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Monday, August 24, 2020
Integration Of Technology Into The Classroom Effects Education Essay Free Essays
The coordinating of designing into the schoolroom implies a cluster more than learning fundamental registering machine achievements and programming for what it's worth over the span of study at the present time. PC education and the IC3 programs were added to the course of investigation of signifier 1 to sort out 3 students to do them acquainted with the processing machine as an instrument. What's more, with the presentation of National Exams at signifier 3 degree ICT has gotten one of the four core subjects that will be taken into history for rating purposes along with English, French and Mathematics. We will compose a custom article test on Coordination Of Technology Into The Classroom Effects Education Essay or on the other hand any comparative subject just for you Request Now Innovation in guidance does non only plan the utilization of processing machines yet adjacent to the use of an extent of other electronic gadgets each piece great as the internet for the airing of cognizance. Presents, students are coming to class with more achievements. Regardless of whether the educator requires it or non, most students are using designing for conveying, obtaining, beguilement and so forth, for example in pretty much all spaces of their life. They are the 1 who are keeping up way with the innovative advancement. With respect to teachers, regardless of whether it is difficult to keep up and oblige to the advancement in both their own and expert lives, they have an extremely of import capacity to play in the mechanical advancement. Since designing can be a learning device for the student each piece great as a guidance apparatus for the instructor. As great, the incorporating of building in the schoolroom is an incredible way to expand the understudy ââ¬Ës association in larning. This assault is more understudy focused ; as they will in general work all the more together while they use processing machines for their everyday exercises. The dynamic and synergistic condition made by the use of processing machines propels the understudies as great they have a more prominent feeling of command over what they can course, read, understand and make. The perusing achievements other than are being improved with the utilization of electronic books combined with elocution hyperlinks. The viva voce of their work using any introduction instrument or some other media apparatus helps the unwritten articulation of their contemplations. The internet is a boundless asset that can be use to propel and enliven higher request accepting achievements in the students. The above is by all accounts a splendid picture of what can be accomplished if building is taken to the schoolroom ; in any case it ought to be taken into history that today ââ¬Ës students ââ¬Ë can be considered as the ââ¬ËDigital Natives ââ¬Ë as they are turning and are being prepared and supported in an innovative rich condition, which speak to a high request challenge for the ââ¬ËDigital Immigrants ââ¬Ë who are the educators of today as they are being compelled to follow another mentality and to populate in this condition. This advanced crash of human advancement is one of the a large portion of import boundaries that should be pull down for the coordinating of ICT instruments takes an of import parcel in the airing of the substance of the course of study. Other than the worldview dislodging of the way the teachers themselves were educated and the new procedure that they are being approached to use is a significant adjustment of human advancement to which the edu cators must be set up to face and respond to as a call. There are numerous components that may block the designing incorporating. They can be human progress modification, readiness, thought process, the clime, the help, the foundation, and so on. Along these lines an exhaustive test is expected to hold a picture where the activity stands. It must be considered other than that the employments can change from topographic focuses and schools. For this overview the activity is constrained to an individual school, found in a provincial nation. The points set are other than exact and the study will give a picture of the incorporating of ICT devices in that setting only. The review will focus on three boss issues, which are: The handiness of the assets and establishments for the incorporating to take topographic point. The evaluation of functionality of those establishments and the assets by the educators What's, taking everything into account the obstructions that may hinder the Integration of Technology in learning. These issues are considered as the balance on which programs for the coordinating of designing can be developed in order to expand the on the establishments and assets and to chop down the hindrances to a lower limit. 1.2 Research rubric PCs have gotten the most looked for after, electronic gadgets in the two places and schools. They have caught the inclusion of everybody and numerous guardians accept they will better their children ââ¬Ës open doors for accomplishment in school and throughout everyday life. PCs associated with correspondence networks flexibly advantageous course to enormous wholes of informations from essentially any field of overview. The idea of processing machine building drastically changed the idea of tutoring. It simply will non be workable for schools to resist the expanding impact of registering machine building in our general public. The commercial center will turn dynamically dull that schools plan understudies to be the laborers and shoppers of an arranged society. Innovation is perceived presents in schools as an instructional device rather than a subject of bearing. Still numerous instructors are less comfortable and less comfortable with building than their student and are other than battling to consistently consolidate a turning rundown of designing apparatuses in their normal course of study. What's more, such to hold a birdââ¬â¢s-eye picture of the situation, this review centers around a private auxiliary school in the southern bit of Mauritius and is titled as Instructive Technology Integration: Availability, Use and Barriers in Teaching ; An example review, in a rustic private school. 1.3 Aims of Research The examination was directed to situate the instructors of the foundation with respect to the nature of their bringing of the substance in classification. It is without predisposition that it very well may be said that the nature of learning augmentations with the nature of bringing of the substance each piece great as the way the data is introduced to be processed by the understudies. Instructive engineerings are on the rundown of the guidance AIDSs that can be utilized to increase the nature of learning. Along these lines to have the option to extend winged animal ââ¬Ës oculus position of where the educators of the foundation base in the use of instructive engineerings in their classification, it was basic to coordinate the study from the three nations with the goal that the terminal outcome unite to the situation of instructive engineerings in the foundation. The main points are: ( a ) Handiness: introduction to natural structure of Knowledge Are the teachers sufficiently presented to establishments and assets to consolidate ICT in their guidance? Do teachers have the privilege ICT achievements to consolidate ICT in their guidance? ( B ) Use: use of natural structure of discernment to subject What is the attack quantum of ICT in learning? ( degree Celsius ) Barriers: Restriction to utilization of natural structure of comprehension to subject What instructors see as obstructions to the coordinating of ICT into their guidance? 1.4 Background of the School Keats College, a private optional school enlisted with the PSSA, named after the incomparable English artist John Keats began its activity 1964 at Chemin-Grenier, a little unassuming community in the South of the island. It began with populace of 35 students and 5 teachers. The Driving convention of the foundation mirrors its motto: ââ¬Å" Virtute et Industria â⬠which implies ââ¬Å" boldness and troublesome work â⬠. The school has these days become the prima school, in footings of student limit, and scholastic outcomes of that bit of the island. It cooks for somewhere in the range of 2000 understudies and 170 individuals from learning and non-encouraging staff housed in two separate squares for the Boys ââ¬Ë and Girls ââ¬Ë segments. The school has a passing pace of 83.3 % at the Cambridge HSC tests in 2009. In light of the measurements of the last three mature ages the school has situated itself with non under 13 students delegated Best campaigners at Cambridge SC tests and 6 understudies named Best campaigners at Cambridge HSC test. Keats College meets all the positive conditions for the sprouting of the understudies on the scholarly degree, human and citizenship esteems each pie ce great as in athleticss. Achievements are interchangeable to troublesome work finished with valiance to accomplish the set points through a decision human progress. As some other instructive foundation, Keats College is has a progressively sorted out development split in to two Management Levels. The Top Management comprises of the Manager, the Rector and two Deputy Rectors. The Middle Management crew comprises of the Head of areas and the Section Leaderships who reports to the minister however is regulated by the Deputy Rectors. The Educators do portray to their few HoD ââ¬Ës according to the point they are learning ; in any case some of them are doled out the obligation of being Form Teacher as such they are answerable for their few classes and do depict for the equivalent to the Section Leaders. With respect to the Non-Teaching Staff, they report to the Manager however are going by the College Clerk. They are the help crew to the College and are separated into various gatherings which are the Office Clerks and Secretaries, the Attendants and the Auxiliary staff. The understudies ââ¬Ë chamber and the athleticss ââ¬Ë committee of the school have chosen individuals from every classification. The classification chiefs and their delicacy sort out the College Student Council ; each piece great every class has their athleticss commanders who are assembled for the athleticss gathering. Other than understudies can be part of the diverse n
Saturday, August 22, 2020
Canadian Provincial Political Cultures
Canadian Provincial Political Cultures Canadian political culture is multi-layered and differing. Three incredible nations have affected the advancement of this culture The United States, The Great Britain and France. Along these lines, with regards to Canada, it can not be concentrated in segregation from the remainder of North America and Europe. Despite the fact that the development of North America was only a stage in broadening the political and social strength of the European superpowers, in any case, it assisted with building up a course of financial change in Canada. During the last 200 years, Canadian political culture has been molded by five unmistakable influxes of migration all of which have left their own financial and social stamps on the whole nation (Easterbrook and Aitken, 1988: 3). The arrangement of Canada financially, socially and politically is best portrayed by Louise Hartzs ââ¬Å"fragment theoryâ⬠who contends that provincial social orders, those like Canada, began as sections of bigger European social orders and that those social orders stayed set apart during their history by the states of their sources. The word ââ¬Å"fragmentâ⬠suggests that those new social orders would not be the finished copies of their parent ones however they would prefer to comprise of the pieces of those parent social orders spoke to by the individuals who chose to emigrate (Bellamy, Pammett, Rowat, 1976: 68). Further, the revelation of key common assets in Canada like oil, gas, gold and others, made a reliance hypothesis which is really special to the nation staples hypothesis of monetary development. Harold Innis, the originator of the hypothesis, contended that the improvement of Canada comprised of the arrangement of conditions upon the regular recourses hide, fi sh, timber, minerals and others, the entirety of which, thus, have commanded the economy of the nation and were the essential fare items one after another (Marchak, 1983: 21). The Maritimes The social orders of Nova Scotia, New Brunswick and Prince