Thursday, July 9, 2020
Management is a discipline that incorporates broad segments of studies and involves students in all kinds of analytical activities, one of which this Management assignment sample will display. Such samples may demand that students study cases, calculate retrospective and prospective data, and analyze various managerial issues inside and outside of companies. Management involves an abundance of work with company related issues and utilizes various types of strategies, theories, and approaches aiming to optimize the business. Particularly, this Management assignment sample will dissect a recent management issue that involves relations between stakeholders and their company. It will research what kind of stakeholders a manager might encounter, what their interests are, how a company may or may not meet them and what relative theories there are to consider. Remember that we can do research on any topic? So, feel free to ask us, Ã¢â¬Å"do my assignmentÃ¢â¬ ! The influence of globalization and the market economy have ultimately altered the perception regarding business and how it affects the society in the contemporary environment. At present, being in the business does not mean offering services or selling goods with the sole goal of making a profit out of it. Currently, companies have gained the power to affect the world in either positive or negative ways. Considering those whom the business might affect and how the former might influence the latter, the term Ã¢â¬ËstakeholdersÃ¢â¬â¢ has been coined to identify the involved subjects. Notably, stakeholders frequently have even more influential abilities than the company itself. Consequently, the interrelations between stakeholders and a company are crucial to the latterÃ¢â¬â¢s success, which is why it will have to concern itself with the interests of the former and attempt to meet them in its best effort. The recent scandal around Neuromama and its fraudulent activities is a fittin g negative example that helps to assess the correlations between the interests of the company and its stakeholders. To start, it is fair to consider the core issues of this case. First, there are multiple aspects related to NeuromamaÃ¢â¬â¢s illegal activities over the last two years; however, they have escalated and caught the attention of governmental bodies only this year. Subsequently, the SEC adopted a decision to halt the trading of the companyÃ¢â¬â¢s securities at the US Stock. The trigger for this action was the incredible boost from the small $10 billion of the companyÃ¢â¬â¢s market cap to $35 just during the first half of 2016. If this had a legal basis, it would make Neuromama more lucrative than Tesla. The list of activities in which the company has been investing is quite bizarre and includes, among others, creating an engine similar to eBay and Amazon; running a leisure business in Las Vegas, and a weird support of a Russian singer. Such is the abbreviated story of the case. Taking the said sum of money and the range of activities into account, Neuromama has a circle of millions of stakeholders that are associated with this affair one way or another. To begin with, there are various categories of stakeholders that this company affects. The first are the owners and their agents who perpetrate the fraudulent and manipulative acts at the stock; they hope to get the maximum available profit out of this venture. The second are the staff, which expects to earn wages and bonuses judging by the recent leap in billions. The third are the people who bought the shares of Neuromama, the investors, who are counting on receiving their dividends or want to dispose of the said securities. Also, there are real projects and firms in which Neuromama claim to have invested in; thus, the formerÃ¢â¬â¢s economic success and operation heavily depend on such multi-million investments. Further, the government is a stakeholder that engages in observing the companyÃ¢â¬â¢s activity and expects it to follow the law in business procedures and taxation. Finally, the customers who buy the counterfactual goods fairly believe in their nonexistent quality. Henc e, the said categories of subjects are some of the stakeholders that this case may affect. There are two theories of regarding this managerial strategy that a company chooses, which are the ownership and the stakeholder ones; Neuromama opted the former one. The first centers around the fact that an entity exists to sell goods and to maximize the profit for its owners. The second one dictates that a company has a considerable social influence; thus, apart from earning profit, it has to be responsible for its effects on the people. Neuromama resorts to all kinds of illegal activities just to make more money: misinforms its customer and the government; engages in fraudulent schemes with other entities; manipulates the stock; offshores its money; produces low-quality goods under dishonest advertisements and other acts. Consequently, the chances that the honest stakeholders will satisfy their interests, in this case, are very slim. Most probably, shareowners, the companies in which Neuromama invested, the consumers, the stock and other ones will all suffer some degrees of losse s after the SEC conducts its thorough investigation of this case. All things considered, this case reveals how many subjects a business involves in the world currently. It becomes apparent that stakeholders include various categories of people and entities, and that they and the company are mutually dependent. Particularly, not only the stakeholders influence the companyÃ¢â¬â¢s capital, but it can also go vice versa, where the company will influence stakeholdersÃ¢â¬â¢ capital. This case reveals that the adverse managerial practices of Neuromama will ultimately cause losses in billions of dollars to millions of people. References Bryan, Bob. (2016). Ã¢â¬Å"The SEC Has Questions about a Company with No Revenue, $1,000 in the Bank, and a $35 Billion Market Cap.Ã¢â¬ Business Insider. Retrieved from, http://www.businessinsider.com/neromama-clone-of-amazon-and-atomic-fusion-stock-halted-2016-8 FranÃ §ois, Damien. (2007). The Self-destruction of the West: Critical Cultural Anthropology. Publibook. Klonowski, Darek. (2014). Strategic Entrepreneurial Finance: From Value Creation to Realization. Routledge. Lawrence, Anne T., and James Weber. (2015). Business and Society: Stakeholders, Ethics, Public Policy. 15th ed. New York: McGraw Hill Education. Print. Robinson, Matt, and Annie Massa. (2016). Ã¢â¬Å"A $35 Billion Stock, an SEC Halt and Suspicions of Manipulation.Ã¢â¬ Bloomberg. Retrieved from, http://www.bloomberg.com/news/articles/2016-08-15/a-35-billion-stock-was-just-halted-on-manipulation-concerns The SEC. (2016). Ã¢â¬Å"SECURITIES EXCHANGE ACT OF 1934.Ã¢â¬ U.S. Securities and Exchange Commision. Retrieved from, https://www.sec.gov/litigation/suspensions/2016/34-78570.pdf
