Competition between Traditional Luxury Brands and Recent Development Luxury - Free Essay Example

ABSTRACT This article examines an analysis of fashion and accessible luxury in the industry which gives out clusters of different companies which could be identified based on the base of the set contingent variables which are derived from there supply chain. Our accord will be based on different luxury companies which belong to different industrial sectors. According to the recent service oriented most of the customers and suppliers are centered in the shift firm which is focused on one brand of the fashion at a residual time and this ensures that different authors of the article to give focus on the theoretical framework of different types of the luxury brands. Most of the brand names in the fashion industry are different as we compare with the traditional luxury brands and difference comes in the pricing of the brands which to some extend its unreasonable as addressed in the findings. In the recent changes some industries are publishing more than 100 fashion brands whereby the highest percentage is based on the recent development in the market sector. Then in the process some question arises which focus on the formation of new brands and they can be for human desires. In this article will examine some of the hidden facts about some of the aspects which rely on this brands marketing, imaging and the quality of the product as we compare between the two sessions. INTRODUCTION Brand is an image that is associated with product that is particular to a certain company and to some extend it can be associated with the entire company depending on the level of customers choice. In this article there are different brands that have been focused based on the competition and how we can achieve its marketing and exposure of the brand? Most of study shows that for any brand to be known there are must some positive results which will recognize the preferably of the product. As an example, the American apparel had its fair publicity in the past as it focused on traditional brands, which suffered major, loses form the negative imagine of the brands form customers (Reddy Parent, 2009, p. 192). Luxury is an old view which was started in the traditional errors, however the idea of luxury brands has a special form of branding which is accompanied by the workforce and the affluent of consumption lifestyle. Therefore, due to some of the changes in the years, the market expanded and started offering some transformed fashion, which erupts from small level to family owned businesses (Phan, 2011, p. 84). Most of the changes were effective based on the value of the fashion brand if we compare between the two level states. Due to this some corporations were made which focused on the investment of the strategic management, brands design and marketing and capabilities of outcome that one can obtain from the luxurious brands which compete over its development. The study is focused on that competition with emergence on the global luxury of the brand industry and some of the conceptualization which address on matters of development in the luxury fashion brands (Liu Warnaby, 2016, p. 363) . In this endeavor, the discussion will focus on the evolutionary growth which is the mandate of the industry and market as it entail on matters of cultural and social platform. Some of the prices in the fashion brand belief that this goods are highly priced because of the quality of the product. Though, some are scares and difficulty to quantify especially the traditional brands which are on the views of most customers satisfaction. Objectives In this article our main focus of the relationship will be addressed based on the competition of the different brands which are in the traditional and fashion brands and some of the perception with which the context of the media relies on and which are on the development. Both the qualitative and quantitative elements which features on the same brands have some equity in them and we shall base it on company brands rationale. The focus of the article will be on the value of the customers and how they feature the brand including its history which creates the current market of the luxury goods. Additionally, the supply change its included in the fashion brands which adds value to the production process and beyond the level of recent development. LITERATURE REVIEW The luxury brand industry is an industry classification which is under the accord of certain forces of analysis and which operate in different framework. Most of the luxury brands addressed cannot be formally be based on independent industry but rather vary on terms of the automobiles which are indeed rare to imagine. However, it is evident that most of the recent fashion brand offering vary though they provide either consumers with comparable symbolic and different benefits being traditional or the new upcoming development (Amatulli Guido, 2016, p. 251). It is common that the brand positioning has some shared customer base which has resulted in different practitioners consolidating the industry segment. Hence, when one base on luxury we simply feature to an exclusive group of different brands across different segment which are distinguished by the basic ability to convey some of the consumer elements and its characteristics in the market. Historically, any