Business Analysis Kubrick Financial Services Essay

I come to you today as our company stands at a crossroads. At Kubrick Financial Services (KFS), we take pride in standing at the vanguard of our industry. Last year, KFS undertook a massive expansion in the 3-D printing market, previously one of KFS’ smallest segments as well as the industry’s as a whole. Today, we are aware that our competitors have lowered their standards in order to hit their market share targets. While we pursued our profit motive in the best interests of our shareholders and employees, we now realize that we must take further action in this regard. Therefore, I am submitting a plan to the Board of Directors that reinforces our previous actions. In other words, I believe we should continue to pursue the 3-D printing market in order to reach our market share by also lowering our standards while increasing our risk controls. The financial services industry is highly competitive and constantly evolving. Not long ago, terms such as collateralized debt o bligations, credit default swaps, and synthetic collateralized debt obligations would seem like a strange foreign language. But today, they have risen to become an increasingly larger share of our industry. It’s no secret that these types of financial instruments played a significant role in the financial crisis of 2008-2009. However, they are a necessary evil and must be part of any viable growth strategies in the financial services world. We must take similar risks in order to maximize our profits. That’sShow MoreRelatedCertified Accounting Technician Examination42724 Words   |  171 Pages+ $1 (2 marks) 7 The following statements have been made about linear regression analysis: (i) (ii) (iii) (iv) It provides more accurate estimates than the high low technique. It can only be used to estimate variable cost It assumes that cost behaviour is linear. It only takes into account two observations of cost and output Which of the following statements about the use of linear regression analysis in cost estimation are true? A B C d (i) and (ii) (i) and (iii) (ii) and (iii) (iii) and

The Key Components Of Anxiety Disorders And Cognitive...

Abstract This research paper will explore eight articles that report on results from research conducted online on the key components of anxiety disorders and cognitive behavioral theory (CBT). The articles will explore the treatments and outcomes of CBT on patients, who were diagnosed with anxiety disorders. The research paper will examine the theory, model, and effectiveness of exploration in relation to the other articles to suggest that CBT is a productive form of treatments for anxiety disorders. Keywords: Beck, CBT, Problem Solving Model, and Anxiety. To experience any form of anxiety, such as interviews, a drive in traffic, or even a first date is a natural- human experience. For instance, one begins to undergo a feeling of failure regarding specific class. Nevertheless, sometimes, the emotion, keeps us motivated and school work-orientated. Yet, now and then, anxiety can take a hold on one when intense fear and distress becomes too overwhelming; it can prevent one from doing everyday thing. As a result, anxiety disorder can be the cause (B. T. Anxiety Disorders, 2016). According to National Alliance of Mental Illness, known as NAMI (2016), anxiety disorders are a common mental health concern in the United States. Roughly, forty million adults in the United States, and eight percent of children and teenagers face some sort of a negative impact of an anxiety disorder. Consequently, people develop symptoms of anxiety disorder before the age twenty-one.Show MoreRelatedCognitive Behavior Therapy (CBT)1559 Words   |  7 PagesAssump tions and Definition Cognitive Behavior Therapy (CBT) addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes. This is an effective treatment for patients who are dealing with anxiety and depression. CBT refers to a group of psychotherapies that incorporate techniques from cognitive therapy and behavior therapy. Albert Ellis and Aaron Beck are the two psychologists who came up with therapies. Beck developed the cognitive therapy (CT) that focuses on changing theRead MoreThe Key Components Of Anxiety Disorders And The Methods Of Behavioral Therapy Essay1268 Words   |  6 Pagesresults from research conducted online on the key components of anxiety disorders and the methods congetitve behavioral theory. The articles will explore the treatments and outcomes of CBT on patients, who were diagnosed with obsessive compulsive disorder. The research papers examines _________ research in relation to the other articles to suggest that CBT is productive form of treatments of anxierty d isorders. The history of Congetive Behavioral Therapy can be traced to the 1960’s whenRead MoreCognitive Behavior Therapy1349 Words   |  6 PagesCognitive Behavior Therapy Developed by Dr. Aaron T. Beck,  Cognitive Therapy (CT), or Cognitive Behavior Therapy (CBT), is a form of psychotherapy in which the therapist and the