Consumer Driven Health Plans and Health Savings Accounts Essay

Consumer Driven Health Plans and Health Savings Accounts - Essay Example ible Spending Accounts such as tax benefits to employees and employers, a portable health program, an attractive incentive program and an affordable approach to health care. They are preferable to other options because they offer portability and are less limited or risk-laden than the HSA. However, they do require a high deductible health plan. In determining the best type of health plan to offer our employees, the option of Health Savings Accounts presented itself as being the best choice for our company situation as a small but growing firm. This paper describes what a Health Savings Account is, addresses the most unique advantages it has to offer with particular emphasis on the advantages offered to small companies and compares this type of program with other consumer driven health plans available. In addition, the disadvantages of Health Savings Accounts are discussed, common questions are posed with answers provided by the Department of Treasury and consumer feedback is offered. A Health Savings Account (HSA), an example of a consumer-driven health plan, offers a distinct alternative to the way in which we work with traditional health insurance programs such as Health Maintenance Organizations (HMO) or Preferred Provider Organizations (PPO). One of the greatest advantages of HSAs is that they offer tax breaks that continue to grow wealthier because consumers decide for themselves how to spend less. Patients pay for a greater share of their health care directly and are given more control over the money in their HSA than they would have in more traditional plans. These plans are contingent on the use of a high-deductible health insurance plan that meets specific criteria, which functions to lower costs for employers as well as premiums for employees. Decisions on what types of investments to make with the money are made by the individual consumers without relying on a third party employer relations expert or a health insurer. In addition, each person

Jim Morrison and Susan Sontag :: History

Jim Morrison and Susan Sontag Jim Morrison is the lead singer of the classic rock and roll band "The Doors". Jim Morrison not only was the lead vocalist in the famous sixties band, he was also the writer of most but not all of The Doors songs and the author of many poems. Susan Sontag is an accomplished author. Some of Susan Sontag's works include essays, reviews, editing, novels and short stories. Although at first Jim Morrison and Susan Sontag appear to have nothing or very little in common, both because of Jim Morrison's main influence coming from author Friedrich Nietzsche, who believed in existentialism (a body of ethical thought centering about the uniqueness and isolation of individual experiences in a universe indifferent or even hostile to man, regarding human existence as unexplainable, and emphasizing man's freedom of choice and responsibility for the consequences of his acts), and Susan Sontag's writings following a style of existentialism, both Jim Morrison and Susan Sontag's works focus constantly on relating the message of placing blame on oneself in order to obtain a more perfect soul. Born James Douglas Morrison on December 8 1843 in Melbourne Florida to parents Steve and Clara Morrison(Hopkins, Sugerman 5). A few months after the birth of Jim Morrison, Jim's father Steve and his mine layer were sent off to fight in World War Two. For the next three years Jim's mother Clara, was forced to raise Jim with only the help of sympathizing relatives who believed in ideas such as "Children should be seen and not heard ... Ignore something unpleasant and it will go away... "(Hopkins, Sugerman 5). This constant barrage of negativity may have been one of the first factors leading to Jim's beliefs in existentialism. The way in which the negativity lead to Jim's belief is that through the constant attack, Jim began to feel as if he were responsible for all of the mishaps occurring in the family. This feelings that Jim had, showed his first signs of becoming an existentialist, because feelings of responsibility are one of the common characteristics of many existentialist authors, musicians and artists. A second event in Jim Morrison's life, that may have been a reason for Jim becoming a existentialist occurred while Steve Morrison, Jim's father, was driving through New Mexico when "They [The Morrison Family] came upon an overturned truck, and saw injured and dying Pueblo Indians lying where they had been thrown on the asphalt" (Hopkins, Sugerman 6).

