Principles of Detail Design Essay Example | Topics and Well Written Essays - 750 words

Cross-Price Elasticity of Demand

Cross-Price Elasticity of Demand Cross-Price Elasticity of Demand (now and then called just Cross Elasticity of Demand) is an outflow of how much the interest for one item lets consider this Product A progressions when the cost of Product B changes. Expressed in the theoretical, this may appear to be somewhat hard to get a handle on, however a model or twoâ makes the idea clear its not difficult.â Instances of Cross-Price Elasticity of Demand Accept for a second youve been fortunate enough to get in on the ground floor of the Greek Yogurt rage. Your Greek yogurt item B, is tremendously well known, permitting you to expand the single cup cost from around $0.90 a cup to $1.50 a cup. Presently, truth be told, you may keep on progressing admirably, however probably a few people will return to past non-Greek yogurt (Product An) at the $.090/cup cost. By changing the cost of Product B youve expanded the interest for Product A, despite the fact that theyre not profoundly comparative items. Actually, they can be very comparative or very unique the fundamental point is that there will regularly be some connection, solid, feeble or even negative between the interest for one item when the cost of another changes. At different occasions, there might be no relationship. Substitute Goods The headache medicine model shows what befalls the interest for good B when the cost of good An increments. Maker As cost has expanded, interest for its anti-inflamatory medicine item (for which there are many substitute goods)â decreases. Since anti-inflamatory medicine is so broadly accessible, there most likely wont be an extraordinary increment in every one of these numerous different brands; nonetheless, in cases where there are just a couple of substitutes, or maybe just one, the interest increment might be stamped. Gas versus electric cars is an intriguing case of this. Practically speaking, there truly are just a couple of vehicle choices: gas cars, diesel, and electrics. Fuel and dieselâ prices, as youll recall, have been amazingly unpredictable since the late 1980s. As U.S. gas costs came to $5/gallon in some West Coast urban areas, the interest for electric vehicles expanded. Nonetheless, since 2014 gas costs have fallen. With that, interest for electrics fell with them, putting vehicle producers in an impossible to miss spot. They expected to offer electrics to keep their armada mileage midpoints down, yet purchasers started purchasing gas trucks and bigger gas cars once more. This constrained makers Fiat/Dodgeâ is an a valid example to bring down the cost of electrics beneath their real creation cost so as to continue selling gas controlled trucks and muscle vehicles without setting off a national government penalty.â Complimentary Goods A nearby Seattle band has an advancement hit a great many streams, many, many downloads and aâ hundred thousand collections sold, all in half a month. The band starts visiting and in light of interest, ticket costs start climbing. In any case, presently something fascinating occurs: as the ticket costs increment, the crowd decreases no issue so far on the grounds that whats happening basically is that the band is playing littler scenes yet at incredibly expanded ticket costs still a success. Yet, at that point, the groups the board sees an issue. As the crowd becomes littler, so do the deals of every one of those good grade up collectibles band T-shirts, espresso cups, photograph collections, etc: theâ merch. Our Seattle band has dramatically increased the ticket cost at $60.00 is as yet selling about half the same number of tickets at each venue. So far so great: 500 tickets times $60.00 is more cash than 1,000 tickets times $25.00. Be that as it may, the band had delighted in powerful merchandise deals averaging $35 a head. Presently the condition looks somewhat changed: 500 tix x $(60.00 $35.00) is under 1,000 tix x ($25.0035). The drop in ticket deals at a more significant expense made a proportionate drop in merchandise deals. The two items are correlative. As the cost increments for band tickets, the interest for band merchandise drops.â The Formula You can ascertain the Cross Price Elasticity of Demand (CPoD) as follows: CPEoD (% Change in Quantity Demand for Good A)â ã · (% Change in Price for Good A)

International Terrorism Essay Example | Topics and Well Written Essays - 1000 words

Worldwide Terrorism - Essay Example What's more, U.S. insight reports state that Hezbollah cells work in Europe, Africa, South America, and North America. In spite of Israel's 2000 withdrawal from Lebanon, Hezbollah proceeds to occasionally shell Israeli powers in the contested Shebaa Farms outskirt zone. Jihad is a profound war battled for the reason for protecting religion. It has an extraordinary noteworthiness in the lives of Muslims. Like any language, Arabic has remarkable words which have a specific significance which can't be deciphered definitely. The best interpretation known for such a word is the accompanying: a true and recognizable exertion (for good); an all obvious and unselfish taking a stab at profound great. Jihad as introduced in theQuranand any ofthe different sacred texts suggests the endeavoring of profound great. Along these lines Jihad can not be called as a psychological oppressor movement it is basically an apparatus for defending the strict rights. This Jihad especially includes change in one's self and attitude. It might concern the penance of material property, social class and even passionate solace exclusively for the salvation and love of 'God alone'. Thus, one who rehearses Jihad will pick up immensely in the Hereafter. Question 3 (Osama receptacle Laden and ascent of Al-Qaeda) Osama receptacle Laden is key job player in this world. He is the pioneer of a little association working at a huge scope. He is viewed as the most hazardous fear monger on the planet. Container Laden joined the Afghan opposition in 1979 and turned into an officer in the guerilla wars against the Soviet Union during the 1980s. After that war finished, canister Laden established a free association of star Islamic psychological oppressors known as al-Qaeda. Container loaded has been the primary wellspring of dread in the US. After the Soviet... The scientist mentiones that Hamas is that it is an activist antipeace process association, twisted on Israel's complete annihilation and the foundation of a Palestinian State - an Islamic religious government - in Israel’s place. Hamas has been effectively engaged with penetrating harmony for the Palestinians how ever its drive are against Israel and they show themselves as the worldwide foe of Israel in this way taking steps to expel the province of Israel from the guide. Hezbollah is a Lebanese umbrella association of radical ‘Islamic Shiite’ gatherings and associations. It restricts the West, tries to make a Muslim fundamentalist state demonstrated on Iran, and is an unpleasant enemy of Israel. Hezbollah, whose name implies â€Å"party of God,† is a fear monger bunch accepted answerable for almost 200 assaults since 1982 that have murdered in excess of 800 individuals, as indicated by the Terrorism Knowledge Base. Osama receptacle Laden is key job playe r in this world. He is the pioneer of a little association working at a monstrous scope. He is viewed as the most hazardous psychological militant on the planet. Canister Laden joined the Afghan opposition in 1979. The specialist then concluds that it is difficult to haggle with so much associations as they are emphatically strict and nobody can cause a fanatic to see effectively as the radical will do anything so as to demonstrate his privilege and worth. Undoubtedly, he is from an inborn family which again makes him an inflexible man, a man of standards, which he will never forego who underscored his longing to make sure about the withdrawal of U.S.

How I Became Hettie Jones with Two Secondary Sources…

How I Became Hettie Jones. The skin shade of an individual used to be a major issue in America, which seemed to have been settled; in any case, it is as yet a major issue today. In spite of the fact that there is no longer subjugation, various individuals keep on acting in a supremacist design. They pass on these contemplations of partiality and prejudice to their youngsters, who at that point give it to their kids, etc, in this way it turns out to be incredibly hard to forestall it. Preference is an ominous assessment or feeling framed in advance or without information, thought, or reason. There are as yet various generalizations that can be related with an individual's skin color.Stereotypes are viewed as encapsulating or adjusting to a set picture or type. In any case, there isn't just partiality towards the dark network, yet additionally a bias against the white network. Hettie Jones recounts to an amazing account as an unusual lady during the 50s and 60s, battling to discover he r place and job on the planet in New York City during the Beat age. She was initially conceived as Hettie Cohen. This changed in the wake of meeting a kindred worker bound to turn into her life partner. She realized that their sentiment would cause analysis and uneasiness with certain individuals, as any interracial sentiments with â€Å"Negros† would at the time.He essentially had a lot of going for him, being a â€Å"warm, amusing, voluble, delicate, fiercely eager, remarkably confident†¦Ã¢â‚¬  Hettie became pregnant twice, one kid prematurely ended, the other she kept as the two marry. Both of their folks were basically crushed to find out about them being as one. Eventually be that as it may, the Jones family gave Hettie acknowledgment, inviting a white little girl in-law to the family. With respect to Hettie Jones, she didn't view herself as white, since she didn't have a clue what that implied in any case which is the explanation that caused her to wed a dark ind ividual regardless of whether everyone around her gave her peculiar looks.She cited â€Å" For being somebody these individuals couldn't impact, or hold, excuse me, however this is America†¦.. Once in a while you need to go out and about. †(62). Be that as it may, after their first significant battle, during which Roi slaps her, Hettie notes, â€Å"Do you see race in this? Have you overlooked? It would deteriorate. † Many years and two youngsters later, it does: affected by the Black Power development, Roi becomes progressively conflicted about the reality of his better half's race, at last declining to take her to the opening of his play, Dutchman.The marriage, reflecting the occasions, breaks down; as Jones notes: â€Å"It fit right in with dissolving dark white political coalitions. † In Andrew Hacker's book, Two Nations:Black and White, Separate, Hostile, Unequal. Programmer contends that blacks and whites live in two unique universes. Programmer accept s that race assumes a bigger job in America than it does anyplace else on the planet. The title has numerous sources and anticipates a portion of the ends he makes in the book. The â€Å"Two Nations†being examined are the White country and the African-American (Black) nation.It has been said commonly in history that the two significant races in this nation have been independent, unfriendly and inconsistent. This book is Hacker's supposition with respect to the genuine elements of race and how it controls lives and partitions society. The coordination issue was brought up in the part of the book: Being Black in America. In thischapter, the creator attempts to depict in detail what an African-American experiences and needs to manage essentially as a result of the shade of his/her skin.Hacker shows how dark individuals feel they are taken a gander at and treated by white America. He appears to truly need to worry to white individuals that they should attempt to see things from a dark point of view. He needs whites to attempt to envision what it resembles to have a shame connected to you in light of the shade of your skin. He discusses issues that run from lodging, to police, to their family structure, to conspicuous segregation, to clarifying and safeguard themselves (and here and there all blacks all in all) mentally to white individuals.

