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The Economics of The Hudsucker Proxy

Watch these videos: 

The Hoopsucker? Or the Hudswinger? – YouTube

Hudsucker Proxy, The (1994) Scene – YouTube

(74) EconPop – The Economics of The Hudsucker Proxy – YouTube

Question

Using the above grid, create the demand curve(s) for the hula hoop market [hint: you may want to distinguish between the first and second parts of the scene].  Make sure you properly identify and label the graph.  Be sure to take the shape of the demand curve(s) into account, in other words, does the price-quantity combination make the curve(s) flatter or steeper?

Explain your graphic interpretation below.  Make sure you distinguish between changes in quantity demanded and changes in demand, in other words, address price as a determinant and any other nonprice determinants. 

Finally, address price elasticity; in other words how price sensitive were the children initially and then later?  

Be sure to relate your interpretation to activities in the film clip.

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Ensuring long-term financial sustainability for the company

Considering the evolving landscape of work and employee expectations, how can organizations design and adapt their employee benefits packages to attract and retain top talent while also ensuring long-term financial sustainability for the company?

Your responsibility in this task involves crafting a minimum of three distinct posts spread across three different days. These posts should showcase a significant level of insight and contemplation. Your initial post should serve as your response to my inquiry, while the subsequent two posts will comprise responses to both your peers and myself. It is of utmost importance that your responses to other posts maintain a high standard of well-crafted and intellectually stimulating discourse.

Please ensure that your initial post is submitted by Thursday at 11:59 PM. Furthermore, keep in mind that the week’s activities conclude on Monday at 11:59 PM, which also serves as the deadline for your peer review postings.

Each of your posts should be at least one paragraph in length, equivalent to approximately 150 words. Quantity is important, but it should be accompanied by a focus on quality. It’s essential to note that Wikipedia cannot be used as a source for this class. Additionally, avoid copying and pasting from your sources; instead, read and then convey the information in your own words. This means you should paraphrase and cite your sources following the APA style, except when responding to peer postings.

Remember, your responsibility entails posting three times: your initial post and responses to two of your peers’ postings

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Warren Buffett’s approach to business dealings

Case Assignment

For a successful start-Business Ethics

Address the following in a 4-page essay, demonstrating your critical-thinking skills:

  • Discuss Warren Buffett’s approach to business dealings, especially as they relate to business ethics.
  • Compare that approach to Bernie Madoff’s.
  • Apply ethical philosophies that you have learned about in this Module and state which you think apply to Mr. Buffett.
  • Which ethical philosophies apply to Mr. Madoff? Why?

Create a table where you compare and contrast these two investors from an ethical standpoint. Be sure to discuss your table in your paper.

Write a well-integrated paper with a strong introduction and conclusion, and use a few section headings (i.e., do not simply follow a Q & A format).

Use your module background information and any other reliable sources you wish to find. The sources do not need to come from the Trident Online Library. For all sources, however, provide in-text citations and include a reference list.

General References Useful for Preparing Graduate-Level Papers:

For a list of general reference sources related to locating library sources, using APA formatting, applying critical-thinking skills, and so forth, see General References Useful for Preparing Graduate-Level Assignments. It is not required that you read these sources page-by-page, but rather use them as guides.

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****Please see attached files for complete assignment details*****

https://www.dropbox.com/scl/fi/509fix4ajjqvvkziz1fqp/ETH501-Business-Ethics-Module-1-Case-Info.docx?rlkey=daprool57envl0lqtphh1za36&dl=0
https://www.dropbox.com/scl/fi/jtcg7s7w4zen1cv6dqqwi/apa-7th-assignment-template-v.1-3-71906-3.docx?rlkey=s95y7c9vfw6wkasx079jpwlro&dl=0
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Gabriel Feitosa Dog Grooming

Details of the task to be undertaken: Gabriel Feitosa Dog Grooming

Watch the CNBC video above and answer the following 5 questions:

NOTE- a full page of text is likely needed for thorough answers.

  1. Assume Gabriel choose a Sole Proprietorship structure, what could be his concerns for choosing that option? 
  2. If Gabriel wanted to raise money from outside investors, what structure option might he choose?; Would you invest in his business? why/why not?
  3. Let say Gabriel met someone who he thinks might be a good business partner, what could be the items most important to address and discuss in a Partnership Agreement?
  4. Why do you think Gabriel has been successful?
  5. Are you inspired by the business that Gabriel has created? If so, why?

