Republicans and Democrats the U.S. deficit Research Paper

Republicans and Democrats the U.S. deficit - Research Paper Example Republicans on the other hand advocated for â€Å"sound finance† and decreasing taxes but also realized that there should be some form of deficit to support government programs in progress (Colander & Matthews, 59). The republican sound finance perspective is based on the economic view that if taxes are cut, there is an incentive to work harder, save and thus revenues are increased (Miroff, Siedelman, Swanstrom, & Deluca, 397). Therefore in addressing the growing national deficit, the Republican Party advocates for government spending habits to be curtailed, and also to amend tax legislation with a view to creating jobs and increasing salaries, reform Medicare and national security, and for the reformation of welfare programs (GOP.gov.com). The Democratic Party takes the position that the wealthy should be compelled to pay higher taxes, so that the government can fund programs meant to strengthen the middle and lower classes (Moving America Forward, 2012 Democratic National Pl atform). This paper evaluates how democrats and republicans propose to handle the current U.S. deficit and will determine which approach has more merit. During the 2012 Presidential elections, the Republican Party’s Presidential candidate Mitt Romney revealed a plan for dealing with the US deficit. The plan involved an eight-year program in which the federal budget would be balanced (Sahadi). The plan also included a promise that taxes would not be increased and at the same time, retiring Americans would be protected and more would be spent on defense (Rubin). This plan would obviously mean that other government programs would necessarily have to be cut. According to Rubin, we are at least assured by Romney that social security would not be subjected to cuts. However, other government programs could be vulnerable and this would include housing assistance, national parks, food stamps, and any other number of government programs. Wyler provides the details of the plans Romney h ad for the Republican Party’s approach to the U.S. deficit. To begin with, Romney planned to decrease income taxes by 20%. These income tax decreases would affect all Americans regardless of income status (Wyler). This of course is nothing new for the Republican Party. In 2001 and 2003, former republican president Bush introduced two successive tax cuts across the board which were primarily beneficial to the wealthy (Bartels). For the most part Americans are receptive to tax cuts because they are singly focused on their own â€Å"tax burdens† (Bartels, 15). The reality however was that 36% of the tax cuts would benefit the â€Å"richest 1 percent of Americans – a share almost identical to that received by the bottom 80 percent† (Hacker & Pierson, 33). It was estimated at the time that within 10 years, the income tax reductions would cost the U.S. $2.1 trillion in revenue (Hacker & Pierson). Middle and lower class Americans were sold on the tax reductions because in less than a month after the initial reductions, taxpayers were receiving rebate checks for at least $600 (Hacker & Pierson). This was one way of passing a policy that would primarily benefit the wealthy and yet

