Sunday, August 23, 2020

Management Accounting CSR Quotient Benefits

Question: Depict about the Management Accounting for CSR Quotient Benefits. Answer: Corporate Sustainability Reporting The corporate manageability revealing can likewise indicate as CSR detailing. CSR helps any and each sort of association to assess the wide scope of maintainability issues empowering them to have a superior understanding of the chances or dangers they may have in not so distant future. CSR is viewed as entirely adaptable as it is utilized by the association, the association is allowed to assess its CSR progress in any purposeful manner they decide to. In any case, then again if each organization begins making out an alternate importance and usage of it then there would be tumult and it would hard to discover what the revealing is really implied for (Brockett Rezaee, 2013). The CSR do have its own remainder of advantages. It imparts discipline in the sets of the association and encourages the association to think about its drawn out objectives and dreams, in this manner raising the familiarity with rehearsing feasible practice in the organization all in all. An enormous area of the corporate world has concurred that it increases the standardized tag of order and furthermore helps the drawn out dreams of the organization for what's to come. The CSR helps to follow the presentation of the association and consequently gives another explanation that the procedure ought to be very much coordinated with the business methodology to increase long haul gains. The maintainability detailing attracts the consideration of the association towards the manageability rehearses. These aides in decreasing the expense in different parts of the business and hence on a bigger note expands the effectiveness of the association. Of the different points of interest that the CSR has - expanding energy alongside maintainability in the association, helps in better correspondence with the partners, it is additionally a decent utility instrument to speak with the workers, different associations and furthermore other neighborhood gatherings. Also, last yet not the least it has the capacity draw in more youthful age as ability gets pulled in to issues identified with the supportability of the business (Paul, 2008). Expenses and advantages of Corporate Sustainability Report There has costs as there are benefits and particularly if the report isn't arranged appropriately. Defining a powerless objective for the association can welcome peril in term of business in general. To create a decent report the information gathered and introduced ought to be sufficient in any case and do the converse of what it is intended to do (Corporate Progress: Opposites Attract, Corporate and charitable associations yield benefits for both, 2008). A decent organization consistently gauges the social, monetary and natural exhibitions and afterward organize its supportability in the reports. To get guidance or information checks from the customers and partners a few limits should have been given. What's more, creating these reports for momentary objectives doesn't deliver its all out profits. In any case, alongside these dangers, there are benefits as well. The Corporate supportability report upgrades the organization's picture and notoriety, it helps in the expulsion of the as sociation's negative exposure or aides in the better advancement of its picture. It promotes a superior association conduct as the workers will in general remain back with the business which keeps them cheerful and furthermore deal with them. Also, more significantly, encourages the association to comprehend the dangers and openings. So at whatever point there is an open door they can get it or develop themselves during dangers (Global Corporate Sustainability Report 2013, 2013) . Kinds of ideas and measures related with Sustainability reports To have a superior manageability report the financial investigation is done to assess the outer elements which sway the activities of the association, essentially mechanical patterns and outside components. These variables do influence the financial standpoint which influences the brand creation and in this way thusly the capital arrangement (Simnett, 2012). The mechanical investigation is done to have a superior comprehension of the serious powers in activity and the capability of the association to make supported worth. It is likewise done to assess the outside elements which may influence different enterprises driving on to portfolio dangers. During the production of these reports the organization technique assessment is done to have a superior comprehension of the nature of the administration and the system being utilized consequently helps in assessing the companys solidarity to counter to emanant patterns. At that point at long last valuation is done to consider conventional su spicions and parameters of valuation which do incorporate capital normal expense and income to have a superior comprehension of the material supportability (McGarr, 2015). Figure 1: Corporate Sustainability Reporting Source - https://www.oliverrussell.com/stuff/contentmgr/records/0/488e65cdde7746b6bebc5dd7671297a4/documents/chart.png End CSR ought to be a piece of each association as it helps in having a superior comprehension of the association. It assists with knowing the inner just as the outside components that may influence the working of the association. Despite the fact that while managing this detailing the information assortment and assessment ought to be done appropriately as though there is any slip-up then it may influence the association on momentary note as well as may influence it over a significant stretch of time. References Brockett, A. Rezaee, Z. (2013).Corporate supportability. Hoboken, N.J.: Wiley. Corporate Progress: Opposites Attract, Corporate and not-for-profit organizations yield benefits for both. (2008).Sustainability: The Journal Of Record,1(5), 304-307. https://dx.doi.org/10.1089/sus.2008.9934 Worldwide Corporate Sustainability Report 2013. (2013).UN Global Compact Reports,5(1), 1-28. https://dx.doi.org/10.5848/ungc.5720.2014.0009 McGarr, T. (2015). Resource Management International Standards and Associated Standards.Engineering Technology Reference. https://dx.doi.org/10.1049/etr.2014.0043 Paul, K. (2008). Corporate Sustainability, Citizenship and Social Responsibility Reporting.Journal Of Corporate Citizenship,2008(32), 63-78. https://dx.doi.org/10.9774/gleaf.4700.2008.wi.00007 Simnett, R. (2012). Confirmation of supportability reports.Sustainability Accounting, Management And Policy Journal,3(1), 89-98. https://dx.doi.org/10.1108/20408021211223570