Edward Island shift in the paces of improvement fundamentally. This district could be considered as the most conventional and traditionalist in Canadian political culture overall. The Maritimes are an uncommon case of how customs, conventions and convictions are preferred over development and change. After the development of capable government in the nineteenth century, there were just peripheral changes in practices and systems of legislative issues (Bellamy, Pammett, Rowat, 1976: 10-11). First pioneers were settlers who came legitimately from Britain Yorkshire, Ireland and Highland Scotland. The prize of migrating was deserving of a hazard, the Maritimes offered something that Europe, settled and overpopulated, couldn't free land. Strategically, Maritimes looked like their American neighbors as opposed to those back in Britain as the whole locale stayed under the firm authoritative reach of the New England. Notwithstanding that reality, Tory belief system in the area was solid when the American Revolution up until the third influx of movement, when it was impacted extraordinarily by the British nonconformists a similar wave that brought Sir John A. Macdonald to Canada. Common War in the United States had constrained the Maritimes to reconsider the possibility of Confederation as it offered security and monetary strength (Dunn, 2006: 17-18). Nova Scotia is the most exceptional of every single Atlantic region in regard to social, monetary and political turn of events. Halifax, Nova Scotias biggest urban focus, has a higher pace of industrialization than different zones in the locale. With regards to staffing the administration there is less utilization of support and the choices are made exclusively on the rule of legitimacy (Bellamy, Pammett, Rowat, 1976: 11). Religion comes as a necessary piece of the Maritimes political culture. There are four ideological groups in the PEI Conservative, Liberal, Catholic and Protestant. For quite a long time, it has been viewed as an intense errand to foresee which gathering would take the advantage during the decisions. One thing was for sure however fixed quantities of Catholics and Protestants would be chosen each time paying little heed to which gathering would win the political race (Dunn, 2006: 18-19). The Maritimes political culture is incompletely solidified in the nineteenth century. Today, much the same as two centuries prior, the legislature is considered as a negative power in the economy and society something that isn't to be trusted. To affirm this, teacher S.D. Clark has noticed that ââ¬Å"the angler of Nova Scotia were basic society who had small comprehension of the complexities of the financial, political and social world around them. Their issues appeared to be sufficiently basic, made troublesome just by the obstructions of the administration far evacuated and past their reach.â⬠(Bellamy, Pammett, Rowat, 1976: 16). Newfoundland Newfoundland is a territory that stands apart from all the others. The area experiences the old scars in its history and contending dreams from the past governments and up until today it attempts to discover a harmony among mix and confidence. Dismissing the Confederation from the outset in 1867, which was a well known choice as home guideline was preferred over mechanical free enterprise, the territory acknowledged it in 1949 (Tomblin, 1995: 67-68). Getting away from the insolvency during the 1930s, Newfoundland requested an immediate British principle by giving up its self-overseeing territory status picked up beforehand by the Statute of Westminster. In contrast to Canada, Newfoundland ended up naturally engaged with World War II close by Britain (Dunn, 2006: 16). Post war time, be that as it may, brought political change not exclusively to Europe yet to Canada too. Debilitated by the war, Britain was in decay and could no longer help Newfoundland monetarily, as Valerie Summers no ted ââ¬Å"In the post-World War II time of political alterations and British dollar deficiencies, the premiums of the British government in dispensing with the expense of support of Newfoundlands organization prompted Newfoundlands development out of the British area into Canadian jurisdictionâ⬠(Tomblin, 1995: 68). Newfoundland is very particular from different territories in its financial, social and social turn of events. Being detached from Canada and the remainder of North America for a long time it was incredibly affected in its customs by the United Kingdom. Newfoundlanders were arranged toward the non-materialistic estimations of West Country England and Ireland their parent networks (Bellamy, Pammett, Rowat, 1976: 3-4). For a considerable length of time Newfoundlands economy was fixated on cod angling. The territories populace was generally provincial made out of enclaves which were called outports. Most of outporters lived in a semi-primitive relationship with the fish vendors called the ââ¬Å"truckâ⬠framework. To place it in a couple of words, the ââ¬Å"truckâ⬠framework was a deal arrangement of monetary relationship, which has dispensed with the idea of cash from the outports totally. Since the confederation, the legislature started the program that energized excursion of the outports and moving their occupants to greater urban areas (Ibid. p.4). Another unmistakable component of Newfoundland is its extraordinary patriotism and social duality. While Irish Catholic migrants rushed to St. Johns and Avalon Peninsula, the English Protestants favored north of the island and the outports (Dunn, 2006: 15). This has made one of the most genuine cleavages in the area split between the Irish and the English populace. Newfoundland could be considered as ââ¬Å"rurally fundamentalâ⬠and just halfway secularized society where religion despite everything assumes a significant job in everyday exercises. It stays more ââ¬Å"Britishâ⬠than some other area in Canada (Bellamy, Pammett, Rowat, 1976: 7-8). Quebec The settlements in Canadas New France were rising gradually in the beginning of colonization; be that as it may, workers moved in higher numbers once the hide exchange got one of the most significant staples in the district. After the settlement of Utrecht, all French North American terrains were moved heavily influenced by the British. French-talking populace despised such a change figuring, that it would compromise their lifestyles, their way of life and language (Croats, 2002: 18-19). Losing its North American grounds, France stayed far away in Europe, distracted with wars and matters in its residual states Quebec had all the earmarks of being cut off from its parent nation. The Catholic Church has filled in as a gatekeeper of Quebecs esteems around then and the Catholic ministry were viewed as a New Frances cultural pioneers. Despite the fact that the British were authoritatively in control they ensured the continuation of Quebecs culture and conventions as a byproduct of dedication to the Crown (Dunn, 2006: 20). This association went on for some, ages up until 1960s, when the ascent of exceptional patriotism in Quebec came about because of impact of English liberal thoughts and preservationist perspectives on the French. With retreating conservatism and rising liberal thoughts in Quebec in 1960s, the region started its journey for national self-assurance in a sparkle of overall decolonization. Reasonable for state, it was somewhat a chain response to occasions that were going on in various previous French provinces one after another, especially in Africa (Ibid. p. 22). The death of Bill 101 of every 1977 by the Quebecs National Assembly has been viewed as an indication of help to the French; The Bill was the principal strong record to guarantee the changelessness of their way of life and language. The creators of the Bill looked to make French prevailing in the region and to turn around the segment patterns which appeared to be neutralizing them. Such an uncommon change has influenced the English-talking populace of Quebec contrarily; despite the fact that there has been a lot of protection from the new laws by open administrations, broad communications and work developments the institutional separation in Quebec is as yet present everywhere (Clift and McLeod Arnopoulos, 1984: 186, 201-2). Quebecs conservatism, progressivism and radi
Sunday, July 19, 2020
10 Natural Ways to Stay Focused and Sharp
10 Natural Ways to Stay Focused and Sharp February 03, 2020 Thomas Barwick/Stone/Getty Images More in Self-Improvement Holistic Health Happiness Meditation Stress Management Spirituality Inspiration Brain Health Technology Relationships There are many natural ways to stay focused and sharp. From alternative therapies to herbal remedies, these natural approaches can help boost your productivity, protect your brain health as you age, and improve your overall wellbeing. Nutrition to Stay Focused Getting your fill of certain types of foods may help you stay focused and sharp. Fish and Flaxseed Flaxseed and oily fish like salmon and sardines are high in omega-3 fatty acids, a type of essential fatty acid that plays a key role in preserving brain health. A report published in Advances in Nutrition in 2013, for example, indicates that omega-3 fatty acids may help fight aging-related impairment in brain function. Whats more, some research shows that omega-3 fatty acids may help improve attention.?? In a study published in Neuropsychopharmacology in 2015, omega-3 supplementation was found to reduce symptoms of inattention in children.?? Antioxidant-Rich Foods Antioxidant nutrients may offer some protection against an aging-related decline in cognition (i.e., the set of mental abilities associated with processes like attention, memory, and problem-solving), according to a research review published in the European Journal of Nutrition in 2013.?? Looking at 10 previously published studies, the reviews authors found some evidence that antioxidant nutrients such as vitamin C and vitamin E may help slow the rate of cognitive decline. Green Tea A rat-based study published in Brain and Cognition in 2008 suggests that green tea consumption may enhance learning and memory.?? Furthermore, a pilot study published in the journal Nutrients in 2014 found that daily green tea intake helped improve cognitive function in a small group of older adults.?? Natural Remedies for Brain Health A number of herbal remedies show promise as a natural approach to staying focused and sharp. Heres a look at the science behind two of those remedies. Curcumin Sourced from the herb turmeric, curcumin has been found to enhance cognitive function in some preliminary research. Additionally, a preliminary study published in the International Journal of Biochemistry and Biophysics in 2015 determined that curcumin may increase brain levels of docosahexaenoic acid (an omega-3 fatty acid found to have beneficial effects on cognitive function).?? Rosemary Daily intake of the herb rosemary may boost cognitive performance and sharpen memory in older adults, according to a small study published in the Journal of Medicinal Food in 2012.?? How Rosemary Improves Memory and Cognition Lifestyle Practices for Better Concentration Lifestyle behaviors can also help you stay focused and sharp. Getting Sufficient Sleep A great deal of research has shown that sleep deprivation can have a profoundly negative impact on cognitive function, including damaging effects on focus and memory.?? Exercising A study published in Neurology in 2010 suggests that walking at least six miles per week may preserve memory in older adults. The study also found that regular exercise helped fight aging-related shrinkage in brain size.?? Managing Your Stress Like skimping on sleep, letting your everyday stress go unchecked can greatly impair cognitive function.?? To stay focused and sharp, its crucial to take everyday steps to lower your stress levels. Mind-Body Techniques for Greater Focus Not only helpful in relieving stress, but the following mind-body techniques may also help you stay focused and sharp. Meditation In a study of 40 undergraduate students (published in the Proceedings of the National Academy of Sciences of the United States of America in 2007), researchers observed that five days of 20-minute meditation training helped improve attention, as well as lower anxiety, fatigue, anger, and depression.?? Tai Chi Published in the American Journal of Preventive Medicine in 2015, a review of nine previously published studies shows that taking up tai chi may help improve attention, memory, and other measures of cognitive ability in healthy adults.???
