The Assassination of John Fitzgerald Kennedy - 1689 Words

In 1961 John Fitzgerald Kennedy would be sworn in as the 35th President of the United States. He was a young, Catholic, democrat. Needless to say, many people were wary of whether or not his religion would influence his decision or if he would become an advocate for Catholic beliefs. Unlike many of the past Presidents, the first lady will play a major role for the duration Kennedy was President. Being the leader of the United States was very important and many precautions were required to keep the first family safe. The secret service is in charge of making sure the President and his family are safe. Clint Hill, a Secret Service agent on President Eisenhower’s detail, continues his service, this time assigned to the first lady, Jacqueline†¦show more content†¦Kennedy preferred to operate. Spontaneity is what she thrived on† (Hill and McCubbin 41). I imagine that some people were under the impression that Mrs. Kennedy may not be thankful for all she had experienc ed, but she was always described as very shy, which I think served as a barrier to deal with the overwhelming attention she was given.Hill, although reluctant to be on the first lady’s detail, came to have a deep respect and loyalty her. Hill assumed that life would be dull with Mrs. Kennedy, but he was completely wrong. This proved to be true during a trip to Greece. Mrs. Kennedy tried her best to stay away from the White House as much as possible. Clint said on numerous occasions that, â€Å"†¦she could have anything she wanted, but what she craved most was privacy† (Hill and McCubbin 226). She even confided in Hill, mentioning that she was scared of losing her privacy. As a way of avoiding the White House, Mrs. Kennedy had a plan of where their family would spend Winters, Christmases, Thanksgivings, and Summers in a variety of places. She kept busy and was always involved in some type of athletic activity as some sort of way to distract herself from the ubiqu itous paparazzi. Mrs. Kennedy also liked to travel out of the country to visit her sister or toShow MoreRelatedThe Assassination Of John Fitzgerald Kennedy873 Words   |  4 PagesThe assassination of John Fitzgerald Kennedy, also known as JFK, is one of the most infamous and tragic events in American history. JFK was one of the United States’ most influential politicians, and in the year 1961 he was appointed to be president. Less than a thousand days later, JFK was assassinated in Dallas, Texas, by gunman Lee Harvey Oswald. JFK was beloved both by many Americans and those abroad, and thus his death came as a terrible shock to many across the globe. JFK was a great and stalwartRead MoreThe Assassination Of John Fitzgerald Kennedy1632 Words   |  7 PagesMorgan Oates Professor Holland United States History II 3 March 2015 The Assassination of John Fitzgerald Kennedy John Fitzgerald Kennedy, formally known as JFK, was born on May 29th, 1917 in Brookline, Massachusetts. He successfully attended Choate Boarding School and his Alma Mater was Harvard University, After completing his education he decided he wanted to help society somehow. As a result of that, he enlisted in the United States Army the night before World War two began. After his Navy daysRead MoreThe Assassination Of John Fitzgerald Kennedy1719 Words   |  7 Pagesdeath of John Fitzgerald Kennedy. On the day of November 22, 1963 the history of the United States was changed forever. This event was the assassination of President John Fitzgerald Kennedy and is one of the most interesting topics in American history because there are conspiracy theories surrounding the event despite no actual evidence behind a cover up of the assassination. Looking back on Kennedy’s and Oswald’s (his killer) lives and deaths, the reasons why there was an assassination, and theRead MoreThe As sassination Of John Fitzgerald Kennedy Essay1556 Words   |  7 Pagesyears is the assassination of John Fitzgerald Kennedy. Friday on November 22, 1963, the 35th President of the United States, JFK, was shot at 12:30 PM while traveling in Dallas, Texas to appear in the next presidential campaign. Thousands of Americans whom was present at Dallas, Texas just witness the murder of the United States president. Many Americans believed that the United States government was behind the JFK assassination. Thousands of important evidence about the JFK assassination has been lockedRead MoreThe Assassination of John Fitzgerald Kennedy2042 Words   |  9 Pages1963, John Fitzgerald Kennedy had five days tour in Taxes. He planned to make a speech in commercial business center in Dallas. President Kennedy was sitting in an open top limousine. The motorcade drove a very