able to adapt with external changes and contribute to communities. 7. What recommendations would you make to Herman Millers CEO Brian Walker to improve the companys current financial performance Does the company need to radically alter its strategy because of poor economic conditions Should it improve its approach  to implementing the strategy to reduce costs and improve efficiency Explain. The Recommendations to HMI is Management has Termination of lifelong employment in 2003 and the accompanying 38 reduction of the workforce through the pay cuts and reduced work week in 2009, it is hard to fault the companys responses to the economic downturn. And in the case, We should concerned in the times interest earned ratio, because in the case the change of ratio were as follows in 2006 until 2010 there are change 8.7 the times of ratio. We should change of budgeting in RD, because HMI need more saving of Cash, not only for RD. Until t he condition of economic and internal of HMI stable, we must make saving. For the expansion to the market, we must push sales to get a increase in revenue in Global Market.