Dawson Lumber Company Limited Essay - 1516 Words

Objective National Bank of Canada (NBC or the Bank) is tasked with the decision to review Dawson Lumber Company Limiteds (Dawson) request for an increase in its line of credit up to the amount of $10.8mm. Dawson intends to finance inventory and receivables with the line of credit. NBC must remain cognizant of the competitive landscape of the lumber industry and assess whether a focus on the retail segment is beneficial to Dawsons strategic plan. Given that Dawson is one of the regions largest borrowers, NBC must be careful in how it manages this relationship. The Bank cannot afford to turn away NBCs business. However, extending Dawson additional credit may increase Dawsons default risk and jeopardize the potential for NBC†¦show more content†¦Canadian Retail Hardware and Home Improvement Industry Analysis This industry, although more attractive than the lumber industry, has its own inherent flaws . The Canadian retail hardware and home improvement industry can be characte rized by high degree of rivalry, mainly due to a large number of players competing over products of low differentiation and incurring high fixed costs. Furthermore, due to low switching costs, high information, and price sensitivity, buyers are not loyal and have high bargaining power relative to retailers. Additionally, the medium threat and power of large new entrants and suppliers adds to the industrys unattractiveness. Company Overview Dawson was founded in the 1870s and has remained a private business since inception. Located in Ontario, Canada, its operations have been focused on three regions: Ottawa, primarily an urban market, Cornwall, a rural market, and Kingston, partially a resort and partially an urban market. During the last 3 years Dawsons net sales have increased considerably (21% in 1997; and 38% in 1998) putting great pressure on the way the company finances its working capital (WK). This situation is intensified by seasonal sales, typical of the construction industry. In September of 1998, Dawson pursued a strategy of forward integrating into theShow MoreRelatedDawson Lumber Company Limited1550 Words   |  7 Pages(NBC or the Bank) is tasked with the decision to review Dawson Lumber Company Limited s (Dawson) request for an increase in its line of credit up to the amount of $10.8mm. Dawson intends to finance inventory and receivables with the line of credit. NBC must remain cogniz ant of the competitive landscape of the lumber industry and assess whether a focus on the retail segment is beneficial to Dawson s strategic plan. Given that Dawson is one of the region s largest borrowers, NBC must be carefulRead MoreDawson Lumber Company1182 Words   |  5 Pagesbusiness: Dawson Lumber Company Nature of the business: Wholesale Lumber Business Marketing Analysis: The Dawson Lumber Company was founded in the 1870s by the Dawson family to market the lumber on their land. In 1950, Dawson Lumber owned four small lumber yards in the Corn wall area, each operating as a separate company. However, in 1965, J.H. Dawson became president and amalgamated the four companies into the Dawson Lumber Company. The company had acquired seven more lumber yards northRead Morelaw of contract11640 Words   |  47 Pagesto the usual course of things from such breach of contract itself, or b) such special circumstances as may reasonably be supposed to have been in the contemplation of both parties at the time they made the contract Horne v. The Midland Railway Company Facts: P contracted to manufacture and deliver shoes. Gave notice to stationmaster but deliver late. Special circumstances must be indicated if the P hopes to recover exceptional damages Victoria Laundry Facts: D sold P boilers and deliveredRead MoreHistory Grade 10 Exam Review6476 Words   |  26 Pages * June 17 ïÆ'   eight members were arrested ïÆ'   planned mass rally June 21 * The crowd pushed a streetcar over ïÆ'   one man killed 30 injured ïÆ'   Bloody Saturday * Branch Plant * A factory or business owned and controlled by a larger company in another country * Model T * Model T became a popular car because of low price, cheap (mass production) and easy maintenance * It had many problems like brittle axles, stuck in the mud (as there weren’t that many paved roads),Read MorePrinciples of Microeconomics Fifth Canadian Edition20085 Words   |  81 PagesDenesiuk Harris Production Service: MPS Limited, a Macmillan Company Copy Editor: June Trusty Proofreader: Barbara Storey Indexer: David Luljak Senior Production Coordinator: Ferial Suleman Design Director: Ken Phipps Managing Designer: Franca Amore Interior Design Modifications: Peter Papayanakis Cover Design: Dianna Little Cover Images: (Edmonton): Design Pics/ Fotosearch; (clouds): Larentz Gullachson/Getty Images Compositor: MPS Limited, a Macmillan Company Printer: RR Donnelley COPYRIGHT  © 2011Read MoreIntroduction to Materials Management169665 Words   |  679 PagesJeff Vanik Production Manager: Deidra M. Schwartz Director of Marketing: David Gesell Marketing Manager: Jimmy Stephens Marketing Assistant: Alicia Dysert This book was set by GGS Book Services. It was printed and bound by R. R. Donnelley Sons Company. The cover was printed by Phoenix Color Corp. Copyright  © 2008, 2004, 2001, 1998, 1996, 1991 by Pearson Education, Inc., Upper Saddle River, New Jersey 07458. Pearson Prentice Hall. All rights reserved. Printed in the United States of America. This