Tuesday, May 19, 2020
Individual identity is constructed by many things, ranging from perceptions from others to perception of self, and is constantly changing as lifeÃ¢â¬â¢s complexities increase. Fear, or the distressing feeling of anxiety and angst, is also an unlikely but extremely important component of composition of identity as one gets older, for it is fear that shapes identification and interaction, especially in a group setting. A case where this is apparent is within Predominantly White Institutions, or PWIs, and the interactions between dominant and minority, namely Black, students. In a social setting where stereotypes and discrimination exists due to a variety of existing cultures and lifestyles, it is fear that forms social groups, guidesÃ¢â¬ ¦show more contentÃ¢â¬ ¦E. B. Du Bois as the phenomenon named Ã¢â¬Å"double consciousnessÃ¢â¬ or Ã¢â¬Å"the psychological and sociological presence of Ã¢â¬Ëtwo souls, two thoughts, two unreconciled strivings; two warring idealsÃ¢â¬â¢ within the lives of Black Americans who navigated the twoness of being Ã¢â¬Ëan American, [and] a NegroÃ¢â¬â¢Ã¢â¬ (Brooks 125). With this double consciousness, Black students can use their race as their Ã¢â¬Å"minor difference,Ã¢â¬ entering spaces where this trait is shared and cherished, giving them an automatic group to associate with and an identity as a Ã¢â¬Å"Black studentÃ¢â¬ as opposed to just a Ã¢â¬Å"student;Ã¢â¬ in a place where being Black means being a minority these students are also able to successfully navigate situations with their dominants. To reject their blackness and settle for the identity of simply an Ã¢â¬Å"AmericanÃ¢â¬ or in this case just a Ã¢â¬Å"studentÃ¢â¬ would leave them without a singular identity, as this identity does not allow for acceptance in specialized social groups. For students in college, particularly those who are a type of minority, it is important to be able to identify yourself with others, as to do so allows sharing of per sonal experiences with those who understand you in a space where many may not. This fear of being unable to identify with any one group causes many to distinguish themselves from others on the racial basis for the sake ofShow MoreRelatedPerception Of Self, Discrimination, And Failure Essay1578 Words Ã |Ã 7 PagesIndividual identity is constructed by many things, ranging from perceptions from others to perception of self, and is constantly changing as lifeÃ¢â¬â¢s complexities increase. Fear, or the distressing feeling of anxiety and angst, is also an unlikely but extremely important component of composition of identity as one gets older, for it is fear that shapes identification and interaction, especially in a group setting. A case where this is apparent is within Predominantly White Institutions, or PWIs, andRead MoreThe Value Of Self And Identity1331 Words Ã |Ã 6 Pagesself and identity are linked together since each play a vital role in shaping the individual. In this cas e the individual represents the whole, whereas one half embodies the self and the other half the identity. The self is the aspect of an individualÃ¢â¬â¢s personality or character; on the other hand identity is the social construct of the individual, which consists of social relationships, environment, values, culture, etc. that the individual surrounds themselves in. Both the self and identity are continuouslyRead MoreFacebook Is An Integral Part Of Its Users Social Life965 Words Ã |Ã 4 PagesFacebook was created in 2004 and within three years, it was reported to have more than 21 million registered members generating 1.6 billion page views each day (Needham Company, 2007). The site has become an integral part of its users social life. How many of us check Facebook more than once a day? According to a study done in 2006, the average participant spends an average of 20 minutes a day on the site, and two-thirds of users log in at least once a day (Cassidy, 2006). Facebook, allo ws its usersRead MoreMy Experience At My Field Experience1528 Words Ã |Ã 7 Pagesa teacherÃ¢â¬â¢s role in the classroom. It was a necessary task that all educational majors should do. Field Experience Site: Oconee Middle School/North Oconee High School The first field experience site I visited was Oasis, an after school program ranging from kindergarten to 3rd grade. Unfortunately, I only attended one day and realized my school and work hours conflicted with the OasisÃ¢â¬â¢s schedule. Also, it proved to be a chaotic experience and didnÃ¢â¬â¢t align my career aspirations to be a middle schoolRead MoreMotivation Concerns Action And Internal And External Forces1715 Words Ã |Ã 7 Pagesthe work environment and conditions of work, and -Intrinsic motivation; this is related to psychological rewards such as using oneÃ¢â¬â¢s ability, a sense of challenge and achievement. These rewards can be determined by the actions and behaviour of individual managers. (Mullins, L. (2010)) A personÃ¢â¬â¢s motivation/performance and satisfaction will be determined by the comparative strength of these sets of needs and expectations and the extent to which they are fulfilled. For example, some might chooseRead MoreThe Kite Runner By Khaled Hosseini1599 Words Ã |Ã 7 PagesPeople are different in many ways. Ranging from colour of their skin to their ethnic backgrounds. How society copes with these differences is what defines prejudice and discrimination. Racism, social class and ethnicity have become a never ending cycle that begins to shape the opinions of how people treat one another. The novel The Kite Runner written by Khaled