Annual Report for Skull Candy Inc Free Essay Example, 1750 words

The credit facility provides their lenders with a first-priority lien against all assets and consists of financial obligations and other requirements on actions, which in turn, could limit the operational flexibility. If the internal controls over financial reporting are not of considerate, the business and stock price could attract negative impact. The executive office is at Utah on a 28000sq foot and another 11000 sq feet at California that is set for space expansion plus another 7500 sq feet for gaming purposes. In China, there are a total of 20000 sq feet for other future development purposes and lastly, another 1000 sq feet in Tokyo, Japan, which serves as a marketing office site. Anybody is free to sue the business at his or her own will just as the way the company also has the authority to sue any individual or person for any legal matters arising in a court of law. Skull Candy s registration trade symbol is SKUL that was registered on 20 July 2010.The chief basic earnings of the company are from headphones and audio accessories sales under the Skull Candy, Astros Gamming and 2XL who operate under the company s brand names. The net sales include the amounts billed to retailers for shipping and handling of cargos too. The product costs, packaging, freight, duties and warehousing all have an influence on the cost of goods sold. Due to high labor costs and other related costs incurred in China, the company, therefore, experiences higher production costs. If the distributors could have elimination from the supply chain, the gross margin, therefore, could have decreased. Marketing and advertising expenses, wages, payroll and employees beneficiaries form part of the general and administrative expenses incurred by the business. We will write a custom essay sample on Annual Report for Skull Candy Inc or any topic specifically for you Only $17.96 $11.86/pageorder now They include the advertising costs, brand building fixtures, trade sponsorships, product promotions and sponsorship of athletes. The net sales of the company have a basis from the sale of the headphones and audio accessories under the Skull Candy, Astor Gamming and the Skull Candy brand names.

Aristotle s Contributions Of Western Philosophy - 1124 Words

One of the greatest classical Greek philosophers still known is Aristotle. His contributions to Western philosophy are in the areas of nature, nature, logic, metaphysics, the soul, morality, and politics. He was one of Plato’s students and studied under him for twenty years in the academy in Athens. He started to lecture about his on top of rhetoric. Aristotle became well known for his philosophies he began to tutor Phillip of Macedon son Alexander. After the death of Phillip’s, the school of platonic was a dominant and flourishing philosophy of Platonism. Aristotle was inspired to start a school called the Lyceum where he began lecturing on his philosophies. For thirteen years Aristotle begun to focus on teaching and forming his own philosophies till the death of Alexander and the government was overthrown in Athens. Aristotle fled to Euboea where mother’s house in Chalcis. The reason why he also fled was because â€Å"He had also been charged with impiety (as ebeia), the same accusation that had brought about Socrates’ death† (Hà ¶ffe 8). During his time in Euboea, he had a stomach illness which led to his death. Aristotle curiosity on human existence and the fundamentals of the nature of being itself which changed the view on metaphysics. his view of reality is the relationship mathematics has to existence regarding lines and angles and not to the nature of just being. His primary involvement with metaphysics was his cross-examination into the nature of substance. AristotleShow MoreRelatedCultural, Economical, Religious, And Political Contributions847 Words   |  4 PagesCultural, economical, religious, and political contributions made by both Ancient Greece, 800 B.C - 500 B.C , and Ancient Rome, 31 BCE – 476 CE, assisted in the development of western culture. Albeit Rome embraced and developed some characteristics of Greek culture, they still made prominent contributions of their own. Rome and Greece contributed Christianity, Philosophy, The Republic, and Literature. At the time, Roman religion was centered on gods and the interpretation