Training and development Literature review Example | Topics and Well Written Essays - 2000 words

Preparing and improvement - Literature survey Example Along these lines, this implies it is progressively getting hard to characterize the executives at the contemporary work environment because of irregularities in both the old style conceptualization of the board and the genuine items of common sense of the board in associations today, because of difficulties of the evolving condition. As indicated by Andre De Waal et.al 2009 p.180, Vietnamese banks are progressively compelled to discover methods of upgrading execution to build their seriousness in the profoundly serious Vietnamese financial industry. Rivalry regularly results to shortage of assets and decay of profits on speculation particularly where associations have a low market quality contrasted with opponents, and this absence of seriousness may in the end result to authoritative disappointment. Andre De Waal et.al presents on the a lot under explored subject of elite association and attributes of superior in the Vietnam banking industry, and a portion of the major HPO factors featured incorporate, however are not restricted to, nature of the executives and workforce quality. Quality administration involves building up and keeping up trust associations with the human factor of the firm on all levels by esteeming staff dedication, approaching them reasonably with deference, understanding individual needs, notwithstanding promising conviction and trust in others. A HPO likewise builds up its workforce via preparing them to obtain vital skills and abilities, giving them chances to gain from others, and empowering imagination in the achievement of errands through execution audits. The banks in the Vietnam banking area have gone under expanding strain to execute preparing programs in light of the unavoidable weights in the financial business, to accomplish both seriousness and manageability in the long haul. Ha Thu Vu and Sean Turnell 2010, p.115 states that the financial areas around the globe have been dependent upon impressive changes in the course of recen t decades through various factors, for example, deregulation, mergers and acquisitions, budgetary freedom, notwithstanding other change and rebuilding programs. They watch this developmental pattern in the Vietnamese financial industry that began with the change of Vietnam’s banking framework from a mono-level to a two-level financial framework; local Vietnamese banks later experienced quick rebuilding programs, budgetary deregulation, and got coordinated into the worldwide money related frameworks. Ha Thu Vu and Sean Turnell look at the cost proficiency of the Vietnamese financial industry by consolidating the monotonicity and concavity imperatives in computing the cost boondocks utilizing the Bayesian methodology. What's more, this collection of writing presents that the Vietnamese financial industry has experienced fast change projects to recapitalize the banks, to rearrange the board exercises, to improve staff abilities, and upgrade execution. This examination further se es that the general advancement of the financial business change has been inconsistent with the benefit of the Vietnamese banks staying minimal. Quang Truong et al 2010, p.75 feature the unavoidable spotlight on creating and dealing with the HR particularly in the light of the quest for upper hand and expanding

Difference between functional and dysfunctional conflict Essay Example for Free

Distinction among useful and useless clash Essay Useful Conflict Susie Steel is a VP in a land improvement firm called Hearts Development. She has burnt through gigantic measures of effort developing a relationship with a nearby town in regards to an accessible plot of land. Susie might want to buy the land to construct townhomes available to be purchased. She has built up a brilliant relationship with the town government officials and network individuals. An issue has created over the arranged use of the land, however. The town will offer the land to Susies organization however feels that townhomes would be awful for the general network. Theyre worried about the extra expense and weight of children that the townhomes would bring into the network. Susie comprehends the communitys concern and needs a success win circumstance to happen. She feels that this issue will be a practical clash because of the way that the contradiction will bring a positive final product to the two gatherings. Positive consequences of utilitarian clash include: Awareness of the two sides of issues Improvement of working conditions due to achieving arrangements together Tackling issues together to improve generally confidence Making developments and enhancements inside an association In Susies case, productive analysis and conversation brought about a trade off and an answer between the gatherings. Susie comprehended the towns concern yet expected to discover something to assemble that would bring income for the organization. Through their joint gatherings, the end arrangement was for Hearts Development to construct a retirement network, which would just have residents 55 and over living in the town. This would wipe out the issue of having progressively youngsters come into town and weight the educational system.

