Saturday, December 28, 2019

Benefits Of Using Generic Drugs For Cancer And Autoimmune...

In 2014, it was estimated that Americans spent over $373 billion on pharmaceuticals, which is an increase of 13 percent and considered the highest increase since 2001. With the Affordable Care Act in place, it is estimated that patients filled approximately 24 percent more prescriptions in 2014 than in 2013. There are several reasons to account for this spending growth. The first is the increased spending of $20 billion on new medication brands. Secondly, over 161,000 people started treatment for hepatitis C treatment, which is approximately ten times more than the previous year. The third reason is an increase for recent innovative treatment for cancer and autoimmune diseases (IMShealth.com, 2015). With health care spending continuing to rise, Americans have at least three options to help reduce out-of-pocket expenses. Cost-saving methods include switching from brand name drugs to generic medications, discussing potential alternative medications that are less expensive with healthcare providers, and rallying lawmaker to change current laws to restrict the amount pharmaceutical companies can charge for medications. Generic Drugs In 2012, the Food and Drug Administration (FDA) reported that in 2004, the â€Å"average price for generic prescription drug was $28.74, while the average price of a brand-name prescription drug was $96.01.† The FDA recognizes that the high price of medications puts the public at a high health risk. To help Americans be able to have access

Friday, December 20, 2019

Benefits And Benefits Of Employee Benefits Essay - 1422 Words

Believe it or not, when the phrase employee benefits is mentioned there are many different perspectives from various angles as to what exactly employee benefits entail. Some perspectives are, but not limited to, what is deemed an employee benefit, what benefits are required by law to be given to employees, benefits that employees might feel are superior, and whether or not benefits provide value to the employer. For clarification purposes Alison Doyle offers this, â€Å"Employee benefits are non-salary compensation that can vary from company to company. Benefits are indirect and non-cash payments within a compensation package. They are provided by organizations in addition to salary to create a competitive package for the potential employee.† (Doyle, 2016, para. 3). Essentially, this can be taken to mean that employee benefits may be in the form of monetary compensation or still compensation, but without monetary payment to the employee. Examples of employee benefits include, competitive compensation plans, pay for performance packages, flexible work hours policies, and medical leave, which is illustrated in the following scenarios. As an illustration of what some individuals might deem one of the most important components of employee benefits, surround the need to revamp a compensation plan for a franchised restaurant establishment. Paying employees fairly for the service provided is very important in a business’s ability to remain competitive. To yield this result a businessShow MoreRelatedBenefits And Benefits Of Employee Benefits1957 Words   |  8 PagesEmployee benefits are an important component of compensation for many US employees. Approximately 30% of worker compensation comes in the form of fringe benefits, and benefits have been linked to increased productivity and worker satisfaction, and reduced absenteeism (Artz, 2010). While health and life insurance are common benefits provided to employees, firms also offer EAP programs, child care, flexible work hours, work-at-home programs, long-term disability insurance, and health and wellnessRead MoreBenefits And Benefits Of Employee Benefits1195 Words   |  5 PagesEmployee benefits coordinator play a significant role in Human Resource Management. Employee Benefits coordinators are responsible for assisting with employee benefits, maintaining employee data base, managing all insurance billings and maintain employee files, sick pay, vacation and retirement. This study explores the importance of employee benefits to corporations, government agencies and non profit organizations. This paper also researches the effects on the management team and on individual employees’Read MoreBenefits And Benefits Of Employee Benefits Essay1156 Words   |  5 Pages