slow speed in the streets of Dallas. Many residents watched and welcomed John F. Kennedy and his wife. After making a turn in the main street, a sniper hided in the sixth floor window in the City Library, shot President Kennedy by two bullets, one on the head one on the neck. Kennedy was declaredRead MoreThe Assassination Of John Fitzgerald Kennedy2088 Words   |  9 PagesJohn Fitzgerald Kennedy was not the first US president to be murdered, three presidents before him had died after being shot by an assassin. They were Abraham Lincoln in 1865, James Garfield in 1881, and William McKinley in 1901. Kennedy’s death seemed particularly shocking because he was still young and seemed to have so much still to do as a President, there seemed to be no motive for his killing. The Kennedys came from Boston, Massachusetts. John was born 29th May 1917, the second of nine childrenRead MoreThe Assassination Of President John Fitzgerald Kennedy Assassination865 Words   |  4 Pageswere not born, for one reason. The assassination of President John Fitzgerald Kennedy transpired in Dallas, Texas. His assassination became a topic of controversy as the idea of a lone sniper committing the act was hard to accept. The assassin would go on to die a few days later. Media outlets around the nation were in shock. The local Metroplex stations panicked like everyone else. As a native Texan, correction native Dallasite, I view the Kennedy assassination differently than most Americans. IRead MoreWas The Assassination of John Fitzgerald Kennedy a Conspiracy?794 Words   |  4 Pages Was The Assassination of John Fitzgerald Kennedy a Conspiracy? On November 22nd, 1963 at 12:30 p.m in Dallas, Texas, one of the most horrific events in American History took place. The assassination of John F. Kennedy. Crowds were cheering as JFK was on a ten mile route that would pass through Dallas, Texas. John Kennedy was in the back seat of a 1961 four door Lincoln Continental convertible when this tragic event occurred. The driver took a left off of Main street passing by the Texas SchoolRead More Conspiracy Behind The Assassination of John Fitzgerald Kennedy3295 Words   |  14 Pages John Fitzgerald Kennedy, 46, President for 1,026 days, was assassinated on November 22, 1963 in Dallas Texas. He, his wife, Jackie, the Vice President and many others were in Dallas for a reelection campaign for the upcoming election in 1964 when the horrible incident happened. Sadly, there is no decent explanation of the assassination from the government – The Warren Report is a 26 Volume Report that claims that Lee Harvey Oswald is the lone assassin – I do not agree with this. The CIA wasRead MoreThe Assassination Of The War And Formation Of Civil Rights1550 Words   |  7 Pages Political Assassination Danielle Ferreira U.S Government Date Introduction Political assassination is defined as the act of killing a political figure mainly for political reasons. In most cases, the motive behind political assassinations is beyond the person who is killed. Assassinations have been rampant across the globe for ages and these assassinations do cause lots of political instabilities in a country especially when key personalities such as heads of states are the victims

My Experience With My Life - 933 Words

In an incredibly glamorized and vibrant world, I feel fortunate and lucky to be able to learn from my experiences and grow stronger as a human being living, discovering new ideas, and learning from my own mistakes. Walking through the hallway on a cold winter breeze I remember reflecting and thinking about the bad decisions that I was making. Grade point average of 1.8, not being able to graduate from high school, and missing credits were some of the hardest obstacles that I faced. I remember walking with my head down, feeling an emptiness in my heart. Suddenly, my academic counselor walks by next to me and asks me Daniela, how are you today? Are you feeling okay? He noticed and saw my sad face expression and invited me into his office to have a conversation. After talking and discussing my hard situation with a motivational tone he told me Do not worry, I am going to do the best that I can in order to help you because I believe in you, you are brilliant and you will succeed. The mom ent I opened up my eyes I saw a light of hope and I automatically knew that things were going to change. I come from a migrant hardworking family that has given me more than I could possibly imagine. Love, support, and motivation. I am the anchor and the leader of my family. I have the honor to say that I am the first generation college student of my family to be able to go to college and pursue a higher education. I am the ship and my youngest