Feasibility Report Essay Example for Free

Feasibility Report Essay The company will sell custom-made cakes, cupcakes and coffee. The revenues from the business will come from the sale of decorated cakes and cupcakes, as well as coffee for customers who visit the shop. The business will raise revenue from service: cake decoration and creation of the centerpieces of many of the most remarkable occasions of the lives of clients. Service revenue will come from different customized cake designs, decoration and bake creations. The business will use many different designs as discussed by Graham (2007) and Wilson (2011). The major revenue source during the initial year will be service revenue, including drink, cakes, and cupcakes sales. The business includes walk-in service. It will have two ordering delivery channels; phone orders and via online ordering. In addition, parking bays will be provided at a fee. The projected revenue from parking bays will be $75000 per year. The revenue from the sale of cupcakes, cakes and drinks is projected to be $100000 yearly. The revenue from custom-making service will be $50000 annually. Therefore, the total projected revenue will be $225000. Cost Drivers The business will consider the costs in order to stay in business (Marron, 2014); (Kidder, 2012 ). a) Upfront Costs Since the business is new, there will be several starting costs before  official opening. Upfront costs consist of the purchase of furniture and fittings (table, chairs, coffee machines, installation of EFTPOS (electronic funds transfer at point of sale) and computers, cutlery, and front decoration (Ilasco and Seto, 2012 ); (Spencer, 2010). Advertising expenses will consist of the advertising campaign in the initial year. The advertising drive will be geared towards increasing sales to cater for the other costs (Marquis, Demand Media, 2014). Materials for shop decoration will be used to attract new customers. The total cost will include the cost of employing an interior designer. In addition, the business will consider the bond for the rent. This is because the expense must be paid prior before the business is opened. There will be other upfront costs that will include the certificates and legislations required for the business opening (Department of Health, 2014). b) Fixed Costs Owing to the scenic area of Melbourne, the high cost of rent must be taken into account. Utilities like lighting, heating, telephone lines, internet router and air conditioning have to be considered before the official opening. The business will choose a cheap electricity supplier. There are many to choose from (Smart Utilities, 2014). For an attractive design of the display in the shop, an interior designer with experience will be sought once per year. The cost associated with this will be recorded as ‘expenses for design.’ Besides, the parking bays’ rental will be a yearly fixed cost paid to Melbourne City Council (Hamer, Currie and Young , 2011). The parking bays will be provided to increase revenue. The business will take legislations into consideration, because set annual fees will have to be paid to the relevant bodies to ensure business continuation. c) Variable Costs These are the expenses that will change with the output of the business. The main variable cost in the cake and cupcake shop is raw materials used in the production of cupcakes, coffee and cakes such as lollies, vegetables, fruits, flour, milk, coffee beans and chocolate (Leach and Melicher, 2014). The cost of vegetables and fruits will change depending on seasonal and weather changes. There will be other variable costs like package expenses: boxes, bags, staff wages and utilities. The workers in the shop will include 1 baker 1 decorator Junior casual staff Wages will be paid fortnightly. Additionally, the business will offer staff uniforms and training opportunities. There will be allowance of discount expenses owing to the high-inventory turnover and the need to supply fresh products. On special occasions, the business may have deals or offers that will reduce the unit profit. There will be other expenses like machinery maintenance, new fittings and insurance. These will be required as the business grows. Resource Requirements/Mapping Human Resource It will be very easy to get the key employees as it will only involve placing adverts on the street notice boards. There will be an added cost of interviews, as well as paying the Melbourne City Council (City of Melbourne, 2014). Physical Resource Property for lease is available in the area identified. Due to the scenery of the area, the cost of lease is high. However, the expected returns are high. The business premises will be gotten under a one-year lease. This will save the cost that may be incurred in paying monthly costs. Similarly, it will avoid the costs associated with monthly rent increases. Financial Resource The total startup cost is $130000. The business will raise $30000 and $100000 will be obtained from the bank as loan. Costs for maintenance will be catered for by the revenue from the business. Investment Size The business plans to raise $130000 to meet its startup cost. The funds will be used for: Developing the company’s cupcake and cakes store location Financing for the first year of operation Capital to buy baking equipment and ovens The company will contribute $30000 to the venture. The remaining $100000 will be financed by the bank as loan. Projected Startup Costs Initial Lease Payments and Deposits $20000 Working Capital $60000 Security Deposits $20000 Opening Supplies $10000 Company Vehicle and Lease Deposits $2000 Marketing Budget $10000 Miscellaneous and Unforeseen Costs $8000 Total Startup Costs $130000 References Aaron Marquis, Demand Media , 2014. The Average Profit Margin for a Cake Bakery. [Online] Available at: http://smallbusiness.chron.com/average-profit-margin-cake-bakery-14214.html [Accessed 11 05 2014]. Department of Health, V. A., 2014. Starting a food business. [Online] Available at: http://www.health.vic.gov.au/foodsafety/bus/foodbus.htm [Accessed 11 05 2014].  Graham, J., 2007. The Crabapple Bakery Cupcake Cookbook. Print ed. London: Penguin Group (USA) Incorporated. J. Leach, Ronald Melicher, 2014 . Entrepreneurial Finance. 5 ed. Stamford: Cengage Learning. Kidder, D., 2012 . The Startup Playbook: Secrets of the Fastest-Growing Startups from Their Founding Entrepreneurs. Illustrated ed. San Francisco : Chronicle Books. Marron, D., 2014. Cupcake Economics. [Online] Available at: http://dmarron.com/2009/11/28/cupcake-economics/ [Accessed 11 05 2014]. Meg Mateo Ilasco, Catherine Seto, 2012 . Mom, Inc.: The Essential Guide to Running a Successful Business Close to Home. Illustrated ed. San Francisco: Chronicle Books. Melbourne, C. o., 2014. Rates and valuations. [Online] Available at: https://www.melbourne.vic.gov.au/buildingandplanning/ratesandvaluations/Pages/RatesandValuations.aspx [Accessed 11 05 2014]. Paul Hamer, Graham Currie, William Young , 2011. Parking Price Policies – A review of the Melbourne congestion levy. Australasian Transport Research Forum 2011 Proceedings , 1(1), pp. 1-16. Spencer, P., 2010 . Start a Cupcake Business Today. London: InformationTree Press. StartupBizHub, 2014. Starting a Cake Business. [Online] Available at: http://www.startupbizhub.com/starting-a-cake-business.htm [Accessed 11 05 2014]. Utilities, S., 2014. Compare Electricity Rates in Victoria. [Online] Available at: http://www.smartutilities.com.au/electricity-comparison-victoria/ [Accessed 11 05 2014]. Wilson, D., 2011 . Bakers Field Guide to Cupcakes. Unabridged, reprint ed. New York City: Houghton Mifflin Harcourt.