IB History Extended Essay Topics

IB History Extended Essay TopicsThere are many IB history extended essay topics available in different subjects such as politics, economics, technology, history and many more. Before applying for the IB exams, students should understand that certain topics are not a part of the curriculum and they will need to opt for other essays that are compulsory to write. To help students with this, you can easily find IB history extended essay topics from college websites, books or simply browse the Internet for the specific subject you want to discuss.Whether you want to write an IB History Extended Essay on the war in Iraq or on the war in Afghanistan, it is advisable to choose the topic that is compulsory to write in your syllabus. Of course, it is very important to follow your teacher's guidance when writing the essay but it is important to also remember that it is your choice whether you want to write an extended essay on a subject that is not covered by the syllabus or you would rather ch oose a topic that is covered by the syllabus but does not fall under the IB subject.Before choosing your IB history extended essay topics, it is also important to read books and articles about the subject that you want to write about. This will help you understand the entire academic context of the subject you are writing on.You also need to be familiar with the syllabus and a professor's writing style so that you can ensure that your essay is both interesting and coherent. The best way to prepare for an IB history extended essay is to ask a professor for some sample questions so that you can study it before writing your essay.When choosing the topic that you want to write on, you should consider how to properly convey the important concepts or ideas in your essay. This is one of the most important IB extended essay topics that you need to consider carefully.Some people tend to write politically charged essays on subjects like election campaigns and political events while others ten d to write books on a particular topic. Asking a professor for some sample questions will help you determine which type of essay to write on what topic.If you are unsure about a particular topic, it is always important to ask a professor's opinion on a topic before writing your essay. When you ask a professor for his or her opinion, it is better to listen to what he or she has to say and choose a topic that will match what he or she said.There are also certain topics that are not included in the IB curriculum that you can choose to write on. If you are undecided whether to write on these topics, it is best to consult a professor or even better, find a list of topics available in the Internet and do not forget to read the list thoroughly.

