Regulations and Policies in Europe Essay

How does it fit within the ideas of Hayek and Keynes? Use the stagflation of the 70s as an example. The post–World War II the postwar economic boom, also known as economic expansion, the long boom, and the Golden Age of Capitalism, and the Age of Keynes in western countries after the end of World War II in 1945. It was a high worldwide economic growth in Western European that had been devastated by the war such as unusually high and sustained growth, together with full employment. By the end of World War II, much of Europe was devastated. The region’s trade flows had been disrupted. Food shortages were severe in all over the Europe. The 1930’s Great Depression in Europe production had fallen far below even than usual for the entire decade due to failure of market forces to restore demand to normal levels. Hence, the biggest panic after WWII was the return of the Great Depression during 30s. After the war, the major powers were determined not to repeat the mistakes of the Great Depression. Governments might have been slow to dismantle wartime allocation controls, and so have severely constrained the market mechanism. However, Politicians were predisposed toward intervention and regulation, their principle was: no matter how damaging â€Å"government failure† might be to the economy, it had to be better than the â€Å"market failure† of the Depression. After WWII, the slightest regulations and policies are derived from The Keynesian Economy. Keynesian economists claim that the boom was caused by the adoption of Keynesian economic policies, particularly government spending. The basic idea of Keynesian thinking was to have pure free market policies rather than the mixed economy which require a significant role for government intervention. Efforts against Keynesianism took place on three fronts – in the academic world, in politics, and in the wider world of business and public opinion. In Keynes’s theory, in contrast to the previously accepted view, an economic depression might continue indefinitely unless government spending, financed by a budget deficit, were increased sufficiently. In 1948 the Marshall Plan was implemented to rebuild and modernize Western Europe. The Coal and Steel Community had which was to become the European Union lately. The Marshall Plan (officially the European Recovery Program, ERP) was a program occurred in United States to aid Europe as the US. gives monetary support to help rebuild European economies after the end of WWII in order to have a force over Soviet communism. The plan was for four years. The goals of the Marshall Plan were to remove trade barriers, modernize industry, and provide Europe to be strong again. Plan pumped over $12 billion to rebuild and modernize Western Europe. Keynesian economics period also accepted as financial repression. With these Keynesian policies such as low nominal interest rates and low or negative real interest rates and government policy, especially the US and UK both dealt with their existing government debt level from Great Depression and World War II and reduce the level of debt in the debt service without needing to direct a high portion of government spending. All of the success was coming from free market economies. After the death of President Roosevelt, a conservative control of Congress took place and try to turn the policies into Libertarian policies by rejecting numerous Keynesian initiatives, dropped many price controls, and instead cut taxes sharply. These libertarian policies are believed to have been stimulated the economy and created near full employment. During the whole period, especially Hayek was against Keynes at some points. He and a group occurred from other journalists and intellectuals had planned to displace Keynesianism and other collectivist influences. Hayek complained about economists to refuse to allow his work to be questioned after his death, it almost became a tabu. According to Friedrich von Hayek, the development of welfare socialism after World War II undermined freedom and would lead western democracies inexorably to some form of state-run serfdom so that socialism was also affecting Europe negatively. For the institutions Bretton Woods system was used after WWII until 1970s. The Bretton Woods system was history’s first example of a fully negotiated monetary order. It is an international regime which was designed to combine binding legal obligations with multilateral decision-making, which is conducted through an international organization, like the IMF, endowing money with some limited supranational authority. In 1971, The Bretton Woods system collapsed due to President Richard Nixon’s severed the link between the dollar and gold. Another policy which is used after WWII was Military Keynesianism, which sighted to devote a large amount of money spending to the military to increase the economical growth of the countries.