The Crucible Coursework Essay -- Essay on The Crucible

The Crucible Coursework Essay The Crucible was written in 1952 by the playwright Arthur Miller. It is an allegory of the McCarthy ‘witch-hunts’ which occurred during the 1950’s. It was effectively the arrest and questioning of those suspected of communist views or that sympathised with communists. The USA was very suspicious of communists due to the Cold War between itself and the USSR. Joe McCarthy, leader of the governmental organisation, the Anti-Democracy Policy, headed the hunts. Arthur Miller was himself arrested by McCarthy. Miller was very irritated by this and decided that he wanted to protest by writing a satirical play. To have his play shown on Broadway he had to write an allegory based on his treatment and the insanity of the ‘witch-hunts’. The play is set in a fictional town named Salem in Massachusetts, USA in 1692, a period of American history when people were strict Christians. In Acts I, II and III we see a portrayal of local farmer John Proctor as he becomes involved in the injustices and realises the stupidity of the witch-hunts of Salem. In Act I we are introduced to Reverend Samuel Parris, a corrupted clergyman. He is insecure, bitter and paranoid about witchcraft infecting his parish, giving him a bad reputation. We learn that he has seen several girls dancing naked and casting spells in the nearby woods, including his daughter, Betty, niece, Abigail Williams and his housemaid, Tituba. Parris’ perversion could be seen as the ‘perversion’ of the autocratic 1950’s America. We also briefly establish John Proctor’s relationship with Abigail. An orphan, Abigail worked for him and his wife, Elizabeth as a housemaid until Elizabeth discovers that they were having an affair, ... ...cating that Proctor’s conscience has been eased. Danforth looks defeated here, showing us that Proctor’s truth and ability to stay strong has quashed the judge. Proctor is then sent to be hanged, and arrives in a cart carrying Goody Nurse, an innocent woman also condemned to death. In the shot both he and Goody Nurse are standing implying that they are closer to Heaven than the crowds below that have come to see them executed. We see a close-up of Elizabeth and at this point the music becomes powerful, showing her strong character. As they begin to recite the Lord’s Prayer we see that the accused are true Christians, though by not being allowed to finish the prayer, we see that justice has now been overcome. Through his own interpretation, the director presents the film in a way that remains true to the original themes and ideas of Miller’s play.

Material Requirements Planning (Mrp)

