Eagle Boys Pizza Report Essay Example for Free

Eagle Boys Pizza Report Essay Founded by a young baker in his mum’s garage in 1987, Eagle Boys now operates more than 335 stores throughout all states of Australia. It is one hundred per cent Australian owned and operated and delivers pizzas to hungry families across Australia from metropolitan inner city areas to small remote towns. With over 8,000 team members nationally, Eagle Boys makes just under 18 million pizzas a year and generates an annual turnover of more than $200 million. Focused on delivering real taste, real size and real value to pizza lovers across Australia, Eagle Boys is customer-focused and continually examines ways to improve its customer satisfaction and service. Eagle Boys ensures pizza lovers across Australia receive tasty meals and exceptional service every time by training its franchises to commit 110% to customers’ satisfaction. Explanation of its legal structure Eagle Boys pizza is a Proprietary company, meaning that it is private. The shareholders of Eagle Boys Pizza Pty Ltd, have limited liability protection, which means that the most money they can lose is the amount they paid for their shares. Eagle Boys began as a family business, as it was founded by Tom Potter and his mum in 1989. It is an incorporated business, meaning that the business is a separate legal entity from the owners. This allowed the business to be sold and still be operated, in 2007 to Todd Clayton who is now the CEO and managing director of Eagle Boys Pizza. The fact that it is a separate legal entity, allows the company to sue, be sued, buy or sell property and also have perpetual succession. Identification of the current stage of the business life cycle the business is currently in and give reasons for your views Eagle Boys pizza is currently at the maturity stage of the business cycle. Its goal is to maintain profits at pre-existing levels. Recently, in February 2011, Eagle Boys responded to the growing sophistication of Australians’ pizza palate by unveiling its new Gourmet Pizza Range featuring ingredients such as, Roasted Potato, Salmon Steaks and Tandoori Chicken. Eagle Boys is also the only Australian pizza maker to offer Ready 2 Go! â„ ¢, which allows customers to get their hands on some of their favourite pizzas without phoning beforehand or waiting between 5. 30pm and 8pm daily. Since Eagle Boys was purchased by private equity firm NBC Capital and the current executive team in 2007, Network store numbers have grown by 63% which is the highest period of growth in the company’s 24-year history. Eagle Boys saw sales grow 15. 4% during the 12 months up to June 2010, bringing total sales growth during the past three years to 43. 2%. The company expects the strong double digit growth to continue with the opening of additional stores and the launch of new products. Identification of one business law and one regulatory body in relation to this business – explain how this business complies An example of a business law of the Eagle Boys pizza is a privacy law. Eagle Boys is subject to Privacy Legislation, including the National Privacy Principles (NPPs) under the Privacy Act 1988, The Privacy and Personal Information Protection Act (1988) and contractual requirements relating to Privacy pursuant to a number of State and Territory Government Licence Agreements. Eagle Boys Pizza complies with this law by collecting information by either specifying or letting the reason be apparent at the time the information is collected. It is not Eagle Boys’ general practice to collect sensitive information and they will only collect sensitive information with the persons consent. A regulatory body that Eagle Boys Pizza complies with is the Australian Competition and Consumer Commission. Eagle Boys applied for notification of conduct whereby it would grant franchises on condition that franchisees acquire goods and services from specified suppliers. That notification was lodged on 13 August 2009 and allowed to stand on 21 September 2009. Eagle Boys complies by ensuring product safety and liability and does not provide any false or misleading advertising. Identification of two significant challenges for management in the business life cycle – one challenge management has faced prior to 2011 and one they will face in the future (ensure you state which stage of the life cycle the business experienced /will experience this challenge). A significant challenge that Eagle Boys pizza management has faced prior to 2011 is responding to the growing amount of different pizza businesses, in competition with Eagle Boys, and the need to introduce new ranges and varieties of products to satisfy the needs of consumers. They had been challenged to introduce new products such as gourmet pizzas, desserts, and sides such as pastas, chicken wings, garlic bread etc. This challenge was experienced during the growth stage of the business cycle. A significant challenge that Eagle Boys pizza management will face in the future is decline, in the Recession stage of the business life cycle. As the business would have been