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Suppose you are the controller of a manufacturing company that currently used the FIFO method of accounting for inventory. Also, suppose the economy is currently experiencing a period of high inflation. Although profits are higher this year than last year, you realize that the cost to replace inventory is also higher. You are considering changing accounting methods from FIFO to LIFO. What factors should you consider before making a change?
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Louisiana State University Strategic Management & M1 Practitioner Discussion
M1 Practitioner ApplicationDefining the Competitive FieldYour M1 practitioner application will require devoted inquiry, as ...
Louisiana State University Strategic Management & M1 Practitioner Discussion
M1 Practitioner ApplicationDefining the Competitive FieldYour M1 practitioner application will require devoted inquiry, assimilation, reflection, and refinement in order to achieve the highest possible score. Specifically, you are to take the scenario listed below, address it in full, and submit your work in accordance with the instructions contained herein. Importantly, this is an independent assignment to be completed by you and you alone. Sharing work with fellow students, supplying advice to your student peers, gaining assistance from outside parties, and similar actions will constitute violations of the academic code of conduct and will carry significant penalties in accordance with University policy.The ChallengeM1 focuses significant attention on the extremely important topic of market structure, including environmental surveillance. Among other things, you were introduced to Porter's Five Forces Model, via your readings, which serves as a useful reference for defining competition. Specifically, you are to place yourself in the role of Strategy Officer for a soon-to-be-established chiropractic clinic based in the city of your choice. (An actual city must be selected as this assignment calls for formal market research.) This entity will be named Greenbriar Chiropractic Clinic and it will offer the usual and customary array of services provided by chiropractic clinics. (If you are unfamiliar with chiropractic clinics and the types of services offered, conduct associated research and perhaps even visit one to gain a proper understanding before completing the assignment.)Greenbriar Chiropractic Clinic's owners, new in their role as healthcare entrepreneurs, wish to gain a better understanding of competition in the market and enlist you to prepare an associated assessment. The owners are familiar with Porter's Five Forces Model and feel as though their knowledge of suppliers and buyers is sufficient. Noting the highly competitive market, however, they would like to bolster their knowledge of existing competitors, potential entrants, and substitutes and have requested your assistance and advice. (As the owners indicate that the clinic is in a competitive market, the city you select must mirror this attribute. Smaller municipalities likely will not qualify. As such, moderately-sized or larger municipalities should be selected.) Your task is to perform a market assessment, identifying existing competitors, potential entrants, and substitutes in the city of focus for chiropractic health services.Doing so will require you to consult a variety of information sources (e.g., telephone directories, the Internet, industry databases), reflect on your own knowledge of the marketplace, conduct field research, and explore other relevant avenues in an effort to comprehensively identify the noted competitive forces across the three designated categories of Porter's framework. Competitive forces in each category must be explicitly identified (e.g., existing competitors and potential entrants must be listed by their specific brand name, substitutes must be explicitly identified and named). Note that general portrayals will be penalized harshly; specificity is required.The end result of your efforts should yield a comprehensive overview of the competitive threats in the city of focus, affording the chiropractic clinic's owners with details that will help them plan operations.The Submission RequirementYour submission in its entirety (i.e., all inclusive) must be at least 1500 words. It is to be typed (or pasted) directly into the Moodle posting window, after which you will submit your work. After submission, students are advised to verify that the assignment was submitted successfully by revisiting the submission link in advance of the assignment deadline. (Warning: After the assignment deadline, do not return to the M1 Practitioner Application to check the status of your submission, as doing so can change the submission date, forcing issuance of penalties for lateness.) Note that attachments of any