client work together as a team to identify and solve problems. Therapists help clients to overcome their difficulties by changing their thinking, behavior, and emotional responses. A System of Psychotherapy Cognitive therapy is a comprehensive system of psychotherapy, and treatment is based on an elaborated and empiricallyRead MoreSymptoms And Symptoms Of Generalized Anxiety Disorder Essay1085 Words   |  5 PagesGeneralized Anxiety Disorders Introduction to the paper Anxiety is a component found within many other mental disorders. The most common is depression. There are a number of anxiety disorders in the DSM, we will be looking at generalized anxiety disorder (GAD). Generalized anxiety disorder causes one to worry and have anxiety about an event or activity that will most likely intensify and have a high impact on that particular activity or event. An individual diagnosed with generalized anxiety disorderRead MoreCognitive Behavioral Therapy Essay example1507 Words   |  7 PagesCognitive behavioral therapy (CBT) is among the most extensively tested psychotherapies for depression. Many studies have confirmed the efficacy of cognitive behavioral therapy (CBT) as a treatment for depression. This paper will provide background information about the intervention, address the target population, and describe program structure and key components. It will also provide examples of program implementation, challenges/barriers to implementing the prac tice, address how the practice supportsRead More Post-Traumatic Stress Disorder 962 Words   |  4 Pages Post-Traumatic Stress Disorder (PTSD) is a psychiatric sequel to a stressful event or situation of an exceptionally threatening or catastrophic nature. It develops after a person is involved in a horrifying ordeal that involved physical maltreatment or the threat of physical harm. These events can include combat or military experience, abuse during childhood or adulthood (physical or sexual), terrorist attacks, serious accidents or natural disasters. This person may have been the one thatRead MoreThe Application of Cognitive Behavioral Therapy Within a Prison Setting1434 Words   |  6 PagesThe techniques used in cognitive behavioral therapy have proven to be effective in treating depression, anxiety and drug addictions among other things. Analyzing the techniques developed in cognitive behavioral theory and applying them to psychotherapy in prison environments can as sist in making improvements in the prevention of criminal activity, rates of incarceration and safety and security of the general population. The literature shows that the use of cognitive behavioral therapy has been effectiveRead MoreCognitive Behavioral Theory Of Obsessive Compulsive Disorder1678 Words   |  7 Pagesof the cognitive behavioral theory that are based on the belief that learning, cognitions, and perceptions play a significant role in the development and maintenance of emotional and behavioral problems. Various CBT models are applied to the diagnostic determinants of Francis’ dysfunctional behavior and the empirically supported methods of cognitive behavioral treatment of Obsessive Compulsive Disorder are used to build a treatment plan to aid in Francis’ recovery. Cognitive BehavioralRead MoreI Am An Effective Counselor1983 Words   |  8 Pageseffective counselor, I have to decide on which theory I would like to use in practice. The selection was made by narrowing it down to the three theories I was able to relate to the most. Adlerian theory because I found and felt that I was able to relate to the birth order theory, Family Systems Therapy because I believe the family plays an important role in the person we become, we cannot escape our family, and finally Cognitive Behavioral Therapy (CBT) which focuses on finding the correlation betweenRead More The Integration of Cognitive and Behavior Therapy Essay1646 Words   |  7 Pagescounseling is Cognitive-Behavioral therapy. Cognitive-Behavioral therapy helps the client to uncover and alter distortions of thought or perceptions which may be causing or prolonging psychological distress. The theoretical foundations of CBT are essentially those of the behavioral and cognitive approaches. CBT lead s to a clear, persuasive, and evidence-based description of how normal and abnormal behavior develops and changes (Kramer 293). The term â€Å"cognitive-behavioral therapy† or CBT is a term for

The Conscience of Companies Today Free Essays