running for a while now, it will have become a high-risk business. Products may become obsolete, leaving the business with unsold stock. Another factor influencing decline is well qualified employees beginning to leave and seek better job opportunities. Due to the ongoing introduction of new businesses in the same field, Eagle Boys will be affected by consumers no longer buying the businesses products, resulting in a large dent in the cash flow. Consequently, profits will also decline. Identification of the business environmental influences, both internal and external, that have impacted upon this business Internal environmental influences that have impacted Eagle Boys Pizza include product influences such as the range of menus that it provides as well as services provided. E. g. Delivery services. Location influences also have a large effect on the business. The location of franchises is vital as a prime location means the business will attract higher numbers of customers as it is convenient and visible. The proximity to customers, suppliers and support services is also essential in determining the location of the business. Another internal influence is resources. Employees, being the main asset to the business are an extremely important resource. Other important resources include cooking and servicing equipment and machinery as well as raw materials that allow the business to create and sell their products. Management influences control the workers and help to provide a more organised structure and easy way of communication and co-operation. External environmental influences that have impacted Eagle Boys Pizza include Legal influences such as increasing legal obligations and business requirements. Political and institutional influences include taxation, employee superannuation, approval of new development and alteration applications. These influences have a strong impact on how and where the business is run. Another external influence is financial influences. Financial influences create changes in the financial market which can cause risk for the business. Geographical influences heavily impact the opportunities for the business. Demographic factors such as population, age, and income control the popularity of the business. Explanation and critical analyses of how management has responded to the above range of challenges and influences The first Eagle Boys Pizza opened in Albury, New South Wales. Eagle Boys advertised their products as semi-gourmet pizzas that quite unique to the larger chains, yet cheaper due to the high production output. This successful idea caught on, and the first store in Albury was quickly creating a generous profit. Within less than a year, Eagle Boys opened up two more stores in the neighbouring cities of Wagga Wagga and Dubbo. As the company sustained its growth, it put a lot of energy into researching ways to meet consumer demands in different regions. With stores opening up in rural, suburban and urban areas throughout Australia, the company became very popular due to operating in areas that other large fast food businesses would often ignore. One particularly successful store model was the development of a drive-thru pizza store in 1999, a concept which was unheard of at the time. Australia’s first drive-thru pizza store demonstrated to be immensely popular, as it was easy and convenient. Expanding on this quick pizza delivery system, the company launched the Eagle Boys Pizza Express Store shortly after, which was designed to provide quick service pizza out of a small location in highly populated foot traffic areas. This express system proved to be very popular, and new locations started to spring up at airports, shopping malls and pedestrian malls around the country. Many locations were now generating up to forty precent of their sales. As the company started to experience increased competition, it had to do something to differentiate its express pizza service from other companies offering similar products. Eagle Boys eventually developed a popular offshoot menu for Eagle Express stores: â€Å"Ready, Fresh Go! † in 2008. This idea meant that while it is an express delivery system, the pizzas are made fresh and held in specially-designed slow-cook ovens that ensure their freshness. The company’s dedication to research and response to consumer trends and the development of new, quality products quality concluded in the largest reformation of the Eagle Boys menu in its history. Launched in early 2010, the new menu featured a variety of new items. Apart from new pizzas, new items such as a chocolate fudge mousse dessert, pasta dishes, additional side dishes and drinks were introduced. Customers have responded with a resounding satisfaction, and throughout 2010 Eagle Boys enjoyed one of its biggest increases in sales in company history. Eagle Boys continues to develop new and accessible ways to respond to challenges and internal and external influences. Creating innovative and unique products is what has propelled the company to success, and it continues to be a mainstay of Eagle Boys’ activities today.