market brand, which compr ises of either small or in large quantities must have some value on matter of the quality and efficiency of the product (Brioschi, 2006, p. 180). To a large extend our competition will basically rely on the multinational market brands which were in the early ages of 2000 and which were termed as traditional. In particular, some of the prices had to have inflation for the market to undergo some changes which was more effluent on consumers taste and preferences. According to most of the diversification in the market field any increase in international market leads to a direct increase in customers relation as there is the idea of profit gain which is more significant in the fashion brands and customers diversity (Brun, 2017, 15). Although, most of the luxury brands are changing in terms of market expansion there are some generating views which strengthen this competition based on the industry commitment? The managers of the luxury brands either traditional or in the recent development should invest substantially in a manner that can renown the competitive positioning based on the linked values of the products. It is also crucial in luxury brands to focus on either the market strategy, which enhances the need for this competition through social, or self-esteem (Bowler, 2010, p. 1271). According to the recent research it is evident that this article has some superior quality which is distinctive based on the consumers perception. Any branding given has some image in it which can add value to the company product due to the choice of the buyer who focus on the luxury corporations. To get a better understanding of this article, one has to value some of the processes which are used to create the exact fashion products under the supply chain of the industry. The supply chain of some of the fashion brands which are accessible is close and similar with those which were in the traditional luxury only that some advancement have been done in the framework of commodities. The first part of the supply chain of the fashion is competitive to its different blends which give multiple designs and colors made in the test product (Cailleux Kapferer, 2009, p. 408). Then, for mass approval fashion brands has some line of the mass quantity which differs due to change of customers perception. It is either in an outsourced manner of the company or the plans of the customers relation in the market gap (Berthon Berthon, 2009, p. 53). Generally, any supply has to link with different customers who give different returns based on the quality of the goods and accessible ones. During th e last few years this brands expanded in the global and were more competitive in the emerging market which projected that in the near future it will outweigh the traditional luxury on matters of economic rationale and love of the luxury brand. DISCUSSION AND FINDINGS Valuation of the Different Brands Value Chain In any production of any brand either on matter of traditional luxury or in the new market development, the company should feature on different methods which add some value to the firm. In putting this extra effort the research of the article has shown advertisement forms the superior part of the product. This matter may even be based on the pricing, perception of the brand image and some of the distribution matter, which has an attempt of raising the brand value (Kaplan Haenlein, 2010, p. 65) Pricing This is one of the largest competition that the customer should focus on. If the demand its too high it will tempt to lower the price of the luxury brand which to some extend may lead to low value outcome form it. If we compare the recent and the traditional luxury it is clear that there is some sensitize price inflation which will lead to comical outcome (Janssen Lefebvre, 2014, p. 55). Some of the recent companies tends to manipulate it and make it at the same level throughout. Generally, luxury brands offers a discounted price in any industry. Scarcity Any availability of the product create more desire for production of another one. Therefore in most of the companies which prefer to maintain this luxury must focus on the distribution of the products in the system and some of the limit which gives out the inner outcome of the different types of luxury (Hwang Kandampully, 2014, p. 104). Brand Images The image of any brand has some value depending on the luxury of the accessible product. It is clear that most of the said brand has some image in it which has some significant in some of the developed nations. Most of the brand images in our comparison will be based on the customers concern and willingness with which may prefer to buy (Hennigs Klarmann, 2012, p. 31). DISCUSSION In most of the findings was done using different methods of data capture which focused on more than one nation and its residence in specialty of cultural type and influence and gender. Among the people, that the article interacted in the outcome of this topic gave different opinions which was done under excluded sample forms and on the right group (Fionda Moore, 2009, p. 355). The analysis of the data were revealed based on the respondents who had different citations. Minority featured on traditional luxury as they mentioned their brands based on the category of the people. Again, some of the self-satisfaction from the respondents