Nina Simone

Nina Simone was one of the most powerful singers of not only her time, but of all time. Her music made people think, change and copy. In her music, she made contributions to the civil rights movement. She used and touched so many genres of music from Jazz all the way to modern day rap She had influenced countless artists and passed without any acknowledgment or fanfare deserving of such an amazing arust. Eunice Kathleen waymon was born February 21, 1933, In Tyron North Carolina.She was an especially brilliant and talented child. Eunice picked up music very easily and even as a small child after hearing a hymn only once could sing it perfectly. She was able to play plano by ear at age two and a half. she was the regular planlst every Sunday at church by age five. at this age she was compared to Mozart. After seeing the talent in such a young child an older German lady, Muriel Massinovitch offered to teach young Eunice. Mrs. Masslnovltch, fearrd her pupil would soon surpass her as by a ge eight she could decipher musical scores, read and write music.Eunice awoke even more with the classical composer, such as Bach,† Bach made me dedicate my ite to music†. Eunice had her first brush with segregation at an early age ot twelve. Mrs Massinovitch was so proud of her talents she organized a recital to show of Eunice talents. Her parents very proudly sat in the first row; however, before the recital started a white couple approached them for their seats. As was the law back then the Waymon's got up to move, at that point Eunice stated in front of everyone she would not play If they were made to move.The white couple sat elsewhere and her parents visibly embarrassed took their seats and watched Eunice play.. After this Eunice would say later looking back, â€Å"All of the sudden it seemed a dfferent world graduating In 1950 at the top of her class applied to the Curtis Institute. She received a letter in 1954 stating that they had rejected her. There is specul ation that it was because she was a women and because she was a black woman. whatever the reason an all white male jury had rejected Eunice this plagued her through her life.. Eunice changed her name to Nina Simone after playing a club in Philadelphia in1954. he got the Job to play plano her true love and was told by the manager she would ing or be out of a job thus her stage persona was borm She took the name Nina meaning â€Å"little one† she said was nickname from a former lover and Simone for Simone Slgnoret In casque d'Or. Nina married her manager Andy Stroud In 1901 and gave birth to daughter Lisa in 1962 She worked hard to support her family and endured abuse from her husband. Stroud controlled every aspect of Nina's life and career. She was hospitalized several times tor exhaustion.Andy told her that too many people relied on her so she couldn't take a break and wouldnt even allow her to breast feed their daughter. It Is suspected that Nina had begun to have a mental Imoalance or a m Olsoraer around IYO/ out tnls was not connrmea. Nlna's songs were classified as Jazz, blues, gospel and even later r&b. All she has ever wanted to do was play classical piano and consider any other music as inferior. Nina got involved in the civil rights movement and her songs became anthems for not only the civil right movement but for the emerging feminist movement.Her song â€Å"Mississippi Goddam† was written after she heard about four black girls that were killed going to church by a bomb in Alabama. The songs lyrics are â€Å"Alabama's got me so upset. Tennessee made me lose my rest. / But everybody knows about Mississippi Goddam/ Hound dogs on my trail/ schoolchildren sitting in Jail/ Black cat across my path/ I think every day ‘s going to be my last. † The last lines are mfou don't have to live next to me/Just give me my equality. † Most radio stations refuse to play the song.The song sold well except in the south where it was boyco tted and censored. Some retailers return the record to the distributors after breaking each record in two. Although most of Nina's music chronicles the fight for equal rights and racial njustice her song â€Å"Four Women†, not only spoke to the civil right movement but to feminist groups fighting for equal right for women. The song talks about one daughter being born out of a rape of a slave and many black stations banned the song. They considered the song,† an insult to black women. Nina made sure to continue to fight for both causes not only in her music but she also cancelled tour dates to participate in protest concerts with many others most notably Langston Hughes who became one of Nina's best friends. Nina's music draws from spirituals, blues, folk, classical and even some traditional music. Many of her songs have been redone and made popular by other artist for example â€Å"House of the Rising Sun† this bothered her as she felt people didn't know where th e songs came from. Although Nin's instrument was a piano she felt that her voice was the only â€Å"pure instrument†.Many of her songs may have appeared to be filled with anger but many of her songs just have soul and no anger for example â€Å"l Hold No Grudge† The words are, â€Å"l hold no grudge/ There is no resentment und'neath/l'll extend the laurel wreath and we'll be friends. † Brooks also calls Simone â€Å"the cultural arm of the civil rights† Nina Simone assed away April 21, 2003 in a small village in the south of France. â€Å"Her death didn't cause much stir in the media European or American. It was said merely that a bad tempered but successful diva from the world of Jazz had passed away.That was about it† â€Å"On May 18th 2003 the Curtis Institute of music posthumously awarded Nina an honorary diploma for her contribution to the art of music. † Nina was aware of the schools plan before her death but her family accepted the ho nor for her. It almost seems like at long last Simone achieved her ultimate goal. To see what kind of mpact Nina Simone had on the world you need only look at todays popular artist from Norah Jones, Missy Elliott, Lauryn Hill and even Marilyn Manson, â€Å"claim her as an influence. Her songs have been rerecorded over and over many people are fans and don't even know they are listening toa Nina Simone song. To have such a huge impact on such wide variety of artists is outstanding and hard pressed to match. I have long been a fan of Nina Simone. I myself used to be one of those saying,†Oh this is a song of Nina Simone. † upon hearing the song in a movie of a soundtrack. I began istening to her music and realized how unbelieving moving it is. Her songs and make you angry and then relax you in the next verse.