National Mexico States - Free Essay Example

National Security Affairs Country Brief, Mexico Abstract The purpose of this National Security Affairs paper is to provide you with a better understanding of Mexicos current state of affairs and how it impacts other nation states. These writings cover Mexicos strategies and operational factors and how these impact their Foreign Policy. This includes how Mexico has made concerted efforts to strengthen its economy and unemployment by being one of the worlds most open trade regimes, but still maintains its world non-intervention posture. With the ongoing presence of terrorism and insurgency in the world, The United States and its military is continuously exerting efforts to eliminate these issues with efforts by Mexico. Introduction Mexico, geographically speaking, is located in North America and is bordered on the east and west by the Gulf of Mexico and Pacific Ocean, respectively. Land borders exist in the north and south; the United States of America and Guatemala, also respectively. Mexico consists of 49,510 sq. km of water and 1,972,550 sq. km of land, totalling 1,972,550 sq. kms. This is slightly less than three times the size of the great state of Texas. National Purpose As with Mexicos size, its National Purpose is also a large task to manage. Since the signing of the North American Free Trade Agreement (NAFTA) in 1994, Mexicos national purpose has been to: Increase international competitiveness Strengthen the economic condition /Reduce Poverty levels National Non-intervention Mexico plans to increase international competitiveness through free trade with other nations to reduce the dependency on the US. Reducing crime and drug trafficking will provide strength in the economic condition. Finally, expanding Mexicos trade agreements into Europe and Latin America is a crucial target, but still maintaining their national non-intervention is essential. These were challenges faced by former President Fox and the newly elected president, President Caldern. Mexico has no major adversary or minor adversary. US influence and impact on Mexicos National Purpose is fundamental to US interests. US relations with Mexico have a direct impact on lives and livelihoods of millions of Americans. (*USDofS) This is observed through Mexicos free trade, economic reform, homeland security, drug control, migration or democracy. (*USDofS) Ideology Practices Mexicos governmental function is based on a federal republic. The government power is broken into three separate branches; the independent, executive and the judicial. This government was established from the Mexican Constitution in 1917. The president holds the head of state and the head of government, which this vested power allows the executive branch to be the dominant branch in Mexico. Congress delegates power to the president to execute decree in certain economic and financial areas. The president also executes the laws of Congress. Unlike the United States, the Mexican president is elected to a six-year term and cannot hold a second term. In addition there is no vice president to back the current president and Congress will step in to handle matters if necessary. The second branch executed in Mexico is the legislative authority consisting of the Bicameral National Congress, also known as the Congreso de la Union. The Union consists of 128 seats, 96 are elected by popular vote to serve six-year terms and 32 are allocated by each partys popular vote. (*Country Watch) The other half of the Legislative branch consists of the Federal Chamber of Deputies, which the 500 seats allocated, serves a three-year term. The final branch, or judiciary, is divided into state and federal court systems. There is no trial by jury, but rather by judge. Public defenders are available and defendants also have the right to counsel. The Senate approves the Supreme Court of Justice (Suprema Corta de Justica Nacional) that is appointed by the president. Mexico has no major adversary or minor adversary. US influence and impact focus is on the establishing a democratic, free-market regime in Cuba or other nation states. (*Country Watch) The US and Mexico agree on these goals, but the tactics are unsettled. National and conflicts of interests Mexico has little involvement outside of its boundaries with regards to defence actions. Mexicos military consists of close to 500,000 strong with population eligibility of 2.1 million. After September 11, 2001 Mexico declared full support to the United States. Border controls and increased security were enforced to prevent potential terrorism. Even though Mexico pledged full support, the country provided no troop support and the public believes that the United States War on Terrorism was not their concern. (*Country Watch) This reaction is a prime result of Mexicos desire to maintain its sovereignty. This agreement, very possibly, could create conflict between the US and Mexico. Mexicos economic wellbeing is focused on the reduction of the poverty level and the increase of wages. With Mexico being the 4th largest oil producer in the world, Mexicos recovery is due to the strong export sector. Mexicos Gross National Product (GNP) grew 3% in 2005 and continues to grow. Countries have built assembly plants in northern Mexico to accommodate the automotive industry in the United States and Canada. NAFTA is the primary factor for the increase in the overall economy in Mexico. The world order element is seen in the efforts of the Mexican government to establish relationships with multiple countries regarding trade agreements. Mexico participates in several international organizations such as United Nations Security Council (UNSC), Asia Pacific Economic Cooperation Forum (APEC), European Union and the founding member of the World Trade Organization (WTO). Ironically Mexico declined membership to Organization of Petroleum Exporting Countries (OPEC). Conflicts with Venezuela on forcing free trade agreements have continued and resolution has still not been met. The other major interest on the world order issue is the efforts between the US and Mexico on controlling and coordinating the reduction of narcotics and illicit drugs into the United States. Currently Mexico faces no major adversaries. The US could be considered a minor adversary due to the amount of trade and economic support provided to Mexico. If that trade would dissipate the economy would fold. US influence and impact is seen in their efforts that the US, Canada and Mexico have joined agreements on creating a free trade alliance. Mexico relies on the 86% imports from the United States. NAFTA has created that flexibility, assisting in improving Mexicos economy. National Power Mexico focuses on six elements of National Power, which are geographic, demographic, political, military, economical and national will. National power for Mexico, since the decline of the Peso in 1993, has had to focus greater efforts on the economic element to re-establish the economy. The first of the six elements, geography, is very diverse. The climate ranges from tropical to desert. That climate fosters various terrains consisting of high rugged mountains, low coastal plains, high plateaus and desert. The average rainfall is 762mm/30in and the average temperature in January and July is 13.3 degrees C and 16.7 degrees C, respectively. These geographic conditions assist in producing the natural resources of petroleum, silver, copper, gold, timber and many others. These resources are eventually exported. The geographic element of Mexico, also possess threats of tsunamis along the pacific coast, volcanoes, massive earthquakes and hurricanes on the pacific and the Gulf of Mexico. The demographics of Mexico, for 2006, consist of a population of roughly 107,000,000. This population is estimated to have a 1.16% growth rate in 2006. This increase is partly to due to Mexicos reputation of undocumented immigrants to the United States. As a result, Immigration form Central America into Mexico is similar to the immigration from Mexico into the United States. The population of Mexico consists of three major ethnic groups. The groups are 60% Mestizo, 30% Indigenous, 9% European descent and 1 % other. (*World Fact Book) Mexico is the home to the second largest Argentine population outside of Argentina. Mexico is also an excellent place for retirees and is considered to have the largest population of US citizens outside of US territory. This is a direct result of the growing economy and business interdependence caused by NAFTA agreements. The political area of Mexico consists of several parties. They are the Convergence for Democracy, Institutional Revolutionary Party, Mexican Green Ecological Party, National Action Party, Party of Democratic Revolution, and Workers Party. Most recently the election of 2006 between Felipe Calderon (PAN) and Andres Manual Lopez Obrador (PRD) resulted in less than one percent margin of victory. Even with Calceron winning, Obrador did not observe Calderon as President and contested the election at first. Even with the change of leadership, the Mexican population continues to focus on two things: reducing poverty and increasing jobs in Mexico. The Mexican Military consists of the Secretariat of National Defence and Secretariat of the Navy. The National Defence element consists of the Army and Mexican Air Force followed by the Navy consisting of the Naval Air and Marines. Individuals at the age of 18 must serve a 12-month obligation. Mexicos military currently has 192,770 active soldiers and 300,000 reserves. The economic element for Mexico has improved since the 1994-1995 crises. NAFTA has tripled the trading volume with Canada and the US. Mexico has entered the trillion dollar GNP class economically for being a free market economy. In addition, Mexico has 12 trade agreements with over 40 countries including Guatemala, European Free Trade Areas and Japan. (*Wikipedia) 85% of the trade is still being conducted with the United States, but allowing 90% free trade agreements will reduce the dependency on the US. The automotive industry has improved economic stability by being located next to the world largest automobile market. Companies like Volkswagen have located assembly plants in Northern Mexico to accommodate that market. In addition Mexico is the fourth largest oil producer in the world. Currently Mexico has no major adversary. Mexicos minor adversary could be considered the US if illegal immigration from Central America through Mexico into the United States continues. US influence and impact involves the US and Mexican governments continuous negotiation for temporary workers. Mexico insists on regularization of immigration status of Mexicans already in the US. The US recently deployed US soldiers to provide border patrols greater assistance in the illegal border crossings. Threats Mexico is confronted with several threats, internally and externally, that are always a continuous battle. Mexico is confronted with continuous disagreements amongst is neighbours on the issue of illegal immigration with the decline of the Peso in 1993. Mexicos population is searching elsewhere for jobs and a better standard of living. The biggest threat with this external issue is with the United States and Mexican Government and the illegal border crossings. The internal threats that face Mexico are terrorism, insurgencies and crime. Currently, Mexico doesnt face a direct impact of terrorist attacks on any known Mexican targets. In 1993, three Mexican citizens and six Spanish nationals were taken into custody for allegedly being affiliated with a Spanish terrorist organization, the Basque Fatherland and Liberty (ETA). The suspects were found laundering money and forging documents to support their cause in the ETA. Mexico has interaction with all twelve of the international conventions and protocols pertaining to the subject of terrorism. (*Country Watch) Related to terrorism, Insurgencies are a constant threat. Mexicos present poverty level and the very indigenous population have brought to life the increase in violence. The Mexican government was faced with an insurgency uprising by a rebel group from the southern Mexican state of Chiapas. The fighting only lasted twelve days when the government and the militants negotiated a cease-fire. Even with minor clashes appearing in Chiapas, this agreement stayed in effect until 2004. Former President Vincente Fox made the promise to continue to improve the conditions of Chiapas and reduce the confrontations. The final internal threat for Mexico is crime. One of the most notable enterprises in Mexico is narcotic trafficking. Narcotic trafficking, through Mexico, constitutes for about 70% of all cocaine that enters the United States. Mexico is the primary conduit from South America to the United States. Mexico also cultivates large sums of poppy, cannabis and distributes the drug called ecstasy. As a result of the drug production and distribution, crime has plagued Mexico. Unfortunately, money laundering, armed robbery and theft are on the rise. The government is focusing most of its concern on the larger metropolitan areas, such as Mexico City, Tijuana, and Nuevo Laredo. A major adversary for Mexico is considered Afghanistan as a result of Mexico being used as a conduit to the United States regarding insurgency. Increased efforts on border entry support have been enforced to reduce these acts of terrorism. Mexicos minor adversary is South America. South America continues to traffic illicit drugs into the country and eventually into the United States. US influence and impact has a strong partnership with Mexico to combat terrorism and the illegal drug trafficking. Demand reduction, narcotic interdiction and eradication continue with the cooperation of US and Mexican efforts. Domestic Factors Mexico continues its efforts to battle poverty, improve the educational system and strengthening their military. As a result they focus on four main Domestic factors. These factors are also highly agreed upon by the Mexican public. These Domestic factors are; protecting the interests of Mexicans living abroad, the promoting of Mexican exports, stopping the flow of illegal drugs into the United States, and combating terrorism or the opposition of war. As a result of wide spread poverty levels with in Mexico, remittance of external incomes provide a main source of income for many Mexican families living in Mexico. By supporting a strong emphasis of Mexican exports, it will subside the increase the Mexican poverty levels and cease the increase in the unemployment rates. Reducing or stopping the flow of illegal drugs into the United States will assist in the reduction of violence within Mexico and reduce the overall crime rate. The majority of Mexicans believe that the responsibility of stopping drug trafficking lies heavily on the United States. Finally, the effort to combat terrorism is highly supported by the Mexican population. A large percentage of the Mexican population is willing to allow the United States to assist or participate in the guarding of Mexican borders, ports and airports. Consequently, Mexico wishes to sustain its continued practice of non-involvement or its strong protection of their national sovereignty. (*CIDE 06) This is definitely a contradiction of practices and beliefs. Mexico has no major or minor adversaries. The US influence is primarily focused on how involved Mexican government is willing to allow. Commitments With the US security shield from the north, Mexico is encompassed with a safe and stable environment with no immediate security threat. As a result of these factors Mexico does not possess the typical military or force protection aspects involved with general commitments. These obligations of providing resources to other nation states are very limited or absent. Mexicos non-intervention philosophy reinforces this practice. This doesnt mean that Mexico is not excused from other potential commitments. As a result of Mexicos big brother, the United States, providing such protection and over-watch, Mexico has responded to world anti-terrorism effort and US disaster relief. The US expects the Mexican government to provide sanctions and controls to limit and defend against terrorist using Mexico as a conduit to the United States. These efforts are observed by allowing US agents to collaborate with government authorities by helping to secure Mexican borders, seaports and air terminals. (*CIDE 06) Mexico has also provided support to the US by establishing blood banks and aid hot lines for victims of terrorist attacks and bombings. In addition to anti-terrorism efforts, Mexico also must continue the efforts to manage the 2000-mile common border. Due to the close proximity of Mexico to the US and the noticeable difference in quality of life, it is no wonder why for many generations Mexicans have illegally crossed the border. They come to the US to achieve the American dream. Mexico is making concerted efforts to provide assets and border patrols to minimize and eliminate illegal immigration into the United States. Mexican government officials are also enforcing the proper process to achieve valid Visas for work purposes or residency. The Mexican government has attacked this problem on its side by sending in military and federal police forces to take temporary control over security, and to purge and revamp local police forces in areas where the violence is acute. (*USDofS) Mexico has taken its own measures to cease the flow of illegal immigrants on its southern border, which are people clearly headed to the United States. In 2005, Mexico deported approximately 235,000 people who had crossed its own border illegally. (*USDofS) The Government of Mexico has tightened its visa regime to require that nationals from countries that were sending large numbers of illegal immigrants apply for visas before entering the country. (USDofS) Currently Mexico has no major or minor adversaries relating to its commitments. Military Strategy Due to the size and population of Mexico, it could very well be a regional power. Since the end of World War II, Mexico has faced a safe, stable and benign regional environment with no immediate security threats. (*CIDE 04) As a result Mexico has not developed its military strength and has not sought to be in a leading role in the world. The biggest impact is the lack of military leadership, combat, and decision-making training. Mexico also lacks the technologically advanced equipment to be in a leading role. The major reason for this is the financial support necessary from governmental negotiations. Mexican governmental officials have stressed the importance of military strength, but the Foreign Policy emphasizes internal strength rather than external. Mexico has basically separated itself from world affairs and has chosen how and when to involve themselves militarily. Mexico has no major or minor adversaries regarding its military strategy. International Strategy Since the end of the reign of the Institutional Revolutionary Party (PRI) in 2000, Mexicos leadership has turned its international focus in a slightly different direction. Mexico has emphasized its international strategies on its increase trade flow with European markets, strengthening its NAFTA networks, and continues its efforts of non-intervention. Mexican leaders feel that there is too much economic dependence on the US. Mexico wishes to reach out to the European and Latin American markets to strengthen its economy. Mexican leaders believe that expanding trade efforts with Europe and Latin America will emphasize Mexicos radical transformation as being a more open and internationally oriented economy. (*Foreign Policy Assoc.) Even though this is an uncharacteristic aggressive measure, this philosophy is necessary to prevent Mexico from being left out of the global race. This effort will strengthen one of its unanswered Foreign Policies. A second International strategy is the expansion of the NAFTA agreements. The NAFTA agreement primarily focuses trade agreements with the US, Canada and Mexico. Mexico believes that extending this agreement to other nations will assist in the flow back in foreign investments, jobs and potentially a stronger nation for Mexico. Former President Fox stated that this is a necessary step regardless whether we like it or not, whether or not it suits our interests. (*Foreign Policy Assoc.) Former President Fox spent months traveling to Europe and Latin American to build stronger relations with those nations. Finally, Mexico traditionally has sought to maintain its interests abroad and project its influence largely through moral persuasion and has championed the principles of non-intervention and self-determination. (*Conservipedia) Mexican leadership believes that staying out of other nation state domestic issues has worked well in the past and is highly influential of the Mexican public. Mexico has no real major or minor adversaries impacting its international strategies. Foreign Policy As a result of profound government leadership changes in past decades, Mexicos foreign policy is under current revision. (*Global View 04) Mexico faces dilemmas regarding their Foreign policy. These dilemmas are categorized into; deepening or renegotiating NAFTA, the degree of foreign policy activism, strengthening relations with the north verses the south, and a non-intervention principle. As a result Mexicos policy is torn between its principles and its interests. Not only is the uncertainty present in the political leadership, but the Mexican public is also indecisive. Mexican leaders must ask the question, will seeking a closer relationship with the US strengthen the economic partnership into a strategic alliance or will it result in the loss of its identity and sovereignty? Mexicans have an increasingly positive view of NAFTA and most believe that being the United States neighbour is advantageous. But, leaders believe that self-reliance could start with the involvement with its allies to the South. Finally, the continued focus of non-intervent is a value highly protected. Mexican leaders believe, based on the United States Military dominance, that deepening relations with the United States will open up Mexico to break that prominent practice. Currently Mexico has no major or minor adversaries. Mexicos foreign policy revolves around the primary factor of geographical positioning. It lies on the shoulders of Mexican politicians based on whether or not Mexico will or should take advantage of their next door neighbour and seek special relation and strategic alliances. National Security affairs Mexico currently has no immediate threat by a foreign power. There are affairs that have or could result in US military involvement. The main affair facing Mexico is illegal immigration, drug trafficking and trade agreements with Cuba. Increasing numbers of illegal immigrants have crossed the borders of the US and this consists of approximately 8% of the Mexican population. In late 2005 and early 2006, the United States deployed National Guard soldiers to patrol the 2000 mile border of Mexico. This effort was to assist in the reduction of illegal immigration and provide needed assistance for the US border patrol. Drug trafficking is on the decline since the 1997 BI-national alliance called the U.S. Mexico BI-national Drug strategy. This alliance was agreed upon by the US and Mexican governments to interdict on drug shipments and extradition of drug traffickers. Still, 70% of the cocaine entering the US is crossing over from Mexico. Finally, Mexico has expanded its trading focus with 12 trade agreements with over 40 countries including Guatemala, European Free Trade Areas and Japan. The trade agreements are on rough terms between the US and Mexico. They have agreed on the ultimate goal of establishing a democratic, free-market regime in Cuba, but disagree on the tactics on reaching that goal. (*Country Watch) A major adversary would be Afghanistan and a minor adversary, would be South America. US influence and impact would also impact the reduction of drug trafficking. Conclusion Since 1994, Mexicos common National Purpose has been to increase international competitiveness, strengthen the economic condition (reduce poverty levels) and national non-intervention. Since the end of the end of the reign of the Institutional Revolutionary Party (PRI) in 2000, Mexicos leadership has redirected its international focus in a slightly different direction. Mexico has emphasized its international strategies on the increased trade flow with European markets, strengthen its NAFTA networks, and continue its efforts of non-intervention. Growth and improvements have occurred year after year with the help of former President Fox. Mexicos new president, President Caldern is expected to continue with the foreign policy started during former President Foxs term. This policy is known as the Castaeda Doctrine, thus allowing the abandonment of the Estrada Doctrine. (*Wikipidia 2006) Factors that have assisted Mexico in its economic strength is that it has no real major adversaries to mention and the only a few minor adversaries. Continuous efforts are made between US, Europe and The Latin Americas to support Mexicos Strategies of economic growth, advanced trade capabilities and ultimately continued nation sovereignty. References Central Intelligence Agency, various authors. CIA The World Factbook. Mexico. 15 Aug, 2006. https://www.cis.gov/publications/factbook/print/mx.html CIDE COMEX. Mexico and the world 2006. Public opinions and Foreign Policy in Mexico. 30 Jan, 2008. https://www.ccfr.org CIDE COMEX. Global Views 2004. Foreign Policy. 15 Aug, 2006. https://www.ccfr.org/globalviews2004/sub/mex.htm Denise Youngblood Coleman. Country Watch. Mexico, 2006 Country Review. 15 Aug, 2006. https://www.contrywatch.com/cw_counrty.aspx?vcountry Pearson Education, Inc. Infoplease. Mexico. 28 Jan, 2008 https://www.infoplease.com/ipa/A0107779.html Public Communication Division. US Department of State. Background Note: Mexico. 5 Aug, 2007. https://www.state.gov/r/pa/ei/bgn/35749.htm Unknown Author. Foreign Policy Association: Mexico. Mexico, Recently In Focus. 10 Oct, 2006. https://www.fpa.org/newsletter_info2498/newsletter Various Contributors. Conservipedia. Mexico. 17 Sept 2007. https://www.conservipedia.com/mexico Various Authors. Wikipedia. Mexico. 15 Aug. 2006 https://en.wikipedia.org/wiki/Mexico

