Successful Marketing Strategy of Colgate

Successful Marketing Strategy of Colgate To develop a marketing strategy is a vital for any business because it is a procedure in which an organization concentrate its limited resource on the opportunities to increase sales and get the best from it as an advantage . For that one needs to keep in mind that only a customers satisfaction should be a main goal for ones. Marketing strategy should be centered around the key concept that customer satisfaction is the main goal. In each and every organization whether it is public or private organization, should be able to consider some strategic marketing approach so as to be ensured competitive position in the market place. One of the most marketing aspects of marketing is marketing strategies nowadays because marketing strategy is the term which is generally preferred to promotions. Marketing Strategy is a vital contributor to the satisfaction of the customer needs and wants. (Shimp, 2003) Marketing strategy approach is a way to capture a niche in the consumer market The marketing strategy is a mix consists of five major modules of communication like advertising, sales promotion, public relations and publicity, personal selling, and direct marketing (Neumann Sumser 2002). An identified Sponsor pay Advertising form of non-personal presentation and promotion of ideas, goods, or services. Sales promotion is a variety of short-term incentives to encourage trial or purchase of a product or service. Public relations and publicity is a variety of programs designed to promote or protect a companys image or its individual products. Personal selling is a face-to-face interaction with one or more prospective purchasers for the purpose of making presentations, answering questions, and procuring orders. Direct marketing is the use of mail, telephone, fax, e-mail, or Internet to communicate directly with or solicit a direct response from specific customers and prospects (Goldberg Mc Calley, 1992). Introduction Colgate was found in the United States 200 years ago. For the half of the years its business was focused only the. It is marketing its products in more than 200 countries and territories under some internationally recognized brand names as Colgate, Ajax, Palmolive, Softsoap, Some Hills Science diet products. Colgate Palmolive is leading product consumer product company focused on Oral care, Household care, Personal care and many more. Today Colgate-Palmolive is $9 billion Company. Colgate is famous for having a long history of strong relationship with its retail trade partners. This Company delights consumers around there world with a an array of Oral Care, Home Care, Personal Care, and Pet Nutrition products. Small stores around the world are just important to Colgate as large ones. Behind the success of Colgates brands are carefully developed business and marketing strategies. Based on consumer and shopper insights, the Company works closely with local merchandisers and shop owners to offer a relevant assortment of products and merchandising services to get high visibility in each store. .. Overview:- 1806 Colgate was originated with a small business of starch, Soap and candles form Dutch street, New York by William Colgate. 1817 The first Colgate advertisement was appeared in US newspaper. 1820 Colgate establishes a starch factory in New Jersey. 1866-1873 Colgate introduced perfumed soap and toothpaste in jars. 1896 Colgate introduced toothpaste in collapsible tube. 1900 In the world fair of Paris, Colgate won top honors for its products like soaps and perfumes. 1902 Stylish Palmolive Advertisement begins. emphasizing ingredient purity and product benefits . 1906 Colgate Company celebrates its 100thanniversary. Product line includes over 800 different products. 1908 Colgate is incorporated by the five sons of Samuel Colgate. 1911 Colgate distributes two million tubes of toothpaste and toothbrushes to schools, and provides hygienists to demonstrate tooth brushing. 1912 William Mennen introduces the first American shaving cream tube 1914 Colgate established its first international subsidiary in Canada 1920 Colgate establishes in Europe, Asia, Latin America, Africa. 1928 Colgate merge with Palmolive -Peet and became Colgate- Palmolive- Peet Company. 1930 On March 13, Colgate is first listed on the New York Stock Exchange 1939 Dr. Mark L. Morris develops a pet food to help save a guide dog named Buddy from kidney. 1947 Ajax cleanser is launched, establishing powerful now-global brand equity for cleaning products. 1953 Colgate -Palmolive company becomes an official name for the company. 1956 Colgate opens research center in Piscataway, NJ. Fabric conditioner is launched in France as Soupline. Today, fabric conditioners are sold in over 54 countries around the world. 1966 Palmolive dishwashing liquid is introduced and today it is sold in over 35 countries. 1968 Colgate toothpaste adds MFP Fluoride, clinically proven to reduce cavities. 1970 Irish Spring launches in Germany as Irische Frà ¼hling and in Europe as Nordic Spring. In1972, Irish Spring is introduced in North America. 1972 Colgate acquires Hoyt Laboratories, which later becomes Colgate Oral Pharmaceuticals. 1975 Caprice hair care launches in Mexico. Today, hair care products are sold in over 70 countries, with variants to suit every type of hair need. 1976 Colgate-Palmolive acquires Hills Pet Nutrition. Today Hills is the global leader in pet nutrition and veterinary recommendations. 1983 Colgate Plus toothbrush is introduced. Today over 1.6 billion Colgate toothbrushes are sold annually worldwide. If you lined them up end to end, they would circle the globe 16 times. 1985 Protex bar soap is introduced, and today offers all-family antibacterial protection in over 56 countries. Colgate-Palmolive enters into a joint venture with Hong Kong-based Hawley Hazel, a leading oral care company, which adds strength in key Asian markets. 1986 The Chairmans You Can Make A Difference Program is launched, recognizing innovation and exceptional excellence by Colgate people. 1987 Colgate acquires Soft-soap liquid soap business from the Minnetonka Corporation. Today, Colgate is the global leader in liquid hand  soap. 1989 Annual company sale surpassed the $ 5 million mark. 2006 Colgate purchased Toms of maine and entered fast growing naturals segment. Today Colgate with sales Surpasses $ 15 million, focuses on all Oral Care, Personal Care, Home Care, Pet Nutrition. Situational Analysis (SWOT ) Situation Analysis Internal Analysis  Ã‚  Ã‚     Ã‚  Ã‚  External Analysis Strengths  Ã‚   Weaknesses Threats Opportunities   SWOT Analysis is a simple framework for generating strategic alternatives from a situational analysis. The Swot analysis classifies the internal aspects of the company as strengths or weaknesses and the external situational factors as opportunities and threats. Strength can serve as a foundation for building a competitive advantage and weaknesses may hinder it. SWOT Analysis of Colgate -Palmolive:- Strengths:- Brand image is very strong Cash flow-to-sales is free In America market share is approximately half of 100%, It is going very strong in Asia and Europe. Weaknesses:- All Products are recalled It is highly leverages Very low innovation or a follower Opportunities To grow globally oral hygiene market Increasing Spanish people in the US To grow in India, Asian market by tapping personal care. Threats The label growth is private Commodity prices are increasing. A large number of competitors are increasing. Differential advantage / Competitive edge (USP) Strategy USP (Unique Selling Proposition) developed by Rosser Reeves, the advertising heart of New York, Madison Avenue. One of the companies being regarded and honored as one of the global producer of various products especially for personal hygiene is the Colgate-Palmolive With a view to promoting their oral products to their target market, the company has been able to use various marketing strategies approaches. In line with above the line promotions, the company uses television, radio and newspaper advertisements and many more. In addition, the company also promotes their products in famous magazines and internet banner ads as well. It can also be said that Colgate-Palmolive also uses via-the-line promotion approach. This is done by considering a via the line communication approach. The company does this by hiring an advertising agency which helps them to make a better advertising campaign for their products. It can be said that or In a general sense, advertising is being utilized to be able to impart to the consumers the availability of a particular product or service. Colgate-Palmolive pursued a multipronged marketing strategy to support the introduction of Irish Springs reformulated bar and liquid soap. In order to introduce a wide audience to its new image and latest product offerings, Colgate-Palmolive aired television commercials for both products and ran print ads in a variety of magazines. Furthermore, the company especially concentrated on free-standing inserts and product sampling to convince consumers to try the updated Irish Spring. Coupons were an essential aspect of the relaunch of Irish Spring bar soap. In order to make these coupon ads eye-catching, the company included a four-leaf clover shape that could be scratched off-like a lottery ticket-to reveal a savings amount applicable to the product. Appelbaum, Cara, Colgate Tests Its First Deodorant, Irish Spring,  Brandweek,  April 1, 1991. Segmentation Targeting and Positioning (STP) 1) Market Segmentation: The process in which the market is divided distinct subsets of consumers with common needs and selecting many different segments to target with a distinct marketing strategy Levels of market segmentation:    1. Mass Marketing: provides the same product to all consumers like Salt.    2. Segment marketing: provides different products to many segments.    