sister is the sailor. With my success andShow MoreRelatedMy Experience In My Life742 Words   |  3 Pagesone has a perfect life or even a perfect family. At times I have experienced what losing someone or something that meant so much to me. I always wondered to myself about why these situations happen to me, which also led me to put myself in a depression stage. My father was diagnosed with liver cancer and infection in his stomach area in March 2015. As he was in and out of the hospital. First, Growing up I never had a good life but I was lucky to have both of my parents in my life. It was a bond withRead MoreMy Experience In My Life1013 Words   |  5 Pages At this point in my life , if i review my previous experiences i would say that i am fairly pleased. Ive been able to gain numerous life and academic skills through hard work and determination. Though many of my experiences havent been pleasant ,in a way it has helped me grow and build my character as a person. As individuals we all go through many harsh obstacles , obstacles we sometimes think we will never overcome . but eventually we do . right ? think about it evenRead MoreMy Experience With My Life1356 Words   |  6 Pagesdo not have an abundant number of passions myself. In fact, as I think about it there are really only two subjects of interest that I feel rise to the level of passion for me; my God and sports. These two areas have been integral parts of my life for as long as I can remember. 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Beximco Textile’s Working Capital Management Free Essays

Executive Summary This report is presenting the overall working capital management of BeximcoTextiles Limited. In this report all of the information is collected from secondary data. As, Primary data was too much confidential, the company didn’t disclose it to us. We will write a custom essay sample on Beximco Textile’s Working Capital Management or any similar topic only for you Order Now In this report the terms and conditions that we have learned in FIN 406 has implemented. In this report financial analysis and recommendations are given. Introduction part Company overview The Beximco Textiles Ltd. was incorporated in Bangladesh as a Public Ltd. Company with limited liability on 1994 commenced commercial operation in 1995. The project was set up as a state of the art fabric weaving, dyeing finishing facilities for production of high quality shirting fabric, unique wrinkle free fabric (Cortex-2000, cotra DP 3. 5 +) other fabrics. BTL has an installed capacity of 288 high-speed air-jet looms in its weaving section a high-tech dyeing finishing section with a capacity of 100,000 yards of finished fabric per day. It is a member enterprise of the Beximco conglomerate. During the year the company produced and sold high quality shirting and other fabric and bringing forth all the latest in hard and soft technologies in weaving and finishing of fabric. It is the most modern composite mill in the region. They have leveraged Bangladesh’s labor cost advantage ; export competitiveness to the maximum. Beximco Textiles Limited engages in manufacturing and marketing yarn, woven, knit, and denim fabrics in Bangladesh. The company offers yarn products, such as count, fiber, CVC, and TC yarn products; fabric products comprising solid dyed, yarn dyed, finishing, dobby designs, and yarn count products; and denim products. It also provides special yarn products consisting of plied yarn, fancy yarn, slub yarn, core spun, multi count, and multi twist products, as well as wrinkle-free products. The company was formerly known as Padma Textile Mills Limited and changed its name to Beximco Textiles Limited in 2006. Mission Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact; namely: our employees, our customers, our business associates, our fellow citizens and our shareholders. Purpose of this Study: This study has been designed in such a way that students are going to learn the in-depth knowledge about a company’s financial condition. The main purpose of this report is to reinforce the concept of financial policy of Beximco Textiles ltd. along with its all working capital ratios, short-term financing and long-term financing. etc. Overall, this study will help a finance student to familiar with the practical scenario. Limitation: The report is limited to the data that are available in the annual reports and in the website related to Beximco textiles. Primary data was not available as they didn’t disclose. Finally, we have used our own judgments in many ways from our Business Finance courses in order to simplify the research, evaluate, calculation and advising. Financial Analysis Working Capital of Beximco