Analysis of Eli Lilly case study

Analysis of Eli Lilly case study Review the history in recent years of Lilly that is presented in the case: what mistakes did Lilly make in its product development efforts?Advertising We will write a custom case study sample on Analysis of Eli Lilly case study specifically for you for only $16.05 $11/page Learn More Eli Lilly pharmaceutical company had been well known for the manufacture of insulin related products needed in the treatment of diabetes. The company had managed to establish very firm foundation in North America, Canada as well as other well developed economies (Christensen, 2004). As a matter of fact, Eli Lilly was one of the global market leaders in the production of insulin. Its major competitor was Novo Nordisk, a German based pharmaceutical firm. However, the two market rivals merged and formed one big firm. For a considerable period of time, Eli Lilly had enjoyed impressive revenue amounting to over $5 billion. In any case, the second largest generator of revenue at Eli L illy was insulin. The company started experiencing expedited growth in its manufacturing portfolio when it was awarded an exclusive license to manufacture and market insulin products in the wider North America. Although this was an early development, it greatly gave the company an impetus for growth bearing in mind that it came at a time when demand for insulin in the entire American continent was high due to increased obesity (Christensen, 2004). There were myriad of mistakes that the management at Eli Lilly Co. made in their path towards product development. It is imperative to note that all the subsequent improvements that were done on insulin especially after 1923 brought about tremendous results. However, the company failed to prioritize its development agenda. It is indisputable that the pharmaceutical company was faced with a major management challenge throughout its operations. For instance, one of the vivid mistakes that Eli Lilly committed was to invest enormous amount of money when innovating in one product only (Insulin). This was executed without a proper audit of the cost benefit analysis. In other words, the company proceeded with an extremely fast pace of innovation which jeopardized its operations in later years due to loss of billions of dollars. For example, the pens and Match insulin that were launched almost on all major markets across the world was done within a very short time. In addition, the test data technology as well as operating CDS centers proved to be an extra and unnecessarily financial burden to the company. It is imperative to mention that the CDS centers were not used to retail insulin products for Eli Lilly Company. These centers were meant for providing education to the population. As a result, there were no direct returns on this multi-million investment. The company also failed or completely ignored to work on its supply chain management as well as product line rationalization.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Why were those mistakes made in your opinion? Explain what you mean. In my opinion, Eli Lilly failed to draft its own developmental plan and the various phases through which innovation would take place. While we may appreciate the fact that the company made some considerable gains in its development record in manufacturing and marketing insulin products, it is worth noting that it reached at a point when cash outflows in terms of innovative investment went far above the revenue generated. In addition, the company should have introduced insulin products into the market bit by bit only after assessing the competitiveness and demand of the products. In most of its innovative moves, Eli Lilly did not proceed with caution. The company disregarded the potential of other market players. In addition, it did not carry out any investment appraisal or prior surveys before expandin g to overseas markets. As you analyze what lessons Lilly needs to have learned from its past experiences, apply those lessons to the innovation projects on Mr. Larry Ellingson’s current agenda at the time of the case. Is the Company pursuing the right diabetes related opportunities in light of what you perceive matters to most customers? Specify which of the possible projects he should emphasize and why. (Note that as always, there are various different segments of customers, some more important to growth than others). There are several lessons that Eli Lilly ought to have learnt from its past management loopholes. To begin with, it is worth noting that the main management problem at the company was largely a function of how innovation was approached over the years. In the case of Eli Lilly, it was necessary for the company to develop a statistical study source that would capture the internal innovative strategy of the firm as well as analyze the economic features of both the products being sold and innovative response of the market. For instance, the Portable Blood Glucose Meters did not respond well to some markets due to the prime price of the product. Additionally, the market dynamics led to low or reduced sales due to high competition from other market rivals. There were some companies like Boehringer Mannheim that were selling their insulin with free samples attached to the gadget. Mr. Larry Ellingson’s current agenda on innovation may not be addressing the needs of all segments of customers. The management of the company should emphasize on developing more user-friendly insulin gadgets and which are also cost effective. The CDS centers should be operated minimally or eliminated altogether. Mr. Larry Ellingson ought to embark on thorough Research and Development (RD) especially in foreign markets in order to establish the various needs of consumer segments available in the market before eventually rolling out new products.Advertising We will write a custom case study sample on Analysis of Eli Lilly case study specifically for you for only $16.05 $11/page Learn More What about Humulin – what should the Company do with this product on which it has spent so much money with such poor results, why did it do this, what should it do now should it market it more widely to doctors (advertising was largely still forbidden at this time), market it differently, or discontinue it? The fact Humulin has been assimilated into the market as well as cost the company enormous sum of money implies one important consideration. It should be promoted in the market using the most viable avenues of advertisements. Market promotion should be accompanied by price reduction of the product so that all segments of consumers are reached out. It is most likely that the prime price of Humulin was a major marketing setback for the product. In addition, marketing of Humulin should also target professionals in healthcar e such as doctors. Is Eli Lilly Co. talking to the right persons or groups to determine what product features or advancements would be most appreciated by the â€Å"diabetes related market?† Explain your answer, do not just answer yes or no. It is highly likely that Eli Lilly Co has failed to contract the right persons or professional to carry out market survey before embarking on selling newly innovated products. This has been evident from the fact that a product such as Humulin did not yield positive outcome in the market. Research and Development (RD) is indeed necessary as part and parcel of successful innovative end. What other steps should Ellingson and/or his bosses do to ensure the success of Eli Lilly’s efforts to grow and expand its diabetes related market? The following are some of the steps that should be taken to ensure growth of diabetes related market: exercise strategic human resource management, conduct cost-benefit analysis, create a distinction bet ween process of innovation viability of individual product in the market as well as understand the various modes of innovation that can be successfully employed in international and domestic companies (Jolly, 2003).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More What should we learn from this sad case? The main lesson that can be learnt from this case analysis is that the process of innovative development in an organization should be executed with caution and proper planning (Jolly, 2003). References Christensen, M.C. (2004). Eli Lilly and Company: Innovation in Diabetes Care. Harvard Business School. 697(77): 71-86. Jolly, A. (2003). Innovation: harnessing creativity for business growth. London, UK: Kogan Page.