Innovation Prowess Leadership Strategies for Accelerating Growth Essay

Introduction             Innovative management is a strategy in which a company manager utilizes all the available resources and develops a working community where ingenuity and innovativeness work together with practicality in order to formulate reforms. Today’s fast changing business environment calls for innovation management which will help companies to achieve their long term objectives. Innovation management will help companies to maintain competitive advantage. Long term sustainability of a company may be determined by its ability to expertly direct innovation assets to address a swiftly changing economic and market setting. Innovation management includes the activities, decisions and practices that propel an opinion to realization for the rationale of breeding business worth. This paper is about software development by Samsung Company. The Company has come up with an advanced wireless disk drive that is the champion in the Google industry (Day, 2013). Samsung unlike Apple reveal good consumerist skills in the course of innovativeness. The Company usually manufactures differentiated products that ensure that consumers choose from variety of Samsung devices. For example, Samsung products are of high quality with OS and software thus thriving well especially in OS and android market. Samsung have advanced strategic capacity which enable them hang about as the greatest threat to Apple. For example, their marketing strategies are outstanding. They augmented their cost of advertisement from $78 million to $401 million. In addition Samsung association capability is first-class. They exceedingly believe in providing people with opportunities to excel. They slot in the five hub values in every action taken which enable them to prosper. They are dedicated in ensuring that they are socially and environmentally liable wherever they are operating from (Michell, 2010). Innovation management is very important owing to the fact that Samsung Company have to work under tight budget and the increased demand from the customer who prefer high quality products and services at affordable prices. Innovation management emphasizes on production of new technologies, products and services. Samsung is also known as the giant electronic maker, it is planning to launch the advanced wireless disk drive to the android users. The advanced disk drive Crystal Disk Mark chronological read and writes scores of 300MB/sec and 250MB/sec are around three times as fast as the swiftest hard disks from any other company and the disk’s LaCie’s small-file scores are excellent: its 300KB and 250MB/sec write and read results of 700MB/sec places the advanced disk drive at the front line. The advanced disk drive is expected to be more durable as compared to other disks. Durability is more important than speed and capacity. Identifying and implementing investments repetit ively and effectively make up the vital purpose of innovation management. Various decisions that are prepared in Samsung Company affect the succession and eventual success of superior ideas. New innovative ideas must be aimed at solving an existing business problem or growing an opportunity (Ernst, 2007). Successful innovation management in Samsung Company follows the following guidelines; first, whether the potential innovation is aligned with the company’s strategy. Second, how the proposed change will add value to the customer. That is how the advanced wireless disk drive will add value to the customer, the third guideline is the amount of investment that is required and whether the investment will generate good returns. Whether the advanced disk drive will attract more customers? Forth, the possible impact of innovation to the current business and whether it would affect the existing returns. Also, the time frame for the effect to be realized and the impact to the business, how the innovation will alter or disrupt current markets; whether the new idea will generate additional revenue or reduces operating costs, the other guideline is how the latest innovations improve existing or build up new obstacles to competition and finally whether there is an effortless access to the competencies required to apprehend the new idea. The new strategy that Samsung Company should slip in when launching the advanced wireless disk drive is pricing strategy. They should employ customer-based pricing. Samsung Company is well-known for hasty production of differentiated products thus penetration pricing will work best. The purpose of penetration pricing is to enlarge market share of the product. Samsung Company by the use of penetration pricing will be able to raise prices once they penetrate the market. The new strategy will draw many customers to buy the wireless disk drive and other products. The long term gain is that Samsung will accomplish a higher market share as compared to other rivalry companies in the industry. Samsung products are somewhat differentiated and owing to price inelasticity of demand in the market; this new strategy will work best for Samsung. This will be a very competitive tool for Samsung as they launch the advanced wireless disk drive and other innovative products. Retrieved from HYPERLINK â €Å"http://www.samsung.com/africa_en/aboutsamsung/† http://www.samsung.com/africa_en/aboutsamsung/ Samsung Company is conversant that innovation management requires an innovation framework that will enable effective and repetitive change which will increase the capacity of the company to generate high quality goods and services. Innovation encourages the need for rapid change and rejuvenation, potentially affecting all sectors of a company. Samsung does not engage its workers in long working hours like Apple and Google since they believe in innovativeness. Transform is usually opposed which calls for necessary rewards and incentives to endorse the required innovation. The weekly meetings and workshop with the team of 8 members will be very significant since it will help me to diagnose the hindrances to innovation in the company (ArguÃÅ'ˆden, 2011). The workshop and meetings will be exceptionally useful in understanding how verified framework to make the company more inventive. The workshop and weekly meetings will help us to find out examples of appropriate practice in innovation management and compose an action plan that will boost the innovation performance of the company. The other chief benefits of holding weekly meetings and workshops in Samsung Company include; gain awareness of how to develop excellent ideas that focus on adding value to the customer. For example, Samsung is planning to launch the advanced wireless disk drive and other products such as Galaxy S4 and Galaxy S5. Samsung operates under the philosophy of ‘people first.’ Second, help to gain self-assurance to manage the company’s assortment and shield the most innovative ideas. Third, help people to gain capacity to borrow ideas from chief management team for the company’s innovation action plan. Third, help individuals to gain abil ity to endorse an organizational culture that embraces creativity and innovativeness. It also helps to increase the alertness of apposite application of strategies so as to improve company presentation. Finally, help to build up confidence to communicate about the need for innovation and how to achieve it (Chang, 2008). The new idea of advanced wireless disk drive must offer competitive advantage to attract new clients, maintain existing clients and cut-down the production cost with an aim of maximizing profits. Innovation is not hard but it is a complex process which involves change. Change on the other hand necessitates learning. High improbability and likelihood makes innovation management very complex, since it calls for the learning speculation to be concentrated on the areas of alteration that represent the highest possibility or uncertainty for gradual sustainability and intensification of the company. For more than 70 years, Samsung has focused on advancing the world through diversification that has led to advanced technology fashion, skyscraper, hotels, medicine, petrochemicals, semiconductors, finance and plant construction. Samsung Electronics lead takes the top position in the global market in high-tech digital media and electronic manufacturing. Through innovative, reliable services and products, talented personnel, collaboration with customers and other stakeholders, and responsible approach to business and global citizenship, Samsung is moving the world in imaginative new commands (Bessant, 2009). There are several external and internal triggers facing Samsung Company; however, there are many potential solutions to these problems. Three pillars of innovation must also be considered in development of innovation framework. These pillars include strategy, competency and management. Innovative competency of the company will depend on the set of capabilities and the history. Samsung main objective is making a better world through innovation. Powerful framework is based on commitment and competence which will help the company to propel forward. As the company manager it is vital to come up with strategies in the resource allocation. The strategies will also be significant in improving the existing processes and products, finding adjacencies and discovering totally new markets. A competent firm is required to manage its innovation in an appropriate manner. Samsung have to be hasty in its production so that it can cope with competition from Apple and Google. People everywhere, regardl ess of their earnings; desire to use superior and innovative products. Thus Samsung Company has to come up with strategies to make their products more affordable to the customers. People have different tastes, budgets, preferences and lifestyles. Through provision of innovative products that offer value for money, the company will meet different needs of the clients all over (Ghemawat et al, 2011). The diversification strategy should focus on ensuring that the new product gives the customers confidence that the product will deliver on its promise so that they feel their money is spent appropriately. Improving brand quality will make business sense and enhance the company’s capacity to improve the lives of the low-income customers. The Samsung Company has the necessary resources, skills and the will to produce high-quality products at a lower price which meet the customer’s demands. Samsung Company must to come up with innovative strategies such as diversification strategy since the competitors are not willing to move back from breakthrough designs, very responsive and mass customizing variety strategies among other strategies that enhance production of superior products (Kenny, 2009). The innovation team will be of great importance since they will help in generation of a set of innovation activities which amalgamates the activity into a regular cycle of running the company. The following phases in innovation management will assist Samsung to amalgamate the set of innovation activities in order to realize a fruitful end (Trauffler et al, 2007). They include: Setting the objectives for the process             Innovation is all about change and starts with a goal in mind. The major problem is developing a strategy that will ensure provision of quality products at affordable prices which will attract more customers as well as retaining the existing customers. The team of innovation management has come up with diversification strategy that solves this predicament. Once the goal is identified, it will be discussed by all the members in the problem solving team. I am the leader of the team being in charge of other 8 members. These individuals are professional functional areas. The team will have weekly meetings and workshops where they will provide feedback and suggestions regarding their personal experience with the company’s product and services. I will be the leader of the team and I will oversee all the parts of the process from the beginning to the end (Hill, 2012). Cooperation             As an innovation team in Samsung Company we will work together so that rather than raising separate ideas, we can amalgamate them and develop a collaborative solution. This will be achieved through the weekly meetings and workshops. I have great experience as a manager in the company thus there is no need of hiring a trained business coach to facilitate the discussions. In addition, the prosperity of Samsung Company can be attributed to the uphill struggle and proficiency of its employees, whose mutual efforts boost the company’s competitive advantage and speed up innovation. It is also doubtless that the previous success would have been impractical without the intense interest and packed support from all stakeholders. Retrieved from HYPERLINK â€Å"http://www.samsung.com/us/aboutsamsung† http://www.samsung.com/us/aboutsamsungCombination of ideas The team highlights the ideas, and then they select the most suitable ones and then evaluate to see whether they can be combined to come up with an excellent idea. In deed, bold ideas will be complementary to each other and will combine to a better result. The whole result is likely to intensify with every member contributing to the process. The success of this combined ideas require representative from every stakeholder in the process. This is because these stakeholders are experts and have crucial information that individuals from other departments could not raise. As the team leader I will ensure that every angle of innovative process is covered. The business idea is to develop an advanced wireless disk drive. Evaluation of Innovation             This is a very crucial aspect of innovation management; however, it is usually ignored. When the most suitable ideas are fine-tuned, combined, and polished they should be subjected to peer review for evaluation. This will ensure the efficacy of the idea of advanced wireless disk drive. Deprived ideas will be identified in the evaluation stage before Samsung commits its funds, time and resources to them. Evaluation stage will also help the team to select idea with great potential from the other ideas that seem to have equal chances of success. This is the stage where the innovation team can alter the strategy of innovation with a lot of ease as compared to later stages. The stages after evaluation stage are more costly and thus require a lot of caution. The advanced wireless disk drive will enable customers to; access their Media Wirelessly, stream media wirelessly to Tablets or Smartphones among others, customers can also stream to up to 4 diverse devices concurre ntly, the drive also can operate the disk drive as a moveable DVD Writer and finally the wireless disk drive can as well be paired with Samsung Smart TV. The advanced disk drive is the quickest of all other wireless disk drives. Testing the ideasOnce the innovation team identifies the potential idea, in this case developing an advanced wireless disk drive, they will test it so that they can identify the weak areas that require development. One of the most common method of testing service delivery or product quality is creation of test group. This will enable the innovation team, the customers, and the investors to familiarize with the new product in terms of its functioning and the necessary changes to be made to improve the product. The strategy is to ensure that the product raise interest as well as generating more orders. Customers will get interested to the high-quality products such that they will order more products from the company. Execution of the innovation implementation             If the idea of advanced wireless disk drive passes through the testing process, it can be further modified and changed until it is ready to be implemented as a component of the company offerings. The execution of implementation is unique for every business. Unless the idea of an advanced wireless disk drive calls for alteration of marketing strategies, then this step for innovation management process should be basic for the company. It will be effortless for Samsung Company to move from testing of the product to the execution if the new product were able to create interest and generate orders in the testing stage (Zacharias, 2011). Assessment of Innovation Life-cycle             This is the step that follows after the execution of the business idea. Implementation should be closely monitored and assessed regarding the targets to be set. If the target is unattainable, the idea will be turned down calling for developments. Customer is always considered in the execution stage, the team will design measuring systems which can measure the value added to the customer through application of new strategies. Samsung work under the philosophy of ‘people first.’ The next step after assessment is starting again, identify new strategies, solutions and inspirations and taking them through the cycle until the company come up with appropriate strategies that ensure value is added to the customers. Over the last two decades, Samsung Electronics utilized a series of turn around strategies that basically altered the approach of managing Samsung Company. The employees will be forced to learn from the new speed. Creativity calls for speed in the processes, inventory turns, functions, data access and market response. The style of management which includes control and command is obsolete and the modern way of business success is accommodating new technologies as well as open leadership styles where leaders consider other people’s opinions. The innovation team has to determine how the problem is defined in order to come up with appropriate strategy. For example, Samsung identified the problem associated to access of media. They decide to solve the problem by developing an advanced wireless disk drive where people can stream at ease. This will help the company to develop and raise ideas based on the need and how to improve the brand while maintaining low prices. Capacity to come up with new ideas should be one of the most crucial priorities in an organization. Retrieved from http://www.samsung.com/us/aboutsamsung/ Innovation process will also include the Samsung’s internal and external elements. The team of innovation includes eight members who are company employees, customers and other stakeholders in the company. The innovation process will consider the following: Industry and cultural context.             This refers to the environment and culture existing in Samsung Company. Samsung Company main objective is to produce first-rated product and services. The company officials also are very considerate since they respect other people’s opinions. This cultural background has greatly contributed to the expansion of the company since the employees have learnt to work under minimum supervision. The relationship between employees and the supervisors is excellent. The company is also deeply concerned with the future path of the employees and thus provides mentoring, training and essential coursework as well as coaching them. The company is also concerned about the employee’s social life and thus offers flexibility in schedules (Michell, 2010). Employee’s opinions are also taken seriously so as to involve them in decision making. Decision making is very important and everyone should be involved since decision made will affect every individual related to the company operations. This employee relationship enhances engagement thus workers are motivated and thus will be crucial to company’s performance. Samsung Company recognizes that a company is its people, thus they operate under the value of integrity. Operations in Samsung are guided by moral values which ensure respect, complete transparency, fairness, for all employees as well as stakeholders (Mellor, 2003). Organizational context             Samsung’s structure is very distinct because although there are representatives in every sector; respect remain paramount in the company. Employees respect their bosses and works under minimum supervision. Moral ethics is fundamental principle in Samsung Company. Samsung Company believes in use technology and innovation instead of control and command. The main goal is to be the best company in product and service. Customer satisfaction is the main objective since Samsung seeks to produce high-quality products while maintaining low prices. Company culture is very crucial since it can shape or break down the company. Samsung operates under team-based culture where employees participate on all levels. Samsung Company’s culture is adaptive and hence has enabled Samsung to outshine its competitors (Haig, 2004). Adaptive culture accommodates change which is very essential for innovation management. It is very imperative for Samsung Company to understand its culture since it will learn to shape it according to their wish. The company’s culture has experienced changes due to hiring and replacement of employees. New employees bring new values and practices to the company’s culture. Thus it is vital to access the company culture by listening to comments from suppliers, customers and the employees. The common behaviors and noticeable symbols comprise the company culture. The team should also determine the desired company culture before any change is implemented. Samsung innovation team must find out the appropriate culture that suit the company in its desired future situation. The team will also review the company’s mission, values and vision to ensure that the culture being designed will support them effectively. Samsung Company culture is aligned to its strategic goal (Krug , 2009). Aligning company culture to the strategic goals includes; developing a strategy that endorses the good things in the current culture and correcting the unaligned sectors, the team should brainstorm developments in the formal laws and daily duties, the team should develop strategic plan of the desired behaviors and actions, the innovation team should communicate the recent culture to all employees, and finally the innovation team should also over-communicate the recent culture and its practices to every individual. Strategic model of innovationSamsung electronic main focus is strategic innovation endeavors on product improvement which are usually addition and convey diminutive new significance. Though the aim might be to improve the brand quality it is also good to consider company culture, resources and network. Samsung can avoid diminishing returns from increased competition by creating a new model for the product. The more the innovation team will succeed in advancement of unique features in their production, product and marketing the more the innovation will be. Samsung uses four main areas to come up with a successful new business model of innovation for secure competitive advantage. The first chief area is the core strategy which implies how the company will compete. The innovation team will develop core strategy such that it includes the company mission with key objectives such as strategic intent and value proposition. The company can use the strength of the current strategy or consider generating a new one. The core strategy should focus on competitive markets, defining the environment, customers and segment. A strategic core strategy is different from that of the competing firms and builds on the company’s features and strengths. Samsung Launch of advanced wireless disk drive is a significant step that enables customers to enjoy the quickest wireless streaming from SMART hub. Retrieved from http://www.macworld.com/article/1162103/samsung_announces_new_optical_drive_with_wi_fi_connectivity.html The innovation team will also focus on strategic resources. Samsung will also highlight the areas that require reorganization and improvement of the existing staff. The team should understand the company’s patents, brands and infrastructure. The company resources are expensive to imitate as they are associated to high cost and thus scare off competing firms. The company should use its strengths to improve competition. Customer interface is the other key factor to consider, where Samsung considers the market and the existing competition. Samsung should identify the type of service, channels and support involved or that it controls with the available one so that they can add value to the product. Samsung innovation team should also use its client’s insight and use every opportunity to improve market understanding and how the market understands the company. Understanding the information requirements of chief customers and their dynamic interaction with the product or company is very important in strategic innovation. Pricing strategies might also be considered since the new product might alter the company’s practices (Michell, 2010). Value network is another crucial factor to take into consideration. Samsung should consider the value network from the top to bottom of the value chain. The company stabilizes when it attract more finances and better partnership as compared to its competitors. The rapport between company and its suppliers influence opportunities for faster changes, price and quality of a product. The partners of the company can supply critical solutions and mechanism to the product, or create synergies or symmetries to augment sale. If Samsung innovation costs are projected to be high, the innovation team can consider a coalition even with the competing firm to enhance radical change in the market. The framework of meta-innovation is very important strategy to apply since it challenges the firms to think beyond product quality, markets and processes. Innovation does not necessarily have to be a high cost, but it should be an appropriate idea (Chang, 2008). 4. Knowledge deployment             Samsung is committed to inspire people across the world by developing innovative products, new technologies and creative solutions. Samsung is changing rapidly to cope with the changing world. The company is relentless in innovation and pursuit of discovery thus creating possibilities. The launch of the wireless disk drive among other excellent products has enabled Samsung to be a world-class company. Samsung innovation has enabled advancement in technology, skyscraper, medicine, semiconductors, hotels, plant construction, finance and petrochemical among other significant application that help to push industries forward. Through creation of superior product and services, Samsung struggle to augment the lives of people across the world and ensuring positive change to the world. Samsung believe in power to connect people to what they are today with what they aspire to be in future. Samsung Company is the leader in high-tech digital products such as LCD and color tel evision, EMS micro chip and mobile phones (Michell, 2010). 5. Methods of collaboration             Samsung has taken full advantage as a latecomer and outshined various leading companies by employing a powerful engineering of core technology. Samsung does not engage its workers in long working hours, but it believes in innovation management. Samsung work under the philosophy of ‘people first’ thus they are able to develop products that attract more customers. For example, the wireless disk drive is a very advanced tool that will enable customers to enjoy wireless streaming among other uses. Samsung has never thought of quitting transformation and innovation. History reveals how, Kun-Hee Lee, Samsung chairman is excellent in deciding and forecasting. Samsung is also able to be the world leading company because of continuous development and investment. Samsung also changed from massive imitational production to independent product development based on digital technology. Samsung endeavors to make an integrated world through global citizenship and res ponsible approach to business as well as collaboration with their customers and stakeholders (Krug, 2009). 6. Protecting innovation             This paper explains how Samsung internalization in China helps it secure a competitive advantage. Samsung has three lasting forces namely promotion force, force of internal motivation and organization force. Promotion force is the company and entrepreneurship culture which control strategic decision making and approach of development of a company and determine the character of a company. Force of internal motivation is the capacity in engineering of key technology and its application which forms Samsung’s competence. Organizational force is under scientific management which enables Samsung to execute its strategy. Samsung company management involves innovation in reducing transaction cost as well as innovation in utilizing capital. Retrieved from http://www.samsung.com/us/aboutsamsung/ 7. Managing risks: failure and imitation             Diversification is the key strategy that enables Samsung to cope with risk and uncertainty. Samsung philosophy is ‘people first’ which enable them to develop products that align with customer’s needs. Samsung chairman is also excellent in forecasting and deciding power which has greatly helped the company to develop products that attract more customers. Samsung success is not measured in terms of achievement, but how they have improved the lives of the people. Samsung also manage risks by changing rapidly to cope with the changing world. Samsung is a leading company in production of high-tech digital products which are unique. For example, the launching of wireless disk drive is a significant step where customers will be attracted by the drive unique characteristics. Samsung strive to make a better world through innovation, trustworthy goods and services. Samsung utilizes diversification which helps it to produce differentiated products ranging from LCD and color television, smart phones and EMS memory chip. Customers are able to choose from variety of Samsung products which place the company at a competitive advantage. Samsung also utilizes cost-benefit analysis which helps the company to manage risks and uncertainty. Samsung measure the efficacy of a strategy by testing the ideas mainly through insights from customers, employees or other stakeholders (Kenny, 2009). 8. Commercialization             Samsung products are widely used across the world. Samsung has enhanced the growth of many businesses that use their high-tech products. Samsung strive to make the world integrated through advanced technology, finance, medicine, semiconductors, hotels skyscraper, petrochemicals, and plant construction among others. Samsung is made up of more than 78 distinct companies and joint ventures in an extensive assortment of businesses. Samsung objective is to diversify into medicine, health and biotechnology. Samsung is recognized as the leader in technology and is now ranks as a top 10 global brand. Diversification strategy has also helped Samsung to develop different products of high quality at cheaper prices as compared to products from other companies; for instance, Samsung receive massive sale of smart phones. The company also project that the newly launched advanced wireless disk drive will attract more customers and gain more orders (ArguÃÅ'ˆden, 2011). References About Samsung. (n.d.). – Samsung. Retrieved May 22, 2014, from http://www.samsung.com/africa_en/aboutsamsung/ ArguÃÅ'ˆden, R. Y. (2011). Keys to governance Strategic leadership for quality of life. Basingstoke: Palgrave Macmillan. Bessant, J. R. (2009). Innovation. London: DK. Chang, S. (2008). Sony vs. Samsung: the inside story of the electronics giants’ battle for global supremacy. Singapore: Wiley. Day, G. S. (2013). Innovation Prowess Leadership Strategies for Accelerating Growth.. New York: Wharton Digital Press. Ernst, H. (2007). Innovation orientation, innovativeness and innovation success. Wiesbaden: Gabler. Ghemawat, P., & Siegel, J. I. (2011). Cases about redefining global strategy. Boston, Mass.: Harvard Business Pub..Haig, M. (2004). Brand royalty: how the world’s top 100 brands thrive and survive. London: Kogan Page. Hill, K. (2012). International directory of company histories. Detroit, Mich.: St. James Press. Kenny, G. (2009). Diversification strategy how to grow a business by diversifying successfully. London: Kogan Page. Krug, J. A. (2009). Corporate strategy. London: SAGE. Mellor, R. B. (2003). Innovation management (1. ed.). NÃÆ' ¦rum: Globe. Michell, T. (2010). Samsung Electronics and the struggle for leadership of the electronics industry. Singapore: Wiley. Samsung Receives 49 Awards across Multiple Product Categories at CES 2014. (2014, January 15). Health & Beauty Close-Up, 23, 43. (2014). Samsung S5 to feature biometric access control and secure mobile PayPal. Biometric Technology Today, 2014(3), 1.Samsung announces new optical drive with Wi-Fi connectivity. (n.d.). Macworld. Retrieved May 22, 2014, from http://www.macworld.com/article/1162103/samsung_announces_new_optical_drive_with_wi_fi_connectivity.html (2007). Samsung does six sigma: A case study on supply chain management. Strategic Direction, 23(9), 15-17. Trauffler, G., & Tschirky, H. (2007). Sustained innovation management: assimilating radical and incremental innovation management. Basingstoke [England: Palgrave Macmillan in association with the European Institute for Technology and Innovation Management. Trott, P. (2008). Innovation management and new product development (4th ed.). Harlow, England: Financial Times/Prentice Hall. Welcome to Samsung. (n.d.). Samsung. Retrieved May 22, 2014, from http://www.samsung.com/us/aboutsamsung/ Zacharias, N. (2011). An integrative approach to innovation management patterns of companies’ innovation orientation and customer responses to product program innovativeness. Wiesbaden: Gabler Verlag. Source document