of why things were theRead MoreStudent Teacher1669 Words   |  7 Pagesrelationships such as Socrates-Plato, Plato-Aristotle etc. It is beyond the scope of dubiety that teachers, since ages, have played a major role in the life of an individual and his/her overall upbringing. Teachers are the beacons of light that lead people to success and glory. They are the ones who recognize the talents of their students and encourage them to move further and assist them in reaching the zenith of their potential. Let us dedicate this Teacher s day to all those teachers who, throughRead MoreAncient Greek Philosophers Who Have Helped Shape The World1350 Words   |  6 Pagestwenty centuries ago, Greek philosopher Aristotle laid out the foundations of Western culture. The principles of Greek philosophy implemented its way into encompassing a persons point of view or their knowledge on society. Aristotle has helped improve and transmuted the world by his views on ethics and virtues he has instructed and justified thoroughly and the endowment of philosophy and science, whereas he created a comprehensive system of subjects. Aristotle has laid out virtues, which is the importantRead MorePlatos Influence on the Western Civilization950 Words   |  4 Pages Plato and His Relation to Western Civilization Plato is one of the succinct psychologists, analyst, and scholar the world has ever had. He is a lucrative figure in the birth, generation, and early development of the western civilization. His contributions through ethics, politics, religion, symposiums, and dialogues with Socrates exemplify a myriad of his works since he was a young scholar. He participated in a number of events, theoretical appearances, and analysis, and posting of theoriesRead MoreThe Restoration Of Grecian Philosophical Documents1161 Words   |  5 PagesThe Preservation of Grecian Philosophical Documents Was an Important Islamic Contribution to Western Civilization Islamic preservation and translation of the Greek philosophical works of Aristotle, and Plato contributed to the flourishing of Western civilization. Under the direction of Islamic cultural patrons, they translated these vital texts from Greek into other languages. Such actions were significantly contributive to the revival and transmission of these pieces, bringing about their subsequentRead MoreAristotle s Influence On Western Culture1511 Words   |  7 PagesAristotle, a greek philosopher, educator, and scientist, is known to be one of the most significant, and influential thinkers in Western culture. Aristotle was born in 384 B.C. in Stagira, a little town in northern Greece. Stagira is a Greek-Speaking town on the coast of the peninsula of Chalcidice. His father, Nicomachus, was a doctor, member of the guild of the Asclepiadae, and court physician to Amyntas II, and then became the king of Macedonia. Aristotle s mother was Phaestis, she is knownRead MoreHistorical Events That Took Place During The Classical Period1458 Words   |  6 PagesWorld Literature I Historically Significant Influences of Aristotle During the Classical Period, 500-232 BCE, Greece was at the peak of its political and cultural achievement. This was also a time of war, most noteworthy being the vast empire created by Alexander the Great. In a period containing such an immense amount of historical significance there is no doubting that it had influenced the people born. Notorious philosopher Aristotle is no exception, contributing a great deal to the fields ofRead MoreDifference in the Philosophy of Plato and Aristotle and Their Influence.1213 Words   |  5 PagesThe word Philosophy comes from the Greek words of ‘philo’ meaning love and ‘sophos’ meaning wisdom (Philosophy). It is the pursuit for wisdom, to comprehend human behavior, nature and ultimately the meaning of life. Plato was the student of Socrates, influenced by his work, Plato aged to become a great philosopher himself; establishing his philosophy from that of his teacher. Aristotle was the student of Plato, and like his te acher, grew up to ground his philosophy from that of Plato. 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It is therefore remarkable that roughly 2400 years ago the question of virtue was raised, let alone contemplated at great length, forming a foundation upon which Western philosophers build to the present day. Socrates and Aristotle were two