3. Niche Marketing: provides many unique different products but to sub segments    4. Micro-Marketing: it provides product for individual choices. For example, the are different types of shampoo , Colgate is manufacturing including for flat hair , shampoo and conditioner,, dry hair , color treated hair, etc. It shows us that they are implementing segmented marketing concept. 2) Market Targeting:- It is a group of customers that the business  has decided to aim its marketing  efforts and ultimately its merchandise. Geographic:- It depends on region, population, factor, urban conditions etc. On this basis for example, Colgate introduces a sun screen ingredients which protect from sun rays. Demographic:- It comprise age, gender, income , life cycle of family and education. For example young people do not go for hair color treatment. Psychographic:- it depends on persons thinking and what are the Personality characteristic of him. It is a difficult marketing segmentation to implement because sometimes market may not aware of there life style of there people.   Behavioral:- It consists two things a) The benefits desired from the product. b)The rate at which customer is using product. It can be applied on Colgate, the benefits from there toothpaste product are no plaque, no cavities, fresh breath, very low price , good quality and white teeth. 3) Market Positioning:- It means the process by which marketers try to create an image or identity in the minds of their target market for its  product,  brand, or organization. The Colgate people have tried to sustain themselves through tough competition and hard work. Media and advertisement are also responsible to create an image of the Company in the eyes of its customers and competitors. Marketing Objectives and Goals:- SMART Objectives:- The purposes of SMART objectives include: To enable a company to  control  its marketing plan. To help to motivate individuals and teams to reach a common goal. To provide an agreed, consistent focus for all functions of an organization. A simple acronym used to set objectives is called  SMART objectives.  SMART stands for: SMART Goals:- As far as the strategic plan is concerned, the shold be a both kinds of goals like short-term and long term goals. Detailed production, financial and marketing plans usually back these both types of goals. Figure 1.  Elements of a strategic plan Short-term goals Figure 2.  SMART characteristic of effective goals and their work 4 Ps of Marketing 4-P of Marketing  (Borden, 1953) is the fundamental base in the Marketing studies. It can be compared to the Einsteins theory of relativity in Quantum Mechanics. 4 P of marketing is often called as Marketing Mix, because it has the right marketing recipe to successfully launch a product. 4 P of marketing stands for: Product:  Product is any tangible object or any service (intangible) that is manufactured or created to satisfy the consumer needs. It has to have the product variation and the differentiation for different markets. Also the products must be reviewed time to time for its obsolesce and must be discarded with the view of market needs known as product elimination. Similarly, with growing market needs and evolving consumer tastes, companies must innovate their products (Kotler Armstrong, 2010). Price: Price is the amount of money that is paid by the customer to seller which varies on different distribution channel (Kotler Armstrong, 2010). Several factors have impact while determining the price of the product or service, which are an organizations market share, the number and strategy of the competitors, the raw material costs and most importantly the perception of the product value in the eyes of the customer. There are various pricing methods used by Organizations currently Cost recovery Pricing:  Cost recovery pricing Is the pricing method followed by marketers such that they recover the cost of the product and put a small profit margin on it to finalize the pricing of the product. For example some firm incurred the cost of $100 per product they would like to have a profit of $20, then the pricing will be $120. Penetration Pricing:-  Penetration Pricing is the pricing method, in which the price is decreased abruptly so to penetrate the market and achieve greater market share. Company with deep pockets when entering a new market often practices this pricing, at times the price may be lower than the cost of the product. The profitability can be achieved later due to monopolistic situation or by cross selling their other products (Kotler, 2003). Price skimming:  Price skimming is the pricing policy adopted by the organization so that they first launch the new product at very high price so that early adopters can buy the product and then they subsequently decrease the price to get late bloomers buying the product. This pricing is practiced mostly by technology firms and is observed with the launch of new products. Place:   Place represents the location where a consumer can buy the product. It can be a physical store where the consumer can visit or can be a virtual store like a website on internet .It is often referred as distribution channel as it actually is the channel through which the product is received by the consumer (Kotler Armstrong, 2010). A place can be utilized for direct as well as indirect selling. And the place can often take the shape of e-commerce altogether. Promotion:  Promotion is a communication means adopted by the marketer to communicate about the product, brand or organization to the consumers. Promotion has following four distinct elements. Advertising, personal Selling, Public relations and Sales Promotion, which can be used as such or can be used in combination to promote the product (Pride Ferrell, 1983). Conclusion: In Conclusion, Colgate Company is a typical market oriented company, operating in more than 200 countries. They are providing many new employee oriented programs both for senior level and entry level people. They are aware of their social and ethical responsibilities. They are managing the consumer and business market in an effective manner. They face their competitors and feel proud to take it as a challenge. They feel pride in making their customers happy. They know how to conduct their business in international communities. They maintain levels of the CRM at the company to ensure good customer support. The way they have proved themselves in consumer, business and international markets, they still have a high aim to attain more and more. Bibliography (with references):- Armstrong G, Kotler P (2010), Marketing: An Introduction. 10th end New Jersey. Appelbaum, Cara, Colgate Tests Its First Deodorant, Irish Spring,  Brandweek,  April 1, 1991. Goldberg Mc Calley, 1992 Houghton Mifflin ,John Wiley. (Kotler, 2003), Kotler P (2003) Kotler Armstrong, 2010 Neumann Sumser ,2002 Prentice Hall Pride W M, Ferrell O.C (1983) Marketing: Basic Concepts and Decisions. Texas. Shimp, 2003 Schultz D E, Tannenbaum S, Lauterborn R (1992) Integrated Marketing Communications. Illinois. NTC Publishing url= url=http://www.learnmarketing.net/ url=http://www.scribd.com/doc/32849771/Marketing-strategies-of-Colgate url=http://www.scribd.com/doc/30225401/Colgate-Palmolive-Marketing-Project#fullscreen:on url=http://www.solidpapers.com/collegepapers/Marketing/10625.htm url=http://www.wikiswot.com/SWOT/3_Consumer_Packaged_Goods_(CPGs)/Colgate-Palmolive.html url= http://ivythesis.typepad.com/term_paper_topics/2010/06/marketing-campaign-analysis-of-.html .

