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Small Business Consulting
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Small Business Consulting
According to T.F Schopflocher in the book “How to be a turnaround expert saving troubled companies,” each developing business that is either well managed or poorly established is likely to experience financial seasons, which at times become the biggest challenge to them. In chapter one of the book, the author states clearly that for a company to change its ways of operation to more productive and favorable terms, it has to undergo specific steps which define the turnaround process (Harker, Bishnu, 234). In this paper, the research will be based on a study concerning a manufacturing company. The turnaround process will be used to evaluate its usefulness in solving some of the business challenges.
In our case, this company was experiencing continuous losses and slowly losing most of its regular customers. Earlier, the firm was facing management challenges where most top officials were always conflicting with each other, even in the presence of customers (Finkin, Eugene, 56). Such behavior made many customers switch to other companies, a problem that affected the financial sector and the production or the manufacturing sector. Concerning Schopflocher in turnaround expert saving, the first step of solving business challenges is identifying the ProblemProblem.
The factory became disorganized, where several notices from the control board were brought to them, ordering the company to improve its status in a period not more than six months or else they would be forced to close the firm (Slone, Reuben, 122). As they received several warnings, the firm was experiencing poor management as every official seemed to conflict with each other. Mismanagement led to excess stock where FG and WIP stocks had accumulated for over six months. The stock was rarely counted, and cash forecasting weakened as the sales had fallen badly. The company could not answer complaints from customers concerning late delivery; hence this ignorance led to the loss of more customers. Later on, after thorough research on how to turn around the firm, the management used a simple illustration to the investors and workers how they could still get back on track.
In relation to the book, chapter two states that three main steps may help a falling company rise back to business as usual (Slone, Reuben, 120). The management is requested to emphasize engaging its workers well, giving them psyche, energy, and motivation. The third step is to bear in mind that production should result in profitability. Thus they should focus on getting more profit.
The solution to the Problem
The solution to this ProblemProblem should be clear by comparing the company’s previous happenings and state to the current. The management should consider when the business was going on well to determine what led them to losses (Zimmerman, Frederick, 110). In our case, we experienced some problems in the management, meaning that a few of the top managers are not qualified enough to be given the task. The stakeholders should decide which managers should be fired so that the rest may work in peace. Sales are connected with all stages of production, meaning that an excellent plan should be put in the production sector so that sales would go up (Finkin, Eugene, 53). The management should draw a strategic plan to be integrated with all other sectors in the firm for a better product. A team overseeing the impact of the changes should be delegated, where they have to check the effectiveness of all plans introduced during the firm’s revival.
The financial system is another crucial sector in all businesses. Therefore, the firm should first ensure that they have a rigid or detailed report at the end of every month, so that summation at the end of the year would be easy for the firm. As a manager, one is expected to be close to the employees to observe their interests and problems too (Zimmerman, Frederick, 107). The management left in the manufacturing firm should be encouraged to stay close to their employees to help return the firm into its original financial state. According to lessons from the book, after making a thorough comparison of costs, the managers should be encouraged to treat the employees as the most valuable objects of success in a firm.
Information technology is now evident in most firms; therefore, the management should develop a well-connected IT system that will help the company in planning, efficiency, processing of data, and its storage, too (Finkin, Eugene, 49). Money forecasting should also be introduced back to the system, where specific targets should be set for the firm to try to sell out its stock faster to pay up for the losses made. Safety is also crucial in reviving businesses. This means that managers should guard WIP together with ASIs and ensure the removal of FLTs is done before the monthly meeting.
Final Results
According to Schopfloper, the results from a well-designed turnaround process should always be encouraging, as the plan ensures all the affected areas are taken care of. After twelve months of using the new means of operation, the firm reduced the breakeven point by a margin of over 40%. The cost of administering the firm also dropped by 30% as the direct labor is also reduced. Generally, the business grew up with a margin of 10% from the previous year after covering up all the losses made in the previous business period.