Employee benefits are all forms of consideration given by an enterprise in place of service rendered by employees. Post employment benefits are employee benefits which are payable after the employment period is completed. Profit sharing bonus payment: an organisation should observe the future cost of profit sharing and bonus payments only if the organisation has a present obligation to make these payments based on the result of past events. A trustworthy assessment of the obligation can be madeRead MoreBenefits And Benefits Of Employee Benefits1847 Words   |  8 PagesI’ve chosen the topic of employee benefits and the varying considerations given to benefits as part of total compensation around the globe. What are the issues to be considered? What about the MNE employee? The content of this paper includes key excerpts and a condensation (compacted by 80%) of current knowledge regarding the administration of employee benefits as published by McGraw-Hill 2011 in â€Å"The Handbook of Employee Benefits: Health and Group Benefits, 7th Edition. Jerry S. RosenbloomRead MoreBenefits And Benefits Of Employee Satisfaction1611 Words   |  7 PagesBenefits play a major role towards employee satisfaction and how they behave in an organization. Employee satisfaction is necessary for the success of any organization. Keeping employee satisfaction should be a priority for every employer. There are many reasons why an employee can become discouraged with their jobs. Some include: lack of communication within the organization, high stress levels, lack of recognition, or limit opportunity for growth. Health insurance is one benefit in the foundationRead MoreBenefits And Rewards For Employee Benefits1785 Words   |  8 PagesEmployee benefits are an essential component of an organization’s total rewards strategy. Today companies design benefits packages that are unique and rewarding in order to attract and retain talented workers. In fact, employee benefits have evolved significantly over the years. Employee benefits are no longer just the basics, such as healthcare and retirement plans. Organizations are now expanding their benefits and rewards offerings to include creative perquisites, such as onsite childcare, flexibleRead MoreEmployee Benefit Plan Development : Employee Benefits Essay1508 Words   |  7 PagesEmployee Benefit Plan Development â€Å"Understanding your employee’s perspective can go a long way towards increasing productivity and happiness† – Kathryn Minshew, founder of The Muse. In today’s highly competitive and robust job market, benefit programs have become an integral aspect of an employer’s total compensation package. In fact, an employer’s total benefit package plays just an important role in attracting and retaining talent for organizations as monetary compensation, according to a recentRead MoreEmployee Compensation And Benefits Package Essay905 Words   |  4 PagesIntroduction – Employee Compensation and Benefits This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describe the organization I chose for designating a compensation package. Next, this paper will develop an employee compensation and benefits package for this new position. This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describeRead MoreEmployee Compensation And Benefits Packages Essay1245 Words   |  5 PagesEmployee Compensation and Benefits Organizations create compensation and benefits packages in order to attract the best talent. In today’s global economy it is imperative that organizations offer compensation packages that are competitive in order to recruit the very best talent in the world. However, in order to be successful, compensation packages must align with business strategies. Authors â€Å"Mathis, Jackson, and Valentine (2014) explain that an effective total rewards approach balances theRead MoreEmployee Benefit And Welfare Activities Essay1490 Words   |  6 PagesEmployee benefit and welfare activities The responses received are tabulated and analysis is done to determine the result. Table no: 4.01- Employee benefit and welfare activities Particular Percentage No. Of Respondents Yes 98.7 148 No 1.3 02 Chart no: 4.01- Employee benefit and welfare activities Analysis: The above table shows that 98.7% of the respondents accept that the organisation provides them with the employee benefit and welfare activities, which is one positive result for the study