Rule of St. Benedict - 1160 Words

Monasticism or monarchism is literally the act of dwelling alone. The Rule of St Benedict played an important role in Europe during the middle ages, monks were able to preserve many classical works from both the Romans and the Greeks while acting as copiers that produced books, they were the most pious of the church and acted as a model for the average person to strive for. It dignified manual labor, the rule acted as a written constitution and rule of law for most monasteries, policies could be seen as harsh by some but the overall message is built around a positive spirit of reconciliation. The Rule of St. Benedict most significant role for the development of European civilization was education. The beginning of Christian monasticism can be divided into two main types, the eremitical or solitary and the coenobitical or family type. St. Anthony may be called the founder of the purely eremitical system or hermit life style living out in the desert, while St. Pachomius was the founder of the second less solitary and more community based way of life. The rule of St. Anthony or the Antonian system left the monks way of life up to his own discretion. This contrasted the Rule of St. Pachomius who were almost all living as a community yet without the stability brought by the rule of St. Benedict. The two rules would rival each other in Egypt but wouldn’t become a model outside of Egypt. Then in the 4th century St. Basil changed and reordered Greek monasticism. He rejected theShow MoreRelatedThe Rule Of St. Benedict1566 Words   |  7 Pagesas important characteristics for a perfect society to function. In The Rule of St. Benedict, Benedict clearly writes out the routines that the monks living in a monastery should participate in. He dictates what the monks should say and read at certain times of the day. He even goes as far as dictating diets, clothing, and chores. There is a clear order of authority and steps of discipline for those who make a mistake. Benedict places an Abbot at the head of every monastery. The Abbot serves as a fatherRead MoreThe Role Of Monastic And The Problem Of Christian Conversions For Pagan Societies1286 Words   |  6 Pagesprimary writings of St. Benedict define the purpose of the monastery to spread Christianity as a source of religious power throughout Europe. More so, the role of monastic culture in Europe society defines the preservation of roman administration and culture throughout areas considered to be â€Å"barbaric†, such as the German tribal kingdom along the Rhine that St. Columban describes in the Boat Song. In addition to preserving Christian society in the Roman Catholic model, the writings of St. Columba defineRead MoreThe Purpose and Practice of Monastic Vocation Essay667 Words   |  3 PagesBenedictines Benedictines - The Benedictines are the oldest monastic order in the West, founded by St. Benedict of Nursia (c.480-543) in the 6th century. Benedict founded several monasteries, but he spent his last years at the monastery at Monte Cassino. St. Benedict creates a strict set of rules which all of the members of the order were supposed to follow. These are the rules:  · Once you have entered a monastery you must stay there until you die.  · All monks mustRead MoreEssay about The Emergence of Europe1417 Words   |  6 Pagesreceive baptism, along with his army, in fear of defeat by the opposing German armies. Grasping on to this new Christian faith, Clovis conquered several of his enemies including the Visigoths and the Alemanni resulting in the expansion of his Frankish rule from eastern Germany to the Pyrenees.12 By the end of his reign, Clovis was able to unify the Frankish tribes under one kingdom and develop a strong alliance with the Christian church. The leadership that was so badly needed in western Europe couldRead MoreEssay on The Road of Joseph Ratzinger t Pope Ementus Benedict1269 Words   |  6 Pagesof the Catholic Church. This is something that started right after the death of Jesus. When Jesus resurrected, he said to St. Peter, â€Å"Feed my lambs.... Tend my sheep.... Feed my sheep.† This command given to Peter made him the head of the apostles, henceforth, making him the first Pope. Peter would rule for approximately 34 years, and when he died he was succeeded by St. Linus. The tradition of serving as Pope until death was started by Peter and has been carried on for centuries. Since PeterRead MoreThe Christian Influence on The Middle Ages Essay1262 Words   |  6 Pagescenobitic, rules began surfacing that taught the monks how to live within their monasteries. One of the most important contributors of this time was Saint Benedict of Nursia. To guide Christians pursuing such a life, St. Benedict wrote Regu la Benedicti, The Rule of Saint Benedict. This book was composed of precepts for monks to follow as they lived in communal monasteries under an abbot. Ideally, poverty, chastity, and obedience were the most sought after traits that one should follow. Saint Benedict instructedRead MoreDesert Fathers, Early Monasticism Essay931 Words   |  4 PagesWestern monasticism began to grow through the example of Benedict of Nursia. Perhaps the best known Western monk, he segregated himself from society in about 500 A.D., and then founded his first of twelve monasteries in 529 A.D. near Rome , some of these twelve including some of the first schools for children . Benedict and Benedictine practice shaped and formed the rules, practices and codes of monastic life, known as the Rule of St. Benedict, which are still in active practice today in the BenedictineRead MoreThe English Church Exposed in Canterbury Tales Essay1113 Words   |  5 Pagestraditional Christian rules behind and do things that are clearly forbidden in either Bible or in St. Benedict. The monk, as an example, thinks hunting and eating are the biggest fun in life. Hunters are considered unholy men because of they take killing as entrainment and pleasure. But the monk ignores that rule and even wants to convince other people to think that hunting is a holy thing. His lavish life is nowhere near the abstemious life style that is required in St. Benedict. Unfortunaly the monkRead MoreThe Role and Significance of the Monastic Life in Medieval Christianity1654 Words   |  7 Pagesword monaches which means solitary and hermit from heremites a desert dweller. The