The Strategy of MAERSK Line Free Essay Example, 1750 words

Maersk s pursuit to successfully use concept outlined in the insight to identify the demographic segmentation, in which, the strategic management team will provide the organization correct protocols to implement. Some of the designed protocols that Maersk strategies applied is the methodology for achieving identifies and managing the current shipping trends. The targeted demographic is to divide the market into segments of customers and serving them directly with specific needs (Johnson and Zawawi 2000). In doing so, the innovations for structuring the organization will provide a stronger foundation towards reaching success in the shipping industry. The benefits provide the customer base the superior product or service due to a more defined innovation of Maersk s organizational structure. Over 100,000 customers globally More than 325 offices in 125 countries 22,000 employees worldwide Maersk container shipping and related activities generated total revenue of over USD 28 billion and a total net profit of USD 205 million in 2008. More than 470 operated vessels A container fleet of more than 1.9 million container units An important element of our strategy is to keep up with technology To stay ahead of the competition and to secure flexible, reliable and yet cost-effective operations For example, we have used electronic email systems globally for more than 25 years Today, more than four out of five of our bookings are done electronically Evaluation of strategic capabilities of Maersk and how it competes in the shipping industryThe streamline strategy was announced in December 2007, in which the application of improving competencies proved beneficial (Maersk 20100.We will write a custom essay sample on The Strategy of MAERSK Line or any topic specifically for you Only $17.96 $11.86/pageorder now The following is an analysis that highlights the core strategic conclusions: Crucial to delivering on the parameters that are decisive factors for our customers Reduce complexity and make processes more simple for the customers and ourselves Positive effects of separating Maersk Line, Maersk Logistics, and other container business activities in order for each company to focus on its core competencies Ensure satisfactory financial results these changes had to be carried out with immediate effect

Alcohol is a very popular drink for those that are of...