Thursday, December 12, 2019

Strategy of Starbucks Company & Apple Inc-Free-Samples for Students

Question: Discuss about the CompetitiveStrategy of Starbucks Company Apple Inc. Answer: Starbucks Company Starbucks is a food and beverages services provider firm who is currently managing its business worldwide. The company is famous for providing high-quality coffee to coffee lovers. The company diversified its business to 70 countries by opening 24,000 stores (Starbucks 2017). The company is famous for delivering best coffee along with good and satisfactory services to its customers. The reason for selecting Starbuck Company in analyzing the organization excellence is that the company has initiated many projects for development and increasing the efficiency of the company. Also if asked with the target audience for their preference, major segment of the society will vote for Starbucks being their first choice; which shows that Starbucks is widely appreciated and used by them (Starbucks 2017). The mission and vision of the company suggest that the company wants to achieve leadership in all facets of the business by providing pleasant and satisfactory services to its stakeholder. For the same purpose, Starbucks initiated an innovative strategy in order to excel in their existing business. The company commenced the strategy by initiating following steps: Firstly Starbucks identified a few questions in their organization and then focused on making strategy by solving the questions (Trefis Team 2016), which are: Where do we compete: this identified the target market and other environmental factors under which the company is going to prevailing in the market. Further the company analyzed the market conditions under which they were entering; also they looked after the geographic advantages and disadvantages which would help the market in future for achieving the goal and objectives. For the purpose of attainment of organization objective, it is a mandatory procedure for the company to gain adequate knowledge about their product and the market in which they are (Galliers, Leidner 2014). What unique value does the company input in their product in order to gain market capitalization: for a company to differentiate themselves in the market, the need to initiate their unique selling proposition. USP refers to that product differentiation aspect which is not present in any other similar product in the market. Due to this quality the product is being highly sold in the market. Thus, the company Starbucks focused on selling coffee made of rick coffee beans which attracted many customers. Due to the richness in taste of the coffee, customers started using their product which made the company gain the market capitalization (Starbucks 2017). Resource and capabilities: the company optimized their input properly in order to generate output for the company. Resources of the company such as efficient human resource and networking system etc. are used to achieve profits. Human resource helped the company in achieving the target by working efficiently and effectively. Also social media helped he company in delivering the services on time and seek for customer feedback. Feedbacks gave the company a path to follow and gain mission. How to sustain USP: in order to maintain the market share, the company took steps to sustain in the market. Such as, the company introduced various vouchers and gift in order to keep the interest of the customer in the company. Also, the company updated their menu to maintain their specialization in the market (Peng, Wang, Jiang 2008). Apple Inc. Apple Inc. is a multinational company who serves electronics to the customers worldwide. It is the world largest information technology company which works under a wide network of 498 retail stores in 22 countries. The reason for choosing Apple Inc. is that the company gave a new innovative phase to the technological world. Also currently apple is gaining market capitalization because of its efficient and innovative business model (Slack 2015). The company is perceived to excellent the technology industry due to its leadership traits and product differentiation in the market which attracts the customers to