Friday, August 21, 2020

Primary School Teacher Measuring their Effectiveness an Example by

Grade School Teacher: Measuring their Effectiveness Educators assume a major job in sustaining the psyches of each age. They are believed to be the second guardians of each understudy who wish to take in and gain something from school. Instructors convey the obligation of teaching the fundamental information in their appointed courses in addition to some virtues understudies expected to have in their lives. Plato, Aristotle, Cicero and different coaches in the early hundreds of years are educators who have demonstrated their value as instructors by the thoughts they left that are as yet helpful modern. Educators like them made a discovery by which understudies see learning as a movement which is entertaining and enhancing. Also, educators are supposed to be directing the adolescent in confronting regular day to day existence circumstances. Need exposition test on Grade School Teacher: Measuring their Effectiveness subject? We will compose a custom exposition test explicitly for you Continue Pre school and essential long periods of an individual can be known as an establishing ground for the fundamental and most basic unavoidable issues facing everyone are then given to understudies. It is on this phase the limit of a people memory is at top and thusly, is a decent chance to advance the qualities they need as they grow up. Maintenance of the information and aptitudes of an understudy may then be tried here. The pattern of turning into a successful educator changes these days. From the hour of the antiquated instructors, they are supposed to be working truly well in spite of the analysis they get from the on-lookers. They even receive no installment consequently with the noteworthy realities they add to the psyches of their understudy. Wages for instructors are a difficult today making the quantity of the individuals who should help the country in embellishment the young reductions. On the off chance that educators capacity to pound thoughts to their understudy relies upon what number of adherents and instructors they can make after various talks, the viability of educators today differ. Scholastically, instructors are obliged to train the youthful of the realities they need so as to comprehend the idea of day or the fundamental tasks in math. In any case, ethically, the quality of their training ability might be estimated through the quantity of youth that carries out wrongdoing in the wake of tutoring. By and large, there ought to be set principles to gauge their viability in this way formulating manners to improve instructing systems. It is significant that instructors are given their particular jobs in the general public. Assessing exhibitions of educators 30 years back up to presently is a significant piece of satisfying the countries needs in the learning procedure of each youngster. This examination will bargain in social affair the principles of estimating the viability of each elementary teacher. Brain research and school diaries must be utilized in giving the significant interesting points in educating. In addition, realities in holding memory must be noted in this way proposing increasingly successful manners in giving the adolescent a decent handle of data in their grade school years. This investigation will be directed toward the beginning of the scholastic year, observing a few perceptions of the understudies and the educators. They will be provided of no insight that they are being seen with the end goal for them to act normally upon the arrival of the study. The exercises they make with their will at that point be assessed in this manner giving the evaluator how the educators are giving the understudies thoughts in regards to the subject and for example about existence circumstances. It must be noticed that the evaluator should ask consent to the head yet not with the educators who will be watched for the examination. This investigation will take a year for finishing since the grade school understudies will likewise be watched. The principle perception must go with the scholarly status of the understudies accordingly assessing their characters at home. The main restriction for this examination is the accessibility of the creator in the execution of the plans. Toward the year's end, there must be a poll or review that will decide the strategies for the educator that are powerful in the learning procedure of the understudies. Also, there ought to be an objective number of instructors to be watched so as not to convolute social affair of information. Educators jobs are significant in our general public for they are the wellsprings of the adolescents establishment in relating and managing life. Rundown of Reference Powerful Teaching.