hHCS 405 WK Individual Assignment Essay

Reducing agency staff, I choose this budget cut because it leaves more positions open for the facilities own staff and this form of help is a high cost, twice as high a regular hospital staff but each open job is continually monitored to determine if that position needs to be filled. Changing the skill mix, this option allows for unlicensed assistive personnel to address economic realities. This cost cutting choice option allows for nurse to be able to delegate minor jobs in order focus on more complicated ones (University of Phoenix, 2013). Which loan option did you select? Why? Loan option 1, this loan actually allowed for a longer period of repaying the loan, even if it has 9.45% interest rate, as option 2 does not give you the ability for the three month loan closure and it needs to be repaid in six months’ time. Being that this is a facility which needs flexibility option 1 provides the best possible alternative for achieving substantial financial grounds (University of Phoenix, 2013). What was the outcome of your decision? The outcome for my decision was that it was in good health for EFC. The decision to reduce a portion of agency contract staff was good because it decreases outflow of cash through expenses without hurting or decreasing the facilities actual revenue by saving on premiums it pays to staffing agencies and their management fees so it is a huge cost saver. Changing the skill mix made for a good budget saver for Elijah Heart Center because it helps save the company money in the long haul. There will be an increase in costs in the beginning in regards to the less o hospital training, but overall workers can assist with the registered nurses with simple tasks like, feeding and the moving of patients. Licensed nurses can focus more on the more complicated task such as those directly affecting or related to patient care. As for my loan option it was the best choice for solving the hospital’s capital shortfall because EHC will receive $2,300,000 as payments from Medicare and other managed care organizations within three months. This will undoubtly solve Elijah Heart Center cash flow problem, were as option two could not be prepaid in six months (University of Phoenix, 2013). Phase II: Funding Options for Equipment Acquisition Which cost-effective equipment selections did you make? Why? High speed-CT Scanner Refurbished Equipment Loan, this option I felt was best because the technology advancement for this machine is not expected to change much and the cost is high to buy new $750,000 and its life expectancy is around 10 years if brought new. Therefore buying new can greatly affect the hospital’s finances and getting equipment that is refurbished is much more cost saving with a 30 – 50 percent cheaper sale tag and it decreases staff training costs. X-Ray Machine-Capital Lease, seems to be the best option for this equipment because the likely hood of needing to be upgraded or changed is low and it life expectancy is 15 right around years the cost of this machine is 320,000, so a capital lease just makes more sense than the rest plus this form of leasing allows the company to be able to have the option to purchase the equipment at a bargain purchase option and the; lease itself is transferred at the end of the lease automatically. & Ultrasound System-Operating Lease, this is the best option for this equipment because this can be a device equipment that can have an technical advancement or change in the long run and using other methods could make purchasing this equipment worthless in the future event of advances in technology so it would be a loss cause or investment to have reflect on the balance sheet or to buy new or refurbished. This form of obtaining the equipment is treated s a rental and is not included on the balance sheet as with a capital lease and there is no bargain purchase option either (University of Phoenix, 2013). What was the outcome of your decision? The outcome of my decision was the best possible choices for the company as the high speed CT scanner being refurbished allowed for the equipment to be purchased cheaper than being brought new. As for getting the x-ray machine on a capital lease makes this the best option because higher present value compared to the operating lease or buying refurbished equipment and the business has the option of buying the equipment at a bargain price or taking up a new lease and with the life expectancy of this machine being 15 years with little or low possibility of change it makes for a good investment and means of saving finances in the long run. Last on the list is the ultrasound system getting an operating lease is best suited for the company because it allows for an upgrade. The option of the operating lease helps in taking care of technological obsolescence (University of Phoenix, 2013). Phase III: Funding Options for Capital Expansion Which source of funding did you select? Why? HUD 242 Loan Insurance Program I choose because the hospital can payoff this loan before its time without precautions and it allows the facility to be able to do this after eight years. Although its rate were cheaper than a private bank loan and higher than the tax-exempt and revenue bonds it allowed for a year advantage of loan payoff over tax-exempt, as well as not putting a limit on the period of use for the funds interest rate is lower than both other options setting at a 3.90 percent and tax-exempt is 4.18 percent, and private bank funding is 4.50 percent (University of Phoenix, 2013). What was the outcome of your selection? The outcome for my decision was that this funding option was a healthy choice, as well as the best possible option for Elijah Heart Center (EHC). Benefits were that the option was callable after years instead of tens and that if the interest rates were to decrease it would be possible for the organization to buy back the bonds and reissue the debt making it more profitable for Elijah Heart Center (University of Phoenix, 2013). Summary and Conclusions What did you learn from this simulation? I learned that buy choosing the best options for the business I am able to better provide equipment, workers, and finances for acquiring equipment, expansion and staffing of the facility. What would you do differently if you performed the simulation again? If I were to reduce this again I would not change anything as the other options badly affected the budget and other mixtures were not good ones they decreased cost but keep dipping as months went by, which would ultimately affect the overall finances for the business thus creating issues such as down-sizing being a reality and or the reduction of benefits to staff and reducing length of stay really does not have an effect on saving or benefiting the company at all. How will you apply what you learned at your current or future job? I could apply what I have learned at my future job by keeping the result and notes for my simulation as a guide for planning and determining how to spend revenue earned or needed to keep my business operational. As well as being able to suggest possible ways and ideas for saving my current business money were equipment and loans are of use. In my future job/business I plan on running my own CMA/CNA facility this can help me with determining the best loans to get for equipment, supplies, and materials needed to run a fully functioning and profitable business. I can sue this simulation to decide on the best way to get those supplies, equipment by determining the cost for leasing or buying new or used equipment. I will be allowed to make a more clear and informed decision about my current and future business ventures. Once I get into a medical facility and staff thoughts and decisions are taken into consideration for future changes I will be able to give an realistic suggestion or idea for changes that can affect staff’s jobs, future positions, benefits, and care and treatment of patients. . Reference University of Phoenix. (2013). Analyzing Financial Indicators for Decision Making [Multimedia]. Retrieved from University of Phoenix, HCS/405 Health Care Financial Accounting website.

