According to James A. Brickley. Clifford W Smith, Jr. and Jerold L. Zimmerman (2016) Managerial Economics and Organizational Architecture (6th Ed.) McGraw Hill Publishing. ISBN: 978-0-07-352314-9 Please answer the following questions Case Study: “Societe Generale” Chapter 1, pages 11-12. 1) Do you agree with Societe Generale’s CEO that Kerviel’s actions were “irrational”? 2) Discuss how the bank’s organizational architecture contributed to the problem. 3) What lessons might you learn from this case if you were an executive at another bank?
Category: Economics
Environmental Economics
The term paper for this course is an open-ended assignment that is intended to sharpen your writing, research and critical analysis skills. The project is designed to ensure that you are familiar with the process of conducting online research on an issue related to environmental economics and compiling a report based on that research using concepts and theories learned in class. The paper should focus on a topic of your choosing related to material covered in the course. The paper should have a strong economic focus and should use economic data and/or reasoning to support your analysis and assertions. Possible topics include:
• Economics of alternative energy (wind, solar, etc.)
• Market-based approaches to conservation
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For a custom paper on the above topic or any other topic, place your order now!
What Awaits you:
• On-time delivery guarantee
• Masters and PhD-level writers
For a custom paper on the above topic or any other topic, place your order now!
What Awaits you:
• On-time delivery guarantee
• Masters and PhD-level writers
Schools of Economic thought
You will create a product that will compare and contrast the 5 great schools of economic
thought. Classical, Keynesian, Monetarists, New/Neo Classical, and New/Neo Keynesian. You need to
write regarding the following for each of the schools. Summary of beliefs unique to the school, big
names associated with the school and why those names are significant, legacy of the school (how the
beliefs show up today), Criticisms of the school (things that perhaps they got or get wrong), anything
else you find interesting or engaging but still relevant.
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Car Class Project Report
Description
1. Analyze the rise and operations of General Motors up to 1945. Why did the company go bankrupt twice prior to 1920? How did such an unlikely firm transform itself into the market leader and a model for American industry by the end of World War II? How did it compete against Fordism? How and why was GM regarded as the most innovative firm in the world car industry? 2. Analyze the rise of the Chrysler.
How did the firm compete against Ford and General Motors? What were its competitive disadvantages and advantages? How and why did Chrysler emerge to be a market force? In what ways did Chrysler disrupt the market? ~1000 words per question. Only two questions.
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Monopolies or Oligopolies
Description
For this assignment, you must use detailed statistical data, researched information and financial or economic theories to support the arguments that you will present in your text. Research an issue related to Monopolies or Oligopolies which has negatively impacted the economy of a particular country or region of your choosing in the past or in the present. You should include all of the following in your text, but can choose to incorporate more information so as to provide a more complete response: Very briefly describe a Monopoly, Oligopoly, Monopoly industry or Oligopoly industry operating in the country or the region of your choice. You must use statistical data and factual information to address this question.
Briefly describe the issue caused by that Monopoly, Oligopoly, Monopoly industry or Oligopoly industry in the country or region that you chose. You must integrate at least two economic concepts acquired in this class to explain how the Monopoly, Oligopoly, Monopoly industry or Oligopoly industry negatively impacted the country or region that you chose. You can use graphs or equations to relate the theory that you chose.
Use the knowledge acquired in this class to make a normative assessment and propose a policy recommendation that you believe would help to mitigate the adverse impact(s) of the Monopoly, Oligopoly, Monopoly industry or Oligopoly industry on the country or region that you chose. (This last question will account for a significant portion of your Discussion Forum grade) General Instructions You must integrate some economic theories learned in class and apply them to your analysis.
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How does this innovation also help in demand management?
Rewrite the answer and no plagiarism
Also add references…
Chapter 5, Application Problem 3
The following discussion describes a new inventory system used by J. C. Penney39: 39 Gabriel Kahn, “Made to Measure: Invisible Supplier Has Penney’s Shirts All Buttoned Up,” Wall Street Journal, September 11, 2003.
In an industry where the goal is rapid turnaround of merchandise, J.C. Penney stores now hold almost no extra inventory of house-brand shirts. Less than a decade ago, Penney would have stored thousands of them in warehouses across the U.S., tying up capital and slowly going out of style.