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Incarceration by the Numbers section in the Deviance and Crime

Required Reading/Watching

Prior to this discussion, you should have:

  • Read chapter on Deviance and Crime
  • Review lecture notes for Deviance and Crime
  • Reviewed the Incarceration by the Numbers section in the Deviance and Crime module

This is a brief discussion, so you are not expected to write as much as you have in your first discussion. Instead, in about a paragraph write about two things.

  1. What are two takeaways that you had after engaging with the website and data?
  2. Explain why these two takeaways matter in terms of our view of incarceration in the United States. For example, you might explain why these takeaways matter.

Writing a “meaningful” discussion

Remember that meaningful discussions typically have a few components. First, they should cite a variety of the materials available for review or covered in class. This demonstrates your level of engagement with the course content. Second, meaningful discussions go beyond repeating what others have said. Your discussion can include quotes from the sources but they should be primarily made of your own words so you can demonstrate the development of your own sociological perspective and voice. Third, expressing opinions are absolutely fine but they ought to be grounded in some sociological perspective or theory, not just how you feel.  

Link to Sociology Book: CH 7 

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https://www.mediafire.com/file/vni0zxnp519g4dw/IntroductiontoSociology3e-WEB_9QTqRGQ.pdf/file

Link Lecture Notes:

https://www.mediafire.com/file/knekdev5sookzea/Deviance+and+Crime+Lecture+Notes.html.zip/file
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The nurse practitioner’s (NP) role in the health care delivery system has evolved

Reflect on your experience in NP700.  

This is a description of the class – make it positive feedback

The nurse practitioner’s (NP) role in the health care delivery system has evolved.  As healthcare delivery constantly changes, the nurse practitioner must evaluate and adapt accordingly.  This course examines where the NP role started and how the scope of practice has changed. You will examine advanced practice registered nurse (APRN) history, role, and regulatory and professional issues. You will take a close look at professional organizations and current healthcare trends in your own community. In addition, we will begin to explore the world of evidence-based practice, an advanced practice core competency.  Then we will discuss leadership and ethics as they relate to the advanced practice nurse.

This is the assignment –

A reflection is similar to other essays or discussions in that it needs to be easily understood and well structured. Still, the content is more akin to something personal, like a diary entry.  In a reflection, the person primarily examines his or her life experiences, hence the term ‘reflective’. The purpose of composing a reflection is to provide a platform for the author to not only recount a particular life experience but also explore how he or she has changed or learned from those experiences.

As you decide on the content of your reflection, you need to remember that a reflective essay is highly personal and aimed at engaging the reader or target audience. And there’s much more to a reflection than just recounting a story. You need to be able to reflect on your experience by showing how it influenced your subsequent behaviors and how your life, as a student, has been particularly changed as a result.

An excellent way to get started is to pick out some reflective questions which will help you think deeper about the impact and lasting effects of your experience.  Here are some examples:

· What have you learned about yourself as a result of the experience?

· Have you developed because of it? How?

· Did it have any positive or negative bearing on your life?

· Looking back, what would you have done differently?– What are your thoughts on the experience in general?

·  Was it a valuable learning experience? —   What specific skills or perspectives did you acquire as a result?

· Please demonstrate thoughtfulness and reflection in your response.  

· Please be professional in your grammar and language.  

APA is not required because this is your original thought.   However, proper grammar and spelling are expected.

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Examine and assess the Revised ASA315 with a focus on identifying risks

AUDIT, ASSURANCE AND COMPLIANCE

WORD COUNT- 1000 TO 1500 WORDS

INSTRUCTIONS

ALLOCATED COMPANY: SONIC HEALTHCARE

Go to the website of your allocated company. Then, go to the Investor Relations section of the website. This section may be called: “””Investors”””, “”Shareholder Information”,” or similar titles. In this section, find the ‘company’s annual report and other related reports. Download the ‘firm’s latest annual report and other related information and reports and save it to your computer. For example, these reports may be dated 30 June 2021 or 30 June 2022.

