Adjusting entries

QUESTION 2: How did Fayol divide the activities of an industry? Elaborate on the 14 general principles of management suggested by Henry Fayol. ANSWER: Henry Fayol divided the activities of an industry based on five functions, which are as follows: • Planning • Organizing • Commanding • Coordinating • Controlling 1) Planning: A good plan of action ought to be versatile, continuous, relevant and correct because it unifies the organization by that specialize in the character, priorities, and…

industry. A fragmented industry is one in which there are large amounts of small and medium sized companies. With this industry, the opposite is present. This industry is comprised of a small number of large retail chains that would make the barriers to entry very high due to startup costs and capital investments. Also, economies of scale would make it difficult to enter this industry because…

Competitive Rivalry or Competition with Unilever Rivalry is a noteworthy power in Unilever's industry condition. This area of the Five Forces examination recognizes the outer elements that present the effect of firms on each other. The solid power of focused competition against Unilever depends on the accompanying outer elements and their powers • High number of firms • High aggressiveness of firms • Low switching costs There are numerous organizations working in the customer merchandise…

pointing for identifying the company’s strengths and weaknesses by looking at the industry and itself. This model was developed initially for brick-and-mortar entities; it provides an analysis of the consumer, supplier, new markets, competitors market entry and product domination and substitutes (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012). Each of the five (5) elements of Porter’s competitive forces…

The book Annie John follows a young girl as she is forced to mature through the many trials and betrayals she faces. As a young girl Annie lives her life as the shadow of her mother, spending each day trying to imitate her. When Annie’s mother rejects her worship, stating that Annie has to be her own person, her whole world is turned upside down by this betrayal. Almost everything about Annie changes, and continues to depend on her relationship with her mother. Annie’s idea of the world becomes…

Five Forces Analysis Internal Rivalry Internal rivalry within the outdoor recreation retail industry is moderate to high. The industry consists of many sellers resulting in high competition. However, majority of the market share is owned by large companies such as Cabela’s, Dick’s Sporting Goods, Big Five Sporting Goods, and Hibbit’s.1 Smaller companies reside within the industry too but they have trouble competing with larger company’s prices. The larger companies have lower profit…

Virgin Mobile USA: Pricing for the Very First Time Sudarshan Bangalore RSM 392: Strategic Management 100128512 . This paper analyzes the entry pricing strategy of Virgin Mobile U.S.A., the subsidiary of U.K. based telecom conglomerate, Virgin Mobile U.K. Virgin Mobile U.K. has a history of brand extensions and previously tried a Singapore entry but failed. Their new endeavor, Virgin Mobile U.S.A. (“Virgin”) formed U.S.A.’s first mobile virtual network operator in a joint venture with Sprint…

arrangement for a CCRC normally comprises of a monthly fee and an entrance fee. These fees are based on the size of self-governing living unit and charge a sizeable one-time entrance fee. This entrance fee may or may not be refundable. Regarding the entry barriers, they may require a health screening before one can move into the independent living unit. Some allow married couples to move in even if one spouse requires some care… The CMC has awarded CCRC a national accreditation and the goal of…

analysis has five key components that make it up which are Supplier Power, Buyer Power, Threat of New Entry, Threat of Substitution, and Industry Rivalry. Industry Rivalry There is a higher degree of competitive rivalry among wholesale clubs, mainly because they are four powerful competitors in the market share. The limited…

buyers 3. The bargaining power of suppliers 4. The threat of substitute products and services 5. The intensity of rivalry among competitors in an industry The first force, the threat of new entrants is related to how strong the existing barriers to entry for potential players in an industry (Dess et al., 2014, chapter 2). If a new player in an industry is expecting a strong resistance from more established…