Textiles ltd. : Working capital is defined as current (expected to be consumed or converted into cash within one year) assets minus current liabilities. Working capital turnover indicates how efficiently the company generates revenue with its working capital. Year| Current Assets| Current Liabilities| Working Capital of particular year| 2006| 7572906611| 5961381357| 1605525254| 2007| 7881489387| 8058498925| -177009538| 2008| 7230982538| 7906937639| -675955101| 2009| 8677166758| 4834823994| 3842342764| 2010| 9031547621| 6944110703| 2087436918| Inventory: Inventories are carried at the lower of cost and net realizable value as prescribed by IAS 2:Inventories, cost is determined on weighted average cost basis. The cost of inventories comprises of expenditure incurred in the normal course of business in bringing the inventories to their present location and condition. Net realizable value is based on estimated selling price less any further costs expected to be incurred to make the sale. Beximco textile ltd. Holds 5 types of inventory: * Raw material inventory (Fibre, yarn, gray fabric, dyes ; chemicals) * Work in process inventory * Finished goods inventory * Packing materials * Stores and Spares Amount of inventory in five years: Year| Amount of inventory| 006| 3414768025| 2007| 3688016341| 2008| 2733063864| 2009| 2742675600| 2010| 2994596746| Accounts Receivable: Their accounts receivable are recognized at cost which is fair value of the consideration given for them. 5 years accounts receivable of Beximco Textile: Year| Amount of Accounts receivable| 2006| 3407687731| 2007| 3451582241| 2008| 3765912622| 2009| 4986086053| 2010| 5040220480| Current ratio: Year| Ratio| 2006| 1. 27| 2007| . 97| 2008| . 91| 2009| 1. 79| 2010| 1. 3| Illustration: Quick Ratio: Year| Ratio| 2006| . 69| 2007| . 52| 2008| . 56| 009| 1. 22| 2010| . 86| Illustration: Activity ratios: Working capital turnover: Year| ratio| 2006| 3. 23| 2007| -24. 11| 2008| -7. 04| 2009| 2. 04| 2010| 6. 98| Illustration: Working Capital Turnover Inventory Turnover: year| ratio| 2006| . 92| 2007| . 81| 2008| 1. 13| 2009| 1. 79| 2010| 3. 15| Illustration: Days of inventory on hand (DOH): Assuming that, Beximco Textile’s number of days in period is 360. Then the DOH would be: Year| DOH| 2006| 391. 30| 2007| 444. 44| 2008| 318. 58| 2009| 201. 11| 2010| 114. 29| | | | | Illustration: Receivable turnover: Year| ratio| 2006| 1. 52| 2007| 1. 23| 2008| 1. 26| 2009| 1. 57| 2010| 2. 89| Illustration: Days sales outstanding(DSO): Year| Ratio| 2006| 235. 85| 2007| 291. 20| 2008| 284. 80| 2009| 228. 19| 2010| 124. 51| | | Illustration: Cash conversion cycle: (Inventory conversion period+ Receivables conversion period)-Payables conversion period Year| CCC| 2006| 523. 12| 2007| 594. 16| 2008| 417. 5| 2009| 387. 17| 2010| 143. 36| | | Collection ; Disbursement Cash Inflow and Cash Outflow by Operating Activities (in tk. ): | 2010| 2009| 2008| 2007| 2006| Cash received from customers ; others| 145187023| 664608431| 3190602600| 4223133089| 4887688455| Cash paid to suppliers ; Employees| 898661193| 535932698| 3043303205| 3788738872| 3703613507| Cash Generated from Operations| 5532091050| 1286757473| 147299395| 434394217| 1184074948| Interest Paid| 1445098454| 2006166127| 1261679027| 766830156| 906788267| Income Tax Paid| 43025787| 56338512| 20396366| 74934103| 8084912| Net Cash Generated from Operating Activitie| 4043966809| 775747166| 1134775998| 407370042| 269201769| Daily Cash Generated from Operating Activities| 11233241. 4| 2154853. 24| 3152155. 55| 1131583. 45| 747782. 6917| Cash Flows from Investing Activities (in tk. ): | 2010| 2009| 2008| 2007| 2006| Acquisition of Property, Plant ; Equipment| 3231593528| 2381789851| 986841760| 39250045| 205811905| Long-term security deposit| -| -| -| -| 46064| Net Cash Used in Investing Activities| 3231593528| 2381789851| 986841760| 39250045| 205857969| Daily Cash Used in Investing Activities| 8976648. 69| 6616082. 92| 2741227. 1| 1090279028| 571827. 917| Cash Flows from Financing Activities (in tk. ): 2010| 2009| 2008| 2007| 2006| Allotment of shares| -| 6351789302| -| -| 1050000000| (Decrease)/Increase in Long Term Borrowings| 594878760| 1605294361| 1945272911| 74392816| 1273417109| (Decrease)/Increase in Short Term Borrowings| 201830690| 1578840462| 181255969| 511187488| 118194147| Dividend Paid| -| -| -| -| 30405375| Net cash Generated from Financing Activities| 796709450| 3167654479| 2126528880| 436794672| 135628337| Daily Net cash Generated from Financing Activities| 2213081. 81| 8799040. 22| 5907024. 67| 1213318. 3| 376745. 