Organizational or corporate social responsibility refers to the obligation of a business firm to seek actions that protect and improve the welfare of society along with its own interests. Corporate social responsibility often challenges businesses to be accountable for the consequences of their actions affecting the firm’s stakeholders while they pursue traditional economic goals. The general public expects business to be socially responsible, and many companies have responded by making social goals a part of their overall business operations (Hay, 1989). We will write a custom essay sample on The Conscience of Companies Today or any similar topic only for you Order Now This paper will discuss four companies that have a conscience towards our today’s society, and helped to create a better community for all of us, they are Johnson Johnson, American Telephone Telegraph (ATT), Herman Miller, and Procter Gamble. A crisis confronted Johnson Johnson in the fall of 1982, when seven Chicago area residents died after taking Extra-Strength Tylenol capsules contaminated with cyanide. Not only was $400-million-per-year Tylenol the best-selling U.S. drug, but it was a product that symbolized the Johnson Johnson reputation for quality, gentleness, and fine health care (Kreitner, 1990). Despite the pressures of dealing with national media coverage, JJ executive immediately opened their doors to the press and took great pains to keep the public informed about the situation. It soon became apparent that the cyanide had been put into the capsules after they had left JJ’s factories, and the problem seemed to be confined to the Chicago area. Nevertheless, Tylenol sales sank to 20 percent of their previous level, and an opinion poll showed that 61 percent of Tylenol users intended to stop using the product. A major question that arose was what to do about the 31 million bottles of Extra-Strength Tylenol on drugstore shelves throughout the country. The FBI and Food and Drug Administration advised JJ managers not to take any drastic action. Even so, the managers promptly took the unprecedented step of recalling the unsold bottles, at a cost to the form of $100 million (Fortune, 1987). A few weeks later they decided to reintroduce Tylenol capsules in a triple-sealed, tamper-resistant package. In the months following the tragedy, the company established a consumer hot line and continued extensive cooperation with media. It also made a widely advertised refund offer to consumers for any pre-crisis capsules they still had, and its chairman, James E. Burke, appeared on the Donahue show. In an opinion poll taken 3 months after the tragedy, 93 percent of the public felt that JJ had done a good job of handling its responsibilities. In considering these events, David R. Claire, JJ’s president, said, â€Å"Crisis planning did not see us through this tragedy nearly as much as the sound business management philosophy that is embodied in out Credo.† The Credo’s first opening sentence is: â€Å"We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services.† (Pearce David, 1987) . Unfortunately, the importance of relying on the Credo was soon demonstrated again by another crisis. In early 1986, a 23-year-old woman died after taking a cyanide-laced Tylenol capsule. The company quickly offered to the replace capsules with caplets, tablets in the shape of capsules. The replacement effort cost JJ $150 million. In addition, JJ announced that it would no longer offer Tylenol in capsules-another bold and costly move in keeping with its Credo. The actions of JJ in the two Tylenol incidents earned the company widespread praise. Among Fortune’s 300 most admired U.S. corporations, JJ was rated number one in 1987 on community and environmental responsibility. JJ’s action in the Tylenol situation were unusually swift, decisive, and costly. In the mid-1990s, Tylenol remains one of the America’s most popular and trusted brand names (Guzzardi, 1990). The product commands nearly one-third of the $3 billion brand name analgesic market. No other brand approaches have even 50 percent of Tylenol’s market share. American Telephone Telegraph (ATT) established goals for reducing air emissions, CFCs, solid waste, and hazardous waste in 1990. Under the direction of David R. Chittick, ATT’s vice-president of environment and safety, the company has either surpassed its operations, ATT invested $25 million to develop an array of alternative technologies (Business Week, 1987). One, called how solids spray fluxer, eliminates the need for CFC solvents to clean excess flux from electronic circuit broads. ATT is now selling this technology to some 25 other companies, among them IBM. ATT even gives its ideas away at times, to help to create a better and safer environment for all. The company managed to eliminate virtually all its ozone-depleting substances a year and half before company’s goal, and 2 years ahead of the worldwide ban. Now ATT does not have to worry about the new U.S. law that requires companies to put warning labels on all goods that contain or are manufactured with ozone-depleting substances. The company figures that the cost of tracking and labeling all the tiny components and switching systems that it once manufactured with CFCs would add up to hundreds of thousands of dollars. The early phase out also will save ATT $25 million annually. In addition, ATT embraces total quality management (TQM) principles to solve the universal office pollution problem of too much paper. First, the company established a corporate paper reduction goal of 15 percent by 1995, then it created a corporate TQM team to