Questions

Assume that you have been appointed as the external auditor for your allocated company for the financial year ending June 2021 or 2022. Prepare a report to adequately address the following:

Examine and assess the Revised ASA315 with a focus on identifying risks, including risks associated with information technology and the auditor’s obligation to utilize automated tools and techniques to perform the audit in a professional, effective and efficient manner

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Data management in the Cloud

Assignment Details

Unit 3 – Individual Project (125 points)

Description

Assignment Details:

Evaluate the impact on society from the use of AI and its impact on business or other industries, such as government, agriculture, entertainment, aerospace, manufacturing, education, and healthcare for either cybersecurity or data management in the cloud.

  1. Select a topic for your investigation, either cybersecurity or data management in the Cloud.
  2. Review the scholarly literature to identify how AI has been studied in relationship to your topic.
  3. What was its impact on society? Is it beneficial or does it have risks related to its use?
  4. How well does AI support your topic? Describe an example from literature.
  5. Conclude your evaluation by describing a research problem that AI researchers feel needs further attention. If you do not discover a problem in the literature, then briefly describe what you would like to see possible in the future to strengthen the use of AI for cybersecurity or data management in the Cloud.

SOURCES OR GUIDANCE

Unit 3 Assigned Reading:

Artificial Intelligence: A Modern Approach

  • Chapter 3 Solving Problems by Searching

E-BOOK

Artificial Intelligence: A Modern Approach

by Russell

ISBN: 9780134671932 | Edition: 4

Individual Project Rubric

The Individual Project (IP) Grading Rubric is a scoring tool that represents the performance expectations for the IP. This Individual Project Grading Rubric is divided into components that provide a clear description of what should be included within each component of the IP. It’s the roadmap that can help you in the development of your IP.

ExpectationPoints PossiblePoints EarnedComments
Investigate the scholarly literature or research resources to identify good sources of information.25
Analyze the research, noting the characteristics that illustrate the issues related to the topic.25
Assess the impact of the topic in your analysis.25
Find additional references to support or provide counter arguments for your inquiry.25
Professional Language: Assignment contains accurate grammar, spelling, and/or punctuation with few or no errors. (APA formatting is required or style specified in assignment).25
Total Points125
Total Points Earned

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An organization (BOMBAS) and Biblical value (KINDNESS)

Each paragraph should have at least 5 sentences and at least 2 different references. The case study paper must be 8–10-pages (not including Title Page, Abstract, or Reference page) and must include at least 5 scholarly resources in addition to the course textbooks and the Bible (New International Version or King James Version). 

BMAL 570

Case Study Assignment

Overview

Case studies are an important part of most graduate programs as they reveal more readily the concept or theory discussed in a real-world context. Consider the chapters you have read from Hill text that present a case study of an organization. In each of these chapters, the way organizations incorporate various values (ex. love, joy, peace, forbearance, kindness, goodness, faithfulness.) is described in real-world scenarios. This helps us see how the value, reactions to the value, and outcomes from demonstrating the value might be displayed—and thus, presents a rich case for learning best practices and enables us to take God with us to work and everywhere. Case Studies are stories that develop a person, or a group of people, or a company over a specific time period (ex. day, week, month, year). A case study analyzes what occurred during this time period.

For your Case Study Paper, you have selected an organization (BOMBAS) and Biblical value (KINDNESS) that the organization has displayed (ALREADY SELECTED IN OUTLINE). Write a story and develop a person or a group of people at this company. Remember you have to write a story that shows the example of this company displaying this Biblical value. You won’t be writing just about the company. Write a case study where a person or group of people displayed a Biblical value. Tell the story. Back up the actions of the people or group in the company with scholarly references, the text, and with the Bible (this is the most important part). Discuss and expand on how this Biblical value connects to the organization and the story.  The purpose of this is for you to be able to identify Biblical values in an organization.  Remember, Biblical values can certainly be displayed in secular workplaces; after all, all truth is God’s truth! 

