Friday, January 24, 2020
Summary of Case Analysis: Goodyear Tire and Rubber Company Essay
Summary of Case Analysis: Goodyear Tire and Rubber Company 1.     INTRODUCTION GOODYEAR TIRE AND RUBBER COMPANY      Goodyear Tire and Rubber Company, was founded in 1898 and was the world tire production leader until November 1990 when Groupe Michelin took over after merging with Uniroyal Goodrich Tire Company. Goodyear ¡Ã‚ ¦s principal business is the development, manufacture, distribution, and sale of tires throughout the world. Its tires and tube sales represent 83 % of 1991 corporate sales of $10.9 billion with corporate wide earnings of $96.9 million. It has its owned Goodyear Auto Service Centers and franchised Goodyear Tire Dealers in supporting its distribution and sale of tires in US. Goodyear controls 20 percent of the world ¡Ã‚ ¦s tire manufacturing capacity and 37 percent of US tire-making capacity and sales outside US represent 42 % of company revenues. Table 1  ¡V Worldwide Market Share, 1990 In early 1992, Sears, Roebuck and Company (Sears), owner of Auto Centers proposed to sell Goodyear ¡Ã‚ ¦s popular brand tire, Eagle. This has raised Goodyear ¡Ã‚ ¦s management consideration due to the following facts: (i)     Goodyear brand tires has declined 3.2 % in market share (4.9 million units) for passenger cars between 1987 to 1991; (ii)     2 million worn-out Goodyear tires were replaced with other brands at 850 Sears Auto Centers. 2.     THE ISSUE      The declining of Goodyear market share was believed due to the growth of warehouse membership club and the discount tire retail. See Table 2 and 3 below. In addition to that, about 2 million Goodyear tires were replaced by other brands at Sears Auto Centers in the Replacement Tire Market.      Table 2  ¡V US Market Share of Tire Replacement by Retail Outlet Type of Retail Outlet     1982 (%)     1992 (%) Traditional multibrand independent dealers     44     44 Discount multibrand independent dealers     7     15 Chain stores, department stores     20     14 Tire company stores     10     9 Service stations     11     8 Warehouse clubs     0     6 Others     8     4 Total     100     100      Table 3  ¡V Pie chart of US Market Share of Tire Replacement by Retail Outlet           The Goodyear ¡Ã‚ ¦s management is considering Sears proposal to sell its Goodyear ¡Ã‚ ¦s popular brand i.e. Eagle which basically affect it distribution policy. In summary, the above factors l... ...(b)     Price a.     To offer high incentive in terms of transfer of price to the franchise dealers and standard incentive to Sears Auto Centers. (c)     Advertising and Promotion a.     Strategize the advertising to notify and educate customers of the new and additional channels of Goodyear tire products in the TV and newspaper; (d)     Distribution and Sales a.     To review the existing franchise contracts with the franchise dealers and provide more marketing support to both franchise dealers and Sears. b.     To restrict distribution of tires, ie. Channels (franchise and Sears) will only be able to obtain distribution from authorized distributors and not directly from manufacturer, as this will ensure price stability. 7.     CONCLUSION The recommendation is to proceed with the review of distribution policy in order to allow Sears to sell Goodyear tires and expand the franchise dealers ¡Ã‚ ¦ business to include the on-stop-service centers. This decision will re-gain market share from the warehouse club and discount independent dealers and increase sales of 2 million tires annually as the distribution channels have increase and able to tap loyalty customers of Sears.