observation was low as they expressed their feelings in a luxury fashion which was on the art form of the daily life routine. Most of the views lied on the communication of the new traditional luxury media, which was addressed, based on its features and quality although it was more competitive (DallOlmo Lacroix, 2003, p. 102). According to the discussion which the article has addressed most of the consumers are influential on the fashion design luxury brand as they feel a good sense of the participants feeling in viewing and comparing with the traditional luxury. Hence, survey shows that it is irrelevance to focus on change of development lacking clear thoughts of information with which one can gain trust in it. CONCLUSION In conclusion, luxury brands have a unique sociocultural meaning which is based on consumers views. Most of the brands offer a simplicity taste of reference which is effluent based on the lifestyle of a particular brand. In this witness, some of the cultural and social platform have different meaning which focus on the characteristics of luxury brands towards the phenomena of the socio cultural influence in pursuit of the luxury surveys in the consumers culture and nature of the new brands in consideration. It is clear that a higher brand value would mean less price when it is sensitive to its audience while lower brand will mean low potential which is accessible by a large number of people. In this competition there are many different types of models which focus on fashion brands and which its accessible due to technology impact and can determine the correlation inclusive of the price. It is therefore of vital to have a building brand which is essential for the longevity of any of t he company as it maintains the secrets of the company based on the brand and consumers who are the real investors and creates the competition. BIBLIOGRAPHY Amatulli, C., Mileti, A., Speciale, V. and Guido, G., 2016. The Relationship between Fast Fashion and Luxury Brands: An Exploratory Study in the UK Market. In Global Marketing Strategies for the Promotion of Luxury Goods (pp. 244-265). IGI Global. Berthon, P., Pitt, L., Parent, M. and Berthon, J.P., 2009. Aesthetics and ephemerality: observing and preserving the luxury brand. California management review, 52(1), pp.45-66. Bowler, G. M. J., 2010. Ethnography: A Method Specifically Designed to Study Cultures and Communities Online. The Qualitative Report, 15(5), pp. 1270-1275. Brioschi, A., 2006. Selling dreams: The role of advertising in shaping luxury brand Meaning. In: J. Schroeder M. S. Morling, Eds. Brand Culture. London: Routledge, pp. 177-188. Brun, A., 2017. Luxury as a Construct: An Evolutionary Perspective. In New Luxury Management (pp. 1-17). Springer International Publishing. Cailleux, H., Mignot, C. Kapferer, J.-N., 2009. Is CRM for luxury brands? Brand Management, 16(5/6), pp. 406-412. Chandon, J.L., Laurent, G. and Valette-Florence, P., 2016. Pursuing the concept of luxury: Introduction to the JBR Special Issue onLuxury Marketing from Tradition to Innovation. Journal of Business Research, 69(1), pp.299-303. DallOlmo Riley, F. Lacroix, C., 2003. Luxury branding on the Internet: Lost opportunity or Impossibility? Marketing Intelligence Planning, 21(2), pp. 96-104. Fionda, A. M. Moore, C. M., 2009. The Anatomy of the Luxury Fashion Brand. Brand Management, 16(5/6), pp. 347-363. GAO, L., Norton, M.J., Zhang, Z.M. and Kin-man To, C., 2009. Potential niche markets for luxury fashion goods in China. Journal of Fashion Marketing and Management: An International Journal, 13(4), pp.514-526. Hennigs, N., Wiedmann, K.-P. Klarmann, C., 2012. Luxury Brands in the Digital Age Exclusivity versus Ubiquity. Marketing Review St. Galen, 9(1), pp. 30-35. Hwang, J. Kandampully, J., 2014. The role of emotional aspects in younger consumer-brand relation ships. Journal of Product Brand Management, 21(2), pp. 98-108. Janssen, C., Vanhamme, J., Lindgreen, A. and Lefebvre, C., 2014. The catch-22 of responsible luxury: effects of luxury product characteristics on consumersperception of fit with corporate social responsibility. Journal of Business Ethics, 119(1), pp.45-57. Kapferer, J.N. and Michaut-Denizeau, A., 2017. Is luxury compatible with sustainability? Luxury consumersviewpoint. In Advances in Luxury Brand Management (pp. 123-156). Palgrave Macmillan, Cham. Kaplan, A. M. Haenlein, M., 2010. Users of the world, unite! The challenges and opportunities of Social Media. Business Horizons, 53(1), pp. 59-68. Kim, A. J. KO, E., 2012. Do Social Media Marketing Activities Enhance Customer Equity? An Empirical Study of Luxury Fashion Brand. Journal of Business Research, 65(10), pp. 1480-1486. Liu, S., Perry, P., Moore, C. and Warnaby, G., 2016. The standardization-localization dilemma of brand communications for luxury fashion reta ilers internationalization into China. Journal of Business Research, 69(1), pp.357-364. Nueno, J. L. Quelch, J. A., 1998. The Mass Marketing of Luxury. Business Horizon, 41(6), pp. 61-68. Phan, M., 2011. Do Social Media Enhance Consumers Perception and Purchase Intentions of Luxury Fashion Brands. Vikalpa: The Journal for Decision Makers, 36(1), pp. 81- 84. Reddy, M., Terblanche, N., Pitt, L. and Parent, M., 2009. How far can luxury brands travel? Avoiding the pitfalls of luxury brand extension. Business Horizons, 52(2), pp.187- 197.