Thursday, May 21, 2020
The And The Island Of Misfit Toys - 1135 Words
ââ¬Å"Welcome to the island of misfit toys,â⬠Sam says to Charlie. This line declares Charlie as a permanent part of the group, and encompasses the feeling that Charlie has throughout his life, as well as the rest of the people in the group. Several of the characters within the movie feel as though they do not belong, but reach a sense of belonging when they are with this group of people. Social psychology has five important themes that explain a few of the situations the characters experience, including: conformity, persuasion, self-justification, aggression, and prejudice. Conformity is a dominating theme from start to finish and seen in several of the characters, but Charlie falls victim to this often. Beginning with him meeting Sam and Patrick, it can be said that he never says no to anything, he just goes along with it to stay friends. Two prime examples of this are: the drugs/drinking and the relationship that Mary Elizabeth forced onto Charlie. The first example is the d rugs and the drinking; perceived as conformity, since they did not force either of the items down his throat. Identification is changing personal beliefs to be like the influencer, which is a primary motivator for Charlieââ¬â¢s actions. Charlie is compliant when Mary Elizabeth forces a relationship onto him, which is another example of conformity. Compliance motivates by either a reward or a punishment and in this case, both motivate Charlie. He states in the movie that he just accepted being her boyfriendShow MoreRelatedThe Internet Of Things By Kevin Ashton Essay1133 Words à |à 5 PagesWhen the term ââ¬Å"Internet of Thingsâ⬠is first heard, some might envision a snow covered island inhabited by misfit toys that is stumbled upon by Rudolf the Red Nosed Reindeer and companion Hermey like in the childrenââ¬â¢s Christmas classic Island of Misfit Toys. However, it is quite the opposite. The ââ¬Å"Internet of Thingsâ⬠is a simple term used by tech geeks to describe the everyday electronics that connect and communicate to one another via the world wide web. So, how does the communication of millionsRead MoreA Commercialized Christmas Essay1079 Words à |à 5 PagesAmerica. First of all, come the time of year, shopping places the traditional ideas of respecting one another and putting others first on the backburner, the swiping of the credit card the most significant action that can be demonstrated. In a Long-Island Wal-Mart on Black Friday a few years back, one worker was killed by a mob of frenzied shoppers while four others, including a woman eight months into her pregnancy, were injured (ââ¬Å"Worker Diesâ⬠). I detest the idea that an object of monetary value isRead MoreEssay 18 Reasons Why a Shopper Abandons their Shopping Cart958 Words à |à 4 Pagesnot go through with purchasing those products. Instead, items stay in the shopping cart only to never find their way to a loving home. That abandoned shopping cart is a lot like the ââ¬Å"island of misfit toys,â⬠in the Classic film, Rudolph the Red-nosed Reindeer, except the products left behind live on, ââ¬Å"Cyber Island of abandoned shopping carts.â⬠Why, oh why, do people not go through with the purchase transaction? ââ¬Å"The Average Shopping Cart Abandonment Rate is over 65 percent,â⬠more than half theRead MoreThe 2012 Film The Perks of Being a Wallflower1233 Words à |à 5 Pagesââ¬Å"wallflowerâ⬠is defined as someone who is unpopular, shy and is set apart from dances or parties. On the contrary, Patrick states to Charlie, ââ¬Å"You see things and you understand. Youââ¬â¢re a wallflower.â⬠Sam then says to Charlie, ââ¬Å"Welcome to the island of misfit toys.â⬠Metaphorically and genuinely, Sam and Patrick welcomed Charlie has part of their group. Charlie adapted to their culture by partying, doing drugs, and attending and also taking part of Rocky Horror Picture shows. Charlie experiences a lotRead MoreThe Desire For Good And Evil Is A Free Choice1936 Words à |à 8 PagesI want to impede the situation. Discouraged, I walked on, knowing Iââ¬â¢d find more people to help. But as I walked, I studied each person I passed. And as I walked further and further down, with each block, Division slowly morphed into this island of misfit toys. Destitute, displaced, and dispossessed, men stumble, often drunk, lingering on corners. Although I found plenty to help, I knew it would have been immensely unwise of me to stop and try to help, even though I believed they needed it too. FeelingRead MoreEssay on Controversy Behind South Parks Ethics2585 Words à |à 11 PagesSexual Harassment Panda, Sexual Harassment Panda visits Mr. Garrisons class. Cartman Sues Stan for sexual harassment and Kyles dad is getting rich. 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Experimenters unceasingly explore the world intellectually and experientially, holding convictions at bay and testing hypothesesRead MoreJuvenile Crime Issues in Todayââ¬â¢s Criminal Justice System18893 Words à |à 76 PagesINTRODUCTION A few years ago, 13-year-old Tavaris Knight was convicted by a criminal court jury in Tampa, Florida, of kidnapping and raping a 43-year-old woman. Prosecutors proved that Knight, who was 12 at the time of the offense, had used a silver toy gun to force the woman away from her four young children at a playground and into the surrounding woods. Knight raped the woman twice and beat her with the gun, which he left behind.2 Knightââ¬â¢s case had been transferred to adult criminal court becauseRead MoreMetz Film Language a Semiotics of the Cinema PDF100902 Words à |à 316 Pagestendencies of the modern spirit and civilization. In its moments of excess, when inspiration would desert it, montage cinema (other than in Eisenstein s films) came at times very close to being a kind of mechanical toyââ¬âin a world, it is true, where erector sets are not the only syntagmatic toys to captivate our children, who acquire a taste for manipulation in their playing, which, if they later become engineers, specialists in cybernetics, even ethnographers and linguists, may be extended into a wholeRead MoreStephen P. Robbins Timothy A. 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Wednesday, May 6, 2020
The Effects Of Global Warming On The Climate Change
Today, one of the major threats that our planet is facing is the climate change. The temperature of the earth is warming day by day. According to many scientific researches, conducted on climate change have resulted that sudden climatic changes are the cause of global warming in the environment. The term ââ¬ËGlobal Warmingââ¬â¢ is defined as the gradual increase in the temperature of the earthââ¬â¢s atmosphere due to the greenhouse effects which results in the corresponding changes in the climate. According to IPCCââ¬â¢s research, Earthââ¬â¢s global temperature is increasing by 1.4 degrees F since 1880. As a result of global warming, there has been occurring imbalance in the environment. Through this research paper, I expect to find out how are the climatic changes due to global warming a threat to our planet? It covers all the effects, present and future consequences of global warming, impact of global warming on the climate, etc. There are various human and natural c auses of global warming. All these causes contribute to the amount of greenhouse gases which are the major cause of warming of the earth atmosphere. Human activities like deforestation, burning of fossil fuels, emissions from manufacturing industries, emissions of greenhouse gases like CO2, CFCs, NO2 and halocarbons which is a group of gases containing fluorine, chlorine and bromine. Burning of fossil fuels like petroleum, coal, etc. release carbon which combines with oxygen in the air to form carbon dioxide which is aShow MoreRelatedGlobal Warming And Its Effect On Climate Change Essay1362 Words à |à 6 PagesThe global warming is a controversial and debated topic, but it is no surprise to most people. When we think about our future, we only think about our personal life effects and benefits. Global warming is also an important and troubling situation going on the planet earth. Changes in climate can be resulted from both human activities and natural. Human activities involve car eless actions and burning fuels. On the other side, natural events cause climate change by volcanic eruptions. Human activitiesRead MoreGlobal Warming And Its Effects On Global Climate Change1302 Words à |à 6 PagesGlobal Warming was first measured in the 1930s, but it was assumed that the CO2 would be absorbed by the ocean without an harm, so it was not taken as a problem. Climate change is a prominent issue that has been debated on for quite a few decades. According to wikipedia, ââ¬Å"climate change is a change in global or regional climate patterns, in particular a change apparent from the mid to late 20th century onwards and attributed largely to the increased levels of atmospheric carbon dioxide producedRead MoreThe Effects Of Global Warming On Climate Change1012 Words à |à 5 Pagescalled climate change. This period of time may be more than a decade of length. To perform studies on climate change is very important for increasing yields and for insuring the crops for the farmers of the modern day. These studies were used historically too and have helped the agricultural community to grow crops over the same land decade after decade. At present the earthââ¬â¢s average temperature continues to increase. One reason for this is Global warming. There are many negative effects of globalRead MoreThe Effects Of Global Warming On The Climate Change14 05 Words à |à 6 PagesGlobal warming, also referred to as climate change, has become a major political topic within recent years. Essentially, a controversial debate exists regarding the causes and subsequent impacts of global warming. Nevertheless, the current consensus by most experts is that evidence unequivocally supports the measurable impacts of global warming, such as increased temperatures, melting ice, etc. A literature review will be conducted in order to present scientific evidence that illustrates the impactsRead MoreClimate Change Is The Effect Of Global Warming936 Words à |à 4 PagesClimate change is the effect of global warming. Global warming is when the temperature of the earth is rising and this has many effects on the world we know. The greenhouse effect causes global warming. 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Rogerââ¬â¢s Chocolates Strategic Analysis Free Essays