kind are prohibited and will carry no points value. Given the length of the submission, it is advised that students prepare it in a word processing program, and when finalized, copy and paste the text into the Moodle posting window. Moodle can be very finicky and often will distort formatting, so care must be taken in preparing your submission. It is understood that Moodle formatting is limited; simply make your submission look as nice as possible.Your paper must be well referenced, with at least three (3) of the references being from scholarly academic journals. (If you cannot ascertain whether a journal does or does not qualify as scholarly academic, contact the Noel Library and request assistance.) References may be prepared using the style guide of your choice (e.g., APA, MLA); just be sure to consistently use the selected style. As Moodle formatting is limited, style guide requirements apply only to the preparation and presentation of references. Treat this as a formal report, rather than an informal web post. Note that references consisting merely of web links are unacceptable and will result in a 30-point deduction.In presenting your work, identify the title, your name and student ID number, and submission date at the top of your submission and supply the following headings, exactly as they appear below, placing each in bold text:Abstract (Your paper must include an abstract of approximately 150-250 words. An abstract is a stand-alone summary of your submission; it must be presented at the beginning of your paper, although, for obvious reasons, it is prepared after you finish your paper. If you aren't familiar with writing abstracts, simply Google "how to write an abstract" or similar phrases for a wealth of helpful tips.)Introduction (In this section, supply a brief introduction, helping the reader grasp the intent of the forthcoming work.)BackgroundCity Profile (In this section, supply a brief overview of the city of focus, noting its name, population, demographic characteristics, and any other helpful background information.)Service Profile (In this section, supply an overview of the area of medicine addressed by the clinic: chiropractic health services. Provide a definition, note major areas of focus, and offer other helpful details, demonstrating your grasp of this particular area of medicine.)Competitive ThreatsExisting Competitors (In this section, identify chiropractic clinics by name currently in operation in the city of focus. Be sure to supply brief profiles of key chiropractic clinics, aiding the owners in their quest to understand direct competitors.)Potential Entrants (In this section, identify healthcare providers by name who are not currently providing chiropractic services in the market, but might have the potential and desire to do so in the future. Be sure to indicate your view as to the likelihood that these entities actually might pursue offering chiropractic services.)Substitutes (In this section, identify goods and services that consumers might use as a substitute for visiting a chiropractic clinic. Be sure to identify substitutes by name and indicate their threat potential for the chiropractic clinic.)Conclusions (In this section, summarize the report, being sure to express your thoughts on the overall competitive environment faced by the given clinic.)References (In this section, supply a list of references conforming with the instructions listed elsewhere in this communication.)Assessment CriteriaYour submission will be assessed based on the following:Compliance quality: The degree to which your submission complies with noted guidelines, including word count and reference specifications,Communication quality: The degree to which your work meets standards expected in business communications, including matters concerning the use of proper grammar and punctuation, andContent quality: The quality of the content presented in your work.Take care when determining word counts; Moodle automatically supplies these details to instructors. If word count requirements are not met, a 30-point deduction is assessed. (Note that Moodle's word count algorithm may differ from the one used by your word processor, presenting yet another reason supporting an early submission, affording adjustment opportunities, if needed.)Also, take care to note the deadline for this assignment. Late submissions will be accepted for up to 24 hours beyond the deadline; however, a 30-point deduction for lateness will be assessed. Submissions received more than 24 hours beyond the deadline are automatically scored zero points.Good luck!
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Most Popular Content
Louisiana State University Strategic Management & M1 Practitioner Discussion
M1 Practitioner ApplicationDefining the Competitive FieldYour M1 practitioner application will require devoted inquiry, as ...