Alcohol is a very popular drink for those that are of legal drinking age. The legal drinking age in the United States is currently 21. Sadly, many teens that are not of legal drinking age consume alcohol while being under age. They believe that they are old enough to handle its effects, and that it is the cool thing to do. The legal drinking age should not be lowered because many teens cannot handle the effects of alcohol or the responsibility that come with the consumption of alcohol. It could harm them mentally, emotionally, physically, or possibly get them killed because of bad decision making. Alcohol is a drug; drugs are not good for anyone, no matter the age. Teens are simply not able to handle the effects of alcohol, and†¦show more content†¦Frequent drinking can cause damage to anyone, not just in teens, which cannot be fixed in the long run. The behavioral effects of alcohol can causes teens to have an increased risk of social altercations. Which include dep ression, suicidal thoughts, and even acts of violence toward their peers? Teenage drinking can take a toll on someone’s life, by physically damaging their own body and harming others around them. Alcohol has a very strong influence on an individual’s decision making skill and how they interoperate their surroundings. When drinking many teens thinks it is okay to get in the car and drive. They are very wrong. The majority of drunken driving accidents in the United States come from the age group 16-24. A Recent study showed that twenty-eight percent of 15-20-year-old that was involved in car crashes was under the influence of alcohol, making car crashes the number one cause of death for teens in the United States. In the year 2005, 7420 teens or were badly injured in alcohol related crashes (Driving para 1, 4). A total of eight teens die every day due to driving under the influence. Lowering the drinking age could very easily raise these numbers at an alarming rat e. The effects of alcohol can be brutal to an individual that is not properly developed and ready for them. Unless you are of legal drinking age, 21 years old, you should not be drinking at all. Lowering that age would do much more harm than good. Many more peopleShow MoreRelatedEssay about Keeping the Drinking Age at 211662 Words   |  7 PagesWhen it comes to the subject of drinking and teenagers, what is the first thing that comes to mind? To me its the legal age limit of when teens should be able to drink. Having it lowered is controversial because according to prior experiences, data shows that younger age drinking is well known for its fatalities. According to Mothers Against Drunk Driving (MADD), on one of the most popular prom nights in 1999, as many as 62 percent of the traffic deaths were alcohol-related (). The most importantRead More Club Owners Must Not Allow Underage Drinking969 Words   |  4 PagesProhibiting nightclubs from admitting people under age twent y-one will take some weight off of parents, club owners, drivers and innocent bystanders. With the economy sinking, many owners are making what they believe a wise financial decision by allowing eighteen to twenty year olds in their clubs. They are mixing eighteen to twenty in with the twenty-one and up crowd, as failing clubs owners only see more people more money. Every night thousands of young adults eighteen to twenty years old are letRead MoreLowering The Legal Drinking Age903 Words   |  4 Pagesmyself get a better understanding about how others feel about lowering the legal drinking age in the United States and to better understand what role alcohol plays in people’s lives. The first question I asked for in my survey, was what the participant’s age was. I used this question to see if there was a difference on how different generations felt towards lowering the legal drinking age. I was expecting more people over the age of 25 to take the quiz because I didnâ⠂¬â„¢t know if younger adults would takeRead MoreThe Legal Drinking Age Should Be Legal Essay1215 Words   |  5 Pages People drink liquor for various reasons; anxiety, celebration, insomnia etc. Teenagers fall under the category of â€Å"people†. The legal drinking age presently is twenty-one in the United States Of America. I can guarantee you that the underage drinking age rate would drop if the age were brought down. One of the reasons behind drinking is enjoyment but the primary purpose behind underage drinking is â€Å"breaking the law†. The law says an eighteen – year old is mature enough to make his/her lifeRead MoreTeenagers and Alcohol1584 Words   |  6 Pagesdon’t have is to be allowed to drink at the age of eighteen. Before an experienced adult would answer this question of whether or not teens should be allowed to drink, they need to ask themselves – should eighteen-year olds drink? Some people say yes because teenagers ar e responsible for their actions and should be able to have a little more leniency. Others say no, because teenagers are more likely to get into trouble with alcohol use and possible accidents due to drinking and driving. However a personRead MoreLowering Drinking Age Essay1090 Words   |  5 Pagesexperiences range from going to their first party to having their first alcoholic drink, and are sometimes as drastic as trying their first drug. Drinking alcoholic beverages is something that involves a lot of responsibility and can bring a plethora of negative consequences. This is the main reason why the United States has established a legal drinking age that I consider to be relatively high. With the legal drinking age being so high, while intending to avoid harmful situations, brings many repercussionsRead MoreThe Debate Over The Drinking Age1025 Words   |  5 Pageshave always wondered why the drinking age was raised to twenty-one. I have looked and researched the following inform ation but still don’t have a true explanation as to why it was raised to the age of twenty-one. The movement called Amethyst Initiative began recruiting university presidents to provoke national debate about the drinking age. College Presidents from about 100 of the nation’s universities, are calling on law makers to consider lowering the drinking age from twenty-one to eighteen byRead MoreProhibiting Night Clubs1025 Words   |  5 Pages2/25/2013 Essay 1 Under aged Clubbing Prohibiting nightclubs from admitting people under age twenty-one will take some weight off of parents, club owners, drivers and innocent bystanders. With the economy sinking, many owners are making what they believe a wise financial decision by allowing eighteen to twenty year olds in their clubs. They are mixing eighteen to twenty in with the twenty-one and up crowd, as failing clubs’ owners only see more people and more money. Every night thousands of youngRead MoreUnderage Drinking Among Adolescents : Becoming A Problem2554 Words   |  11 PagesUnderage drinking among adolescents is becoming a problem in the nation s youth. The legal drinking age was decided in 1984 for 21 years of age in every state (Wechsler and Nelson 986-992). Although there was a movement proposed to reduce the legal drinking age to 18 in 2008. The movement was proposed from college presidents and universities, which discussed their ideas of the drinking age. Later signing the Amethyst Initiative, leading encouraging debates back and forth trying to lower the legal drinkingRead MoreEssay on Alcohol Advertising1655 Words   |  7 PagesAlcohol Advertising Exposure to alcohol advertising is an everyday occurrence. Alcohol advertising is persuasive not only to adults but to those who are too young to buy alcohol legally. Although parents and peers have a large impact on youth decisions to drink, marketing also has a significant impact by influencing the attitudes of parents and peers and helping to create an environment that promotes underage drinking. Alcohol companies focus billions of dollars on advertising their products