Workshop Trip to Liberia COLUMBIA UNIVERSITY - SIPA Admissions Blog

Workshop Trip to Liberia COLUMBIA UNIVERSITY - SIPA Admissions Blog The following entry was composed by Nora Gordon, a second year MIA student concentrating in Human Rights.   Nora spent Spring Break, and an additional week in Liberia participating in her SIPA workshop.   She is back now but wrote this while she was away. ________________________________________ I am currently working in Liberia with my workshop team on improving vocational training programs for youth in Liberia.   We are here for two weeks conducting trainings in vocational training centers about market assessment.   Our goal is to help staff and participants learn how to use a market assessment toolkit that was produced by a SIPA workshop team in 2008. Here are a few quick notes from the trip so far . . . *** We went to work on Saturday morning for a quick meeting with our supervisor.   Our project involves making a short film and other training tools for people working on job training programs for youth. We will get to visit 4 Youth Employment Program sites throughout the country. The idea is for us to help local programs figure out market needs and shape their training accordingly.   When we finished our work meeting, a Liberian guy walked into the office singing “In the jungle, the mighty jungle…” We all laughed.   He gave us a giant, gummy smile and told us his name, McNeal.   “I’m the IT guy,” he said.   We told him about our video and he was excited to be on camera.   Then we tried to find out some details about the local culture. “Do people dance a lot in Liberia?   Where do people dance?” “Whaaaaaaat?!!   You ask me this?!!   How you gonna ask me if we daaaaance?!” We laugh. “A typical Liberian will never answer a question,” McNeal explains.   If you ask “I hear in Liberia you don’t answer questions. Is this true?” We will say “Where did you receive this information!?” *** I’m finding some similarities with other places I’ve worked, like Rwanda and oddly even more with East Timor.   Maybe these are just commonalities for conflict/post-conflict zones.   But, for example, there are chips of broken glass cemented along the top of the walls surrounding residences.   There are lots of locks on every door, 24 hour guards, and in our compound there are a bunch of bars on all the windows.   We have 24 hour guards and a curfew.   We’re not supposed to even walk ten feet outside by ourselves after dark (6:30pm). I’m feeling very protected/restricted. *** Today we did our training in the field, which involves introducing a “Market Assessment Toolkit” for vocational trainers and youth.   There was a 14 year old boy named Morris in the class who asked Why is it called a toolkit?” Good question. I’d explained earlier that it was like tools in a toolbox- like a hammer, but for your brain. So one of his teachers explained that metaphor to him, and I thought, This is great, lets put him in our film!   We’re making a film as part of our project in order to help make sense of the toolkit.   As class went on, though I realized the boy was quite cross-eyed, and I thought Ugh, now if I put him on film, it will be so stereotypical, Oh look at this poor little cross-eyed African boy and people will just focus on that instead of what he’s saying.   Or else mean people might laugh. But then I thought, It’s not fair to discriminate and not put him in the video because of a physical condition. So I had this idea to pull him aside later and have him talk to the teacher so he would be looking at the teacher not the camera, and it wouldn’t be so noticeable.   It worked out nicely and is great for our project. ***