3806| Increase or decrease in cash and cash equivalents| 15663831| 10117462| 4911122| 9825415| 72284537| Cash and Cash Equivalents at Beginning of Year| 27249672| 1713221o| 12221088| 22046503| 94331040| Cash and Cash Equivalents at End of Year| 42913503| 27249672| 17132210| 12221088| 22046503| Interpretations: 1. Working capital: In 2007 and 20 08 working capital of Bextex ltd. was negative. That means; current assets have been lower than the current liabilities. So, the company was in a risky position in terms of liquidity. But from 2009, it started to be positive and the company is in a stable position. 2. Current ratio: This ratio expresses current assets in relation to current liabilities. Current Ratio of bextex ltd. is highest in 2009 which indicates that the company has higher level of liquidity and it can meet short term obligations. But during 2007 and 2008 the ratio had a smaller value than one, indicating that Bextex ltd. had lower liquidity to meet its short term obligations. However, over the following years; Beximco Textiles managed to solve this issue. 3. Quick ratio: The quick ratio is more conservative than current ratio, because it only includes the more liquid current assets in relation to current liabilities. Beximco Textiles Ltd. reached its peak in 2009 in terms of quick ratio but yet again it dropped in 2010. Apart from that, there has been a steady improvement in this aspect. 4. Activity Ratios: a. Working capital Turnover: working capital turnover indicates how efficiently the company generates revenue with its working capital. Bextex ltd. was in the worst situation in 2007, that the ratio was -24. 11; this ratio was negative in 2008 as well. The main reason behind it was that the current asset remained lower than the current liabilities. The negativity in this aspect simply depicts that the company took a very high amount of loans during those years. Yet, the operations were efficient enough to improve that risky position over the years. b. Inventory Turnover Ratio: Inventory turnover ratio shows the times  a company’s  inventory is sold and replaced over a financial period. A low turnover implies poor sales and, therefore, excess inventory. A high ratio implies either strong sales or ineffective buying. During 2006 and 2007; the annual inventory on hand was way higher than the following years. Consequently, the turnover was high as well. During the following years; the management took new measures and managed to reduce the excess the inventory. However, the total amount of inventory in 2010 was higher than that of 2009. Yet, the inventory turnover almost doubled during 2010; which is a strong indication that the sales is increasing in number. c. Days Sales Outstanding Ratio: It indicates the elapsed time between a sale and cash collection. Bextex ltd. ad the lowest DSO in 2010, which indicates a better situation than that of the previous years. In 2007, the ratio was the highest indicating the efficiency lapse in cash collection during that period. 5. Cash Conversion cycle: This metric indicates the amount of time that elapses from the point when a company invests in working capital until the point at which the company collects cash. Bextex ltd. had 523. 12 CCC in 2006 which indicat es poor position and in 2010; they have decreased it from 523. 12 to 143. 36. So, it is a good indication for the company. Basic reason behind this positive trend is that; Beximco Textiles has improved the Inventory conversion and receivables Collection operations dramatically. Both the Inventory conversion period and the Receivable conversion period has been halved from the year 2006 to 2010. 6. Cash-Flow: Cash flow activities show that both the income from operational activities and the return from investments have been increasing over the years. The Payables are being paid out and the retained earnings are being reinvested heavily to increase the efficiency to a higher level. This can be a reason why Beximco Textiles have refrained from giving out dividends since 2007. References 1. BEXIMCO TEXTILES Ltd. (2007). Auditors’ Report 2. BEXIMCO TEXTILES Ltd. (2009). Auditors’ Report 3. BEXIMCO TEXTILES Ltd. (2010). Auditors’ Report 4. Fredric C. Scherr, Modern Working Capital Management, Prentice Hall International Editions. 5. Ross, S. A, Westerfield, R. W Jaffe, J. (2005). Corporate Finance 7th Edition. New Delhi: McGraw Hill Publishing Company Limited. 6. Financial Reporting and Analysis CFA (level-1) 2011 How to cite Beximco Textile’s Working Capital Management, Papers

Strategic Management of Hyatt Regency-Free-Samples for Students