The Automatic Paige Typesetter :: essays research papers

The Automatic Paige Typesetter   Ã‚  Ã‚  Ã‚  Ã‚  Many people believed that the Paige typesetter was printing of the nineteenth century. One person who literally put everything he had into it was Samuel Taylor Clemens better known as Mark Twain. Mark Twain was the principle money investor of the automatic Paige typesetter. Twain thought that his investments in the machine would make him richer, but it turned out that the typesetter did the exact opposite.   Ã‚  Ã‚  Ã‚  Ã‚  James Paige invented the automatic Paige typesetter around 1877. The typesetter was said to have the power of four men’s jobs. It was not only going to be the greatest invention of the nineteenth century, it was going to make publishing companies a fortune by cutting down on time and initial printing costs. In 1877, Dr. George F. Hawley signed a contract with Paige to use his typesetter and the Thompson distributor, another machine that sorted printed papers, to combine them into one machine.   Ã‚  Ã‚  Ã‚  Ã‚  The â€Å"Chicago Herald† tested the combined machine, or Paige compositor. The machine was roughly eleven feet long, three and one half feet wide, and six feet high. It weighted nearly 5000 pounds, and the power it needed was transmitted through a round belt to a grooved pulley 14 inches in diameter. The machined used about 1/4 to 1/3 horse-power and it could be started and turned up to speed with one finger at a 7-inch leverage. The compositor was particularly made for newspaper printing work. It did all the work of distributing, setting, justifying, and had mechanisms that were adjustable to any width of column desired for newspaper or bookwork.   Ã‚  Ã‚  Ã‚  Ã‚  Although the compositor seemed like a good idea it had many defects and over 18,000 mechanical parts that were not always in working order. James Paige put a great deal of time, effort, and money into his great invention. Mark Twain himself invested and lost 50,000 dollars in the machine. Despite the efforts of everybody involved with the compositor, the Linotype machine hit the market earlier and was more cost effective.

Analyzing Pro Forma Statements Essay

XYZ Inc. In order to create an initiative for growth, an analysis of the company’s short term and long term financing needs are assessed to determine strategies for the company to manage working capital. The suggested initiative to increase XYZ Company, Inc. revenue over the next five years is by acquiring assets through a merger with UVW Company to produce more of product X. Companies must be able to manage growth either through the acquisition of assets or through the capital budgeting process. Through the acquisition of assets, external financing will be required. Growing quickly will allow XYZ Company to gain a larger market share and reinforce its viable position in the marketplace. Expanding too rapidly can have consequences. If the company has too much debt-financing and cash flows are reduced the company will risk being unable to repay its debts. Management must ensure the business can grow, what funding may be needed, and determine the sustainable growth rate. Pro Forma A pro forma statement is a method of calculating financial results to emphasize projected figures for a company. A pro forma is intended to give investors a clear view of company operations. For XYZ Company, the pro forma statements will reflect the merger with UVW to produce more of their best-selling products and adding a list of new ones. Management expects sales and costs to increase by 20 percent for the coming year. Forty-one percent of total liabilities for the company are loans payable to stockholders; therefore management is reluctant to create additional financing through debt. The company will finance the merger through sale of stocks, and liquidation of excess equipment because cash on hand is relatively small. The merger will allow unnecessary extra equipment and inventory to also be sold to finance the new, united company. Though the merger will increase sales, operating costs are also expected to rise to  meet the demand for the next five years. A substantial financial reason for a merger is economies of scale. The operating economies will be lower in the combined business firm. Benefits to a merger would include the ability to buy raw materials in bulk at lower prices, the possibility of better interest rates on loans for being a larger company, and better quality goods through a more efficient