Ethiopian Culture

Ethiopian Culture The people of Ethiopia are very diverse group of people that speak several different languages. Among them are a form of Semitic, Cushitic, or Amharic–which is the official language. English is the most widely spoken foreign language. Ethiopia has many ethnic groups: Oromo, Amhara, Tigreans and 77 other ethnic groups. Many of these groups have their own language as well. The two major religious groups in the country are Christians and Muslims along with traditional African Religions.Ethiopians are very respectful people and will rise out of one’s seat or give up one’s bed for an older friend or family member. Being of modest demeanor and courteous are very important social values in Ethiopia. When meeting new people, Ethiopians often are formal and reserved. Forming relationships takes time and is a process in and of itself. Some issues that need to be addressed are the treatment of women. This is due to women not being treated fairly, and even sometimes poorly. Most women don’t know their rights.The Ethiopian constitution provides for equality , but it is rarely followed because there are no effective mechanisms of enforcement for these protections (Ethiopia Economic Studies, 2000). Also, due to the high number of ethnic groups, many people live in states that are segregated by ethnic group and political affiliation. This may cause issues when people of different cultures work together. Reports show that there is a long history of tension between tribal groups in the region. One such example is between the Nuer and Anuak.Other issues that will factor in while doing business in Ethiopia are: extreme poverty; poor infrastructure, such as transportation; communications and other utility services; restrictions on foreign exchange and poor banking system. Despite this, Ethiopia’s economic growth has surged, averaging 6-7% from 1993-1998 (Ethiopia Economic Studies, 2000). Overall, Ethiopia is a country ripe with o pportunity that can provide a mutual benefit to investors and the local population. Labor is inexpensive nd therefore, our company can afford to hire more people and help our fellow employees out of poverty and still turn a profit. There are many risk involved–considering the ethnic and political tension–but with any potential investment, there are always risks. With knowledge and a great understanding of Ethiopian culture, a good business plan can help smooth out the rough edges of doing business in a foreign country. References: Travel Information. (2009). Ethiopia Country Review, 92-103. Cultural and demographic risks in Ethiopia. (2000). Ethiopia Economic Studies, 84.

Internship Report Term Paper Example | Topics and Well Written Essays - 3750 words

Internship Report - Term Paper Example In the historical period of its establishment, it used to operate as a simply creative agency. However, with the passage of time, it has been successful in expanding its business towards performing multiple tasks such as advertising consultancy, public relations, management of creative event, brand design, animation, brand activation and provision of social media. This company is popular in providing complete assistance and solution throughout the country based upon the network design, which follows similar culture and values (Publinet, â€Å"About Us†). In the initial period of Publinet’s establishment, it was operating merely as a creative agency. However, with the modernization and the evolution of advanced technologies, it has been able to spread its wings towards the expansion of business through numerous scales and varieties. Specially mentioning, the company has expanded its business from creative agency to the provision of delivering wide range of services such as branding, advertising, animation and many other services through various quality based networks of communication. The company has basically four departments through which it operates its entire business activities. These include client servicing/ account management, creative department, production team and media department. There are various hierarchical orders of staff members persisting in the organization. The higher authority of the organization ranges from CEO to graphic designer, account executive, creative consultant, IT Coordinator, finishing artist, personnel manager, office manager, copywriter, web developer, production manager and digital services director (Spark, â€Å"People†). Publinet serves the mission of delivering those services to the customers that they expect from the company (Ali & Sons Co., â€Å"Publinet†). With a particular notion of working, the company has been able to acquire the position of locally developed communication specialists’ network.

Management, Work and Society Essay Example | Topics and Well Written Essays - 3750 words

Management, Work and Society - Essay Example It also gives an idea of about when and how the recognition and measurement of intangibles assets are done in a business corporation. Further it also elaborates the condition needed to be an intangible asset. The paper thoroughly describes elements associated with intangible assets like why corporations purchase or internally develops them and what are the examples of intangible assets. Furthermore the paper describes value of intangible assets for a business corporation. Nowadays it is a very sensitive area regarding accounting of intangible assets in a business combination. Further it also shows the importance intangibles assets held by the acquiree’s business while going for business combination. It also describes the growing importance of the various types of intangible assets like human resources, technology & etc. It also helps us to understand the basis of valuation of an intangible asset in the context of sports players in corporate teams. It highlights the trend of bu ying sports teams by the corporate houses and naming them after their name. These corporate houses treat these sports teams and their players as intangible and their valuation is major concern for them (Cohen 2011). Intangible assets Intangible assets can be defined as non-monetary assets which cannot be seen, touched or measured physically. These are identified as separate assets and are created through time or efforts. Hand and Lev (2003) has stated that intangibles can be identified in two basic forms viz. legal intangibles and competitive intangibles. Legal intangibles comprises of copyrights, patents, trademarks whereas competitive intangibles comprises of various activities related to the acquisition of knowledge , various collaboration activities, leverage activities, various structural activities, human capital, competitive advantage etc. Legal tangibles are generally called as intellectual property and the one who possess these assets have the legal right to defend these as sets in the court of law. On the other hand competitive intangible assets cannot be owned legally but are of great importance. It has a direct influence on the effectiveness, productivity, costs, revenue, customer satisfaction, market value and overall performance of an organization (Hand and Lev 2003). Intangible assets can also be categorized as the one that are being included for the accounting purposes and are included in the balance sheet of the companies. Such intangible assets include licenses and patents, purchased goodwill and capitalized R&D costs. The other category includes the intangible assets that are not being considered while accounting and are considered assets from the economics perspective. Various intangible assets that are generally excluded under accounting rules includes staff training, brand value, the development of IT systems, and customer networks. As per IAS 38 an intangible asset other than goodwill can be defined as non-monetary asset which do not have any physical substance. An asset can be recognized as intangible asset only if it is expected to yield future economic benefits and

Losing Accents Essay Example | Topics and Well Written Essays - 500 words

Losing Accents - Essay Example Moreover, the book just as intently defines the clash between the Hispanic and American cultures. It is a culture clash between the fast-paced American way of life and the more conservative Latin culture of the Dominican Republic, the book tackles, however, the difficulties which come with acculturation is universal. Alvarez points out that the clash stems from the conflict between the changes they need to confront in order to adapt to their new surroundings, and keeping to the customs and traditions of their homeland. The latter is clearly defined when the doctor and his wife begins sending the girls back home to Santo Domingo for the summers. The summer vacations, along with boarding schools, the analyst's couch and divorce courts are inevitable answers to the revolutionary plots that evolve at home like the discovery of pot, birth control devices and explicit love letters. Thus, the characters were undergoing a revolution as a family in exile, and an inner revolution amongst themselves as the family tries to adapt to their new home: Dr.

Internal Auditing - Al Ain Rotana Hotel Essay Example | Topics and Well Written Essays - 1000 words

Internal Auditing - Al Ain Rotana Hotel - Essay Example Rotana hotel has managed to counter this risk by putting in place a qualified doorman to receive guests. It has also trained its staff on good interpersonal skills and speed reception. To ensure effective management of addressing of guests feedback, the hotel has to deal with the risk of poor service delivery to impatient customers when handling a complaint as customers differ from each other. Rotana Hotel has formulated a policy on complaint handling that involves all employees receiving complaint handling training, complaints to be addressed by the first individual to handle it, the staff should have knowledge of how to satisfy a complaining guest, a complaint log to be maintained in the front office and the general manager to be informed of all complaints. In regards, to ensuring efficient recruitment, welfare, training and development process of the staff, the risks involved in check-in process without the staff taking proper identifications mostly due to negligence or poor skilled in the check-in process and revealing inside information to outsiders which is dangerous and caused by irresponsibility of the staff. The hospital has managed to sponsor programs of proper selection and recruitment process, staff orientation and performance management so as to have reliable working force to propel the scales of the hotel. The objective of maintaining adequate controls on room occupancy is affected by the risk of double checking in the check-in process where a guest checks in and is not recorded in the system due to default in management. The hospital introduced room control measures that will not enable checking in without full complete of the registration process, guests to be contacted prior to their departure and vacant room accounts to be closed. Discrepancies on rooms to be viewed twice a day and any differences between room occupancy and housekeeping to be addressed. Establishing proper handling of

Course journal Essay Example | Topics and Well Written Essays - 250 words

Course journal - Essay Example For every classroom to maintain order, the parties involved must have a common behavioural code. Students can not express themselves freely without rules, and the teachers have to inform the students from the beginning of the class on how they are expected to behave. The teacher should reinforce negatively any behaviour violating the set rules. Students are motivated differently, and the teacher should make sure that the lessons taught respect the interest and goals of each student. When discussing classroom matters both genders should be present regardless of the topic being taught. When discussing or asking question, the teacher must ensure that each student participates. After focusing on the classroom dynamics and the effects they cause, I have learned that they can be handled through considering the behaviour of the parties involved. After solving the classroom dynamics, students will be able to understand the teaching and the teacher will have an easy time in handling the students. Commitment is the key to success in each subject told in class, and both teacher and students must be