early monks and nuns were just that: men and women who fled the worldliness of urban life and the ethos of a church that was at the time of Anthony and St. Paul and established institution of the Roman Empire. They fled to the desert to repent and seek God by prayer, fasting and hard manual labour. In the desert they practiced an aesthetical lifestyle of great poverty and extreme simplicityRead MoreThe Theory X And Theory Y985 Words   |  4 PagesObedience mean more than the words come off. Obedience doesn’t just mean â€Å"do what you’re told† it goes more deeply to describe what you have agreed to do. When clear rules and clear expectations are set, you should abide by and follow them. At work, I have agreed to take on the role of a medical assistant. This means there are certain rules and guidelines equipped to do the job. As an employee of the organization, I am agreeing to be obedient and get the job done. The Hallmark of Discipline is meant

Argument For Corporate Social Responsibility - 1082 Words

Arguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporate entities, whereas others justify that corporate entities do have social responsibility. The roots of critics of CSR are so old that it is a challenge to the neoclassical business model itself (Valor, 2005). According to Smith (2005), there†¦show more content†¦Additionally he argues that CSR is against the nature of a free economy But, there are some evidences to counter argue to this premises. We argue that firms often engage in CSR â€Å"precisely because it enhances shareholder value† and, more specifically, that some CSR activities â€Å"create goodwill among consumers in excess of their price tag. Margolis and Walsh (2001) reviewed the studies that investigated the relationship between CSR and the corporate financial performance in past 30 years. They found that more than 50% of the studies shown that CSR performance of the company is positively related with the corporate financial performance. Competitive Disadvantage Friedman (2007) further argues that socially responsible firms will be at a competitive disadvantage due to the added expense incurred by CSR activities. Counter to this Smith (2002) with the evidences drawn from the case of Alfred Sloan’s decision proves that CSR doesn’t bring the competitive disadvantage with it. He argues that, firms that have good SCR record in public will be given better brand image and the investors will show more trust in such companies. Hence even though the companies initially lose their part of profit o CSR, they will after a period of time, attract more and more investors and broaden their consumer base which improves both the investment and gives advantage of efficiency due to large scale of operation. Farness argument: Argument For Corporate Social Responsibility - 1082 Words Arguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporate entities, whereas others justify that corporate entities do have social responsibility. The roots of critics of CSR are so old that it is a challenge to the neoclassical business model itself (Valor, 2005). According to Smith (2005), there are five major arguments against corporate social responsibility. These are the problem of competing claims, competitive disadvantage, competence, fairness and legitimacy. We will discuss below the arguments made against the concept of CSR and also we will counter argue these prepositions. Is only social responsibility of business is to create shareholder wealth? First important arguments against CSR come from Friedman (2007). He argues that CSR is not in the shareholders’ interest and the idea that companies have a responsibility to act in the public interest and will profit from doing so is fundamentally flawed.. He argues that moral responsibility of the company is also to maximize the benefits for its shareholder. And spendingShow MoreRelatedArgument For Corporate Social Responsibility1082 Words   |  5 PagesArguing for Corporate Social Responsibility Introduction: The Corporate Social Responsibility (CSR) originated in 19537 with the publication of Bowen’s book Social Responsibilities of Businessmen (Carrol, 1999). Some perceived that at that time, the emphasis is placed on business people’s social conscience, rather than on the company itself. Some argue that corporate entities do not have any social responsibility except the ones that were written in agreement with government while establishing corporateRead MoreArguments for and Against Corporate Social Responsibility1004 Words   |  5 PagesWhat is corporate social responsibility? Give arguments for and against social responsibility? Ans. Social Responsibility Social responsibility can be defined as: â€Å"A business’s obligation to follow goals that are good for both organization and society in the long-term, and are not required by law.† Corporate Social Responsibility The term corporate social responsibility came in to common use in the early 1970s. It means the duty of an organization towards society in order to prove itselfRead MoreCorporate Social Responsibility and Single Strongest Argument1106 Words   |  5 PagesIdentify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. dasdasdassadasdasdadadasdadsdadasdasdassssssssssssssssssssss- ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss- ssssssssssssssssssssssscourse? Or is it still a vital reality? 4. Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power. 5. Explain in yourRead MoreAflac : An Economic Argument For Strategic Corporate Social Responsibility1702 Words   |  7 Pages Aflac: An Economic argument for Strategic Corporate Social Responsibility Ruben Guardiola MNGT 5990 Corporate Responsibility and Society Prof. Brian Craven July 9, 2015 â€Æ' Introduction The company chosen for this case paper is Aflac, Inc. They are a life and health insurance company that markets supplemental insurance for individuals. Company insurance policies include cancer insurance, hospital intensive care, home healthcare, accident, and disability insurance. Products are marketed mainlyRead More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words   |  7 PagesWhat Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics , for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as aRead MoreCorporate Social Responsibility As Corporate Citizenship1417 Words   |  6 Pagescompetitive advantage can be obtained from intertwining social, as well as, environmental considerations into business from the very beginning. Through this process, businesses can come up with the next generation of ideas, employees and markets. Therefore, corporate social responsibility is a commitment to improve public welfare through flexible business practices, along with contributions of corporate resources. Corporate social responsib ility is all about ethical values and acquiescence with legalRead MoreEssay on managerial ehics1410 Words   |  6 PagesComplete Discussion Questions 3, 4, and 5 on page 27 of Business and Society. 