Hosseini revolves around a society constructed around two socially diverse ethnic groups the Pashtuns who practice Sunni Islam and the HazarasRead MoreAdvertising Research : The Happy Homemaker2762 Words Ã |Ã 12 PagesviewersÃ¢â¬â¢ attention in order to sell the product. Many different methods are used to lure an audience in; tactics may include print or commercial ads, to either inform or to target individuals into consuming goods. There have been constant debates surrounding females in advertisements and the ways in which women are defined through their constructed identities. Society plays a heavy hand in constructing individuals gender roles, and in turn many of our identities. Women during the 1950s and onwards have beenRead MoreConsumer Culture And Economic Development Of Western Cultures2736 Words Ã |Ã 11 PagesviewersÃ¢â¬â¢ attention in order to sell the product. Many different methods are used to lure an audience in; tactics may include print or commercial ads, to either inform or to target individuals into consuming goods. There have been constant debates surrounding females in advertisements and the ways in which women are defined through their constructed identities. Society plays a heavy hand in constructing individuals gender roles, and in turn many of our identities. Women during the 1950s a nd onwards have beenRead MoreAdvertising And Social Culture And Capitalist Economy2756 Words Ã |Ã 12 PagesviewersÃ¢â¬â¢ attention in order to sell the product. Many different methods are used to lure an audience in; tactics may include print or commercial ads, to either inform or to target individuals into consuming goods. There have been constant debates surrounding females in advertisements and the ways in which women are defined through their constructed identities. Society plays a heavy hand in constructing individuals gender roles, and in turn many of our identities. Women during the 1950s and onwards have beenRead MoreThe Dark Side Of Science1724 Words Ã |Ã 7 Pagesthe invention of the wheel and how it changed the world then and now we can now see the internet and how itÃ¢â¬â¢s still shaping the world as we know it. But as we know the century old debate on the flip side of science is not a myth and like all good things even internet has its own dark side. The Dark Web is basically just the world wide web that exists on darknets and overlay networks which use the public internet but may require special software and authorizations to access. It forms only a small
Wednesday, May 6, 2020
Unfortunately heartbreak feels exactly how it sounds; a heart suddenly cracking as someone has abruptly given up on the one person they thought was everything. I remember at three years old observing at the top of the stairs as my parents threw destructive words between each other. By the time the two of them realized they shouldnÃ¢â¬â¢t be together the damage had already been done. I was five years old when my parents filed for divorce and it was finalized by the time I was six. When the divorce was final I did not see my dad; I experienced my first heartbreak at six. Months passed by of not seeing my father and my mom introduced me to her new boyfriend, Brian. As a child of two divorced parents, I instantly acted out because he wasnÃ¢â¬â¢t my dad. When I turned seven I was finally able to visit my father, and he brought the one thing I had always begged for growing up, a brother. I was thrilled, but had a hard time accepting that my dad was with someone other than my mom. Once another year passed by I was allowed to see more of my dad and stepmom; they would take me to six flags, St. Louis Zoo, movies, all of the things an eight year old loves to do. Quickly all of the fun came to an end when my dad stopped coming around again. My parents had me at such a young age neither one of them had the chance to experience the things a twenty year old gets to. Luckily, mom didnÃ¢â¬â¢t care about the partying and going out every weekend; she was the responsible parent. My father and stepmomShow MoreRelatedThe Moment Of My Father s Death1183 Words Ã |Ã 5 Pagesit myself, until I was faced with the shock, and undeniable truth of my fatherÃ¢â¬â¢s death. I don t think anyone truly contemplates about tragedy until they are actually faced with shocking news. My parents had been divorced for quite a few years by the time my oldest sisterÃ¢â¬â¢s sixteenth birthday rolled around. It was a beautiful spring day in May 2007, my three older sisters and I were sitting at the park with my dad enjoying my sisterÃ¢â¬â¢s birthday with him before he was supposed to leave to head backRead MoreMy Father s Death Bed1973 Words Ã |Ã 8 PagesWhen I came back to visit my family in South Africa in Cape Town, arriving in an unknown car at my grandmaÃ¢â¬â¢s house. It was inevitable for this occurrence to happen, right then and there I saw my grandfatherÃ¢â¬â¢s death bed. It was similar to him sleeping an endless dream, although thatÃ¢â¬â¢s what most people would say, however itÃ¢â¬â¢s actually true. Seeing my granddad laying on my grandfatherÃ¢â¬â¢s death bed made me think, Ã¢â¬Ëwhen I die would I look similar to my granddad?Ã¢â¬â¢ laying there with his arms laid by hisRead MoreThe Developing Person Through The Life Span936 Words Ã |Ã 4 PagesLoved One Will Result A Person To Mature Death is very hard to understand. Even adults have a tough time coping with their loved oneÃ¢â¬â¢s death what more a child or a teenager finding out that his father will not be around anymore. According to Kathleen Berger in the book called Ã¢â¬Å"The Developing Person Through The Life Span,Ã¢â¬ she believes that Ã¢â¬Å"Adolescents find way to vent their grief to express their personal identity concerns and control their anxiety about death by taking risksÃ¢â¬ (Berger 2014). I absolutelyRead MoreMy Views On Death And Death1263 Words Ã |Ã 6 PagesSpeaking about death in any aspect is something that my family does not speak in conversation at all. We avoid this conversation because it is a sensitive subject that is not thought about as we focus more on living life instead. Living life, going through experiences, cherishing the moments and memories, are the things we focus on as a family; not wondering how death will come upon