Currentmarketconditions - 798 Words

Current Market Conditions Competitive Analysis Principles of Microeconomics ECO 365 David Norcross April 13, 2015 Current Market Conditions Competitive Analysis In this paper, Team A is participating in a strategic planning group creating a new product at General Motors. The following is a competitive market analysis on the potential of our new 2016 Chevy Volt’s success. We will be focusing on our competitor Toyota and their Prius lineup. Additionally, we will summarize our target consumer and current market conditions. Then we will cover variables that weigh on supply, demand, and equilibrium prices. Next, we will consider the pros and cons our firm faces while identifying the effect on our competitiveness and long-term†¦show more content†¦Opportunities and Challenges * Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements. * Price elasticity of demand * Technological innovation * The relationship between the amount of labor amp; capital employed and the law of d iminishing marginal productivity * Cost structure Factors affecting variable costs Factors affecting variable costs, including productivity and others that change the supply of and demand for labor costs change with the number of products offered for sale. These are called variable costs. Variable costs include the wages of sales people or other employees, raw materials, electric power to run machines, and the cost of maintaining inventory. We believe that the lack of alternative energy vehicles available and when high fuel costs will drive the costs at times. Factors affecting fixed costs Factors affecting fixed costs include costs that do not change with an increase or decrease in the amount of goods or services produced. Fixed costs are also an expenses that has to be paid by a company. It is one of the

Animal Testing Should Be Banned - 971 Words

Animal Testing When it comes to the topic of animal testing, most of us will readily agree that the use of animals as research for the purpose of the humans concerns, that the drug is efficacy with the cosmetics to endeavor controversy and may have experience discomfort, suffering towards animals. â€Å"As the consumer in Europe would not have access to any new products, because we can’t really ensure that some of the ingredient’s will be safe to be without suitable an adequate testing†. Where this agreement usually ends, however, is on the question of animal testing, â€Å"special use of this cosmetics wave products (shampoo, hair removal, dye), will continue to mandatory the animal testing†. Whereas some are convinced that the types of animals testing will be continuing, others maintain that when the full sales ban is in place, they will simply conduct (animal testing) in non-Europe companies. There is some support for animal testing for medicine use b ecause it helps in human health and extends human life as well. As some point they don’t support animal testing for cosmetics because it will cost and won’t justify the research on animals. Although there is no finish cosmetics products, still have some substances that have both cosmetics and medical use, Example, â€Å"include the wrinkle treatment botulinum toxin, sold and advertised under the name Botox, (Murnaghan)†. My own view, however, is that it works better than any other alternative in human testing and especially animalShow MoreRelatedShould Animal Testing Be Banned?844 Words   |  3 PagesShould animal testing be banned? Nowadays, a lot of animals has been tested on a range of experiments over the world. You could be supporting animal teasing cruelty without knowing it. Have you ever check if there’s animal testing on the cosmetics before you buy it? 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Animals are often abused, suffer, and even die during laboratory testing for the benefits of people to make sure medications, household products, newest procedures, and cosmetics are safe and effective for human use. Humans have benefited from animal testing for years while these animals suffer consequences with no positive outcomes for themselves. Even if a product or procedure is deemed successful, these animals are frequentlyRead MoreAnimal Testing Should Be Banned Essay1632 Words   |  7 Pages Animal Testing Should Be Banned Throughout the decades, animals have been used in medical research to test the safety of cosmetics including makeup, hair products, soaps, perfume, and countless of other products. Animals have also been used to test antibiotics and other medicines to eliminate any potential risks that they could cause to humans. The number of animals worldwide that are used in laboratory experiments yearly exceeds 115 million animals. Unfortunately, only a small percentage of

The Relationship Between Land And The Farm When...

The topic I will address throughout this project focuses on the relationship between the land and the farm when permaculture techniques are incorporated into the system. Moreover, we will question if permaculture, in its entirety, is a viable/economically justifiable method of farming. The reality is that for the past one hundred years farming has grown towards primarily annual crops and monoculture practices. With the mindset of â€Å"producing as much food as possible† us agriculturists start to deprive the land. We have come to forget, or simply ignore, the consequences poor farming practices can bring to the table. Reckless modern agriculture has burdened the land with poor crop diversity, introduction of pesticide use, and limited nutrient cycling. Permaculture might have the answers to helping us set back the clock on the damage we have thus far brought to the land. There was a particular reading in class that grasped mine and Hannah’s attention. That reading was Permaculture: A Beginners Guide by Graham Burnett. Burnett breaks down the mindset of a permaculturist and all the preparation it takes to transform a landscape into a successful permaculture site. Burnett does a wonderful job portraying the magic of permaculture however he seems to meticulously weave around the fact that permaculture is not just sitting around all year and having berries fall into your basket. It is an expensive and slow producing method of growing. Seeing permaculture portrayed in such an