Women, Liberty And The Pursuit Of Happiness Essay

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.† Despite our founding stating that all men are created equal, the course of history has proven otherwise. Throughout the 19th and 20th century, reforms were made, but the lack of equality still remained unresolved. Today the conquest for racial equality and reform still remains a prevalent issue in the United States. Authors like Alexis De Tocqueville, W.E.B DuBois, and Frederick Harris albeit from different time periods believed democratic reforms failed to eliminate the ‘tyranny of the white majority’ and the United States has continued to provide evidence to confirm that belief. For most of the 19th century slavery was established a backbone that kept the southern farming economy stable. Democracy in America documents De Tocqueville’s time in Americ a when there was massive charge by parts of the United States to abolish slavery. Though the reform had brought hope and possibly a new chance at equality for all, De Tocqueville had a very pessimistic view on the possible reform. De Tocqueville pessimistic views stemmed from an almost toxic relationship held between the relationship between white and black men. De Tocqueville believes even if slavery were to be abolished that the relationship between whites and blacks would still remain strained as white men wouldShow MoreRelatedHistory1408 Words   |  6 Pagespromises that defy this great nation that we have the rights of â€Å"Life, Liberty and the pursuit of Happiness† (Jefferson 36). 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Equality of men and women is extremely important even in American society in recent times. It is the reason that Dr. Martin Luther King, Jr. gave his life to make sure that African-Americans would have the very same rights as any other American citizen. â€Å"We hold these truths to be self-evident: that all men and women are created equal† (DeclarationRead MoreUnited States Political Culture754 Words   |  4 Pageswhere â€Å"Big Brother† is watching you at all times. The political culture of the Untied States, thankfully, is a much more democratic and freeing environment. â€Å"Life, liberty, and the pursuit of happiness...† is what we live by, not â€Å"Freedom is slavery.† The political culture of the United States is made up of two main concepts: liberty and equality. These will be discussed in this paper. 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As a consequence of the formation of the country and its promises, several diverse groups had flocked to the new world to enjoy new lives of prosperity, success, and