The entire program is designed and operated by TAL Apparel Ltd., a closely held Hong Kong shirt maker. TAL collects point-of-sale data for Penney’s shirts directly from its stores in North America for analysis through a computer model it designed. The Hong Kong company then decides how many shirts to make, and in what styles, colors, and sizes. The manufacturer sends the shirts directly to each Penney store, bypassing the retailer’s warehouses and corporate decision makers.
a. Discuss how this case illustrates the concept of the opportunity cost of capital.
b. How does this innovation also help in demand management?
Chapter 6, Application Problem 1
Discuss how the examples in the opening case show how the choices facing a firm making a long-run decision on plant location are much greater than those for a firm with a plant already in operation. Why is the long run considered to be a planning horizon?
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Explain what types of biases arise in the different approaches to understanding consumer demand
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Answer the following “Application Questions” from your Farnham text.
Chapter 3, Application Problem 6
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall? Illustrate your answer with examples from this chapter.
Chapter 4, Application Problem 3
Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.
References…
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Discuss how price elasticity of demand influences the pricing strategies of Linear Technology Corp
Rewrite the answer and no plagiarism
also add references….
Chapter 9, Application Problem 2
The following paragraphs provide a description of the competition between Home Depot and Lowe’s on selling flowering plants:41 41 Miguel Bustillo, “The Garden Gloves Come Off—Big Box Retailers Battle to Engineer Prettier, Sturdier, Longer-Lasting Blooms,” Wall Street Journal (Online) April 27, 2011.
In the spring Home Depot and Lowe’s engage in an annual arms race to engineer and develop new scientifically altered versions of common flowering plants that are designed to bloom brighter or withstand neglect longer. The goal in particular is “to sell something the other guy doesn’t.”
Home Depot is the world’s largest home-improvement chain with $68 billion in annual revenue, while Lowe’s is the second-largest with $49 billion in annual revenue. Although spring is the peak selling season for all merchandise, plants and trees are used to entice consumers into the stores.
Analysts estimate that for every dollar customers spend on plants, they spend $3 on accessories such as hoses, shovels, and gloves. Both companies employ weather forecasters to advise them on when plants should appear in stores in different parts of the country.
Lowe’s uses a team of Ph.D. horticulturalists to choose among a thousand possible blooms developed by breeders around the world. After determining how the plants grow in different climates, the growers test mass production of hundreds and then thousands of plants. Both retailers try to secure exclusive rights to popular new varieties, although sometimes they are exclusive in name only.
Lowe’s uses a greenhouse complex in Huntersville, NC to grow plants and conduct consumer focus groups where customers can identify the flower varieties they most admire. Home Depot uses another greenhouse complex in Mills River, NC, two hours west, for the same purpose.
Discuss how the oligopoly models presented in this chapter apply to the behavior of Home Depot and Lowe’s.
Chapter 10, Application Problem 3
The following discussion pertains to the pricing policies of Linear Technology Corp.:65 65 George Anders, “In a Tech Backwater, a Profit Fortress Rises,” Wall Street Journal, July 10, 2007.
The semiconductor industry Linear Technology Corp. has maintained strong profitability by operating at the fringes where competition is low and margins are high.
This midsize company makes 7,500 arcane, unglamorous products that solve real-world problems for a long list of customers, including analog chips that are too cheap for customers to haggle over, but perform chores too important to ignore. Many of Linear’s chips cost less than 50 cents to build and sell for three to four times as much, but customers seldom complain about the markup.
Linear made a 39% profit on its $1.1 billion sales in 2006, more than five times the average for U.S. industrial companies. However, other bigger chip makers, including Texas Instruments Inc., Richtek Technology Corp. of Taiwan, and Freescale Semiconductor Inc. of Austin, Texas, are now moving into the market and others may follow suit. Unlike in the digital chip world, in which a single winning design bought by a few big customers can yield huge profits, Linear would rather see its order book packed with small to midsize orders from companies too busy to haggle over prices. Intermec Inc., which makes mobile data scanners, uses Linear chips to obtain extra life from its devices’ batteries. The chips’ total cost is less than 5% of the materials budget. Performance is crucial for this company; price is not.