Dos and Donts for Parent-Teacher Conferences

Dos and Donts for Parent-Teacher Conferences Parent-Teacher Conferences, handled correctly, are an opportunity to form a cooperative team for the coming school year. You will need each students parents on your side in order to have the maximum positive impact on learning. Follow these guidelines and youll be on the right track: Dos Give parents plenty of notice. Remember that parents have busy lives and challenging work schedules. The more notice you give them, the more likely they will be able to attend the Parent-Teacher Conference.Start and end the Parent-Teacher Conference on a positive note. Remember that parents are often nervous, too. Set them at ease by starting off with your positive observations of their child. After youve explained some areas of improvement, finish the conference off with more things the parents can feel good about. This goes a long way toward creating a positive working relationship with them.Be organized. Fill out a pre-conference form for each student, complete with space for your notes and follow-up issues. The conference may be your first impression on the parents, and your organization will inspire confidence in your abilities to help their child this year.Listen actively. When the parents speak, concentrate and really hear what they are trying to communicate to you. You may ev en want to take notes. When parents feel heard, you are setting up a cooperative relationship for the coming school year. Have samples of student work to back up your points. When discussing specific learning goals for the student, show the parents what you observed in the classwork that shows a need for improvement. On the flip side, you can also show samples of work well done, so they can see how much the students are learning with you.Give the parents homework. Think of 2-3 customized tasks that the parents can do at home to help their child learn this school year. It may not always happen as you hope, but its worth a shot. Offer worksheets, websites, and tools to support their efforts.Call in the principal for touchy situations. Sometimes teachers need to call for backup. If a specific set of parents have already shown some hostility towards you, a trusted administrator can act as a facilitator who has everyones best interests at heart. Moreover, the principal can act as a witness for you, if the tone of the conference starts to sour. Donts Dont stray from the topic at hand. Its easy for conversations to wander off into fun topics, such as shared interests. But remember why you are having this conference in the first place and keep the meeting on track.Dont Get Emotional. Stay professional and objective as you describe the behavior youve observed from a particular child. If you stay rational and calm, the parents likely will, as well.Dont run late. Once the Parent-Teacher Conference schedule is set, do everything possible to keep things running in a timely manner. Parents have busy lives and have dropped everything to meet with you at the appointed time. Respecting their time will make a great impression.Dont have a messy classroom. We all know that classrooms can get messy during the busy course of a school day. But spend some time straightening up your room, especially your desk, in order to make the best possible impression.Dont overwhelm the parents with too many at-home tasks. Choose 2-3 doable ways that the parent s can support learning at home. Be specific and offer them the tools they will need to help their child.

Economics and Business of the Asia-Pacific Region and Emerging Markets Essay

Economics and Business of the Asia-Pacific Region and Emerging Markets - Essay Example As the paper highlights the measurement of Gross Domestic Product (GDP) is principally viewed to be one of the decisive parameters in determining the economy of a nation. In this regard, it is observed that the economy of China has developed significantly during the post Mao period in terms of GDP. This has been more prominent after the economic liberation witnessed by the nation in the 1990s. Further development in the economy of the nation occurred during 21st century, wherein the rate of GDP is mostly found to be in double-digits. The GDP rate of China in post Mao period can be better understood from the below depicted graphical representation.This discussion stresses that  there are certain nations in Asia that have grown extensively during the same period. These nations include Japan, South Korea and India among others. It is important to note that Japan and South Korea are the nations that have shown constant growth in GDP rates during the post Mao period. Moreover, it is wor th mentioning that China has also grown extensively after liberation and more prominently in the 21st century. However, these countries i.e. South Korea and Japan could not grow in higher rates as compared to China. One of the prime reasons for China to experience higher GDP is the liberation in the economy. The open economy in the region has led to the creation of equal and fair opportunities to the traders.