The Failures of Communism - Free Essay Example

Sample details Pages: 4 Words: 1198 Downloads: 6 Date added: 2019/03/18 Category Analytics Essay Level High school Tags: Failure Essay Did you like this example? Communism is a terrible ideology that prevents the deserved freedoms of those living under that countrys rule, leaving behind distressed civilians and a corrupt sovereignty. The word is originated from comun in the French language, meaning common, or community. Communism comes in different forms, whether it is just a mere social label or a pure following of certain degrees; however any form is mutually unhealthy. Don’t waste time! Our writers will create an original "The Failures of Communism" essay for you Create order The leading source of distress within a communistic state or nation is due to the belief that economic equality a valuable idea and is properly achieved through the abolishment of private properties. This would mean a man could be legally allowed to enter another mans house without his prior consent. That eliminates all consideration of privacy an individual may want. The elimination of private properties is one of many heavily established bits of the Communistic studies. This comes from the Communist Manifesto, written by Karl Marx and Frederick Engels in early 1848. In the Communist Manifesto text, authors Karl Marx and Frederick Engels both imply the means and goals of Communism. With what they wrote, they did not have quite an idea as to how much their book would affect the world. Creativity is valued amongst many people from all sorts of social rankings. This is not quite the case for a government based on the principals of Communism. Being a nation formed on the requirement of repeating your daily steps for your communistic model, needs all attention diverted on the forced economy. This repeated economical schedule demands nothing but absolute copies of everything, not allowing for a change in ones routine. A change in an individuals routine is considered at its core to be creativity, a symbol of humanly design. The model of Communism forces a symbol of automated design, set apart from human instinct and creativity. A cause of such forcible repeating within a nation is the direct limitation or dissolving of the rights to which a human should be entitled. In the Communist Manifesto, Karl Marx states ten different ways to oppress the people into redistributing everything they own. This would be considered a community share, which means you can take whatever yo u want from anybody and they are required to give everything they make to the community. When a man is forced to collect and give unwillingly, that is immediate oppression and a way of showing how that individual has no rights. With the never-ending policy fulfillments of Communism, the government ensures a good communistic figure is always placed into office. There is no room for anything to exist except for rotten, untainted corruption. The people often follow in this poor example, being corrupt themselves. An example of this would be briberies of any sort. If wanted, a parent could bribe their childs teacher into giving their student better grades. There is a social ladder for what is legal as well. While your average bureaucrats have a relatively low salary for work, it is legal for them to money from briberies, often involving a violent act of some sort as the leverage. All of corruption may be started by one corrupt individual. For example, in 1921, Romanias government had been overrun by Communism. This ruined the economy for Romania and the health of civilians. In 1965, the people of Romania had believed to rid the nation of its Communist ways, soon electing a new president into office. The presiden ts name was Nicolae Ceau?â„ ¢escu, who seemed to have brilliant ideas of running the country at first. This all turned out to be false however, as he oppressed the Romanians more than they had ever been. One day in 1989, the corrupt president and his wife were executed by the civilians in what was called the Romanian Revolution. Corruption under Communism leads to crime, which ends in death and destruction. In a Communist country, you need to always be careful about what you say; or it may cost you your life. In some cases, you may be told by a government official to spy on one of your friends and report back to the officer. If you lie to the officer in an attempt to save your friend, both parties may be killed by the acting officer. If you tell the truth as to what your friend or target is doing, your chances of living are much higher. To avoid making enemies is the best idea you can have, because your enemy could report you for falsefully saying you despise the government. There is no right to a lawyer or to try making a court appeal, the government is the court, and you are always guilty. Under communism, the state makes the rules. Unfortunately, every state follows the model for Communism, some states are worse than others though. This includes having no rights to any private property, no freedom of religion, or any religion for that matter, and many other humanly-restricting laws. This may seem like a God-awful situation any civilian may face, but what if a citizen was to somehow leave that county? It may seem like it would be the end of all issues