Louisiana State University Strategic Management & M1 Practitioner Discussion
M1 Practitioner ApplicationDefining the Competitive FieldYour M1 practitioner application will require devoted inquiry, assimilation, reflection, and refinement in order to achieve the highest possible score. Specifically, you are to take the scenario listed below, address it in full, and submit your work in accordance with the instructions contained herein. Importantly, this is an independent assignment to be completed by you and you alone. Sharing work with fellow students, supplying advice to your student peers, gaining assistance from outside parties, and similar actions will constitute violations of the academic code of conduct and will carry significant penalties in accordance with University policy.The ChallengeM1 focuses significant attention on the extremely important topic of market structure, including environmental surveillance. Among other things, you were introduced to Porter's Five Forces Model, via your readings, which serves as a useful reference for defining competition. Specifically, you are to place yourself in the role of Strategy Officer for a soon-to-be-established chiropractic clinic based in the city of your choice. (An actual city must be selected as this assignment calls for formal market research.) This entity will be named Greenbriar Chiropractic Clinic and it will offer the usual and customary array of services provided by chiropractic clinics. (If you are unfamiliar with chiropractic clinics and the types of services offered, conduct associated research and perhaps even visit one to gain a proper understanding before completing the assignment.)Greenbriar Chiropractic Clinic's owners, new in their role as healthcare entrepreneurs, wish to gain a better understanding of competition in the market and enlist you to prepare an associated assessment. The owners are familiar with Porter's Five Forces Model and feel as though their knowledge of suppliers and buyers is sufficient. Noting the highly competitive market, however, they would like to bolster their knowledge of existing competitors, potential entrants, and substitutes and have requested your assistance and advice. (As the owners indicate that the clinic is in a competitive market, the city you select must mirror this attribute. Smaller municipalities likely will not qualify. As such, moderately-sized or larger municipalities should be selected.) Your task is to perform a market assessment, identifying existing competitors, potential entrants, and substitutes in the city of focus for chiropractic health services.Doing so will require you to consult a variety of information sources (e.g., telephone directories, the Internet, industry databases), reflect on your own knowledge of the marketplace, conduct field research, and explore other relevant avenues in an effort to comprehensively identify the noted competitive forces across the three designated categories of Porter's framework. Competitive forces in each category must be explicitly identified (e.g., existing competitors and potential entrants must be listed by their specific brand name, substitutes must be explicitly identified and named). Note that general portrayals will be penalized harshly; specificity is required.The end result of your efforts should yield a comprehensive overview of the competitive threats in the city of focus, affording the chiropractic clinic's owners with details that will help them plan operations.The Submission RequirementYour submission in its entirety (i.e., all inclusive) must be at least 1500 words. It is to be typed (or pasted) directly into the Moodle posting window, after which you will submit your work. After submission, students are advised to verify that the assignment was submitted successfully by revisiting the submission link in advance of the assignment deadline. (Warning: After the assignment deadline, do not return to the M1 Practitioner Application to check the status of your submission, as doing so can change the submission date, forcing issuance of penalties for lateness.) Note that attachments of any kind are prohibited and will carry no points value. Given the length of the submission, it is advised that students prepare it in a word processing program, and when finalized, copy and paste the text into the Moodle posting window. Moodle can be very finicky and often will distort formatting, so care must be taken in preparing your submission. It is understood that Moodle formatting is limited; simply make your submission look as nice as possible.Your paper must be well referenced, with at least three (3) of the references being from scholarly academic journals. (If you cannot ascertain whether a journal does or does not qualify as scholarly academic, contact the Noel Library and request assistance.) References may be prepared using the style guide of your choice (e.g., APA, MLA); just be sure to consistently use the selected style. As Moodle formatting is limited, style guide requirements apply only to the preparation and presentation of references. Treat this as a formal report, rather than an informal web post. Note that references consisting merely of web links are unacceptable and will result in a 30-point deduction.In presenting your work, identify the title, your name and student ID number, and submission date at the top of your submission and supply the following headings, exactly as they appear below, placing each in bold text:Abstract (Your paper must include an abstract of approximately 150-250 words. An abstract is a stand-alone summary of your submission; it must be presented at the beginning of your paper, although, for obvious reasons, it is prepared after you finish your paper. If you aren't familiar with writing abstracts, simply Google "how to write an abstract" or similar phrases for a wealth of helpful tips.)Introduction (In this section, supply a brief introduction, helping the reader grasp the intent of the forthcoming work.)BackgroundCity