3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality? Affluence refers to the level of wealth, and standard of living of the society. As the standard of living is increasing every year, peopleRead MoreViews on Corporate Social Responsibility Essay1005 Words   |  5 Pages Corporate Responsibility While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, â€Å"A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste andRead MoreAssessment: Corporate Social Responsibility1308 Words   |  5 PagesA companys success is usually assessed in terms of its annual profits. However, this view does not take into account ethics and sustainability. Examine the arguments for and against CSR. Should all companies be required to incorporate CSR within their local community? Introduction Although corporate social responsibility (CSR) has become a buzz point in the American business world of today, assessment of its prerequisites indicates that the topic may be more problematic than seems at first flushRead MoreCorporate Identity, Corporate Branding And Corporate Reputations : Reconciliation And Integration1077 Words   |  5 PagesN. (2012). Corporate identity, corporate branding and corporate reputations: Reconciliation and integration. European Journal of Marketing, 46(7/8), 1048-1063. This article will be utilized to assist managers in aligning and optimizing brand and reputation, while academics will be able to use this framework for future empirical research. IT focuses on defining, reconciling and depicting corporate reputation among other constructs in a framework that assess the dimensions of corporate reputation

My Preparation for University - 1365 Words

Module 1: Preparation for university A. Describe four of your main responsibilities as a university student. 1. My first main responsibility as a university student would be to apply myself effectively throughout the course. By applying myself effectively I intend to successfully complete the course within the allocated time period. 2. Secondly, I need to make sure that I have read and download all relevant materials; relating to my subjects. Having access to all the relevant study materials; will help to be an efficient and productive student. The end goal being successful completion of my selected course. 3. The third responsibility, is to make sure that all assignments are submitted by the due date and within the parameters of the assessment criteria. To meet the assignment criteria I must refer to the individual assignment criteria outlined in the assessment block on Moodle or located in the course profile. 4. Lastly the fourth responsibility would bre to strive to be a independent learner. Page 10/11 B. Describe four of the most significant resources that you have to help you with your learning journey. As stated in the Cottrell text the four main resources can be defined in to four groups of home, self, university and other. My first significant resource from the ‘Home’ group is my partner Richard because he is very supportive of my goals. It is very important I believe to have a positive place to study at home to enable success and he has helped me toShow MoreRelatedMy Ability As An Effective Teacher1342 Words   |  6 PagesI have always questioned my ability as an effective teacher. Every lesson I teach or conjure up in the wee hours of the night requires the learner in mind. Hospitals are for patients, so schools should be for students. Yet, there is a constant gravitation towards running schools based on money and logistics. These issues are out of the educator’s hands, but the ideals, and the decision makers, that fuel them can have detrimental effects on the teachers recruited to the field and the effectivenessRead MoreChristmas Is A Sacred Festival Of T he Christians And A Traditional Holiday For Atheists921 Words   |  4 Pagesweeks. In this essay I will explain my three week schedule in Christmas holiday break from December 14th 2015 to December 31st 2015. I always create a study plan to navigate through my college education in a more organised way and to improve my study outcomes. It also helps me to improve my time management skill in my future career as well as my university pace which requires self-discipline and determination to complete my tasks effectively. In order to manage my work and entertain in a tremendousRead MoreAfrican Americans and the Nursing Field1369 Words   |  6 Pages Can you imagine back when you were a child and the feeling you had that was associated with going to the Doctor? Do you remember the image of that long, skinny needle that the doctors would have in their hand in preparation to stick you with? If so, you may remember those memories not always being pleasant ones. However, as adults looking back, we may think to ourselves how important that it was to go to the doctor and how important it is now. Despite the importance of the medical profession, nursingRead MoreEssay For Executive Director954 Words   |  4 PagesIt is with great enthusiasm that I submit my application for the position of Executive Director for Engagement at the University of California Office of the President. I believe the University of California’s commitment to excellence, diversity, and access aligns with my vast experience, skills, values, and passion of working to ensure college access and opportunity for students. My extensive experience in the realms of K-12, Higher Ed, and UC Outreach make me an excellent candidate for this positionRead MorePlato’S Idea Of A Teacher Is One Whose Soul Boldly Faces1291 Words   |  6 Pagesschool house. He then attended summer school for two consecutive summers to gain a permanent teaching certificate. He eventually went on to earn a Bachelor’s, Master’s, and finally a Doctoral degree at the University of Chicago. Goodlad then moved from elementary school teacher to a university professor. He spent his years in higher education in varies positions within teacher education. This included teaching at a Laboratory School, a Dean of the Graduate School of Education, and Director/Co-directorRead MoreIncorporating Tools And Training For Artist Preparedness Into The Art School Environment1383 Words   |  6 PagesStudent Affairs Tyler School of Art, Temple University carmina.cianciulli@temple.edu SECAC Conference 2016 In 2013, the Strategic National Arts Alumni Project, a project of Indiana University, surveyed more than 77,000 arts alumni. 