Traditionally the dozen or so major analog chip companies have tiptoed around one another’s product lines, helping keep profit margins high. Each company established its strength decades ago, making it easy to extend existing product families and deepen relations with longtime customers. “We chip away a little at each others’ specialties,” says Jerald Fishman, chief executive of Analog Devices. “But there isn’t a lot of direct competition.”
a. Discuss how price elasticity of demand influences the pricing strategies of Linear Technology Corp. What market model best describes this industry? Explain.
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Discuss the role of consumer demand in influencing Parker Pen’s strategies.
Rewrite the answer and no plagiarism
Add references….
Chapter 7, Application Problem 3
The following facts characterize the furniture industry in the United States:39
39 James R. Hagerty and Robert Berner, “Ever Wondered Why Furniture Shopping Can Be Such a Pain?” Wall Street Journal, November 2, 1998; Dan Morse, “U.S. Furniture Makers Seek Tariffs on Chinese Imports,” Wall Street Journal, November 3, 2003; and Mark H. Drayse, “Globalization and Regional Change in the U.S. Furniture Industry,” Growth and Change 39 (June 2008): 252–82.
a. The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.
b. In 1998, only three U.S. furniture manufacturers had annual sales exceeding $1 billion. These firms accounted for only 20 percent of the market share, with the remainder split among 1,000 other manufacturers.
c. Capital spending at one manufacturer, Furniture Brands, was only 2.2 percent of sales compared with 6.6 percent at Ford Motor Company. Outdated, labor-intensive production techniques were still being used by many firms.
d. Furniture manufacturing involves a huge number of options to satisfy consumer preferences, but this extensive set of choices slows production and raises costs.
e- Small competitors can enter the industry because large manufacturers have not built up any overwhelming advantage in efficiency.
f. The American Furniture Manufacturers Association has prepared a public relations campaign to “encourage consumers to part with more of their disposable income on furniture.”
g. In fall 2003, a group of 28 U.S. furniture manufacturers asked the U.S. government to impose antidumping trade duties on Chinese-made bedroom furniture, alleging unfair pricing.
h. The globalization of the furniture industry since the 1980s has resulted from technological innovations, governmental implementation of economic development strategies and regulatory regimes that favor global investment and trade, and the emergence of furniture manufacturers and retailers with a capacity to develop global production and distribution networks. The development of global production networks using Chinese subcontractors has accelerated globalization in recent years.
Chapter 8, Application Problem 4
The following discussion describes recent changes in the strategy of Parker Pen Co.80 80 Cameron McWhirter and Laurie Burkitt, “In China, the Pen Is Mightier When It’s Pricier,” Wall Street Journal (Online), November 2, 2011
Executives in other parts of the world may have substituted smartphones and tablets for expensive pens, but Chinese professionals are often willing to pay thousands of dollars for them. In response, Parker Pen Co. has darkened its pens’ ink to appeal to writers of Chinese characters and added a special Chinese character meaning prosperity and good luck to the pens’ heads. These changes have increased sales from 30% to 50% in many of China’s department stores.
a. Discuss the role of consumer demand in influencing Parker Pen’s strategies.
b. Do you think Parker will be able to maintain its market power in China? Explain.
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How does this innovation also help in demand management?
Rewrite the answer and no plagiarism
Also add references…
Chapter 5, Application Problem 3
The following discussion describes a new inventory system used by J. C. Penney39: 39 Gabriel Kahn, “Made to Measure: Invisible Supplier Has Penney’s Shirts All Buttoned Up,” Wall Street Journal, September 11, 2003.
In an industry where the goal is rapid turnaround of merchandise, J.C. Penney stores now hold almost no extra inventory of house-brand shirts. Less than a decade ago, Penney would have stored thousands of them in warehouses across the U.S., tying up capital and slowly going out of style.
The entire program is designed and operated by TAL Apparel Ltd., a closely held Hong Kong shirt maker. TAL collects point-of-sale data for Penney’s shirts directly from its stores in North America for analysis through a computer model it designed. The Hong Kong company then decides how many shirts to make, and in what styles, colors, and sizes. The manufacturer sends the shirts directly to each Penney store, bypassing the retailer’s warehouses and corporate decision makers.
a. Discuss how this case illustrates the concept of the opportunity cost of capital.
b. How does this innovation also help in demand management?
Chapter 6, Application Problem 1
Discuss how the examples in the opening case show how the choices facing a firm making a long-run decision on plant location are much greater than those for a firm with a plant already in operation. Why is the long run considered to be a planning horizon?