Overhead in County Slogi and Woman Work - Comparison

In this essay where I am going to discuss the similaritys and differences between two poems. Woman Work written by Maya Angelou, which is about a woman who works all the time and just wants to rest. The second poem is called overheard in County Sigo written by Gillian Clarke which is about a married woman having a conversation with her friend about her life and looking back at what her ambitions were. br brWoman Work is a regular 5 stanza, rhyming poem, It is set in southern USA. We know this because of the way she talkes The cane to be cut Cane is grown in southern USA, I gotta clean up this hut Hut is what she calles her house And the cotton to Pick cotton also grows in USA. Its about this womanwhos either single or†¦show more content†¦Two things came into my mind. br br1. She got really bad results and no qualifications so she ended up doing things like this, instead of getting a proper job. So the poet might be trying to emphasise how important it is for children to try their best at school. br br2. She didnt do too bad at school but she got children at a younge age and that took most of her time so because shes single she cant go to work as when you get children

The Nicaraguan and Cuban Revolution Free Essays

Nicaragua, the state with the least â€Å"fertile dirt for the proliferation of Left groups† , was the lone state where a revolution prevailed following the Cuban Revolution ( 4 ) . Despite many similarities between Cuba and Nicaragua, they established rather distinguishable revolutions. InSandinista, Matilde Zimmermann, frequently compares and contrasts the FSLN motion with the Cuban Revolution. We will write a custom essay sample on The Nicaraguan and Cuban Revolution or any similar topic only for you Order Now In add-on, she besides provides non merely a thorough survey of the military and ideological leader Carlos Fonseca, but offers insight into the development of the FSLN. Unlike the Cuban Revolution, the Nicaraguan revolution under the leading of the FSLN was chiefly a societal revolution. Harmonizing to Zimmermann, the FSLN of Carlos Fonseca was responsible for mobilising the Nicaraguans into a societal revolution. However, following Fonseca’s decease, Zimmermann attributes the death of the revolution to the fact that the Sandinistas failed to follow Fonseca’s vision. Although Cuba and Nicaragua both suffered from inhibitory and weak democratic establishments, their revolutions are distinguishable. On the one manus, Cuba experienced a political revolution. The societal ends of the revolutionists were 2nd to the political 1s and remained mistily defined even after 1959. The revolution in Nicaragua was a societal revolution. The bulk of the Nicaraguan population massively supported the actions of the FSLN. The same can non be said about Cuba, where the bulk of the Cuban population was non mobilized by the Rebels. The radical battle against Somoza was marked by category struggle and the resistance against Batista was non. Despite the differences, the Cuban revolution in peculiar the leading of Che Guevara and Fidel Castro had a important impact on the development of Carlos Fonseca’s political political orientation. Zimmermann argues that the Cuban revolution had a profound influence on Fonseca’s thought and the Sandinista motion ( 9 ) . The voluntarism of Che Guevara and the personal appeal of Fidel Castro captured the attending of Third World hereafter revolutionists. For Fonseca, the triumph of the Cuban Revolution convinced him that revolution was possible and that a new organisation was needed to take it ( 56 ) . Fonseca found a hero in Che Guevara and became influenced by Che’s Hagiographas. Fonseca set out to double the Cuban triumph in Nicaragua. Similar to Fidel Castro’s usage of Jose Marti in Cuba, Fonseca appealed to the nationalist image of Augusto Sandino. Sandino’s battle in the 1930s divine Fonseca and as a consequence Sandino became a Nicaraguan rallying symbol for the revolution ( 61 ) . Fonseca’s political authorship remained committed to both socialist revolution and national release from imperialism. Sandino and Che Guevara were the two most of import influences on Fonseca’s political idea. Guevara’s Marxism and Sandino’s patriotism became rooted in a motion capable of doing a successful revolution. Carlos Fonseca’s political political orientation became woven into early FSLN literature and philosophy. Carlos Fonseca was really much the motivation force behind the Sandinistas. In the Historic Program, Fonseca outlined his doctrine of encompassing the experiences of the Nicaraguan