Business Plan Of Slice Bakery Management Essay

Business Plan Of Slice Bakery Management Essay Introduction Slice Bakery and Juices is a start up juice and bakery retail establishment located in down town Nairobi. Slice bakers expects to catch the interest of a regular loyal customer base with its wide variety of fresh juices and freshly baked cakes and bread. Slice Bakery and Juices plans to construct a strong market position in the city due to the partners’ industry experience in the area. The establishment aims to offer its services and products at a reasonably competitive price to meet the demand of the middle and high area residents and tourists. The Company Slice Bakery and Juices is incorporated in the city of Nairobi. It is equally owned and managed by its three partners. Mr. David Williams has extensive experience in marketing, sales and management and was the vice chairman of Eveready Batteries and Harper foods. Mr. Arnold Mwangi is experienced in finance and administration and was previously the chief financial officer with both Luigi’s Cafà © and Wi lly Pastries. Mrs. Felicia Wanjiku is a well respected pastry chef with vast knowledge and experience in the field, she formerly worked at Lagoon beach resort in the Kenyan coast as the head pastry chef. The organization intends to hire 2 full time pastry cooks and four part time baristas to serve customers and perform the day to day operations. Products and Services Slice Bakery and Juices offers a vast range of freshly made fruit and vegetable juice varieties that are brought into the city from various parts of the continent. The company caters to all of its customers by serving each of them a carefully made drink that is specifically tailored to the customers order. The bakery side of the company provides a wide array of freshly prepared bread and cake varieties at all times during business hours. Ten to twelve moderately sized batches of assorted bread and cakes are prepared during the day to assure the availability of freshly baked products at all times. The Market The Fresh ju ice industry in Nairobi has recently experienced very fast growth. The worm equatorial temperature in Nairobi stimulates the regular consumption of cool drinks. Slice Bakery and Juices wants to establish a large regular customer base and it will achieve this by concentrating its marketing and business on local residents, which will be the organizations target market. This will create a healthy, stable revenue base that will ensure the stability of Slice Bakery. In addition tourists are expected to comprise aproximately25% of the total revenue collected. Good visibility and competitive products and services are crucial in order to capture this segment of the market. Financial Considerations Slice Bakery and Juices is expected to raise $90,000 of its own capital and to borrow $110,000 guaranteed by the National Bank of Kenya s a ten year loan. The company anticipates sales of around $485,000 in the first year, $570,000 in the second year and $660,000 in the third year. The organizatio n should break even by the fourth month of business as it steadily increases its revenue. Profits for this period are anticipated to be approximately $12,000 in year one, $31,000 by year two and $48,000 by year three. Slice bakers does not expect cash flow problems

Business Environment Assignment Example | Topics and Well Written Essays - 1000 words

Business Environment - Assignment Example On the manufacturers side of equation the pricing and output decisions are determined by the quantity demanded. Hence, we can assume with much use of common sense that an increase in the price of Coca Cola would eventually lead to a decrease in its quantity demanded. The same fact can be illustrated by the use of the demand curve that has a downward slope (Figure 1) which signifies that greater the increase in the price of the entity, lower will be the quantity demanded. In other words price and quantity demanded are inversely proportional (Management Study Guide, 2008). The supply side of business also plays a major role in determining the output decisions. Supply decisions are primarily dependent on the profit potential. Building upon this factor we can verify that an increase in the market price of a product would lead to an increase in the supply of it in pursuit of a greater profit potential (Riley, 2006). This goes on to show that the supply of the products of a business is directly proportional to the price of the product (Case Karl E., 2009). The supply curve is hence upward sloping (Figure 1). There is however always a constraint in terms of the extent to which the business can expand its supply side as it either may be restricted by its scale of operations or the capacity or resources in the short run. Nevertheless, the business can expand its operations’ scale after having accumulated enough wealth in the long run (Harper, 2010). At anyone instant, the market can be subject to one of the following three conditions: Demand Excess (qu antity demanded > quantity supplied at current price) Supply Excess (quantity supplied > quantity demanded at current price) Equilibrium (quantity demanded = quantity supplied at current market price) These three market conditions also play a major role in determining the output and pricing decisions of the business because if there an excess demand then there is a tendency for the price of the product to increase as the demanders would be in competition to gain the limited supplies. If however, the market conditions are on the excess supply side of equations then the prices are likely to decline. If there equilibrium in the market place then no price change would occur (Investopedia, 2011). Figure 1 SECTION B The basic forces of demand, supply and price fluctuations are the ones that govern the organizational responses in all sorts of businesses be it related to medicine, or farming, or production of shoes or computers. All the businesses play to their cards to these forces. The ma rket is governed by the behaviour of both the producer and consumer sides of picture (Basic Economics, 2011). Having elaborated in section 1, we can now reasonably presume that a decrease in price is likely to increase the demand of the product. That is, if at the rate of making a call was 6$, a hypothetical person named Paul would call his mother in another town only once. But if the price if dropped to 3$ per call then Paul would be able to make double the amount of calls on the same price increasing the utility of it. On the other hand, one can take the example of a telecom company named Warid in Pakistan. Having noticed that the call rate at the night time was low and their profit margins were relatively less at that period of time, the company introduced a new ‘Glow’ package offering its customer base to make a call for 3 PKR per hour from 12AM to 7AM which would otherwise cost four times more without this offer (Warid, 2011). As a result of this,

