Case Study Hals Woodworking

Case Study Hals Woodworking
Hal Donovan started an ordinary hardware store, named Hals Hardware in Sandusky, Ohio, in 1988. He had been working during his summer vacations from college for a long-established hardware store and decided he liked the business. Hals Hardware developed an excellent reputation as a friendly neighborhood store. The store managers are all active in the community and the store regularly sponsors youth sports teams and supports local charities. When hired, salespeople go through a comprehensive training program that includes skill training in the areas of the store in which they will work (plumbing, electrical, power tools, flooring, garden, and so on), and they are trained in customer service skills. As a result of this focus on service, Hals Hardware became a community gathering place.
Hal offers classes and workshops for the homeowner and hobbyist three evenings each month and regularly schedules seminars for professional customers on weekday mornings. Many of these workshops and seminars are underwritten and taught by manufacturers to promote their products, but an increasing number are being created by Hals Hardware staff members.
In recent years, Hal has become concerned that the business is no longer growing. The store is facing increasing competition from hardware chains such as Home Depot and Lowes. These national chains have opened many new stores, and they are larger, carry more items, and offer lower prices on some items. The competition is fierce; for example, Hals Hardware closed its lumber department because of this competition. The national chains buy lumber in such large quantities that they can offer far lower prices. Hal matched his larger competitors prices, but found he was unable to earn a profit on lumber sales and that department consumed a large amount of floor space in the store.
Hal was worried that this sort of problem could develop in other departments, so he began looking for ways to add value to the customer experience, especially in ways that the national chains were not willing or able to do. For example, Hal has found that many people want to try out a new power tool in person before they spend hundreds of dollars on a purchase. Thus, Hals Hardware created a tool demonstration area staffed with salespeople who are experts in power tool operation. For each major type of power tool (drills, power saws, joiners, grinding tools, and so on), Hal created a small booklet of hints for using that type of tool. Hals salespeople give these booklets to customers as free handouts. They also sell Hals own low-cost instructional DVDs.
Hals Hardware currently has a Web site that includes general information about the company, directions to the store, and hours of operation. Hal is thinking about expanding the Web site to include online shopping. He is hoping that customers might find the Web site to be a useful way to order items, see whether items are in stock at the store, and comparison shop among different brands of a particular item. Hal also hopes that the Web site might reach customers who are not located near the store, but he realizes that some of his products do not have ideal shipping profiles.
Hal has been talking with Sarah Johnson, his most senior store manager, about his idea for adding online sales to the Web site. Sarah has been with the company for 20 years and has organized a number of the classes held on Saturday afternoons in the tool demonstration area. After hearing Hals ideas, she expressed some concerns. Sarah explained that going online with their entire product line might not make any sense because the competition for common tools is likely to be just as fierce online as it is in the store now. She has noticed that there seems to be a solid core of customers who are interested in serious woodworking and who show up for a lot of the classes. These customers buy some of the best, and most expensive, tools that the store sells. Many times, she finds that she has to specially order tools for these customers when they are working on a specific project.
Sarah suggests to Hal that they might want to take the business in a different direction online and sell only the high-end specialty tools to dedicated woodworkers and cabinetmakers. These items yield much higher margins than the regular tools and the salespeople who Hal has hired are eager to develop videos and instruction sheets that would appeal to this more skilled and specialized audience. Sarah suggests that they call the new online business Hals Woodworking to distinguish it from the general hardware store business. She suggested that Hal take a look at Web sites such as Highland Woodworking and Woodworkers Supply to get a better idea of the online store she has in mind. This weeks assignment is to;
1. Conduct a SWOT analysis for the existing Hals Hardware store. You can use the information in the case narrative, your personal knowledge of the retail hardware and tool industry, and information you obtain by following the Web Links or doing independent searches of the Web as you conduct your analysis. Create a diagram similar to Figure 1-12 to summarize your SWOT analysis results.
2. Conduct a SWOT analysis for Sarahs proposed Hals Woodworking online business. You can use the information in the case narrative, your personal knowledge of the retail hardware and tool industry, and information you obtain by following the Web Links or doing independent searches of the Web as you conduct your analysis. Create a diagram similar to Figure 1-12 to summarize your SWOT analysis results.
3. Based on your SWOT analysis of the proposed online business, write a report that includes a summary of your assumptions and a list of specific recommendations for Hals Woodworking. These recommendations should specify the types of content that should appear on the Website, the features that Hal should make available on the site, and how the site might overcome any of the weaknesses or threats you identified in the SWOT analysis. Be sure to include an outline any costs or benefits that the company might experience by operating both businesses at the same time. Online businesses can find it difficult to establish trust with its customers; so how will Hals Woodworking Website attempt to overcome this challenge? How might Hal leverage its reputation as a friendly neighborhood store and its community involvement in an online environment? What factors of the Second and Third Wave of Electronic Commerce will you incorporate into Hals new website?
The following requirements must be met:
Write between 1,000 1,500 words using Microsoft Word in APA style.
Use an appropriate number of references to support your position, and defend your arguments. The following are examples of primary and secondary sources that may be used, and non-credible and opinion based sources that may not be used.
o Primary sources such as government websites (United States Department of Labor – Bureau of Labor Statistics, United States Census Bureau, The World Bank), peer reviewed and scholarly journals in EBSCOhost (Grantham University Online Library) and Google Scholar.
o Secondary and credible sources such as CNN Money, The Wall Street Journal, trade journals, and publications in EBSCOhost (Grantham University Online Library).
o Non-credible and opinion based sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. should not be used.
Cite all reference material (data, dates, graphs, quotes, paraphrased statements, information, etc.) in the paper and list each source on a reference page using APA style. APA resources, including a template, are provided in the Supplemental Materials folder.