company. Though fixed costs may increase slightly, overall efficiency is expected to occur. XYZ’s current net sales are $1,747,698 and expected to grow 20% a year to reach $4,352,628 in five years. â€Å"Growth may also improve the effectiveness of the organization. Larger companies have a number of advantages over smaller firms operating in more limited markets† (Thomas, 2014). Additional funding post-merger will not be needed due to the liquidation of excess assets, and the sale of stock. Based upon the financial statements of the XYZ Company, management has decided that acquiring another business in the same industry will create a more efficient and effective company. The revenues earned from the combined business will continue to increase in the next five years. The company’s short term and long term financing needs have been addressed. Meeting payroll obligations, inventory purchases, and expansion are all included in the pro forma statement for XYZ. References Dileep, R. (2010). Forbes: The 12 Best Sources of Business Financing. Retrieved from http://www.forbes.com/2010/07/06/best-funding-sources-for-small-business-entrepreneurs-finance-dileep-rao.htmlThomas, J. (n.d). Diversification Strategy. Retrieved October 19, 2014 from http://Reference for Business; Encyclopedia of Business, 2nd ed. http://www.referenceforbusiness.com/management/De-Ele/Diversification-Strategy.html

Essay about A Raisin in the Sun - 1559 Words

In 1959, American Vice President Richard Nixon and Soviet Premier Nikita Khrushchev came together at the American National Exhibition in Moscow, a â€Å"showcase of American consumer goods† (May 18), for â€Å"one of the most noted verbal sparring matches of the century,† aptly coined the â€Å"kitchen debate† (16). As Khrushchev applauded the Communist system and its hardworking women, Nixon â€Å"extolled the virtues of the American way of life† (16), emphasizing America’s â€Å"successful breadwinners supporting attractive homemakers in affluent suburban homes† (18). Although Nixon’s emphasis upon the suburban lifestyle may have successfully displayed America’s superiority in consumer goods, Nixon grossly â€Å"exaggerated the availability of the suburban home†Ã¢â‚¬ ¦show more content†¦A rhetorical question, borrowed from the Langston Hughes poem that serves as an epitaph to her play and an inspiration for her tit le, Hansberry suggests that while delayed dreams may â€Å"dry up / Like a raisin in the sun,† if ignored or suppressed too long, they will â€Å"explode† (3). Although Hansberry’s message, upon first glance, appears to be a prophetic warning of things to come, a closer examination of A Raisin reveals it to also be an artfully disguised call to action. Like the Negro spirituals, religious songs created and sung by African slaves as a hidden means of communication and protest, A Raisin in the Sun is a masked work of art, palatable to a white audience, but with a concealed message intended specifically for an African American audience. Growing up and maturing during the McCarthy era, Hansberry would undoubtedly be mindful of the need to exercise caution with the views expressed in her writings. Familiarity with the experiences of family friend, Paul Robeson, and intellectual mentor, W.E.B. Dubois, both victims of McCarthyism, certainly encouraged discretion with regard to the written expression of radical or revolutionary ideas (Carter 1). That she garnered inspiration from the Negro spirituals of her predecessors and concealed a message within A Raisin is revealed early in the play. At the end ofShow MoreRelatedA Raisin Of The Sun896 Words   |  4 PagesWhen I first read â€Å"A Raisin in the Sun† I thought it to be quite humorous and lighthearted. However after reading it again for a second time I noticed that while it is humorous, it is also set in a time where things were far from lighthearted for African Americans. This particular play was set in the 1950’s which was a very difficult time for t he United States in regards to race relations. I thoroughly enjoyed this story not only because of the controversy within the family unit but also becauseRead Moreâ€Å"A Raisin in the Sun†700 Words   |  3 PagesLorraine Hansberry used symbolism in her successful drama, â€Å"A Raisin in the Sun† to portray emotions felt in the lives of her characters and possible her own. Hansberry set her piece in Chicago’s South Side, probably the early 1950’s. During this period in history, many African-Americans, like the Youngers, struggled to