Wednesday, July 8, 2020

How To Mange Time Well For Leaders To Be Effective - 275 Words

An Advice On How To Mange Time Well For Leaders To Be Effective (Essay Sample) Content: Name:Institution:Course:Date: Better Time Management Time is limited and each day everyone is given an equal amount of time and it is important to manage better your time if at all you want to be a cut above the rest. Better management of your time enables you to use less effort to accomplish more. There are many choices in life, and it is hard to make the right ones unless you manage your time well. Good decision making is the ultimate course of success as with better time management, and you can do more within a shorter time thus giving you more free time that is crucial for you. In his works of Proper Time Management, Steven Covey presents ideas that help in better time management. From his ideas, I have learned two things that can help me to manage my time better. One is learning to prioritize, and the other is learning to say no. (Covey, 147) To prioritize means knowing the difference between things that are significant and those that are urgent. Although t here are those that are both immediate and meaningful at the same time and that is where the whole idea of prioritizing takes over. I will base my organization and execution around priorities. This idea is important because, as a human being, significant developmental, thrusts follow each other in quick succession. (Covey, 149) Another good idea from Steven Coveys works is the real essence of learning to say no. I have learned that not every order that...

Tuesday, May 19, 2020

Gender Diversity In Canada - 778 Words

The article â€Å"Trudeau names new 2 senators including, Canada’s first indigenous 1st female indigenous senator† by John Paul Tasker published on CBC in December 2017 talks about Justin Trudeau’s decision to appoint two new female judges. Mary Jane McCallum was elected to represent Manitoba in the chamber while Mary Coyle will represent Nova Scotia. Both of the women have been involved in careers focused on helping disadvantaged groups of people for example Mary McCullum is a social justice advocate and is known for her work with the aboriginal communities in Manitoba. Nova Scotia senators Mary Coyle is known for her work in a post-secondary field and is proud advocate of rights of indigenous people. She is also responsible of establishing†¦show more content†¦Furthermore the levels immigrations also help increase the foreign born population in Canada. From 1996 to 2006 Canada had largest uninterrupted period of immigration (). Even with such diverse p opulation Canada still struggles with equally representing the native population in politics. Throughout history there has been several controversial acts and legislations limiting native influence in Canadian politics. It started with the Indian Act of 1876 which placed many restriction on the native population. The act assisted with the creation of the residential schools and violated many fundamental democracy rights. Although Canada has recovered from it’s dark history, the aftermath is still affecting the native communities. The globe Mail reported the Aboriginal only represented 2.3 % of house of parliament in 2011(). With the election Mary McCullum the number of native reputation in the parliament will go up and increase the cultural diversity found in our politics. The decision to elect these two women can serve as important landmark for new leadership for minority groups. Both of the women have long history with helping out the less fortune and acted as leaders in t heir respected fields to drive key change in the lives of minority groups. Mary Coyle is heavily involved with social problems found in Canada and Bolivia. She plays a huge role in protectingShow MoreRelatedEconomic and Social Progress in Canada1720 Words   |  7 PagesSince universal suffrage, women have made tremendous economic and social progress in Canada. Canada has been called a world leader in the promotion and protection of womens rights and gender equality, (Foreign Affairs and International Trade Canada). Yet a hundred years after universal suffrage, gender disparity continues to exist in Canada. Gender disparity is evident in the political, economic, and social spheres. Political disparity refers to the lack of adequate representation of women inRead MoreDiversity1703 Words   |  7 PagesDiversity in Canada August 23, 2011 Abstract In this paper I will be looking at diversity in Canada and how the term of diversity is used to refer to cultural differences, how it applies to all the qualities that make people different. Diversity is shown in mutual respect and appreciation of the similarities and differences such as