A Study on the Author, Chinua Achebe - 1467 Words

A STUDY OF THE AUTHOR, CHINUA ACHEBE Chinua Achebe was born unto a Nigerian parents in Nigeria on November 16, 1930. He was from a family that born six kids; he being the fifth among them. Chinua Achebe’s parents were Isaiah Okafor Achebe and Janet Achebe. He begin an English at eight in Ogidi, Nigeria. Encouraged by his father, he was excited to learned English quickly. His father Isaiah Achebe was one of the first that converted from their religion to Christianity and he also founded the first church in Ogidi. Achebe enthusiasm for knowing about the west and east part of the world led to him mentioning it in most of his novels. Some of these novels include things fall apart, no longer at ease and arrow of god respectively. When Achebe was young, he surpassed at the government’s college in umuahia and the same time at Ibadan University where he begin to study medicine. He didn’t continue because during his exploration, he became interested in Nigeria history and religious studies. He was not dilatory in changing his major from medicine to a major in the field of liberal arts. While navigating his major, â€Å"he discovered the discrepancies between his knowledge of Nigeria and the perceptions of Africa depicted in popular British colonial novels such as joseph Conrad’s heart of darkness and Soyee Cary’s mister Johnson (Clark, Emily, 1).†At his age, Achebe was a creative writer, he contributed articles, sketches and short fiction to theShow MoreRelatedChinua Acheb is a Great African Author986 Words   |  4 PagesChinua Achebe is one of the great authors hailing from the African continent. He has published a number of novels and is widely praised for creating a new genre of African literature. His debut, and most famous novel, Things Fall Apart, has never been out of print, sold more than twelve-million copies, and been translated into over fifty languages (â€Å"Chinua Achebe† The Economist). The characters in the novel are purely fictional but the traditions and struggles faced by the characters are those ofRead MoreA Great Tree Has Fallen: Words of Chinua Achebe Essay1124 Words   |  5 PagesChinua Achebe Imaginative literature †¦ does not enslave; it liberates the mind of man. Its truth is not like the canons of orthodoxy or the irrationality of prejudice and superstition. It begins as an adventure in self-discovery and ends in wisdom and humane conscience. â€Å"The Truth of Fiction† in Hopes and Impediments: Selected Essays 1988 In the mid 20th century Africa was once more starting to find its own voice, having been gagged by centuries of colonial oppression. For all that time the storyRead MoreChinua Achebe s Things Fall Apart990 Words   |  4 PagesChinua Achebe Biography Chinua Achebe, the author of  ¨Things Fall Apart ¨, was known for writing about the imposition of white men on African society. Achebe was a Nigerian man who became one of the most well-known authors in the world. His works were inspired by African culture and he helped define African literature. Chinua’s most famous literary work is  ¨Things Fall Apart ¨, but he has many other books that he is known for, including â€Å"No Longer at Ease†,  ¨Arrow of God ¨, and  ¨A Man of the People ¨Read MoreChinua Achebe s Life Of Literature999 Words   |  4 PagesEssay: Chinua Achebe Chinua Achebe is a renowned Nigeria novelist lauded for his work in literature. Chinua Achebe has been credited with numerous works of literature ranging from novels to journals. His work cuts across borders, making huge success and accepted globally in the world of literature. Even critics had to accept Chinua Achebe is the greatest our time, such was Charles H Rowell a literary critic issued in Callaloo a reputable magazine. There was no surprise when Chinua Achebe wonRead MoreBiography of Chinua Achebe2083 Words   |  9 PagesChinua Achebe: Africa most beloved author The Prominent Igbo writer, famous for his novels describing the effects of western customs and values on traditional African society. Achebe’s satire and his keen ear for spoken language have made him one of the most highly esteemed African writers in English. Chinua Achebe was born in eastern Nigeria on November 16, 1930 Isaiah and Janet Achebe (Bucker pars.1). Isaiah Okafor Achebe was a catechist for the Church Missionary Society and his wife to traveledRead MoreChinua Achebe s Life Of Literature830 Words   |  4 Pages Chinua Achebe is a renowned Nigeria novelist lauded for his work in literature. Chinua Achebe has been credited with numerous works of literature ranging from novels to journals. His work cuts across borders, making huge success and accepted globally in the world of literature. Even critics had to accept Chinua Achebe is the greatest our time, such was Charles H Rowell a literary critic issued in Callaloo a reputable magazine. There was no surprise when Chinua Achebe won the 1972 Commonwealth prizeRead MoreThings Fall Apart By Chinua Achebe1265 Words   |  6 PagesThings Fall Apart by Chinua Achebe is markedly relevant to our current course of studies in World History, as it tells a story based on European Imperialis m in Africa. Coming off the heels of our Imperialism unit, this post-colonial novel provides very helpful context on different civilizations’ perspectives throughout the Age of Imperialism; aside from analyzing death tolls, descriptions of conflicts, and names of countries, it was previously hard to envision what life was actually like during thatRead MoreThings Fall Apart By Chinua Achebe1084 Words   |  5 Pagesdetermines the success of a civilization and without it their societies often fall. Chinua Achebe’s novel is imbedded with examples of tradition and rituals. In the novel Things Fall Apart, religion controls the mind and their ideals, as people desperately rush to seize control through beliefs. In the story religion is not a simple belief, but is a determining factor of how a person should live. The author Chinua Achebe in the novel uses the characteristics of the Umuofians polygamous beliefs in marriageRead MorePostcolonial Literature: Uncovering Western My ths Essay1309 Words   |  6 Pagestherefore of civilization, a place where mans vaunted intelligence and refinement are finally mocked by triumphant beastiality.† (Achebe, 1977) This is one of the many issues that postcolonialism argues and confronts as a lie, since African history has only been told from the colonizers viewpoint overshadowing the perspectives and voices of the colonized. Chinua Achebe, on the other hand, was the first writer to actually tell the story from the eyes of the African communities through his novel ThingsRead MoreCharacter Analysis Okonkwo705 Words   |  3 PagesThings Fall Apart- Okonkwo In the novel †Things Fall Apart,† by Chinua Achebe, Okonkwo is a character who shows the difficulty of staying true and saving his religion. Okonkwo is a very strong man. At times he may be very stubborn, like most men. With many occasions he is very impatient and struggles with controlling his anger. In the book, he is exiled for seven years. During those seven years missionaries come into the village and try to make all of the Ibo tribe convert into Christianity. Since