CBAD-478*5 Rogersââ¬â¢ Chocolates I-case Strategic Assessment Report November 13, 2012 Dr. Janice Black Dara Servis Executive Summary Rogersââ¬â¢ Chocolates specializes in a wide variety of premium chocolates that are enjoyed by all who experience the products. Whether looking for a truffle, nut and chews, or premium ice cream, consumers can always expect high quality, handcrafted products. We will write a custom essay sample on Rogerââ¬â¢s Chocolates Strategic Analysis or any similar topic only for you Order Now The firm prides themselves on high quality products and unique customer experience. Throughout the dissection there were many opportunities and weaknesses to uncover. Strong consumer loyalty is an important strength that can help increase word-of-mouth of the brand. Many people look for information for new brands online through websites, reviews, and blogs. Loyal consumers can partake in a blog discussing the greatness of Rogersââ¬â¢ Chocolates to help spread awareness of the brand to consumers who do not know about them. In addition, extending the in-store chocolate experience that Rogersââ¬â¢ provides, to the web, may draw in consumers through interactivity of their website and help build stronger relationships in the future. A major weakness uncovered at this time, is Rogersââ¬â¢ employees cautious of change as they believe it will compromise Rogersââ¬â¢ long-standing history and reputation. Newer technologies are available to make their jobs easier and more efficient as well as increase consumer awareness. If they gradually introduce new technologies into the company and involve employees in the transition process, the resistance to change should ease because employees will not feel as if the company is changing or sacrificing its history, but improving to create a long-lasting and profitable future. A brief description of what will be dissected in the body of the assessment report for Rogersââ¬â¢ Chocolates consists of: the area of operations, external analysis, internal analysis, and the plan of action which will be developed in-depth in the body and appendices of the assessment report. This individual assignment challenged my ability to write throughout this writing intensive course. Table of Contents Executive Summary2 Apple Analysis5 Areas of Operation5 Present Strategic Profile6 Performance Assessment6 Leadership and Governance6 Essential Challenges7 External Analysis7 Current Industry Framework7 Five Forces Analysis7 Key Success Factors7 Strategic Group Map8 Closest Competitors8 PESTLE Analysis8 Critical Change Summary with Opportunities and Threats8 Internal Analysis9 Strategy Diamond9 Internal Analysis Alignment9 Balanced Scoreboard9 Resources and Capabilities9 Creating Value9 Competitive Strength Assessment10 Summarizing Internal Analysis10 Plan of Action10 SWOT/TOWS Analysis10 Recommendations10 Implementations and Execution11 Works Cited12 APPENDIX A: Areas of Operations13 APPENDIX B: Present Strategic Profile21 APPENDIX C: Performance Assessment30 APPENDIX D: Leadership Governance39 APPENDIX E: Essential Challenges44 Appendix F: Current Industry Framework48 Appendix G: Five Forces53 Appendix H: Key Success Factors61 Appendix I: Strategic Group Map64 Appendix J: Closest Competitors Analysis66 Appendix K: PESTLE Analysis68 Appendix L: Critical Change Summary with Opportunities Threats70 Appendix M: Strategy Diamond77 Appendix N: Internal Analysis Alignment80 Appendix O: Balanced Scorecard84 Appendix P: Resources Capabilities86 Appendix Q: Creating Value90 Appendix R: Competitive Strength Assessment92 Appendix S: Summarizing Internal Analyses96 Appendix T: SWOT/TOWs Analysis100 Appendix U: Recommendations106 Appendix V: Implementations Execution110 Apple Analysis Areas of Operation Rogersââ¬â¢ Chocolate has many challenges but is in a good position to grow their business. The companyââ¬â¢s profits and revenues are continuing to increase but they are not keeping up with the competitors of the industry. To be able to expand as planned, Rogersââ¬â¢ is going to have to modernize and implement an integrated production planning and operational control to decrease its cost of operation. Hand processed and wrapped chocolates need to become part of the past except for possibly putting that final touch on a premium product line. They need to streamline and automate their production in order to improve the efficiency of their plant before they expand. They will need to compete in price and have the production capability to mass produce the planned lower end chocolate product line. Additionally the company needs to look to lower cleaning costs and reduce set up times. Due to the companyââ¬â¢s workplace culture, this will have to be implemented carefully. Rogersââ¬â¢ relies heavily on their British Columbia geographic segment which is where most of their retail stores are located. In the future Rogersââ¬â¢ Chocolate should consider branching out and testing other geographic areas for their retail stores. The wholesale business should be expanded though a selective process to acquire additional profitable wholesalers. The wholesale operational segment is an excellent vehicle to build sales without much capital expenditure. They will steadily increase Rogersââ¬â¢ sales and profits. An increase in sales and strong customer brand awareness will be created by the use of a well-executed web site design. This will serve as an asset to their loyal customers and attract potential younger customers. This firm has several critical stages on their value chain; suppliers, main factory, distribution processes, and finally service. They need to insure that they find more reliable providers of their tins and boxes so they are able to fill orders during the peak times. Rogersââ¬â¢ has very good control of their supply chain through company owned retail stores and wholesale distribution. See Appendix A. Present Strategic Profile Rogersââ¬â¢ corporate strategy is to aggressively grow their business. They want to double or triple the size of the corporation. In order to accomplish this goal they should look to their strengths in retail marketing. This helps to maintain control of the business and exploit Rogersââ¬â¢ premium brand while introducing new or existing products like their line of ice cream. They should look to open stores in similar areas keeping the Rogersââ¬â¢ customer experience of free samples and first class treatment. If they are able to open two need stores a year would add about ten percent to Rogersââ¬â¢ top line. With the projected growth of fifteen percent from existing retail stores Rogersââ¬â¢ will have the cash flow to finance the growth in retail store and increase advertising for online business. They should also look to grow sales and geographic presence through the wholesale business. See Appendix B. Performance Assessment For the small business that Rogersââ¬â¢ is, they appear to be doing quite well in their industry. Of course, not much can be determined about the overall direction the company is headed from just two years of data. However, with positive inventory turnover and a profitability ratio over 50% for both years, we can conclude that Rogersââ¬â¢ is holding their ground in the chocolate industry. A few areas of concern for the firm would be the negative figures for percent change in revenue and percent change in income from the horizontal analysis. The loss in revenue was only about two percent, but the loss in income was nearly 17%, which could be a concern if it continued. Again, we have to remember there are only two years of data and 2006 could have simply been an off year for the company and they did not perform up to their standards. See Appendix C. Leadership and Governance The assessments of the firmââ¬â¢s leadership have turned out to be very positive looking toward the future. Phoenix, Wong, and Bjornson have been working together for 15 years, and with Steve Parkhillââ¬â¢s insight and leadership as CEO of the company, the future is looking bright for Rogersââ¬â¢ chocolate. I fully believe that with Parkhill in the driverââ¬â¢s seat, this company is going to begin to grow exponentially as he said it would when he took over in 2007. With most of the TMT having stocks in the company, it is likely that most of them will be around for a while; and the more they work together the better off the company should be in the long run. See Appendix D. Essential Challenges Rogersââ¬â¢ Chocolate has many challenges but is in a good position to grow their business. The companyââ¬â¢s profits and revenues are continuing to increase but they are not keeping up with the competitors of the industry. To be able to expand as planned, Rogersââ¬â¢ is going to have to modernize and implement an integrated production planning and operational control to decrease its cost of operation. Hand processed and wrapped chocolates need to become part of the past except for possibly putting that final touch on a premium product line. They need to streamline and automate their production in order to improve the efficiency of their plant before they expand. They will need to compete in price and have the production capability to mass produce the planned lower end chocolate product line. See Appendix E. External Analysis Current Industry Framework Rogersââ¬â¢ Chocolate is in a good position for the current industry framework. They are capable of taking advantage of the growth in their industry and reap the rewards and benefits of increased profit because of their vertical integration opportunity. To make sure that they are able to p provide for increased demand they will need to look into the modernization of their production process to lower costs, increase their flexibility and output without sacrificing quality. A huge threat Rogersââ¬â¢ faces is the lack of expansion. This is a main concern since the industry is constantly growing and expanding. Rogersââ¬â¢ Chocolates depends on its status of a producer of the highest quality product. See Appendix F. Five Forces Analysis Rogerââ¬â¢s is in a strong position to fulfill its major goal of growth over the following years. Because it is a private corporation it has many avenues to attain financing. The major area where it needs to focus is to modernize its infrastructure concentrating mainly on the manufacturing process. With projected increase in its market by using its strong retail and regionals sales Rogerââ¬â¢s will be able to maintain profits from its sales. Through the use of selective wholesale partnershipââ¬â¢s and web Rogerââ¬â¢s has the capability to more than reach its goals. Once the factory is modernized profit margin will increase along with the ability to produce more products quickly and at a lower cost. See Appendix G. Key Success Factors Rogersââ¬â¢ Chocolates needs to continue to utilize the major key success factors that have made them successful and look towards newer technology to grow their business. Most important is to continue the use of high quality materials, integration with distributors, strong retail store presence, accurate order process and strong marketing of brand name. These factors have the most direct impact on our customers. Going forward to maintain success in the industry we mostly concentrate on the utilization of production assets to maintain quality, increase capabilities and realize osts savings. Rogersââ¬â¢ has a great product but to increase business and maintain market share we need the ability to compete with pricing at the wholesale level which will only be achieved by lowering our costs. Maintaining the brand name is also vital because it represents the company and creates customers loyalty that provides sales through delivering a high quality product. Some o f the major key success factors of the premium chocolate industry I found were the use of high quality materials, integration with distributors, accurate orders and brand name. These were the factors I found to have the most impact on firms in the industry. The use of high quality materials ensures that the final product will consist of the finest ingredients and deliver the best taste. Integration with distributors helps bring together suppliers and distributors and eliminate many simple but common problems. Accurate orders help to keep customers happy and coming back next time. Lastly, the brand name is one of the most important because it represents the company and creates customer loyalty by delivering a high quality product. See Appendix H. Strategic Group Map The two characteristics I chose for the Strategic group map were price/quality and geographic coverage. I believe these two characteristics distinguish the firms in the industry well based on their price and quality of their chocolate and their geographic market segments. The strategic group map shows how firms in chocolate industry price their products as well as how spread out the firm is corresponding to their geographic coverage. According to the strategic group map, the two closest competitors to Rogersââ¬â¢ chocolate firm are Bernard Callebaut and Godiva. This is because both Callebaut and Godiva are premium chocolate producers with similarities to Rogersââ¬â¢ in price and quality. However, Callebaut and Godiva are more global companies than Rogersââ¬â¢, because all of Rogersââ¬â¢ international sales are online. The map suggests that the Canadian chocolate industry is broken down into two segments, local lower cost firms and premium price global firms. Between the two segments, these firms dominate the industry and meet customersââ¬â¢ specific quality or price needs. The group map suggests that there may be slight overcrowding at the premium chocolate level. The lack of expansion is an important threat to consider when considering