Friday, May 22, 2020
Minimum Wage Should Be Paid - 2347 Words
In todays back and forth economy it has become increasingly more difficult for a person to support a family, much less themselves, solely on the income from a minimum wage job. With federal minimum wage sitting just over seven dollars an hour, those tasked with budgeting these kind of meager earnings have begun to question why they dont deserve more pay. Some states have their own laws with discretion over minimum wage pay, and 29 states and DC all currently have minimum wage standards higher than the federal standard, but not necessarily by much. Those working labor jobs, where minimum wage is the compensation they receive for their time and energy, are struggling to afford such basic necessities as housing and food, even when they work†¦show more content†¦Is it fair to raise the minimum wage for those who are less skilled and not as educated just because they need to earn more money? If we raised the minimum wage to $15 an hour a chain like Mcdonalds would likely not be a ffected by it and would likely not have to cut employees. However, if a small business now has to pay each employee a minimum of $15 an hour do you think they would be able to keep all of those employees? It is unlikely that they would be able to keep all of their employees and it would be much harder to keep the job and it would then become more competitive to even get the job ..so getting the experience you need to grow in a job would be harder because the chances of you getting hired would be less. The job market would be more competitive for smaller businesses and easier for large chain restaurants.. but not everyone wants to work for a chain like mcdonald s. However, it will increase consumer purchasing and have less of an employee turnover because those who got their jobs are less likely to leave it with such a competitive market. Raising minimum wage would be beneficial to middle-class people but would it actually help our economy? â€Å"The total U.S. labor force was rough ly 158.7 million. About 47%, or 75.3 million workers, were paid an hourly wage. Of all hourly workers about 4.7%, or 3.54 million, earned a wage equal to or below the minimum wage. If everyone of these workers received an increase to $15 per hour, the total wage earned by this
Thursday, May 7, 2020
Essay on Genentech - 779 Words
Case Study: Genentech Discussion Questions 1. Would you characterize Genentech’s employees as experiencing distress or eustress? Distress is the type of stress that has negative implications, whereas eustress has a positive form of stress, usually related to desirable events in someone’s life. Therefore, I would characterize the Genentech’s employees as experiencing eustress. For example, all these programs that Genentech offers to its employees make life less stressful. The employees, who work for Genentech, enjoy working and they are proud of the cancer-fighting drugs their company produce, and also the egalitarian policies. 2. How can the Yerkes-Dodson law be related to the impact of Genentech’s programs†¦show more content†¦The company maintains a corporate culture that fosters creativity and innovation. Therefore, the company allows its researches to publish their findings in academic journals. Genentech also promotes emotional health among its employees by creating a connection culture, for example, bringing cancer patients into the company’s facilities. Another way that the company promotes the well-being of its employees is the availability of its tuition-assistance program to cover educational expenses of its employees. And another important initiative and well-being for Genentech is helping its employees maintain balance between their work lives and personal lives. As a result, Genentech’s employees claim that they love what they do because they know their job has a meaning. 4. What might be accomplished by Genentech’s programs with respect to enabling employees to better deal with workplace stress or its consequences? All these programs deal with employee stress and or well-being at workplace, and are aimed at making life less stressful. Consequently, Genentech employees consistently refer to the opportunity to make a difference in the lives of patients as the primary reason they work for Genentech. Genentech’s development products continue to grow, with multiple promising projects in the following therapeutic focus area: oncology, immunology, metabolism, neuroscience and infectious diseases. As a result, theyShow MoreRelatedCase Study 27 Genentech 0603151083 Words  | 5 Pagesï » ¿BUSB 481 - Professor Coulson Case 27 - Genentech: After the Acquisition by Roche Terry Fender June 3, 2015 1. Perform a VRIO analysis. What is Genentech’s competitive advantage, if any? The significant resource that led to Genentech s competitive advantage was culture. This culture was instilled by it s founding partners Robert Swanson and Herbert Boyer. In this culture RD focused on applying leading edge scientific knowledge to discover and develop best-in-class medicines. The culture of individualRead MoreEssay on Genentech Case628 Words  | 3 Pagesï » ¿ COURSE Operations Management WRITER Group HZM CLASS M1412091 PROFESSOR Vinod R. Singhal Case Genentech-Capacity Planning Howard 1141209823 Maxime LECOCQ 1141209829 Junhai Zhou 1141209226†Genentech Case Suggestion The problem before David Ebersman, VP of product operations at Genentech, is fairly basic. The demand for the company’s drugs is expected to grow substantially over the nextRead MoreThe Impact Of Genentech On The New Biotechnology Industry1013 Words  | 5 Pages Genentech was founded in 1976 by Robert Swanson and Herbert Boyer. The company