Material Requirements Planning (MRP) An overview of MRP Material Requirements Planning (MRP) is a software based production planning and inventory control system used to manage manufacturing processes. Although it is not common nowadays, it is possible to conduct MRP by hand as well. Is a computer based information system that translates the finished product requirements of the master schedule into time- phased requirements for subassemblies, component parts and raw materials, working backward from the due date using lead times and other information to determine when and how much to order.Material requirements planning is as much a philosophy as it is a technique, and as much approach to scheduling as it to inventory control. MRP begin with a schedule for finished goods that is converted into a schedule of requirements for the subassemblies, components parts, and raw materials is needed to produce the finished items in the specified time frame. Thus, MRP is designed to answer three q uestions: what is needed? How much is needed? and When is needed?Manufacturing industries must follow planning processes for every product, from its developmental stage to initial production and to final product. To outline each part of production planning, businesses use computer-based information tools such as material requirements planning, or MRP, and manufacturing resource planning, or MRP I. They function as integrated manufacturing control and activity systems MRP inputs An MRP system has three major sources of information: a master schedule, a bill of materials file, and an inventory records file.A master schedule is also referred to as master production schedule, states which ends items are to be produced when they are needed, and in what quantities. Then, a bills of materials(BOM) contains a listing of all the assemblies, parts, and raw materials that are needed to produce one unit of a finished product. Thus each finished product has its own bill of materials. And lastly, inventory records refers to stored information on the status of each items by time period, called time buckets. This include gross requirements, scheduled receipts, and expected amount on hand.It also include other details for each items, such as supplier, lead time, and lot size policy. MRP Systems MRP systems use production stage charts, materials requirement planning and master production schedules to outline the process of creating final products. It outlines the time needed during each production stage, status of outstanding orders and inventory needs for the initial process. It determines the time required for each production stage and demand for the final product. MRP1 Systems MRPII adds data resources to the original MRP manufacturing information systems.MRPII incorporates plan activities–such as a detailed production schedule and financial needs, inventory management, demand planning, shop-floor control and performance measurements–into manufacturing groups, such as the car industry and Marine Corps logistics. MRP and MRPI Integration MRP and MRPI systems are normally integrated into other production systems, such as Enterprise Resource Planning (ERP), but are still found separately today due to computer prices. The system a company uses depends on requirements.Just In Time (JIT) inventory strategy will sometimes supersede MRP during repetitive manufacturing processes, since receiving the raw materials during production cuts down on warehouse space and costs. For pharmaceutical and defense manufacturing industries, which use non repetitive production processes, the MRP system is still preferred. Project Benefits MRP allows for organization of the process as a project instead of continuous operation. The project engineer can produce a project master document with such information as division into units, date of the plan and name of the project. A project team is formed.The name of the team, role of the team and role of any team member or employee using MRP will be defined. Activities in the project can be linked through the use of planning, control of activities and co-ordination. MRP can be used to compute the earliest and latest possible start date for each activity of the project. MRP utilizes reject codes to assure consistent product quality by identifying units out of compliance. MRP further assures quality by using quality assurance methods to monitor line production. Rejected lots of product are tracked by operation work centers. Rejection of materials is tracked by vendor.Guidelines are developed for inspection of finished products as well as at pre-determined points in the manufacturing process. Outgoing goods' quality control and quality certifications are utilized. The benefits of the implementation of MRP versus of the cost of the system are considerations for companies examining this method. Lower end estimates for the cost of such a system are approximately $93,000 for a small company to $1,633,000 fo r the largest companies. However, the implementation approach, management support and degree of computerization have been found to be more important in achieving benefits than the cost of the system.The size of the company and the nature of the process or product appear to have little effect upon success. MRP will plan production so that the right materials are at the right place at the right time. MRP determines the latest possible time to product goods, buy materials and add manufacturing value. Proper Material Requirements Planning can keep cash in the firm and still fulfill all production demands. It is the single most powerful tool in guiding inventory planning, purchase management and production control. MRP is easy to operate and adds dramatically to profits.