the congestion in market. There are three firms competing in the same market and trying to expand to a global presence. Also the group map shows there is a wide open space for a firm looking to produce a low-cost product at the multinational and global levels. This is a major opportunity for Rogersââ¬â¢ to expand into the new growing markets. See Appendix I. Closest Competitors Rogersââ¬â¢ Chocolates closest competitors are Godiva, Hersheyââ¬â¢s, Bernard Callebaut, Lindt, and Purdyââ¬â¢s just to name a few. The analysis was done on Godiva because the company is backed by Nestle and is a current competitor with Rogersââ¬â¢ Chocolate because of its strength in packaging, advertising and distribution. Godiva commands a high-price point because customers think of the brand as sleek, modern, glitzy and high quality. Godivaââ¬â¢s positioning is the most similar to the image Rogersââ¬â¢ aims to attain and likely appeals to similar target consumers. Unfortunately, in the Rogersââ¬â¢ Chocolates case that was provided in the e-book there is no sufficient evidence to complete the closest competitorsââ¬â¢ analysis. Therefore I cannot fully complete this worksheet. See Appendix J. PESTLE Analysis Rogersââ¬â¢ Chocolate has many challenges but is in a good position to grow their business. Rogersââ¬â¢ Chocolates investors want sales to double or possibly triple within the next 10 years. The key marketing opportunity is to raise company brand awareness. They strived to become a leader in the premium chocolate market category. The company also hopes to increase manufacturer capability and brand recognition of their product lines. Focus on the health conscious organic and sugar free products to attract a growing population of conscientious consumers. See Appendix K. Critical Change Summary with Opportunities and Threats Rogersââ¬â¢ going forward needs to build on their strong brand and further grow recognition of their premium brands. They must address their critical issues in their labor intensive outdated production process. A strategic plan has it be developed and implemented to utilize technology to replace old equipment to reduce the amount of time spent on set up and cleaning of the machinery. They mostly need to take advantage of newer technology to reduce costs and provide better utilization of production assets to be competitive in the industry. Through their existing retail business they need to closely watch how the retail store sales are affected by tourism and make steps to insure that they keep traffic up in the storefronts because of the high sales and profit margins. Expand the wholesale channel through strategic partnerships and aggressively utilize the internet to reach more customers. Rogersââ¬â¢ premium quality products will capture market share but the cost of production and material supply chain needs to be improved so the company will be able to grow and be competitive. See Appendix L. Internal Analysis Strategy Diamond Rogersââ¬â¢ based on its arena is very similar to it other regional competitors. Its strength is its superior quality that sets it apart. They are taking advantage of technology to increase sales outside their geographic area through the internet with online sales. Modernization of its production infrastructure has not been done so they will have higher costs then some of their bigger competitors. Improvement utilizing newer technology will help their bottom line and enable them to change many aspects of the company. They need the capability of changing their production line more quickly and streamlining this process to become more economical. If they are able to utilize new technology they would be in a better position to be more aggressive toward strategic moves and help differentiate them from their competitors. They do have a very good distribution system that uses vertical integration and is sound economically and will provide them with the ability to grow sales. See Appendix M. Internal Analysis Alignment When the firm was started in the late 1800ââ¬â¢s, Charles Rogers instilled a set of values in the company that are still practiced by employees at the firm today. The strategy of the company is focused on meeting customerââ¬â¢s expectations and continuing to produce the high quality chocolate products customers have come to love. The organizational structure of the firm facilitates communication between departments within the firm as well as assisting with the execution of the strategy. Rogersââ¬â¢ has applied multiple systems to assist with operations, with demand forecasting the most important of these. The culture at Rogersââ¬â¢ has been the same for many decades now, with employees displaying a high level of commitment and passion toward the company. Lastly, the skills required for Rogersââ¬â¢ to succeed are minimal, but could be greatly improved and shortened time-wise by improving the technology used in production. See Appendix N. Balanced Scoreboard Rogersââ¬â¢ has failed to meet either of the goals for stockholders, though the growth goal is a work in progress. Under internal stakeholders, the firm successfully excels in manufacturing and acquiring low-cost materials, but has failed to increase production. To please customers, Rogersââ¬â¢ is sure to concentrate on making only high-quality chocolate and getting orders accurate and delivered on time. The firm does an excellent job of focusing on their main product, chocolate, while it continues to plan a new manufacturing facility. See Appendix O. Resources and Capabilities For Rogersââ¬â¢ to be able to expand as planned by the new owners they will have to remain and concentrate on the high end chocolate industry counting on their strong vertical integration. They need to address the outdated manufacturing problem because of high costs associated with older equipment. Rogersââ¬â¢ will need to be able to expand in the future through the use of technology to automate production to reduce costs and increase capabilities. This will enable them to remain competitive and continue to have a high profit margin. See Appendix P. Creating Value The firmââ¬â¢s value chain activities include location, operations, finance, distribution, product development, sales marketing, and service. Combining Rogersââ¬â¢ Chocolates resources with their capabilities creates the specific activity that achieves each value. In turn, each value chain activity adds value to the customerââ¬â¢s overall experience. The operations portion can add value to the technology part of the PESTLE analysis. The distribution value chain activity will add value to the sociocultural/demographic and the economic part of the PESTLE analysis. See Appendix Q. Competitive Strength Assessment The premium chocolate industry is characterized by a high level of consolidation and fierce competition amongst the companies on all levels of the value chain. This competition has resulted in erosion of prices and margins for all concerned. Rogersââ¬â¢ Chocolates has a slight net competitive advantage based on quality against its closest rival, Bernard Callebaut. The scores suggest that the firms are very similar and share the same strengths or weaknesses. See Appendix R. Summarizing Internal Analysis Rogersââ¬â¢ Chocolates has many strengths and weaknesses that the firm is confronted with that are directly related to their critical issues. The most important strength that correlates to the critical issue of the firm is the production of high quality chocolate products. Customers are familiar with and love the delicious unique chocolate products Rogersââ¬â¢ offers. Without their high end chocolates Rogersââ¬â¢ would not be unique and would not be able to hold onto their customer loyalty. Ensuring that the consumers receive accurate orders maintains and increases customer satisfaction. The use of vertical integration has helped the company to prosper because they are able to sell their own products in store they own which creates much larger profit margins. The most influential weakness the firm suffers is a time consuming and labor-intensive production process. They need to take advantage of newer technologies in order to maintain a competitive advantage and increase efficiency. Another area of concern is the decreasing profitability ratio if the company fails to expand and thus considered an important weakness. Rogersââ¬â¢ has little to no control over the demand for chocolate and must really on popular advertisement and clever marketing during the changing seasons throughout the years. See Appendix S. Plan of Action SWOT/TOWS Analysis The top three critical issues for Rogersââ¬â¢ Chocolates are a health conscious market, lack of expansion, and long and costly research and development. The recommended strategy for a health conscious market is the power play strategy which will allow the company to use their strong brand image and loyal customer base to reach out to the new and growing market. The strategy recommended for lack of expansion is also the power play strategy. The firm must use their strong brand image and loyal customer base to expand into new markets and demographics. To address the critical issue of a long and costly RD the firm must use a maximum exposure strategy consisting of developing new technologies and manufacturing processes to develop a new product line geared toward the shifting social trends of the new and younger demographics. See Appendix T. Recommendations This was based on what we are able to control. The primary focus of the firm should be expanding into new markets especially into the organic and health conscious market. This will allow the firm to penetrate a new customer demographic while also working on their need for expansion. Expanding to new regions something that we are capable to address and will benefit the company the most by increasing customer satisfaction and sales immediately. This is critical for our company to succeed and will help with several of the other areas. In order to effectively expand into these new areas, the company will need to restructure their resources and operations to be more efficient while maintaining their levels of quality. The order of implementing the recommendations would be: 1. 2. Lack of Expansion 2. 3. Time and Money RD 3. 1. Organic health conscious See Appendix U. Implementations and Execution In this appendix is Rogersââ¬â¢ Chocolates top three critical issues restated in-depth along with each recommendation. Each recommendation has an implementation and execution plan that consists of a time frame for when certain tasks need to be carried out. Followed by, a pro-forma balanced scorecard for each critical issue and the corresponding recommendation. The balanced scorecard displays the stakeholders (stockholders, employees, customers, learning and growth) goals and expected outcomes they will see from each recommendation. Finally, the stakeholdersââ¬â¢ impact summary for each recommendation concludes this appendix. See Appendix V. Works Cited Parker, P. (n. d. ). INSTEAD. Retrieved 2012, from The World Outlook for Chocolate and Chocolate Type Confectionery: http://www. market-research. com/,February 20,2007 Servis, D. 2012, October). Common Knowledge. (D. Servis, Interviewer) APPENDIX A: Areas of Operations Section: 5Team #: Black 6: Network Kings Dara Servis- Individual APPLE Analysis *A I. Identify the Task: Where? i. Rogersââ¬â¢ Chocolates ii. Rogersââ¬â¢ iii. Specializes in the manufacturing and sales of unique, high quality chocolates and operates a Delicatessen business. iv. Candy Industry and Food Service v. R etail, wholesale, online/mail order sales, and Samââ¬â¢s Deli. II. Areas of Operation: vi. Segment Assessments (Operating and Geographic): Operating segmenting areas: 1. Retail ââ¬â Selling chocolate and ice cream products through company owned stores. 2. Wholesaling ââ¬â Distribution of chocolate products through wholesale accounts. 3. Online/Mail order sales ââ¬â Chocolate products. 