E-Commerce Issues Essay Example | Topics and Well Written Essays - 1000 words

E-Commerce Issues - Essay Example The payment is usually done through credit cards. Once the person has entered all the information he or she just have to wait for the delivery of the products at their home. The biggest issue that arises here is the security of the information transmitted we will discuss about it later. A poll conducted by CNN during Christmas season resulted in 62 percent of the respondents saying they prefer to shop online in this season. Hence by using E-Commerce not only you save money but you can buy products 24 hours a day, 7 days-a-week, without experiencing traffic jams, crowded markets, and carrying heavy bags of shopping. Apart from this organization can increase their profits by introducing E-Commerce as their business runs 24 hours a day. Our organization follows the simple E-Commerce method of using a website, but not only for buying products also for after sale services and complaints about any defected product. We also welcome any suggestions by our customers to improve the way we do business. The organization has its own website that has a multiple range of products as mentioned in the online catalog, the prices are updated every day in order to keep our customers informed. We follow a delivery procedure that has no charges meaning we offer a free delivery for the citizens of the country where the company is operating. Hence we have made different websites for different countries. If a person orders his or her product from the country's website than he gets a free delivery. The ranges of products that the organization is offering are different in different countries and regions. We have a direct interaction with our customers meaning that every customer is contacted through his email for informing him about promo tions and different offers or sales that are being held by the organization, the organization also offers a loyalty card after 200 purchases that enables a customer to get discount on purchases. The organization also does business with other organizations doing E-Commerce. E-Commerce in our organization takes care of automatic collecting of data by these systems, funds transfer by electronic means, electronic-marketing, processing of transactions online, EDI (Electronic Data Interchange), inventory management by automation, and management of supply chain. Security After discussing so much about E-Commerce and its advantages and how our organization follows it, E-Commerce seems to be an easy subject but there are complications as well. The biggest issue that E-Commerce is experiencing during this time is the security issue. When customers are buying online they give the websites personal information that is private and confidential hence it's the organization's duty to protect it. To make sure that the information transmitted is secure certain steps have to be taken. E-Commerce is said to be prone to internet crime, which to an extent is quite true hacking credit card numbers has become a menace to E-Commerce and sometimes people only discourage to buy online because of this. Making sure that E-Commerce is secure physically and from hackers, its important to identify the following: The role of a security policy in e-commerce. Approaches to security risk assessment in e-commerce. Physical security options. The features of dynamic firewalls. The risks involved in

Andy Warhol and His work on the Contemporary Art Essay Example for Free

Andy Warhol and His work on the Contemporary Art Essay Andy Warhol (1928-1987) of Pittsburgh, Pennsylvania, less commonly known as Andrew Warhola, was a central figure in the pop art category. He is an American artist who reigned around the world as a painter, author, avant-garde filmmaker and as a public personage for his connection to many people of different fields of work and status. Warhol studied in Carnegie Institute of Technology (now known as the Carnegie Mellon University) to hone his artistry (www. artgallery. com, 2008). Warhol unify his works through the Keatonesque style which is aritistically and personally affectless. In his work s a Pop artist, conceptual aspects were always there as a key factor. His art was known for its irony, in most of its sense. Campbell’s soup cans was probably his most famous work. The mundane images he made were turned to the so-called ironic art through enlargement, hand-painting or silk-screening. He always mentioned that the idea of his work is always at the surface of his work, obvious, apparent. Other attributes of his work were slight color changes using ink spots (www. pbs. org, 2007). His work reveals contemporary art in such a way it concerns some human desires that never ceases to revolve around. He even made his film where he was an international celebrity and a pop artist. His experiences with many people brought him the ideas of what is contemporary, and made sure that no traces of the artists can be recognized from his artwork.