Discuss and evaluate the potential sources of short-term finance

Essays on Discuss and evaluate the potential sources of short-term finance available to businesses, identifying the circumstances in which each would be appropriate Essay Potential sources of short-term finance available to businesses Introduction Short-term financing, also referred to as working capital, is a form of financial cadent representing the circulating cash flow, accessible to corporate houses, trade organisations and governmental bodies, which generally must be paid back within a period of one year (Pike and Neale, 2008).Working capital, along with medium-term financing, is considered as the third most important type, in terms of funding, after equity and long-term debt financing, especially for corporates and traders (Arnold, 2009). While discussing short-term finances, Stutely presents a rather simplified definition of working capital, which states, â€Å"current assets less current liabilities† (2003, p.276). Here short-term (current) assets may comprise of debtors, inventories (related to purchase of raw materials), trade receivables, present state of work and completed products, cash and short-term investments (Arnold, 2005, p. 625). Short-term liabilities comprise of creditors, short-term loans and bank credits (ibid). Working capital is necessary for any business firm to operate, as short-term funds are required to â€Å"finance its stocks, through the manufacturing process, from the raw materials to finished goods, and also the time lag between delivery of the goods or services and the payments of customers of accounts receivable† (Davies and Boczko, 2005, p.557). In this context, the paper will now examine the potential sources of short-term finances available to business firms. Discussion Management of working capital cycle (represented in fig 1) is important for long-term sustainability of any firm. Working capital is akin to engine oil which, if missing the non-current assets of a trader/firm, would fail to function (Pike and Neale, 2008, p.337). Therefore, higher the rate at which the short-term assets of a firm manages to surpassits short-term liabilities, greater the chances are for that firm to achieve solvency (based on the type of its short-term assets) (ibid). Fig 1: Short-term financing or working capital cycle (Arnold, 2005, p.644). Effective management of this cycle is important for the long-time survival any firm; hence, the necessity of seeking sources of short-term financing by the business firms. Sources of short-term financing The chief sources of short-term financing include bank overdraft/credit, commercial papers or bills, trade credits, invoice finance, factoring and leasing, and leasing (Arnold, 2005; Levy, 2002; Pike and Neale, 2008, p.379-380). Trade credit: it refers to the time granted (credit period of 30-90 days) by raw material suppliers to business firms/traders (as they start their work), before payment must necessarily be made. Here there are no involvements of direct funds but there is purchase facilitation with no paying of interests, and its easy availability makes it a popular choice amongst business firms (Pike and Neale, 2008, p.380). Here credit terms are equated with discounts for when payments are made within the stipulated period. As for example, a supplier may give 3% discount if a trader makes the payment within 10 days from the date of billing. If the trader does not agree to the discount, then complete payment is compulsorily due within 30-90 days from date of billing (Levy, 2002). Bank credit: Commercial banks provide traders with short-term finances, referred to as bank credit, and in such cases, the debtor can have access to one-time credit or he may receive the credit in instalments. Banks can give credits in various ways, like overdrafts, cash credit, loans, cash credit, or discounted bills (Pike and Neale, 2008, p.382). Bank loans refer to the process when financial advances are given by a bank (against assets security of the firm) that must be repaid within a certain period. In cash credits, a bank may allow a trader to withdraw money up to a certain limit, and this is known as the credit limit (ibid). The credit limit is initially for only a year, however, is renewable in nature.The interest rate depends on the limit fixed for the trader, and banks provide cash credit against collateral security. Overdraft is allowing a firm/trader to withdraw cash more than the amount actually present in the bank account (to a certain limit) and is based on the debtor’s credit-worth. Banks also give credit to firms/traders by way of promissory notes and discounting bills, which when presented to the bank, the amount is credited to the borrower’s account, once the discount is removed (Pike and Neale, 2008, p.382-384). Commercial papers/bills: are popular amongst large trading houses for receiving quick short-term funds from financial market. A bank generally issues the papers on behalf of the firm, helps in seeking investors for the papers and, in turn, receives a commission for playing the role of an intermediary in raising funds for the company (Brealey, Myers and Marcus, 2008). Factoring: refers to trading off a firm’s debt in exchange for liquid cash, and comprises of fund-raising where the company’s debt is held as security, in order to get money earlier, without waiting for debtors to make the payment. Since this involves risk, it is possible only if the firm and its debtors have the strength of solvency and a history of high integrity (ibid). Invoice finance: here debts are traded to the one (a factor) that makes a downright payment of a certain agreed % ofthe debt value, and here only monetary exchange takes place, on which there is a fixed interest. Thus, the factor is the debt purchaser and the firm becomes the agent for debt collection (Pike and Neale, 2008). Leasing: A short-term finance used for getting to use certain assets without having to actually buy them. This is used for leasing machines, factories, furniture and other items, to be used only for a short time (Arnold, 2009). Conclusion Short-term finances are extremely important for the smooth operation of any business firm and their long-term survival in the market. Hence, it is also important for the business houses to select the right source of working capital to complete an undertaken project successfully. References Arnold, G., 2009. Corporate Financial Management (4th Edition). Harlow: FT Prentice Hall. Arnold, G., 2005. Essentials of Corporate Financial Management (3rdedition). Harlow: Pearson education limited. Brealey, R., Myers, S., Marcus, A., 2008. Fundamentals of Corporate Finance (6th Edition). NY: McGraw-Hill. Davies, T., Boczko, T., 2005. Business accounting finance (2nd edition). Maidenhead: McGraw-Hill education (UK) Limited. Levy, H., 2002. Fundamentals of Investments. Harlow: FT Prentice-H. Pike, R., Neale, B., 2008. Corporate Finance and Investment (6th edition). Harlow: FT Prentice Hall. Stutely, R., 2003. The definitive guide to managing the numbers (1st edition). Harlow: Pearson education limited.