4. Samââ¬â¢s Deli- Full service delicatessen products. Geographic: a. Canada 1. Alberta 2. BC 3. Manitoba 4. Newfoundland 5. New Brunswick 6. Nova Scotia 7. Ontario 8. Prince Edward Island 9. Quebec 10. Saskatchewan 11. Yukon 12. British Columbia * Victoria, Sidney, Oak Bay, Vancouver, and Whistler. b. USA 13. Arizona 14. Colorado 15. Illinois 16. Indiana 17. Michigan 18. Missouri 9. New York 20. Oregon 21. Texas 22. Washington 23. Virgin Islands Table 1 Operating Segment Sales, 2005-2007 for Rogersââ¬â¢ Chocolate| Segment| 2005 Sales| %| 2006 Sales| %| 2007Sales| %| Retail | 4,900,000. 00 | 52%| 5,440,000. 00 | 51%| 6,019,000. 00 | 51%| Wholesaling| 2,430,000. 00 | 26%| 2,890,000. 00 | 27%| 3,190,000. 00 | 27%| Online/Mail order sales | 892,471. 00 | 9%| 945,854. 00 | 9%| 1,045,854. 00 | 9%| Samââ¬â¢s Deli| 1,188,000. 00 | 13%| 1,429,800. 00 | 13%| 1,598,000. 0 | 13%| TOTAL| 9,410,471| 100. 00%| 10,705,654| 100%| 11,852,854. 00 | 100%| The table above reflects the sales for Rogersââ¬â¢ Chocolate over a three year period. The income is divided by segment and shows what percent the segment contributed to the overall income. Table 2 | | | | Profitability| 2005| 2006| 2007| Gross Profit Margin| 55. 2%| 54. 6%| 53. 2%| OperatingProfit Margin| 58. 2%| 55. 9%| 54. 2%| Net Profit Margin| 8. 9%| 7. 5%| 7. 9%| Return on Total Assets| 13. 6%| 11. 7%| 12. 2%| Liquidity| | | Current Ratio| 1. 24| 1. 36| 1. 29| Leverage| | | Debt to Assets Ration| 43. 9%| 32. 4%| 29. %| Debt to Equity Ratio| 78. 2%| 48. 0%| 45. 2%| The Table above is the selected financial ratios for Rogersââ¬â¢ Chocolates 2005-2007 a. Rogersââ¬â¢ major products include high-quality chocolate, hand- wrapped chocolates that includes the premiere line, pure milk cho colate, dark chocolate and white chocolate bars. Other important products are Victoria Creams, nuts and chews, almond bark, nutcorn and various assortment specialties. The company differentiates their major chocolate lines by breaking their products into Chocolate Collections, Gift Collections, Business Gifts, Occasions and Tasting Club. Within these chocolate lines, products are organized by gourmet, organic and no sugar added to determine quality and ingredients. The company also offers the following specialty items truffles, chocolate dipped ice cream bars and ice cream, nuts, caramels, brittles, orange peel and baking and dessert sauces. b. The company purchased Samââ¬â¢s Deli, a restaurant, in 2004 which is the only business venture outside their core business. Samââ¬â¢s Deli also sells Rogersââ¬â¢ chocolate products. c. Rogersââ¬â¢ main office is located above its lead retail store in the Inner Harbor area of Victoria, British Columbia. They have one production plant located near Victoria, British Columbia. Planning , research and development are performed in the above two sites. The company distributes their products through a network of company owned stores, wholesale accounts and online and mail orders processed in main office. They own 9 retail stores located in western Canada. Rogersââ¬â¢ has 600 wholesale accounts that are broken into five categories mostly located in Canada with a handful of accounts in the United States: 1. independent gift/souvenir shops 2. large retail chains 3. ourist retailers, such as duty-free stores, airports or train station stores and hotel gift shops 4. corporate accounts that purchased Rogersââ¬â¢ products for gifts for customers or employees 5. specialty high-end food retailers * Thrifty Foods on Vancouver Island * Sobeys in Western Canada * Sunterra in Alberta * Whole Foods in Toronto, Oakville and Vancouver. d. The below Pie Chart shows Rogersââ¬â¢ Chocolates percentag e of Sales Revenue for 2007 operating segments: e. A seasonal industry pattern is what Rogersââ¬â¢ Chocolates can best rely on. They are aware that their customers buy certain products during different seasons. For instance, there was a greater demand for ice cream and souvenir items in the spring and summer. While the significant amount of the companyââ¬â¢s core products were sold during the fall and Christmas season. I predict online sales to increase significantly in the future targeting new and younger customers. Additionally, sales will steadily climb through the accumulation of additional wholesale accounts. f. Rogersââ¬â¢ Chocolate is geographically segmented mainly in Canada and with a small presence in the United States. The majority of sales for Rogersââ¬â¢ Chocolate are from the retail stores located in tourist areas such as Victoria and other locations in Western Canada because of its strong regional base. By slowly introducing and marketing their brand as a premium chocolate they should be looking to increase their presence in niche areas in the United States. I would look to introduce retail stores in locations that resemble their Canadian stores and incorporate additional wholesalers in demographic areas of high income earners. g. One of the challenges Rogersââ¬â¢ faces is to expand their brand to other parts of Canada and into the United states. They have been successful around the Victoria area for over 125 years which in turn provides them with loyal customers that understand the brand and have grown up buying and eating Rogersââ¬â¢ chocolates. They will have to find an efficient way to market their brand to get new areas interested in Rogersââ¬â¢ verses the more widely known brands such as Purdyââ¬â¢s, Lindt and Godiva. Through careful expansion in the retail stores and the use of more wholesale accounts sales should slowly increase. Increase marketing strategies in order to gain market share in their Ice Cream products. Expand and modernize manufacturing in order to maximize production and distribution. h. Rogersââ¬â¢ is not a very complex firm in the sense that they have a limited product line and a simple value chain of activities. Based on that 50% of their sales are produced through their company owned stores and they only have one manufacturing plant. i. The limited amount of activities is appropriate for Rogerââ¬â¢s based on the companyââ¬â¢s size, sales figures and profit margins. With the use of these activities in place they will be able to expand a controlled rate into new geographic markets. It is a simple model that works and they are very familiar with. Online sales should steadily grow and benefit with any expansion in the other operating segment. Rogersââ¬â¢ will be able to reach sales projections and further familiarize their brand by using the internet as a vehicle to bring sales from customers worldwide. In this way, the customer base does not have to depend on a storefront for purchases. j. Rogersââ¬â¢ Chocolates will continue to expand targeting new geographic markets and increase consumer awareness of their products. Building on small but strong customer base, they should be able to increase business with the first- class, top of the line, premium chocolate experience Rogersââ¬â¢ provides. i. Key Value Chain Activities/Vertical Integration Picture 1 Service Service Distribution Processes Distribution Processes Main Factory Main Factory Wholesale Wholesale Retail Retail Online/Mail Orders Online/Mail Orders Raw Material Suppliers: ~West Africa ~China ~Canada Raw Material Suppliers: ~West Africa ~China ~Canada Samââ¬â¢s Deli Samââ¬â¢s Deli Picture shows Rogersââ¬â¢ Chocolateââ¬â¢s value chain. Picture shows Rogersââ¬â¢ Chocolateââ¬â¢s value chain. Rogersââ¬â¢ uses vertical integration by producing and selling their products through company owned stores. Rogersââ¬â¢ uses its main factory to produce their products and then sells wholesale to stores that carry their brand. * Rogersââ¬â¢ benefits from vertical integration because it attains 50% of its sales from their comp any owned retail stores. The retail stores are more profitable than the wholesale accounts because they make the entire profit from the sale. * The fact that the majority of their stores are located in one geographic area is a challenge that Rogersââ¬â¢ has to overcome in order to expand their business profitability. They demonstrate excellent regional branding and loyalty. Now they need to pursue new locations and advance their reputation to other geographic areas in order to successfully branch out to open new stores in other geographic markets. Rogersââ¬â¢ can take advantage of the chain wholesalers they have such as Whole Foods and Crab Tree and Evelyn, to implement their products in the United States. They can test new market areas through their numerous wholesale accounts to see if it would be profitable to open additional retail stores in targeted areas. They can also use kiosk sales in various malls during the holidays to determine profitability of geographic area. ii. Evolutionary Learning/Adjustments and Vehicles Used Table above shows a brief overview of the companyââ¬â¢s development over time. (Website) k. Major milestones: Major Milestones for Rogersââ¬â¢ Chocolates includes Charles Rogers invention of the Victoria Cream and the opening of the first retail shop in Victoria. Another huge milestone was that the company remains open, continues to be successful and shows growth even after the death of Charles Rogers for over 120 years. l. Firm learned/gained: Rogersââ¬â¢ has correctly segmented the market for their products by shifting focus on the retail market by planning additional stores. This will increase their geographic area and introduce their products to a larger market. Rogersââ¬â¢ has expanded their product scope. They are also learning how to use the internet more effectively to increase sales and advertise their product lines. m. Firm lost/sacrificed: There are many areas where improvements could be developed. Geographic segmentation could be better defined and developed. Rogersââ¬â¢ has not challenged its competitorââ¬â¢s due to its slow development from its geographical area. Franchisee development along with better integration of wholesalers and retail chains could help Rogersââ¬â¢ gain a controlled entry into other geographic regions. n. Futures: Rogersââ¬â¢ Chocolates investors want sales to double or possibly triple within the next 10 years. The key marketing opportunity is to raise company brand awareness. They strived to become a leader in the premium chocolate market category. The company also hopes to increase manufacturer capability and brand recognition of their product lines. Focus on the health conscious organic and sugar free products to attract a growing population of conscientious consumers. I. Conclusion: Overall, Rogersââ¬â¢ Chocolate has many challenges but is in a good position to grow their business. The companyââ¬â¢s profits and revenues are continuing to increase but they are not keeping up with the competitors of the industry. To be able to expand as planned, Rogersââ¬â¢ is going to have to modernize and implement an integrated production planning and operational control to decrease its cost of operation. Hand processed and wrapped chocolates need to become part of the past except for possibly putting that final touch on a premium product line. They need to streamline and automate their production in order to improve the efficiency of their plant before they expand. They will need to compete in price and have the production capability to mass produce the planned lower end chocolate product line. Additionally the company needs to look to lower cleaning costs and reduce set up times. Due to the companyââ¬â¢s workplace culture, this will have to be implemented carefully. Rogersââ¬â¢ relies heavily on their British Columbia geographic segment which is where most of their retail stores are located. In the future Rogersââ¬â¢ Chocolate should consider branching out and testing other geographic areas for their retail stores. The wholesale business should be expanded though a selective process to acquire additional profitable wholesalers. The wholesale operational segment is an excellent vehicle to build sales without much capital expenditure. They will steadily increase Rogersââ¬â¢ sales and profits. An increase in sales and strong customer brand awareness will be created by the use of a well-executed web site design. This will serve as an asset to their loyal customers and attract potential younger customers. This firm has several critical