as an individual, but it in all realization is a very difficult objective to carry out. Firstly, if you were to make it to the border or tell any of your friends about you leaving the country, an official may be listening and report you. Severe punishments or lifetime imprisonment would be the result of an attempted escape going awry. It can also be difficult to leave the country for there is always border patrol seeking to arrest anyone trying to leave. If you do however manage to escape to another country, the chances are that your neighboring country is a Communist nation as well. This is what made it so difficult to flee a Communist country during the Cold War in Eastern Europe, every neighboring country was under the same rule you were forced to endure. The Soviet Union in Russia was especially brutal for this idea this during the Cold War. The bureaucracy would often beat anyone to death that they believed was an attempting refugee, even without asking them questions many times. If you successfully escape to a non-communistic country and ever return home, you will most likely be killed or thrown in prison for life. For all of the provided reasons, Communism has been shown to have no valuable forms. Whether you may be facing anything above adversity, negative affects internally, not having a chance to express creativity, not having any rights, consistently viewing corruption in its raw form, and fearing for your life as your friends may turn their backs on you and foes may report you, the importance is found in seeing how negative of an affect Communism delivers. Everybody deserves freedom, yet not everybody earns them either. There is no way of earing freedom, we are just given it sometimes, and often take it for granted. Communism is a horrific ideology which limits the freedoms humans should have while under that nations reign. Communism has failed in Russia, Romania, and many other countries, which leaves behind certain unwanted aftermaths. Communism will always fail, because it never worked in the first place.

Bruce Honniball - 1613 Words

BRUCE HONIBALL’S INVENTION Principles of Corporate Finance 7th Edition Richard A. Brealey and Stewart C. Myers MEMORANDUM To: Bruce Honiball From: Sheila Cox Re: Gibb River Bank Equity-Linked Deposits Bruce, thank you for your memo. I think you may be onto a winner with the equity-linked deposits, though my calculations suggest that we can’t afford to be quite as generous as you propose. Spotting the option. Think of it this way. Whatever happens to Australian share prices, depositors under your scheme get back their initial investment of $A100 at the end of the year. If share prices rise by y percent, they also receive a bonus of .5y ( $A100. For example, if prices rise by 10 percent, the bonus†¦show more content†¦That would guarantee that we could also pay any bonus. We would then have a completely hedged, risk-free position. What if equity-linked deposits sell like hot cakes and it becomes difficult or expensive to buy sufficient call options on the index? There is another way to hedge our risks. Black and Scholes showed that a call option can be replicated by a mixture of delta shares and borrowing. In my example, delta works out at .6256. So to replicate one call, the bank would need to invest .6256 ( $A100 in the market index[3] and borrow $A50.28.[4] The net cost of replicating one call would be 62.56 - 50.28 = $A12.28. Of course, to replicate .3 calls, the bank would need to invest only .3 ( 62.56 = $A18.77 in the market index and borrow .3 ( 50.28 = $A15.09.[5] So, if necessary, we can hedge the equity-linked deposits by borrowing to buy the market.[6] As time passes and share prices change, we would need to adjust the amounts that the bank borrows and invests in the market index. Bear Market Deposits. I have also looked briefly at your idea of bear market deposits. Again it is useful to break the payoffs into a fixed payment and a bonus element. Suppose we stick with your suggestion to pay a bonus of $A5 for each 10 percent fall in the index. Then the payoffs from a bear market deposit are as follows: Share prices fall by y% Share prices rise Repayment of deposit $A100 $A100 Bonus .5y (Show MoreRelatedBruce Honniball1604 Words   |  7 PagesBRUCE HONIBALL’S INVENTION Principles of Corporate Finance 7th Edition Richard A. Brealey and Stewart C. Myers MEMORANDUM To: Bruce Honiball From: Sheila Cox Re: Gibb River Bank Equity-Linked Deposits Bruce, thank you for your memo. I think you may be onto a winner with the equity-linked deposits, though my calculations suggest that we can’t afford to be quite as generous as you propose. Spotting the option. Think of it this way. Whatever happens to Australian share prices

Competitive Strategy for Pharmaceutical Patent -myassignmenthelp