Business Environment Understand the Organizational Purposes of Busine

Questions: 1. Understand the organizational purposes of businesses:1.1 Indentify the purposes of different types of organisation1.2 Describe the extent to which an organization meets the objectives of different stakeholders1.3 Explain the responsibilities of an organization and strategies employed to meet them2. Understand the nature of the national environment in which business operate:2.1 Explain how economic systems attempt to allocate resources effectively2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation3. Understand the behaviour of organisations in their market environment:3.1 Explain how market structures determine the pricing and output decisions of businesses3.2 Illustrate the way in which market forces shape3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation4. Be able t o assess the significance of the global factors that shape national business activities:4.1 Discuss the significance of international trade to UK business organisations4.2 Analyse the impact of global factors on UK business organisations4.3 Evaluate the impact of policies of the European Union on UK business organisations. Answers: 1. Understand the organizational purposes of businesses: 1.1 There are two types of organization one is private organization and other is public organization. To identify the purpose of private organization, in private organization there are few companies like sole traders, partnerships, companies and franchises. Sole traders are a form of industry ownership and it is founded in a broad range of activities (electrical work, bushing etc), in sole trader you have to make all the judgment yourself (Patro, 2015). Partnership are generally, writing out a action of a company, which is witness by a solicitors an set out the significant information such as how the revenue and surplus will be shared (Partnership focuses on design of laser fused components, 2015). Were as on the other hand Cathay Pacific (CX) is a public limited company, it is an international airline based in Hong Kong and also listed in Hong Kong Stock Exchange Company in 1986. According to this CX vision is to be the best airline around the world, while achieving the vision, CX put security for their passenger first and they do their work from heart so that they can provide better service to their passengers. CX is also focus on being a socially and environmentally dependable company (Botha, Kourie, Snyman, 2014). Different organization has their own aims and vision like rising market share, profit, growth etc. CX always provide and outstanding services to their customers this level of services are the purpose of CX (Wetherly, Otter, 2014). 1.2 Stakeholders describe those individual or group that has interest in any operation of business (Kelly and Kugel, 2015). There are different types of stakeholders which will meet the organization goals and also help the organization to show high level of interest in the business (eg, CX stakeholders will be the customers of business and workers in the airport, employees etc). For the organization like CX its is important for them to satisfy the objectives of stakeholders. To satisfied the objectives of stakeholders, an organization need to find out the way how to communicate with the stakeholders ( eg, CX will have the meeting with their head officers to understand the needs, on the other hand CX has customer survey to know their better hope). For satisfied the objectives of stakeholders CX also offer a free-of-charge employees assistance program to all types of employees, it is a confidential counseling services to the staff with work related issues (Aminu, Shariff, 2014). On the other hand CX is planning for different type of scheme for those types of customers who want to spend more time with family. 1.3 The responsibilities of an organization and strategies employed to meet them are the following: CX is required to follow the Employment Ordinance Act, like for example maternity protection, wages protection, sickness allowances etc. HK prevent low paid job, in this the entire employees of CX organization has to follow the minimum wage ordinances. Apart from that Hong Kong equal opportunities commission, introduce the employment ordinance act which will help the employees while in pregnancy, marital status and also protect the employees from sexual harassment because employees safety and health care are very important for the particular organization. In this type of airline organization cabin crew and pilots jobs are very dangerous, for that CX will need to make sure that they had full safety protection for this job like they have sufficient rest period before operating the flight, they had also an insurance coverage etc (Khan, Quaddus, 2015). CX also need to offer 3 week training for the pilots and make sure that they are well trained and getting their knowledge of operating different aircrafts types doors etc (Casson and Pavelin, 2015). 2. Understand the nature of the national environment in which business operate 2.1 An economy system is comprise the different processes of organizing and how to motivate labor, and also circulate the fruits of individual labor, as well as products and services, customer goods, equipment, etc. There are three kinds of economic system Free market, centrally planned, mixed market and also mention three level of economy y organization like national, international, local (Nagac, 2015). Free market economy system; in this price mechanism will describe according to the market demand how much goods and services would be supplied. In this type of system most of the decision is made by market mechanism. While making the market decision under this supply and demand plays a major role (Sonenscher, 2015). Centrally planned economy system; in this type of system government play a vital role all the economic resources are allocate by the government and all the planning regarding the economic activities are made by them. This type of economic were found in Iraq, Iran etc. in this unemployment problem will not faced any problem till government are planning all the activities (Hasan Mikail and Turan, 2013). Mixed economy system; this type of system are the mixture of both the system. This System includes both the capitalism and socialism economic (Sonenscher, 2015). Mixed economy system are provided in the country were both private sectors and government sectors are involved. Private system help them to utilize resources by the help of this resources they will gain economic profit of all nation. 2.2 In the business organization fiscal and monetary policy play a great impact on their activities. Fiscal policy is identified by the government and the amount of taxation is fully paid to the government. If government increased the tax level, then the firm has tless money to invest and recruit, on the other hand if government will decreased the tax level then firm will invest for many sectors and this will create job for the people. Government can also charge more money from their customers for particular product and services (Shiamptanis, 2015). On the other hand monetary policy is controlled by the central bank, here monetary policy will not only harm the business organization but it will harm the entire economy system (Peiris and Vardoulakis, 2015). Its ability is to obtain credit. There are two kind of monetary policy that is expansionary policy and Contractionary. They are totally opposite from each other, expansionary policy decrease the taxes and increase money supply (Kapopoulos, 2004) while contractionary policy is totally opposite (Makin, 2014). 2.3 Cathay Pacific (CX) is a public limited company which is based in Hong Kong and also listed in the Hong Kong stock exchange in 1986. It is one of the most famous airline organization, airline organization is one of the most challenging and every organization invest more money in development, while they are competing with each other while get competitive advantages. Competitive policy will help them to promote and make the market better and also help to get better competence of various organizations. Here competition policy are based on four policies are market liberalization, merger control, antitrust and cartels and state aid control. These policies restrict from price policy and other kind of abuses. Competitors of CX airline organization are Singapore airlines limited, china southern airline co., and ltd. 3. Understand the behavior of organizations in their market environment 3.1 Market structure is very important for the organization and it also play a important role in the determination of price and production. There are few market structures like perfect competition, monopoly, monopolistic and oligopoly. In perfect competition there are unlimited numbers of buyers and they are perfectly elastic demand. In this there is freedom of entry and exits of buyers and they are product differentiation (JULIEN, 2010). In Monopoly there are only a single number of sellers and it is completely opposite to perfect competition. In monopolistic competition, there are few common characteristic of perfect competition and monopoly (Scherer, 2014). It is also known as imperfect competition. They sell their product and services by their own way like packaging, marketing etc (Yomogida, 2010). in this marketer does not have the perfect knowledge about the product and also dont know the quality of particular product. Last oligopoly market they are almost similar to monopoly market in this market at least two firm are controlled. 3.2 Market forces show the relation between the supply and demand in the market, were as demand refers to the quality of product sold in the market and supply refers to the numbers of goods and services available in the market. In this supply relation means relationship between the supply quality and price of the product and services are supplied in the market. Example, CX are able to give a better aircraft for direct flight from Hong Kong to New York. Thus, more direct air tickets from Hong Kong to New York will be offered in the marketer due to bigger aircraft. Moreover supply will affect the government policy and weather changes. Total good and services are in higher demand whereas due to the change in consumer test and preference will also affect the demand of particular product available in the market. For this it will help to change the strategy of an organization in marketing and so on (Niemann-Struweg, 2014). 3.3 As per the business and culture environment they play a vital role in an organization were as business environment are of two types internal and external, external will include economic and non- economic environment (Faria, Wellington, 2014). Economic environment will include the economic policy, systems etc were as non economic will include technology, demography etc. the two culture found in this business environment are micro and macro environment. Micro culture related to the multicultural or local culture was as macro culture refers to the culture which people generally shared (Apetrei, Kureshi and Horodnic, 2015). CX is an international airline which carries different passenger from different countries following this different passenger has their own culture, for that it is important for CX to understand the cultures of different countries. And CX has also many offices in different countries (Kireeva-Karimova, 2015). For increasing the sales revenue CX has to understand the local culture. Like for example, Asian passenger want to have oriental meal in which they can select either rice or noodle. For this reason CX has to provide more oriental meal so that they can increase their passenger to choose CX. 4. Be able to assess the significance of the global factors that shape national business activities: 4.1 International trade is essential for business organization and it is not possible to turn out all goods and services inside a country (International Trade, 2015). Several goods are presented in some other countries, thus it needs to exchange the products and services which are not likely to execute without international trading. International trade is very commercial and profitable for an organization (Carroll, Buchholtz,2014).. UK business organization is also refers as globalization country, were they can sell and buy their goods and services across the nation. For UK it is important for them to grow international trade because it will help them to grow their economic growth in the right way and also help them in large rewards in businesses. Apart from that it will help UK organization to increase their investors as well as help in overseas the market. There are few benefit which will help in international trading to UK business organization, like Broadens Horizons and markets , in this if the companies which are UK based manufacture their product which are for domestic use, will completely maximize their potential and export only those product in the country. Production costs, in this trading their goods and services to other country then only company will release itself upper to lower level of production costs. Materials, UK depends on the other countries while producing their goods and services. In UK several raw materials are not found like mango, banana for those product UK have to export from hotter country on the other hand UK import many luxurious and expensive materials like cars, weapons etc to fulfill the needs of other countries. For this international trade help those to export and import the goods and services from other countries or else there will be extremely limited choice for each country. 4.2 The impact of global factors on UK business organization are, in this there are four factors which will affect the UK business organization such as political, economical, technological and social cultural (Piffer, 2015). For an organization it is important for them to understand this effect because it will help them in developing their business policy and also help in bringing different impact to their business. Social and cultural factors are somehow related to the change in social and cultural factors. They can produce high quality of goods, approaching from the tastes preference of consumers and their lifestyles pattern in population in UK. Like for example if the consumer is from local area basically half of them are family, then it will affect the business of normal grocery store. The level of global technology, transportation and the manufacturers will get through and it will have a big impact on business. Example, to communicate and produce their goods and services across the nation, organization are using advance technology, for this it will get affected on the increase in sales and also affect their reputation in an organization. Apart from that for an organization UK government are providing a high speed of internet so that they can communicate well with the other countries and time zone (Schaffer, Agusti,, Dhooge,2014). 4.3 UK has to maintain some regulations and law after joining EU. Foe European Union all laws and policies are same and all country are have follow all the legislation (Pellikka and Malinen, 2015). The EU is a trading bloc, custom union, and supranational body, were as trading bloc allow free trade union, goods across the countries and it is an intergovernmental agreement. On the other hand custom union, in this there are no tariff barriers and allow the members of EU to sell all types of goods and services from the other countries and last supranational body, in this countries force to give up rights of decision making and also divide the interest of voting. They came up with certain act like single European act 1986, which aim is to create single market. And it will bring benefits for all the members of EU. These days, The EU is playing an significant role in influence the business activities during laws, taxation, policy, regulations etc (Parsons, 2010). UK business encourages the export of goods and services with the help of international trade. Apart from that it will help to promote their goods and services in UK, and also discourage any import of goods and services from other nation, for this kind of reason employment policy are used and this policy will give the liberty of association for employees to work in EU without using any visa. Conclusion: For an organization is will necessary to understand the importance of business environment. By using the business environment organization can identify their SWOT analyses that is strength, weakness, opportunities and threats. For understanding the requirements of business environment organization will supervise the social, political, economical and technological factors for regular basis. Cathay Pacific (CX) will supervise its environment in an regular manner and made their plans according to the situation (Meiners, Ringleb, Edwards,2014). References Apetrei, A., Kureshi, N. and Horodnic, I. (2015). When culture shapes international business.Journal of Business Research. Casson, M. and Pavelin, S. (2015). The Social Performance and Responsibilities of Entrepreneurship.Business Society. Hasan Mikail, E. and Turan, A. (2013). The transition perÄÂ ±od of the central planned system to market system of Kyrgyzstan economy: from the perspective of the privatization politics.International Journal of Academic Research, 5(5), pp.429-435. International Trade. (2015).Oil and Energy Trends, 40(1), pp.45-49. JULIEN, L. (2010). From Imperfect To Perfect Competition: A Parametric Approach Through Conjectural Variations.The Manchester School, 78(6), pp.660-677. Kapopoulos, P. (2004). When can fiscal consolidation be expansionary? Evidence from a small open economy.Journal of Policy Modeling, 26(8-9), pp.1031-1043. Kelly, T. and Kugel, C. (2015). How to Make Your Stakeholders Smarter.Research World, 2015(50), pp.50-52. Kireeva-Karimova, A. (2015). Institutional Challenges and Economic Agents Forming a Competitive Market Environment.Mediterranean Journal of Social Sciences. Makin, A. (2014). Expansionary Versus Contractionary Government Spending.Contemp Econ Policy, 33(1), pp.56-65. Nagac, K. (2015). Tax system and informal economy: a cross-country analysis.Applied Economics, 47(17), pp.1775-1787. Parsons, C. (2010). Revisiting the Single European Act (and the Common Wisdom on Globalization).Comparative Political Studies, 43(6), pp.706-734. Partnership focuses on design of laser fused components. (2015).Metal Powder Report. Patro, C. (2015). Employee Welfare Measures in Public and Private Sectors:.International Journal of Service Science, Management, Engineering, and Technology, 6(1), pp.22-36. Peiris, M. and Vardoulakis, A. (2015). Collateral and the efficiency of monetary policy.Econ Theory. Pellikka, J. and Malinen, P. (2015). Fostering business growth and commercialisation processes in small high technology firms.International Journal of Business Environment, 7(1), p.98. Piffer, D. (2015). Estimating the genotypic intelligence of populations and assessing the impact of socioeconomic factors and migrations.The Winnower. Scherer, F. (2014). The Federal Trade Commission, Oligopoly, and Shared Monopoly.Rev Ind Organ, 46(1), pp.5-23. Shiamptanis, C. (2015). Risk Assessment Under A Nonlinear Fiscal Policy Rule.Econ Inq, p.n/a-n/a. Sonenscher, M. (2015). Money and Political Economy in the Enlightenment.French Studies, 69(1), pp.98-98. Sonenscher, M. (2015). Money and Political Economy in the Enlightenment.French Studies, 69(1), pp.98-98. Yomogida, M. (2010). Fragmentation and Welfare in Monopolistic Competition.Review of International Economics, 18(3), pp.531-539. Botha, A., Kourie, D., Snyman, R. (2014).Coping with continuous change in the business environment: knowledge management and knowledge management technology. Elsevier. Wetherly, P., Otter, D. (Eds.). (2014).The Business Environment: Themes and Issues in a Globalizing World. Oxford University Press. Khan, E. A., Quaddus, M. (2015). Examining the influence of business environment on socio-economic performance of informal microenterprises: content analysis and partial least square approach.International Journal of Sociology and Social Policy,35(3/4). Niemann-Struweg, I. (2014). An integrated communication implementation model for the post-2000 business environment.Public Relations Review,40(2), 184-192. Faria, A. J., Wellington, W. J. (2014). Validating business simulations: does high market share lead to high profitability?.Developments in Business Simulation and Experiential Learning,31. Carroll, A., Buchholtz, A. (2014).Business and society: Ethics, sustainability, and stakeholder management. Cengage Learning. Aminu, I. M., Shariff, M. N. M. (2014). Strategic Orientation, Access to Finance, Business Environment and SMEs Performance in Nigeria: Data Screening and Preliminary Analysis.European Journal of Business and Management,6(35), 124-131. Schaffer, R., Agusti, F., Dhooge, L. (2014).International business law and its environment. Cengage Learning. Meiners, R. E., Ringleb, A. H., Edwards, F. (2014).The legal environment of business. Cengage Learning.

