The following post has three assignments namely;
1. corporate strategy or a future policy rollout
What are the stages of a corporation’s life cycle? How can a corporation’s life cycle be extended?
What is strategy implementation? What questions must strategy makers consider to begin the implementation
What are some of the approaches a company can take to identify and prepare its people for important positions?
It is important to assess the strategy-culture compatibility when implementing a new strategy. Do you think that
culture follows strategy, or does strategy follow culture? In your response, use the company to illustrate your
points. Justify your answer.
What is Six Sigma? Why would a company want to implement it?
2.Virginia Servant and Slave Laws, 1600s
1st paragraph: Make an argument about the extent to which the “Virginia Servants and
Slave” reveal the dominant efforts of masters to profit from their servant and slaves
and the economic system of colonial American, and briefly explain why this is
– Explain and analyze 2 specific examples from “Virginia Servants and Slave of
masters’ possible goals of profiting from their servants and slaves (1 example quoted
and cited, plus 1 example paraphrased or quote). In addition, explain and analyze 1
specific example from the American Promise ( quoted and cited) regarding possible
goals of masters to profit from exploiting servants and slaves. Use all evidences to
support your main argument
– Explain and analyze 2 specific examples what the “Virginia Servants and Slave”
reveal about possible goals or rebellions of servants and slaves against masters (1
example quoted and cited, plus 1 example paraphrased or quote). In addition, explain
and analyze 1 specific example from the American Promise ( quoted and cited)
regarding possible goals of servants and slaves and the extent to which they were able
to sucessfully rebel against the economic system
3. Pricing on the buses
Imagine that a local bus company is faced with increased costs and fears that it will make a loss. What should it do? The most likely response of the company will be to raise its fares. But this may be the wrong policy, especially if existing services are underutilised. To help it decide what to do, it commissions a survey to estimate passenger demand at three different fares: the current fare of 50p per mile, a higher fare of 60p and a lower fare of 40p. The results of the survey are shown in the first two columns of the table.
Demand turns out to be elastic. This is because of the existence of alternative means of transport. As a result of the elastic demand, total revenue can be increased by reducing the fare from the current 50p to 40p. Revenue would rise from £2m to £2.4m per annum.
But what will happen to the company’s profits? Its profit is the difference between the total revenue from passengers and its total costs of operating the service. If buses are currently underutilised, it is likely that the extra passengers can be carried without the need for extra buses, and hence at no extra cost.
At a fare of 50p, the old profit was £0.2m (£2.0m – £1.8m). After the increase in costs, a 50p fare now gives a loss of £0.2m (£2.0m – £2.2m).
By raising the fare to 60p, the loss is increased to £0.4m. But by lowering the fare to 40p, a profit of £0.2m can again be made.
1. Estimate the price elasticity of demand between 40p and 50p and between 50p and 60p
2. Indicate if the demand is elastic or inelastic in the previous question and how this is interpreted in reality?
3. Was the 50p fare the best fare originally? If not which is the most profitable fare?
4. The company considers lowering the fare to 30p, and estimates that demand will be 8.5 million passenger miles. It will have to put on extra buses, however. How should it decide?