A Person Who Was Nearly Killed After a Heart Attack Research Paper

A Person Who Was Nearly Killed After a Heart Attack - Research Paper Example This essay discusses that many years ago, the patient was already warned by the doctors to watch his diet and maintain a regular exercise. He was advised to be â€Å"careful about his health† and watch his weight because he was already hypertensive and his family (both on the father and mother side) had a long history of having cardiovascular disease and hypertension. The patient was already overweight which indicated that he really had to watch his health. Even his wife which is also a family friend already advised him to at least scale down on his drinking habit and have a change of diet. Still, it was to no avail. The patient was encouraged to do sport or go to the gym or do a leisure swim as a substitute for drinking but it still did not work. Even if he already reached his 40s and had a history of cardiovascular diseases on both sides of his family, he still carried the lifestyle that he had when he was still college. He likes to indulge in fatty foods like pork and high cholesterol beef in addition to junk foods and soda. Even his wife already reminded him to â€Å"slow down† with his eating and drinking habits to no avail. He does not get enough sleep due to his beer binges rendering his immune system weak. Until one day while eating, he suffered a heart attack and it was obviously bad. He just fell from his seat. It was accompanied by a stroke due to his hypertension. It nearly killed him only that he was rushed to the hospital in time. But he was not able to recover from that single heart attack and stroke.... ho attended him explained that the stroke which paralyzed his brain was caused by high blood pressure and heart attack which deprived the brain of oxygen during the attack. Due to the spontaneous heart attacks and stroke that deprived the brain oxygen (caused by heart attack), several blood vessels or nerves in his brain burst. The bursting of the blood vessels left a blood clot lodged within the nerves of his brain that blocked the oxygen from reaching his brain tissues. As a result, his brain tissues deteriorated that instead of recovering, his situation is just getting bad. To date, his physical movement is seriously limited that he has to be on a wheel chair and his speech is now impaired because he can no longer speak clearly. His hearing also deteriorated because we have to yell before he can hear us. But what hurts more than his physical condition is the effect of his sudden paralysis on his family. It was also as if his family was paralyzed. The very first thing that was affe cted was their finances. He was the sole breadwinner in their family and his paralysis rendered him unfit to work and removed the source of income for their family. The only consolation they have is that they were done amortizing their house that they were not thrown out to the streets even if the husband is no longer working. Their savings were literally wiped out with his hospitalization that rendered them bankrupt. They also had to spend for his expensive maintenance medicines. What hurt more is that the wife was forced to work doing some menial jobs that she was not used to. Two of his children has to stopped going to college (the eldest was sophomore in college while the second is a freshman and the youngest was in junior high). They went through turbulent times after that becasue

Application of Qualitative Research Methods Paper

Application of Qualitative Methods - Research Paper Example The problem was highlighted by the fact that the society was not investing in any effort aimed at addressing the problem. Algebra is a basic component of mathematics. The subject is important in producing individuals who can solve important problems in the society. Consequently, it is a key indicator of the competitiveness of the American workforce. It is crucial to consider that stakeholders are concerned that the United States of is being left behind by other countries in producing a workforce that can survive and thrive in the changing global economy. The objective of the study is to determine the extent of algebra problems in the the American society. Consequently, the research will reveal the causes for the poor performance. Understanding the underlying causes will provide a significant opportunity to implement appropriate intervention measures. The second objective is to formulate corrective measures that will address the problem. The third objective is to produce information that can be used by policy makers in order to create effective policy measures to address the problem. A researcher can then conduct interviews and surveys. Surveys will provide an opportunity to evaluate any differencies and similiarties in diverse populations (Jansen, 2010). Phenomenology and field research are also appropriate. Phenomonolgy involves observing subjects in their natural setting. In addition, individual interviews will be conducted in an effort to develop a global understanding of the problem. Interviews and focus groups are effective in collecting accurate information because they provide an opportunity for the researcher to interact with the participant (Gill, Stewart, Treasure & Chadwick, 2008). The researcher will also make personal observations in learning institutions. The approach will enable them to understand the attitude of the students and educators towards the subject and their impact on performance (Dowker, Bennett & Smith,

Rhetorical Strategy Commercial Essay Essay Example for Free

Rhetorical Strategy Commercial Essay Essay Commercials are not always just informative, some convey a message so strong it leaves you thinking about it when it’s over. Most people could care less about watching commercials and would consider them a waste of time, but an opposite handful comes to find them interesting and useful. Many commercials target certain audiences, having the ability to draw the viewers in closer and closer wishing that it were never over. The Guinness Basketball Commercial of 2013 was a top-viewed ad around the nation for it is something that you do not see everyday. When watching this commercial rhetorically, you see things that many normal viewers would not and how well directed this piece of work really is. The Guinness Basketball Commercial exemplifies the aspects of Pathos and Ethos, delivering a inspirational message nationwide through the use of dedication, loyalty, and friendship. This commercial demonstrates dedication, giving up one’s own time to better off a friend that they care about. In the video, nine normal men play wheelchair basketball with their friend who is disabled and cannot enjoy the same experiences they are able to. This is very powerful because you are able to extract the fact that there is not a shot these men would be playing like this if their other friend did not have the ability to walk. Using the rhetoric concept of pathos, the audience is drawn into a state of inspiration and feels what the disabled character has to go through. When they stop playing, the other nine men stand holding the door open for their friend and exit the gym. This makes the audience feel the entitlement of respect for the players who give up their legs just to make their buddy feel included. The disabled man is filled with joy that he has a group of friends who are willing to do anything to make him feel a part of something. This is shown by his positive body language and reactions. The end of the commercial is composed of them going out for a drink after a hard fought, while fun game of basketball. The director is easily able to connect to the focused audience making them want to watch it over and over again, creating more success for the commercial. All in All, through dedication the commercial is titled as one of the most inspiring and most watched ad in 2013. The commercial also delivers a strong message through the use of loyalty for one another. This commercial connected to me especially because I have the type of friends where I know they would do the same for me if I were in a situation like this. While watching this ad, the audience does not know that the other players are able to walk. When finding out, you are given a feeling of happiness and awe not expecting this would be the outcome. This video really captures the element of pathos to make sure the audience stays focused on the commercial with the competitive gameplay and inspiring music in the background. Faithfulness is enticed throughout the entire commercial because even if they were all disabled, it is clear that this group of friends would stick together through any obstacles thrown their way. Even though the commercial does not give away the message of loyalty right away, you can still see glimpses of devotion between the characters and how much they care for each other. After all that is the meaning of being loyal, having someone’s back no matter how bad the outcome looks. This commercial is intended for a more specific audience rather than the general public. Mainly for those who have a good friend that cannot share the things that they are able to do and are willing to help them out. It may even be for those who do have a problem or disability who want to experience activities others can. The possibilities are endless and loyalty is a major characteristic played in the creation of this commercial. Lastly, this commercial is based off the sole purpose of friendship and what it means to be a good friend. While watching you can already tell this group of guys are comfortable with each other and have a strong bond. But when the defining moment comes and you see them stand, the audience is mind blown and friendship becomes an understatement. Sympathy is given to the character in the wheelchair, but at the same time an emotion of jealousy is also exposed towards him for having such a solid gang that cares and loves him. This makes the viewers start to ask themselves, do I have the type of friends that would do the same for me? That one final scene of them sitting around the table and having a beer, defines pathos the most. You see so many other videos and photos of men talking and smiling drinking a beer, it almost acts as a universal definition of the term friendship. The beautiful thing about this commercial is that it is very rare. You don’t hear of everyday situations like this one happening, so it makes it that much more special adding inspiration. And for those that are caught in a situation like this, words cannot even describe how much this ad must have meant to them. Even though many people are not affected or can relate to themselves to this commercial, it gives a sense of hope that there is still good in this world and true friendship still exists. This ad also embeds the rhetoric concept of ethos to tie in credibility along with the amount of pathos that was used. By using a well-known and prestigious beer commercial, the video becomes extremely credible and valid. The audience is put on their feet wondering what will happen next in the commercial which makes it a successful commercial kicking out any previous thoughts they may have had before viewing the short advertisement. You are able to tell that the director put a lot of thought and did a very well job in the creation of this commercial. No one likes watching commercials, but after seeing ones like this, it send chills down your spine making you crave for more. The commercial states, â€Å"The choices we make, reveal the true nature of our character†, and it could not have been said any better with the emphasis on dedication, loyalty, and friendship.