Radio Frequency Identification (RFID) Essay examples -- Information Te

RFID stands for Radio Frequency Identification. RFID is the use of a wireless non-contact system that uses radio-frequency electromagnetic fields to transfer data from a tag attached to an object (Wikipedia.com, 2012). RFID is a type of identification system devices that stored data, identification or location of the products. The RFID tag can be put onto an object and used to track and manage inventory, assets, people, etc. For example, it can be put into cars, computer equipment, books, mobile phones, etc. RFID can be used in a variety of applications such as access the management when there is need to access the office. They need to put their identification card that has their details to make sure they pass the security check. It is more to make sure that only authorized people can enter the premises. The tracking of good can also been done with RFID when the company wants to shipping their product somewhere far away and there are tags on the delivery of goods that enable them to track them whenever the goods being taken to. RFID can also track persons and animals as there are tags that can be put into their bodies or accessories. The police often used them to track bad people or when doing the undercover to protect the officer on duty. Tool collection is the often things that you can see closely related to RFID that we people used in our daily life. The â€Å"Touch n Go† is the perfect example of RFID. RFID is also being used in the machine readable travel documents, which is the machine that reads the passport to confirm the identity of the person before they been given permission to go in and out from one country to another. In airport, RFID is also being used in the baggage tracking logistics where each one of the baggage... ...nline] available from (20 April 2012) Thesmartsense.com (2011) VingCard’s ‘Signature RFID’ [online] available from (20 April 2012) Citeseerx.ist.psu.edu (2005) David Molnar, David Wagner - A Scalable, Delegatable Pseudonym Protocol Enabling Owner Transfer of RFID Tags [online] available from (22 April 2012) Autoidlabs.org (2007) Konidala, Divyan, Kim & Kwangjo - RFID Reader Mutual Authentication Scheme Utilizing Tags [online] available from (22 April 2012) Itlaw.wikia.com (2012) Guidelines for Securing Radio Frequency Identification (RFID) Systems [online] available from (22 April 2012) Radio Frequency Identification (RFID) Essay examples -- Information Te RFID stands for Radio Frequency Identification. RFID is the use of a wireless non-contact system that uses radio-frequency electromagnetic fields to transfer data from a tag attached to an object (Wikipedia.com, 2012). RFID is a type of identification system devices that stored data, identification or location of the products. The RFID tag can be put onto an object and used to track and manage inventory, assets, people, etc. For example, it can be put into cars, computer equipment, books, mobile phones, etc. RFID can be used in a variety of applications such as access the management when there is need to access the office. They need to put their identification card that has their details to make sure they pass the security check. It is more to make sure that only authorized people can enter the premises. The tracking of good can also been done with RFID when the company wants to shipping their product somewhere far away and there are tags on the delivery of goods that enable them to track them whenever the goods being taken to. RFID can also track persons and animals as there are tags that can be put into their bodies or accessories. The police often used them to track bad people or when doing the undercover to protect the officer on duty. Tool collection is the often things that you can see closely related to RFID that we people used in our daily life. The â€Å"Touch n Go† is the perfect example of RFID. RFID is also being used in the machine readable travel documents, which is the machine that reads the passport to confirm the identity of the person before they been given permission to go in and out from one country to another. In airport, RFID is also being used in the baggage tracking logistics where each one of the baggage... ...nline] available from (20 April 2012) Thesmartsense.com (2011) VingCard’s ‘Signature RFID’ [online] available from (20 April 2012) Citeseerx.ist.psu.edu (2005) David Molnar, David Wagner - A Scalable, Delegatable Pseudonym Protocol Enabling Owner Transfer of RFID Tags [online] available from (22 April 2012) Autoidlabs.org (2007) Konidala, Divyan, Kim & Kwangjo - RFID Reader Mutual Authentication Scheme Utilizing Tags [online] available from (22 April 2012) Itlaw.wikia.com (2012) Guidelines for Securing Radio Frequency Identification (RFID) Systems [online] available from (22 April 2012)

Persuasive Essay on Curfews Essay

Students under the age of seventeen have a curfew of 10 pm Sunday through Thursday and 12 am on Friday and Saturday. The curfew ensures that all students should have no business in a public place or out on the streets late at night. There are obviously some valid reasons why this is enforced and I am completely in favor of this decision. Many dangerous kinds of people come out late at night to see if they can get kids into some kind of trouble. Kids get kidnapped, raped and killed out in the open because its dark and nobody can see it happening. Illegal drug deals happen at night, again, because nobody can tell that they’re happening, and who’s out that late anyway? These times are decent and keep kids out of trouble in the dark. What teen-favorite restaurants are open after curfew time? Not any. The only restaurants and public places that are open after 10pm/12am are very few fast food restaurants and bars. Teens 17 and under aren’t allowed in bars so where would you go that late? There is absolutely no reason why any teen or child would be out late without a parent and/or guardian. Nothing is worse than one extremely worried parent. Personally, if I don’t answer a call or answer a text within 5 minutes of receiving it, they already think I’m doing something wrong. Especially if it’s after the city curfew. Most parents (much like mine) worry dearly for their teenager. At night who knows what runs through a parents mind when their child is having fun with friends. They might think their kids are out doing drugs, having sex(possibility of being on 16&Pregnant), speeding down streets, breaking into stores, sneaking into bars, getting drunk, etc. Although most of us aren’t, they think the worst of us. For the sake of a reassured parent, the curfew is a good thing. In conclusion, the 10 pm weekday, 12 am weekend curfew is a very good choice for the city. Coming from a teenager, whose been yelled at and grounded for being home past curfew, it’s a good thing. Common sense, closing times, the crazy people we have in this world, and our crazy parents are all very obvious reasons why this curfew is good, and should very well be enforced.