Concession at Glastonbury Festival

Introduction Glastonbury festival Of Contemporary Performing Art is one of the most known music festivals in the world. The festival it self takes part in worthy farm which is a dairy farm during the year; is in the region of Somerset which is situated in southwest England. The festival from 1981 has been organised by the local farmer and site owner Michael Eavis (Martin, 2009). Micheal Eavis is also the owner of Glastonbury Festival LTD the company that is in charge of the organization and the distribution of the varies concessions around the event site. Philip m. , 2013) Since 2002 festival republic which is a company that consist in the merging of (live Nation and MCD) takes care of the managing the logistic, security, and 40% of the concessionary stakes in the festival. (stroke, 2013). Food and beverage stalls Concession for the stall and Glastonbury have a very different type of price depending on the size and what the stall his selling. There are two types of stall A typical se lls food and beverage and is set at ? 1000 per day out side the events cite. And 2500? f is inside the event cite. Also the owner of the stall must comply with the regulations regarding the waste management and water management. A Stand needs to do an investment of ? 4000 to have is stall with the right regulations. (Bodwin, 2008) But once the stands have given the concession the owner can make a very good amount of money. The concessions for the stand are all the same but generally speaking if your stand is more green, environmental and alternative, the cheaper the rent is going to be in could go down to ? 00 to non like a stall specialized in dairy farming products. (Murray, 2009) There are about 800 stalls, which they been release the concessions to sell their products during Glastonbury Festival. (Lee, 2010) The bars at Glastonbury Concert is organise by Workers Beer Company which is sponsor by Carlsberg the leasing that hey give to contribute to the festival is around ? 500. 00 0 (Wanddworthy, 2012) Goods and services stalls A type B stall sells any types of good and services that can be need it during the event. This can vary from Tabaco reseller, to Tend fixing ssistant, books, papers, gadgets, flags and alcohol. For this stands Festival republic is in charge on giving them specific rules and regulations regarding the Concessions. The standard price is also set from ? 1000 to a maximum of ? 3000 there is a option that the owner of the stall could undertake and is that to partner with one of the sponsors of Glastonbury like; Oxfam, Water Aid and green peace is to donate part of the stall money to there Couse and they will be ready to pay for there stall rent for all the event. Caravans inside Glastonbury festivalThe parking of the caravans is accepted but only on the out skirts of the event. Glastonbury festival LTD releases upon request a caravan concession but they need to follow specific criteria’s: Each person entering must have a weekend Festi val ticket holder. And this concession will only be release if the ticket older will sleep in the vehicles and have a fitted sleeping and cooking facilities. The cost of this special concession given to the caravans is of ? 85 for the entire event. There is a reduction of the price for physically challenged people.Which is ? 65 that is also valid for all the event time. Each car is allowed to have one car but there is an additional parking ticket of ? 20 for each car. (Philip m. , 2013) Pre Erected tend service Since Glastonbury festival LTD understands that camping is one of the most entertainment and exiting things of the festival. Not everybody would have a tend so they have release a concession to Argos to rent tends to who would wish to rent them. This is a very good opportunity for business for Argos but they need to pay to Glastonbury Festival ? 100. 00 in order to have the permission to erect there tends inside the camping cites. The ticket holders then they can easily rent a tend inside an Argos story or buy calling an hotline. The price for renting of the tend strictly depends on the occupancy of people Inside it. For a standard 2 person Cloud House is ? 300 for 5 nights and those are the most popular and they tend to sell out very quickly. Then there the choose of a 4 person bell ten which comes with a cost of ? 500. For the biggest tend that can hold 8 people inside which is a dome tent is ? 00 for 5 nights. Argos have about 7. 000 tends to lease and the get all sold out. (Philip m. , 2013) Electrical Power and stages Mr Michael Eavis is famouse for Glastonbury Festival of contemporary Arts for his ability to create an event that is unique for the industry since his almost 70% sustainable (Philip M. , Our-green. policies, 2013) Eavis’ have installed 1,116 solar panels which have been installed on the roof of the cowshed. The 1. 500-acre site effectively will bring the Glastonbury festival to be has ecologically as possible.The solar power en ergy well produce about 200 diesel-powered generators and will be able to produce enough electrical power to make sure than more than one band can play, The sound systems on site have a total power of 650,000 watts, with the main stage having 250 speakers. Also the food-and-drink suppliers will be able to operate there stalls when the lights of the day will go down. (Morris, 2010). Mr Eavis have given the concession to build such infrastructure in his farm to SOLAR PANEL UK with the collaboration of Greenpeace.The estimate investment plus the permission to install such infrastructure was about ? 40m. (UK, 2012) The project is very important because the name of solar panel will become part of the official sponsor for the festival. Also green peaces have the chance to promote suitability in the UK. Solar panel gets given 25% of the made from the concert. Conclusion Glastonbury Festival of performance of contemporary arts is a very well establish event. Has been running for over 40 yea rs. And every year them seem to improve in many aspects

Reference Guide for Pharmacy Technician Exam Essay

Reference Guide for Pharmacy Technician Exam Krisman REFERENCE GUIDE FOR PHARMACY TECHNICIAN EXAM EDITION 2014-2015 (Covers an updated 2013-PTCB Blue Print) MANAN SHROFF www.pharmacyexam.com 1 Reference Guide for Pharmacy Technician Exam Krisman This reference guide is not intended as a substitute for the advice of a physician. Students or readers must consult their physicians about any existing problem. Do not use any information in this reference guide for any kind of self treatment. Do not administer any dose of mentioned drugs in this reference guide without consulting your physician. This is only a review guide for preparation for the pharmacy technician board exam. The author of this reference guide†¦show more content†¦Thrombocytopenia: A low platelets count in blood. Ventricular arrhythmia: Irregular movements of left ventricles of the heart. 