Thaler's Mental Accounting Matters

This negative perception of the iCall system is limiting Taiwan Taxi’s ability to obtain more subscribers and explains why the company is having difficulty reaching their goal of 20,000 members. This identifies a clear disconnect between management and the cab drivers. The managers associate the iCall with direct value and make the assumption that the cabbies will do the same. However, many cabbies have not figured out how to strategically utilize the technology to increase proficiency and maximize profit.

In Ethiopia, taxis are mostly vans capable of carrying up to twelve passenger customers who pay a fixed rate to get to their destinations. The taxies have conductors and this assistant called “woyala” who collect fares. The fares are paid only in cash because there is no electronic payment system. The conductor calls out the names of the places on the way to the stops and final destination. There are no signs, so the passengers have to listen to the conductor calling out the locations. On the contrary, in the United States, taxies are mostly small and gave the customer privet ride to a specific destination. Fees are paid based on the distance driven, and electronic payment is also available for convenience purposes. Because of road unavailability and unaffordability of cars for local people, the taxi system in Ethiopia is also limited to very few cities unlike the United

“It’s a simple experience and a much more pleasant way to get a ride than stepping onto a busy street and waving at oncoming traffic” (Stone, 2014, p. 53). It is convenient for both the employee and customer to arrange a ride, which makes Uber preferable. Additionally, the employees of Uber are given more benefits than the employees of taxi companies. For example, Uber issues an iPhone with the Uber software, free gear to secure it to their windshield and an hour of orientation (Stone, 2014, p. 52). It is this simplicity that appeals to people seeking employment. They are also using a platform that is accessible to many of their customers, because, as of 2015, “64% of American adults now own a smartphone of some kind” (Smith, 2015). Since their focus is on luxury, innovation, and results, they have transformed the public transportation system in their favor.

Task 6 (M2.2) - Analyse how the three businesses use their customer traffic flow to

Rationalisation as an approach towards Junction Hotel can show its advantages in efficiency levels however; even efficiency is not always affected in a positive way as Ritzer (2011) explains using the organisation McDonald’s as his focus, constructing social theories in the organisation about how people’s creativity can be restrained in the repetitive workforce. Ritzer (2011) explains his theory upon how individuals in the workplace are affected by a more psychological perspective. Thinking about the rationalisation approach towards the Junction Hotel may not only limit staff member’s creativity, but make the current workplace more repetitive and therefore dull. Increasing managing customers in an efficient time may also create a negative affect by increasing the workload per person

Each city had a different revenue mix between business and leisure users. Tampa had more business users, Orlando and Miami had more business and leisure users compared to Tampa. In Orlando and Miami, business users were more price insensitive compared to Tampa. Therefore, along with maximising our capacity utilisation we increased weekday prices at a higher rate in Orlando and Miami compared to Tampa. Table 2 confirms this, as it shows the percentage contribution of weekday car hires as a percentage of the overall contribution of each region. It indicates that weekday car hires account for a Florida grand total of 81% of contribution in October but this rises to 85% by December. In Orlando it is lower because the relatively higher contribution of weekend customers in that market.

To launch our business we will be partnering with Airbnb, airports, hotels, and businesses. Partnering with Airbnb will allow us to accommodate customers who are looking for a car while they are staying at their Airbnb. Knowing a car will be handy for them to use at their selected destination will allow customers to choose and pick the best place for them to stay and it can all be done easily together when partnering with Airbnb. Partnering with airports will be another way to cater to customers needs. Having airports designate a select area for RIGHTRIDE’S cars will allow traveling customers to know that they will have a car to use while they are in whichever state they are traveling to. Hotels is also another partner that can help our product

Overbooking is a highly controversial issue that has been on the agenda for many years. It is not only a business topic but also an ethical matter. Overbooking can be examined through many ethical theories.

Trepagnier references the conclusion that “racism has not necessarily lessened since the 1960s...but has become less obvious” (16). Racism denotes the social policy, action, attitude and institutional structure that make people feel inferior because of their differences mostly color (Sue 7). This insubordination of the people of color occurs in the form of inferior health amenities, education, housing and employment. However, I agree with Trepagnier’s conclusion that racism has not receded since the 1960’s.

MC Wells ‘A Revolution in Accounting Thought’. The Accounting Review. V.LI. No.3. July 1976. pp471-82. The article does not have an abstract – write an abstract of no more than 400 words. A short guide to writing an abstract is provided. ----Answered by Wenxin

For a long time researchers are trying to find the perfect recipe for success, however it is very hard to predict the response of the market to a new product and its adaptation to the environment. The Ice Hotel and the Travelodge are two ventures established in the end of 20th century both in the travel and hospitality sector but each one with its own unique business strategy. In evaluation of their success the decisions made throughout the development of the above mentioned ventures can be categorized as effectual and causal, as explained by Sarasvathy (2010). G.Sanvikarja suggests that causational logic is more rational and based on prediction where as the effectual strategy is more creative and is control orientated. Each of these approaches implies different strategies and reasoning behind both individual decisions and responsiveness to the environment. Furthermore, most enterprises follow a set of common principles that are key for building a business strategy including defining means, setting affordable loss, leveraging contingencies and forming partnerships (S. et. al, 2010). These four aspects are crucial for understanding how is a business created and what is its approach. However, it should be noted that most of the businesses are not strictly effectual or causal, rather a mixture of both with a tilt towards one. Every business is individual and should be treated like one. This paper will examine the business strategies behind the Ice Hotel and the

The above example seems to require only a healthy dose of common sense to establish urban planning policy, but in reality probability concepts likely played a critical role in determining how to manage storm runoff for each town. The historical amounts of rainfall for each area would have been analyzed to determine how best to manage deluges to prevent health threats, thereby generating predictions of future rainfall events based on probability concepts. Basing such decision on instinct alone might

Uber human resources utilize many tactics to control all drivers and passengers. In addition, Uber is widely known for allowing all drivers to be their own independent contractor. However, the issue that occur is that Uber does not compensate drivers for gas usage or provide incentives to keep up maintenance with driver vehicles. Beside, that Uber has many human resources tactics that has lead Uber to be a company that acquire and retain drivers. Due to the fact that Uber offers driver with many incentives and benefits. Furthermore, the primary human resource tactic that is strongly implemented is during the initial request between driver and passenger. During

It has been become an issue of great concern that the accounting profession must find a common theory in order to address and put the issue at rest. This therefore, has called for the study of this topic under review “the demand for and supply of accounting theories: the market for excuses. As a result of this several questions have been raised. For instance, the question of why accounting theories are predominantly normative has been put forward by this article? Secondly, why no single theory in accounting profession that is generally or widely accepted? It has been argued that the financial accounting theories have been found to be ineffective most especially in the area of impacting accounting practice and policy, though, this has been

The definition of accounting theory according to Coetsee (2010) is described in two different ways. The first philosophy concludes that accounting theory is a set of general principles that guide the evolution of accounting practice. The other philosophy describes accounting theory as activity of explaining and predicting accounting practice. What the viewer can see from the statement of the first philosophy is that the accounting theory exists before accounting practices meanwhile the latter states that the accounting practice exists before the theory. Since there are many arguments about this matter, many academic researchers have concluded that accounting theory can be divided into two categories which are positive and normative theory.