Preventing Fraud, Waste, and abuse Simulation Essay

Preventing Fraud, Waste, and abuse Simulation - Essay Example The outcome of a simulation is difficult to determine especially in terms of benefits and the cost since most of the ocassio0ns that call for its applications are very challenging and may involve a long-term use. A range of motivating forces and execution machinery can be expected to push simulation forward, together with professional societies, legal responsibility insurers, medical care payers, and in due course the general public. The prospects of simulation in healthcare fully rely on the dedication and resourcefulness of the healthcare simulation community to see that enhanced patient well-being by means of this instrument becomes a reality. With the increased federal and state government expenditure on health care each year, the concerns of fraud and abuse also increase. A lot of money has been lost to fraud and abuse allegations with CMS estimating about 15 to 25 US dollars per year in Medicaid fraud and close to 1.1 US dollars were recovered in 2005 in false health care claims. It is with this in mind that all pharmacies have been called upon to safeguard any possible abuse, fraud, and waste. It is the obligation of any company to protect itself against fraud, abuse, and waste and try to eliminate it completely. Several companies have put in place some policies and procedures that are used to fight fraud, abuse, and waste. It’s the obligation of every employee of an organization to put a stop to fraud, abuse, and waste, failure to do so may result in the following; For individual involvement in either of the scandals, the repercussions include disciplinary actions that may even call for job termination. It is, therefore, necessary that everybody in the company is conversant with the knowledge of fraud which include how to identify fraud and abuse, prevention, and reporting of abuse and fraud.

Essay Example | Topics and Well Written Essays - 2000 words - 37

Essay Example These articles include Donald Antrims "He Knew", Ruth Prawer Jhabvalas "Aphrodisiac", and Nalini Joness "Tiger". In these articles, the setting has concentrated on a modernized world where even the parents are allowing their children to make decisions of their own without interference of dictation, as was the case in the past. In addition, the setting has been concentrated in countries in the developed world. The issues that the individuals go through are also specific to college age individuals. Therefore, the setting is a critical element in these narrative works because it is responsible for the establishment of a mental image, which is essential to understanding the message being passed by the author. Taking Ruth Prawer Jhabvalas â€Å"Aphrodisiac† into consideration, it is clear that the characters that the author has chosen are college students. This can be seen from the very first paragraph where the author reveals that university friends were discussing the novel that that would best fit the Indian context of lifestyle. Here, Kishen, the main character, suggests that the best novel that ought to fit the Indian context would incorporate the urban slum dwellers, indecently rich commerce and landless laborers. The author also shows that traditions are important to most societies and are always exhibited and observed when certain activities are done from the traditional perspective. For instance, in Aphrodisiac, the author makes it clear that the Indian culture observes its traditions by maintaining that while Kishen was away studying at Cambridge, his elder brother Shiv had got married in a traditional wedding. This creates an image in the audience’s minds of how t he scene of the marriage was and how the practices were performed. To show that this context was set in the modern world, Kishen went to the U.S to study there, which is what is currently happening as most

Poetry Analysis Essay Example | Topics and Well Written Essays - 2500 words

Poetry Analysis - Essay Example Connotations: Rhyme scheme not regular, Sensuous imagery-the waves sound- lights falling etc. Romantic imagery. Historical reference to Sophocles. Irregular length of stanzas. Free verse. Language simple. Sea of Faith- image of a sad person. Pathetic fallacy- human feelings are attributed to sea. Light is gone- symbolizes uncertaininty. Sea of Faith- symbolizes religion. Adjectives- â€Å"tremulous cadence†, â€Å"note of eternal sadness†. Attitude: The poem opens with a romantic tone. The melancholic note is added as the poet reflects on the nature of human life. Sadness and sorrowful. â€Å"Ah† indicates pain and â€Å"let us be true† indicates acceptance. Theme: The poem is about maturity and reflects the poet’s understanding of life. Life brings sadness. Like the beach is beautiful but the melancholic note can be heard. Similarly love is beautiful but it brings with itself miseries, sorrow and loneliness. Title: Poem appears to be about the dreams that have not been fulfilled. The alliterative â€Å"d† in the title give a hard impression which prepares the reader for the harsh consequences of the dreams that have been left unfulfilled. Paraphrasing: The poet questions about the end result of such dreams that have been left unfulfilled. He asks if they become dry, sore or rotten. He compares them with a dry raisen or like a sore. He indicates that unfulfilled dreams can cause social and political damage. Connotations: Short. Alliterative â€Å"d†- to stress harshness. Dreams deferred are compared to dry raisen, sore etc. Symbolism: dream could be American dream or negro aspirations. Hot sun- circumstances. Images of decay and waste to symbolize the dreamer’s fate. Title: Is aptly used since it discusses the consequences of the unfulfilled dreams. The dream could be the American dream of success that attracts many. Or the fate of black people in America victimized racially and socially. Theme: The poem is about dreams