What drives you up the wall †Strikes on Transport Free Essays

There are many things that drive me up the wall one of the main things is when there are strikes on transport. There are strikes on transport on important days like Boxing Day when people will want to go to shops for the sales, why do they have strikes? The employees think that they don’t get enough wages when there is beyond enough. Why should they get an increase in wages when there is bad service, bad manners, bad facial expressions towards customers and a lot more bad things I could go on about?! Whenever there is a strike on transport it causes chaos for many people’s lives such as works that have to travel by train or students or other people who have to go somewhere important. We will write a custom essay sample on What drives you up the wall? – Strikes on Transport or any similar topic only for you Order Now This is all just caused because worker s want a raise. Why can’t they just appeal without being oblivious and ruining other people’s lives? However, it is not only bad for us but for the London Transport company as they are losing millions of pounds which is not admirable. Even if strikes were the only way, the negative effect will be listened to better. Workers right should be allowed but not effecting innocent people (the society) as they have done nothing wrong. There have been many strikes around the world one of the latest, Greek strikes caused disruption to places like hospitals. Another reason is that when there is a strike, tourists cannot travel freely, this is harmful for the city or countries reputation and no one wants that. Here is an ultimatum would you rather lose your job and have no money or go to work and have money even though it is not up to your satisfaction? This is what you have to bear in mind. You have to be happy with amount of money you get paid as some workers get paid less than ?10. 00 a week. In addition to this why are they striking when they get paid ?15, 000 just for working 35hours this is more than what many workers get paid, this drives me up the wall insanely, There are many individuals who will actually appreciate the amount they got. However we are lucky that some of the transport drives weren’t stupid enough to go on strike and continue their work and if they didn’t they are probably going to lose their job. As well as that thanks to the people that came to work because then the company would millions of pounds which could be used on cleaning the transport as it is unhygienic. Transport for London is so bad compared to the trains in china as in china they have clean, fast transport and good service. What could be better than that! However in London we sit on dirty seats which are not cleaned on a daily basis, we are sitting on hundred germs. Having strikes will cause financial problems for many transport companies such as Transport for London, in the Greek Economy there has been severe damage caused by the strikes. As well as that in July 2010 the Greek Railway has been trying to raise over ?400million of loans from the public management. On the same day in Athens people walked off the job shutting down the tubes. These are things that cause damage economically. However, strikes are only allowed if asked permission if not it is illegal and they will be punished with fines and sentences. If the strikes don’t work the strikers will have to go to this person who will make negotiations of how much they should be paid and they will definitely loose. In addition to this the Transport Industry is too important to the society to be having a wage negotiation, when there are many well being who have places to go and people to see. I would not mind if there was strikes if transport was clean and the service was impeccable but no there is rubbish service and very bad conditions. The strikers get paid a fair wage but just don’t appreciate it; I’ll bet there are many people who will be dying for this job. In addition to this there have been many accidents caused by the employer’s exhaustion which causes accidents, so the person who got hurt can sue leaving the company to lose a lot of money. Another reason in which I wouldn’t mind if there was a strike if the transport was safe and strikes for reasonable concessions and not ask unfair and unsustainable benefits. Another fact is that strikes are just to put pressure on Government to change policies. Whatever is the end result, the strike harms the nation, the community, the community and the management. Some people think that people who work on transport have freedom to express themselves and yes this true but what is the point of all of it when it will just cause chaos and havoc. I don’t understand why people feel that they express their selves causing trouble and trying to prove a point. In my opinion I think that strikes on transport should be banned as it is chaotic and unfair. I think it is unfair as the amount of money employees get in transport is so much already it will just make employees lose their job and will have no money. As well as that many people have to travel by transport to get to work and they are losing money too by not going to work. However there are different ways to get your word through to without having a strike which is disruptive. I don’t understand why whenever there is a strike Boris Johnson tells us† get on your bikes and cycle help save the environment. † For example if I wanted to go to the city and I live in Stanmore I would have to cycle for about 3 hours and how are elderly supposed to cycle anyways they will just run out of breath. However instead of taking the bus to a short distance we should save the environment instead of ruining it and you could either walk or cycle. As well as this how are we supposed to manage when there is a sudden strike without no notice- this has happened a few times. If we didn’t have strikes we could save money to have internet connection it the tube/trains or wifi despite this there is always strikes on the most important day for example The Royal Wedding- this is a time when the Transport Company can earn a lot of money in just under an hour. The most agitating thing about public transport is when you can stereotypical, rowdy teens come on and shout in there disruptive, loud voice like they own their transport or listening to music so loud that you could hear from out on the streets. As well as that when you get on the bus and the driver gives you creepy looks while groaning under their breath waiting for you to get your oyster out or your money. When the bus driver sees you running they just slam the door shut and drive off making you wait like another half an hour for another bus, has this ever happened to you? Don’t you feel annoyed and angry that you want to get a rock and just throw it at the drivers face? To conclude I think that there should only be strikes if necessary not for things that are unnecessary or unbeneficial and there shouldn’t be a strike on important days which is very silly as the underground have an advantage of earning money. In addition to this whenever we get on a train we have never actually got good service; instead of being cranky when they got a raise in their wages which is so unfair and causing financial problems in the company risking their jobs. In my opinion I think strikes are the most stupid, aggravating thing to do for resolving things. Public Transport is agitating, hectic and contaminated; they should be trying to fix it not making it worse. How to cite What drives you up the wall? – Strikes on Transport, Papers