was one of the first biotechnology companies. Its mission was to develop manufacture and commercialize biotherapeutics drugs. Genentech main focus was in areas of oncology, immunology and tissue growth and repair. After few years of company’s development, Genentech scientists successfully produced the first therapeutic proteins which involve human genes. Evaluating with the VRIO analysis, Genentech is valuable, rare,Read MoreHarverd Case Roche819 Words  | 4 PagesCase: Roche 1 2 Reasons for Roche’s 100% ownership of Genentech Since Roche and Genentech both operate in the pharmaceutical industry, but still have their own specialty, they can benefit from a partnership. Roche owns a majority stake in Genentech since 1990 and since 2007, it owns 56% of Genentech. Genentech was founded in 1976, their focus lies on biotechnology in which they are the second largest firm of the world. Genentech had become an important part of Roche’s business representingRead MoreGenentech Internal Analysis1319 Words  | 6 PagesGenentech is one of the world’s leading biotechnology companies focusing on therapies for cancer, heart attacks and others. Its industry is marked by rapid and accelerating (technological) change, thus internal resources and capabilities form the main basis for competitive advantage and strategic orientation. In line with this resource-based view this essay will analyze the company’s resources and capabilities following Porter’s â€Å"Value Chainâ€Å" approach. Building on this they will be evaluated in termsRead MoreRoches Acquisition of Genentech943 Words  | 4 PagesFebruary 11, 2011 Dear Valued Scotiabank Customer, In an eï ¬â‚¬ort to keep our customers informed, we would like to update you on the Payments Systems Reform process being implemented by the Bank of Jamaica (BOJ). e BOJ implemented a Real Time Gross Settlement (RTGS) system in February 2009. e RTGS is an on-line funds transfer system where the transfer of money is eï ¬â‚¬ected from one bank to another in â€Å"real time†. e BOJ has indicated that eï ¬â‚¬ective March 31, 2011, ï ¬ nancial transactions with a largeRead MoreLeading Biotechnology Company: Genentech Essay1617 Words  | 7 PagesLocated in South San Francisco, CA, Genentech was started in 1976 by a biochemist Dr. Herbert Boyer and Robert A. Swanson. From 1995-2009 Arthur Levinson had become the CEO of Genentech; presently it is Ian T. Clark. Genentech is a leading biotechnology company, using human genetic information to discover, develop, manufacture and commercialize medicines to treat people with serious or life-threatening medical conditions (2014). Bi otechnology is the technology based on the science of cellular andRead MoreDealing with Stress...The Genentech Way Essay1644 Words  | 7 Pagesdeal with â€Å"Stress†. This case explains the Genentech way of dealing stress. Genentech is the first biotech company and was founded in 1976 by Dr. Herbert W. Boyer, a biochemist, and Robert A. Swanson, a venture capitalist. Like any other major large corporation Genentech aspired to be the leading biotechnology company. It has been recognized to be a very people friendly company for its Human resources policies and its human therapeutics. In 2007, Genentech CEO Arthur Levinson, wanted to make his companyRead MoreThe Birth of Biotechnology 1763 Words  | 7 PagesThe birthplace of Biotechnology is located in South San Francisco, CA, where Genentech was started in 1976. Biochemist Dr. Herbert Boyer and Robert A. Swanson were the founders of Genentech, and from 1995-2009 Arthur Levinson had become the CEO of Genentech; presently it is Ian T. Clark. Genentech is the leading biotechnology company that uses human genetic information to discover, develop, manufacture and commercialize medicines to treat people with serious life-threatening medical conditions (2014)Read MoreStrategic Requirements Of Modern Healthcare Essay953 Words  | 4 Pagesanalysis, it was applied to my current organization called Genentech. Background Information on Genentech Genentech is a biotechnology organization that discovers, develops, manufactures, and markets bio therapeutics for several unmet medical needs such as in the areas of oncology, immunology, growth, asthma metabolism, mental disorders, dermatology, nephrology, neurology, urology, and rheumatology (â€Å"Genentech,†n.d. a). In 2009, Genentech merged with an international pharmaceutical company called
Wednesday, May 6, 2020
Independence Air Project Free Essays
Independence air was not the original name of the airline. It was formerly known as the Atlantic Coast Airlines. The airline originally operated in collaboration with United Airlines and Delta Airlines Inc. We will write a custom essay sample on Independence Air Project or any similar topic only for you Order Now It was a contract carrier for the two older companies. However, Atlantic Coast decided to operate independently when United attempted to reduce Atlantic’s fee under the new contract. After the first flight to Atlanta was fully booked, Independence Air expanded the business into most states of the East Coast. In the West Coast the company operated only in a few major cities. I.2.     