The Devils Own Wine Shoppe Essay - 1704 Words

|Case 3: The Devil’s Own Wine Shoppe | |Business Strategy: Spring 2013—April 8, 2013 | |Tamara M. Yancy | Case Analysis: The Devil’s Own Wine Shoppe Introduction The article, â€Å"The Devil’s Own Wine Shoppe† revolves around the wine store owned by Bruce Nelson and his wife, Mary Lee. Being a business owner has been a life-long dream of Bruce. They opened the wine store in August 1974 with initial capital of $22,000 and an initial outlay of $17,258. In addition to owning the wine store, Bruce works fulltime as a car salesman while†¦show more content†¦Not only were the competitors able to price their products lower than the Nelsons they were able to offer discounts that the Nelson’s could not afford to offer; thus making them more attractive to the consumer. Lastly, the competitors were able to advertise on a level that was not financially feasible for the Nelsons. Because of their advertising abilities, the competitors were able to create more awareness of their wine selection that the Nelsons which subsequently pulled customers away from the Nelson’s wine store. The Nelson’s wine store was operating a loss. They began their business with a $7,000 personal savings investment and a $15,000 which they had not been able to begin repayment during their nine months of operations. After the performance of a financial analysis, it was concluded that the Nelsons were losing on average $802 per month with estimated average monthly sales of $1,888 and estimated average monthly expenses of $1,580. At these levels, not only could the Nelsons not make a profit, they could not breakeven. In order to breakeven, the Nelsons would need to generate sales of $5,642 offering no salary to Bruce or $9,214 offering a salary to Bruce. Problem Statement Which income generating venture should the Nelson’s pursue: the wine shop or fulltime employment at the dealership?

The New Arts Education Plan - 915 Words

With the upcoming addition of our middle school we will be developing a sixth, seventh, and eighth grade arts program consistent with the frameworks of the International Baccalaureate Middle Years Programme. The International Baccalaureate Middle Years Programme requires visual and performing arts for all students and demands much more of students and teachers than our more traditional elementary arts program. We hope to provide an arts-rich school community to all our students. The new arts education plan would continue our focus on developing knowledge about art forms in various contexts, developing the language of art, and learning how to respond to and evaluate art. Within this new arts education plan we also hope to offer a more diverse range of art materials to our students such as ceramics, sculpture, pottery, weaving, metalworking, and stained glass. These new materials would allow our students opportunities to create higher level art, be exposed to portions of art history th at are often forgotten, and work in new ways that were once limited by only creating 2D art. We hope to create this new arts education plan for our new middle school while maintaining a strong elementary arts education program. Drama, music, and visual arts are important parts of our students week. These courses allow our students to learn life skills such as respect, communication, perseverance, problem solving, accountability, and collaboration, while reinforcing and integrating criticalShow MoreRelatedArt Students On Business Skills And Entrepreneurship1695 Words   |  7 Pagesunderstand and analyse the demands of the art students on business skills and entrepreneurship. London, as the world s fashion capital, is the best place to learn the arts and has many top art colleges (Fashion.telegraph.co.uk, 2015). 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The Causes of Stress on High School Students free essay sample

Ask any high school student what they have in common with other high school students and stress is likely to be on one of the top commonalities. Why? Stress, whether good or bad, plays a major role in life. Stress can be produced from a plethora of situations. In this assignment it will be necessary to limit the focus to three considerably relevant stressors, annoying parents who seem to fuss regularly, maintaining good grades for the sake of not failing a class and procrastinating to the last minute on projects. First, one of the causes of stress on high school students comes from annoying parents who seem to fuss regularly. For high school students, having annoying parents is very stressful for many reasons. When having annoying parents means they will make a fuss out of virtually anything. From big things like having terrible grades in classes or calls home from school to petty things like leaving the T. We will write a custom essay sample on The Causes of Stress on High School Students or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page V or lights on. Having parents feel this way causes a student to feel guilt. This will eventually cause stress. Another cause of stress is maintaining good grades for the sake of not failing a class. For high school students, grades are so important, some consider them life or death. These grades determine if a student will pass or fail a class. High school student do not normally want to fail a class but sometimes it just happens. Having received these terrible failing grades not only makes students feel bad about themselves but feel like they let down their parents. Next, the last cause of stress comes from procrastinating to the last minute on projects. Procrastination, a word every high school student should be familiar with. Procrastination is used by high school students in many shapes and forms. From waiting until the last minute to finish a project or finishing a paper the day it’s due. At the end of the day, procrastination is always used. Most likely on assignments that have a great grade value procrastination is used. With all this last minute procrastination on a student’s shoulders, one cannot help but to feel anxiety or something similar to this. Thus, with all of these feelings coming down, like heavy rain from the clouds, on a student all at once causes stress. In conclusion, the causes of stress on high school students comes from three considerably relevant stressors, annoying parents who seem to fuss regularly, maintaining good grades for the sake of not failing a class and procrastinating to the last minute on projects. Having annoying parents causes stress due to the fact that they will fuss over virtually anything, big or small. Maintaining good grades causes stress due to the fact that high school students do not want to fail a class or let parents down. Lastly, procrastinating projects causes stress due to fact that high school students cannot handle the last minute anxiety of doing projects. Though there are a plethora of effects of stress on high school students, one cannot have these effects without having the causes of stress.