us. As much as we live life to the fullest poten tial, it is important to understand that death will happen one dayRead MoreEssay on Role of Nature in Mary ShelleyÃ¢â¬â¢s Mathilda1668 Words Ã |Ã 7 PagesMathilda acts as an underlying theme for the incestuous affair between Mathilda and her father and its unruly consequences. Their relationship is a crime against the laws of Nature and causes Mathilda to become ostracized from the very world that she loved as a child. ShelleyÃ¢â¬â¢s implementation of naturalistic imagery accentuates the unlawful and subsequent ramifications of the relationship between Mathilda and her father and contrasts the ideals and boundaries of the natural and spiritual worlds. NaturalisticRead MoreMy Cap Paper Will Focus On A Series Of Nonnormative Events1103 Words Ã |Ã 5 PagesMy CAP paper will focus on a series of nonnormative events that began with my father becoming ill one night, then his numerous hospitalization, the diagnoses of my fatherÃ¢â¬â¢s stomach cancer that in the end resulted in his death. Sadly, my family has not yet reached an equilibrium because it is still so recent and we are trying to cope with our loss. To start off my paper I will provide information on my family. We are a family of four with different personalities. My family consists of my mother, myRead MoreWilliam Shakespeare s The Tragedy Of Hamlet Essay1372 Words Ã |Ã 6 Pagesreactions to their fathersÃ¢â¬â¢ death, their journey of revenge and their actions taken to restore family honour are two very different paths. Prince Hamlet, the protagonist of the works, is portrayed as a very sensitive and intelligent character. His mother, Queen Gertrude and Uncle Claudius, now King, clearly, do not share his open grief of his fatherÃ¢â¬â¢s death. By marrying the queen and taking the throne for himself Claudius has quickly taken full advantage of his brotherÃ¢â¬â¢s death, and, with GertrudeRead MoreShakespeareÃ¢â¬â¢s Hamlet Essays1009 Words Ã |Ã 5 Pages In ShakespeareÃ¢â¬â¢s Hamlet, Laertes and Hamlet both lose a father by unnatural and sudden death. The unnatural death of the father is brought on by someone close to the son. When Laertes discovers that his father is dead, he is outraged. When Hamlet learns from the ghost of his fatherÃ¢â¬â¢s murder, he weeps, and promises action, though he delivers none. Both Laertes and Hamlet grieve deeply for their fathers, but Laertes acts upon this grief while Hamlet carefully plots his revenge and waits for the perfectRead MoreMy Father And The Circu s1714 Words Ã |Ã 7 Pagesruin it. My mother was from a circus background, but she wasnÃ¢â¬â¢t gifted or a Ã¢â¬Å"freakÃ¢â¬ in any way. So I guess thatÃ¢â¬â¢s why my father fell in love at first site at the 1873 Ã¢â¬Å"Morex Freaky Family CircusÃ¢â¬ in Bos Town, Maryland. My father is a different story than my mother because he is from a southern family where his father was a General in the Confederate States of America Army during the Civil War; my father sÃ¢â¬â¢ uncle was actor whom became very famous. We visited the circus every summer despite my fatherRead MoreMy Perspective On Therapy And Treatment1546 Words Ã |Ã 7 PagesIntroduction Therapy has never been once considered in my life. The stigma, the reputation, and the negative view I have stored up has allowed me to only judge the field. However, after taking Human Services/Counseling 380 and Abnormal Psychology 341 this semester, my perspective on therapy and treatment has completely changed. Although it is unfortunate to know that there are some therapies and treatment approaches that may not work, it is also fascinating to know that it is very effective in curing
People in the world are not exactly alike. Cultures or countries are not the same. These differences, however, can cause problems in conveying your meanings. Each persons mind is different from others. As a result, message senders meanings and the receivers response are affected by many factors, such as individual: Semantic barriers Conventions of meaning Physical Barrier Psychological barriers Emotional barriers Perceptual barriers Barriers involving values attitudes etc Semantic Barrier A basic principle of communication is that the symbols the sender uses to communicate messages must have the same meaning in both the senders and receivers minds. You can never be sure that the message in your mind will be clearly sent to your receiver. The world is full with errors, as a result of differences in semantic (meaning) understanding. Symbol Referent (reality) Less Common Experience Common Experience Problem in Conventions of Meaning Denotation A denotation is usually the dictionary definition of a word. We will write a custom essay sample on Barriers to Communication or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Denotative meanings name objects, people or events without indicating positive or negative ualities. Such words as car, desk, book, house, and water convey denotative meanings. The receiver has a similar understanding of the thing in which the word is used. Denotation A connotation is an implication of a word or a suggestion separate from the usual definition. Some words have connotative meanings, that is, qualitative judgments and personal reactions. The word man is denotative, father, prophet, brother are connotative. Some words have positive connotations in some contexts and negative meanings in others. For example, slim girl and slim chances. Physical Barriers our own physical appearance, your audience, or the context of the document or the presentation. Your ideas, however good and however skillfully imparted, are at the mercy of various potential physical barriers. For Writing For Speaking For Writing There is a whole barrage of possible physical blocks, Jammed or Jagged margins, fingerprints or smudges, unclear photocopies, unreadable word processor printout, water or coffee, tea spots etc For Speaking Mumbling, not enunciating, speaking too quickly, noises become of hissing ventilation, blowing air conditioning, ringing telephones, slamming doors etc. Psychological Barriers Because of the changing world, everyone has his own concept of reality. Also, human beings, sensory perceptions touch, sight, hearing, smell, and taste are