Above is information about the case study. You have already completed the outline for this. If you want to make any changes to your outline, get this approved by your professor prior to submitting this case study. The outline and case study should all be on the same company. Use Below Outline and Organization:

Instructions Follow your outline that you did earlier in this course. Be sure to review any revisions required from your professor. Each Roman Numeral section from your outline usually equals at lease one paragraph in the case study. Each section of your case study should have a subheading and at least 1 paragraph. Do not use the Roman Numerals in the Case Study. Each paragraph should have at least 5 sentences and at least 2 different references. The case study paper must be 8–10-pages (not including Title Page, Abstract, or Reference page) and must include at least 5 scholarly resources in addition to the course textbooks and the Bible (New International Version or King James Version). The Case Study Paper is to be written in third person and must be in current APA format. Do not use first or second person in this outline or in the case study. Please do not use direct quotes in the outline. Only use direct quotes for Bible verses and famous quotes or dialogue. Before submitting the case study, your outline topic (BOMBAS) and Biblical value (KINDNESS) must be approved (ALREADY APPROVED). Once this is approved, any changes must be approved by the professor. Your case study should have a title page, abstract page, case study pages (based on the outline you created), and a reference page. Note: Your assignment will be checked for originality via the Turnitin plagiarism tool. image2.png image3.png image1.emf Microsoft_Word_Document.docx 1 5 Kindness in Bombas Organization Name University, School of Business Class Professor September 3, 2023 Topic Paragraph I have chosen the BOMBAS organization to focus on the value of kindness. I choose kindness due to this value being consistent with God’s character (Hill, 2018). BOMBAS is an organization that focuses on offering clean, comfortable socks, slacks, and t-shirts to people experiencing homelessness (Bombas, n.d). I chose this organization because of its collaborative efforts to help others. Collaboration with the community ensures that the community’s needs are met and is a successful step toward ending community-based issues such as homelessness (Awad, 2023). I chose this organization because of its innovative approach to community service even while conducting its everyday business. Additionally, it leverages kindness to make an impact on the community. Kindness allows individuals to significantly impact society beyond the economic realm (Taufek et al., 2023). For example, BOMBAS provides consumers with high-quality socks and donates one pair of socks for every pair sold. This shows an act of kindness that is rare in today’s world. Kindness can be shown through charity, highlighted in 2 Peter 1:7, which states, ” And to godliness brotherly kindness; and to brotherly kindness charity.”. Kindness is essential to BOMBAS’s business operations and how it has an impact on people’s lives. This value resonates with me because it demonstrates a compassionate and considerate approach consistent with my beliefs. Cottingham (2019) highlights the importance of kindness, reflecting the biblical teachings surrounding living with others and charity. It allows individuals to be compassionate towards each other (Cochrane et al., 2019). This aspect allows individuals within such an organization to work seamlessly and create a nontoxic work environment. Additionally, kindness is an important aspect of making a social impact, a key objective for most organizations (Griffin-EL, 2021). Outline I. Introduction II. Background of BOMBAS A. BOMBAS was founded in 2013 for a noble purpose, which includes providing clean, comfortable apparel, namely socks, pants, and t-shirts, to those in need, especially homeless individuals (Bombas, n.d). This mission was inspired by the awareness that clean clothing can restore a person’s dignity and confidence. B. The Model of “Buy One, Give One” The innovative “buy one, give one” model of BOMBAS ensures that an identical item is donated to homeless individuals for each article of clothing purchased by a consumer (Bombas, n.d.). Such donation strategies emphasize the importance of compassion and foster a sense of social responsibility within the organization and among its clients. III. Discussion of the Biblical Value Kindness A. The Biblical Definition of Kindness Kindness, as described in 2 Peter 1:7, can resonate with the mission of BOMBAS. Kindness reflects compassion, empathy, and compassion towards others, mirroring the biblical teachings on love and charity (Cottingham, 2019). The Bible teaches individuals to be kind to each other as a fruit provided by the holy spirit. It is also a reflection of God’s character (Hill, 2018). B. The Value of Kindness in Everyday Life Kindness plays a crucial role in fostering an empathic and compassionate culture in organizations (Cochrane et al., 2019). It aligns with BOMBAS’s mission to make a positive impact by addressing a fundamental need with a generous spirit: providing clean apparel. IV. Discussion of How BOMBAS Displays Kindness A. Influence through Donation BOMBAS’s initiative to donate one item of clothing for each item purchased illustrates generosity in action (Bombas, n,d,). BOMBAS demonstrates how the purchase of clothing can significantly affect the lives of others by addressing the needs of the less privileged. B. Partnerships with Community-Based Organizations The partnership between BOMBAS and over 3,500 community organizations demonstrate the organization’s commitment to nurturing kindness on a larger scale. The collaborations between community organizations and business organizations expand the scope and impact of their efforts to ease the problems faced by underprivileged individuals, such as homeless individuals (Awad, 2023). V. Discussion of how kindness is connected to BOMBAS A. Kindness is deeply rooted in BOMBAS’s core values, as shown by the organization’s mission to provide comfort and dignity through clothing (Bombas, n.d.). This alignment supports the idea that corporate success and acts of compassion and social responsibility can coexist. B. BOMBAS’s brand reputation and consumer loyalty are enhanced by its emphasis on kindness. An organization like this can cultivate a positive image that resonates with consumers seeking to support organizations that prioritize kindness by prioritizing social impact alongside business development (Griffin-EL, 2021). Consequently, Bombas has earned a positive