Question: Discuss about theCompetitive Strategy for Pharmaceutical Patent Analyst. Answer: Introduction Competitive advantage of a company is referred to the leverage it has over its competitors which is generated by offering better and greater value. In order to generate a competitive advantage, leaders focus on implement business policies that are based on strengths of the enterprise. While implementing business policies for generating a competitive advantage, leaders have to evaluate the environment in which the company or its products/services operations. Effective evaluation of the environment assists management in creating business policies that provide the company a competitive advantage. This essay will evaluate SWOT analysis, Porters Five Forces framework and PESTLE analysis based on pharmaceutical, tourism and agriculture industry respectively. This essay will focus on Wesfarmers Limited, Qantas Airways, and Australian Pharmaceuticals Industries. SWOT Analysis The SWOT analysis is a useful tool that assists in identifying strengths, weaknesses, opportunities, and threats of a particular company or its product/service. The model was originally developed in the 1960s, and it has remained unchanged in the strategic management field (Culp et al., 2016). This model helps managers in developing their business strategies by assessing different external and internal factors that affect organisational performance. The factors in an external environment include government legislation, social expectation, changing trends, and competition. In contrast, internal environment factors include organisational culture, human resource capabilities, effectiveness of policies and leadership talent (Roghanian, Ghorbani, and Alipour, 2018). The model is used by different managerial personnel in a corporation at various levels. For example, the board of directors and executive officers use SWOT framework while implementing future business strategies. On the other hand, low and medium level managers use SWOT analysis while taking small business decisions while performing daily tasks. An example of Australian Pharmaceuticals Industries (API) is used in order to implement SWOT analysis. The company operates in the pharmaceutical sector, and it is involved in manufacturing, distribution and retailing of pharmaceutical, health and beauty products. Its strengths include the largest wholesale distributor of pharmaceuticals in Australia, offered a broad range of services, many landmark products, niche player in the over-the-counter market, and good overall growth rate (Almarsson, Peterson and Zaworotko, 2012). Its weaknesses include Sigma takeover controversies, alleged accounting discrepancies, the industry is dominated by three key players, Sigma, Symbion Health and API and the company might lose focus from its main products if it branches into new markets. Its opportunities include scope in development of personal care area, divesting of pharmaceutical assets for focusing on core competencies, and growth in awareness about healthcare. Threats include reforms in pharm aceuticals pricing scheme, trade barriers might hurt profit margins of the firm and stringent rules against clinical tests. Porter Five Force Framework It is a valuable tool aiming to analyse the immediate competitive environment of a company. It is an industry analyses framework which considers specific forces that determine competition in a competition (The Economic Times, 2018). The influence of these five factors facilitates economic potential and competitiveness of a sector. Industries share same attributes and the five forces model assists in identifying investment attractiveness, the impact of underlying drivers and assessment of the profit potential of companies. The forces include the threat of entry, the threat of substitutes, the power of buyers, the power of suppliers and the competitive rivalry. The evaluation of these five essential factors assists in summarising the most important criteria to consider for analysing a specific industrys key drivers of success (Zhao et al., 2016). The top-level managerial personnel uses this model while entering a new sector or launching a new product in the market. An example of Qantas Airways is used in order to implement Porters five forces model. The corporation operates in travel and tourism industry, and it offers airline services to its customers. The company also enables its passengers to book tourism packages directly from its websites, and it is third most visited tourism websites in Australia. The bargaining power of buyers in the industry is high because a large number of local and international airlines operate in the industry and customers can easily switch between them without additional costs (Chen and Muzi, 2013). The bargaining power of suppliers is high because Boeing and Airbus are the primary aircraft manufacturer, and they can easily raise aircraft prices in the sector. The threat of substitutes is low because air travel is the fasters and more comfortable option than its alternatives such as bus, train, and car. The threat of new entry is lower because of high initial investment costs and strict governmental regulatory req uirements (Sarina and Wright, 2015). The rivalry among existing firms is substantially high because many low-cost airlines have entered the market which has reduced the profits of Qantas. The rivalry has also increased because of merger and acquisition in the industry. PESTLE Analysis A PESTLE analysis assists companies in analysing six of the key external factors that influence a business and decisions taken by the management. The external factors include political, economic, sociological, technological, legal and environmental. The model assesses the potential impact of these factors on a corporation. In this