Work cited
Finkin, Eugene F. “Company turnaround.” Journal of Business Strategy (1985): 46-67
Harker, Michael, and Bishnu Sharma. “Leadership and the company turnaround process.” Leadership & Organization Development Journal (2000): 234
Slone, Reuben E. “Leading a supply chain turnaround.” Harvard Business Review 82.10 (2004): 114-212.
Zimmerman, Frederick M. “Managing a successful turnaround.” Long Range Planning 22.3 (1989): 105-124.
Reflection on Criminology
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Reflection on Criminology
According to Frank Williams, criminology is one of the biggest issues that have always been addressed with seriousness among all the American states. His theory has helped many people get understanding on why several crimes are done, whereby his book has been of great help in revealing all the roots of criminology, the foundations into which crime is started, the culture of crime, all the contemporary perspectives involved in crime, the old version of crime and the modern ways of commiting crime among the United States citizens (Williams, McShane, 2010). His findings have helped many citizens understand how to avoid crime, as his work is mostly used in institutions to impact knowledge on how to avoid getting into crime.
References
Williams III, F. P., & McShane, M. D. (2010). Criminology theory: Selected classic readings. Routledge.
Tactics employed by the agents of FBI secret group to express radical groups
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Tactics employed by the agents of FBI secret group to express radical groups
Illegal wiretaps
Illegal wiretapping involved intentionally making connections or tapping onto phones or telegraph lines by the FBI’S and intentionally reading or attempting to read a message transmitted via telephone or any other type of wire without the permission of all parties
Warrantless Physical Searches
These are searches and seizures conducted without court-issued search warrants. In the United States, warrantless searches are restricted under the Fourth Amendment to the United States Constitution, part of the Bill of Rights, which states that the right of the people to be secure in their persons, houses, papers and effects against unreasonable searches and seizures, shall not be violated. No Warrants shall issue, but upon probable cause supported by oath or affirmation, and particularly describing the place to be searched and the persons or things to be seized.
An array of dirty tricks
The most egregious dirty tricks the FBI attempted followed the creation of a COINTELPRO, A secret counterintelligence program aimed at black nationalists/hate groups beginning in 1967, as American cities burned from Newark to Detroit.
Why is wealth disparity a better measure than income disparity (between whites and the U.S BLACK?)
A demographic lens is more informative than income disparity because income is dynamic and changes from year to year. At the same time, wealth is a more stable approach to measuring racial inequalities. Despite some fluctuations, the large racial and ethnic wealth gaps remain essentially unchanged when looking at black/white families.
Around 2016, the typical white family had about ten times the wealth of the typical black family and about 7.5% of the wealth of Hispanic families. Over time there has been little or no effort to narrow the racial and ethnic wealth gaps.
Who is James Turner, and why is he important for Black Studies as a discipline?
James Turner is the founding Director of the Africana Studies and Research Centre, founded in 1961. He is also a former professor of African and African American Politics and Social Policy at Cornell. In the late 1960s, Black communities began to demand academic programmes and funding for African American studies at universities across the country.
Black students at Cornell University seized and occupied University’s Willard Straight Hall in April 1969 to protest conditions on campus. They demanded the creation of a Black Studies program to make the curriculum more relevant to the interests of African Americans and the country.
The Cornell students had heard gifted young scholar and activist prof. James Turner articulates his vision of education for liberation at a conference at Howard University. They selected Turner to direct and develop the Africana Studies and Research Center at Cornell University in Ithaca, New York.
A nation of law?” documents the state of the murder of Fred Hampton and the Attica prison uprising. Explain why the topic of the document is ironic.
In the late 1960s, Fred Hampton helped lead a coalition of activists, working across racial lines against a corrupt city government that threatened their communities. At the core of their work were social programs, including free breakfasts, health clinics and legal aid. Hampton named the group Rainbow coalition. And because of its impacts, it was not long before its members got the attention of the police and the FBI. What followed were an assassination and a cover-up. The topic is ironic since he was murdered for matters contrary to the government’s wishful thinking, which means they were contrary to the Nation of law.