reputation. VI. Discussion of How the Biblical Value of Kindness Influences BOMBAS Decision-Making A. Moral Business Choices Kindness influences the decision-making processes at BOMBAS, resulting in choices that prioritize social responsibility and human welfare. This ethical approach involving kindness in everyday business practice to decision-making reinforces the organization’s dedication to making a difference for the better (Taufek et al., 2023). B. Organizational Climate and Employee Engagement BOMBAS’s emphasis on kindness is probably ingrained in its corporate culture, nurturing an atmosphere where employees are inspired by its mission (Bombas, n.d). This commitment to compassion contributes to the employees’ sense of purpose and fulfilment. VII: Lessons Learned VIII. Conclusion References Awad, M. H. (2023). Place and the structuring of cross-sector partnerships: The moral and material conflicts over healthcare and homelessness. Journal of Business Ethics, 184(4), 933–955. https://doi.org/10.1007/s10551-023-05360-w Bombas. (n.d). We’re Bombas. Retrieved From: https://shop.Bombas.com/pages/about-us Cochrane, B. S., Ritchie, D., Lockhard, D., Picciano, G., King, J. A., & Nelson, B. (2019, May). A culture of compassion: How timeless principles of kindness and empathy become powerful tools for confronting today’s most pressing healthcare challenges. In Healthcare Management Forum (Vol. 32, No. 3, pp. 120–127). Sage CA: Los Angeles, CA: SAGE Publications. https://doi.org/10.1177/0840470419836240 Cottingham, J. (2019). Loving kindness and mercy: Their human and cosmic significance. Philosophy, 94(1), 27–42.Griffin-EL, E. W. (2021). Exploring social entrepreneurial boundary spanning for compassion-triggered opportunities. Social Enterprise Journal, 17(3), 398–426. https://doi.org/10.1108/SEJ-06-2020-0047 Hill, A. (2017). Just business: Christian ethics for the marketplace. InterVarsity PressKing James Bible (2017). http://www.kingjamesbibleonline.org/ (Original work published, 1769).Taufek, A. F. A., Suid, K. M. H. K., Bahauddin, M. A., & Idris, Z. (2023). Ethics in Business and Professional Ethics: Guidelines for Responsible Decision Making and Conduct. In Proceedings of 1st Glocal Symposium on Information and Social Sciences (GSISS) 2023 (p. 43). image2.emfMicrosoft_Word_Document1.docx Personality Assesment Students nameSchool of , Author Note I have no known conflict of interest to disclose. Correspondence concerning this article should be addressed to . Email: AbstractStudies show that there are sixteen work personalities. Those personalities are known as the type of table, which the Publisher wrote, Consulting Psychologists Press, Inc. Palo Alto, Ca 94303. It shows how important it is to know identify your work type for a healthy, happy, and fulfilled work environment for yourself and others. Keywords: 2PERSONALITY ASSESSMENT 2Introverts, extroverts, sensors, intuitive Personality Assessment Part 1: Jung and Briggs Myers personality results analysis            My personality test based on Jung and Briggs Myers typology indicated that I have an INTJ (introverted (38 percent), Intuitive (19 percent), thinking (6 percent), and judging (25 percent) type of personality. My results indicate that I have a moderate preference for introversion over extroversion. I have a slight preference for intuition over sensing, a slight preference for thinking over feeling, and a mild preference for judging over perceiving. As INTJ, my primary mode of living is known to be focused intrinsically; I take things and decisions based on my intuition. My secondary way of living is external, where I deal with situations rationally and logically. INTJ is known as masterminds; they live in a world of ideas and plan strategically rather than following their emotions. I value competence, intelligence, and knowledge as an INTJ person, and I have similar expectations to other people I work with currently and in the past. Since I am more of an introvert, I channel my energy into observing the world to generate potential ideas and possibilities which may turn out to be innovative. According to David Keirsey, a psychologist, and developer of the Keirsey Temperament Sorter, nearly 1 to 4 percent of the world’s population has an INTJ personality type. Keirsey’s four temperaments are better known as their subdivided sixteen kinds of personalities. The four-character types, according to Keirsey. The sixteen personality types include guardians, Artisans, Rationales, and Idealists; there are four personality types (Daniel, 2017).  I-introverted            Because I am more introverted at 38 percent, I am less likely to interact with others and share my ideas. I spend much of my time on my mind thinking about new ideas and how to plan strategically. As a result, I usually have little interest in the thoughts and feelings of other people.  Therefore, other people will perceive me as a reserved person who is often isolated and less likely to share ideas. However, I am open to welcoming ideas from other people that I perceive as critical and logical since my primary focus as an INTJ person is to uncover innovations. As an introvert, I prefer working by myself ad strongly prefer solo work to group work. People find it hard to know me because I see little value in social events such as partying and small talk and thus making it difficult for people to get to know me. As a result, I have reserved interaction with a small circle of friends and family members.             A person with INTJ personality traits tends to have difficulty establishing intimate solid relationships. I find it hard to show affection to other people. I do not feel the need to express appreciation to other people. People in a romantic relationship with an INTJ person may feel as they are not loved due to the type rarely showing respect. They are less likely to give positive support and praise as other partners desire, which I know significantly demonstrates in my personality (Daniel, 2017). I do not find it necessary to keep praising my partner, and I rarely use words of affirmation to other people, which makes them think that I am not romantic. In terms of career, I have great interest and passion in pursuing what I live to become more skilled and knowledgeable in my field of study. I have high expectations, and I see it as my responsibility to become the better version of myself.  