Virtual teams

Any team whose members are not all physically under the same roof can be considered to be virtual, as long as the participants have complementary skills and knowledge that produce greater value when they work together than if they worked separately. A virtual team can be local, national, or global, with members from one firm or many. Teams can be made up of full-time, in-house practitioners or full- or part-time contractors.They are enabled by technology, which allows members to work from anywhere in the world with phone, Internet, and wireless access as long as hey produce work that meets the firm's and the client's standards of quality, and the client's deadlines. Social changes in the workforce are leading more and more employees to demand more and more control over how, when, and where they work. The result, which is gaining increasing traction, is a rise in lifestyle-driven virtual teams. 2417? Running to Gate 9? Who needs them.Especially when forward-looking employers can accom modate the needs and wants of talented, ambitious employees by creating lifestyle-driven virtual teams. This author describes how professional services firms hat can make this approach work will make them employers of choice. In recent years, professional services firms have watched as more and more senior talent, especially women with children, have left their employ. Many of these valued practitioners are not Jumping to other companies or starting up competing agencies.Rather, they are walking away from their careers (and in many cases high salaries) because their employers are unwilling or unable to provide them with the flexibility they need to balance their work and family lives. The decision is rarely an easy one, nd many women would have welcomed the opportunity to remain in the workforce if truly flexible options had been available. To stem the exodus, keep top talent, and remain competitive, professional services today must meet an imperative: They must create new arrangeme nts to accommodate talented practitioners who need more choice when it comes to how, when, and where they work.They must consider ways to ensure that working parents (especially women) do not have to work long hours or travel extensively, but instead have the flexibility they need to raise a family or care for aging parents. And with Canada expected to experience a labor shortage that could begin affecting employers as soon as 2020, having these new work arrangements in place will become increasingly essential to the delivery of high- quality professional services. This article will examine how adopting a virtual-team model can help organizations attract and retain that top talent.The article will first define virtual teams and explain why they are on the rise. It will then outline the various benefits of virtual teams (for both employers and employees) and look at some of their unique challenges. Finally, the article will outline best practices for esigning and implementing new wor k arrangements. VIRTUAL TEAMS DEFINED VIRTUAL TEAMS ARE ON THE RISE The popularity of virtual teams is being driven by social change. Women now constitute nearly one-half of the North American workforce, and in nearly one-half of households, all adults are working.As well, more working adults are pursuing educational opportunities to advance their careers; they therefore need the flexibility that a virtual arrangement provides. [l] When I was in the process of building my PR agency in 2008, I witnessed this social change first-hand and realized many senior omen were caught in an unnecessary and intractable dilemma: how to pursue a fulfilling and meaningful career while meeting the demands of their personal and family lives. I spoke with dozens of senior women in the industry who were torn between the need to put in long, billable hours at their offices and the need to tend to matters at home.Some told me that they sacrificed family time by hiring nannies and placing their children i n daycare. Others made career-limiting moves such as working four days a week or turning down promotions that would mean longer hours. And some of them left the workforce entirely or switched to less demanding careers because they were unable to balance their work and personal lives. Many women also told me they wanted to avoid lengthy, stressful commutes because of the time they took away from time spent their families.They talked about scrambling for childcare when a child was home sick from school or they had to work later than expected, and described missing important school functions and other milestones in their children's lives. Some also said they were frustrated by the traditional approach o â€Å"flex-time,† whereby practitioners work four out of five days, at a reduced annual salary. With this approach, five days' worth of work is often completed in four, which can actually add to workplace stress rather than reduce it.Talent is everything in professional services, and successful firms know that flexible work arrangements make them more attractive to a wider range of professionals. Recent studies have shown that flexibility is a growing trend. A 2011 U. S. study showed that the number of employees who principally work from home grew by 61 per cent between 2005 and 2009. 2] Two years earlier, Aon Consultings Benefits and Talent Survey reported that 97 per cent of organizations either planned to increase or maintain their use of virtual teams. 3] AN EMERGING APPROACH: LIFESTYLE-DRIVEN VIRTUAL TEAMS Once considered a way for companies to reduce overhead, the popularity of virtual teams is now being increasingly driven by employee demand. This is especially true in professional services firms, where both full-time practitioners and part-time associates or consultants are becoming more vocal about their desire to have approach to flexible workplace arrangements – a lifestyle-driven one that rewards esults over face time, so practitioners ca n maximize the time they devote to their personal lives.These lifestyle-driven virtual teams may not be a realistic option for all industries, or even all professional services firms, for example, those consulting firms that require staff to travel or be on site to meet with clients. However, the model can work for most professional services firms because much of their work is knowledge- based and often performed by individuals. As a result, it can easily be transferred to a home office with the right planning, processes and project management in place.When implementing this model, firms must also remove the focus on billable hours, and instead focus on the number of hours each associate wants to work – while planning project resources and compensation accordingly. This differs from the traditional model in which each practitioner must focus on billable-hour targets. For practitioners, there is some risk involved in using the virtual model, as they are not guaranteed a regula r pay cheque. Experience has shown, however, that some part- time practitioners who are compensated hourly actually earn more than they did as alaried employees, even while working significantly fewer hours.This is particularly true of practitioners whose quality work and outstanding client service make them an obvious choice for recurring account management roles and back-to-back projects. VIRTUAL TEAMS BENEFIT EMPLOYERS AND EMPLOYEES EQUALLY In a 2010 study, 80 per cent of respondents said they were part of a team based in various locations, while 63 per cent indicated that nearly half their team members were located outside their home country. 