How to Manage Your Stress Wisely Essay Example for Free

How to Manage Your Stress Wisely Essay Stress is defined as a physiological response that occur when an organism fails to respond appropriately to emotional or physical threats (Selye, 1956, p.1). It can also be defined as something that puts a strain on your health and overall well-being. Stress is considered â€Å"The Unseen Killer† according to Charles Stangor. I, personally, define stress as the number one killer. I think stress is the behind the scenes killer to many different illnesses like high blood pressure, strokes, heart attacks and nervous break downs. People are faced with stress every day when it comes to daily life situations. Jobs cause stress, schoolwork causes stress, traffic causes stress, relationships cause stress and illnesses cause stress. According to the â€Å"The Holmes and Rahe Stress Scale†, based upon a survey of everyday life events that could cause stress out of 2,500 military soldiers, there are 40 leading stressors that lead to people being put in the hospital (Rahe, R. H.,1970, p.12). People become hospitalized because they do not know how to manage stress. If people had a better response to stress and different ways to manage stress, they may be healthier. Since stress is a behind the scenes murderer, I have decided to share some stress management exercises with my best friend. She has been going through a divorce. She is now a single mother of two eight year old twins. She has a full time job and she is a part time student. Not only does she have a lot of responsibility, she is also hoping for a promotion to become project manager for her current employer. Between all the juggling schedules and making time for herself, she is beyond stressed. She has lost weight, her hair is falling out, and she never makes enough time to relax. I have come up with a stress management guide that I think will be helpful for her. I find that the power of positive thinking is a great beginning. The best antidote for stress is a happy one: Think positively, have fun, and enjoy the company of others (Stangor, 2013). Wake up with the thought of â€Å"Today will be a great day.† Being optimistic about life will help her with dealing with her daily issues she is faced with. Optimistic thinking helps remove doubt and negative thoughts. Being optimistic about her daily life will help nurture positive thinking. I want her to know that, even though things seem overwhelming, there is plenty to be happy about. She has two beautiful healthy children, a stable career that is considering making her a project manager, a stable environment that her children can rest in, and, although she is divorcing, it can bring a new beginning. I also recommend more planning and time management. With planning and time management, it can reduce stress and the feeling of being overwhelmed and rushed. It will help her self-efficacy, which will help her be proactive and give her the satisfaction of some accomplishment. She can plan out her week, which will allow her some free time for social support from friends and family. Social support will be uplifting to her and let her know that she has a support team. Last, but not least, to help her manage her stress, I would allow her to choose an activity for us to do weekly. Some good stress management activities would be exercising, meditation, shopping, eating out, activities with the kids or just basic girls night out. This time will enable her to be free from some worries and have some fun, laughs, and relaxation. Laughing is truly good for the body and fun brings laughs. Relaxation removes tension and allows the body to be at ease mentally and physically. In conclusion, stress management is vital to our health. It has a big impact on our overall health as far as our moods, heart condition, and mental state. I hope that this information on stress will help her manage her stress and know the facts about stress. Being healthy and stress free is an important factor in healthy living. Cited: Selye, H. (2013). Introduction to Psychology, v. 1.0., 10.2 (1) Irvington, NY: Flatworld Knowledge, Inc., http://www.flatworldknowledge.com Rahe, R. H. (2013). Introduction to Psychology, v. 1.0., 10.2 (12) Irvington, NY: Flatworld Knowledge, Inc., http://www.flatworldknowledge.com Stangor, C. (2013). Introduction to Psychology, v. 1.0., Irvington, NY: Flatworld Knowledge, Inc., http://www.flatworldknowledge.com

Ethical Conflicts in International Business

Ethical Conflicts in International Business 2. Background: Some of authors have been said about Cross Cultural intelligence and Ethical Conflicts. E.g. David C. Thomas and Kerr Inkson defined cultural intelligence: People work for the Global Work place is a representative sample of publications concerning Cultural Intelligence. Scholl hammer (1977) discussed the need for international codes of conduct to govern cross-cultural activities. When expatriate managers return before the official completion of there overseas assignments the stress and low job satisfaction resulting from culture shock is often blamed (Newman et al., 1978). Due to drastic growth of globalisation expatriates managers commonly are seen in many of the multinational organisations. The vital aspect in the segment should be focused on cultural adjustments between different nationality managers. This can be supported by saying that different nations have different cultural aspects. The diverse cultural aspects are the main causes for the confronting situations. The business organisations are in action across different borders of the world. The international organisations consider whether a particular issue is right or wrong due to the bridging gap between the different countries. Cultural relativity is a very waste theory in different countries perceptions. What may be considered right in one culture turned out to be unethical in another. Some argue that the country in which the business is that culture is the one to be followed. All the countries vary in many different aspects like economical, environmental, cultural, ethical values, linguistical and so on. Thus all these barriers which are mentioned make the cultural conflicts. The right business manager is the one who balances between the barriers and the flawless business operations. This entirely depends upon the managerial capabilities. These can be successed by different alternative strategies though one cannot particularly describe a single strategy which is suitable for everyone. One of the valid and required method is to make greater in the cross cultural solutions to international business is communication and interaction with in company and between companies, between organisations and clients and between co-workers. Now days cross cultural consultancies have been participating to solve the conflicts and risks in the cultural organisations. Cross cultural consultancies therefore concentrate their efforts on interpersonal communication. Diversity of cultures and cultural backgrounds between a highly various staff base leads with it difficulties and risks. Cross cultural differences reveal general areas such as in behaviour, etiquette, norms, values, expressions, group mechanics and non-verbal communication. These cross cultural differences then follow on through to high level areas such as management styles, corporate culture, marketing, HR and PR. (http://ezinearticles.com/?Cross-Cultural-Solutions-for-International-Businessid=482) In order to overcome these conflicts, every company need to have specialist concentration is required in the form of a cross cultural professional. One example like an accountant to examine finances, in that way a cross cultural expert know-how to reduce cultural conflicts and provide better solutions to interpersonal cultural differences. Within organisations there are many angles in which cultural differences manifest. Some of organisation areas which cross cultural specialists deal with include, but are not exclusive to, the following: Human Resource Department: HR will take care of employees recruitment process, employees transfers, overseas projects, employees salary decisions and training sessions. These are all covers a wide range of business critical areas that need cross cultural analysis. Group-Building: Every company would like to perform very well. So for that if the cross cultural specialist provide advices and procedures to improve staff integration, minimize cross cultural conflicts and create team spirit. Knowledge or awareness Training: When we are working with different cultural background customers or clients, every company will face problems. So for that company should conduct the awareness training programmes on values, customs, country and religion. As a result we can minimize the cultural misunderstandings and mistakes. Training for Expat: Sometimes company staff required to travel abroad to gain the knowledge about host country history, culture, customs, beliefs, business methods social formalities. Which are promote to reduce the impact of culture conflicts. Public Relation Department: Public relation cover the company brand name, image and advertising campaigns and all areas of organisations should be alert. Because the brand name, image and advertising campaigns which are acceptable to target country cultures. Language and communication skills programme: One of the main cause is to lead the cross cultural conflicts in the business is language and communication skills problem in the staff. By providing the linguistic and communication skills knowledge to staff, we can bridge cultural gaps. Above all the key solutions are currently have been following by business organisations to decrease the cultural conflicts. 3. Research Objectives: The aim of the proposed research is to: * Develop an attractive environment in the multi cultural organisations. * Develop the solutions to bridge the cultural conflicts gaps in the international business. * The actual response of satisfaction from the employees in the multi cultural organisation. 4. Research Method: The main aim of the research method is how you express about accomplish your research goals. Mainly the research method divided into two parts. Those are Research design and Data collection. Here in my proposal I am going to take a part of research design. 4.1. Research design: It contains where you would like to implement the research. And the research is a single organisation or else a part of a division of organisation. In this part we need to explain what kind of way you intend to bring out the research. E.g. On a questionnaire, interviews, case studies etc. And we need to explain which divisions, why you select these divisions as well as we need to explain the identity of our research people e.g. managers, workers and officials. And why we choose this people. The study undertaken to access the problems of conflict management in a cross cultural settings and get the feedback regarding their experiences from the existing employees in the multi cultural organisations and as a result of them we need to minimize their conflicts from their existing employees. Conduct a review of the literatures on employee involvement and the diversity of cultures in order to improve research hypothesis. Carry out primary research in three American owned IT companies in India to judge the opinions of Indian employees and their managers towards values underpinning employee involvement. An IT companies are chosen because the occupations carried out in these organisations are likely to be similar. Thus ensuring that any cultural differences are a function of Indian culture rather than of occupational culture. Research procedure: The questionnaire is uniquely designed to aid the research method in order to come to a conclusion. It contains various types of questions having different characteristics from cognitive nature, so as to obtain a multiple opinion in the given study. So below mentioned are few of those question samples: 1. What were the key issues which are observed during each overseas project? 2. Which are the cultural differences you faced most challenging? 3. What kind of training did was given from your organisations? 4. Which personal strengths did you find most helpful during your overseas assignments? The questions in the questionnaire will seek to test these hypothesis. The questionnaire will be distributed to a sample of employees and of managers across all three Companies. Sources of Data: A classification of data is very important procedure in this concept. The collected data can be classified into two types. 1. Primary data 2. Secondary data Primary Data: The primary data is very important source for to make suggestions to the title obtained. This data can be collected in various methods like survey, interviewing, feedback, i.e. Group Discussion etc., for collection of primary data the survey method is used, which involved predetermined questions. The structured questionnaire contained a form list of question framed so as to get the facts. But it involves high risk and huge expensive method to get the facts. Secondary Data: Collection of secondary data is very easy compared with primary data. But this data is also very important for the growth of an organization; Secondary data is collected from the company journals, magazines, broachers websites. Sample universe: The survey will give the complete picture of the area of the research. Sample frame/unit: professionals, business people, employees etc, who are working in the multi cultural organisations. Sample size: the total sample size is 100 only. Sample method: The information is planned to be collected by sample method, the sample method followed is random sampling method. The probability random sampling method is stratified random sampling. The reasons for selecting simple random method are accurate and easily accessible, if we have sufficient time better to go for face to face interview, if the sample size is large its cost is high. 5. Time scale: 6. Conclusion: It is clear that in any multinational companies ethics are more important which plays a vital role in any organization. By understanding these aspects we have come across many issues where every company is facing different type of cross-cultural ethics. In my literature review of cross-cultural conflicts in international business I have found how managers have to face ethical issues in cross-culture business environment. So however all these issues in cross-cultural business environment are being pointed out by every managers when they are doing host country projects, and many issues were researched by many authors and scholars and they try to make them better by bringing them into the real world. 7. Resources: I have been used the resources from saunders book, journals and articles.