age, culture, education, ethnicity, experience, gender, race, religion, and sexual orientation. An environment where diversity is respected is on whereas individualsRead MoreTrans And Transgender : An Umbrella Term931 Words   |  4 Pageswith the gender that they were born. It encompasses all people who do not fit into a binary conception of gender identity or expression. It is a group with diverse identities and expressions, and that differ from stereotypical gender norms. Some transgender choose to modify their bodies to varying degrees, whether through surgeries, or hormone therapies, while others choose to live without surgical intervention, and change their body and behavior in other ways, and live as their chosen gender (HoughtalingRead MoreWhat Are Ontario Schools Doing? Other Canadian Schools? Essay1297 Words   |  6 Pages What are Ontario schools doing? Other Canadian Schools doing? EGALE Canada Human Rights Trust, is Canada’s only national charity that advocates LGBT human rights in Canada. EGALE released in 2011 the First Report on the National Climate Survey on homophobia, biphobia, and transphobia in Canadian schools, that assessed the opinions of 3700 students (LGBT and non-LGBT) all over Canada (Taylor et al. 2011). The survey began in 2007 and concluded in 2009 (Taylor et al. 2011). The report’s resultsRead MoreAnalysis Of Viola Desmond s One Woman s Resistance Essay1561 Words   |  7 Pagesthat her story has changed history, fearless in the face of racism and injustice her story tries to break barriers between black people and white people. There are images and video in the exhibit of viola Desmond sitting in the theatre and jail. Gender and race are represented in the exhibit as she faces discrimination and is treated like she is not a person. There is a part in the video where the employee say â€Å" we do not sell to you people†. Racial discrimination started long before there wereRead MoreDiversity Is The Key For A Creative Community820 Words   |  4 PagesDiversity Statement M. Th. Hassan Diversity—the differences of, but not limited to, gender, race, religion, ethnicity, age, and experience—is the crucial key for a creative community. In the wide diverse community, the differences in the background and origin enrich the culture and the vision of this community. Diversity is one of the most interesting perspectives in the Academia and Science, for instance, about 30% of the American Nobel Prize laureates were not born in USA† . It is intriguing toRead MoreDiversity in Workplace1483 Words   |  6 PagesDIVERSITY: GROWTH AND IMPORTANCE OF MANAGING Harpreet Singh City University ABSTRACT: As companies are becoming more and more diverse it s becoming more and more important for companies to understand and manage it. The people of different background, races, religion creates diverse workforce. There is an importance of having diverse workforce to provide better performance. There are perspectives of managing the diverse workforce, which require organization leaders and managersRead MoreWhat We All Long For By Dionne Brand1645 Words   |  7 Pagesdefines her unique ability to be the â€Å"other† because she is willing to lived without financial comfort and parental support. Also, Tuyen finds her father’s behavior hypocritical, since he had also lived in poverty as a young man when immigrating to Canada. These factors are important aspects of the postmodern appeal of Brand’s character development of Tuyen in defying the idea of economic or financial â€Å"progress as a type of modernist value system. Tuyen shifts away from the progress of capitali stRead MoreThe Government of Canada and Multiculturalism Essay examples1670 Words   |  7 Pagesâ€Å"Multiculturalism† entered public speech in the late 1960s and early 1970s in Canada that focused on unique cultural diversity, nationalities, and ethnicity across the nation. Multiculturalism and Immigration are important factors in the development of Canada to attain a strong multicultural example of economic stability, social and political growth which leads to the emergence of Canada’s identity and culture. The artefact design indicates the deep understanding of Canadian Multiculturalism whichRead MoreThe Impact Of Ethnic Diversity On The Development Of An Entrepreneur1617 Words   |  7 Pagesin countries like Australia, Canada and United States, whereas there is low TEA in Norway and United Kingdom . Generally, entrepreneurship can be defined as â€Å"a purposeful activity to initiate, maintain and develop a profit-orientated business† . However, for one to succeed as an entrepreneur, they must go beyond the ‘norm’ and differentiate themselves from other competing entrepreneurs; this may be achieved by embracing both social and ethnic diversity. Social diversity refers to the different factors

