Cumberland Entertainment - Free Essay Example

Sample details Pages: 2 Words: 574 Downloads: 1 Date added: 2017/09/11 Category Advertising Essay Did you like this example? Cumberland Entertainment Summary of the case: Cumberland Entertainment is a Canadian-based company that had done very well for itself by finding and exploiting a niche market in North American music distribution. But major US clients had started producing their own titles, and were now direct competitors. What was worse, distributors had also started focusing on lower-end products from other suppliers and Cumberlands modus operandi became unsustainable. CEO Tom Smith felt the only sensible course of action was for Cumberland to take over the distribution of its own products, both in order to defend its market position and to ensure higher margins. This movement has been very successful and they have grown a lot. But despite such tremendous expansion, there seemed to be yet more opportunity for growth for Cumberland, so in summer 1999 they are evaluating the possibility to move toward private equity to finance this growth. Don’t waste time! Our writers will create an original "Cumberland Entertainment" essay for you Create order What do you think of the Cumberland opportunity? As a private equity financier, would you invest in it – why or why not? Positive points: * Management Team: competent and committed * Up to now it’s a successful project * Good business model: they control the distribution, maintain direct relationship with its retailers and are able to know customers’ preferences and adapt their product to it * Opportunity to grow: Organically: new product lines, new distributions channels, increase US market penetration, international markets and internet development * By acquisitions: Cumberland could acquire some of its international distributors, its competitors or some niche production companies whose products would complement those of Cumberland * Forecasts are very positive (but maybe not so realistic? ) Negative Points: It is a business that has had a tremendous and fast expansion exploiting a niche in the market. That may attract competitors to this niche, and it seems th at there are not many barriers of entry to go for this niche * Exit strategy: if the project fails, the investors will be able to get back very little money * The forecast seems to be too optimistic: Net earnings are supposed to grow 50% approx. along the next 4 years, but last year has decreased. It is quite attractive: the business model is good, the management team is performing well and there seem to be opportunities to grow, but this opportunity has also its drawbacks (see negative points). For me it is not a bad opportunity but if I were the investor I wouldn’t consider it as a good enough opportunity to put my money on it. 2. Now shift gear and adopt the Cumberland perspective: To whom should Tom Smith turn for funds: Delvie? Canadian Capital Partners? Others (explain)? The alternatives would be: bank financing (too expensive, 17%), organic growth (can’t reach their goals) or private equity: Regarding the private equity alternatives in exhibit 7: * Canada Bank is less flexible in its role in financing and its type of financing and is a company this opportunity does not seem to fit their usual portfolio * Maple Partners is smaller than the others, there is less info available * Alberta Capital: it could be a possibility, we should investigate whether they are interested Between Delvie and Canadian Capital Partners: Financial terms are quite similar * CCP’s structuring fee is higher (5% vs 3%) * Delvie seems to be less interested * Delvie wants to have 2 members in the board of directors, while CCP wants 3 The conditions of Delvie may be slightly better than the ones of CCP, but I would go for CCP because I think they are more committed and professional.

Communication Barriers in the Workplace - 1113 Words

Communication barriers in the workplace Communication is the conveyance and flow of ideas from one person to another. The exchange of information takes place through letters, words, symbols and nonverbal behaviors. It involves the transmission of ideas from the sender to the receiver. Communication is effective only if the receiver fully understands the transmitted information. Many problems and failures occur in organizations due to poor communication. Objective and goals fail due to misunderstandings in the organization. Effective communication provides a chain of understanding to all participants in the organizational framework. It promotes the flow of information both vertically and horizontally. Barriers to communication refer to obstacles that ideas and messages face before reaching the receiver. Language barriers occur when the receiver does not fully understand information conveyed by the sender. This occurs in the work place when orders and instruction pass to employees and employees fail to understand what the actual message and how they should respond. Dubrin argues, Insiders but not outsiders understand technical or professional/jargon language (443). Language barrier can occur in all levels of the organization not necessarily between the top and bottom. Emotional barriers occur if the message is not appealing to the receiver; it may arouse emotion and feelings that may lead to misunderstanding and misinterpretation. Proper interpretation of the messageShow MoreRelatedCommunication Barriers in Workplace1252 Words   |  6 Pagesï » ¿Communication Barriers in the Workplace Communication barriers in the workplace can have a serious effect on the functioning and of an organization. In the following article we shall understand what some of these communication barriers are and how to overcome them. What are the Communication Barriers in the Workplace? 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Interpretation Of Ibsens A Dolls House Argumentative Essay Example For Students