The Effects of Globalisation on Australia - 2359 Words

â€Å"The Effects of Globalisation on Australia† Economic, Social, Cultural, Environmental and Political Word Count: 1,638 Table of Contents Table of Contents 2 Executive Summary 3 Introduction 4 Economic 5 Social 7 Cultural 9 Environmental 10 Political 11 Conclusion 12 References 13 Executive Summary The effects of Globalisation on Australia can be disseminated into a number of different categories. For the purposes of this report five major categories including Economic, Social, Cultural, Environmental and Political have been explored and summarised but is by no means exhaustive. The overall effects and impact of globalisation on Australia may well be positive to the general population, but there will always be†¦show more content†¦The internet has allowed the money market to operate 24 hours a day. It has been noted however that exchange rate volatility has increased,[v] which makes it more difficult for the government to set monetary policy. Microeconomic reforms, structural changes and the introduction of new technologies altered the level of production and consumption in the manufacturing sector in the late 1980’s and 1990’s. The textile, footwear, clothing and motor vehicle industries were dramatically affected by these reforms and many jobs were l ost. The Australian Government participated in the reduction of trade barriers as part of the General Agreement on Tariffs Trade (GATT). As a result there have been pressures on the above mentioned industries that were previously protected. They have effectively become, or are becoming, casualties of what is termed ‘a race to the bottom’ between national governments as they attempt to attract investment by undercutting competition.[vi] The industries without protection are inefficient and thus profit is affected forcing firms to shift elsewhere or outsource in search of improving efficiencies. Many Australian businesses are now outsourcing, or shifting their production or services offshore where there is cheapShow MoreRelatedSocial, Economic, Political And Environmental Factors Of Globalization1429 Words   |  6 Pagesthe phenomenon of Globalisation in Australia. The report will analyse the social, economic, political and environmental factors of globalisation in Aus tralia. In these factors will discuss the positives and negatives of each impact. Then an overall conclusion will be made about whether Globalisation is a negative or positive in Australia. Background Globalisation is the process of globalizing, or extending to other or all parts of the world. Globalization (or globalisation) is the process ofRead MoreImpact Of Globalisation In Australia1479 Words   |  6 PagesGlobalisation is the developing economic interdependence among nations reflected in increasing actual movements across nations of trade, investment, technology, finance and labour, with the ability to move and the potential movement across nations with those five elements. Australia’s involvement in trade, investment, financial flows, technology transfers and the migration of labour since its foundation as a colony, has impacted and changed the structure of Australia’s trade, with considerable growthRead MoreImpact Of Globalisation On Higher Education940 Words   |  4 Pagesjsil3278@uni.sydney.edu.au Topic: What impacts has Globalisation had on higher education (HE)? A comparative study of Australia and United Kingdom. Special Project Objective: The primary objective of this special project is to present a critical review of comparative research into the impact of globalisation on higher education (HE) in the United Kingdom (UK) and Australia. Emphasis will be placed on the historical and political-economic causes of globalisation and the associated neo-liberal ideology whichRead MoreThe Consequences of Globalization in Australia1293 Words   |  5 PagesWhat factors are involved and consequences of globalisation for Australia? Much discussion has been conducted on the topic of globalisation of the world of economy. Globalisation may be defined as the increasing economic and financial integration of economies on a global scale. Factors enabling globalisation include the change in technology which is the socialised knowledge of producing goods and services, as well as the reduction in the protection of the world economy such as the successive reductionRead MoreAustralia s Cultural And Social Change1517 Words   |  7 Pagesthe understanding of Australia with comparing another interpretation. Lynda Ng views Christos Tsiolkas’s novel, Dead Europe, as a story, which represents Australia by its connection to Europe and globalisation and cosmopolitanism. In Ng’s article, â€Å"Dead Europe and the coming of age in Australian literature: globalisation, cosmopolitanism and perversity†, she focused on several points, which represent Australia. Firstly, Ng mentions whether it is possible to understand Australia as a new country. GenerallyRead MoreI.On The 23Rd Of November, 2016, The Economist Magazine1259 Words   |  6 Pagesas part of its effort to enact United Nations Security Council sanctions aimed at preventing the countries weapons and ballistic military program. I. Donald Trump’s decision to leave the TPP will greatly affect the economic factors relating to globalisation. The TPP had great potential to strengthen trade ties between the original 12 Pacific Rim countries involved. This accounted for 40 percent of the global GDP, making it the largest deal in history with a combined GDP of $27.4 trillion (Aleem, 2017)Read MoreThe Pros And Cons Of Globalization803 Words   |  4 PagesThe term ‘globalisation’ is commonly used to describe a modernisation and capitalist expansion, that entails a variety of economic, cultural, social and political changes over the past 50 years, that have shaped the world today (Guttal, 2007, pp. 524). An important aspect of this concept, is the rapid increase in transnational movements of goods and services, and the weakening notion of national and geo-political borders. Not only has globalisation created economic prosperity but also a large flowRead MoreYouth And The Hip Hop Youth Culture1695 Words   |  7 Pagesliving and they revolve around peer groups that stress a definitive style of living as an external designation of affiliation and appearance. In this essay, I will analyse how globalisation, popular culture, and consumerism emerge as factors that influence the participation of young people in the hip-hop youth culture in Australia. I will also apply the human ecological theory in order to facilitate the understanding of factors that affect youth participation in the hip-hop culture. Culture is generallyRead MoreGlobalization Is A Source Of Anxiety Essay1524 Words   |  7 Pagesdismantled. But what implications does the process of globalization have with regards to its effects on real people in real time? Given the vastly different political and economic climates of different societies around the world, as well as the vast differences between class groups within individual societies, this issue is not as simple as pointing to an individual ethnographic example and stating ‘globalisation affects all of humanity in this way’. There are clearly going to be varying degrees of positiveRead MoreEssay on Globalization and International Management1582 Words   |  7 PagesIntroduction According to the Scholte’s book entitled â€Å"Globalisation: a critical introduction†, the explanation of the word â€Å"Globalisation† is summarised in five aspects, that is, internationalisation, liberalisation, universalisation, modernisation, supraterritoriality (Scholte, 2000). In a simple way of thinking, Globalisation is towards to connect every country in the world together in both positive and negative way. Samson and Raft (2005) defined that Organisational culture as a: ‘system