Organizing Public Good Provision Lessons From Managerial Accounting

Question: Discuss about the Organizing Public Good Provision for Lessons From Managerial Accounting? Answer: Introduction For a small business, the amount of profit is determined by the proper utilization of variable cost and absorption cost (Weygandt et al. 2015). An organization must understand the implication of each costing method that can be utilized in the organization. Each of the methods of costing, whether absorption or variable, is valid under the principle of Generally Accepted Accounting Principle (GAAP). In this assignment, variation involving absorption costing and variable costing will be presented, and an organization will be selected for analyzing the best costing method. Difference between absorption costing and variable costing All types of costs that an organization is bearing falls under absorption cost, which are fixed costs and cost of production. On the other hand, according to Needles Crosson, (2013), the types of variable costs that are related to organizations production fall under the variable costing. Certain companies that use variable costing keep the fixed costs and overhead costs separate from the cost of production. The types of fixed costs that distinguish abortion costing and variable costing are related to overhead expenses (Islam Hu, 2012). These costs include building rental and salaries that do not change with the level of production. An organization has to pay the utility bills and office rent every month was not considering whether it produces a thousand products or not a single product. The ideal pricing is not considered perfectly by variable costing as variable costing does not consider all the types of costing that an organization has to bear, and thus profitability is not achieved (Kwak et al. 2015). On the other hand, variable costing helps an organization to find out which product will deliver more profit while manufacturing than the other will. Absorption costing helps an organization to comply with the generally accepted accounting principles (GAAP). Absorption costing helps an organization to calculate and file its taxes. Absorption costing helps an organization to account for its net profitability specifically when the organization sells different products in a different accounting period (Khalil Simon, 2014). Through absorption costing, an organization does not get into account of the amount of profit that it will achieve for different product lines. Using Absorption Costing and Variable Costing An organization selected for this analysis is Bullard Company, which is the producer of clock radios. This organization uses Just-in-time method for production and thus it has a never-ending amount of inventory. The costing process is differentiated into three months. Month 1: Quantity of units produced equally with quantity of unit sold From the figure, it is identified that while the quantity of produced units is equal to the quantity of sold units, then the total profit is $90,000, which can be identical by both of the costing methods. With the help of absorption costing, fixed mechanized operating cost are entirely expensed as all the units that are created are sold (there is no ending inventory). On the other hand, with variable costing, fixed mechanized operating cost are treated to be the phase costs and so are constantly disbursed in the phase occurred. Just for the reason that all the costs are treated as the same without taking into account of the costing method utilized, profit is identical. Month 2: Quantity of units produced is greater than the quantity of unit sold In this month, absorption costing shows the higher profit. A fraction of fixed manufacturing overhead costs is found to be retained in the ending inventory, which is considered as the asset in the balance sheet, until the goods are sold. On the other hand, considering variable costing, the fixed manufacturing overhead costs is expensed in spite of a number of sales. Thus, when the quantity of unit production exceeds the quantity of sales, then the variable costing shows lower cost and higher income. The dissimilarity in amount of revenue by the two method = $ 4,000 [$ 79,000 - $ 75,000] Month 3: Quantity of units produced is lesser than the quantity of unit sold Using variable costing, $ 40,000 for fixed manufacturing overhead costs persists to be disbursed, as all the 10,000 units that are created are sold. For an additional 1000 units, $4,000 are pulled from the inventory in the third month is also expensed. Thus, it can be identified that when less amount of units are produced, then, absorption costing results in lower profit and higher cost. The difference amounting to profit in between two methods = $ 4,000. [$105,000 - $ 101,000] Method of costing to be used For the particular organization explained above, Absorption costing as to be utilized. With the help of such costing, the organization will be able to keep the right account of income in the balance sheet as soon as the inventory is required to be replenished. The absorption will help the organization when to sell its manufactured products at the time of accounting period (Brady Burrows, 2013). Each of the products in the inventory has the fixed overhead value, and the manufacturer assigns a per-unit price of each of the fixed expense. The organization will be able to show the amount of expense until the items in the inventory are sold or processed out. This costing method will help in improving the amount of profit in the organization. The organization will be able to keep a current record of its profits regarding the amount of inventory that is involved. The organization is using the just-in-time method and thus the amount of inventory is to be recorded from time to time and accor ding to the amount of inventory, the revenue generated will be kept as a record in the balance sheet and thus, cash flow will be controlled (Arruada Hansen, 2015). Conclusion From the above discussion, it can be identified that both absorption and variable costing is required for an organization. Still, it has to be considered that absorption costing will affect in the profit figures, as the costing process will artificially inflate the profit. This is because, for the organization considered above, the manufacturer will not deduct the total amounts of fixed overhead costs, if the manufactured products are not sold. This will hamper in the profit and loss statement, as it will not denote the total amount of expenses that the manufacturer had in one particular phase. Reference List Arruada, B., Hansen, S. (2015). Organizing public good provision: Lessons from Managerial Accounting.International Review of Law and Economics,42, 185-191. Brady, T., Burrows, R. (2013). An Instructional Case For Courses In Financial Accounting, Auditing, Managerial Accounting, Ethics, And Fraud Examination.Journal of Business Case Studies (JBCS),9(4), 337-342. Islam, J., Hu, H. (2012). A review of literature on contingency theory in managerial accounting.African journal of business management,6(15), 5159. Khalil, M., Simon, J. (2014). Efficient contracting, earnings smoothing and managerial accounting discretion.Journal of Applied Accounting Research,15(1), 100-123. Kwak, W., Shi, Y., Lee, C. F., Lee, H. (2015). Group Decision-Making Tools for Managerial Accounting and Finance Applications. InHandbook of Financial Econometrics and Statistics(pp. 791-840). Springer New York. Needles, B., Crosson, S. (2013).Managerial accounting. Cengage Learning. Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2015).Financial Managerial Accounting. John Wiley Sons.