buy their products; this leads to the growth of the company in the market (Hahn, Kolk, Winn 2010). For the purpose of efficient working in the system along with maximization of profit, the company adopted the razor and blade framework back in the year 2001. Razor and blade framework refers to strategy model under which the company provides certain complementary advantages to the customers apart from their main business line product. Such as the company apple sold its products at a minimum range (to make it economical for the customers) and then earn revenue from the accessories (Dormehl 2015). Like, the apple watches uses high tech spin in this case, the company smartly use this technology to earn revenue with maximum profit. The company sells watches with minimum profit margin and the buyers also prefer to purchase the various band for the watches. The company increases the cost of the band and earns high revenue with it (Andersson et. al., 2015). For instance, the sports band which cost around $2.05 to the company is sold for $49. So, in this way the company applies the razor and blade strategy and earns the profit. Other ways through which this tool is used by the company is that, the company sells iPhones at a minimum profit margin and earns revenue from iTunes and other application installed in the phone (PatentlyApple 2015). Per song, the company earns 65 cents per song. Through this technique the company lures the customers to buy the product at cheap prices. Also, the model cannot be imitated by any other competitor in the market as in the Apple Inc. All the depart ments are interlinked with each other (complex design) resulting to which profits of the company is shared by all (Peng, Wang, Jiang 2008). The razor and blade is an innovative as well as aggressive business technique used by the company to gain profit. Perhaps the Apple Inc. uses this technique efficiently to sell all its products in the market along by gaining the satisfaction of the customers. It becomes easy for the customers to purchase the product at cheap prices and company also gains profit by providing them additional services with maximum profit margins (PatentlyApple 2015). Thus it can be said that the company optimally uses all the resources provided to it along with effective management strategy in order to gain market capitalization and satisfaction of customers. References Andersson, U., Gaur, A., Mudambi, R. Persson, M., 2015. Unpacking interunit knowledge transfer in multinational enterprises. Global Strategy Journal, 5(3), pp.241-255. Dormehl, L, 2015, Forget the Apple Watch, extra bands are where the big profit is, viewed on August 5, 2017 from https://www.cultofmac.com/326702/razor-blade-business-model-giving-apple-an-edge-on-watch-bands/ Galliers, R.D. Leidner, D.E. eds., 2014. Strategic information management: challenges and strategies in managing information systems. Routledge. Hahn, T., Kolk, A. Winn, M., 2010. A new future for business? Rethinking management theory and business strategy. Business Society, 49(3), pp.385-401. PatentlyApple, 2015, Apple's High-Tech Spin on the Razor-Blade Business Model is Paying Big Profits with Apple Watch Bands, viewed on August 5, 2017 from https://www.patentlyapple.com/patently-apple/2015/06/apples-high-tech-spin-on-the-razor-blade-business-model-is-paying-big-profits-with-apple-watch-bands.html Peng, M.W., Wang, D.Y. Jiang, Y., 2008. An institution-based view of international business strategy: A focus on emerging economies. Journal of international business studies, 39(5), pp.920-936. Slack, N., 2015. Operations strategy. John Wiley Sons, Ltd. Starbucks, 2017, Company Information, viewed on August 5, 2017 from https://www.starbucks.com/about-us/company-information Starbucks, 2017, Starbucks Company Profile, viewed on August 5, 2017 from https://www.starbucks.com/about-us/company-information/starbucks-company-profile Teece, D.J., 2010. Business models, business strategy and innovation. Long range planning, 43(2), pp.172-194. Trefis Team, 2016, Let's Look At Starbucks' Growth Strategy, viewed on August 5, 2017 from https://www.forbes.com/sites/greatspeculations/2016/09/19/lets-look-at-starbucks-growth-strategy/#57d3172a3d71