Suppleness in Physical Education Essay -- Papers

Suppleness in Physical Education The definition of flexibility, suppleness and mobility is the range of movement possible round a joint and this depends on the amount of stretch allowed by the ligaments, joints, tendons and muscles. Flexibility is an important component of physical fitness for all athletes as increasing your flexibility aids performance and helps to avoid unnecessary injury. It is impossible to have the same degree of flexibility around all joints as the joint structure itself limits flexibility, for example a lot of movement is possible at the shoulder joint because it is a ball and socket joint, but movement at the hinge joint of the knee is more limited. Increasing body temperature helps to improve flexibility, which is a good reason why an athlete should always warm up. Our range of movement deteriorates as we get older, due to shortening of the connective tissue and general joint degeneration caused by wear and tear. Why should a netballer do mobility exercises? The objective of mobility training is to improve the range of stretch of the antagonistic muscles. Mobility plays an important part in the preparation of netballers by developing a range of movement to allow technical development and assisting in the prevention of injury. All athletes require a basic level of general all round mobility to allow them to benefit from other forms of training. In addition, netball players will need to develop specific mobility for those joint actions involved in the techniques of their game. Netballers do not have the option to dribble the ball; therefore netball is very much a passing game. Throwing is one... ...ying netball as players have to repeatedly bend down to gather low passes or rolling balls. As I play the position of centre, a high level of stamina is vital as the centre is the player who links the defence to the attack. The centre is designated to a large area on the court so a lot of movement is required. Netball consists of the players continuously passing the ball, so endurance in the biceps brachii and triceps trachii is essential which enables players to pass the ball accurately with speed and power throughout the game. A good level of stamina will ensure that fatigue will not affect your performance. Lack of stamina is highlighted in the last quarter of many matches in which a player complains of â€Å"jelly legs.† This is usually accompanied by decreased performance in skills requiring muscular strength or power.

Analysis of Two In The Campagna by Robert Browning Essay -- Robert Bro

Analysis of "Two In The Campagna" by Robert Browning "Two In The Campagna" is essentially a love poem, written by Browning to capture the tragic and dark aspects of a relationship. The poem commences with romantic images of the couple sitting in the fields of Rome in spring. The first line, starting with 'I wonder' sets the contemplative tone of the piece, and the poet follows one particular trail of thought for several stanzas. Clearly, the poet is trying to capture what cannot be easily confined; he is attempting to articulate a sentiment of fleeting love that perhaps can only be felt. Browning describes the thought floating away over the picturesque scenery: ?Help me to hold it! First it left The yellowing fennel, run to seed There, branching from the brickwork?s cleft?? The flowing lines and use of enjambment represent his thoughts spilling over, almost frolicking through the fields of Rome. This style of poetry is used by Browning regularly: for example in ?Love Among The Ruins? his thoughts flow over from one line to the next ? however the message of this poem is the opposite from ?Two In The Campagna?, as the former depicts the enduring power of passionate love, and the latter describes the natural diminution of feelings after the passionate climax of sex. The poem becomes increasingly vibrant and passionate as the couple evidently become sexually aroused together. In my opinion, the imagery of the beetles inside a flower is incredibly vivid and is one of my personal favourite images in all of Browning?s love poetry: ??Where one small orange cup amassed Five beetles,--blind and green they grope Among the honey-meal?? The images are abundantly fertile, with an intense evocation... ...uch illogically violent ways. However, it does capture the essence of jealousy, possessiveness and the yearning for eternal unity that many people do feel. Browning has evidently taken this to the extreme effectively, as it is his style to shock the reader. In conclusion, Browning uses many different techniques of conveying the complexities of human passion, and does this effectively from many points of view on love. However, it does seem that Browning usually has a slightly subdued, possibly even warped view of love and romance ? and this could be because his own love life was publicly perceived to be ultimately perfect but retrospectively it appears his marriage with Elizabeth Browning was full of doubt and possessiveness, as seen in ?Any Wife To Any Husband? which most critics believe to be based on the troubled relationship between the Browning?s.

LOreal Case Study :: essays research papers

Recognizing the increasing rate of obesity in both children and adults Effortless Innovations, was founded with the goal of decreasing the obesity rate of both children and adults by providing quality exercise equipment for both children and their parents that promote physical activity both indoors and outdoors. Due to the recent increase in the popularity of video games, our company is forced to compete with them in order to make our products more appealing to our target market. It is a trampoline that is surrounded by a protective covering to prevent accidental injury. The jump-o- line also has a carb counter as well as a CD player featured on the side so that you can keep track of how much fat you are burning as well as have music to entertain yourself. The jump-o-line is available in different sizes the standard being 12 foot but 10 and 14 foot also available. We would be targeting parents as well as children. The jump-o-line would be to promote parents and children exercising outdoors together. We would try to make this product as affordable as possible in order to encourage its usage by people from every economic background. One demographic factor that we are taking in to consideration is age; the group that we are targeting is children ages 8-13. We would be targeting the southern and western states because of their warmer climate, which makes our product ideal for outside fun for the entire family. Children and Parents are increasingly overweight; this would promote physical activity as well as encourage parents and children to play, interact and exercise together. Consumers of all races as economic classes could benefit from this product. However, we would be targeting the individuals and families in the working class. The trampoline is a product that is already in existence but we believe that with a few minor changes (CD player and carbohydrate counter) the Jump-o-line will boost the popularity with children. The major competitors to the Jump-o-line are the other trampoline providers such as: 1.  Ã‚  Ã‚  Ã‚  Ã‚  38† Mini Trampoline available at Goods and Deeds for $29.99 2.  Ã‚  Ã‚  Ã‚  Ã‚  Jumpking 15’ Trampoline and Trampoline enclosure available at Elite Deals for $549.95 3.  Ã‚  Ã‚  Ã‚  Ã‚  Land Trampoline 12’available at KB toys for $199.99 4.  Ã‚  Ã‚  Ã‚  Ã‚  Trampoline plus Enclosure Combo available at JCPenny for $299.99 5.  Ã‚  Ã‚  Ã‚  Ã‚  Gaiam Trampoline- Yoga Yoga Gear available at Wal-Mart for $99.95 All of the current competitors sell the idea of fun and excitement. However, the Jump-o-line offers much more and in some cases a more reasonable price.

Decision Making Evaluation Paper Essay

Re-organization and Layoff: Decision Making Evaluation Paper Management has many changes they adjust to daily. Some of the changes come from firing and lay-off employees. When these changes do take place they can change how the organization develops. Management will have to be able to handle change and still keep the organization developing in a positive direction. According to â€Å"Work Systems† (20150, â€Å"Selecting and implementing significant change is one of the most challenging undertakings that face an organization† (2015). It is vital to an organization to have properly trained management to handle these issues Recommendation from two creative solutions identified from week 4 Why the solution would help the middle income customer (credible sources) for support Business decision should make based on solution When an organization is considering layoffs the first thing they should do is decide whether the layoffs are necessary and can they do it legally. Then consider other resources for example, hiring freeze or no pay raises and promotions. They can also reduce authorized overtime, pay cuts, teleworking, and other cost cutting. Making sure you have solid legal grounds and have a legitimate business reason. Some other steps organizations can take are reviewing actual policies and past practices, check written personnel policies, check employment contracts, and review collective bargaining agreements. You can also consider offering severance or other termination benefits. By implementing some of these alternatives fewer works will question if a layoff is truly necessary. References Guerin, L. (n.d.). Making Layoff Decisions | Nolo.com. Retrieved January 31, 2015, from http://www.nolo.com/legal-encyclopedia/making-layoff-decisions-29949.html Work Systems. (2015). Retrieved from httttp://worksystems.com/services/organizational_change.html