2-ANTIARRHYTHMIC AGENTS M/A: This class of agents is indicated for the treatment of an irregular heart rhythm. Brand Generic Cordarone Amiodarone Norpace Disopyramide dryShow MoreRelatedOrganizational Leadership and Interprofessional Team Development10384 Words   |  42 Pagesprojects ongoing and I could not locate any policy or procedure addressing the management or risk construction has on a hospital. MCHS has medication policies and procedures in place with licensed trained pharmacy supervisors in house at all times. Pharmacy services and medication use comply with laws. All medications are prescribed by license individuals. There are policies and procedures in place for medication reconciliation, unavailability of medication, medicationRead More2006 Arroyo Case Study31910 Words   |  128 Pagestechnology management and support; HR Leaders, Inc., for qualified contract staff; Gil’s Garage for repair and maintenance of vans; Shiny Clean for indoor and outdoor custodial services; and MedProducts, Inc., for medical and dental supplies and pharmacy and lab services. Partners include CactusCom (a large telecommunications company), Winding River Casinos, Saguaro State University, a regional pharmaceutical company, several local community colleges, and community hospitals. D. DescriptionRead More2006 Arroyo Case Study31910 Words   |  128 Pagestechnology management and support; HR Leaders, Inc., for qualified contract staff; Gil’s Garage for repair and maintenance of vans; Shiny Clean for indoor and outdoor custodial services; and MedProducts, Inc., for medical and dental supplies and pharmacy and lab services. Partners include CactusCom (a large telecommunications company), Winding River Casinos, Saguaro State University, a regional pharmaceutical company, several local community colleges, and community hospitals. D. Description of theRead MoreProceedings Of The Second Conference On Human Capital Development9482 Words   |  38 Pagesreintegration of self concept. The oxford dictionary defines ‘self’ as a person’s essential being that distinguishes them from others. Knowing yourself means knowing your interest, character, challenges, limitations and potentialities which will guide you in your self-development not only in our chosen careers but in all facets of our lives. What then is self development? Self development is a life-long process which includes activities, training, learning etc that improve awareness and identityRead MoreNursing Essay41677 Words   |  167 Pagesa transformation of many aspects of the health care system. This is especially true for the nursing profession, which, with more than 3 million members, represents the largest segment of the health care workforce. This summary does not include references. Citations for the findings presented in the summary appear in the subsequent report chapters. PREPUBLICATION COPY: UNCORRECTED PROOFS S-1 1 Copyright  © National Academy of Sciences. All rights reserved. The Future of Nursing: Leading ChangeRead MoreHuman Resources Management150900 Words   |  604 Pagesfacing shortages of qualified, 6 Section 1 HR Management—Strategies and Environment experienced workers. Jobs with extreme supply shortages for several years have included specialized information systems technicians, physical therapists, plumbers, air conditioning repair technicians, and many others. Consequently, HR professionals have faced greater pressures to recruit and train workers. LOGGING ON . . . Workforce Composition Data on workforce composition and trends from the U.S. DepartmentRead MoreCase Study Essay33967 Words   |  136 Pagesaccident (CVA). Warfarin is given to prevent thrombus formation. CASE STUDY PROGRESS K.N. calls your anticoagulation clinic to report a nosebleed that is hard to stop. You ask him to come into the office to check his coagulation levels. The laboratory technician draws a PT/INR test. 3. What is a PT/INR test, and what are the expected levels for K.N.? What is the purpose of the INR? PT stands for â€Å"prothrombin time† and is used to monitor the adequacy of warfarin therapy. However, PT results can vary fromRead MoreMedicare Policy Analysis447966 Words   |  1792 Pagesthe 5 Public Health Service Act, part 6 of subtitle B of 6 title I of Employee Retirement Income Security Act 7 of 1974, and chapter 100 of the Internal Revenue 8 Code of 1986 (and any other provision of law that 9 references such provisions) in the same manner as 10 if it were coverage under a State health benefits risk 11 pool described in section 2701(c)(1)(G) of the Public 12 Health Service Act. 13 (h) FUNDING; TERMINATION OF AUTHORITY.— Read MoreFundamentals of Hrm263904 Words   |  1056 Pagesto provide a background in the functional areas identified by the HR Certification Institute (HRCI) for the exams for certification for Professional in Human Resources (PHR), Senior Professional in Human Resources (SPHR) and Global Professional in Human Resources (GPHR). Our goal has been to produce a text that addresses these critical foundations of HRM, yet provide the most current reference possible for the dynamic present and unpredictable future environment of HRM. All research has been updatedRead MoreVolvo Marketing Strategy36220 Words   |  145 Pages.......................................................................................... 58 Replicability ........................................................................................................................... 58 9. References .......................................................................................................................... 60 10. Appendixes ....................................................................................................

Jones Blair - Strategic Marketing Management - 1108 Words

This case is discussing the U.S. paint industry and especially the case of Jones Blair Company under the direction of Alexander Barrett. This industry contains almost 600 paints firms and is divided into three broad segments: architectural coatings, original equipment manufacturing coatings, and special-purpose coatings where each segment serves a specific need. Jones Blair Company produces and markets architectural paint and original equipment manufacturing coatings under the Jones Blair brand name. In addition to manufacturing a full line of architectural paint, the company sells sundries under Jones Blair brand name but not produced by their firm. Jones Blair Company divided the market, which contains more than 1200 outlets, into†¦show more content†¦He could get information from the internet, friends through word of mouth, advertisements in newspaper or magazines or even on media, from professionals, from retailers. Decide on store: here comes the most important and difficult decision to do. Big stores like WAL-MART may affect the decision taken because of the location, offers, and other factors. Thus, many factors may affect the consumer decision other than the quality and prices. After doing all this analysis, consumer must match his budget with the chosen alternative whether he could purchase it or not. Decide on product: in this step, consumer purchases the chosen alternative. The marketing mix of Jones Blair Company: Price: Jones Blair Company has now the highest prices of paint in this industry. Products: The architectural coatings and the original equipment manufacturing coatings are used for durable goods like automobiles, trucks, transportation equipment, furniture, and fixtures, metal containers and building products, industrial machinery and equipments. Moreover, the company sells sundries such as brushes, rollers, paint removers and thinners. Distribution: Jones Blair Company markets its paint and sundry in over 50 countries in Texas, Oklahoma, New Mexico, and Louisiana from its plant and headquarters in Dallas, Texas. The company distributesShow MoreRelatedJones-Blair Case Anaylsis1598 Words   |  7 PagesTierha Jones Thursday, July 26, 2012 Jones-Blair Company Case Analysis Graduate Marketing Class Snell Jones-Blair Company Case Analysis Strategic Issues and Problems: The Jones Blair Company competes in a 50-county area throughout Texas, Oklahoma, New Mexico, and Louisiana. Their major business and financial center is located in eleven county Dallas-Fort Worth metropolitan areas. Jones Blair Company is a privately held corporation that produces and markets paint under the Jones-Blair brandRead MoreUnity And Delta s Situations1530 Words   |  7 Pagesof UNITY Unity is one of the few providers of global shareholder and employee management services in the world. Unity, which has over 8000 employees and a market capitalization of approximately $2bn, administered over 60 million shareholder accounts for over 10,000 corporations