I -Intuitive            Based on the personality test, my score for intuition was 19 percent. As an intuitive person, I slightly prefer intuition over sensing. I tend to rely on imagination on the potential outcomes rather than sense. I am more focused on tangible facts and more specific results. I tend to discuss and assess different views and options of what the world would look like in the future. I am interested in the future rather than the current moment. For example, I would like to think of where I will be in five years and how that will influence my personal and professional growth. In addition, I tend to exercise my imagination to seek new ideas and possibilities. T-thinking            I have a slight preference for thinking over feeling. According to Keirsey’s four temperaments, my INTJ personality falls under the rational category as a mastermind. Masterminds are planners, self-confident, systematic, utilitarian, willful, and ingenious (Keirsey, n.d). Under planning, they understand the logical outcomes of each move, and their decisions do not influence by the current situation but the consequences of the action. They quickly understand how a particular decision affects the next step. They foresee what will be the outcome of the present action. In addition, masterminds are self-confident and thus quickly make decisions because they believe in their intuitions and knowledge. When it comes to making decisions, I rarely waste time because I am self-confident that I am making the right decision. I have unparalleled certainty of my ability to overcome barriers and achieve excellent outcomes. Furthermore, INTJ’s personality confronts challenges head-on and acts as a stimulant for the mastermind to dig deep to uncover innovations. INTJ personality follows a systematic approach to a problem. In addition, a mastermind believes that every situation exists for a reason, and thus every issue must have a solution. They are interested in using ideas and their utility in reality, not merely concerned about the pictures.            NTS value knowledge and competence over everything else and seek to make sense of the world around them so that they can help improve it. However, they are not generally interested in taking care of details but instead are focused on seeing the big picture, discovering ideas, and recognizing patterns. Other people may find a person with an INTJ personality as a rigid person because they are committed to implementing their ideas. Other people may find it hard to understand a person with an INTJ personality.  J- Judgment            From the personality test, I score 25 percent in judgment. This score implies that I prefer judging over perceiving. For example, I like gathering information from the external world and analyzing it to gather new insights to make informed judgments rather than perceiving a situation.  Part 2: Relationship of various personality types at work            The Myers-Briggs Type Indicator (MBTI) is a practical framework that shows how different personality types work together. A workplace cannot be effective with too many people sharing the same personality. The workplace will not be effective because there are too many of the same character traits, and they do not benefit from different input from people with other character traits. For example, INTJ people are all rational masterminds and not input from a person with ISTP personality traits. An organization with an accurate mixture of different personalities will perform better if it has idealists, rationalists, guardians, and artisans. All these personality types interact to bring out the best results. For example, ENFP personality types are regarded as imaginative motivators, while ENSTJ personality types are considered efficient organizers (Thompson, 2022). As a result, a company needs efficient organizers and creative motivators to perform to its full potential. If an organization only has employees with ESTJ personality type, it will have a workforce full of efficient organizers. However, unfortunately, it will be missing employees with ENFP personality types who are imaginative motivators. Different personality types bring various talents and ensure the team generates a broad spread of ideas and solutions. However, with team members having diverse personality traits can be hard to synchronize the differences into something that can work for the better of the company. However, it is not impossible if all team members respect the boundaries of others. For example, if a person is an introvert and prefers email, approaching their workstations may make them uncomfortable (Kroeger, Thuesen & Rutledge, 2009). It is also imperative to come to people with different personalities in different ways. For example, guardian types prefer facts and patience. Therefore, it is essential to approach the points and have plenty of time for them to make decisions.            Based on the personality test results, I have learned the impacts that my personality type, both positive and negative, can have on an organization. One of the traits I have a person with an INTJ personality type is that I can easily make a decision because I can project the future outcomes, and thus, I am confident with the decision I make. I can predict how the future will unfold, and therefore, I can make strategic decisions for an organization that will place the company in a better position. As a mastermind, I am driven to achieve the result and always watch the long-term consequences of a given action. Therefore, I am now better positioned to avoid decisions that may have adverse outcomes for an organization. INTJs are about strategy, and organizations are about strategic planning. As an INTJ, one of my biggest strengths is strategy. I approach situations in terms of problem-solving by looking at the bigger picture and the outcome of a given case. Businesses miss out because of a lack of visionary leaders who can strategize effectively (Kroeger, Thuesen & Rutledge, 2009). In addition, as an INTJ, I am independent and have self-confidence about myself. Self-confidence helps a leader take more bold moves that can take the organization far ahead. However, one of the weaknesses of INTJs is that they like working in solitary; this can be a disadvantage, especially for projects that require teamwork. I prefer working on projects alone. However, it can be hard when I am supposed to team with other employees to complete a task.  References Kroeger, O., Thuesen, J. M., & Rutledge, H. (2009).  Type talk at work (revised): How the 16 personality types determine your success on the job. Delta. Thompson, J. (2022). How to work with all the Myers-Briggs personality types. https://www.atlassian.com/blog/leadership/every-myers-briggs-personality-type Keirsey. (n.d). Learn about the rational mastermind. https://keirsey.com/temperament/rational- mastermind/ Daniel. (2017). Keirsey temperaments. https://www.personalityclub.com/blog/keirsey- temperaments/ image3.emfMicrosoft_Word_Document2.docx