Thursday, January 16, 2020
FC Barcelona
FC Barcelona, also known simply as â€Å"Barcelona†and familiarly as â€Å"Barca†, is based in Barcelona, Catalonia, Spain. In this paper, I will talk about three points about it: the history, the achievement, and the finance of FC Barcelona. In the eighteenth century, Hans Gamber and another 10 persons in Barcelona plays a game of one was not for the local people know sports – football. When Gamber on November 29, 1899 on this day created a Barcelona football club, he may be difficult to imagine how much glory and honor of the next brewing. Over more than one hundred years of history, FC Barcelona has grown spectacularly in every area and has progressed into something much greater than a mere sports club, turning Barca’s ‘more than a club’ slogan into a reality. The Barcelona football club is like a flag symbolizes the people's hope – for freedom, has continued to the present, and today, this belief has been maintained at this particular between the club and its supporters. In the 100 years of ups and downs in Barcelona rely on great vitality experienced all sorts of tests are honored to have the tragedy and suffering experienced a golden age of age experienced the victories and unforgettable classic failure, these moments are tempered into a train Barcelona today a well-deserved world-class rich and powerful family. Barcelona's reputation is world class, and it gives all aspects left a deep impression. Indeed, Barcelona at that time was indeed standing on the highest point in Europe, Barcelona is the only Grand Slam tournament for several teams in Europe, one of the club, in addition to Intercontinental, Barcelona honor room displays all possible honor, the spoils of war The most striking is the UEFA Champions League, Barcelona at Wembley made history, winning the highest honor in Europe! In addition to continuing the greatest achievement than the victory is that Barcelona is the only European team never missed the European Cup team, from the various European Cup in 1955 began, they continued to win their spoils of war in Europe – winning trophies, including the four times they won the League Cup in Europe is already a king-class team, and today, those who quietly glittering trophy was placed in display cases in years there is no refining its stand their glory. Of course, the performance of Barcelona in Spain is also as good as with the European theater, 25 King's Cup champion so far behind other Spanish teams. Year 1922 -1957 Cathedral Stadium – scene of a successful era, Cathedral Stadium, in 1922 started to use to witness to our growth during the golden age of Barcelona (1919 -1,929 years). During prime time because of national war (Franco rebellion) suddenly interrupted. But the Cathedral Stadium is such a time has been spent to give Barca brought five league championship. In year 1919 -1929, during the decade was considered a golden time for Barcelona, when the team has Samidier, Al-hole Tara, Zamora, Saginaw, Pierrat, and Sancho technologically superior The players, the club at that time the national downturn has also been recognized as the Catalan Catalan doctrine sign. May 20, 1922, Cathedral Stadium formally completed and put into use. This was a very luxurious stadium can accommodate 30,000 people, and later expanded to 60,000 people. In 1924 the club celebrated the 25th anniversary team when I was a famous painter who Iosep of Valencia. Sege Reers painted a poster for the Barcelona club, membership has increased to 12207 people, and the future looks bright. . 5 years after the 1928-1929 season, Barcelona won a league championship history, following the 1923-24, 1924-25, 1925-26, 1926-27, 1927-28 season, the rule of successive five Catalan Cup as well as the 1924-1925,1925-1926,1927-1928 arranged after the Spanish Cup, the Champions League so that culminated in Barcelona. The last game with Real Sociedad twice a re-match, with Barca goalkeeper Franz heroic magical play, Barca beat rivals to win, and later the poet Rafael. Alberti also write a poem as a tribute. In 2009, Barcelona became the first club in Spain to win the treble consisting of La Liga, Copa del Rey, and the Champions League. That same year, it also became the first football club ever to win six out of six competitions in a single year, thus completing the sextuple, comprising the aforementioned treble and the Spanish Super Cup, UEFA Super Cup and FIFA Club World Cup. In 2010, Forbes evaluated Barcelona's worth to be around â‚ ¬752 million (USD $1,000 million), ranking them fourth after Manchester United, Real Madrid, and Arsenal, based on figures from the 2008–09 season. According to Deloitte, Barcelona had recorded revenue of â‚ ¬366 million in the same period, ranking second to Real Madrid, who generated â‚ ¬401 million