in 12 different countries. Unity provided full range of transfer agency services, regular shareholder services, employee share plan management services, branding services, corporate action services and any manner of complexRead MoreRole Of Branding On Consumer Buying Behaviour Among Textile Ghana Fabric Users Essay1090 Words   |  5 PagesAwunyo-Vitor, D. (2014). Assessing the role of branding in the marketing of pharmaceutical products in Ghana: A case of three pharmaceutical companies. African journal of business management. vol 8(13): 502-510: doi: 10.5897/AJBM2013.7297 Artz, K.W., Norman, P.M., Hatfield, D.E. and Cardinal, L.B., (2010) â€Å"A longitudinal Study of the Impact of RD, Patents, and Product innovation on form Performance†, Journal of Product Innovation Management, Vol. 27, no.5, pp. 725–740. Doi:10.1111/j.540-5885.2010.00747Read MoreAnalyzing the Decision Making Process2190 Words   |  9 Pagestendency to †¦make specific inferences on the basis of an overall impression, Rosenzweig explains on page 8 of his peer-reviewed article. Psychologist Edward Thorndike originated the halo effect in 1920, and this is not an effect that is limited to marketing; in fact the halo effect is to be found in a number of walks of life, Rosenzweig continues. I had an impression that the jewelry I was wearing brought so many smiles and positive comments from women that my impression was very positive and motivatedRead MoreMarketing Management Strategy of L’oreal Groups2776 Words   |  12 PagesMarketing Management Strategy of L ’Oreal Groups Introduction Many cosmetic brands are popping up recently, perhaps, due to the increasing consumers of products that beautify and enhance the physical appearance of a person. Even though the market is already full of the said cosmetic brands, the company L’Oreal Groups could still be considered as the leading supplier of cosmetics and hair-color. This study is a brief overview of the marketing concepts and strategy of the said company. The companyRead MoreIkea Strategic Position3791 Words   |  16 PagesStrategic Management 1 | Assignment 2 | The purpose of this paper is to conduct a position analysis of the IKEA Corporation. It presents a profile of the company operations, identifies its strategic issues and challenges and analyses strategies which it has contributed to it gaining a competitive advantage. | | WORD COUNT: 3139 STUDENT ID | 8/26/2011 | | INTRODUCTION IKEA is a privately held, international home products company that designs and sellsRead MoreSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 PagesFirst Book of C++, 4th Edition_Gary J. Bronson (SM+TB+IM) A First Course in the Finite Element Method, 5th Edition_Daryl L. Logan (SM) A First Course in the Finite Element Method, SI Version, 5th Edition_ Daryl L. Logan (SM) A Framework for Marketing Management, 4E_Philip R Kotler,Kevin Lane Keller (TB) A Friendly Introduction to Numerical Analysis,Brian Bradie (ISM) A Guide to International Financial Reporting Standards, 3rd Edition_Belverd E. Needles, Marian Powers (SM+TB) A Guide to ModernRead MoreThe News Corporation - Strategic Analysis7537 Words   |  31 PagesCase 2 The News Corporation Case 2 Strategic Management in the Media The News Corporation Leeuwarden March 23, 2011 Content Executive Summary 4 Introduction 1 1. What where the most important occurrences in the past and how did the new corporation adjust to the new situation? 2 1.1 Key historical developments and recent developments 2 1.2 Recent developments 3 1.3 Historical analysis 5 2. What are the global and corporate strategies ensuring a successful developmentRead MoreExpansion of the Spanish Clothing Retailer Zara in5051 Words   |  21 Pagescountry and the competition of the current clothing lines available in the market.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In order to solve such complexities, the solution is to implement strategic marketing approach in terms of advertisement and promotion to make the target market become aware of the existence of the product in the marketplace. In addition, strategic market planning can also be attributed as a better solution to ensure that the product will be introduced effectively. The only problem that is unsolved is toRead MoreMedical Tourism22177 Words   |  89 Pages.......... 5 Chapter Summary.................................................................................... 6 Introduction ................................................................................................. 7 Traditional strategic management ........................................................ 7 The services sector .............................................................................. 7 Criticism of Porter’s Five Forces ............................... ..............

Advertisement Analysis Slicing The Prices - 1237 Words

Slicing the Prices In a recent issue of Men’s health magazine, Gillette has posted an appealing advertisement. The advertisement Gillette has posted is for their price change in razors. The advertisement is a straightforward design with three razors on the left-hand side of the page, large text saying, â€Å"Get the shave you love for our lowest prices in years† on the top, and finally the company name on the right. The advertisement does not give a specific price. The promises of an insubstantial value in addition to the light humor makes this an effective advertisement that will remain in the subconscious of future consumers. As most readers of a magazine normally disregard the advertisements displayed, companies must find ways to convey†¦show more content†¦After reading the bottom paragraph, the advertisement communicates â€Å"we’d prefer to tell you exactly how much† meaning Gillette could not provide the value of the product as the prices a re dependent on location and market. A type of claim used by Gillette in this advertisement is an empty or unfinished claim. An example of an unfinished claim is â€Å"the best a man can get†. The core audience of Men’s health magazine is adult men, likely in college or above. The magazine provides information about health, fitness and men’s fashion. The audience of this magazine are likely belongers, and emulators. The target audience of this advertisement is known as sustainers, Belongers, and loosely the emulators. The sustainers have little disposable currency. They are known to impiously purchase cheaper products to save as much money as possible. They are likely to be a candidate to purchase the product because of the advertisement stating, â€Å"lowest prices in years†. They are also the most prominent customer at Walmart, which sells the Gillette brand. Walmart is one of the world’s largest markets which makes their customer base a likely t arget. A better candidate of this advertisement would be the belongers. Belongers are usually from the middle class who has more income to spend than the sustainers. Like the sustainer, they are likely going toShow MoreRelatedInformation About Data Mining And Knowledge Discovery3226 Words   |  13 Pagesthe technology on the use of information at Di Stefano cafe 6 2.3 Impact of the technology on the managers 6 2.4 Business strategy implications associated with the technology 7 2.5 Data mining simplified model for knowledge discovery based on OLAP analysis 8 3.0 Conclusions and recommendations 15 Executive summary This report focuses on the various advantages associated with the adoption and implementation of data warehousing and data mining technologies at Di Stefano cafe. Specifically, theRead MoreAutomatic Chocolate Vending Machine (Avcm)3442 Words   |  14 Pages * The price of chocolate increases * The message lines need to be changed or * Machine features changes. Fig.1. a)Basic system(ACVS) of an Automatic Chocolate Vending Machine Fig .1. b)Input and Output Ports at the ACVM Reprogram