75% of art school alumni have been self-employed at some point in their career. Yet 78% of the respondents indicated little or no preparation of financial and business management skills; 74% indicated little or no preparation of entrepreneurial skills. 53% indicated thatRead MoreCollege Research Topics765 Words   |  4 PagesDeliverable One Research Topic The research topic I am selecting is effective emergency preparation for response to active shooter events in higher education institutions. I belong to a member institution of the Council for Christian Colleges and Universities (CCCU). In my review of literature, I have not found research which is specific to this higher education association and the unique culture and belief system of its membership. I will specifically focus on CCCU member institutions in NorthRead MoreThe Field Of Eating Disorders805 Words   |  4 Pages My goal in becoming a clinical psychologist is to specialize in the field of eating disorders. After obtaining my PhD, I aspire to become a tenured faculty member at a research university, using my research and clinical training to enhance the understanding of the etiology, course, and treatment of eating disorders. As an established researcher, I will leverage my research by writing grants to address my research hypotheses and disseminate my findings in journ als and conferences. Additionally, IRead MoreEpidemiology Of Transition For Stage D Heart Failure1529 Words   |  7 Pagesresult analysis and manuscript preparation. Our data result in four abstracts that had been accepted for presentation at AHA meeting 2015. Ongoing project. Clinical Trial: NEAT-HFpEF â€Å" Nitrate’s Effect on Activity Tolerance in Heart Failure with Preserved Ejection Fraction†. The purpose of this study is to evaluate whether isosorbide mononitrate (ISMN) compared to placebo increases daily activity as assessed by 14-day averaged arbitrary accelerometry units (AAU14). My contribution to this clinicalRead MoreCounseling And Related Educational Programs1522 Words   |  7 Pagesis the organization that accredits post bachelorette programs in counseling and associated professions, offered by colleges and universities internationally (Welcome, 2014). Some of the purposes held by CACREP include creating excellent programs in counseling and related disciplines, accrediting professional preparation curriculums, and developing standards for preparation programs (Vision, 2014). Without the existence of CACREP, the counseling profession would be less credible when compared to other

Case Study 3m Free Essays

string(75) " people are not likely to invest in a company they don’t believe in\." Minnesota Mining Manufacturing Company Case Study Table of contents Table of contents Page 1 Introduction to 3M Page 2 Market and products Page 2 Performance over the last 5 years Page 3 International Marketing Activities Page 4 Miscellaneous Topics Page 6 Appendix 1 Page 7 References Page 8 Introduction to 3M 3M Company, the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen. They wanted to make a profit out of minerals for grinding wheel abrasives, but this failed to really take off. Their real success lay in the encouragement towards innovative employees, which resulted in several exclusive products such as waterproof sandpaper and masking tape. We will write a custom essay sample on Case Study 3m or any similar topic only for you Order Now The search for new products and innovations became their core business from then on. Despite several failures in the first years 3M continued growing and coming up with new innovative products such as the now famous Scotch tape. In 1929 3M went international as well as traded their first stock and in 1949 they became listed on the New York Stock Exchange [3M Timeline]. By the 1950s it had international sales amounting to $20 million. In 1960 and 1970 it kept growing and released a line of board games which was very successful. They also produced their only traffic signal around this time, one that is still being used today. In the late 1970s the company was involved in some of the first digital audio recordings and in the 1980s it invented the Post-it notes [Haeg 2002]. The company is still growing today and now has over 130 factories employing some 67. 000 people. Its international sales increased tenfold since 1950, now amounting to a staggering $22 billion [3M Press Release 2006]. M is currently working on focusing on its core businesses and they intend to sell some of their product lines. Their current business model focuses on â€Å"the ability to not only develop unique products, but also to manufacture them efficiently and consistently around the world† [3M Timeline]. Markets and products The market position of 3M depends on which market you look at. Its consumer and office business products are sol d in more than 80 countries. Some of the worldwide-known products of 3M in this market are Scotch ®, Post-it ®, Scotch-Brite ®, Scotchgard, Filtreteâ„ ¢, Commandâ„ ¢ and Nexcareâ„ ¢. M distinguishes their products from other products by providing high quality and value for money. In the display and graphics business 3M has three core businesses which all hold the market-leadership position and are registering solid growth. The three core businesses of 3M in this market are the commercial graphics market, the transportation safety market and film market. 3M is the market leader in the health care business providing medical, dental and orthodontic products, and drug delivery and health information systems. In this market 3M is registering strong growth with the sale of branded pharmaceuticals. An example of a product in the medical market is 3M’s Petrifilm plates which are used by food processors to help provide healthy food. In the industrial and transportation market 3M is not holding a leadership position. They are showing solid growth in this market by building core businesses and by expanding into large adjacent markets. 