Bestbuys Strategy free essay sample

According to the case, BestBuy is trying to create a competitive advantage in three areas: customer-centricity, employment policies, and exclusive branding. After studying the VRIO framework, I have found that BestBuy’s three areas of strategy do fit into the VRIO framework. BestBuy believes that an effective strategy is a commitment to customer-centricity. A business that implements customer-centricity caters to specific customer needs and behaviors. According to the book, BestBuy wants to steer away from a product-centered marketing approach to a more customer-oriented marketing approach which will have them asking what problems its customers are facing, and then providing solutions. Furthermore, BestBuy wants to segment its customers into four different profiles: Upscale Suburban, Urban Trendsetter, Empty Nesters, and Middle America. In different regions around the U. S. you will find these diverse groups. BestBuy has been able to utilize the rare attribute of the VRIO framework with its ability to serve the needs of the predominant customer segment in a given region. BestBuy is unlike any company in the consumer electronic industry because as the book mentions, â€Å"Nearly all companies claim to be customer oriented, but being customer centric required a radical reorganization and shift in employee mindset. † BestBuy has reformatted the physical space in its stores and related products have been bundled together to meet the needs of certain segments. Store teams have also been trying to answer the following questions: What kind of traffic do we have coming in our stores today, how effectively are we selling to the people in the stores, what does our customer information look like, what segments do we have coming in, and what kind of market share do we have for those segments? To answer those questions BestBuy has been investing in the right tools so that the field knows what to focus on. BestBuy has taken customer interest a step further, and so far it has given them a rare advantage. BestBuy has also done a good job of organizing its employment policies to capture value. According to the book, BestBuy has set up an employee listening program that uses open communication to better understand the needs of its workers. This program has done a great job of exploiting the company’s capabilities because it is implementing tools such as annual company-wide surveys, a virtual discussion board, and one-on-one dialogue sessions. BestBuy is capturing value because they are listening to their employees and discerning information that was previously unknown to management. The final area that BestBuy is focusing its strategy on is exclusive brands. This last area is very important to BestBuy because it is valuable, rare, and costly to imitate. BestBuy currently owns these private labels: Insignia, Dynex, Init, Rocketfish, and Geek Squad. As far as background goes, Insignia produces TVs, monitors, home-theater systems, and portable video/ audio players. Dynex produces storage media, data and power cables, webcams, and office supplies. Init produces media storage, equipment bags, totes and furniture for home theaters. Rocketfish is a top notch producer of cables that are mostly used for TVs. And most famously, Geek Squad provides computer repair and installation services. BestBuy realizes that they cannot solely rely on these small private labels to create, on their own, enough revenue to stay in business. But nevertheless, these private labels are valuable because they add attractive features to the company. Most of the products offered by these small labels are accessories that add value to the more expensive products which in turn increase the profitability of BestBuy. In particular, I think Geek Squad is valuable because a lot of older people do not know how to set up the more complex electronics and often run into problems. Easy-to-setup installation and troubleshooting is a very attractive feature to most consumers. Along those same lines, these small labels are rare because their products are only being sold in BestBuy stores. If you’re a huge fan of Rocketfish cables or really appreciate the helpfulness of Geek Squad then you have to come to BestBuy to get you want. These private labels are also costly to imitate I imagine because it could be costly to implement and staff a repair and installation service in all of your stores like BestBuy has done with Geek Squad. Also, these private labels have a few unique products that could be hard to replicate. I know that Init has created some nice, high quality equipment bags and furniture for home theaters. I believe that after weighing the benefits of all three of these areas that BestBuy has indeed created a competitive advantage. In one way or another they have valuable, rare, costly to imitate, or are organized to capture value with their products and services. BestBuy’s business level strategy is to focus on its people through customer centricity and employment policies. The managers in both areas want to listen to the people and discern how to best appeal to them. Managers have planned to become customer centric by profiling its customers and then design the stores and provide products according to the profiles in the region. The cost driver associated is the cost of input factors because it requires a radical reorganization and shift in employee mindset. Stores need to be reformatted and related products need to be bundled. The main value driver for this focus has been customer service. BestBuy has excelled at customer service because they are able to identify customer needs and appeal to their wants because of the unique profiles that have been created. The main cost driver for employment policies has also been cost of input factors because I imagine it has been costly to implement the new annual company-wide surveys, a virtual discussion board, and one-on-one dialogue sessions. The main value driver for the employment policies is customer service. BestBuy has created distinctive techniques for company-wide communication that in turn provide better customer support. Managers now know what the consumers are thinking because the employees are able to share information with their superiors in an efficient way. The competition between BestBuy, Amazon, Apple, and Wal-Mart has been fierce over the last several years. BestBuy has found itself to still be at the top of consumer electronics in the minds of its customers with 40% of the votes. However, BestBuy comes in 11th place in the Top 15 most valuable retail brands. Furthermore, Apple has recently made a large push in the race by reaching $2. 8 billion in sales in 2010 which puts them in third place behind BestBuy and Amazon. However, BestBuy is in last place according to share performance in 2010 and 2011. After looking at all of the different results and surveys I would say that BestBuy is right in the thick of things and battling for the top spot. Amazon may be more a valuable company but the consumers still view BestBuy as the leading consumer electronic company. One of the critical problems facing BestBuy is people coming into the store and testing the products and then leaving and buying the product elsewhere. I think that BestBuy’s strategy to become customer centered is a good strategy. Many of the same products are sold by multiple companies, but if BestBuy can appeal to the segments and profiles of people coming into their stores then they can get people to buy the products in their stores. Identifying the profiles of people coming in is the first step and then being able to bundle products and arrange displays in an appealing way is a good strategy. If BestBuy continues to value its consumers I think they will find a way to sustain a competitive. After all, people want to feel important and be given what they need and desire.