4] Supported by technology, practitioners are able to be as efficient and engaged as they have ever been while keeping far reater control over their work schedules and environments. The traditional billable- hour-driven agency model often requires practitioners to work 60 or more hours a week. However, the lifestyle-driven virtual model per mits practitioners to be selective about their hours and often their projects, naturally making for a happier, more satisfied, and less-stressed practitioner.A company that can offer this kind of flexibility will find itself with better options when it comes to hiring and retaining talent, especially individuals with specialized knowledge and skills. This arrangement, hich encourages true balance, will also create more well-rounded employees who will bring their varied experience to projects and who will be motivated to remain in the workforce. Many practitioners will also find the benefits of this model Just as important as incentives such as paid vacation time, health benefits, and pension contributions.Indeed, it is hard to put a price on this type of flexibility. With the ability to bring on skilled team members when needed, professional services firms are better able to handle peak workloads, project work, and short-term assignments. For any particular project, they can hand-pi ck key team members from their roster of talent, regardless of where the individual is based. This means they can usually offer clients their â€Å"A team,† not whoever happens to be available.With infrastructure in place for teleconferences and other online collaboration, travel and other overhead expenses are reduced, if not eliminated. Margins improve accordingly and, most important, firms are able to offer a more family-friendly structure that attracts top talent who want to add balance to their working lives and still have a fulfilling and erformance is crucial to securing future projects. As a result, everyone is motivated to do their best and to collaborate effectively with other team members to produce quality work and results.ATTRACTING AND RETAINING A MULTIGENERATIONAL WORKFORCE For many practitioners, particularly those who embrace the philosophy that â€Å"work is something you do, not somewhere you go,† the increase in virtual teams is a welcome developmen t. This applies to the future workforce, too. A recent study by Dr. Alison Konrad[5] of the Richard Ivey School of Business found that undergraduate business tudents in her class (most of them women in their early 20s) yearn for a meaningful career that allows them to contribute to business and society while maintaining balance in their lives.In the study, students were asked what an employer could do to make their chosen career more attractive. The most frequent responses were flexible hours, the ability to work from home, no face time, and a family-friendly culture. Surprisingly, these are many of the same characteristics sought out not only by working parents but also by people nearing retirement and wanting to slow down heir schedules. Professor Konrad's study shows that employers who most closely meet the lifestyle demands of a multigenerational workforce are in the best position to attract and retain the most desirable talent.Executives must fully support the virtual structure and be aware of the potential challenges of managing a virtual team. They should consistently monitor the team's progress to ensure deadlines are being met and budgets are on track. 2. Choose the right team members. Individuals should be selected with a view to forming a successful team. Not all practitioners will thrive in a virtual environment. Those who are self-reliant and self-motivated will fare best. 3. Set expectations from the start. Articulate objectives and define team member roles up front to avoid the possibility f overlooking or duplicating aspects of the work.This is especially important given the geographical distance between members of a virtual team. 4. Implement strict protocols. Establishing protocols will ensure that each team member knows when and how quickly to respond to action items, and will determine the steps to take when a team member fails to do so. Team meetings should be run by a strong chair. People should be prompted to give their opinions as oppos ed to volunteering them. Digressions should be discouraged as they tend to disengage other team members. Multitasking during meetings should be prohibited. . Use proven processes.Teams need processes that govern the way they work and how the work will get done, from being aware of individual responsibilities and decision-making procedures to the consequences of poor work or missed deadlines. Virtual teams have little margin for error when it comes to project management, as problems can go unnoticed and grow into major issues. 6. Manage timelines and budgets carefully. Often a project budget will dictate the number of hours that can be charged to a client. Because freelance practitioners are paid according to the time they take, budgets can easily e exceeded if not properly monitored. . Establish meaningful project milestones. Milestones should be implemented to chart a project's progress and act as checkpoints for the timeliness and quality of virtual team work. 8. Encourage interac tion. Leadership must ensure that team members have some mechanism by which to develop strong working relationships. They should also bring team members together by organizing social functions every few months to help them build rapport. 9. Communicate more efficiently. Virtual teams can be connected by various technologies, including phone, email, instant messaging, as well as video and eb conferencing.Use more than one of these options so team members can choose the technology theyre most comfortable with. In addition, more communications do not necessarily mean better communication. Too many emails can lead to convey only relevant information, and to do so clearly and consistently. 10. Minimize team conflict. Although conflict can lead to better ideas and solutions, conflicts within a virtual team should be dealt with immediately, because they can escalate quickly. Virtual teams do not build rapport as easily as other teams, and managers may have to become more involved in confli ct resolution.