stages on their value chain; suppliers, main factory, distribution processes, and finally service. They need to insure that they find more reliable providers of their tins and boxes so they are able to fill orders during the peak times. Rogersââ¬â¢ has very good control of their supply chain through company owned retail stores and wholesale distribution. APPENDIX B: Present Strategic Profile Section: 5Team #: Black 6: Network_Kings Dara Servis- Individual APPLE Analysis I. Present Strategic Profile: Why? i. Strategy Identification: International Strategies International Strategies The Strategic profile of a firm indicates why the firm is performing the activities it is involved in as well as why it is operating the way it is. The firmââ¬â¢s leadership typically develops strategies at different stages, as seen in Figure 1 below. * Figure 1 shows the Layers of Strategy in an Organization A. Corporate Level Strategy A corporate strategy describes why a firm is operating the way it is and what industries the firm is included in. There are five diversification strategies within corporate strategy, which are described in Table 1 below. Strategy Type| Degree of Diversification| Benefit (allows the firm toâ⬠¦):| Single Business| Over 95% of sales from a single industry| Focus all efforts and resources on a single industry| Dominant Business| 70 ââ¬â 95% of sales from a single industry| Focus mainly on a single industry, but recognize significant sales from other industries ââ¬â usually due to vertical integration efforts| Related Diversification| Less than 70% of sales from a single industry| Share resources and/or knowledge ; skills; realize synergistic economies of scope or scale; gain market power| Hybrid (Mixed) Diversification| Less than 70% of sales from a single industry| Realize economies of scale and/or scope across some divisions, but also competitive engagement across sectors for resource distribution and financial synergies| Unrelated Diversification| Less than 70% of sales from a single industry with no clear relationships/sharing across remaining industries| Benefit from corporate parenting and/or financial synergies| * Table 1 displays the Corporate Level Posture of a Strategic Profile a. Rogersââ¬â¢ Chocolate is a dominate Business corporate strategy type. b. Chocolate is the major product that produces 70 to 80 percent of Rogersââ¬â¢ sales. The restaurant, ice cream and specialty products account for the other percentage. c. Because they are not very diversified they are able to concentrate and take full advantage of their expertise of producing high quality chocolate. Because they are vertically integrated they and will be able to benefit from low transportation costs, have control over supply chain coordination and maintain the high profit margin from their retail stores. d. Rogersââ¬â¢ is unable to take full advantage of having one manufacturing plant to control and lower costs due to its outdated manufacturing technology. This would represent a significant advantage for Rogersââ¬â¢ in pricing when they are able to decrease production costs to produce a better ROI and provide the capability to expand in the future. e. It demands that they pay close attention to their suppliers in order to insure quantity and quality of raw ingredients. This is extremely important due to the seasonality of sales. They need to maintain early production scheduling for the wholesale business and a shorter schedule for the retail sales. B. Business Level Strategy The business level strategy identifies the firmââ¬â¢s generic competitive strategy, whether or not it seeks to redefine industry competition, how quickly it plans on expanding to new markets, and its overall approach to the marketplace. * Strategic Advantage Strategic Advantage Business Level Differentiation Differentiation Low-cost Low-cost Strategic Target Strategic Target Broad: (i. e. , industry wide) Broad: (i. e. , industry wide) Broad Differentiation Broad Differentiation Broad low-cost Leadership Broad low-cost Leadership Narrow: (i. e. , particular segment only) Narrow: (i. e. , particular segment only) Integrated Best Cost Provider Integrated Best Cost Provider Focused cost Leadership Focused cost Leadership Focused Differentiation Focused Differentiation * Above Figure 2 displays the Competitive Strategy Model 1. Generic Competitive Strategy a. Rogersââ¬â¢ strategy can be identified as a focused differentiation strategy because their strategic target is narrow. Rather than being a low-cost firm they use differentiation to gain a strategic advantage that helps distinguish their chocolates from the competitorsââ¬â¢. b. The firm has a 127-year history of providing its customers with only the highest quality, most excellent and delectable chocolate products. This has created an exceptional amount of value for customers over the years. c. Generally Rogersââ¬â¢ Chocolates is considered a small firm, with just over 300 employees and only 11 retail stores, located mostly in Western Canada. However, the firm still had over $11 million in sales in 2006 and is one of the top premium chocolate brands in Canada. d. Rogersââ¬â¢ is able to stay competitive and ahead of competition by continuing to please and satisfy their current baby-boomer customers. They maintain loyal valued customers while also bringing in a younger crowd with their tourism and downtown locations. 2. Costs of Good Sold Table 2 Cost of Sales| 2005| 2006| Amortization of Property ; Equipment| 108,759| 135,358| Direct Labor| 1,677,247| 1,545,794| Direct Materials| 2,745,995| 1,770,603| Overhead| 846,186| 1,933,306| TOTALS| 5,378,187| 5,385,088| * Table 2 shows the cost of goods sold for Rogersââ¬â¢ Chocolates in the years 2005 ; 2006. Table 3 Cost of Materials ; Supplies ($ Billions)| YEAR| Cost of Materials ; Supplies| 2001| 0. 4| 2002| 0. 5| 2003| 0. 6| 2004| 0. 6| 2005| 0. 6| 2006| 0. 7| 2007| 0. 8| 2008| 0. | 2009| 1. 1| 2010| 1. 0| * Table 3 shows the cost of goods sold for companies in the chocolate industry in Canada (acquired from www. ic. gc. ca). In 2005, the average cost of goods sold per firm in Canada was $17,647,058 found by 600,000,000/ 34 (number of chocolate industry firmsââ¬â¢ active in Canada). In 2006, the average cost of goods sold per firm in the chocolate industry in Canada was $20,588,235. Graph 1 * The graph above shows the cost of goods sold relationship between Rogersââ¬â¢ chocolates and the rest of the Canadian chocolate industry. a. Normally, a value below the industryââ¬â¢s average would signal a low-cost generic business strategy. With Rogersââ¬â¢ chocolates however, the firm uses only the finest ingredients during production, which are not the lowest costing materials. Rogersââ¬â¢ is much smaller than most of the industryââ¬â¢s firms, having only one production plant and still bringing in over $11 million in sales annually. b. Another good indicator that Rogersââ¬â¢ is following a differentiation strategy is the firms overall emphasis on quality, their high quality raw materials, the attractive labeling and packaging on all their products, and most of all the highly regarded brand name. 3. Geographic Scope a. Rogersââ¬â¢ participation in the market can be best described as both regional and global. All of the firmââ¬â¢s retail stores, Samââ¬â¢s Deli, and most of the wholesalers that sell Rogersââ¬â¢ chocolates are located in Western Canada. The retail stores, wholesale accounts and Samââ¬â¢s Deli account for 50%, 30%, and 10% respectively. The rest of the sales come from Online, phone, and mail orders. Rogersââ¬â¢ will ship their delicious products all around the world, helping bring a global aspect to the company. 4. Client Firm Type a. Out of the four typologies of strategic engagement, defenders, prospectors, analyzers, and reactors, Rogersââ¬â¢ chocolate is best described by the defenders role. Defenders are defined as the organizations that have very narrow product-market exposure, and they focus on limited adjustments to continue delivering value in these chosen markets. This fits Rogersââ¬â¢ because the firm focuses mainly on producing the best quality chocolate, and has changed their product very little over the years because of its high quality. C. Functional Level Strategy Supports the firmââ¬â¢s chosen strategies at the corporate and business levels and evaluate how the firm has delivered on these strategies. Table 4 Competitive Strategy| Functional Strategies| | Research ; Development| Production| Human Resource| Marketing| Differentiation*(every function is focused on creating quality and uniqueness)| * New ; frequent product development * Focus on quality| * High-quality inputs * Short, no defect production runs High grade, flashy wrappers for candy| * Highly skilled labor * Deals with wholesale accounts| * Target marketing * Promote special features * Marketing in local areas ; locations| * Above Table 4 shows the Functional Strategies a. The most critical of the functional strategies for Rogersââ¬â¢ chocolates would have to be thei r production. The high quality chocolate they produce is top of the line, and it comes from over 120 years of perfecting the recipe. Rogersââ¬â¢ has created a brand value that is remarkable and stems from the quality of production and quality of the finished product. D. International Strategy The ways in which a firm arranges which strategies it can implement to achieve international success. a. Rogersââ¬â¢ Chocolates brings in only 10% of their overall sales from online, phone, and mail orders. When considering not all of those orders are international sales, Rogersââ¬â¢ does a very small percentage of their sales internationally. The firm competes in markets all across the globe, but only has stores in Canada; so all international sales are orders that are shipped out from the production plant. Table 5 Pressures for Global Efficiencies Low High| Global Strategy * Firm views the world as a single marketplace and its primary goal is to create standardized goods and services to address the needs of customers worldwideHow: Build cost advantage through centralized global scale operations. Requires centralized and globally scaled resources and capabilities. Example: Merck ; HP give some of their subsidiaries worldwide mandates| Transnational Strategy * Firm attempts to combine the benefits of global scale efficiencies with local responsivenessHow: Develop global efficiency, flexibility, and worldwide learning with dispersed, interdependent and specialized capabilitiesExample: Nestle ââ¬â move to single global culture and company tied to meeting those outcomes| | Home Replication/International Strategy * Firm uses the core competencies or firm-specific advantages it developed at home as its main competitive weapon in the foreign markets it entersHow: Exploit parent company knowledge and capabilities through orldwide diffusion, local marketing and adaptationExample: Wal-Mart to Germany, Brazil| Multidomestic Strategy * Firm views itself as a collection of relatively independent operating subsidiaries, each of which focused on a specific domestic marketHow: Build flexibility to respond to national differences through strong, resourcefu l national or regional operationsExample: MTV into international markets| | Pressures for Local Responsiveness and FlexibilityLow High| * Based on Table 5 above by Ghoshal and Nohria, Rogersââ¬â¢ chocolate would be described as a following a Home Replication/International Strategy. The reasoning behind that is Rogersââ¬â¢ does not change itsââ¬â¢ recipe or strategy for international markets. They stick with what works for them and has gotten the firm to this point and it continues to work and help the firm grow. II. Conclusion: Rogersââ¬â¢ corporate strategy is to aggressively grow their business. They want to double or triple the size of the corporation. In order to accomplish this goal they should look to their strength retail marketing. This helps maintain control of the business and exploit Rogersââ¬â¢ premium brand while introducing new or existing products like ice cream. They should look to open stores in similar areas keeping the Rogersââ¬â¢ customer experience of free samples and first class treatment. If they are able to open 2 new stores a year it would add about 10% to Rogersââ¬â¢ top line. With the projected growth of 15% from existing retail stores Rogerââ¬â¢s will have the cash flow to finance the growth in retail store and increase advertising for online business. They should also look to grow sales and geographic presence through the wholesale business. APPENDIX C: Performance Assessment Section: 5Team #: Black 6: Network_Kings Dara Servis- Individual APPLE Analysis *P I. Performance Assessment: How? i. Quantitative Performance Analysis Graph 1 * The graph above represents price and quality of Rogersââ¬â¢ Chocolates and their main competitors. 