Prof .Hunter’s lecture, the sociology of Urban Black America, discusses three key reasons (push factors) for the great migration of African Americans from the rural South to the urban North. What are these reasons?
Unsatisfactory Economic Opportunities
These factors were exacerbated by the limitations of sharecropping, farm failures and crop damage from the boll weevil, and ongoing racial oppression in the form of Jim Crow Laws. Pull factors included encouraging reports of good wages and living conditions that spread by word of mouth and appeared in African American newspapers. With advertisements for housing and employment and firsthand stories of newfound success in the North, which became the Great Migration’s leading promoters?
Harsh Segregationist Laws
After the United States abolished slavery, Black Americans continued to be marginalized through enforced segregation and diminished access to facilities, housing, education and opportunities. Segregation is the practice requiring separate housing, education and other services for people of color. Segregation was made several times in 18th and 19th century America as some believed the black and white people were incapable of coexisting.
PART 2
Analysis of the book; “Brother Am Dying”
Edwidge Danticat’s book known as “Brother am Dying” is a narrative or rather a nonfiction story explaining his life as a young boy, how his parents left him to go to work in USA, and all his experiences since the day he stepped out of Haiti. The book which is considered as an autobiography uses different styles such as flashbacks to narrate everything that happened to the author and his family in general. It is a narrative which explains the life and experiences of a black family which spent its life in the environments of United States of America (Albritton, 202).
The author, Edwidge, who happens to be the main character of the book explains his different experiences since he was born up to the time he got a chance to join his parents in the USA. The book begins which an explanation on how the author was unable to see or meet his parents who were located in US due to his Haiti originality (Bennett, 46). According to the book, the author spent over twelve years waiting for his parents who were tirelessly looking for a visa to help their son join them in their new life as immigrants.
The book drew a lot of attention to the administration of USA and several proposals were made regarding the treatment of Black people in the country. In relation to the author, the black race was treated unfairly when it came into matters concerning movement of other races into the country (Bennett, 42). The book also showed how the black race was not considered in their personal rights, whether in the constitution or not.
Works Cited
Albritton, Laura. “Brother, I’m Dying.” (2008): 201-203.
Bennett, Ian Bethel. “Danticat, Edwidge. Brother, I am Dying.” Anthurium A Caribbean Studies Journal 6.1 (2008).
Development and Meaning of Black Power
During the early 1970s, the black activists and other political leaders came up with a slogan which represented their struggle in fighting for African supremacy. The black power movement was launched in order to help the black Americans living in the USA achieve their determination as citizens of America (Joseph, 750). The slogan was mainly introduced to stand for different kind of ideologies which were all set and aimed at improving the self worthiness of Black Americans
Although the slogan and the revolution of Black Power were slow, its focus on pushing Black Capitalism was highly achieved. Business people used the slogan to grow their supremacy over years, actions which led to improvisation of other amenities such as schools and universities for the black (Joseph, 770). Fight for black supremacy also led to unexpected happenings such in the 1968 summer Olympics where the demonstrations were valued and considered.
Several demonstrations by black business people and other black races living in the country led to acknowledgment of the movement, until the time it was recognized as a black revolutionary movement which was helping the black Americans in living peacefully and exercising their political and personal rights just like the white race (Bell, 35). Discrimination and other related misconducts by the administration became minimal after this demonstration, leading to the success of the movement in upgrading the life of blacks in USA.
Works Cited
Joseph, Peniel E. “The Black Power Movement: A state of the field.” Journal of American History 96.3 (2009): 751-776.
Joseph, Peniel E., ed. The black power movement: Rethinking the civil rights-black power era. Taylor & Francis, 2006.
Bell, Joyce M., and Joyce Bell. The Black power movement and American social work. Columbia University Press, 2014.