Personal and Professional Development Plan †MyAssignmenthelp.com

Question: Discuss about the Personal and Professional Development Plan. Answerr: Introduction Leadership has subjective connotations. Somebody may be a leader to one person but not to another person. The characteristic of an effective leader is to harness skills and tap the potential of the employees. A leader should inspire the employees to deliver their best performance. A leader should motivate the employees in crisis or other situations so that they feel emboldened to come out of the situation. Effective leadership is characterized by marinating the perpetual support of the followers and exhibit commitment towards the team (Yukl 2013). Leadership is also a reciprocal process and it depends on the relationship between the leader and the follower. According to Truman, a leader is a man who have the ability to persuade to do what he wants and also motivate people who are lazy to like a job (Wang et al. 2014). Societies and civilizations have been transformed and developed though the efforts of effective leadership. Martin and Curtis have outlined three kinds of leadership: t eachers as leaders like Socrates and Aristotle, rulers as leaders like Julius Caesar and Genghis Khan and heroes as leaders like Michelangelo and Einstein. Management is distinguished from leadership. Management as a principle harps on the complexities. There is a need for good management so that the complex enterprises can be run smoothly. Another feature of management is coping with change. This is a personal and professional development plan based on my professional goals, the corresponding strategies that I intend to adopt to meet those goals and the time I require to meet those goals. TARGET STRATEGY TARGET DATE (Along with reasons) Developing Leadership (honing and developing management skills; Improving myself as a leader (A leader should have the ability interact directly with the team) Since leadership centres on setting the direction for change, the goal is to improve myself as a reader by improving on the principles and individuality. 10th Week Making efficient decision making (Efficient leaders are considered as idealist) To become efficient there needs to be a separate blueprint with the objective of responding to every situation. Leaders should be perpetually ready to overcome fears. There should be the formulation and implementation of sustainable plans 2nd week Friendly office environment-To create an office environment based on trust One should interact freely with the colleagues, associates and managers without any hindrance. There should be no informal interaction. Development of trust with the colleagues 3rd week Focusing on communication on three different levels Communication with the vendors entailed to formal approach, formal approach of communication with the executives and a casual approach with the associates. The idea was to provide the colleagues with a clear vision 4th week Attention to technical knowledge Implementation of a new video conferencing system that would improve the video calling between the staff in the corporate enterprise and the clients. Post the provision of the cost list, proposal to the executive team in which the budget and the timeline have been set. 6th week Critical gaps between my current capabilities or sphere of influence and your leadership aspirations The feedback I received from my friend regarding my proposed professional and personal development plan was quite encouraging. However, I have identified certain gaps that need to be amended. The feedback that I received from my partner enabled ,e to realize that there is no uniform code in the organization which is a major setback. As an aspiring entrepreneur, I need to ensure that there is mutual trust at different levels. I should have concentrated on this aspect. An efficient communication is not limited to engaging the multiple stakeholders of the organization on the same critical plane but also it is my responsibility to communicate my objectives with clarity to each member of the organization. I also should try to mediate the potential conflict that may arise in the interaction between the line managers and the staff. According to the personality test, my drawback is that I am not open to the new experiences; however, I am well-organized and reliant. It was further found that I social and I enjoy the company of others. I am neither too calm nor too nervous. It was also found that I am not irritable and easily forgive others. These qualities will be helpful for me to take on new challenges in a cool and organized manner. The most important capability of a person is to be self-aware. In the pursuit of fame and money, one should not lose touch with ones authenticity. Self-explorations are crucial to the personality of the leader. Understanding the authentic selves demands courage and honesty. Feedback of ones leadership style is key to becoming an efficient leader. However, the leader should be open to criticisms. Any kind of rejection of the viewpoints of the others or denying the result of the feedback can prove to be detrimental for effective leadership. Therefore, denial has been understood as the greatest hurdle in leadership. A leader should not feel discouraged by opinions of others. Authentic leadership is derived from the personal values,, beliefs and principles shared by an individual (Bolman and Deal 2017). Leadership lessons generate from the worst of conditions-when the life of a person is in an undulating situation, the person learns to come up with survival strategies that enables the pe rson to use it in future situations. The vision of leadership should be translated into action that would reap effectiveness for the organization. An efficient leader knows the skills of balancing extrinsic and intrinsic motivations (Hogan and Coote 2014). Leaders need to be aware regarding what drives them with the aim of perpetually keep them motivated. Leaders are advised not to get caught up in the social circle. The leader needs to find the external and internal motivation that would induce fulfilment to their work. Leaders with an achievement-oriented outlook need to be habituated with successive accomplishments in the formative years that would embolden them to proceed for their intrinsic motivations. Leaders need to muster active support around the world to over the challenges. The feedback that I received from my partner was revealing because I was pointed out that good communication skills, active listening and a sense of the understanding of the workers would enable be he lpful for me future leadership projects. However, the feedback also stressed that I have engaged in critical analyssi of the issue. For a prolonged period of time, national culture has informed the cornerstone of leadership strategies. The national culture has governed the rationality and the ethics in business. National cultures are imbibed during the formative stage of the individual and have undergone transformation during the various epochs (Laschinger and Fida 2014). The organizational cultures are embedded in the organizational framework. There are key distinctions between the leaders of the national culture and the organizational culture. An efficient leadership is premised on harnessing ideas and competitive strategies. Effective leadership strategies are influenced the experiences of the life journey (Azanza, Moriano and Molero 2013). The experiences in the real-world along with the challenges posed by life have been influential in moulding of the leader. Leaders are not born with particular traits that pave their destiny. On the contrary, the trials and tribulations of life emboldens a person to make ch oices that go on to become fruitful and contribute in leadership. For example, the loss of job or personal ill-health or the stigma of being excluded or the loss of a dear friend collectively influence the leadership style of the person. To enhance organizational creativity, a leader should adhere to three main practises. For the leader, intrinsic motivations are more important than extrinsic motivations. Leaders to understand than they are incomplete without their team (Leroy et al.2015). They need advice to run their enterprise and therefore, a loyal and supportive team is his/her biggest strength. Authentic leaders need to build teams in a perseverant manner that would be supportive in the long run. Leaders who expect unconditional support from the team need t embrace himself as who he is. Leaders usually have mentors who have left a profound impact on their life. The best form of mentoring experience emerges from mutual learning, shared values and enjoyment. The efficiency of th e leader lies in eliciting ideas from different stakeholders of the organization. A leader should motivate the people in his/her organization and encourage them to share their views without the fear of fail. A leader also needs to be appreciative of the audience by acknowledging them for their contributions. Interaction with people from different culture on the first day of the hob enabled me to be appreciative about their lives. In a company, the chance of innovation will arise when there is a confluence of diverse people. This will promote creativity and broaden the minds of the individual. A leader needs to ensure that the different stakeholders involved in the decision-making feel comfortable. This attitude will instil loyalty among the audience and that will be reflected in their commitment towards the company (Fairhurst and Connaughton 2014). During my association with Universal Music Australia, I interacted with the staff and the mangers without any barrier. People engaged in creative endeavours need to be protected from bureaucratic rigmarole and banal commercialism. A leader needs to be cautious with procedures of filtering. A leader needs to map out the different stages in innovation that includes documenting the processes, technology support and skill sets. A leader is posed with several challenges in the journey of leadership (Noruzy et al.2013). One such challenge is the integration of the lives. A leader needs to ensure that a balanced life is maintained. Authentic leaders are confident, ambitious, steady and focussed. I tried to follow this leadership style during the implementation of the new video calling between the clients and the staff. There is an emphasis on maintaining a steady personal life as it also promotes a stress-free life (Tourish 2014). Contrary to popular belief that family life poses impediment in the pursuit of career, it has been found that people with a great balance of personal and professional life enjoy more satisfaction than others. It has also been found that the CEOs and chairman of many companies are revered for their quality of striking excellent relationships with their tea and empowering individuals from different communities. Authentic leaders are known for following a bottom-up approach and then sustaining those results. This reinforces the effectiveness of their leadership. The ability of the authentic leader lies in producing results that are sustainable in nature (Hoch 2013). A leader needs to be collective-oriented (Day et al., 2014). Leading a team can be an overwhelming yet satisfactory experience. There is a feeling of satisfaction that emerges from empowering another individual. In case of the emergence of conflict, a leader needs to pay heed to the arguments and concerns of the interested parties. On listening to the grievances of the parties, a leader should address their concerns. Avoiding the problem would not resolve the issue. On the contrary, it would aggravate the situation . A leader needs to give assurance to the aggrieved person that his/her concerns will be taken care of. A leader needs to be careful about their own perception about the different employees. Employees respond to the leader in accordance to their perception with the leader. This is popularly known as the Pygmalion effect which is a kind of self-fulfilling prophecy (Wang and Hsieh 2013). A leader should also keep a check on their behaviour with the employees. Negatively labelling an employee would demotivate the employee and therefore, reap negative performance. Since leaders are interacting with people of diverse background, they need to cautious about their behaviour and the impact on that behaviour on the person (Donate and de Pablo 2015). Fairness and justice should guide a leader during interaction with others. A leader needs to understand that respect is earned through the practise of virtues. A leader should engage in the business relationships with integrity. A study by ?erne, Jakli? and kerlavaj (2017) has shown that authentic leadership has positive impact on the performance of the team members. However, in case of leaders who have ascribed themselves as authentic leaders, their influence have negligible impact on the performance of the team members. It also demonstrated that the there is a strong correlation between the creativity of the team and perception of the leader towards the team. Yidon and Xixin (2013), inspired from the cognitive evaluation, theory contended that ethical leadership has positive impact on the innovative behavior of the employees. Conclusion The above essay outlined my personal and professional development plan. This exercise is important to understand my role and responsibilities as a leader. I also identified the gaps in my plan in the backdrop of the discourse of authentic leadership. An authentic leader appreciates the efforts of her team member, treats them like her family, encourages them to unleash their creative side, emboldens them to articulate their grievances, and collects feedback on her performance in the company. An authentic leader believes in maintain a balance between personal life and professional life. An authentic leader does not bow down to challenges but learn from them, rise above. The core values and beliefs of an authentic leader along with the transformational leadership skills has the potential to transform to lead the company towards it success. References Azanza, G., Moriano, J.A. and Molero, F., 2013. Authentic leadership and organizational culture as drivers of employees job satisfaction.Revista de Psicologa del Trabajo y de las Organizaciones,29(2), pp.45-50. Bolman, L.G. and Deal, T.E., 2017.Reframing organizations: Artistry, choice, and leadership. John Wiley Sons. ?erne, M., Jakli?, M. and kerlavaj, M., 2013. Authentic leadership, creativity, and innovation: A multilevel perspective.Leadership,9(1), pp.63-85. Day, D.V., Fleenor, J.W., Atwater, L.E., Sturm, R.E. and McKee, R.A., 2014. Advances in leader and leadership development: A review of 25 years of research and theory.The Leadership Quarterly,25(1), pp.63-82. Donate, M.J. and de Pablo, J.D.S., 2015. The role of knowledge-oriented leadership in knowledge management practices and innovation.Journal of Business Research,68(2), pp.360-370. Fairhurst, G.T. and Connaughton, S.L., 2014. Leadership: A communicative perspective.Leadership,10(1), pp.7-35. Hoch, J.E., 2013. Shared leadership and innovation: The role of vertical leadership and employee integrity.Journal of Business and Psychology,28(2), pp.159-174. Hogan, S.J. and Coote, L.V., 2014. Organizational culture, innovation, and performance: A test of Schein's model.Journal of Business Research,67(8), pp.1609-1621. Laschinger, H.K.S. and Fida, R., 2014. New nurses burnout and workplace wellbeing: The influence of authentic leadership and psychological capital.Burnout Research,1(1), pp.19-28. Leroy, H., Anseel, F., Gardner, W.L. and Sels, L., 2015. Authentic leadership, authentic followership, basic need satisfaction, and work role performance: A cross-level study.Journal of Management,41(6), pp.1677-1697. Noruzy, A., Dalfard, V.M., Azhdari, B., Nazari-Shirkouhi, S. and Rezazadeh, A., 2013. Relations between transformational leadership, organizational learning, knowledge management, organizational innovation, and organizational performance: an empirical investigation of manufacturing firms.The International Journal of Advanced Manufacturing Technology,64(5-8), pp.1073-1085. Tourish, D., 2014. Leadership, more or less? A processual, communication perspective on the role of agency in leadership theory.Leadership,10(1), pp.79-98. Wang, D.S. and Hsieh, C.C., 2013. The effect of authentic leadership on employee trust and employee engagement.Social Behavior and Personality: an international journal,41(4), pp.613-624. Wang, H., Sui, Y., Luthans, F., Wang, D. and Wu, Y., 2014. Impact of authentic leadership on performance: Role of followers' positive psychological capital and relational processes.Journal of Organizational Behavior,35(1), pp.5-21. Yidong, T. and Xinxin, L., 2013. How ethical leadership influence employees innovative work behavior: A perspective of intrinsic motivation.Journal of Business Ethics,116(2), pp.441-455. Yukl, G.A., 2013.Leadership in organizations. Pearson Education India.