Profile (In this section, supply a brief overview of the city of focus, noting its name, population, demographic characteristics, and any other helpful background information.)Service Profile (In this section, supply an overview of the area of medicine addressed by the clinic: chiropractic health services. Provide a definition, note major areas of focus, and offer other helpful details, demonstrating your grasp of this particular area of medicine.)Competitive ThreatsExisting Competitors (In this section, identify chiropractic clinics by name currently in operation in the city of focus. Be sure to supply brief profiles of key chiropractic clinics, aiding the owners in their quest to understand direct competitors.)Potential Entrants (In this section, identify healthcare providers by name who are not currently providing chiropractic services in the market, but might have the potential and desire to do so in the future. Be sure to indicate your view as to the likelihood that these entities actually might pursue offering chiropractic services.)Substitutes (In this section, identify goods and services that consumers might use as a substitute for visiting a chiropractic clinic. Be sure to identify substitutes by name and indicate their threat potential for the chiropractic clinic.)Conclusions (In this section, summarize the report, being sure to express your thoughts on the overall competitive environment faced by the given clinic.)References (In this section, supply a list of references conforming with the instructions listed elsewhere in this communication.)Assessment CriteriaYour submission will be assessed based on the following:Compliance quality: The degree to which your submission complies with noted guidelines, including word count and reference specifications,Communication quality: The degree to which your work meets standards expected in business communications, including matters concerning the use of proper grammar and punctuation, andContent quality: The quality of the content presented in your work.Take care when determining word counts; Moodle automatically supplies these details to instructors. If word count requirements are not met, a 30-point deduction is assessed. (Note that Moodle's word count algorithm may differ from the one used by your word processor, presenting yet another reason supporting an early submission, affording adjustment opportunities, if needed.)Also, take care to note the deadline for this assignment. Late submissions will be accepted for up to 24 hours beyond the deadline; however, a 30-point deduction for lateness will be assessed. Submissions received more than 24 hours beyond the deadline are automatically scored zero points.Good luck!
7 pages
Euthanasia Should Not Be Allowed
Most of the patients with terminal illness usually experience chronic pain that affects their general wellbeing. It is suf ...
Euthanasia Should Not Be Allowed
Most of the patients with terminal illness usually experience chronic pain that affects their general wellbeing. It is sufficient to note that the ...
Colorado Christian University Amazon Inc External and Internal Analysis
Name of Corporation: Amazon, a) Introduction, b) Choose the two segments of the general environment that would rank highes ...
Colorado Christian University Amazon Inc External and Internal Analysis
Name of Corporation: Amazon, a) Introduction, b) Choose the two segments of the general environment that would rank highest in their influence on the corporation you choose c) Assess how these segments affect the corporation you choose and the industry in which it operates d) considering the five forces of completion, choose two that you estimate are the most significant for the corporation you choose. e) evaluate how well the company has addressed these two forces in the recent past. f) with the same two sources predict what the company might do to improve its ability to address these forces in the near feature g) assess the external threats affecting this corporation and the opportunities available to the corporation. h) Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. i) give your opinion on the corporations greatest strengths and most significant weakness. choose the strategy or tactic the corporation should select to take maximum advantage of its strengths, and the strategy or tactic the corporation should select to fix its most significant weakness. predict what the company might do to improve it's ability to address the forces in the near future, 4-6 pages and two academic resources.
IDS355 Illinois Naive Forecasts, Moving Average and Mean absolute deviation
All work must be shown on excel and must be solved using excel formulas. The data included in the file also must be in the ...
IDS355 Illinois Naive Forecasts, Moving Average and Mean absolute deviation
All work must be shown on excel and must be solved using excel formulas. The data included in the file also must be in the excel document.
Use
a separate worksheet for each question set and label the worksheets. To rename
a worksheet, right-click the worksheet tab located at the bottom of your
current sheet, and use the rename option. Label the tabs as “Q Set 1”, “Q Set
2”, and “Q Set 3”, respectively. Be sure to label all results clearly.
ITS 630 UC Organizational Leadership and Decision Making Discussion
Assignment:
Provide a reflection of at least 500 words (or 3 pages double spaced) of how the knowledge, skills, or theorie ...
ITS 630 UC Organizational Leadership and Decision Making Discussion
Assignment:
Provide a reflection of at least 500 words (or 3 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
7 pages
Mgt 516 Case 3
The employment at will doctrine states that employment follows an indefinite period in time and termination may happen fro ...
Mgt 516 Case 3
The employment at will doctrine states that employment follows an indefinite period in time and termination may happen fronted by either the employee ...
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