Quantum Software Case Study Essay Example for Free

Quantum Software Case Study Essay Quantum Software is a fairly new organization â€Å"No ties, no suits coats, first name only† that was founded by Stan Albright and Erin Barber. The company develops computer software specifically oriented to the needs of independent oil businesses. They’ve had a lot of success over the past 3years and are growing fairly fast. Quantum has gained over 200 employees and has made about 95 million dollars in sales. Currently, Employees at Quantum Software work 16 hour days 6 days a week. In order to keep the morel and sprit up, Quantum recognizes that their employees have been working extra hard and they want to compensate them by having a weekly â€Å"Beer Bust† party. Bill Carter, the corporate attorney, doesn’t agree with the â€Å"beer bust† idea. Instead he believes that serving alcohol at a company’s sponsor party can be a big liability to Quantum. A â€Å"beer bust† sounds fun and relaxing. However Bill Carter makes a good point, serving alcohol at a company’s sponsor party can be a huge liability on the company’s future. Recently an employee by the name of John Hooker lost his balance and fell on the snack table during one of the â€Å"beer bust† events. Luckily John didn’t get hurt. When having these types of events the company cannot guarantee that a person like John will not over drink and possibly drive home drunk and cause a serious accident. These are all things that Quantum needs to take into consideration. Accidents happen all the time and Quantum needs be aware that these â€Å"beer bust† can be a great liability to the company. I can understand that Quantum wants to reward their employees for their hard work. Working long days 6 days a week can get over whelming. What Quantum needs to do is analyze the situation. The company is growing really fast and they need more people. Hiring more programmers can help balance their work load making 8 hour days 5 days a week possible. I don’t think that having a weekly â€Å"beer bust† is a permanent solution. It is obvious that employees at Quantum like to be recognized for their accomplishments and hard work however in the beginning of the case study is it mention the most of the employees drop in to â€Å"unwind† to these â€Å" beer bust† events. Most, meaning that not everyone who works at Quantum shows up or participates in these† beer bust† parties. What I would recommend quantum to do at this point is to pass out an employee surveys and ask their employees what they want or prefer. Some employees might not like the type of environment and rather spend their free time doing something else. Others might like the idea of working fewer hours and having weekends off as a reward. An employee survey can actually help the company out by providing feedback and letting the company know what they like and dislike. The â€Å"beer bust† events have been going on for a while and have become a sort of a company’s tradition. I’m not saying to eliminate the whole â€Å"beer bust† events. The â€Å"beer bust† parties can be a great way to socialize, relax and unwind. Having social events like these can help co workers become closer and share ideas and knowledge which can be beneficial to the company. If Quantum decides to continued the â€Å"beer bust â€Å"parties, what needs to be done is that they need to need to get with Bill carter, the corporate attorney and come up ways to handle a situation if it occurs. Limiting the number of beers a person can have at each event can help by not over drinking or by providing some sort of transportation such as bus or taxi to take employees back home after a â€Å"beer bust† event. These are rules that can be implemented by the company in order to not only save Quantum from a future law suit but also to save a life. The fact that both Eric and Stan are not really listening to Bill’s concerns can and will affect the company’s future. Bill is the corporate attorney and he knows the law. I would recommend bill to talk to both Eric and Stan another day. Eric and Stan are in a relax mode at this point probably had a few drinks or two and might not think that what Bill has to say is quite as important as it really is. Scheduling a meeting with both Eric and Stan and going over what can happen if they don’t start implanting rules.