limited, and each persons mental filter is unique. In our daily interaction with others, we make various abstractions, inferences and evaluations of the world around us. Emotional Barriers One possible psychological block is emotional, you may be emotionally block is you are announcing a new policy you may become popular or unpopular First mayor presentation Writing someone you dislike Other may feel hostile Perception of Reality The perceptual problem is that people think differently Abstracting Selecting some details and omitting others is a process called abstracting. On many occasions abstracting is necessary. However, you should be cautious about slanted statements. Differences in abstracting take place not only when persons describe events but also when they describe people and objects. Slanting is unfair in factual reporting. When presenting some particular facts, you include your own biased ideas into it, you make slanting statement. Try not to let personal preferences affect your factual reporting of information. Inferring Conclusions made by reasoning from evidence are called inferences. We make assumptions and draw conclusions even though we are not able to immediately verify the evidence. Some inferences are both necessary and desirable; Necessary Inferences When we reach a foreign country, we are sure that we will be treated politely. When we post a letter, we infer that it will reach its destination. Conclusions we make about things we have not observed directly can often be against our wishes. Barriers Involving Values, Attitudes etc. Both personality and attitude are complex cognitive process. The difference is that personality usually is thought of as the whole person whereas attitude may makeup the personality. The term attitude describes people and explains their behavior. More precisely an attitude can be defined as a persistent tendency to feel and behave in a particular way towards some object. For example: Name does not like night shift, so his attitude is negative towards his work assignment. A receivers attitude toward a message can determine whether it is accepted or rejected. The effectiveness is influenced also by the values, attitudes, and opinions of the communicators. People react favorably when they receive agreeable message. Receivers views of the information will affect their response. This response could be what the sender desires or Just the opposite. Occasionally people react according to their attitudes toward a situation rather than to the facts. Closed Mind Some people hold rigid views on certain subjects. They maintain their rigid views regardless of the circumstances. Such a closed minded person is very difficult to communicate to. Senders Credibility Other factors effecting attitudes, opinions and responses Environmental stresses Personal problems Sensitivity
Wednesday, April 22, 2020
Introduction Airbus has emerged as one of the most powerful aircraft manufacturers in the world. However, it is facing a number of internal and external problems that will require fresh insights. The report will look at these issues and recommend a five year plan designed to meet those challenges.Advertising We will write a custom report sample on International strategy for Airbus specifically for you for only $16.05 $11/page Learn More Models and framework (Internal and external issues) The Porter Generic Model is quite useful in analysing the external issues affecting Airbus. Five major factors are usually analysed in this model and they include: threats of substitutes, threats of new entrants, bargaining power of suppliers, bargaining power of buyers and threats of competitors. When one considers the threats of competitors, it is evident that the aircraft manufacturing industry has relatively few players. Most of these manufacturers are internationall y renowned and have built networks across the globe; they include Boeing and McDonnell Douglas. Currently Airbus and Boeing have the largest market share in the industry. Boeing has attained this large market share through an extensive aircraft range. BoeingÃ¢â¬â¢s investments in technology have also contributed to its successes. The development of solutions that can contribute to cost effectiveness of airplanes has also made Boeing quite successful (Matthew, 1997). Examples here include: optimisation of seat capacities and creative wing design. Boeing has also forged strategic alliances and initiated joint ventures with many foreign associations and forums. These and many more reasons make Boeing a force to reckon with in the aircraft manufacturing industry. Airbus caught up with this organisation but much more needs to be done for the organisation to dominate market shares. Boeing will keep Airbus on its toes in the near future especially through its recent legal suits. The form er company claimed that Airbus was not playing fair by its overreliance on government subsidies (Burgos, 2005). Airbus needs to think of other ways of securing its financial future if it hopes to compete with Boeing. The second element in PorterÃ¢â¬â¢s five forces is threat of new entrants. The aircraft manufacturing industry has very long product development cycles. Furthermore, entrepreneurs must part with huge capital investments before they can establish themselves in the industry. They also require a vast pool of skilled employees before they can build or design any aircraft.