Lawrence Sports Simulation Essay Example | Topics and Well Written Essays - 750 words

Lawrence Sports Simulation - Essay Example Policy Recommendation Lawrence Sports has created a strategic alliance with Central Bank with intent to receive credit facilities in times of cash deficit. According to this policy, money is automatically transferred from the Central Bank to Lawrence Sports’ account whenever the company experiences a cash deficit. Currently, the company’s line of credit with Central Bank has reached its limit, $1.2 million (cited in University of Phoenix, n.d). Here, the company has to take some strategic decisions to continue its business effectively. The firm’s current difficulties are mainly due to Mayo’s default on outstanding payments for the weeks of March 17-23 and March 24-30. However, it must be noted that Mayo is the Lawrence’s principal customer and hence Lawrence Sports should not take a tough stance on Mayo’s outstanding payments. It is advisable for the company to allow Mayo an extra week for paying 80% of the outstanding payments. Evidently Gar tner is the potential supplier of Lawrence Sports as this vendor assists the company to meet its 70% of the raw materials needs. However, Lawrence has a restricted bargaining power over Gartner since Lawrence Sports is not a key customer for Gartner. Hence, it is recommendable for Lawrence to distribute 60% of its outstanding payments for the week of March 24-30 over the weeks of March 31-April 6 and April 7-13; and subsequently, continue the payment mechanism as before. Lawrence’s vendor relationships head Ann Wu opines that Murray is the more flexible vendor of the company although it is not the major one. However, Lawrence should not stretch payments indefinitely to this company because such a condition would put this company into great financial troubles. Therefore, it is advisable for the organization to pay 15% on purchase, 40% in the next week, and the remaining 45% in the second week from the week of March 31- April 6. Lawrence Sports may continue to follow this strat egy for planning the subsequent weeks. To be specific, it is recommendable for Lawrence Sports to follow a moderate working capital policy. According to Brigham & Daves (2007, p.725), a moderate policy is the one between relaxed working capital policy and restricted working capital policy extremes; and under a moderate working capital policy, an organization neither adopts a liberal credit approach nor a restricted credit approach. However, the moderate policy may not be beneficial for Lawrence to improve its financial position quickly as this policy gives more focus to customer and vendor relationships. Hence, the organization can only gradually improve its debt levels and minimize interest burden under this policy. This policy may prevent Lawrence from fastening its market growth because the firm does not promote risky investments under this moderate policy. As Correia, Flynn, Uliana & Wormald (2012, pp.11.5-11.6) point out, the organization allows its customers to maintain paymen t dues to a fixed level and does not take long time to pay dues to its vendors. In the view of Periasamy (2009, pp.19.12-19.13), a major risk associated with this policy is that Lawrence cannot quickly realize dues from its customers even if it is badly in need of money. As the organization provides its customers with a fair period of time to pay dues, it cannot insist them to pay the dues instantly. Hence, Lawrence Sports may struggle to raise funds in times of unforeseen contingencies. As compared to a relaxed working c

Nanomaterials in Consumer Products Research Paper - 1

Nanomaterials in Consumer Products - Research Paper Example At the same time in the business dimension, there are still concerns about the nanotechnology effect on global economics. The use of nanotechnologies is on the rise because it is very effective. There are numerous products on the market with additional ones coming in day after day. Most of the viable products for use by the public are duped as the first generation. Some of the available products in the market include tritium oxide that is used in most of the surface coatings, cosmetics as sunscreen at the same time is employed in some food additives, carbon allotropes are used to produce gecko tape. Lastly, one of the most commonly used material in this technology is a silver. It has been used mostly as an antibacterial in household appliances(Suh et al., 133). Zinc oxide is used in most sunscreens and surface coating, outdoor furniture furnishes, paints and cosmetic. Lastly cilium oxide is used as fuel catalysts. Silver is one of the materials used in the production of nanotechnology equipment. It can be used in food packaging, disinfectants, household appliances and clothing. Further, the silver ionic nanoparticles can be used for washing machines, air conditioners, refrigerators Samsung vacuum cleaners and air purifiers as part of the household appliances used. Silver nano coating is used in most of the Samsung home appliances to protect the household from bacterial infection. Most of the appliances are coated with silver nano that has both antifungal and anti-bacterial effect. Thus, it keeps the place clean and free from contamination by microorganism. For instance, the Samsung fridge is coated with this silicon on the inside hence killing this microorganism by cellular metabolism hence preventing further growth. According to Hoek & Ghosh, (5) the silver nanotechnology is used to sterilise equipment against 650 types of bacteria. The machines do so by eliminating about 400 billion silvers ions that penetrate deep