of the codes and relocation of the codes * The system ROM or flash or EPROM whenever the following happens: (i) the price of chocolate increases, (ii) the message lines or menus or advertisement graphics needsRead MorePotato Chips Manufacturing Unit in Pakistan5476 Words   |  22 Pagesfacilities, due to which a substantial proportion of production is wasted. The combination of inadequate storage facilities and an under-developed processing industry leads to volatility in prices, given that not all of the excess production can be stored or processed for consumption during the off-season. The following analysis will illustrate the current state of the potato production in Pakistan. Pakistan annually produces about 2 million tons of potatoes. Though varying from year to year, area and productionRead MoreCashew Bread: a Feasibility Study6936 Words   |  28 Pagespartners contributed Php 2,000,000.00 each. Gantt chart The business will be pre-operated for six month, starting from June. In the inception of the business the partners will choose the kind of business operation that will be used. There was an analysis of the feasibility project that lasted 7 weeks. The partners prepared the necessary equity and funding of the business. Next, was the submission of the requirements to the local government of Antipolo and to the other agencies that are concernedRead MorePage: Meat and Beef Products8094 Words   |  33 PagesTable of Contents Kamp;N’S BEEF BRAND 2 PEST ANALYSIS 2 Political Factors: 2 Economic Factors: 2 Social Factors: 3 Technological Factors: 3 PORTER’S FIVE FORCES MODEL 4 SWOT ANALYSIS OF K amp; N’S 4 Strengths: 4 Weaknesses: 5 Opportunities: 5 Threats: 6 TARGET MARKET AND SEGMENTATION 6 POSITONING 7 Perceptual Maps 7 Brand personality 8 COMPETITOR ANALYSIS 8 METRO: 8 CITY SUPER MART: 9 LOCAL BUTCHER SHOPS: 10 PRICING 15 PLACEMENT 18 PROMOTION 18 STORY BOARD OF OUR ADVERTIZEMENT:Read MoreE Commerce : The World Wide Web1966 Words   |  8 Pagesetc. But it will become increasingly fragmented in the future. The platforms and the walled gardens like Facebook, Windows, Android, iOS, Medium, Twitter, Netflix, Spotify, Pinterest etc. all will become the gatekeepers of revenue and distribution, slicing the Web into their own powerful regions of influence. The next big thing in the future for the web will be education for everyone. The Web gives lifelong learners the tools to become self-taught great thinkers in history such as Albert Einstein, AlexanderRead MorePUFFERS PASTRY And Caffe Business PLAN5289 Words   |  22 Pages  which are seeking superior product at an affordable price within the business community and general shoppers. The interest by consumers in the coffee house industry is sweeping the city. Puffers are positioned to bring this to the Bundoora area. To date it has been confined to the Central and East areas. Puffers will provide a friendly, comfortable atmosphere where the customer can receive quality food, service and entertainment at a reasonable price. The coffee house will offer a variety of choicesRead MoreHow to Increase Retail Sales5817 Words   |  24 PagesssHow to Increase Sales in Retail with Market Basket Analysis Marko Svetina, JoÃ… ¾e ZupanÄ iÄ  Merkur d.d. C. na Okroglo 7, Naklo, Slovenia marko.svetina@merkur.si University of Maribor, Faculty of Organizational Sciences KidriÄ eva cesta 55a, Kranj, Slovenia joze.zupancic@fov.uni-mb.si Abstract: This paper investigates market basket analysis as an important component of analytical CRM in retail organizations. It presents the case of the company Merkur d.d., Slovenia, a trading company dealing in itemsRead MoreKerafed Projecct9056 Words   |  37 Pagesworking of an organization. 1.3. CHAPTER SCHEME CHAPTER 1 – INTRODUCTION CHAPTER 2 – INDUSTRY PROFILE CHAPTER 3 – COMPANY PROFILE CHAPTER 4 – PRODUCT PROFILE CHAPTER 5 – ORGANIZATION STRUCTURE CHAPTER 6 – DEPARTMENTAL PROFILE CHAPTER 7 – SWOT ANALYSIS CHAPTER 8 – FINDINGS AND SUGGESTIONS CHAPTER 9 – CONCLUSION CHAPTER 10 – BIBLIOGRAPHY 1.4. OBJECTIVES OF THE STUDY * To study about the organization and how it functions. * To understand the various functions of departments. * To understandRead Morea feasibility study in tilapia longganisa13862 Words   |  56 Pageschorizos, longanizas, sobrasadas, morcillas, butiffaras, salchichas and salchichones.2 The researcher of this product chose to conduct this study with the following reasons: first, to make a new product ready to compete with leading brands at a cheaper price. Second, to make others aware that there are a lot of benefits we can get from a tilapia. Third, to open the mind of the people that we can manufacture products without the help of machines which consumes a lot of electricity and pollutes air through

Troubled Retail Food Group faces †Free Samples to Students

Question: Discuss about the Troubled Retail Food Group faces. Answer: Introduction: Retail Food Group, or RFG, is a global food and beverage company, having its headquarters in Australia. It is the largest multiband retail food franchise in the nation, along with being a roaster and a supplier of high quality coffee products. The company is also coming out as a leader in the wholesale bakery sectors, foodservices and dairy processing (RFG, 2018). Even with so much working in its favour, RFB has been in the headlines in the recent times, particularly regarding the potential class actions by the different parties. This report focused on what these issues had been and the major developments in this context. Once this is done, the report would shed light on the regulatory authority which might be involved in the possible investigation. And lastly, before concluding, the possible remedies in such situation would be discussed. RFG is present a troubled franchisor, which is facing possible class action owing to the accusations regarding the group misleading its investors regarding the manner in which the business model of RFG would affect the store owners. Investigations have already been started against the Donut King and Gloria Jeans chains by Maurice Blackburn in a clash action on shareholders behalf. There is another class action being investigated by Bannister, a law firm (Rask Media, 2018). All this happened in the light of the shares of RFG tumbling once the revelation regarding a secret deal being made by Fairfax Media with a former executive for managing stores came out. The troubled owners of Donut King and Gloria Jeans chains failed to inform their shareholders that the business was being done with a private company, which was being run by former executive, who also had been the partner of long standing boss of the company. This deal came to light in context of RFG and Exit 57 Investments of Alic ia Atkinson after the collapse of private company collapsed (Danckert, 2018a). It was stated by Ben Slade, the Maurice Blackburn principal that the class action investigation would be for the shareholders who had purchased shares back in June 2015 to this years February on the allegations of breaching the continuous disclosures (Pash, 2018). The shares of RFG fell badly on consecutive days due to this possible class action looming in the future of the company. The crux of this matter was the deal between Atkinson and RFG, which fell through, resulting in company getting a $2.8 million tax debt and stated that RFG subsidiary owed $1.6 million. The deal between Exit 57 and RFG was such that the former had to temporarily manage the stores, which included the ones abandoned by RFG. This deal took place in 2014 and was ended in 2015 and 2016. In 2016, Alford stepped down from the position of managing director, but he continued to be a director of company till July 2017, after which he left the company. All this had been valid and of no problem, if the requisite disc losures had been made. But the annual reports of