Question: Conduct a research on the following aspects of strategic management of any one of the chosen Organizations that are serving the Global Consumer Market. Answer: Insight into the Hyatt Regency Hyatt Group operates under hospitality industry, catering to the entertainment needs of the customers. As a matter of specification, the Group is the parent company for hotels and resorts. One of these is Hyatt Regency in Dubai. The hotel was launched in 1980 and since then, it is a 5 star hotel, located in Deira district of Dubai (Hyatt.com, 2018). The guests can easily reach the hotel from metro station or airport. The elegant guestrooms and suits possess flexibility to lure the guests from foreign countries. The provision of sightseeing makes the guests acquainted with the spectacular cultural heritage, of which Dubai takes pride. The cuisine offering fusion foods gains prominence. Along with this, there is extensive presence of recreational facilities- fitness centre, swimming pool, games section among others. Apart from this, the hotel hosts business meetings and weddings in 4000 square metre of halls. Hyatt Hotels Corporation is entrusted with the responsibility of looking into the efficient execution of the business activities (Hyatt.com, 2018). Mission and vision statement The mission statement of Hyatt is to deliver quality services to the guests. A caring approach to the guests helps the hotel personnel in making the mission successful. This caring and understanding approach reflects the vision statement of the hotel, that is, the creation of a world of care, compassion and understanding. Exposure of teamwork by the skilled and efficient workers makes the mission statement a realistic one. Researching and development innovative means of carrying out the business activities reflects the measurability of the mission statement proposed by the personnel of Hyatt Regency (Hyatt.com, 2018). Consciousness towards the values of respect, integrity, humility, empathy, creativity and fun, helps the personnel to take better care of the needs, demands and requirements of the customers. Internal and External environment This section would deal with the internal and external environment of Hyatt Regency, Dubai. SWOT Strengths One of the greatest strengths of Hyatt Regency is the provision of luxurious accommodation facilities. Along with this, the supply chain network of the hotel is widespread, which results in the fulfillment of the specific tastes and preferences of the customers. The location of the hotel is advantageous in terms of travelling from airport and metro stations. Availability of the fusion foods satisfies the adrenaline rush of the customers. Free Wi-Fi eases the process of check-in and checkouts. Weakness Financial inflexibility results in difficulties in providing quality services to the customers. Delay in repayment of the loans shuns the services of internet within the hotel premises. Opportunities Sponsoring business events and marriages can increase the sales revenue and profit margin. Sports events can be an agent in terms of enhancing the brand image. Free Wi-Fi can be used for asking the guests to rate the customer service while checkouts. Threats Negligence in adhering to the terms and conditions adds vulnerability to the market position of the hotel. Along with this, lack of security guards adds to the life risk of the people during the events as well as the children enjoying in the parks and swimming pools. Table: SWOT analysis of Hyatt Regency (Soure: Hyatt. com, 2018) PESTLE Political unrests and harsh governmental policies act as obstacle for Hyatt Regency in executing the business activities. Instabilities like inflation, fluctuation in the prices and high exchange rates compels the hotel personnel in setting prices of the rooms and other services. Adopting latest and modern technologies reflect the technological advancement for the hotel. Typical example of this is the provision of free Wi-Fi in the hotel premises (Hyatt.com, 2018). This technological parameter aligns with the latest trends of being tech savvy. However, partnership with the trade union members and the statutory bodies helps the personnel to avert illegal scandals and issues. Adhering to the environmental directives helps the Hyatt Regency personnel to contribute in the preservation of the ecological diversity. Typical evidence of this is the solid waste management. Sectorial influence on competitiveness within the industry Introducing lucrative offers, schemes and discounts for the customers would result in improving the sales revenue and profit margin. Along with this, searching for innovation in the quality and standards of business services would help the hotel to achieve competitive edge over the contemporary brands (Hyatt.com, 2018). However, taking into consideration Porters Five Forces would help the personnel to understand the nature of competition. This understanding would be