American Rice Inc. in Vietnam

American Rice’s strategy is to expand internationally by using one of the three main rice manufacturers in Vietnam. The horizontal integration with Vianafood allowed ARI to expand internationally and enter new markets. This expansion within the same industry was necessary for ARI in order to achieve an economy of scale. This venture brings ARI a larger customer base, bigger facilities, the first American rice maker in Vietnam, a larger work force, lower cost production, new relationships with suppliers and customers, and tax benefits as a result of the joint venture. ARI’s main input for the joint venture is to set up a management team that will run the operation and to consult the plant operation, plant design, improvements, and marketing. Also, ARI will provide machinery, equipment, technology and some working capital. In contrast, Vianafood’s main input was to provide a sufficient quantity and decent quality rice at a competitive cost, obtain government license, and tax benefits from the government. In addition, Vianafood will provide their Can Tho property, rice milling, equipment, labor, and other infrastructure at Can Tho. Another aspect that ARI was able to benefit from is that Vietnam offered consistent exportable rice volumes. The Vietnamese rice industry did not overlap with the same markets as ARI. This can potentially increase the market share and sales for both companies. U. S. share of world rice trading was in decline and U. S. rice imports were rising. Vietnamese offered low cost rise production, room for expansion, increasingly business friendly. I believe that ARI is taking the right steps in order to become a bigger international competitor in the rice market. However, I don’t think it will be enough to reach their goals. Also, I think that their plan for this joint venture is not coordinated tightly enough from a managerial aspect. ARI is not paying enough attention to the culture of this business in Vietnam and to the uncertainty and dependency of Vianafood on the government regulations that can dramatically affect the success of this venture. On the other hand, ARI research on the rice market in Vietnam proves that there is a potential of success and growth in this market. Exhibit B shows that both sides mostly work in the same line of business, and both companies can benefit from the relationship. For example, ARI can benefit Vianafood with their higher quality rice, while Vianafood can benefit ARI with lower production costs. I believe that what will determine the success of the venture is whether ARI will be able to culturally develop their business strategy in a collaboration with Vianafood and whether the government regulation will change, and as a result force changes on the terms of the arrangement. The expansion mode that ARI uses to expand into Vietnam is an Alliance, but more specifically, it is a joint venture mode. Both sides come into an agreement of investing funds and resources, and agreeing on a management team that will lead the venture. Yes, I believe that this mode is a good mode of expansion for both of the companies. Both exhibit A and exhibit C show the benefits of an alliance for both sides. This analysis shows that the risk to benefit ratio of ARI acquiring Vianafood is too great and therefore it will be much smarter to go with an alliance. ARI has other alternatives for expanding into Vietnam. Those alternatives are; buying out an exciting company in Vietnam, merging with a company in Vietnam for a certain amount of equity, or a non equity merging. I think that their decision of expansion mode was the best choice out of these options and their potential of success in the Vietnamese market will be higher relative to the risk that is invested. Yes, I think that this investment will be necessary for the success of this venture. In exhibit D, you can see the potential gains relative to the investment, which clearly shows that according to the net present value calculation the investment should be made. Adding to the finances the value from this investment is very substantial for the ability of both companies to be successful in the global rice market. If we play with the numbers a little and add depreciation to the equation we can see that the useful life of the equipment is 17 years, which can be depreciated in a value of $472,753 per year. System savings plus market premium totals at $1,990,000, giving a total income from the investment after depreciation (before tax) of $1,517,246 per year. Also, the added value of this machinery (taking the financials out of the equation) is very substantial for this ventures success because it can make a higher quality rice with more nutrients and still be saleable at a competitive price. The parboil facility will increase the total yield of rough rice, prevent the loss of nutrients, salvage wet or damaged rough rice and rice germination. Other than the health and quality benefits, the parboil facility has major economic benefits as well. The cost savings were the process of drying the rice, which made the whole process more efficient, the decrease in loss of rice, which was 30%, and the improvement of the whole grain rice yield of about 10%-20%, which increased the quality of rice as well. I believe after looking at the whole picture of financials and the added value that the parboiling facility will add it is an important investment for the success of this joint venture.

Swan Lake Comparative Essay

The timeless Swan Lake is today prized as one of the world's greatest and most renowned classical ballets to ever exist. For over one hundred years Swan Lake has been performed, adapted and rewritten innumerable times to enthrall a wide range of audiences all across the world. Whilst the foundation of how Swan Lake began and came to be is still, to some extent, unknown, it is widely believed that the production was originally choreographed by Julius Resigned with the accompaniment of celebrated Russian composer Russian Tchaikovsky for the musical score.It was first resented as The Lake of the Swans by the Ballet of the Moscow Imperial Abolish Theatre in 1877 in Moscow, Russia. Brash Judgment and calamitous reviews were passed upon this production and in turn, most ballet companies today now establish their staging both choreographically and musically on the revival created by Marcus Petite and Level Vivian, which opened in 1895. Seen through the eyes of millions, countless variations of Swan Lake have been created since its original formation in 1877.One of the most recognized recreations is the Swan Lake modernized by the hieroglyphic genius Grange Murphy and presented by the illustrious Australian Ballet Company in 2002. A spiraling love triangle between the changeable Prince Siegfried, a delicate Dotted and an alluring Baroness von Rotate, Grange Murphy's adaptation of Swan Lake is one to rival most others around the world. Although rewritten countless times, the original plot of Swan Lake follows the tale of the young Princess Dotted, who, under the spell of an evil sorcerer interchanges between a swan and a beautiful young woman.Prince Siegfried, a young man of 21 and soon to e married, stumbles across a lake of beautiful swans whilst on a hunting trip. He discovers through the Swan Queen, Dotted that the evil sorcerer had cast an enchantment on many beautiful girls to turn them into swans, and the tears of their grieving parents had formed the lake. Soon after, Prince Siegfried falls madly in love with Dotted. She reveals to him that the only way the spell could be broken is if a man, pure in heart, pledges his everlasting love to her.This angers the evil enchantress Baroness Von Rotate, and she manipulates Prince Siegfried into infesting his love to Doodle, a girl posing as Dotted and so happens to be Von Rotator's daughter. Dismayed and with a broken heart, Dotted throws herself into the lake, followed by Prince Siegfried who was horrified by his mistake. Together their spirits ascend into the heavens above Swan Lake. Grange Murphy's adaptation breathes new life into the classic Swan Lake by taking a realistic and modernized approach, twisting it in with sensual fantasy and warped spectacle.These themes, combined with others such as betrayal, instability, depression and confusion deviate room the fantasy world seen in the original production and take precedence over the linear narrative of Swan Lake to construct a realistic repres entation that is relatable to audiences all across the world. Murphy's variation of Swan Lake revisits the story of Dotted; the young and naive lover of Prince Siegfried who she is to be married to. After a series of events, Dotted is driven insane by his overpowering infatuation with Baroness Von Rotate.She is then committed to a sanatorium where her emotional damage is irreversible. This is perceived through a range of striking, fragmented events that are seemingly impulsive and uncontrollable. A number of visions are seen through the eyes of the mentally unbalanced Dotted, including a heart shattering pas De deuce between herself and Prince Siegfried, where she appears as a feeble, broken swan and tries to escape his grasp. This is soon followed by an encounter with Baroness Von Rotate, who walks past the window of her enclosed room, arm in arm with the Prince.After much deceit and changeability, the Prince realizes his heart truly belongs to Dotted and tries to find her once mor e, but it is all n vain as Dotted has committed suicide, descending gracefully into the lake, clothed in a long dress. This modern variation, through exploiting the themes of love, loss and desperation maintains an emotional connection to the audience while still fabricating a strong production to be an escape for the audience to enjoy.Grange Murphy made further alterations to the traditional Swan Lake to push the boundaries of contemporary ballet, a style of dance that has recently arisen in the 20th century, incorporating both modern dance and classical ballet. This was flawlessly achieved y Murphy through his involvement in the Sydney Dance Company. The movements used are fundamental to the storyline of Swan Lake as Murphy has staged it to be predominantly driven by romance. He utilizes elements of daring floor work, suspenseful lifts and fluid motions to create a ministering and expressive work of art.In appreciation of classical ballet, many graceful leaps and lifts are used, i ndicative of the traditional swan's fragility. In contrast to this, the scene where Dotted becomes is driven insane wing for the attention Prince Siegfried wild, harassing movements are used, strongly channeling contemporary dance. This is again seen in the imagined fantasy duet between Dotted and Prince Siegfried, when she is locked in the sanatorium. This duet includes variations of movements associated with classical ballet by upside-down grand rondo De Jamb, parallel retires pirouettes and large, sweeping movements.In recognition to the original Swan Lake, Murphy's adaptation still follows the vital elements of the production, including the corps De ballet of graceful swans and a number of unchanged repertoire pieces. The tagging of Grange Murphy's Swan Lake is an astounding construction of visual and aural components to be the driving force behind his modern interpretation. He gives his story a fresh edge by using the original Tchaikovsky score, as recorded by Richard Bonged, r ather than the well-known Richard Dried arrangement that most ballet companies use today when performing Swan Lake.This was a subliminal device used to link the contemporary production back to its foundations. The sets used in Murphy's production are unrivalled. The lake is always present, either in full view or just beyond a foreground interior. In Part 1, it is a fragile, natural spectacle, in Part 2 it is a pool of brooding tranquility and in Part 3 it finishes as a black receptacle of ultimate heartbreak and tragedy. The sanatorium is a minimalist environment- cold, intimidating and antidemocratic.The space used for this scene is small and enclosed limiting movement and in turn, making them more effective. The impeccable costuming influenced by Edwardian times creates a contrast between the traditional Swan lake that focuses it's costuming around the middle ages and drives the narrative forward with repeated motifs. Deist's enormous flowing white wedding dress is one of the most memorable costume devices used, with it hinting at a division between Prince Siegfried and Dotted.