Ernest Hemmingway Essays (2992 words) - Ernest Hemingway

Ernest Hemmingway Essays (2992 words) - Ernest Hemingway Ernest Hemmingway Ernest Miller Hemingway was born on July 21, 1899, in Oak Park, Illinois. His father was the owner of a prosperous real estate business. His father, Dr. Hemingway, imparted to Ernest the importance of appearances, especially in public. Dr. Hemingway invented surgical forceps for which he would not accept money. He believed that one should not profit from something important for the good of mankind. Ernest's father, a man of high ideals, was very strict and censored the books he allowed his children to read. He forbad Ernest's sister from studying ballet for it was coeducational, and dancing together led to "hell and damnation". Grace Hall Hemingway, Ernest's mother, considered herself pure and proper. She was a dreamer who was upset at anything which disturbed her perception of the world as beautiful. She hated dirty diapers, upset stomachs, and cleaning house; they were not fit for a lady. She taught her children to always act with decorum. She adored the singing of the birds and the smell of flowers. Her children were expected to behave properly and to please her, always. Mrs. Hemingway treated Ernest, when he was a small boy, as if he were a female baby doll and she dressed him accordingly. This arrangement was alright until Ernest got to the age when he wanted to be a "gun-toting Pawnee Bill". He began, at that time, to pull away from his mother, and never forgave her for his humiliation. The town of Oak Park, where Ernest grew up, was very old fashioned and quite religious. The townspeople forbad the word "virgin" from appearing in school books, and the word "breast" was questioned, though it appeared in the Bible. Ernest loved to fish, canoe and explore the woods. When he couldn't get outside, he escaped to his room and read books. He loved to tell stories to his classmates, often insisting that a friend listen to one of his stories. In spite of his mother's desire, he played on the football team at Oak Park High School. As a student, Ernest was a perfectionist about his grammar and studied English with a fervor. He contributed articles to the weekly school newspaper. It seems that the principal did not approve of Ernest's writings and he complained, often, about the content of Ernest's articles. Ernest was clear about his writing; he wanted people to "see and feel" and he wanted to enjoy himself while writing. Ernest loved having fun. If nothing was happening, mischievous Ernest made something happen. He would sometimes use forbidden words just to create a ruckus. Ernest, though wild and crazy, was a warm, caring individual. He loved the sea, mountains and the stars and hated anyone who he saw as a phoney. During World War I, Ernest, rejected from service because of a bad left eye, was an ambulance driver, in Italy, for the Red Cross. Very much like the hero of A Farewell to Arms, Ernest is shot in his knee and recuperates in a hospital, tended by a caring nurse named Agnes. Like Frederick Henry, in the book, he fell in love with the nurse and was given a medal for his heroism. Ernest returned home after the war, rejected by the nurse with whom he fell in love. He would party late into the night and invite, to his house, people his parents disapproved of. Ernest's mother rejected him and he felt that he had to move from home. He moved in with a friend living in Chicago and he wrote articles for The Toronto Star. In Chicago he met and then married Hadley Richardson. She believed that he should spend all his time in writing, and bought him a typewriter for his birthday. They decided that the best place for a writer to live was Paris, where he could devote himself to his writing. He said, at the time, that the most difficult thing to write about was being a man. They could not live on income from his stories and so Ernest, again, wrote for The Toronto Star. Ernest took Hadley to Italy to show her where he had been during the war. He was devastated, everything had changed, everything was