Achieving Competitive Advantage Essay

What roles do traditional process management duties of planning, organizing, and controlling play in project management, if any? Answer: The traditional managerial duties of planning, organizing, and controlling all apply to project management. Project managers must be technically well versed, proficient at administrative functions, willing and able to assume leadership roles, and above-all, goal oriented. The project manager is the person most responsible for keeping track of the big picture Diff: 2 Section: 1. 1 What Is a Project? Skill: Conceptual AACSB Tag. Reflective 4) Why is project management challenging? Answer: Projects present challenges for a number of reasons; by their nature they are often dramatic departures from the routine process-oriented work that employees are accustomed to. Projects face budget, time, and resource constraints and these resources must often be marshaled from across the organization. Diff: 2 Section: 1. 1 What Is a Project? Skill: Conceptual AACSB Tag: Reflective 5) Why are projects important? Answer: Today’s businesses face a set of pressures that make projects crucial in helping an organization achieve its strategic goals. These pressures include shortened product life cycles, narrow product launch windows, increasingly complex and technical products, the emergence of global markets, and an economic period marked by low inflation. Diff: 1 Section: 1. 2 Why Are Projects Important? Skill: Definition AACSB Tag: Reflective 6) What changes in the business environment have necessitated a greater use of project management skills? Answer: Today’s businesses face a set of pressures that make projects crucial in helping an organization achieve its strategic goals. These pressures include shortened product life cycles, narrow product launch windows, increasingly complex and technical products, the emergence of global markets, and an economic period marked by low inflation. Diff: 2 Section: 1. 2 Why Are Projects Important? Skill: Factual AACSB Tag: Reflective 7) Why is project management considered an excellent training ground for future senior executives in many organizations? Answer: One of the unique aspects of projects is their unique blend of technical and behavioral challenges. The technical side of project management requires managers to become skilled in project selection, budgeting and resource management, planning and scheduling, and tracking their projects. The behavioral side of project management requires project managers to bring together individuals from across the organization, mold them into a team, manage conflict, provide leadership, and engage in negotiation and appropriate political behavior. Diff: 2 Section: 1. 2 Why Are Projects Important? Skill: Conceptual AACSB Tag: Reflective 8) Describe the activities that occur at each stage of a project. Answer: Stages in a project’s development are referred to as the project life cycle, which consists of conceptualization, planning, execution, and termination. In the conceptualization stage the scope of the work is determined, necessary resources are identified, and important organizational stakeholders signed on. In the planning stage all detailed specifications, schematics, schedules, and other plans are developed. Individual pieces of the project are broken down, individual assignments are made, and the process for completion is delineated. During the execution phase the system is developed or the product is created and fabricated. Termination occurs when the completed project is transferred to the customer, the project’s resources are reassigned, and the project is formally closed out. Diff: 1 Section: 1. 3 Project Life Cycles Skill: Definition AACSB Tag: Reflective 9) Where in the project life cycle are the intensity level of resources and client interest at their highest? Why is this the case? Answer: The intensity level of resources peaks during the execution phase of the project life cycle. The actual work is performed during this phase, so the commitment of financial, human, and technical resources peaks at this time. The level of enthusiasm or concern expressed by the project’s intended customer peaks in both the conceptualization and termination phases. The client is initially very interested because they provide input on the goal and specifications of the project. Project work moves out of the conceptual phase to a more internal mode and the client’s interest wanes until the project nears delivery. At this point the client’s interest peaks again as they prepare to receive the completed project and all the associated benefits. Diff: 2 Section: 1. 3 Project Life Cycles Skill: Conceptual AACSB Tag: Reflective 10) Rank the determinants of project success from most important to least important and justify your rankings. Answer: Answers with regard to ranking may vary since, for example, circumstances may dictate that time is an overriding concern at the expense of quality and cost. The determinants of project success are: conformance to budget, schedule, performance specifications, and client acceptance. Time – Projects are constrained by a specified timeframe during which they must be completed; they are not supposed to continue indefinitely. Cost – Projects must meet budgeted allowances in order to use resources as efficiently as possible. Performance – Projects are developed in order to adhere to some initially determined technical specifications. Performance measurement means determining whether the finished product operates according to specifications. Client acceptance – Projects are developed with customers in mind; their purpose is to satisfy customers’ needs. If the completed project meets all internal criteria but does not satisfy the customer, then the project has not been a complete success. Diff: 3 Section: 1. 4 Determinants of Project Success Skill: Conceptual AACSB Tag: Reflective 11) Discuss the internal and external measures of project success. Answer: The determinants of project success are the internal measures of time, cost, and performance and the external measure of client acceptance. Time – Projects are constrained by a specified timeframe during which they must be completed; they are not supposed to continue indefinitely. Cost – Projects must meet budgeted allowances in order to use resources as efficiently as possible. Performance – Projects are developed in order to adhere to some initially determined technical specifications. Performance measurement means determining whether the finished product operates according to specifications. Client acceptance – Projects are developed with customers in mind; their purpose is to satisfy customers’ needs. If the completed project meets all internal criteria but does not satisfy the customer, then the project has not been a complete success. Diff: 1 Section: 1. 4 Determinants of Project Success Skill: Factual AACSB Tag: Reflective 12) Describe the elements of the Atkinson model of project success. Answer: The Atkinson model incorporates the input of all stakeholders in assessing project success. Stakeholders are all groups that are affected by a project, for example, employees, customers, end users, the community, suppliers, etc. The Atkinson model begins with the traditional iron triangle of time, cost, and performance and adds considerations of the benefits accrued by organizational end external stakeholders. Diff: 2 Section: 1. 4 Determinants of Project Success Skill: Factual AACSB Tag: Reflective 13) One model of project success offered in the chapter looks beyond the current project into the future. Comment on the elements of this model and their impact along the timeline from project completion to well beyond this point in time. Answer: This framework was proposed by Shenhar, Levy, and Dvir and contains in chronological order, the elements of project efficiency, impact on the customer, business success, and preparing for the future. The immediate measure of success is efficiency, that is, have the project budget and schedule been achieved? More important, have the customer needs, technical specifications been met? Next, has the project achieved the commercial success that was hoped for? Finally, has the project opened new markets or new product lines, helped develop new technologies, or developed new skills for the organization? Diff: 2 Section: 1. 4 Determinants of Project Success Skill: Factual AACSB Tag: Reflective 14) What are project management maturity models used for? Answer: Project management maturity models are used to allow organizations to benchmark the best practices of successful project management firms. Project maturity models recognize that different organizations are currently at different levels of sophistication in their best practices for managing projects. Diff: 2 Section: 1. 5 Developing Project Management Maturity Skill: Conceptual AACSB Tag: Reflective 15) Describe the spider-web methodology for displaying project management maturity and present any five components of project management practice that can be displayed using this technique. Answer: A spider-web diagram (or radar chart) derives its name from its visual similarity to a spider-web, consisting of some number of spokes connected by concentric rings. The spokes represent the components of project management practice that the organization chooses to measure. The rings represent levels of achievement for each of the components. Diff: 2 Section: 1. 5 Developing Project Management Maturity Skill: Conceptual AACSB Tag: Reflective 16) Describe the project management characteristics of firms that reside at the lowest levels of the ESI, SEI, Center for Business Practice, and Kerzner maturity models and characteristics of firms that reside at the highest levels of these models. Answer: The lowest level of each model is occupied by companies that have no clear sense of project management. There is no common project management language within these companies and management processes, if any exist, are ad hoc. Firms occupying the highest level of project management maturity are project savvy; having progressed beyond simply applying project management to processes. These firms actively explore ways to continuously improve project management techniques and procedures. Diff: 3 Section: 1. 5 Developing Project Management Maturity Skill: Conceptual AACSB Tag: Reflective 17) What are the three levels of the generic project management maturity model and what are the characteristics of a company at each level? Provide examples of organizations at each of these levels and support your choices. Answer: The lowest maturity level of the generic model is reserved for companies that have an ad hoc approach to project management. There is no common language for project management and little support for project workers and the projects. At the moderate maturity level, the organization has defined practices, some training programs for project management and organizational support dedicated to these efforts. At the high maturity level, the process of project management is institutionalized and there are continuous improvement efforts underway from one project to the next. Example organizations will vary. Diff: 3