ECONOMICS OF SPORTS

**ARTICLES ARE UNDER REFERENCES

Your report should include a brief introduction and a conclusion. Your introduction should include a concise preview of your report’s topics as well as a short thesis statement. Your conclusion should also review all the major elements of your report.

Answer each of the questions below in separate paragraphs as the body of the report. Number your paragraphs to be perfectly clear where one answer ends and another begins.

Read Walker and Wooders article Minimax Play at Wimbledon. Based on this article:
1. What is the observable result that should be seen if tennis players were playing the mixed strategy correctly? Explain your reasoning.
2. What percentage of the time was behavior statistically different from that observable result [Table 1]?

Read Kovash and Levitts article Professionals Do Not Play Minimax: Evidence from Major League Baseball and the National Football League. Based on this article:
3. What are the two mistakes that it seems that MLB pitchers made with regards to optimally mixing pitches? Explain.
4. What was the primary mistake NFL play-callers made with regards to optimally mixing running and pass plays? Explain.

References
Walker, M. and J. Wooders. 2001. Minimax Play at Wimbledon. The American Economic Review 91.5: 1521-1538. Retrieved from http://www.u.arizona.edu/~mwalker/wimbldn.pdf.
Kovash, K. and S. Levitt. 2009. Professionals Do Not Play Minimax: Evidence from Major League Baseball and the National Football League. NBER Working Paper Series. Working Paper 15347. Retrieved from https://www.nber.org/papers/w15347.

Managerial Accounting Project

Competencies
In this project, you will demonstrate your mastery of the following competencies:
Describe how managerial accounting supports management information systems
Utilize managerial accounting techniques and models to support an organizations strategic plan
Explain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performance
Scenario
Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your companys progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.
Directions
Submit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your businesss performance to date. Your report can be in the form of a PowerPoint presentation or a Word document (based on the templates provided in the What to Submit section). In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, youll need to include speaker notes for each slide.
Introduction: Provide a short overview of your company and the purpose of this report.
Business Overview: Name your company and describe its business and your vision for its future.
Purpose of the Report: Explain the purpose of the report and describe why the information is important.
Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.
Financial Strategy: Review your original business plan and costing strategies.
Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.
Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.
Target Profits: Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.
Financial Statements: Using the information in the Milestone Two Market Research Data Appendix, assess your financial performance to date.
Statement of Cost of Goods Sold: Share the statement of cost of goods sold and logically interpret the businesss performance against the provided benchmarks.
Income Statement: Share the income statement and logically interpret the businesss performance against the provided benchmarks.
Variances: Illustrate all variances for the direct labor time and the materials price.
Significance of Variances: Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.
What to Submit
To complete this project, you must submit the following:
PowerPoint Template: Investor Report
Use this template to submit a PowerPoint presentation with speaker notes. Sources should be cited according to APA style.
OR
Word Template: Investor Report
Use this template to submit an 8- to 10-page Word document. Sources should be cited according to APA style.

Arab Hope Makers

My presentation is about: Arab Hope makers, the largest initiative of its kind to honour individuals and institutions in the Arab world with philanthropic efforts that seek to improve lives. The initiative celebrates humanitarian projects and initiatives that address challenges facing communities across different fields, help alleviate the suffering of those in need and empower marginalized groups. It highlights Hope Makers who devote their time and efforts to drive positive change in communities without seeking personal gains or recognition in return.
( For more information about Arab Hope Makers : https://www.almaktouminitiatives.org/en/what-we-do/arab-hope-makers )
Requirements ( attached a pic of the instructors guidelines – my part that is required is highlighted) :
A. From Medias perception, What is ( Arab Hope Makers) doing well ( in social media). I mean the interaction between the initiative and audience that cause social conversation ( please take screenshot of the pages of their insta, facebook, webpage, . ) that show how strong the interaction of the audience in a way that affect the initiative positively and based on success metrics that we have studied ( I attached the slides related to success metrics that we have covered which are : 1- web traffic courses. 2- Return on marketing investments. 3- total visits 4- customer acquisition cost 5- click trough rate 6- response rate. 7- average time on page. 8- unique visitors. 9- pageviews per session. 10- New leads generated. 11- bounce rate. 12- cost per lead. – ).
NOTES:
– Its not necessary to cover all Success metrics, but try as much as you can.
– It would be great to have statistics/ charts on points related to social media such as number of visits on their web site ,positive comments on FB .. .
B. During COVID-19, how the initiative went through ? And critically assess how they handled it on social media ? ( you can also talk about the way they organized the honoring Ceremony during COVID-19 support by adding pics )
GENERAL NOTES:
– There is no specific number of slides – my part should be presented in 8 minutes.
– Try to support it by adding pictures as much as you can. And Please write the details of each slide (information analysis) either in ( NOTES) or in a doc. File so that it assist me to understand and present.
– Please write down the source of any pic you will add into in the references.
– Instagram link of Arab Hope Makers : https://instagram.com/arabhopemakers?utm_medium=copy_link