figure out how to meet it. The department’s TQM teams suggested simple ways to decrease paper consumption, such as eliminating cover pages and using electronic rather than printed media. The department was consuming 22 percent less paper within a year. Today, ATT is one of the companies that has the reputation of saving the world. Company’s ‘goes green’ not only create a better place for communities, but also helping the company to save on a lot of costs. Herman Miller, Inc., proves that financial success and a constant striving to be a better corporate citizen are complementary, not contradictory, goals (Griffin, 1993). The company has long been as well known for its participative management system as for its innovative office furniture designs (Woodruff, 1991). The company is doing everything it can to lessen its adverse effect on the environment. It recycles leather, vinyl, foam, office paper, telephone books, lubricating oil, and even old office furniture. When it found that recycling 800,000 Styrofoam cups every year was not practical, it banned the cups and handed out 5,000 mugs. Instead of dumping into landfills the 4,000 tons of scrap fabric that it produces each year, it now ships them to a North Carolina firm that shreds them and turns them into insulation for car-roof linings and dashboards. Since 1982, much of the trash that can not be recycled has fueled Miller’s waste-to-energy plant, which saves $750,000 a year in fuel and landfill costs and paid for itself in ten years, a decade ahead of schedule (Woodruff, 1991). Miller also recently spent $800,000 for two high-tech incinerators to burn the toxic solvents that escape during staining and varnishing. Miller’s environmental consciousness extends beyond local and national products. One of the company’s best-known products, the $2, 277 Earnes chair, was always finished with rosewood until the company’s research manager realized that Herman Miller was contributing to the destruction of tropical rain forests. He consequently banned the use of rosewood and Honduran mahogany. Another test of Herman Miller’s humane attitude came when some of its employees contracted the AIDS virus. When an AIDS victim in the company’s Georgia plant decided to let the rest of the workers know about his condition, his supervisor took charge, acting as what Herman Miller Chairman Max DePree calls a â€Å"roving leader†. The supervisor told two managers, and then the three of them quickly told everyone in the plant, ensuring that rumors did not get started. On the next workday after the announcement, the company’s director of health and wellness flew down from Michigan to show a video on AIDS and answer questions. With a history of such sensitivity to its environment and its workers, it is no surprise that Herman Miller tops lists of most-conscientious and best-managed companies (Nelson-Horchler, 1991). Procter Gamble is another company that has a conscience by helping the community. The 23rd Summer Olympic Games will be held in Los Angeles, in July and August. This will be the high point of years of hard work and training by many of America’s young athletes who are eager for an opportunity to make this country shine. But the U.S. Olympic Committee, which is responsible for fielding the U.S. team, depends on the American people to support these talented athletes. The U.S is the only major nation in the world whose Olympic athletes do not receive a continuing government subsidy. U.S competitors are supported solely by private donations. PG has initiated several programs to help raise these funds, giving millions of Americans the chance to support this important cause (Cordtz, 1990). Five big separate coupon events, involving over thirty PG brands, make up the company’s Olympic promotions. They are designed to encourage consumer to purchase PG brands and thus aid U.S. Olympic athletes. The company also sponsored a sweepstakes that helped to raise more funds. PG Chairman of Board Owen B. Butler presented a check for $1 million, on behalf of the company to the U.S. Olympic Committee. PG’s past experience has taught the company to expect such business success. For the past four years, PG has sponsored similar promotions benefiting the Special Olympics, and international sporting competition for mentally and physically handicapped children and adults. Business results have been very impressive. PG helps itself by helping the communities. Four examples stated above say that corporate social responsibility does not necessarily lower profits but encourage firms to focus on long-run profits rather than short-run profits, and optimum profits rather than maximum profits (Post, Frederick, Lawrence, Weber, 1996). Because of its obvious importance, organization proactively attempt to manage social responsibility (Van Fleet Peterson, 1994). Moreover, the iron law of responsibility suggests that socially responsible behavior may have a positive long-run effect on organizational success. How to cite The Conscience of Companies Today, Essay examples