workers and provincials. This doctrine was cardinal to the FSLN initial platform ( 208 ) . Unlike the 26th of July Movement, whose forces merely represented a minority of the Cuban population, the Sandinista alliance was genuinely representative of the lower sector of Nicaraguan society. From the get downing the FSLN was organized chiefly to stand for workers, provincials, and the urban hapless. They believed in educating the lower category by transfusing in them an apprehension of Nicaraguan history, which taught them about the Nicaraguan battle against imperialism ( 191 ) . In add-on, this doctrine contributed to the entreaty of the FSLN and helped mobilise immature activists. Throughout the sixtiess, Fonseca and the little group of vernal revolutionists launched a guerrilla motion. Fonseca helped form g uerilla units, recruited clandestinely for future action, and endured prison. Despite the frequent lickings, Fonseca’s strength and dedication to the cause helped keep the integrity of the organisation during long periods of belowground being. In the late seventiess, the members of the FSLN became divided and frequently argued over scheme and tactics. Zimmerman demonstrates that Fonseca understood the grounds for the divisions and differ with the cabals ( 184 ) . In 1975, Fonseca returned to Nicaragua to repair the rifts in the FSLN and to re-validate his leading. However, Fonseca died on his manner to a jungle acme meeting he called with the purpose of mending the divisions. Following his decease, the factional struggle became significantly worse. The three different cabals in the FSLN: the Insurrectional Tendency, the Prolonged People’s War, and the Proletarian Tendency, strayed off from the Historic Program designed by Fonseca ( 208 ) . In add-on the FSLN became more moderate. Zimmerman argues that the 1978 revision of the 1969 Historic Program foreshadowed a continual series of via medias intended to lenify the national businessperson resistance ( 208 ) . The FSLN bit by bit abandoned their ain radical docket. In 1979, the Sandinistas succeeded in subverting the Somoza government. The FSLN without Fonseca lost Fonseca’s focal point on apprehension and reacting to hapless Nicaraguans and their diverse signifiers of development. Rather than prosecuting them as radical topics, they made the multitudes the object of radical policy, a displacement that produced opposition instead than dialogue. In add-on, the arguments that gave rise to the FSLN cabals remained integral within the nine leaders of the National Directorate ( 226 ) . The Directorate lost sight about what was best for Nicaraguan workers and provincials. Although the FSLN claimed to be regulating in the involvement of workers and provincials, their refusal to convey new leaders from oppressed societal categories to the Directorate did non back up their claim. In the 1990s, National Directorate led to another split. That, along with the civil war took a important political toll on the FSLN. In February 1990, after a disruptive decennary in power, the FSLN was voted out of office when Conservative leader Violeta Chamorro round Daniel Ortega in the presidential race ( 228 ) . By taking to concentrate on the political vision and political orientation of Carlos Fonseca, Zimmermann was able to explicate the flight of the Nicaraguan Revolution as a gradual procedure. Carlos Fonseca was influenced significantly from the successes of the Cuban Revolution. Although certain facets of the Cuban Revolution were different, it did supply Fonseca with a political design of how he planned on conveying about a revolution in Nicaragua. Fonseca’s thoughts were to a great extent influenced by the instructions of Che Guevara and Augusto Sandino. He chose to concentrate on the Nicaraguan workers and provincials. This doctrine became the FSLN initial political platform. The early FSLN under Fonseca used this platform to make out to the laden categories and mobilized them against the Somoza Regime. Following the decease of Fonseca, the FSLN in power became more moderate, to a great extent divided, and bit by bit strayed away from Fonseca’s vision. By 1990, the FS LN had wholly changed. They still honored Fonseca as a radical icon, but they no longer incorporated his doctrines into their policies. The FSLN in power shifted off from the involvements of the workers and provincials which created much opposition. Zimmermann finally argues that it was the Sandinistas’ treachery of the thoughts and illustrations of Carlos Fonseca that attributed to the death of the revolution. How to cite The Nicaraguan and Cuban Revolution, Essay examples