last five years of RFG made no mention of Exit 57 and the arrangement had not been listed in the related party dealings of the company. The company failed in taking the reporting obligations in serious manner, even when it is an ASX listed company (Danckert, 2018b). The issue in this case majorly revolves around the potential breach of Regulatory Guide 76, which is related to related party transactions. Every listed company on Australian Stock Exchange is required to follow RG 76, in addition to the provisions which had been laid down in the Corporations Act, 2001. Based on this, there is a need to disclose the transactions which take place with the related party, and to take necessary permission before such transactions are entered into. Section 208 of the Corporations Act, 2001 provide that an entity controlled by public company, or a public company in itself is required to give the financial benefit to the public companys financial benefit. This requires members of the company to approve transactions as have been covered under section 217-227; unless the financial benefit falls in exceptions covered under sections 210-216. There are also statutory duties imposed on directors of the companies through sections 180-184 of this act, and the commo n law duties, regarding it being a duty of the directors of the company to take approval and to disclose of such matters (ASIC, 2011). Regulatory Authority In the event where the aforementioned sections and regulations are not complied with by any organization, a case can be raised against the directors and the company for the breach of pertinent sections to the ASIC, i.e. Australian Securities and Investments Commission. So, the potential class action can be initially brought to the ASIC as it is the regulatory body which looks into the breaches of Corporations Act, and also that of the breaches of the regulatory guides which the ASX listed companies have to follow (ASIC, 2011). Upon a case being raised before the ASIC, a fully fledged investigation would be launched into the affairs of RFG. Apart from this, the role of different directors, particularly the former executive who also had been the partner of long standing boss of the company, would be under investigation. This would be in particular reference to the breach of director duties. The reason for a breach of director duties being investigated upon in this case against RFG stems from the fact that the Corporations Act bestows important duties which the directors have to abide by. These include the civil obligation of duty of care and diligence under section 180; good faith under section 181; use of position under section 182; use of information under section 183; and criminal offence for breach of good faith, and use of position and information under section 184 (Cassidy, 2006). Where the significant matters like related party transactions are not disclosed in a proper manner by the directors of the company, before the shareholders, and the requisite permission is not taken from the shareholders, it shows that the directors had not worked in a diligent and careful manner. This also shows that the lack of good faith being deployed, and the misuse of both position and information of company. The severity of this matter would also attract the criminal penalties, in addition to the civil penalties (Paolini, 2014). Apart from the directors duties, the provisions covered under section 208 were also beached by RFG as they did not take the relevant approval from the members in accordance with section 230 of this act (Federal Register of Legislation, 2018). Apart from the legislative requirements, the regulatory guide was also contravened, giving ASIC the full chance of raising claims against RFG for breaching the regulatory requirements in terms of Corporations Act and ASX Listing Rules (ASIC, 2011). Possible remedies Whenever a claim is made against the company or the directors in context of the aforementioned provisions, there are certain defences which the parties can claim, to safeguard against possible liabilities attached with these claims. RFG too is ready to defend this class action vigorously (RFG, 2018b). For instance, the directors can make use of the business judgement rule given under section 180(2) of the Corporations Act (CCH Australia, 2011). By using this section, the directors can show that they undertook the business decision after carefully analysing the situation based on their skill level and based on the information provided by others, which they analysed on the basis of their knowledge. However, due to the magnitude of case being prepared against RFG in terms of class action, there is high chance of such defence failing. This is because the ASIC would make an application for the class action applicants to get adequate compensation as a remedy for the different breached by the RFG and its directors. This would enable the shareholders in recovering their lost money, when the shares of the group fell down. Also, as remedy, the guilty directors could be disqualified for breaching their director duties, and barred from holding directorship positions for certain time. So, the order passed by the ASIC would have to be confirmed by the court, before the remedies actually come in the hands of the class action applications. Conclusion Thus, from the analysis of the present storm being faced by RFG, it can be concluded that the position of the company is not strong enough. It is most likely to face the brunt of the actions undertaken by its management, where the shareholders were duped. Not only were their rights snapped away, but they also had to bear loss in terms of tumbling stock prices, all because the management failed in disclosing the related party transactions. As a result of this instance, different regulatory and legislative compliances were not undertaken, resulting in the ASIC getting the power of investigating on the claimed upon breaches. Where this investigation reveals that the company and its directors had been guilty of such contraventions, the class action would provide the applicants with remedies, as decided upon by the court. References ASIC. (2011). Related party transactions. Retrieved from: https://download.asic.gov.au/media/1239851/rg76-published-11-may-2011.pdf Cassidy, J. (2006). Concise Corporations Law (5th ed.). NSW: The Federation Press. CCH Australia. (2011). Australian Corporations Securities Legislation 2011: Corporations Act 2001, ASIC Act 2001, related regulations. Sydney, NSW: CCH Australia. Corporations Act, 2001 (Cth) Danckert, S. (2018a). RFG's secret deal to manage stores under scrutiny. Retrieved from: https://www.smh.com.au/business/consumer-affairs/rfg-s-secret-deal-to-manage-stores-under-scrutiny-20180305-p4z2xh.html Danckert, S. (2018b). Troubled Retail Food Group faces potential class action. Retrieved from: https://www.smh.com.au/business/consumer-affairs/troubled-retail-food-group-faces-potential-class-action-20180306-p4z32w.html Federal Register of Legislation. (2018). Corporations Act 2001. Retrieved from: https://www.legislation.gov.au/Details/C2013C00605 Paolini, A. (2014). Research Handbook on Directors Duties. Northampton, Massachusetts, United States: Edward Elgar. Pash, C. (2018). Retail Food Group now faces a potential class action from disgruntled shareholders. Retrieved from: https://www.businessinsider.com.au/retail-food-group-class-action-maurice-blackburn-2018-3 Rask Media. (2018). Why Retail Food Group Limited Shares Fell 5% on Friday. Retrieved from: https://www.raskmedia.com.au/2018/01/19/retail-food-group-limited-shares-fell-5-friday/ RFG. (2018a). People who put the love in food. Retrieved from: https://www.rfg.com.au/ RFG. (2018b). RFG Response to Potential Class Action. Retrieved from: https://www.rfg.com.au/2018/02/02/rfg-response-to-potential-class-action/