way, companies can prepare strategically for any future changes by being aware of the external market which provides them a competitive advantage (Fozer et al., 2017). The model enables organisations to determine the current role and status of the corporation in relation to its competitors and collected market information that assists management in creating future development strategies. The process of collecting important information that assists in the development of business strategies is called strategic audit, and a PESTLE analysis assists management in conducting strategic audit of the external environment of the corporation. This tool is used by seni or level managerial personnel to understand the current position of the company in the market and based on such information creating future strategies for sustaining the growth of the enterprise. An example of Wesfarmers Limited will be used for analysing PESTLE analysis. The company is a conglomerate which operates in different sectors such as retailing, agriculture, coal mining, chemicals, and others. This PESTLE analysis will focus on agriculture operations of Wesfarmers. Political stability and contribution of agriculture sector to 3 percent of the countrys economy is beneficial for the company (National Farmers Federation, 2017). The stable economy of Australia contributes to the growth of agriculture operations of Wesfarmers; however, the company faces higher wage costs than compared to other nations. The awareness regarding fresh and health food products is growing, and customers prefer to buy Australian grown products which are beneficial for Wesfarmers because its agriculture operations are situated in Australia. The company uses different modern technologies in its agriculture operations, for example, it has launched Decipher which is Google Earth Engine based comme rcial farming service which uses satellite images, processing power and geospatial data for providing in-depth vegetation analysis (Thompson, 2017). The corporation complies with Australian Agriculture policies in order to ensure that its food products are not hazardous for people, and they are manufactured without harmful fertilisers. The company has also implemented sustaining agriculture program in which it has collaborated with Carbon Trust Company which assist it in reducing its carbon emissions (Wesfarmers, 2018). In conclusion, different examples of companies from industries such as pharmaceuticals, tourism, and agriculture are discussed for understanding the role of strategy development tools such as PESTLE analysis, Porters five forces framework and SWOT analysis. Each tool enables management to evaluate external, internal or both factors which influence their business and the information collected by the tools allow the management to create strategic policies. Effective use of these tools assists companies in understanding current and future factors that affect their business and enable them to create strategic policies for sustaining their future growth. References Almarsson, ., Peterson, M.L. and Zaworotko, M. (2012) The A to Z of pharmaceutical cocrystals: a decade of fast-moving new science and patents.Pharmaceutical patent analyst,1(3), pp.313-327. Chen, Z.H. and Muzi, H.E. (2013) A Casebased Analytical Study on the Strategic Evaluation of Common Equity Performance of SIA in a Global Organic Environment.Journal of Contemporary Management,1(1). Culp III, K., Eastwood, C., Turner, S., Goodman, M. and Ricketts, K.G. (2016) Using a SWOT Analysis: Taking a Look at Your Organization [2016]. Community and Economic Development Publications, 3, p. 1. Fozer, D., Sziraky, F.Z., Racz, L., Nagy, T., Tarjani, A.J., Toth, A.J., Haaz, E., Benko, T. and Mizsey, P. (2017) Life cycle, PESTLE and Multi-Criteria Decision Analysis of CCS process alternatives.Journal of Cleaner Production,147, pp.75-85. National Farmers Federation. (2017) Farm Facts. [Online] National Farmers Federation. Available at: https://www.nff.org.au/farm-facts.html [Accessed on 17 April 2018]. Roghanian, E., Ghorbani, B. and Alipour, M. (2018) Application of intuitionistic fuzzy numbers in SWOT analysis.International Journal of Industrial and Systems Engineering,28(2), pp.152-165. Sarina, T. and Wright, C.F. (2015) Mutual gains or mutual losses? Organisational fragmentation and employment relations outcomes at Qantas Group.Journal of Industrial Relations,57(5), pp.686-706. The Economic Times. (2018) Definition of '5 Forces Analysis Of The Environment'. [Online] The Economic Times. Available at: https://economictimes.indiatimes.com/definition/5-forces-analysis-of-the-environment [Accessed on 17 April 2018]. Thompson, B. (2017) Wesfarmers goes high-tech in return to farming roots. [Online] Financial Review. Available at: https://www.afr.com/business/wesfarmers-goes-hightech-in-return-to-farming-roots-20171019-gz4bvr [Accessed on 17 April 2018]. Wesfarmers. (2018) Sustainable agriculture. [Online] Wesfarmers. Available at: https://sustainability.wesfarmers.com.au/our-principles/sourcing/suppliers/sustainable-agriculture/ [Accessed on 17 April 2018]. Zhao, Z.Y., Zuo, J., Wu, P.H., Yan, H. and Zillante, G. (2016) Competitiveness assessment of the biomass power generation industry in China: A five forces model study.Renewable Energy,89, pp.144-153.