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The Great Inventory Correction

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reply to 2 of your peers.  

Each reply must demonstrate a substantive discussion and facilitate discussion among participants.

 student must then post 2 replies of at least 250 words  

For each thread, students must support their assertions with at least 2 peer-reviewed journal articles in current APA format. The thread must include a reference list, and each question/answer must be delineated under an APA heading. Each reply must demonstrate a substantive discussion.

Discussion Thread: The Great Inventory Correction

Sylvia Lloyd

School of Business, Liberty University

Author Note

Sylvia Lloyd

I have no known conflict of interest to disclose.

Correspondence concerning this article should be addressed to

Sylvia Lloyd. Email: salloyd2@liberty.edu

2

DISCUSSION THREAD: THE GREAT INVENTORY CORRECTION 2

Discussion Thread: The Great Inventory Correction

The external environment is dynamic and ever-changing. The supply-chain industry is not exempt from these changes as customer demand fluctuates or disruptions occur within the supply chain. These issues, along with a competitive environment, require businesses to focus on finding ways to optimize their revenue. In addition to managing cash flow, controlling inventory costs is essential. Remco (2020) posited that management resiliency when dealing with issues in the supply chain helps to lower the negative impact of disruptions that may occur. This discussion will review the changes three businesses made to counter inventory issues.