Business Ethics Dilemma Free Essays

The Internet today is a major resource and tool for many people. Computers have been around since the 1950s’. However, the popularity of computers didn’t take off until the 1990s’. We will write a custom essay sample on Business Ethics Dilemma or any similar topic only for you Order Now Many businesses today market, promote, and have their own website. This is important as it serves as avenue of business to promote their products, sell their services to their customers, and continuously inform the public on their performance. The Internet also provides various search engines in 2011 with popular search engines such as Yahoo, MSN, Google, and newer search engines such as (Microsoft) Bing. This paper will ssummarize and analyze the ethical dilemma between Google and (Microsoft) Bing search engines. In addition, discuss why the behavior is unethical and the impact it has on the organization. It will also include the theory of ethics that explains the unethical behavior and suggest ways to improve the behavior to avoid the problems in the future. Internet When did the Internet start? Back in the early 1960s’, ARPANET was created by many sophisticated engineers, computer scientists, and mathematicians. The ARPANET design allowed computers to connect, run on different operating systems, and without ARPANET, the Internet wouldn’t look or behave the way it does today, it may not even exist. As technology advanced technicians began making advancements with combing the ARPANET network to the Satellite Network (SATNET). The technical term for the connection between the networks is inter-networking or better known today for many as the Internet. In 1990, Tim Berners-Lee developed a system designed to simplify navigation on the Internet which became known as the World Wide Web. As the years went by, and as the technology advanced so did the internet search engines. Microsoft’s full scale entry into the browser, server, and Internet Service Provider market completed the major shift over to a commercially based Internet. Google vs. (Microsoft) Bing On February 3rd, 2011 the Harvard Business Review has reported that, â€Å"Google has sparked a media uproar by alleging that Bing â€Å"copies† Google results and Bing unequivocally has denied it. According to the article, when user’s search information through the Bing toolbar the user’s browser sends information to Microsoft to collect data, track information and watch to analyze behavior patterns. The Harvard Business Review article also has reported the following, â€Å"Google staged a setup for gibberish search terms Google made up which caused the search engine to serve up random pages Google selected arbitrarily. Then Google told its employees to run Google searches for these g ibberish terms, and to click the artificial results Google had inserted. The employees did this on computers running the Bing Toolbar and IE Related Sites, so their click patterns were sent to Microsoft just as Microsoft’s privacy policy and other disclosures said they would be. Microsoft used this data to improve its search results to present in Bing results the links these users seemed to favor, again just as Microsoft said it would. † Google is making an allegation that (Microsoft) Bing has copied their search results process through the use of the toolbar functionality. According to the Harvard Business Review article, â€Å"Microsoft received user permission for these observations and information about users’ click patterns is users’ information not Google’s. † In a post at WebmasterWorld, Google’s Matt Cutts, wrote as follows, â€Å"It’s my personal, unofficial belief that using toolbar data in the future to augment our crawl is not only a good idea, but specifically allowed by the original policies we posted. † Ethical Dilemma The dilemma here is that Google is not practicing in an ethical manner as their organization is making an allegation that Bing is infringing on their toolbar process and tracking user patterns is not appropriate. Based on the Harvard Business review Matt Cutts further said: â€Å"A good idea,† when using this method but now that Microsoft uses this very approach, suddenly Google argues it’s improper. Microsoft – Bing has the same right to use this method to track information and based on the Google Toolbar Privacy Policy it is disclosed that Google reserves the right to track and use pattern information to enhance their search engine. Conclusion Based on the information in the Harvard Business Review article, Google has violated the ethical code of customer confidence. This is due the fact that Google is operating in the same fashion as Bing by monitoring activity searches through its toolbar portal to enhance the information that it is displayed through their website. This affects the employees of Google because the corporation is making a false claim, and this may leave a negative feeling with employees because the organization may not be completely clear with it s full disclosure policies. Google could have been prevented these false claims by having an internal compliance team conduct research and with their findings could have advised Google on a better approach to address competition efforts from (Microsoft) Bing. This reinforces the purpose of having a code of ethics within an organization and that every employee of all levels abides by it. References Internet. (2011). When did it start. (2011). Retrieved on February the 6th, 2011 from: http://computer. howstuffworks. om/internet/basics/internet-start. htm Harvard Business Review. (2011). Google Policy. (2011). Retrieved on February 6th, 2011, from: http://www. webmasterworld. com/forum80/21-1-30. htm Internet. (2011). Internet History. (2011). Retrieved on February 6th, 2011, from: http://www. walthowe. com/navnet/history. html Ethical Dilemma. (2011). Google vs. Bing. (2011). Retrieved on February 6th, 2011 from: http://www. businessweek. com/managing/content/feb2011/ca2011024_853469. htm How to cite Business Ethics Dilemma, Papers