Mukesh Ambani Great Business Leader Essay Example

Mukesh Ambani : Great Business Leader Essay Suman Ledalla Great Business Leader Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries, the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%. As of July 2010, he is the richest man in Asia and the fourth richest man in the world with a personal wealth of US$29. 0 billion. On 29 October 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalization of all Reliance group companies, making him for a while the world’s richest man, with net worth climbing to US$63. 2 billion leaving Bill Gates behind at around $56 billion. He is expected to regain the title of the worlds richest person in 2014, according to Forbes Magazine forecasts. Family and early life Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries. He has a brother, Anil, and two sisters. The Ambani families lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Dhirubhai Ambani then purchased a 14-floor apartment block called Sea Wind in Colaba, where Anil his family and Mukesh and his family lived on different floors. Anil Ambani is also a billionaire and owns a competing company, Reliance Anil Dhirubhai Ambani Group. The two brothers have had clashes over business. Personal life He is married to Nita Ambani and has three children, Akash, Anant and Isha. He owns the Indian Premier League team, the Mumbai Indians. They live in a private 27 story building in Mumbai named Antilia. We will write a custom essay sample on Mukesh Ambani : Great Business Leader specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mukesh Ambani : Great Business Leader specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mukesh Ambani : Great Business Leader specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Costing approx. US$500–$700 Million, with the increasing price of land, is estimated to be valued at over US$1 Billion to build. It is claimed to be the most expensive home in history. Career He joined Reliance Industries in 1981. He initiated Reliances backward integration journey from textiles into polyester fibers and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. Ambani set up one of the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited). Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tons per year) integrated with petrochemicals, power generation, port and related infrastructure. Mukesh Ambani’s Quote: â€Å"The organizational architecture is really that a centipede walks on hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on, the organization will go on, the growth will go on. † His Business secrets: He used some secrets throughout his life-time to become a business tycoon. Some of them are as follow: Secret No. 1: Gather information, whatever it may be. Gather information about Governments be local, state, central or international. Secret No. 2: Find an opportunity. He always endeavors to analyze whatever information are gathered. Secret No. 3: Jump from an orbit to the next. No matter where you are. Just work there. Master that place or situation. Accumulate some energy and jump into another orbit, a higher one. Secret No. 4: Complete projects on time. Thrive to do it before the scheduled time. He and his sons completed all their projects on time, mostly before time. However big the projects were, they completed those timely. No matter how much disturbance or hurdles came in their way. Leadership Characteristics 1: Self-Esteem: Mukesh Ambani has great self-esteem that’s the reason he could reach sky high in his business. Underlying everything is a high sense of ones own self-worth. Without that, individuals will never undertake tough challenges. If one does not have it, its important to develop self-esteem. 2: Need to Achieve: Mukesh is focused on his needs. This need has been associated with entrepreneurs and leaders who constantly seek to perform at their best. 3: Screening For Opportunity: Like all individuals, leaders screen incoming information to separate the useful from the useless. However, Mukesh is also successful entrepreneur and business leader screen incoming information to constantly seek new growth opportunities. He never left any opportunity behind 4: Locus of Control: Mukesh assume that any success they experience is due to their personal efforts and that they have the ability to influence events. Interestingly, internal also assume failure was also their fault. 5: Goal Orientation: He was Goal Oriented and was keen in achieving it. Businesses come and go, but those that last always share a common characteristic with their founder—a relentless drive to accomplish goals. 6: Optimism: Positive thinking was another aspect Mukesh Ambani possessed. Underlying successful entrepreneurial leadership is a boundless font of optimism that never seems to end. When faced with a problem, they view it as a challenge. 7: Courage: He never gave up always carried the zeal to do new things. It requires a great deal of courage to build a company from the ground up. 8: Tolerance to Ambiguity: Mukesh Ambani was never a failure he constantly kept trying to reach success. This term refers to a person’s tolerance to uncertainty and risk. 9: Strong Internal Motivation: The motivation that drives Mukesh’s behavior comes from two sources: internal (intrinsic) and external (extrinsic). Intrinsic factors include constructs like needs, desires, motives, and will power. Extrinsic factors include any type of motivational influence from the environment such as rewards and punishments. Awards and Achievement Reliance Industries chairman Mukesh Ambani has won the Business Leader of the Year at NDTV Profit Business Leadership Awards 2010 in Mumbai. During the occasion, he said that Goods and Services Tax and Direct Tax Code are historical milestones and every country would want to have them * Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV * Conferred the United States-India Business Council (USIBC) leadership award for Global Vision 2007 in Washington. * Ranked 42nd among the Worlds Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Price water ouse Coopers and published in Financial Times, London, and November 2004. * He is also a member of the International Advisory Board, a globalist think tank council on foreign relations * Ranked 13th in Asias Power 25 list of The Most Powerful. Mukesh Ambani one of the leading Business Tycoon of India has made a great impact on Indian Economy and also on people’s life. Being optimistic, focused, goal oriented, achiever is some of the business lessons for me. His broad thinking and clear vision has made me to look at any kind of business at a broader level. What I really admire is that Mukesh Ambani has not only supported the higher class people but also the lower income category group as well by introducing Reliance cell phone which was feasible for everyone to effort. This concept has made me to look at business in all aspect and cover as many categories as possible. This research has helped me to understand what a leader is and what kind of qualities they possess. I learned from Mukesh Ambani’s life is that to be persistent and determined in the work and always look for the opportunities which I can implement in the business world.