Record Label and Napster S Strategy Essay Example

Record Label and Napster S Strategy Essay Napster, developed in 1999 by Shawn Fanning, is a program that allows music to be traded over the internet. People were able to share high quality digital copies of music recordings over the internet using Napster. Napster did not store the recordings, however. It allowed its members who were logged onto the service to choose from an index of songs. Napster was one of the most popular sites on the internet. The site had some 15 million users in a year’s time. Many college students downloaded so many songs that many colleges had to block the site from their system. A year after its launch, Napster was sued by the Recording Industry Association of America (RIAA). The RIAA represents major recording companies. The RIAA claimed that copyright laws were violated by Napster for allowing users to swap music recordings for free. The RIAA sought to stop the downloading of copyrighted songs, as well as damages for lost revenue. Song swapping had cost the music industry more than $300 million in lost sales. A few months later, Napster was sued by a heavy metal band, Metallica, and rap star Dr. Dre. They were suing Napster for copyright infringement. In 2000, a judge granted the request of the RIAA and ordered Napster to stop making copyrighted recordings available for download. This would have shut Napster down. Napster was granted a last-minute reprieve until the lawsuits could be tried in court. Despite its many claims, Napster was found guilty of direct infringement of the RIAA’s musical recordings. The company was ordered to stop allowing its millions of users to download and share copyrighted material without properly compensating the owners of the material (Ferrell Hartline, 2008). Napster later offered $1 billion to the recording industry to settle the lawsuit. We will write a custom essay sample on Record Label and Napster S Strategy specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Record Label and Napster S Strategy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Record Label and Napster S Strategy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Napster also agreed that $150 million would be paid annually for the first five years to Sony, Warner, BMG, EMI, and Universal, and $50 million annually was allotted for independent labels. The recording industry refused the offer. The industry wanted Napster to shut down for good. Napster tried many times to compromise with the recording industry, but to no avail. Napster filed for Chapter 11 reorganization in 2002. The company also tried to reach a deal with Bertelsmann AG, their strategic partner. A few months later, a Delaware judge blocked the sale of the company to Bertelsmann. Napster then laid off nearly its entire staff and proceeded to convert its Chapter 11 into a Chapter 7 liquidation. Many music labels were dabbling in online music distribution. Napster had clearly beaten them to it and had done so efficiently, which was the main problem for the company. It was obvious to the record labels that online distribution was here to stay. Napster’s name and assets were purchased by a company called Roxio. Roxio was a company known for its CD-burning software. Roxio had intentions to relaunch Napster as a fee-based service. Napster was renamed Napster 2. in 2003. Apple was one competitor for Napster, holding 70 to 80 percent of the online music market. Rhapsody holds 10 to 15 percent of the market, and Napster holds 5 to 10 percent of the market. The remaining portion is divided among several different companies (Ferrell Hartline, 2008). Napster’s strategy focuses on being a subscription-based revenue model. Computer users could download as mu ch music as they wanted for a fee of $14. 95 per month. Napster created partnerships with BellSouth, Ericsson, and XM Satellite Radio as a means to connect with untapped markets. Napster partnered with Tower Records Japan and launched Napster Japan in 2006. The company also began a partnership with Japan’s largest mobile phone company. About 90 percent of music downloads in Japan occur through wireless phones (Ferrell Hartline, 2008). Napster has shown interest in being acquired by another firm. Napster hired UBS Investment Bank to help with the sale. A SWOT analysis structures the assessment of the fit between what a firm can and cannot do (strengths and weakness), and the environmental conditions working for and against the firm (opportunities and threats). The SWOT analysis for Napster would consist of the following (Ferrell Hartline, 2008): Strengths †¢Large music library †¢Convenient and easy to use †¢Strong brand name and reputation Weaknesses †¢Lack of compatibility †¢Pricing †¢Limited areas of differentiation Opportunities †¢New technologies †¢Decline in illegal file sharing †¢Rapidly growing market Threats †¢Powerful competition †¢New technologies †¢Potential for disintermediation Looking back at the weaknesses listed in the SWOT analysis, one point that should be worked out is the pricing of Napster services. Napster is set up on a subscription-based model. If the price per subscription was cheaper, more customers would subscribe to the site. Napster offers the same basic services as some of the other big names in the online music distribution industry. Another area to refine would be the lack of compatibility. Napster is not compatible with all MP3 players, especially the iPod. Those with an incompatible player will not want to purchase the service. New technology is emerging every day. Napster should work on creating avenues that will allow music to be downloaded to wireless devices, such as the smart phone, PDAs and other handheld devices. Napster should put forth efforts to keep existing customers happy while also trying to expand the customer market. Keeping existing customers happy should always be a company’s top priority. Having a solid core of customers to build on is very important to the stability and success of the company (Business KnowledgeSource. com, 2010). By keeping the existing companies happy, Napster could offer a free one month subscription for those members who have been loyal to company for a certain amount of time. Flyers or inserts could also be placed in the packaging of MP3 players. This advertisement would entice users to connect with Napster for all of their music downloads. With this deal, new users could download up to five songs for free before having to sign up for a subscription. Napster could offer discounts to new users for a certain period of time. For instance, a new user could get the first three months at a discounted rate before paying the regular price. There are many ways for Napster to expand their customer base. Finding out which plans work and which plans do not work is the key.