Risk and Return in Investing

Risk and return go hand in hand. Understanding this relationship is critical to making well-reasoned financial decisions, whether you are making personal investment decisions or working for a business where youre responsible for investing excess cash. This journal assignment allows you to explore the risk-return relationship in the context of investing in stocks in both of these roles.
Prompt
Write a journal discussing risk and return as it relates to investing in stocks.
Specifically, you must address the following rubric criteria:
Investment Risk: Explain key risks associated with investing in stocks.
Investment Return: Discuss events that can cause the price of a stock to increase or decrease.
Risk-Return Relationship: Explain the relationship between risk and return and how this relationship impacts stock investment decisions, using examples to support your claims.
Reflection: Describe whether you make stock-investment decisions in your personal life and how you do or would make those decisions.
Consider the following in your response: Would your decision-making process change if you needed to make stock-investment decisions for a business? Why or why not?

Review this week’s Learning Resources and reflect on the insights they provide on family assessment. Be sure to review the resource on psychotherapy genograms.

Assignment: Family Assessment

Assessment is as essential to family therapy as it is to individual therapy. Although families often present with one person identified as the “problem,” the assessment process will help you better understand family roles and determine whether the identified problem client is in fact the root of the family’s issues.

To prepare:

Review this week’s Learning Resources and reflect on the insights they provide on family assessment. Be sure to review the resource on psychotherapy genograms.

Download the Comprehensive Psychiatric Evaluation Note Template and review the requirements of the documentation. There is also an exemplar provided with detailed guidance and examples.

View the Mother and Daughter: A Cultural Tale video in the Learning Resources and consider how you might assess the family in the case study.

The Assignment

Document the following for the family in the video, using the Comprehensive Evaluation Note Template:

Chief complaint

History of present illness

Past psychiatric history

Substance use history

Family psychiatric/substance use history

Psychosocial history/Developmental history

Medical history

Review of systems (ROS)

Physical assessment (if applicable)

Mental status exam

Differential diagnosis—Include a minimum of three differential diagnoses and include how you derived each diagnosis in accordance with DSM-5 diagnostic criteria

Case formulation and treatment plan

Include a psychotherapy genogram for the family

Note: For any item you are unable to address from the video, explain how you would gather this information and why it is important for diagnoscixis and treatment planning.

https://video-alexanderstreet-com.ezp.waldenulibrary.org/watch/mother-and-daughter-a-cultural-tale

Understanding Pricing of a Stock

You may have seen how financial news outlets provide real-time financial market reporting. They often produce stock-market news feeds for traders; these news feeds include a stock chart. The stock chart may include different filters that allow you to see how the stock is performing today or has performed over one or more years.
There are many factors that will influence pricing that cant be controlled or predicted accurately. The approaches used to value stocks (determine what the stock is truly worth) are usually theoretical. You should consider what drives stock prices and why.
For this discussion, first go to Mergent Online. Find the pricing chart under the Company Details tab, then click on Pricing Summary for your selected company. This is the company you have selected for your Project Two assignment. Filter the time period to one year.
In your initial post, address the following:
Discuss how the stock for your company is trending. Explain why the stock is in either an uptrend or downtrend.
Discuss some of the factors, including environmental, sustainable, and governance (ESG) factors, that you believe have impacted the stock performance and why.
Convince your peers to either invest in your chosen company or to not invest in the company. Explain your reasoning.

Maths data and probability

All graphs to be hand-drawn out please on graph paper and photos uploaded.

Pie chart (information in a paragraph) section C with a couple of sentences of summary under the pie chart of information (calculations of percentages needed)

Table 1 – line graph of the proportion of smokers using data of only wales and United kingdom from the table ( England, Scotland, and Northern Ireland don’t need to be included) – proportion on the vertical axis

Table 2 – bar chart of fertility rate in north wales. Include Denbighshire and Gwynedd information only!!

Table 3 – scatter graph of weight and body surface area only information needed to be inputted for this one.

Frequency polygon graph – table 3 data, children, and height only information for this graph.

Frequency histogram- children and height only from table 3 data to be inputted. (No spaces between each reading, needs to side by side)

summary Paragraph explaining each graph as well, please.

Week Two: Sexual Education

Watch these Ted Talks about Sexual Education
https://www.youtube.com/watch?v=-7V9S9wdLfc&t=381s (16:49)
https://www.youtube.com/watch?v=dPgMAPlMINc(11:01)
What do you believe are the key takeaways from these messages? Compare the two messages and then use your own sexual education experience to discuss what you feel are success strategies (yes, you need to identify what successful sexual education looks like).
Do some research on the approach you think you would be most successful. Do health care providers agree? Can you find evidence for this?