3M believes that the oil, gas and do-it-yourself car-care are two markets that will contribute to their growth. In 2005 they acquired CUNO Inc. , a global leader in the liquid filtration market, which gave 3M the possibility to grow into a new market segment. M is also a market leader in the safety, security and protection service business. Especially due to the large demand for safety nowadays the company is doing very well in this market. They generate more than 60 percent of their sales outside the U. S. by selling occupational health and environmental safety products, security systems and building safety solutions. The company is doing well internationally and their global presence is their main competitive advantage which enables them to capitalize on the rapid growth of manufacturing in emerging economies. To meet the worldwide demand, 3M is constructing a new plant in Korea, expanding production in the U. S. and through selective acquisition. Performance over the last 5 years Looking at performance is always a hard thing to do, because it can be measured in many different ways such as stockholders value, value for the community or whether or not the company provides stable profits and growth of profit. We will try to highlight all aspects of performance but the main focus will be on the financial part of the company. Firstly, when looking at the share prices of 3M compared to the Dow Jones Index, which is the weighted value of the biggest American firms, one can see that over the last five years 3M’s share value grew by 20% while the Dow Jones Index showed a 40% growth. In other words, most other companies showed a considerably larger growth. It should be noted, though, that 3M shows to be a stable company over longer period of time, without excessive drops in share prices, which means there is little to no risk involved in investing in 3M. On top of the increased value of the shares, the stockholders received a steady dividend of 1. % on average over the last 5 years. Because of a growth in profit the payments of dividend tend to increase over time and the expectations for the future are increasing profits if only a few percentages a year. Secondly, we will compare 3M’s performance to that of its main competitors; specifically the other large conglomerates: Johnson and Johnson and Avery Dennison. When we compare the growth of revenue 3M is somewhat behind on its competitors, as Johnson and Johnson obtained a growth rate of 16%, Avery one of 13% and 3M only 7. 3% over the last 4 quarters. Remarkably then, 3M showed the greatest increase in share prices over the last five years. This shows the strength and trust in the company, because people are not likely to invest in a company they don’t believe in. You read "Case Study 3m" in category "Free Case study samples" We will now try to see what this company meant for society. It’s clear that 3M is a big employer with 76,239 employees. No big redundancies can be found in the last five years. Furthermore there are no scandals involving things such as child labor or misuse of the environment. In short, 3M is a stable employer, which does little or nothing wrong. International Marketing Activities Segmentation The 3M Company operates as a diversified technology company worldwide. By segmenting its business it increased speed and efficiency by sharing technological, manufacturing, marketing and other resources. 3M operates in the following six segments: Industrial and Transportation; Health Care; Display and Graphics; Consumer and Office; Safety, Security, and Protection Services; and Electro and Communications. Each segment has its own targeting group, which the name of each segment already pretty much reveals. Distribution As 3M originally being an American company, it is now operating throughout the whole world. In 2006, 61% of the company’s sales were international, while 39% of sales were in the U. S. But still 57% of 3M’s operations were in the U. S compared with 43% internationally. The company hopes to bring this number of operations internationally up to 55% by 2012 [Ackerman 2007]. New plants will increase capacity geographically and improve some production facilities. Plants are now being built in Korea, China, Russia, Poland, India and Turkey. Streamlining efficiencies in distribution and logistics will lower costs and reduce working capital needs [Rick 2007]. This means that operating in these markets becomes easier due to a decreasing in the channel length. Still, 3M products are sold through numerous distribution channels, which is necessary. Products are sold directly to users and through several wholesalers, distributors, retailers and dealers in wide variety of trades in many countries around the globe. 3M’s management believes the confidence of these distribution channels in 3M and its products, developed through long association with skilled marketing and sales representatives, has added considerably to 3M’s position in the marketplace and to its growth. M has 189 sales offices worldwide, with 15 in the U. S. and 174 internationally [Campbell 2005]. Product Policy When operating in advanced economies’ industries, it is important to adjust marketing strategies accordingly to the situation. 