Monroe Clock Company free essay sample

Jim Monroe, president of Monroe Clock Company, decided to sell a new household timing device. And this complete product would have to be sold through wholesalers and manufacturers’ representatives, which were new to Monroe Clock, so the price will be an important factor. Jim’s controller, Tom, had provided figures showing a full cost of $11. 60 and factory price of $14. 70, and Frank Tyler, his sales manager, had worked out a cost of $6. 30 excluding fixed overhead cost and factory price of $8. 00. So the main issue is about how much the timer is going to cost and how to treat the fixed overhead cost. There are three alternative implications for the price setting as follows: 1). If they decided to choose $8. 00 as factory price, the estimated retail selling price will be $16. 00, which is lower than the similar sears model $19. 98 and less than most of substitutions. And they will pretty soon get lots of volume, but once they get more sales, they fixed overhead will become more and more important. We will write a custom essay sample on Monroe Clock Company or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example, the company’s cost on machine maintenance, machine depreciation and plant administration (55%, 40% and 40% respectively) will increase. So if the company keeps long run using $6. 30 as cost excluding fixed overhead, they eventually will make less profit even no profit. 2). If they decided to choose $14. 70 as factory price, which certainly would make more contribution profit than $8. 00 because they had same variable costs. But the problem was that the similar Sears model was selling at $19. 98, and others were not more than a dollar or two away from that. So it would be difficult to attract consumers to buy their expensive new timer unless its exclusive new function was really useful. Other Consideration: Jim hadn’t figured out the value of the product options (a 48-hour or two different 24-hour cycles), which might have a lot more wiring and assembly work involved, and different timers may require more overhead. In addition, there were no other timers in the market, in other words, new timer might need different overhead than before. These all can contribute more overhead cost. 3). If they did as Tom recommended setting $8. 00 as factory price for the short run and then selling some smaller number of units at $14. 70. That may be appropriate for both short run and long run, but how to make consumers accept the $6. 70 ($14. 70-$8. 00) difference for the same product is a problem. Maybe company can use some marketing method or more advertising. * Recommendations: In my opinion, company can’t omit the fixed overhead cost so that making lower product cost. Because long run will make fixed overhead more important and more influenced to profit. So I think Jim should figure out the value of the product options and recompute the overhead rate and set the household timer’s cost including the fixed costs.