overcome the well-known prejudices that were far too familiar. The main scene, in this touching realist drama, is the home of the Youngers, an overcrowded run-down apartment. Read MoreA Raisin Of The Sun1319 Words   |  6 PagesEssay 3: Suggested Topics A Raisin in the Sun was a play written in the late 1950’s analyzing the cruel effects of racism amongst the Younger family. The younger family suffers from racial discrimination within their living space, place of employment, and the housing industry. Racism has been going on for a very long time in the United States and will always continue to exist. Racism has not only led to political but also social issues. A Raisin in the Sun confronted Whites for an acknowledgementRead MoreA Raisin in the Sun1346 Words   |  6 Pages Though there was a heightened sense of tension over civil rights in the late 1950s when A Raisin in the Sun was written, racial inequality is still a problem today. It affects minorities of every age and dynamic, in more ways than one. Though nowadays it may go unnoticed, race in every aspect alters the way African-Americans think, behave, and react as human beings. This is shown in many ways in the play as we watch the characters interact. We see big ideas, failures, and family values throughRead MoreRaisin in the sun1171 Words   |  5 Pagesï » ¿PLEASE DO NOT WRITE ON THIS TEST! A Raisin in the Sun: Unit Exam Directions: Using a number two pencil, fill in the letter with the best answer. I. MATCHING: Match each character with the proper description. One will be left over. 1. Beneatha a. man whose death brings the Youngers $10,000 2. Ruth b. thinks women only need to be pretty sophisticated 3. Travis c. a messenger of bad news 4. Walter Lee d. runs off with $6500 5. Walter e. represents pride in AfricanRead MoreA Raisin in the Sun - 41047 Words   |  5 PagesTania Garcia A raisin in the sun Prof. Natalie Sandler November, 27, 2012 A Raisin in the sun In a Raisin in the sun people wondered about Walter Lee’s inner journey. A Raisin in the sun is a play that explorer’s the struggles of African American people who achieve their desires. It’s about an African American family trying to pursue an American dream of owning their own home but in the process they encounter racismRead MorePoverty In A Raisin In The Sun1413 Words   |  6 PagesEconomic and societal poverty are the key forms of poverty highlighted in the three-act play, A Raisin in the Sun. Lorraine Hansberry, the playwright, discusses the hardships of African-Americans attempting to emerge in society in the 1950’s. The play is staged in ways where the audience can grasp the trifles of an African-American family continuously experiencing setbacks whilst attempting to achieve their notion of the â€Å"American Dream†. To Walter Lee Younger, his idea of the â€Å"American Dream†Read MoreA Raisin in the Sun Essay1752 W ords   |  8 PagesA Raisin in the Sun Creativity of Hansberry played a crucial role in the development of African-American drama since the Second World War. A Raisin in the Sun was the first play by African-American author which was set on Broadway and was honored by the circle of New York theater critics. Drama of A Raisin in the Sun (1959) brought Hansberry to the Award Society of New York Critics as the best play of the year. A Raisin in the Sun shows the life of an ordinary African-American family which dreamsRead MoreAnalysis Of A Raisin In The Sun1185 Words   |  5 PagesArianna Williams-Smart English 1B Professor Quinn Final Essay The epigraph to A Raisin in the Sun is Langston Hughes poem called A Dream Deferred which was written as an example of life in harlem. The lines are a introduction to the white societys actions to take away equal opportunity from black citizens. Hughes main point is that there could be consequences when peoples frustrations build up or accumulate to the point where they have to either surrender their dreams or allow strenuousRead MoreSummary Of A Raisin Of The Sun 1052 Words   |  5 PagesEric Herrera 1103 English Prof Nathan Camp October 13, 2014 A Raisin in the Sun The American Dream is the guiding ideology for the United States. A belief that every citizen of this country has an equal opportunity to prosper and achieve his or her personal dreams. A belief that has been constantly scrutinized due to the overwhelming role that race can play to complicate that dream. Although, Lorraine Hansberry’s â€Å"A Raisin in the Sun† may have been written in 1959. It’s one of the first pieces of