in revenue. Along with Real Madrid, Athletic Bilbao, and Osasuna, Barcelona is organised as a registered association. Unlike a limited company, it is not possible to purchase shares in the club, but only membership. The members of Barcelona, called socis, form an assembly of delegates which is the highest governing body of the club. As of 2010 the club has 170,000 socis. An audit by Deloitte in July 010 showed that Barcelona had a net debt of â‚ ¬442 million, currently 58% of net worth as evaluated by Forbes. The new management of Barcelona, which Javier Faus revealed the audit numbers: â€Å"Barcelona’s debt as of today is the biggest in the club’s history. That doesn’t mean anything but that we are not comfortable working with this debt. The current debt is the biggest in the club’s history, e ven greater than in 2003. The losses back in 2002-2003 in Gaspart’s era were the biggest in the club’s history at the time and on top of that the income that Barca has today is much bigger than back in 2002-2003. After explaining all this, I still prefer the club’s current picture. †News had emerged that the club had recorded a loss of â‚ ¬79 million over the course of the year, despite having defended their La Liga title. The balance of Laporta is â‚ ¬11million, and Rosell’s balance is -â‚ ¬77 million, there is a difference of 88 million Euros. And there are some reasons about this problem. First, Joan Gamper Sant Joan Despi land sale – 21. 5 million. Only 1 million has been received so far. This money was not included as income by the auditor. Second, Mediapro TV contract – 16 million were included from a deal with Mediapro where the club will get 4 million until 2013 for TV rights. Only 4 million were included by the auditor. Third, Mediapro legal dispute – There is also a legal dispute with Mediapro where Barca would get 13 million back from them (in case of winning the dispute). The auditor only took 50% into account. Forth, Henry’s last year amortization value – 8. 2 million – This was not included by the auditor since Henry will not complete his last year in Barca. Fifth, Baena’s indemnisation – there is a legal dispute with Espanyol for this player’s transfer which could give Barca 3. 9 millions (if Barca wins the legal dispute) – Not included by the auditor. Sixth, Villa Decans lands – These lands were estimated to have a value of 17 million euros by an appraiser consultant hired by Laporta but the new management got this estimate from an actual certified appraiser who valued the land in 5. 7 millions. Auditor included 50% of the difference between both amounts. Seventh, Sogecable’s contract – there is also a legal dispute against Sogecable for TV rights that could give Barca 25 million euros back. – This was not included since Barca lost the first sitting of this dispute. There is also a big discrepancy regarding FC Barcelona’s total debt (in millions of Euros) between Barcelona AGM (30), Barcelona accounts (202), English media (350), and Rosell’s campaign (489) before the presidency changed. As explained in The Swiss Rambles blog, they are all correct in their account because in definition, debt can be broadly interpreted.
Wednesday, January 8, 2020
My Observation At Oakwood Methodist Preschool - 1693 Words
I conducted my observation at Oakwood Methodist Preschool on May 9, 2016 at 9:30 in the morning and 3:00 in the afternoon. The child I observed was a 16-month old female that I did have previously relations too. I use to work at Oakwood Methodist as an Extended Care Teacher. I use to care for Baby M in the infant room. During the observation there were two teachers, and 7 infants. The room that the observation took place in had many toys such as: balls, bouncers, walkers, rattles, and soft plush books. There was also a play mat where all the toys were, and two rocking chairs in the room. During this observation I focused on 6 different developmental domains. In my paper I am going to discuss perception, motor skills, cognitive ability, communication/language, social skills, and emotions. Perception is how the infant incorporates his/her 5 senses into what they are exploring, and reacting too. During my observation Baby M reacted to sights, sounds, and touching. According to the book haptic perception is â€Å"perception of the properties of an object using touch†(Fogel, 2011. PG 152). Baby M placed the balls and teethers directly in her mouth to get a better idea or perception of what the toy was. Although she is at the age where she knew what each toy was she still explored it using her mouth. Baby M also showed signs of auditory development by listening to what the caregiver was saying to her and responding with positive emotions when told to do something. The second domain
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