3M is offering such a wide range of products, that it is sometimes necessary to standardize these products. â€Å"With well -known products such as Scotch tape and Post-it notes, the company enjoys a broad portfolio of products that address the needs of just about every economic sector that exists in just about every geography that one can think of [Rick 2007]†. When looking at just one of the business segments of 3M, the company says they are a global leader in the Industrial and Transportation Business with products such as tapes abrasives, adhesives, filtration systems, etc. It is easy to standardize these products because these products are associated with cultural universals; that is, when consumers from different countries share similar need characteristics and therefore want essentially identical products. An important point of product policy is cost advantage. To reach this cost advantage, the firm must keep its product cost competitive by eliminating unnecessary options. Then it is desirable to offer a standardized product with a standard package of features or options included. The simplicity of these products offered by 3M is a strength regarding to standardization [Onkvisit and Shaw 2004]. Take for example Scotch Crystal Clear Tape. This product is a great example of a standardized product. Its package contains a small description in eleven different languages while still made in the USA. Essentially, the main marketing goal is to maximize profit. Pricing and Promotion strategies Many of 3M’s products are standardized, but not all. This means that their not asking a premium price for the majority of its products. On March 21, 2003 after only a 4-month development and implementation project the company launched â€Å"3M Marketing Online† in Europe. 3M was already looking for a new application that would centralize all marketing strategies between the European entity and other 3M European subsidiaries. M Marketing Online provides a powerful sales and marketing knowledge base, centralizing all information necessary, such as market research, best practices, promotions and not to forget pricelists. This application allowed 3M to significantly simplify the information distribution processes for their sales network. Having such many different brands as 3M implies many different promotion strategies. But one strategy that would cover the whole entity is choosing a name that reflects its character, brand promise and position in the market place. The 3M name fits well in 21st century global market, even though the company already exists over a hundred years. The original registered name was the Minnesota Mining and Manufacturing Company and the name ‘3M Co’ first appeared in a diamond shape in 1906 complete with company’s full name and its Duluth, Minnesota headquarters location around it. Today’s familiar internationally recognisable red 3M logo was introduced in the 1970s and is a highly prized asset. It is not just a symbol of corporate identity; it is also a trademark and brand [Wnim 2002]. Miscellaneous Topics M states on their website: â€Å"Community giving is an important part of 3M’s sustainability strategy† [3M Community]. Further research taught us that this is not a lie. 3M’s community giving is extensive; examples are philanthropy, employee volunteerism and donations, 3M cash gifts and donated products. 3M says it invests in the communities where it has facilities. Although this does not distinguish 3M from other Multinational Corporations (MNCs), who also fund projects in the regions they have facilities, what does distinguish 3M is that they are among the leaders in workplace volunteerism. Employees are stimulated to pass their knowledge on to the locals. An example is the 3M Science Encouragement Programs, where 3M scientists and engineers share skills and career inspiration with students and scholars [3M Volunteerism] As just mentioned 3M also spends a lot on community giving, the giving goes to: K-12 education, health human services, environment, higher education, arts, culture and volunteerism. Since mathematics, science and economics are fields that 3M depends on for their future it is not just charity to fund projects to increase student achievement in mathematics, science and economics [3M K12]. It is also in the interest the company as well as their higher education project. With these projects, 3M makes itself known to the students and creates goodwill among students. The one thing that is the same in all the projects is that they are focused on the people or environment in the community where 3M has a factory or facility. This varies from giving lectures to taking care for the local environment. _ _Another program that shows 3M’s involvement with the communities is their matched gift program. Every employee and retiree of 3M that makes a cash donation to a good cause will get a matching donation from 3M. This means that every dollar donated will be matched by one dollar by 3M. Each donation will be doubled by 3M with a maximum of $40,000. The main goal to all the community giving projects of 3M is that 3M wants their employees to contribute, whether this is by giving workshops and transfer their knowledge or via donation. 3M wants to contribute in the communities where they have a facility, and wants their employees and retirees to do so as well [3M Community Giving]. Appendix 1 Consumer and Office market: Display and Graphics market: *Includes $39 million of restructuring expenses Electro and Communications market: *Includes $46 million of restructuring expenses Health Care market: *Includes $673 million of net gains primarily related to the gain on the sale of a portion of the pharmaceuticals business, partially offset by restructuring and other items Industrial and Transportation Business *Includes $15 million of restructuring expenses Safety, Security and Protection Services market *Includes $10 million of restructuring expenses Source: http://www. 3m. com References Haeg, Andrew. â€Å"3M at 100 – on the right path for growth?. 10 JUNE 2002 30 MAR 2008 http://news. minnesota. publicradio. org/features/200206/03_haega_3Mhistory/. â€Å"Historical Timeline. † 3M. 3M. 31 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/our/company/information/history/timeline/2000-firsts. â€Å"Product Services. † 3M. 3M. 31 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/Products/ProdServ. http://www. 3m. com/intl/sg/markets. html â€Å"3 M Businesses. † 3M. 3M. 31 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/our/company/information/business. â€Å"Community Giving. † 3M. 3M. 1 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/global/sustainability/stakeholders/community. â€Å"3M Volunteers. † 3m. 3M. 31 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/CommunityAffairs/CommunityGiving/US/Volunteerism. † K-12 Education Giving. † 3M. 3M. 31 Mar 2008 http://solutions. 3m. com/wps/portal/3M/en_US/CommunityAffairs/CommunityGiving/US/K12/. â€Å"What’s in a Name?. † This Issue (2007) 31 Mar 2008 http://www. wnim. com/archive/issue2504/WhatsNewInMarketing-3M. htm. â€Å"3M Drives Improvements in Marketing Productivity with InStranet and How to cite Case Study 3m, Free Case study samples