Keiran Austin, Yr 11 English, Mrs Ferguson :: English Literature

Keiran Austin, Yr 11 English, Mrs Ferguson THE DIVINE WIND The description of the situation in Broome portrayed in The Divine Wind is a complete accurate account of the events that occurred during 1938- 1946. Practically everything in the novel was precise including the description of Broome, the Japanese internees, the dates and things as detailed as street names. It is quite obvious that Garry Disher had studied the town in depth before writing the novel. The fact that Broome is described as a pearling town with a tropical existence is true. As quoted in The Divine Wind â€Å"Broome was a straggling mile of wood and corrugated- iron shops and dwellings† (pg 1and). This quote is a precise vision of what Broome would have looked like judging by descriptions from various sources of information and photos from that period in time. Even though the characters are made fiction the major events are real and the author has gone to such detail by using exact dates. For example the pinnacle of Broomes direct involvement in the war occurred on 3rd March, 1942 when Japanese Zeros Bombed Roebuck bay. As quoted in the Divine Wind â€Å"I was burning. Some of the scars I have now are from that fire, the burning water of Roebuck bay on 3rd March, 1942† (pg 144). Another example of the accuracy of dates in the novel is the 8th December, 1941 were Authorities began interning Japanese residents. As quoted in the novel â€Å"The authorities acted swiftly on 8th December, right around the country. In Broome a hundred Japanese were arrested and taken to jail† (pg 105). Other important facts that have been accurately recorded in The Divine Wind are how the residents of Broome were faced with rounding up and interning friends and employees simply because they were Japanese. This is an excellent description of what the Anglo Saxons were faced with doing regarding the Japanese. Other facts state that many of the Japanese who were born and raised in Australia and had no Japanese ties were interned. As quoted in The Divine Wind â€Å"They interned single women, old men, children. They interned European and Aboriginal wives of Japanese born men, mixed race children, Australian- born Japanese. Many had never been to Japan† (pg 113). This is an example of the accuracy of the people who were interned. An area in this subject that perhaps wasn’t so accurate was the treatment of the Japanese community. Reality shows that in Broome the residents tried to make life as easy as possible for the Japanese bringing food and presents too the camp and allowing regular visits to town to go shopping.

Comprehensive Balance Sheet and Income Statement

Course Project Comprehensive Balance Sheet December 31st 2012 Assets Current Assets Cash $42,485 Account Receivable$165,824 Allowance for Doubtful accounts 1,850 Net Accounts Receivable 163,974 Inventories 499,493 Securities (available for sale/at fair market value) 28,250 Notes Receivable (due next year) 23,000 Prepaid Expenses 16,252 Total Current Assets†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$773,454 Non-Current Assets Investments in Warren Co. $87,500 Land 125,000 Building$975,800 Accumulated Depreciation 341,200 Net building 634,600 Goodwill 100,000 Patents 125,000Copyrights 105,000 Trademarks 80,000 Deposits with Vendors 50,000 Total Noncurrent Assets†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1,307,100 Total Assets $2,080,554 Liabilities and Stockholder’s Equity Liabilities Current Liabilities Accounts Payable $197,532 Income Taxes Payable 62,520 Salaries Payable52,000 Notes Payable to Banks50,000 Mortgage Payable-current portion18,000 Accrued Liabilities 9,500 Accrued Interest on Notes payable 500 Customer Deposits (expected to be paid next year) 420 Total Current Liabilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $390,472Non-Current Liabilities Mortgage Payable $290,000 Twenty-year, 12% Bonds, due 1/01/13500,000 Total Non-current Liabilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $790,000 Total Liabilities$1,180,472 Stockholder’s equity Preferred Stock, 7%$300,000 Common Stock 400,000 Additional Paid-in Capital 37,500 Retained Earnings 162,582 Total Stockholders’ equity†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $900,000 Total Liabilities and stockholders’ equity$2,080,554 Income Statement For the Year ending December 31st 2012 Sales Revenue$2,000,000 Sales Discounts 120,000 Net Sales Revenue $1,880,000 Costs of Goods Sold 1,000,000Gross Profit $880,000 Less: Operating Expenses Selling Expenses Selling Expenses$300,000 Depreciation Expenses 60,000 Total Selling Expenses†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 360,000 Administrative Expenses Administration Expenses$350,000 Depreciation Expenses 40,000 Total Admin Expenses†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 390,000 Total Operating Expenses 750,000 Total Operating Income $130,000 Other Operating Income Rental Income$50,000 Dividend Income 30,000 Interest Revenue 25,000 105,000 Earnings before taxes $235,000 Income Tax expense 82,250 Net income $152,750