crucial in terms of indulging in fair trades and transactions with the stakeholders and shareholders. Strategies for organizational excellence In order to achieve organizational excellence, Hyatt Regency needs strategies. This is in terms of strategizing the business activities according to their priority. For this, review of the current business practices is crucial in terms of proposing necessary changes. Involving the stakeholders and shareholders in the review process would prove effective in terms of assessing their effectiveness, appropriateness and feasibility. Countering this, effective and judicious use of the organizational resources is crucial in terms of enhancing efficiency in the business activities (Hill, Jones Schilling, 2014). Along with this, lab tests regarding the foods needs to be done. This is in terms of catering to the health issues and appetite needs of the customers. Apart from this, the internet services also need to be tested frequently for averting defects and malfunctions. Hiring experts can be effective in terms of avoiding complaints from the customers regarding inferior quality service. Steps taken to discourage unethical behavior Unethical behavior is not tolerated within the workplace of Hyatt Regency. This is because it deviates from the goal of customer satisfaction. For this, training needs to be provided to the staffs regarding improving the customer service. Taking post-training test would help the managers to assess the capability of the managers in terms of making practical application of the learnt skills in executing the workplace operations. These tests would help the managers to appraise the performance of the staffs and allocate the tasks according to their capacity (Wheelen et al., 2017). This would generate trust, dependence and reliance among the customers regarding the services of Hyatt Regency Recommendations for organizational change Partnerships with the research and development team can help the personnel with quality products. This would enhance the stability in the relationship between the personnel and the suppliers. As an example, partnership with the fashion designers would provide the hotel with exquisite design tapestry. Collaboration with the food retailers would help the hotel personnel to serve fusion foods to the guests. However, experts need to be hired for testing the presence of non-eatable items in the produced foods (Slack, 2015). Evaluation is crucial in terms of bringing into the forefront the drawbacks within the delivery of the services. This needs to be done in presence of the staffs, board of directors, stakeholders and shareholders. This evaluation would serve as a platform for the staffs to clarify the doubts in the business operations, nullifying the scope of mistakes. Consistency needs to be maintained in the execution of evaluation. This is in terms of upgrading the standards and quality of the business services. Using templates would help the personnel to be aware of the changes made and the changes left to be achieved (Rothaermel, 2015). This awareness helps the personnel to make estimates regarding the progress in response to the proposed changes. Creating action plans would be an agent towards achieving organizational excellence. Feedbacks need to be taken from the guests in terms of improving the quality of the business. Uploading the feedback forms on the official websites and social networking sites would help the personnel to reach to a large number of audiences in a single time. This addition would be a gradual progression towards penetrating into the foreign markets for enhancement of reputation (Lasserre, 2017). References Chen, C. M., Delmas, M. A., Lieberman, M. B. (2015). Production frontier methodologies and efficiency as a performance measure in strategic management research.Strategic Management Journal,36(1), 19-36. Frynas, J. G., Mellahi, K. (2015).Global strategic management. Oxford University Press, USA. Gamble, J., Thompson, A. A. (2014).Essentials of strategic management. Irwin Mcgraw-Hill. Hill, C. W., Jones, G. R., Schilling, M. A. (2014).Strategic management: theory: an integrated approach. Cengage Learning. Hyatt.com (2018), About us, Retrieved 26th March 2018 from https://dubai.regency.hyatt.com/en/hotel/home.html Lasserre, P. (2017).Global strategic management. Palgrave. Morschett, D., Schramm-Klein, H., Zentes, J. (2015).Strategic international management(pp. 978-3658078836). Springer. Rothaermel, F. T. (2015).Strategic management. McGraw-Hill Education. Slack, N. (2015).Operations strategy. John Wiley Sons, Ltd. Wheelen, T. L., Hunger, J. D., Hoffman, A. N., Bamford, C. E. (2017).Strategic management and business policy. pearson.