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Existence of a proven track record is also another factor that needs to be taken into consideration prior to entry into this industry. All these obstacles make it such an uphill task to start aircraft manufacture. Nonetheless some countries such as Japan and China already have the right infrastructure and trade policies needed to make it in this industry; Airbus needs to enact measures that will always keep it a step ahead of such potential threats. Military craft manufacturers may also be tempted to enter into this market once their respect markets start going down (Nichols, 2001). Threats of substitutes in the airline industry are also another reality. Airbus deals with the manufacture of aircrafts. Any industry that can substitute airline transport is considered as a threat. Although few sectors can deliver the economy, efficiency and security of the airline industry, it is necessary to acknowledge that train services are still a very formidable force. Some electric trains now exceed 200 miles per hour and if these rail networks are integrated in Airbus markets, then demand for the companyÃ¢â¬â¢s products could substantially reduce. Information technology may also prove to be a substitute in the future. It is likely that more companies will embrace teleconferencing and other technical methods of communication. This will reduce the need for air travel and would thus minimise demand for AirbusÃ¢â¬â¢ products. In terms of the bargaining power of buyers, airlines have considerable clout in this industry. Most of them have been affected by the global economic downturn and many are dealing with financial challenges. A number of them are working on optimising their operations so this will definitely affect how they purchase products from Airbus. Aircraft manufacturers have a small selection of buyers because their products cannot be sold to the mass market (Benkard, 2004). Most airlines have associations that give them a lot of power and clout in determining the prices or strategies of aircraft manufacturers.Advertising We will write a custom report sample on International strategy for Airbus specifically for you for only $16.05 $11/page Learn More Airbus must look for ways of coping with this strong market base either through technological or strategic advancements. Unless Airbus can deliver, it will be extremely keep such as demanding market base satisfied. Threats of suppliers are also crucial in AirbusÃ¢â¬â¢ external environment. In engine manufacture, companies like General Electric and Rolls Royce have a lot of bargaining power. These engine suppliers sometimes get into joint development programs with airlines; they determine how engines for their planes will be manufactured. The ability of suppliers to vertically integrate with other members of the supply chain makes them quite a formidable force. Airbus must also deal with the problem of regulatory institutions. All of them need to give approval to the companyÃ¢â¬â¢s products before it can be sold. Sometimes the firm needs to negotiate or defend itself and this may slow down business. Financial leasing institutions that purchase products from Airbus and lease them out to airlines are also another entity t hat adds to the strength of suppliers in this industry. Airbus must seek new ways of staying above the tide even with all these external challenges. An internal analysis of this organisation reveals several challenges as well. The World Trade Organisation has ruled that the dependence on subsidies by Airbus is not a fair way of carrying out business (Newhouse, 2008). As a result, Airbus must now look for new ways of managing its finances by either cutting costs or creating new revenue generating streams. This aircraft manufacturer also has some challenges in product development. Currently, the firm is trying to create a model that can match up to rival BoeingÃ¢â¬â¢s Dreamliner 787. It has been working on the A380 jumbo jet but the product is yet to be fully developed (Norris and Warger, 2008). Operational challenges are also worrying this organisation. The company needs to improve its cycle times and manufacturing efficiency. At the same time, excessive inventory must be avoided i n order to minimise wastage. In the process of dealing with the latter two challenges, Airbus needs to streamline its supply chain through integration of customers and suppliers into the manufacturing process. These challenges must be done in a way that delivers quality servicesAdvertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More International strategy recommendations for 2012-2016 If Airbus is to cope with excessive competition from Boeing, it needs to cost cut, deal with operational challenges and respond to product innovation needs through implementation of an outsourcing program in the next five years. The major aims of enacting an outsourcing program will be to address inefficiencies in operations through lean manufacturing. The company will be sure about on-time delivery and high customer satisfaction if it outsources wisely. In the next three years, the company will be in a position to boost the quality of its products by reducing any returns that may have been instated by aircraft regulatory bodies. It will reduce lead times and thus produce aircrafts in a faster and more efficient way. Airbus ought to outsource wisely; the company should not enact a radical operation as this may backfire on it (Perret, 2008). Part of the reason why Airbus has been doing so well is that clients can hold it responsibl e for the products it creates. If responsibility for the whole construction process is transferred to another party, then this could undermine the companyÃ¢â¬â¢s credibility. The first thing that Airbus must continue to do is to design the aircrafts themselves. Airplane construction consists of a series of sophisticated components that involve several specialised employees who must each take charge of separate production lines. These separate parts must then be taken to the main line and assembled. Sometimes the tail of the plane may not even appear as it should be until months after working on it. Because of these complex production processes, Airbus must spend a lot of money on wages, operations, inventory and other operations. Handling these disjointed processes has therefore been hurting the firmÃ¢â¬â¢s profit margins. As a result Airbus has been spending approximately six hundred thousand pounds per hour during the assembling process. Clearly, it would make sense if the com pany could cut down on some of these expenses by outsourcing. In this regard, instead of leaving the production of particular components to certain suppliers, these same vendors could create an entire section of the plane and then deliver it to airbus. It should be noted that outsourcing is nothing new to Airbus. It has been using suppliers from various European countries and has been taking the final assembly to France. In this global strategy, Airbus will take their outsourcing to another