over population essays

over population essays The population of our planet will quickly reach a point where there will not be adequate amount of resources to support life on Earth. Population control must be enforced to avoid such a catastrophic occurrence. Many economic, social and environmental problems are either affiliated with or are increased due to overpopulation. With an exponentially increasing world population, the problems created by overpopulation grow correspondingly. In order to stabilize the massive population, the world must work together to maintain population stability. One of the main reasons is due to the fact that Man treats his surroundings, for example like his land, his environment, his atmosphere, his waters and other life forms as merely objects. Man utilizes, destroys and discards them when hes finish. If Man does not respect his planet, there will be nothing left except for a dead, barren wasteland. We must act soon or better yet, now. The earth does not have enough resources to supply the current enormous population growth. In many areas, there is simply not enough food to feed the growing populations. 150 million children in the world suffer from poor health due to food shortages. Alongside with food, there is another resource that cannot keep up with the increasing population, that is water. Our supply of fresh water is very essential to life and limited. Eventhough, our earth is covered with 2/3 of water and 1/3 land, converting salt water to fresh water can be expensive. In addition to depleting resources, overpopulation increases environmental problems. Polltion is an environmental problem whose magnitude is increased by overpopulation. With more drivers on the road, more electricity consumed, more trash, and depleting trees, the environment problems that exist will exponentially increase. But as more people such as ourselves pollute, massive problems occurs. Pollution is magnified in developing nations. Unfortu...

Leadership Paper on The One Minute Manager

Leadership Paper on The One Minute Manager The book ‚The One Minute Manager by Kenneth Blanchard, Ph.D. and Spencer Johnson, M.D. demonstrates three practical management concepts of being a One Minute Manager ‚someone who gets good results without taking much time (p.22) by story telling. The book begins with a young man who is seeking and wanting to learn an efficient and productive way of managing people. Interviewing with the One Minute Manager and the people work in the same organization, the young man reveals that the One Minute Manager has developed three processes for building a better manager and for increasing the productivity in the workplace. After he uncovers the three precepts, he finally becomes a One Minute Manager himself. The three concepts described in the book are One Minute Goal Setting, One Minute Praisings, and One Minute Reprimands.Refers to the book, One Minute Goal Setting is to make sure people know precisely what they are to do and what the manager expects.FeedbackOn the page 34, the steps o f One Minute Goal Setting are to agree on your goals and see what good behavior looks like. Then, to write out each of your goals on a single sheet of paper use less than 250 words. Next, read and re-read each goal, which requires only a minute or so each time you do it. Then, take a minute every once in a while out of your day to look at your performance, and finally, see whether or not your behavior matches your goal. The reason that the goals must to be write on one sheet of paper and less than 250 words because it is easy to be reviewed frequently, and goal seeks can easily keep their goals in mind. When the young man interviews Mr. Trenell in the company, he tells the...