1. Purdyââ¬â¢s: Purdyââ¬â¢s has national brand awareness, with lower quality and pricing. Purdyââ¬â¢s positioning is the least similar to the image Rogersââ¬â¢ hopes to attain and likely appeals to a very different customer than Rogersââ¬â¢Ã¢â¬â¢ target consumers. Purdyââ¬â¢s may also be associated with Canadian heritage. 2. Lindt: Lindt has wide variety and mid-range quality with emphasis on immediate indulgence. There is less association with the sensory experience of eating chocolate and more on immediate gratification. 3. Godiva: Godiva commands a high-price point because customers think of the brand as sleek, modern, glitzy and high quality. Godivaââ¬â¢s positioning is the most similar to the image Rogersââ¬â¢ aims to attain and likely appeals to similar target consumers 4. Bernald Callebaut: Bernard Callebaut is seen as good quality, innovative, customizable, and premium priced. Bernard Callebautââ¬â¢s brand is unknown outside of Western Canada. . ii. Horizontal Analysis of Balance Sheet A horizontal (trend) analysis is done to determine how a firm is performing on a year-to-year basis. For the balance sheet, subtracting the previous yearââ¬â¢s net revenue from the current yearââ¬â¢s net revenue, then dividing by last yearââ¬â¢s revenue will compute the horizontal analysis. Table 1 ROGERSââ¬â¢ Chocolate| Horizontal Trend Analysis| | 2005| 2006| 2007| Net Revenue| 11,991,558| 11,850,480| 13,200,980| Change In Revenue| | -141,078| 1,350,500| Percent CHG| | -1%| 11%| * The table above shows the horizontal trend analysis of the balance sheet for Rogersââ¬â¢ Chocolate from the years 2005 and 2007. Based on this information, Rogersââ¬â¢ showed a decline of just over one percent in net revenue from 2005 to 2007. iii. Horizontal Analysis of Income Statement To perform a trend analysis of the income statement, subtracting the previous yearââ¬â¢s net income from the current yearââ¬â¢s net income, then dividing by last yearââ¬â¢s net income will provide the percent change in net income. Table 2 ROGERSââ¬â¢ Chocolate| Horizontal Analysis Of Income Statement| | 2005| 2006| 2007| Net Income| 1,069,326| 891,082| 988,873| Change In Income| | -178,244| 97,791| Percent CHG| | -17%| 11%| * Table 2 above shows the horizontal trend analysis of the income statement from Rogersââ¬â¢ from the years 2005 to 2007. Based on this information, we can see that Rogersââ¬â¢ made almost 17% less in total income in 2006 than the firm did in 2005 and the rebounded to 11% in 2007. iv. Vertical Analysis of Balance Sheet A vertical (common size) analysis is performed to determine how stable the components of a firmââ¬â¢s income statement and balance sheet have been over the course of time. To determine the vertical analysis for the balance sheet, simply divide each asset category by the total amount of assets. The common size balance sheet analysis is shown below in Table 3. Table 3 Common Size Balance Sheet Analysis| | 2007| 2006| 2005| Assets| à | à | à | Property and equipment | 49. 99%| 51. 99%| 46. 04%| Goodwill| 10. 42%| 10. 92%| 10. 76%| Trademarks| 9. 53%| 9. 33%| 9. 20%| Cash| 2. 34%| 1. 34%| 8. 1%| Manufactured finished goods | 7. 96%| 7. 66%| 8. 13%| Packaging materials | 7. 39%| 7. 39%| 6. 76%| Receivables | 5. 28%| 4. 28%| 5. 42%| Raw Materials | 2. 10%| 2. 02%| 2. 10%| Investment s | 1. 15%| 1. 23%| 0. 90%| Work in progress| 1. 26%| 1. 06%| 0. 78%| Pre-paids| 0. 81%| 1. 01%| 0. 66%| Finished goods for resale| 0. 52%| 0. 26%| 0. 43%| Income tax receivables | 1. 26%| 1. 52%| 0. 00%| TOTAL ASSETS | 100%| 100%| 100%| * Based on the information provided in Table 3 above, we can tell that most of Rogersââ¬â¢ assets come from property and equipment. Also we can see that cash fell from 8. 81% of their assets in 2005 to just 2. 34% in 2007. a. Overall, property and equipment made the biggest jump in percentage of assets, going from 46. 04 to 49. 99%. With more property to sell products and better or more equipment to produce with property and equipment are becoming a larger part of the overall capitalization of the company. v. Vertical Analysis of Income Statement To perform a vertical analysis of the income statement, divide each element of the income statement by the total number of sales for the year. That will provide a percent, which can be described as the percentage of total revenues. Table 4 Years Ended Dec, 31 2007 and 2006| Revenues| 2007| 2006| 2007| 2006| Net Revenues| $ 13,200,980. 00 | $ 11,850,480. 00 | 100%| 100%| Cost f Goods Sold| | | à | à | Amortization of property and equipment| $ 5,353. 00 | $ 4,453. 00 | 1%| 1%| Direct Labor| $ 45,000. 00 | $ 39,483. 00 | 13%| 14%| Direct Materials| $ 720,398. 00 | $ 733,398. 00 | 15%| 23%| Overhead| $ 73,476. 00 | $ 34,421. 00 | 16%| 7%| | à | à | à | à | Gross Profit| | | à | à | Expenses| $ 145,674. 00 | $ 145,674. 00 | 5%| 7%| Interest on long term debt| $ 162,527. 00 | $ 139,527. 00 | 1%| 1%| Selling and administrative| $ 1,498,372. 00 | $ 1,398,672. 00 | 44%| 42%| à | à | à | à | à | Income taxes| $ 287,365. 00 | $ 287,365. 00 | 2%| 4%| Net earnings| $ 988,873. 00 | $ 891,082. 0 | 8%| 9%| * From Table 4 above, we can tell that amortization of property and equipment, interest on long term debt, and income taxes are the lowest costs to perform, totaling only four percent for the three of them in 2006. a. Also, we notice that the selling and administrative costs account for 44% of revenues, with overhead and direct materials far behind at 16% and 15%, respectively. b. Overall, Rogersââ¬â¢ Chocolates firm appears to be performing well, having eight and nine percent net earnings over the two years available. vi. Cash Flow Analysis Cash flow analysis examines the financial statements from the perception of cash that is entering and exiting the firm. Cash flows come from the follow three categories: operating, financing, and investing. Each category adds the cash inputs and subtracts the cash outputs to provide a total cash flow. Then all three categoryââ¬â¢s totals are added to provide the net change in cash for the years. That number is added to the cash from the beginning of the year to produce the ending cash for the year. Table 5 â⬠¢Table 5 above displays Rogers; Chocolates Consolidated Statements of Cash Flow Table 6 Cash Flow Analysis| | 2005| 2006| 2007| Operating| | | | Total Inputs| $1,663,397| $1,223,436| $1,213,736| Total Outputs| $-| ($328,344)| ($348,144)| Net cash flow| $1,663,397| $895,092| $1,295,092| | | | | Financing| | | | Total Inputs| $661,806| $-| $-| Total Outputs| ($701,870)| ($349,168)| ($251,168)| Net cash flow| ($40,064)| ($349,168)| ($262,624)| | | | | Investing| | | | Total Inputs| $-| $-| $-| Total Outputs| ($1,617,807)| ($772,470)| ($721,570)| Net cash flow| ($1,617,807)| ($772,470)| ($631,470)| | | | | Net Change in cash| $5,526| ($226,546)| ($182,546)| Cash beg. Of year| $146,276| $151,802| $151,802| Ending Cash| $151,802| ($74,744)| ($67,353)| * Table 6 shows the cash flows for Rogersââ¬â¢ Chocolates in 2005 and 2007. The firm spent more cash in 2005 than 2007, but still came out in the positive in that year because their inputs were much larger. In 2006, Rogersââ¬â¢ had cash flows of -$182,546 and had their ending cash balance in the negative as well. vii. Ratio Analysis Ratio analysis is an evaluation of a firmââ¬â¢s strengths or weaknesses in its operations, and measures a firmââ¬â¢s liquidity, solvency, profitability, asset management, and market value. Table 7 Ratio Analysis| | 2005| 2006| 2007| NET COGS| 5378187| 5385088| 6185088| Total inventory| 1550631| 1543816| 1483816| Inventory turnover ratio| 3. 468| 3. 488| 3. 324| | à | à | à | Net Profit| 6613371| 6465392| 7463523| Net Sales| 11,991,558| 11,850,480| 13,200,980| Total Profitability| 55. 15%| 54. 56%| 56. 24%| | à | à | à | Total Current Assets| 2896842| 2330241| 2437611| Total Current Liabilities| 2326966| 1705132| 1632123| Current Ratio| 1. 25| 1. 37| 1. 23| | à | à | à | Total Current Assets| 2896842| 2330241| 21652413| Inventory | 1550631| 1543816| 1571232| Total Quick Assets| 1346211| 786425| 765836| Total Current Liabilities| 2326966| 1705132| 1876219| Quick Ratio| 0. 5785| 0. 4612| 0. 4971| * Table 7 above is a simple ratio analysis of Rogersââ¬â¢, measuring the inventory turnover rate, total profitability, current and quick ratios, return on assets, and the debt to equity ratio. Each of these ratios measures a different aspect of the company. The current and quick ratios are measures of liquidity; total profitability and return on assets are measures of profitability; and inventory turnover is an asset management ratio. II. Qualitative Performance Analysis Rogersââ¬â¢ Chocolates has a long history of providing the finest quality chocolate to their customers. A panel of European chefs named the Rogersââ¬â¢ assortment as ââ¬Å"top-of-the-range-productâ⬠filled with ââ¬Å"abundant and rich chocolate aromas. â⬠a. CEO Steve Parkhill described his first experience investigating Rogersââ¬â¢: ââ¬Å"I asked everyone I knew what they thought of the brand. I received one of two reactions. People either said, ââ¬ËIââ¬â¢ve never heard of it,ââ¬â¢ or they said ââ¬ËOooooh, Rogersââ¬â¢. That is the best chocolate Iââ¬â¢ve ever tastedââ¬â¢. â⬠b. In 2000, Rogersââ¬â¢ won the Retail Council of Canadaââ¬â¢s Innovative Retailer of the Year award in the small business category for expressing ââ¬Å"outstanding market leadership and innovative approaches to customer and employee relations. â⬠c. In 2006, the company won the prestigious Superior Taste Award from the International Taste ; Quality Institute. d. Overall, Rogersââ¬â¢ is one of the most highly thought of chocolate manufacturers worldwide. Their delicious products, made from only the finest all natural ingredients, continue to impress new and old customers alike and keep them thriving in the competitive business with firms such as Godiva, Bernard Callebaut, Lindt, and Purdyââ¬â¢s. ) II. Conclusion For the small business that Rogersââ¬â¢ is, they appear to be doing quite well in their industry. Of course, not much can be determined about the overall direction the company is headed from just two years of data. However, with positive inventory turnover and a profitability ratio over 50% for both years, we can conclude that Rogersââ¬â¢ is holding their ground in the chocolate industry. A few areas of concern for the firm would be the negative figures for percent change in revenue and percent change in income from the horizontal analysis. The loss in revenue was only about two percent, but the loss in income was nearly 17%, which could be a concern if it continued. Again, we have to remember there are only two years of data and 2006 could have simply been an off year for the company and they did not perform up to their standards. APPENDIX D: Leadership ; Governance Section: 5Team #: Black 6: Network_Kings Dara Servis- Individual APPLE Analysis *L I. Leadership ; Governance: Who? i. Board of Directors The Board of Directors for Rogersââ¬â¢ firm over the last two decades has onsisted of a private group of two financial executives and partners with a Vancouver-based investment firm, an art dealer and private investor, and a former owner of Pacific Coach Lines. Figure 1 * Figure 1 displays an Organizational Chart of Rogersââ¬â¢ Chocolates a. Board Com How to cite Rogerââ¬â¢s Chocolates Strategic Analysis, Essay examples
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