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Discussion board # 1

Now that you have learned about cost-volume-profit analysis techniques, do you think these techniques can be used for all types of organizations (for-profit, not-for-profit, service, retail, manufacturing, etc.) or only certain organizations to make strategic business decisions? Why, or why not?

Respond to post # 1

The advantages of cost-volume-profit analysis can be used with any type of company. Cost-volume-profit analysis can show an organization, whether it is for profit, non-profit, retail, etc., if they will make a profit, break even, or incur a loss when it comes to selling a product. Though a non-profit company may not be manufacturing a product, they are still usually providing a service to consumers. Using the cost-volume-profit analysis, you can show them the total cost of what it takes to provide the service to consumers and use this information to understand how much they need to gain through benefits, donations, government grants, etc. Another example I will utilize is the TV show Gold Rush. The owners of the gold mines will look for areas that will provide them with the most amount of gold per yard of dirt that is mined. If they find an area that is showing less than an ounce per yard, they will more than likely move on to another area. Even though they would still be finding gold, they will more than likely make just enough money to break even, and using a tool such as the cost-volume-profit analysis can help show them these numbers.

Discussion board # 2

Wearable technology has the potential to change the way organizations conduct business and the way people conduct their day-to-day activities. If you already use a wearable device, identify the make and model, and discuss what you use it for. Do you find it helpful? Why, or why not? If you do not use a wearable device, identify one you might use, and explain why.

Respond to post # 2

Years ago the large hospital that I worked for had given their employees a credit towards fitbits. If you wanted to buy a fitbit that calculated more information you could pay the difference. When the company made this decision I noticed that my coworkers were more excited to come to work and all of the sudden they were all more active because the company also had an incentive, which would give you a discount on health insurance if you documented your activity. I thought this was genius for the company to do. They were able to do a tax write-off for the watches and "tricked" their employees into living a better lifestyle which in-turn actually ended up costing them less for sick time and doctors appointments. 

I currently wear a Apple Watch its an older model a generation 3. The watch tracks my activity, stairs walked, shows how many calories I've burnt, tells me when I need to stand.  The watch will store your activity. You have an option to share and compete with friends. This helps me because I am a very competitive person.  The watch reminds me to breath when I am stressed. There is an emergency button I can push if needed. I can receive my text messages through my watch so I don't have my phone out as a distraction during the work day. I find the watch extemely helpful because it will remind me to get up after sitting in my desk for over an hour. We dont realize how sitting wears on our lively hood a quick stretch really helps to get your blood flowing. I would recommend a wearable device to anyone that wants to become more active or better their health