level; they need to outsource the parts to other non European countries such as Japan and China. The main advantage with these Asian economies is that they are low wage regions. Furthermore, their governments will be willing to provide a local market for the airplanes if the production process is in those countries. JapanÃ¢â¬â¢s government asserted that they were willing to offer a ready market to foreign airplane manufacturers if those processes were brought closer home, so this would be a gre at destination. Not only will Airbus be guaranteed a regular market in Asia, it will also be producing its airplanes at a much cheaper price. The company will increase its profit margins substantially if it continues to do this effectively. The other country that will be an important part of this outsourcing strategy is China. China has great prospects for the manufacture of aircrafts because its government is planning on building a mainline airliner there (Kogan, 2008). Besides, this nation is very competent in manufacturing technologies. The only challenge for Airbus will be handling the potential competition that may emanate from the collaboration. Between 2012 and 2016, Airbus should work on construction and designs of certain components with Chinese partners. They can avoid giving away all their knowhow so that they can protect themselves from any losses to competitors. The current aircraft A380 should be a start; China should be working on twenty percent of the Aircraft while other traditional plants can work on other parts (Robertson, 2006). In the next five years, Airbus should dedicate its efforts towards design and improvement of some of its models. It should still maintain production of essential aircraft components because these could make or break the firm. Nonetheless, engineers and other professionals in the original production plants need to keep collaborating with the Japanese and Chinese component producers in order to ascertain that previous standards are met or even exceeded. Traditional manufacturers like the UK should still be maintained because it has been shown that this country is an expert in wing production. Excellent plants ought to be retained but those who demonstrate otherwise need to be replaced by the Asian centres. This strategy should also involve pushing maintenance functions further down the supply chain line. Airbus is incurring a lot of expenses during after-sales maintenance processes. Dissatisfied customers may bring th e aircrafts to Airbus who must compromise on their core competences because of these needs. In the next five years, Airbus needs to change this process; it should outsource maintenance services to specialists. They are likely to produce very effective results because their sole focus is aircraft breakdowns. Specialised third parties can even predict potential failures and thus save consumers from any costly accidents. This would free up Airbus so that it can focus on its main goal which is to manufacture airplanes; not to repair them. Outsourcing has already been embraced by AirbusÃ¢â¬â¢s rival Ã¢â¬â Boeing and this explains why that player has reduced its operational costs in the short term (Irwin, 2004). If Airbus chooses this strategy, it is likely that the firm may save approximately ten billion Euros by the end of the five year period. This will largely stem from lower overhead costs that account for about 32% of the companyÃ¢â¬â¢s expenses. At the end of this period, th e organisation should assess the success of the scheme and continue to improve it if it appears to be working. Furthermore, the A38O jumbo jet will be worked on thoroughly by the concerned organisation. It will get a chance to meet its target and will also share risks with its partners. Conclusion An analysis of the aircraft manufacturing industry reveals that there is immense competition, buyers are becoming more demanding, costs are increasing, product development is lagging behind especially for the A380 jumbo jet, buyer demand may go down, and countries like Japan may enter the aircraft manufacturing industry. To respond to these challenges, an outsourcing strategy has been recommended for the next five years. It will entail component outsourcing to Japan and China and collaboration with engineers there. The strategy will save on overhead costs, improve core competencies and spread risks. References Benkard, C. (2004). A dynamic analysis of the market for wide bodied commercial aircraft. Economic studies review, 3(16), 45-67. Burgos, A. (2005). US, EU to settle Airbus-Boeing dispute. Forbes magazine, January 11 2005, p. 14. Irwin, D. (2004). Airbus versus Boeing revisited: international competition in the aircraft market. Journal of international Economics, 64(2), 223-245. Kogan, E. (2008). ChinaÃ¢â¬â¢s commercial aviation in take off mode. Asia Times, February 8 2008, p. 23. Matthew, L. (1997). Birds of prey: Boeing vs Airbus, a battle for the skies. London: Four walls eight windows. Newhouse, J. (2008). Boeing versus Airbus: the inside story of the greatest international competition in business. NY: Vintage. Nichols, M. (2001). Airbus Jetliners: the European solution. Stanford: Key Publishing. Norris, G. Wagner, M. (2005). Airbus A380: Superjumbo of the 21st C. Berlin: Zenith Press. Perret, B. (2008). Airbus looks at new strategies in China. Aviation week [online]. Robertson, D. (2006). Airbus will lose 4.8billion Euros because of A380 delays. The Tim es, October 2 1006, p. 3. This report on International strategy for Airbus was written and submitted by user Conor Richmond to help you with your own studies. 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Monday, March 16, 2020