Taking the LSAT Under Special Circumstances

Taking the LSAT Under Special Circumstances Taking the LSAT is a huge step in your quest for a career in the litigation world. In fact, its necessary for almost every law school application out there! So, what if you need to take the LSAT under special circumstances? Perhaps you cannot test on the Sabbath, and need to register for the test on another date. Is that possible? Or, perhaps you simply cannot afford the LSAT fees. What can you do about it? Below, youll find some information about taking the LSAT under these very special circumstances, and the steps needed to complete your registration if you fall under one of these categories. Sabbath Observers If you happen to observe the Sabbath on Saturdays, and thus, cannot take an exam on that date, then what are your options if youre trying to get into law school? LSAC (Law School Admission Council) has already make arrangements for you. If you check the LSAT test dates, youll see that the test is offered another day of the week every time its given on a Saturday. Typically, those days are Mondays. You can register as a Saturday Sabbath Observer (instructions online), but a hold will be placed on your account until LSAC receives a letter from your rabbi or minister on official stationery that explains your religious affiliation. Lets say your rabbi isnt the timeliest of sorts. Youll have to be persistent in your request, then! All letters must be received by the late registration deadline for your test date, or you will not be able to test on that date. Sure, youll get your cash back, but you may miss the application deadline for your school of choice. Better ask early! Letters will be kept on file for you, so you wont have to ask for a new one if you decide to push your LSAT test back to another date or want to retest. And for the record, if you are taking the LSAT on a Sabbath Observers test date, you will not be able to take the test on a regularly scheduled test date (on a Saturday) in the future. If you register for a Saturday test date, LSAC will automatically bump your testing date to the Sabbath Observers testing date.   Need your rabbi to send in a letter for you? Heres the address and fax number where he or she can send the document: Address:  Ã‚  Ã‚     Ã‚  Ã‚   LSAC Test Administration   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   PO BOX 2000-T   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Newtown PA 18940 Fax:  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   215.968.1277 Fee Waivers Not everyone is made of money, am I right? Yes, I am. It can get very pricey when you break down the cost of the LSAT. From registration fees to the Credit Assembly Service (CAS), which is LSACs service that summarizes your undergrad work and combines documents with LSAT score and writing sample to create a report to send to law schools, your LSAT experience can get very expensive. The good news is that if you qualify, you can get some of your fees waived. The following are included in a LSAT fee waiver, which will be good for two years from the date of conditional approval by LSAC: Two LSATs (test dates must fall within the two-year waiver period)One registration for LSACs Credential Assembly Service (CAS), which includes the Letter of Recommendation Service, the LSAC Evaluation Service, and access to electronic applications for all LSAC-member law schools;Four law school reports included with the Credential Assembly Service, available only after final approval of an LSAC fee waiver;One copy of the Official LSAT SuperPrep ®. Not included? Things like test date changes, late registration, hand scoring, paper copies, etc. So, how do you know if you qualify? LSAC keeps it simple: if you absolutely cannot afford to pay for the exam, then you qualify. And theyll know because when you submit your application (at least six weeks prior to your registration deadline), youll need to provide tax forms and other financial materials so they can review your case. If youd like to request a fee waiver prior to taking the LSAT, there are three ways to go about it: Online: Requesting a fee waiver through the online application is the fastest, most convenient method. Youll need to either have an existing LSAC.org account or be willing to create one. If you dont want to fill out the information online, you can download an application and mail it in. By Phone: U.S. or Canadian citizens can request a fee waiver packet by calling 215.968.1001 six weeks before the registration deadline.   In Person: Go to your nearest law school admission office or prelaw advisor at least six weeks prior to the registration deadline to request a fee waiver packet.

Intangible assets valuation methodologies Assignment

Intangible assets valuation methodologies - Assignment Example Cost based valuation approach is to measure the future benefit from the ownership of the tangible asset. The valuation of intangible assets is affected by the cost of substitute intangible asset. The cost based valuation approach also includes the new reproduction cost of the asset after deducting the tax. The cost approach measures the total cost of the duplicate intangible asset of same functionality in current prices. Functionality of the intangible asset is the performance of the job for which it was introduced. According to the cost based valuation approach of intangible assets include direct cost, indirect cost, the developer’s profit of the intangible asset and opportunity cost. The direct and indirect cost of intangible assets are easily identified and quantified while developer’s profit is comparatively difficult as it can be calculated through different procedures. All the four types of costs including direct, indirect, developer’s profit and opportunity cost are included in the valuation of intangible asset through cost based approach. The valuation should also include the physical deterioration, functional and economic obsolesce. The depreciation on the intangible asset is subtracted from the current value. Market based valuation approach is the perception of the economic value of the intangible asset. This valuation approach is based on supply and demand and market efficiency. The value of an intangible asset can valued from the sale or transfer of the asset with same features in the same market. This approach is more suitable for active assets so that several examples can be found for the valuation of the asset. Market based valuation is more logical, practical and applicable on intangible assets. The most reliable fair value is the quoted market price of the intangible asset in the active market. The first step in valuation through market approach is collection of data from