Wednesday, May 6, 2020

Diversity, Religion, And Learning Styles - 944 Words

Diversity in the classroom can come in many forms, these include but are not limited to differences in language, culture, social status, religion, and learning styles. As educators, it will be our job to make sure that we are able to support our diverse students in their learning, and it is also essential that we make our classroom a place where diversity is accepted and all students feel safe engaging in the learning. Not all students that we encounter will have been exposed to diversity and it is our job to help them recognize that underneath all the differences, there are so many important similarities. The best way to do this according to Matthew Lynch â€Å"is to provide students with ample evidence that people that don’t look like them are, at the core, people just like them. Such a viewpoint can be taught by promoting a culture of learning from one another rather than a culture of passing judgment on differences in values and beliefs† (2012). By teaching our stud ents to embrace diversity, we are creating an environment where all our students can thrive. One of the types of diversity you will face as an educator is cultural diversity. Students will come from many different places, have different family structures, practice different religions, and have different customs. The best way for you to help make them feel welcome is to be genuinely interested in learning about who they are and what their culture is like. Take time to speak to them and their families, see whatShow MoreRelatedLeadership And Leadership Styles Than I Learned1645 Words   |  7 Pagesleadership and leadership styles than I knew before I started my learning experience with LIB 100, LIB 341, MGT 345, LIB 312, LIB 380 and PA390. Most importantly, I learned a lot more about my own leadership style and how I’m perceived as a leader from my employees at work. I used the PA390 leadership assessment questionnaires and exercises with my team at work, their feedback and r esponses have helped me provide some insight and learn more about my leadership values and style. These exercises and furtherRead MoreHow Are The Types Of Religious Diversity Affected By A Global Perspective?859 Words   |  4 PagesHow are the types of religious diversity affected by a global perspective? From the presentation of Peter Thomas he defined Global citizenship as a choice -a state of mind with the principles being (1)respect of others; (2)relationships deepening humanity;(3)change is not a loss;(4)taking holistic and collaborative approaches;(5)taking responsibility and action; (6)being comfortable with ambiguity. He then goes on to talk about how global citizenship is embracing others and celebrating differencesRead MoreOrganizational Behavior : The Department Of Human Resource And Management1524 Words   |  7 Pagesstrategies that accommodate people diversity characteristics. The department of human resource and management makes plan to deal with diversity. Diversity issues involves individual characteristics, an individual primary characteristic refers to individuals biological traits such as gender, race, sexual orientations and others. Secondary characteristics are factors that may be changed such as religion, educational background, and income and so on. Others div ersity issues cover ethnicity/nationalityRead MoreA Deeper Perspective Of Sociocultural Theory941 Words   |  4 PagesThe generic definition for diversity is the â€Å"state of having many different forms, types, ideas, etc.† (Merriam-Webster.com). Culture is similarly generically defined as the â€Å"beliefs, customs, and attitudes of a group of people or an organization† (Merriam-Webster.com). A deeper perspective encompasses sociocultural theory, where the social and cultural context of a person’s thought and actions are considered. According to sociocultural theory, we do not live in a vacuum. Interaction with socialRead MoreMultiformity in the Workplace Essay example659 Words   |  3 Pages INTRODUCTION Diversity is defined as a multi-dimensional mixture of people who vary by age, gender, race, religion, or life-style. Workplace diversity refers to variety and multiformity in the workplace. This multiformity can be driven in numerous ways; demographic composition of geographical location, an aging population, increasing presence of women in the workplace to mention a few. In this paper we examine how diversity can be manages using operant and social learning practices to reduce theRead MoreDefining Diversity: the Evolution of Diversity1435 Words   |  6 PagesDEFINING DIVERSITY: THE EVOLUTION OF DIVERSITY by Camille Kapoor 1. INTRODUCTION: WHAT IS DIVERSITY? The concept of diversity encompasses acceptance and respect. It means understanding that each individual is unique, and recognizing our individual differences. These can be along the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical ability, religious beliefs, political beliefs, or other ideologies. It is the exploration of these differencesRead MoreDeep Level Diversity Promotes Team Performance1060 Words   |  5 PagesDeep-level diversity promotes team performance by giving opportunities for authentic interaction with different personalities, learning styles and character traits that would provide opportunities for optimal team performance. To begin, a definition of surface level diversity is helpful; surface-level diversity is a dynamic that people are keenly aware of in our society. We are taught at an early age to â€Å"play† well with others regardless of traits that are highly visible to us and those around usRea d MoreDiversity Is A Wonderful Thing?855 Words   |  4 PagesDiversity Diversity means that there are many different kinds of things, also means a group of people who are from different ethnic, languages, religions, beliefs, cultural traditions which exist in one community (Cockrell, Placier, Cockrell Middleton, 1999). In these days, we are witnessing many of the ethnic diversity in all areas, including education. Ethnic diversity has become an important issue that must be considered carefully and find out its positive and negative aspects. Ethnic diversityRead MoreProfessionalism, Gender, Ethnicity, Or Sexual Preference? Essay1060 Words   |  5 Pagestheir own personal views affect their relationship with their students, their families, and their colleagues. Professionalism to me means treating every student, parent, and colleague the same with no regards for their race, gender, gender identity, religion, culture, ethnicity, or sexual preference. A major theme that surrounds the notion of professionalism is that a teacher must first come to terms with their identity before they can move on and form a bond with their students. As an educator it isRead MoreCulture Learning : The Fifth Dimension On The Language Classroom949 Words   |  4 PagesThe book, Culture Learning: The Fifth Dimension on the Language Classroom, defines culture this way: Culture: learned and shared human patterns or models for living; day- to-day living patterns. these patterns and models pervade all aspects of human social interaction. Culture is mankind s primary adaptive mechanism (p. 367). Culture includes things such as: Artifacts History Songs Religion Ethnicity Food Beliefs Behaviors These shared experiences bond together a group of people into social groups