Target Market, Strengths and Weaknesses The company is a Low Cost Carrier, which means that the target market is from the segment with price oriented perspectives. The company started by expanding the service into the eastern cost of the continent because the managers believed that the locations possess more opportunities for Independence Air (Laura, 2005). However, the company also maintained existence in the west coast of the continent by providing routes for major airports in the region. The original business model of the company was based on two core qualities: rock bottom fares and internet marketing services. It was originally a success because most of the 600 daily flights to 37 destinations were fully booked (Laura, 2005). Nevertheless, as the months go by, the number of flights was slashed down to only 200 a day (‘Flyi’, 2006; ‘Final Boarding Call, 2006). The strengths of the model mentioned above were no match for the problems within the LCC industry at the time. Increasing fuel cost and continued competition from many airlines including the former partner, United Airlines, stripped the company from its profits (Downfall, 2006). I.3.     Marketing Mix I.3.1.  Product/service The company is a Low Cost Carrier airline, which generally means that the company provided air travel services with the cheapest prices possible. In case of the Independence Air, managers and employees of the company are dedicated to creating a low-fare airline based on these six philosophies: 1)     I am about the customer first; 2)     I am genuine; 3)     I am about integrity; 4)     I am about operational excellence; 5)     I am innovative; 6)     I am enthusiastic. The six philosophies have a core purpose of creating the corporate image as ‘the official airline of fast, easy and less expensive’      (‘Independence Air’, 2005) I.3.2.  Price Articles from various writers who wrote about the company stated that it has ‘rock-bottom fares’. The company offers one of the cheapest fares in the continent. In terms of price, the company has the philosophy of ensuring customers to feel that ‘I can fly on my budget’. In order to reach such goal, besides providing cheap flights, the airline also simplified their fare structure into four fare types. The purpose is to create an easy to understand fare system and easy to book (‘Independence Air’, 2005). I.3.3.  Promotion In order to promote quality of its flight services, the company operated based on two philosophies, which is to ensure the consumer believed that: 1) they can fly on their own schedule and 2) they can fly their own way (‘Independence Air’, 2005). In order to support the implementation of these philosophies, the company established hundreds of non-stop flights to 37 destinations. The company also order planes with new seat designs and new cabin designs the will provide customers with the most convenient flight in the industry of air travel (‘Independence Air’, 2005). It was recorded that the CEO spent significant amount of corporate money on advertising and community sponsorships. The CEO hired people from various media-related professions to promote the birth of the company. Some of these people are: political consultant Carville and his wife, the comedian Dennis Miller, soccer star Mia Hamm and musician Chuck Berry. I.3.4.  Place The company preferred electronic means to promote their services rather than traditional means. The most prominent promotional and the sales channel is the internet, along with an 800 number which makes it easier for people to book flights with the airline. I.                  Causes of Bankruptcy There are several analyses on what causes the bankruptcy of the low cost carrier. This particular case study is deemed interesting for many scholars because of its peculiarity. Low Cost Carriers are deemed as the future of the airline industry. However, the case of independence air revealed the fact that there are other factors in the airline business than just price. According to an article by the Boyd Group, people are often unable to separate between facts and myths in the airline business. Here are several examples:  ·Ã‚        Despite the popular opinion that the LCC model introduced by the famous Southwest airline is very much profitable, analysts believed that the mode is actually not profitable once the fuel price exceeds $2 per gallon  ·Ã‚        As mentioned previously, many considered that LCC is the future of the airline industry for modern countries. Nevertheless, further analysis revealed that the picture looks worsen as the airline industry goes forward. The most prominent theory is the ‘over-capacity theory. The LCC model has very low margin, which means it requires each airline to have sufficiently large market share in order to remain profitable. Nevertheless, with the appearance of new airlines and new competitors, many predicted that their planes should have bumped into each other, in the sense that they will soon run out of sources of revenue.  ·Ã‚        Another misperception of the condition in the airline industry is the notion that LCC will always outlast a legacy airline. It as reported that in the second quarter of 2005, Americana and Continental Airlines, two of the largest legacy airlines in the United States declared considerable profit. The fundamentals are revealed, the issue is not only cost, but also revenues. Well after the September 11th tragedy, customers have regain their trust to the airline industry and some of them return to their consuming routine of searching for ‘convenience’ in flying. If the LCC do not enhance its ability in providing higher quality services, some legacy airlines will take away their customers easily.            (The Boyd group, 2005) In the particular case of the Independence airline, it is stated that the main cause of their failure is because there are already too many competing airlines offering routes on similar routes and racing to offer passengers with the lowest possible fares. The market system caused prices to go even lower every time a new airline is entering the industry (Nance, 2006; ‘Independence Air’, 2006). How to cite Independence Air Project, Papers
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