Thursday, December 5, 2019

Narrative Interview for Food and Resources- myassignmenthelp.com

Question: Discuss about theNarrative Interview for Food, Resources and Conflict. Answer: Australia is one of the mixed developed economy that has an ever evolving primary sector, which contributes almost 12% to the countrys GDP, however the growth of the secondary and tertiary sectors has faded out its importance to the economy (Sheng et al. 2017). However, fluctuation in the price of the agricultural product during the Global Financial Crisis session during 2007 to 2008 around the world, it gained much amount of focus. Plunging price of the food crops around the world has attracted minds of the many researchers for detailed analysis of the phenomenon. However, presently, Australian economy has been facing massive boom through the rise in crop production in both part of the nation and along with the increased nut production. Under this situation, this narrative interview is aimed to provide a brief overview of the World Food Crisis that took place during 2007 to 2008 around the world and its impact on the Australian economy (Hendrix and Haggard 2015). For this purpose, t his report is aimed to interview Robert Ruwoldt, who is Australian Year of The Farmer winner of 2011 and he is presently on f the best person in the country who has firsthand data regarding the impact of the agricultural crisis of 2008 (Lawson 2018). According to same source, besides this, with wife Wendy, Daughter-in-law Katie and son Justin, has survived the dwindling market situation of the 2007 to 2008 that makes him the ideal person to be interviewed for this report. During interview Robert Ruwoldt stated that he was the farmer of the year 2011 in Australia who grows pulses, canola and cereals on his land with his other family member who are his wife, son and daughter-in-law that makes the farming a family business for him. He stated that they grow crop not for subsistence farming rather it is the main source of income for his family. Within the 380 hector of land they produces various crash crops and it presently earns them a substantial amount of fund to live (Spivack 2012). However, once the interviewee was asked about the situation of the 2008 World Food Price Crisis was asked, he argued, that was one of the worse situation for the Australian agricultural sector, when the demand fell to the lowest point over the last two decade. It affected the family hardly, because their income fell by 45% compared to the 2006 situation, when the demand was highest and the income for the family was relatively much higher compared to the situation of World F ood crop Price rise (Lawson 2018). Consumers were facing lower economic development in the country as compared to the other developed nations like US, UK and others due to the fact that Australia used to import much amount of food crop from the developing countries at lower cost, which was stopped due to the certain sanctions by the developed nations (Atkins 2016). It reduced the CPI as well as the development index of the country and the rising price of the food crops reduced the consumer surplus that hampered the fall in demand and it in turn reduced the producers welfare too as opined by the interviewee (Reserve Bank of Australia 2018). According to the words of the interviewee there has been huge political as well as the economic impact due to the rise in the World Food Price Index. One of the radical impact of this phenomenon can be seen from the fall in the demand of the Australian food crops in the world as well as in the domestic market. Robert Ruwoldt argued that rise in the price of the corn prices in the Australia has affected the cattle industry of the country badly. With the rise in the corn, there was rise in the feedstock for the country that has hampered the overall economy too (Beghin 2014). According the words of the Robert Ruwoldt food is the new oil and new gold is the soil. Thus absence of the adequate food at equilibrium price, where the demand and supply equate with each other lead to political turmoil in the various countries too. When it comes to the case of the Australia, there has been riots in various areas of the country for the governmental interfere to control the market situation; howeve r, government failed to do so. Considering the response of the interviewee it can be stated that there were various interesting thing has come up. According to the Robert Ruwoldt, the interview, each there is more than 219,000 additional plates every day at dinner table that has been providing much amount pressure on the economy of the land (McCarthy 2012). Rising demand has made the farms unable to withstand against the certain shock in the market. In addition to this, shifting of focus of the states from primary sector towards the secondary and tertiary sector has hampered the economy of the agricultural sector too. From the interview of the Robert Ruwoldt it has been found that though the Australian agricultural sector has been performing really well, however, it has failed to entice the market effectively. According to my belief, rise in the import of the agricultural product from the developing nations, governments of the respective developed countries like Australia imposed import restriction, that plunged the price in the global context. In addition to this, I believe that the restriction on export of the cash crops to the developing nations from the developed nations under the considerable amount of complicated policies make the market volatile where the trust of the investors on the market was reduced by a large extent. This further caused fall in the demand and lead the economy to face higher price level. Considering the perspective of the interview it can be stated that the agricultural sector of the Australia faced a crippling blow due to the rising pricing because it has caused rise in the price and fall in the consumer as well as the producer surplus through the fall in the demand. Thus from the present narrative interview I have learned how interview can be made on the topics which are related to the economics and in addition it has also been learned by me that how to think differently for the different type of interview so as to interact with the different interviewee in interactive way to get much amount of details from the interviewee. Reference: Beghin, J., Bureau, J.C. and Gohin, A., 2014, November. The Impact of an EU-US TTIP Agreement on Biofuel and Feedstock Markets. In International Agricultural Trades Research Consortium, Annual Meeting: Food, Resources and Conflict. Hendrix, C.S. and Haggard, S., 2015. Global food prices, regime type, and urban unrest in the developing world. Journal of Peace Research, 52(2), pp.143-157. Lawson, A. (2018). Victorian innovator sets sight on N efficiency. [online] Grains Research and Development Corporation. Available at: https://grdc.com.au/resources-and-publications/groundcover/ground-cover-issue-122-may-jun-2016/victorian-innovator-sets-sight-on-n-efficiency [Accessed 30 Apr. 2018]. McCarthy, J. (2012). Leaders urged to heed global food crisis warning. [online] ABC News. Available at: https://www.abc.net.au/news/2012-08-15/an-food-security-feature/4199736 [Accessed 30 Apr. 2018]. Reserve Bank of Australia. (2018). Developments in Global Food Prices. [online] Available at: https://www.rba.gov.au/publications/bulletin/2011/mar/3.html [Accessed 30 Apr. 2018]. Sheng, Y., Jackson, T., Zhao, S. and Zhang, D., 2017. Measuring Output, Input and Total Factor Productivity in Australian Agriculture: An Industry?Level Analysis. Review of Income and Wealth, 63(s1). Spivack, J. (2012). 2007-2008 Food Crisis: Causes, Responses, and Lessons Learned. [online] Nourishing the Planet. Available at: https://blogs.worldwatch.org/nourishingtheplanet/2007-2008-food-crisis-causes-responses-and-lessons-learned/ [Accessed 30 Apr. 2018].