An Online Tool Hyperlocally Targets Language Usage An Online Tool Hyperlocally Targets Language Usage An Online Tool Hyperlocally Targets Language Usage By Mark Nichol According to a recent news article, thanks to Internet magic, online companies can identify hyperlocal vocabulary, which might have an impact on language usage and the development of tomorrowÃ¢â¬â¢s vocabulary. Yelp, the popular online search and review site, now has a feature on its site called Wordmaps, which shows visitors the concentration of use of certain words in certain geographical areas as small as city intersections. (The service, as of this writing, is limited to eighteen words used in a dozen American and Canadian cities, plus London and Paris, but itÃ¢â¬â¢s certain to expand its linguistic and geographical scope.) What are the ramifications of such a surgically specific service? Think of the possibilities for advertising and marketing: Anyone will be able to search a neighborhood, city, or region to determine the relative prominence of certain words. Real estate agents can note the prevalence of Yelp reviews that mention great restaurants, exciting shopping opportunities, superior schools, and sophisticated cultural experiences. Cities, counties, and states can attract prospective residents and tourists by publicizing the incidence of inhabitant- and visitor-friendly keywords. Businesses in general can take advantage of such data to encourage customers and clients to flock to certain places. Is this a good thing, or a bad thing? IÃ¢â¬â¢m not passing judgment on it; I just find it interesting, although itÃ¢â¬â¢s simply a more technologically sophisticated way of selling a locale something people have been doing since the dawn of civilization (and perhaps earlier). HereÃ¢â¬â¢s what interests me: This kind of tool will also have an impact on our language not necessarily a sea change, but something worth commenting on. People who are more technologically savvy will be more likely to employ this type of service and its offshoots. Technologically savvy people are more likely to drive social and cultural change. Thus, YelpÃ¢â¬â¢s Wordmaps and similar tools are likely to accelerate adoption of slang and trendy locutions, to raise the profile of some words and phrases and speed the obsolescence of others. Again, this is nothing new, but the way it is accomplished and the speed with which it might be accomplished is new. ItÃ¢â¬â¢s analogous to any form of information dissemination: Think of how alphabets, the printing press, journalism, telegraphy, telephony, radio, television, and the Internet, in turn, each revolutionized the way we communicate, introducing new terms and concepts faster and more widely than ever before. YelpÃ¢â¬â¢s Wordmaps is another chapter in that story. Will it have an effect on your professional or personal writing? To some extent, it will but whether itÃ¢â¬â¢s measurable or noticeable remains to be seen. However, if youÃ¢â¬â¢re in the business of selling and if you write professionally, you are you might want to keep an eye on this new technology. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Business Writing category, check our popular posts, or choose a related post below:The Yiddish Handbook: 40 Words You Should KnowAmong vs. AmongstIs "Number" Singular or Plural?
Saturday, February 29, 2020
Airasia Xs Business Environment Tourism Essay X targeted the less disposable income travelers who overlooked by traditional airlines even by some low cost carriers. The low price of ticket and abundant of destination network provided travelers more opportunities to fly. Moreover, X explored the new technology to reduce transaction cost for travelers Ã¢â¬â the cell phone sales of ticket. As AsiaÃ¢â¬â¢s economic grew, people from Asia have higher spending power and they will select air transportation to travel more frequent than before. X should cater to a broader passengers segment across different needs categories. Back to a short time after the inception of X, the Malaysia Transport Ministry even refused to release the air route from Kuala Lumpur to Sydney for X in order to protect Malaysia Airlines which is the national airline. Afterward, X prepared for IPO but did not want to be list on the KLSE. Due to worry about the Malaysia government could slow down some of XÃ¢â¬â¢s expansion and continue to refuse some routes a pplication. X put off the IPO till the end of 2011 and early of 2012. AirAsia XÃ¢â¬â¢s industry environment Although the entry barrier of airline industry is high such as huge capital requirement and governmental legal barriers, low cost long haul carriers are suffering strong competition. On one hand, most of low cost long haul carriers are launched by their parent company. For example, X is a sister company of AirAsia, Scoot Airline is a subsidiary of Singapore Airline. They can enter the industry because of the background of their parent company. On the other hand, the cost of aircraft, fuel and airport is the majority expense in airline company, the high bargain power of suppliers gave much pressure to them. Train and ship are the substitutes of airline, but they are hardly to take place of low cost long haul airline. Even though the price is more expensive than bus and ship, low cost long haul carriers provide variable, efficient and convenient transport service. Sometimes, l ow threat of substitutes indicates high competition in the industry. In Southeast Asia market, Jetstar from Australia and Scoot from Singapore are the main competitors of X. Jetstar is the earliest company to operated low cost model of them, it has much experience about low cost control. It has huge fleet and good quality service. Its fatal weakness is the highest ticket price provided among the three companies. Scoot is a new low cost long haul carrier in 2012. It has narrow route network and higher price than X. However, it has absolute cost advantages in route from Singapore to Australia currently. Compared to them, X has the lowest average ticket price and the largest passenger load. AirAsia XÃ¢â¬â¢s Strategy X successfully integrated low cost model in every organizational activities. It sharply griped the true needs of lower disposable income customers to attract new customer segments and created value to customers around low cost. Primary activities Activities Description In bound logistics Although X formally separated from AirAsia, they still jointly purchase important resources such as aircraft and fuel. It will strengthen their bargaining power towards suppliers. X reduced costly investment in terminal or non-airplane related infrastructure help to decrease the cost of flight for passengers. Meanwhile, X pays much attention to flight safety. It has a high standard aircraft maintenance team.