Struggle Session free essay sample

ChinaA struggle session was a form of public humiliation used by the Communist Party of Mao. When the struggle session began, the Red Guard used Labor camps, public humiliation, destruction of buildings or objects and corporal punishment to criticize the peoples who opposed to praise the great of Chairman Mao and rejected to publicize Maoism. And their targets were intellectuals, landowners and artists. For example, Ye qianyu was famous in Traditional Chinese painting. During the war, he led a group of artists to participate in the anti-Japanese propaganda of the Allied. So he was labeled U. S. mperialism spies† by Red Guard. He is not only to accept the corporal punishment, but also to participate in the labor camp. Therefore, there were two different tendencies of artist when the struggle session began, Political fanaticism class and Creative  Underground  Class. For the Political fanaticism class, they responded to the call of Chairman Mao, followed by the Central Cultural Revolution combat deployment and the creation of works of art. We will write a custom essay sample on Struggle Session or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Most of their works contained the elements about praise of the great achievements of the Cultural Revolution and Demonize enemy which means Capitalist roaders. Follow Chairman Mao and advance in the great storms and wave†, printed by Shen Yao Iraq. It was one of the most famous works in Cultural Revolution. It means the people in the revolution was irresistible and didn’t afraid of anything if they followed Chairman Mao. For the Creative  Underground  Class, most of the works was not related to the expression of the political intentions of the Cultural Revolution. The artist usually used landscapes  to  express their emotion. Huang Qiutuan and Shi Lu was the representative of this painter.

Wednesday, April 22, 2020

Pricing Strategy; Payless Essay Example

Pricing Strategy; Payless Paper Chapter 11 Pricing Strategies Questions for Discussion 1. Which of the different product mix pricing strategies discussed in the text applies best to Payless’s new strategy? : The strategy for setting a product’s price changes when the product is the part of a product mix. Firms are look for a prices that maximizes the profits on the total product mix. There are five product mix pricing strategies for the firms. Product line pricing, optional-product pricing, captive-product pricing, by-product pricing and product bundle pricing. In this case, Payless used product line pricing strategy. A product line pricing strategy is a strategy in which the management sets the price steps between various products in a product line based on cost differences between the products, customer evaluation of different features and competitors prices. Payless used to have only limited lines of shoes and began to lose their customers. However, the company hired to CEO, Matt Rubel and he started to redesign the Payless. He changed the image of Payless, dusty dungeon of cheap footwear into the fun, and fashionable footwear. Therefore, Payless succeed to attract some new customers. 2. How do concept such as psychological pricing and reference pricing apply to the Payless strategy? In what ways does Payless’s strategy deviate from these concepts? : A pricing approach that considers the psychology of prices and not simply the economics; the price is used to say something about the product. For example, $19. 99 or $9. 99 sort of â€Å"odd prices† that can round of by one last digit number. With the new line and new strategy, Payless increase the price of their products. However, if the suddenly change their price by increasing a lot, customers would not feel comfortable and they wouldn’t like it at all. We will write a custom essay sample on Pricing Strategy; Payless specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Pricing Strategy; Payless specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Pricing Strategy; Payless specifically for you FOR ONLY $16.38 $13.9/page Hire Writer So, they can use this kind of strategy of Psychological pricing so still increasing of prices but make their customers comfortable. 3. Discuss the benefits and risks of the new Payless strategy for both Payless and the designers. Which of these two strands to lost the most? : Payless redesign their logo and launched a new store format, ‘Fashion Lab’ and ‘Hot Zone’. So they changed their image as more fashionable and trendy from cheap dusty dungeon footwear. Payless now are making the store more open, light, and airy. This strategy attracted new customers and it has been successful. However, because of these advertisement in magazines and new retails launchings, increasing of the prices of products get necessary. So, they have some risks to lose their old customer who enjoyed their cheap/affordable footwear. Another risk for the designer is that they will be loses their job or has bad reputations if Payless fail in the market with their new strategy. Since, designers work in Payless for fulltime job. 4. Consider the scale on which Payless operates. How much of a price increase does Payless need to achieve in order to make this venture worthwhile? In this case, Payless should consider the company expenses, competitor and cost inflation. Opening of new stores and advertisements cost money. Therefore, Payless need to increase the price to cover the increasing expenses. Payless also have to consider their competitor products. If they increase to much compare to their competitors, they might lose some customers so always have to keep on eyes on competitors products. Also, Payless can use consumer’s reference prices to set the price. They increase product’s quality and design so customers should to find out the differences of products changes.