Essay on The Hard Rock Company - 2194 Words

The Hard Rock Cafà © (HRC) and the Hard Rock Hotels / Casinos is a highly successful series of ventures that serves up fun, music, food, nostalgia and beverage. The HRC is also famous for its music collectibles, including guitars used by icons in the industry (i.e. Madonna, Jimi Hendrix, etc), fashion merchandise, live concerts, and Hard Rock Live performance venues. The first Hard Rock Cafà © was opened on June 14, 1971, in London, England. Founded by Isaac Tigrett and Peter Morton, HRC became well known and successful almost immediately. Tigrett went out and opened HRCs in New York City, Boston, Washington D.C., Dallas, Orlando, Paris and Berlin, while Morton developed HRCs in Chicago, Houston, San Francisco and Los Angeles. Various†¦show more content†¦Also, 48% from its revenue come from retail merchandise. Hard rock Cafà © strategy has changed over time since 1971. It has moved from a London small cafà ©, to food plus entertainment, to food plus an experience. â€Å"Restaurant-goers don’t just want a meal; increasingly, they want an experience, and Hard Rock’s operation strategy is designed to provide that experience.†  ² HRC claims its mission is â€Å"to spread the spirit of ‘rock ‘n’ roll by creating authentic experiences that rock.†  ¹. Their success and growth come from adopting this experience strategy. While a first-time customer spreads the mustard and ketchup on a thick juicy hamburger, and takes that first sip of a frozen margarita, he or she should read the HRC motto, just below the mission statement. The idea of HRC is to â€Å"Love all – Serve All,† and moreover, â€Å"All is one†¦Save the Planet†¦Take time to Be Kind.† Those are some pretty radical ideas – a for-profit corporation reminding people to be â€Å"kind† and to â€Å"save the planet† – when it comes to comparison of HRC with other restaurant chains. But it would appear that companies like HRC and Starbucks, that go out of their way to publicize and advocate for the urgent environmental needs of the planet and the needs of less fortunate people, have had a powerful influence on other restaurants. Chili’s for example is â€Å"proud to support St. Jude Children’s Research Hospital†  ³.Customers can use crayons at Chili’s restaurants to drawShow MoreRelatedFrom Your Knowledge of Restaurants, from the Video, from the Global Company Profile That Opens This Chapter, and from the Case Itself, Identify How Each of the 10 Decisions of Operations Management Is Applied at Hard Rock Cafe.3040 Words   |  13 PagesOperational Management Fields of Hard Rock Cafe Operation management is an academic field of study that focuses on the effective planning, scheduling, control and use of service firm and their operations as show by the case study of the Hard Rock Cafà ©. The operational management synthesizes concepts that have been produced from all other departments such as quality management, accounting, information systems and inventory among others. To ensure that the company has sustenance in the business, itRead MoreHard Rock Cafe Case Study1435 Words   |  6 PagesHard Rock Cafà ©, a successful theme restaurant, a global competitor, and a phenomenon opened on June 14, 1971 in England. After a decade, in 1988, Hard Rock Cafà © relocated its headquarters to Orlando, Florida and has since then, expanded its location to more than 40 Cafà © and employee 75% of their employees throughout the United State. While serving more than 100,000 meals each day, Hard Rock Cafà © chefs are adapting to the change of new taste and music as they continue to gain 45 plus years to theirRead MoreHard Rock Cafe Om Case Essay654 Words   |  3 PagesMANAGEMENT: Identify how each of the 10 decisions of operations management is applied at Hard Rock Cafà ©. TOURO UNIVERSITY INTERNATIONAL GEORGE L. HALL MODULE I CASE ASSIGNMENT OPM 300 INTRODUCTION TO OPERATION MANAGEMENT DR. ROGER B. RENSVOLD DR. GARY HANNEY 18 AUGUST 2008 Identify how each of the 10 decisions of operations management is applied at Hard Rock Cafà ©. Hard Rock Cafà © has had a very high brand recognition percentage throughout the world becauseRead MoreElastic Paper1744 Words   |  7 PagesEvery company tries to one up the next person by using creative approaches to intrigue each consumer when they are on vacation. Since we do live in Vegas, how does that work? Every structure is owned by this guy or that guy, and that’s where loyalty comes into play. My job, Hard Rock Cafà © has everything possible for an independent company. Hard Rock Cafà © continues to grow and flourish without changing the purpose of the cafà ©, â€Å"To create the spirit of rock and roll by using innovation† (Hard RockRead MoreHow to Hard Rock Cafe Success1396 Words   |  6 PagesHard Rock Cafà © is a success story in operation management. From its very first London pub in 1971, after 39 years of existence Hard Rock cafà © continued expanding and succeeding in many different countries. This paper will discuss how the 10 decisions of the Operation management were made on Hard Rock Cafà © as well as operation management challenges and opportunities confronting Hard Rock Cafà © when considering an expansion of its business in Hanoi. 1. Critically evaluate the operations managementRead MoreOperation Management at Hard Rock Cafe Essay1116 Words   |  5 Pagesfirst Hard Rock Cafà © opened its doors in London, England. The small pub soon became a popular attraction with its rock ‘n’ roll memorabilia. It is now located in 40 different countries with 121 restaurants. To have become such a success, management has carefully applied the 10 decisions of operation management. First, in order to provide the best experience for customers, human resources, carefully chooses the staff it hires for their passion of music and their desire to serve. Hard Rock Cafà ©Read MoreThe Marketing Mix Hard Rock Cafe1259 Words   |  6 Pagesvirtual stores on the Internet. In our case the Hard Rock Cafà © operates in 38 countries throughout the globe. The Cafà ©Ã¢â‚¬â„¢s of the Hard Rock chain are located in: Hawai, North America, Mexico/Central America, Caribbean, South America, Europe, Middle East, Asia, Japan and Australia/Oceania. Hard Rock Hotels are located in the following cities throughout the world: Bali, Chicago, Orlando, Pattaya and San Diego. In the near future (2010-2012) new Hard Rock Cafà ©Ã¢â‚¬â„¢s will be opened in Atlanta, Hungary,Read MoreHard Rock International - Crm1613 Words   |  7 PagesHard Rock International Executive Summary Hard Rock International is chain of cafà ©s, hotels, casinos, and theme parks spread across 53 countries. It has the world’s largest collection of rock ‘n’ roll memorabilia that the customers can see when they visit any of Hard Rock’s locations. Hard Rock’s main business model was built around a customer-centric approach. As the business was growing, the customer queries were hitting the numbers close to 56000 inquiries annually; a number that was gettingRead MoreHi Guys677 Words   |  3 PagesAnswering the questions on the text: Hard Rock Cafe - Forecasting 1. Describe three different forecasting applications at Hard Rock. Name three other areas in which you think Hard Rock could use forecasting models. Hard rock cafà © divide the forecast in long term methods where the expectations are to establish a better capacity plan and short term methods where they look for good contracts with suppliers for leather goods (clothes etc.) and definately to be more negotiable with the suppliersRead MoreThe Logistics Of Mcdonald s Supply Chain983 Words   |  4 Pageslogistics of McDonald’s is divided into three phases just like in most other companies. Inbound logistics phase involves the activities that take place between the delivery of supplies and their storage. The next phase is where the operation processes take place. Usually, it involves activities that create the end product, ensuring that its quality meets the customer’s expectations. Capacity Planning For both Hard Rock Cafà © and McDonald’s, the major bottleneck is the time taken in the operation