Case study report Essay Example | Topics and Well Written Essays - 2000 words

Case study report - Essay Example Demands from the society surpass the educational requirements. The society relies on the services on higher educational institutions to develop future generations of responsible persons. Minus the services of higher educational institutions, the society would be filled with persons with low professional and social portfolios (Brown & Katz, 2009). For this reason, governments have put in place strategies that make the access of the services of higher education much easier. Over the years, the ease of access of higher educational have been made easier. These can be analyzed in terms of the number of higher educational institutions created and the reduced prices of servicing the institutions for educational purposes. In the United Kingdom, the situation is the same. The number of educational institutions in the U.K has increased significantly to cater for the rising demand (Howell, 2012). Additionally, the institutions have made it easier for the public to access the services. Governmen t and educational bodies have also played a major role in creating a more accessible higher education sector. There have been measures in the United Kingdom that have ensured that higher educational institutions quote reasonable prices as fees (Andy, Jon & Robert, 2010). II. Thesis This paper will analyze the major changes, opportunities and difficulties faced by higher education institutions. The paper will also highlight major barriers that limit change in these institutions. Additionally, the paper will provide change management tips that should be embraced by university leaders in order to ensure smooth transitions of changes. For this paper the main focus will be made in regards to the changes experienced by the Higher education Institutions in the United Kingdom. The major change in the U.K. is the mandatory requirement by the institutions to reduce their charges on the tuition fees. III. The case From September, 2012 universities across the United Kingdom are allowed to raise their tuition fees up to ?9,000 annually. This change was protested by many educational bodies and stakeholder but at the gain of higher educational institutions. However, after the creation of these changes challenges started to arise on how this change could be managed. This is because students would aim to go to schools with the cheapest offering. In an argument by Levin (2012) the high demand on education limits the way in which institutions price their tuition fees. The author further points out that tuition fees in the United Kingdom would be fluctuated differently in each institution in order to maintain the competitiveness in the market (Levin, 2012). Additionally, due to the high fees the government will offer bursaries to students. For this reason, institution with the lowest fee quoted will be required to expand to cater for students who could not afford expensive institution. Institutions would also be required to quote cheaper tuition fees in order to capture the atten tion of the government in enabling them to acquire students benefiting from bursaries. Many institutions are now aiming at expanding their institutions by putting place mechanisms that would please both the government and the student population. However, other institution in the United Kingdom remain reluctant to quote cheaper

Field trip Essay Example | Topics and Well Written Essays - 500 words - 1

Field trip - Essay Example In accordance with Jewish tradition, prayers should always occur in the entire community. Amidah, which is the third section of Shabbat service, forms the central point of Worship among Jews. During this section, the congregation normally engages in prayers and meditations. The word Amidah gives a description of prayers and the manner in which the Jews worship. Amidah has a small session for private prayers among its worshippers. Similar to any church service, the Shabbat also acknowledges rituals and their significance in worship. Consequently, Torah service forms the next section of Shabbat service. Torah service provides teachings on peace, justice, and truth in the society. In general, this section follows teachings of Moses as written in his five books. The last session of the Shabbat Service is concluding prayers where the whole congregation participates in recitation of Aleinu or Adoration (Abrams & Katherine 18). We chose Shabbat service as our field trip experience because of the perception that Jewish religion has unique philosophies and worship procedures. Majority of people in the society believe that Shabbat is different from other church services because of its restrictions and related philosophies. Consequently, attending the service would enable us to obtain philosophies and facts about the Shabbat Service. After attending the Shabbat Service, we were able to determine how philosophy influences the religion. According to the Jews, Shabbat Service must have five prayer sessions. All these sessions have different significance to the worshippers. For instance, Torah service teaches peace and justice in the community. In addition, the religion has a philosophy, which advocates for all members of the congregation to use the five holy books recommended by Moses to govern all rituals. Just like Christian services, the Shabbat service considers prayers as precious gifts from heaven. As a result, the Jewish considers Amidah as a special session of