Interpretation Of Ibsens A Dolls House Argumentative Essay Interpretation Of Ibsens A Dolls HouseA Dolls House is classified under the second phase of HenrikIbsens career. It was during this period which he made the transitionfrom mythical and historical dramas to plays dealing with social problems. It was the first in a series investigating the tensions of family life. Written during the Victorian era, the controversial play featuring a femaleprotagonist seeking individuality stirred up more controversy than any ofhis other works. In contrast to many dramas of Scandinavia in that timewhich depicted the role of women as the comforter, helper, and supporter ofman, A Dolls House introduced woman as having her own purposes andgoals. The heroine, Nora Helmer, progresses during the course of the playeventually to realize that she must discontinue the role of a doll and seekout her individuality. David Thomas describes the initial image of Nora as that of a dollwife who revels in the thought of luxuries that can now be afforded, whois become with flirtation, and engages in childlike acts of disobedience(259). This inferior role from which Nora progressed is extremelyimportant. Ibsen in his A Dolls House depicts the role of women assubordinate in order to emphasize the need to reform their role in society. Definite characteristics of the womens subordinate role in arelationship are emphasized through Noras contradicting actions. Herinfatuation with luxuries such as expensive Christmas gifts contradicts herresourcefulness in scrounging and buying cheap clothing; her defiance ofTorvald by eating forbidden Macaroons contradicts the submission of heropinions, including the decision of which dance outfit to wear, to herhusband; and Noras flirtatious nature contradicts her devotion to herhusband. These occurrences emphasize the facets of a relationship inwhich women play a dependent role: finance, power, and love. Ibsenattracts our attention to these examples to highlight the overallsubordinate role that a woman plays compared to that of her husband. Thetwo sides of Nora contrast each other greatly and accentuate the fact thatshe is lacking in independence of will. The mere fact that Noras well-intentioned action is consideredillegal reflects womans subordinate position in society; but it is heractions that provide the insight to this position. It can be suggestedthat women have the power to choose which rules to follow at home, but notin the business world, thus again indicating her subordinateness. Noradoes not at first realize that the rules outside the household apply toher. This is evident in Noras meeting with Krogstad regarding herborrowed money. In her opinion it was no crime for a woman to doeverything possible to save her husbands life. She also believes that heract will be overlooked because of her desperate situation. She fails tosee that the law does not take into account the motivation behind herforgery. Marianne Sturman submits that this meeting with Krogstad was herfirst confrontation with the reality of a lawful society and she dealswith it by attempting to distract herself with her Christmas decorations(16). Thus her first enc ounter with rules outside of her dolls houseresults in the realization of her naivety and inexperience with the realworld due to her subordinate role in society. The character of Nora is not only important in describing to roleof women, but also in emphasizing the impact of this role on a woman. Noras child-like manner, evident through her minor acts of disobedienceand lack of responsibility compiled with her lack of sophistication furtheremphasize the subordinate role of woman. By the end of the play this isevident as she eventually sees herself as an ignorant person, and unfitmother, and essentially her husbands wife. Edmond Gosse highlights thepoint that Her insipidity, her dollishness, come from the incessantrepression of her family life (721). Nora has been spoonfed everythingshe has needed in life. Never having to think has caused her to becomedependent on others. This dependency has given way to subordinateness, onethat has grown into a social standing. Not only a position in society, buta state of mind is created. When circumstances suddenly place Nora in aresponsible position, and demand from her a moral judgment, she has none togive. She cannot possibly comprehend the severity of her decision toborrow money illegally. Their supposed inferiority has created a class ofignorant women who cannot take action let alone accept the consequences oftheir actions. .ub905cb759559c84f4a45c15b900d2ae4 , .ub905cb759559c84f4a45c15b900d2ae4 .postImageUrl , .ub905cb759559c84f4a45c15b900d2ae4 .centered-text-area { min-height: 80px; position: relative; } .ub905cb759559c84f4a45c15b900d2ae4 , .ub905cb759559c84f4a45c15b900d2ae4:hover , .ub905cb759559c84f4a45c15b900d2ae4:visited , .ub905cb759559c84f4a45c15b900d2ae4:active { border:0!important; } .ub905cb759559c84f4a45c15b900d2ae4 .clearfix:after { content: ""; display: table; clear: both; } .ub905cb759559c84f4a45c15b900d2ae4 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ub905cb759559c84f4a45c15b900d2ae4:active , .ub905cb759559c84f4a45c15b900d2ae4:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ub905cb759559c84f4a45c15b900d2ae4 .centered-text-area { width: 100%; position: relative ; } .ub905cb759559c84f4a45c15b900d2ae4 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ub905cb759559c84f4a45c15b900d2ae4 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ub905cb759559c84f4a45c15b900d2ae4 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ub905cb759559c84f4a45c15b900d2ae4:hover .ctaButton { background-color: #34495E!important; } .ub905cb759559c84f4a45c15b900d2ae4 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ub905cb759559c84f4a45c15b900d2ae4 .ub905cb759559c84f4a45c15b900d2ae4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ub905cb759559c84f4a45c15b900d2ae4:after { content: ""; display: block; clear: both; } READ: Yellow Wallpaper Essay PaperA Dolls House is also a prediction of change from thissubordinate roll. According to Ibsen in his