Altera’s Modified Strategy

Because of a decrease in customer demand, Altera changed its inventory process. As part of the change, the company decided to delay the production of its components by storing them rather than “packaging and testing” them (Simchi-Levi et al., 2021, p. 188). They would then resume testing and ship the components only after verifying an order. Regarding their “mature” (p. 188) parts, Altera would build those as ordered. Lastly, they discontinued producing their products without having a customer purchase them. They would now require an order before creating a product. The changes were necessary because Altera had excess inventory on hand due to a decrease in customer demand. As a result, the company had to write off over a hundred million dollars worth of inventory, which affected its profitability.

Assessment of Altera’s New Strategy

I agree that Altera’s new strategy using dies will be successful, as previous studies on inventory management strategies support this assessment. Kim et al. (2022) discuss steps similar to Alera delaying its production and refer to it as a postponement strategy. The authors mentioned that postponing the production of dies is effective as it helps a business have less inventory. This method is advantageous because it allows a manufacturer to contain its expenses as it reduces or eliminates excess inventory. They said that implementing a system using dies to store products promotes responsiveness whenever there is a change in demand. Also, Rau et al. (2021) noted that a postponement strategy allows a business to better manage in times of uncertainty.

A disadvantage of postponing the production of items is that only products are available once they are created (Kim et al., 2022). The postponement method is an example of what Simchi-Levi et al. (2021) discussed, as they mentioned the “push-pull supply chain” method (p. 174). A drawback mentioned was that it could be challenging to implement when lead times are longer.

Assessment of Customers’ Reaction to New Strategy

Altera’s customers may initially not understand the new strategy, as change is often complicated, and people resist it. A disadvantage could be a decrease in customer satisfaction as they may panic because products will not be ready for them immediately, and an order must be completed first. An advantage of the new strategy is cost savings for the customers because Altera will no longer have the expense of storing inventory.

Information Flextronics Possesses Over its Clients

Flextronics had historical information on inventory and the items they produced (Simchi-Levi et al., 2021). They had this information as they did business with several clients. Their vice president commented on other companies that experienced issues going through the supply chain cycle as he said they failed to review historical information.

Leveraging the Information

Flextronics can use the information to leverage its ability to forecast customer demand. Bedi and Toshniwal (2019) said that using historical data and current observations aids in better prediction. If Flextronics successfully forecasts customer demand, it could aid in decreasing its inventory-related expenses.

IBM’s Management of its Suppliers for an Effective Pull Strategy

IBM manages its suppliers by working with a small number of suppliers, each assigned based on the product type (Simchi-Levi et al., 2021). Because the pull strategy is based on verified demand, costs are lower as inventory levels are reduced (Simchi-Levi et al., 2021; Xanthopoulos & Koulouriotis, 2021). Because they work with fewer suppliers, IBM can also manage their resources better, as Simchi-Levi et al. (2021) indicated this advantage.

References

Bedi, J., & Toshniwal, D. (2019). Deep learning framework to forecast electricity demand.  Applied Energy, 238, 1312-1326.  https://doi.org/10.1016/j.apenergy.2019.01.113

Kim, D., Park, Y. S., Kim, H. W., Park, K. S., & Moon, I. K. (2022). Inventory policy for postponement strategy in the semiconductor industry with a die bank.  Simulation Modelling Practice and Theory, 117, 102498.  https://doi.org/10.1016/j.simpat.2022.102498

Rau, H., Daniel Budiman, S., & Monteiro, C. N. (2021). Improving the sustainability of a reverse supply chain system under demand uncertainty by using postponement strategies.  Waste Management (Elmsford), 131, 72-87.  https://doi.org/10.1016/j.wasman.2021.05.018

Remko, V. H. (2020). Research opportunities for a more resilient post-COVID-19 supply chain – closing the gap between research findings and industry practice. International Journal of Operations & Production Management, 40(4), 341-355.  https://doi.org/10.1108/IJOPM-03-2020-0165

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2021). Designing and managing the supply chain: Concepts, strategies, and case studies [E-Book]. In McGraw-Hill eBooks (4th ed.). McGraw Hill.

Xanthopoulos, A. S., & Koulouriotis, D. E. (2021). A comparative study of different pull control strategies in multi-product manufacturing systems using discrete event simulation.  Advances in Production Engineering & Management, 16(4), 473-484.  https://doi.org/10.14743/apem2021.4.414

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