Papa johns research paper free essay sample

The firm that is being analyzed is Papa John’s Pizza, which is the third largest pizza chain in The United States and has stores in over 20 other countries. Overall, the company has a very well developed strategic orientation and is heading in a very positive direction. The company’s operational and customer capabilities are very well prepared, however, the Innovation capabilities are still behind their most formidable competitors. There is a very high level of consistency in both the company’s operational and structural interior and there remains a great opportunity for this company to expand internationally and domestically, through better use of interactive marketing techniques and expanded product innovations. Information from this study was compiled using statistics from ValueLine. com and various other databases within the UNT website. The performance matrix was utilized to gain a better understanding of Papa John’s current market situation and analyze which direction the company should proceed. We will write a custom essay sample on Papa johns research paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The customer, innovation, and operational capabilities were the major Organizational capabilities assessed. Papa John’s carries a mission statement which focuses on â€Å"superior brand loyalty through authentic, superior- quality products, legendary customer service, and extraordinary community service† (Papajohn’s. com). Papa john’s also adopts people as their most important asset to the company and seeks to create long term value for their shareholders. Papa john’s emphasizes six key values in their operations which include focus, accountability, superiority, attitude, constant improvement, and PAPA (People Are Priority Always). Recently, they have adopted a social policy which places responsibility on their suppliers to auditing their treatment of animals. Papa John’s implements a specific strategic orientation with regards to their product market focus and operational, innovation and customer capabilities. They use only high quality ingredients, hand cut vegetables, premium meats and cheeses and all natural sauces to differentiate from their competitors. Papa john’s also keeps volatile cost of key ingredients low through partnering with purchasing companies such as BIBP, which is a large chees purchasing company. Papa john’s also operates their own commissaries, which distribute all of the ingredients and supplies to every store. This helps the company keep costs low and ensure the delivery of quality ingredients. The company also uses a strong and continuous employee training program to ensure consistent quality of menu items throughout each and every store. Papa John’s innovation capabilities seem to a bit lacking. Online ordering is prevalent and the presence of smart phone apps and rewards programs are available, however, the company does not use much business to customer marketing and there are very little signs of using social media devices and marketing tools to connect with their customers. The operating performance of Papa John’s is on a steady gain. The company is currently the world’s third largest pizza company. Pizza hut, a subsidiary of YUM! Brands and Dominos are the frontrunners. Papa John’s had also been rated #1 in customer satisfaction eleven out of the last thirteen years, which aligns with their mission of people being their most important asset (ASCI). In terms of profitability, Papa John’s have an average net profit margin of 4. 3% and is estimated to increase to around 5. 4% by 2016 (Value Line). The company looks to step up their efforts in the international market in the near future as well, with increased operations in overseas countries. Value Line also recognizes Papa Johns as an A grade on the company’s financial strength. The company has a little ground work to do in the area of market performance, as both Dominos and Pizza Hut still possess the lion’s share of the market. The organizational health of the firm is very stable at this time. The financial and operational structure are pretty sound and the company’s goals seem to be heading in alignment with the shareholders. Papa John’s has an earnings predictability grade of 95 on Valueline. com, which suggests that the company is on track to increase revenues and generate profits in the years to come. The performance matrix of Papa John’s concludes that the company is of high importance in the current market and delivers a high amount of performance within the market as well. This would indicate that it is imperative for the company to continue to improve in areas which can gain market share. It is important for the firm to focus on international expansion as well as focus on creating more domestic stores in order to obtain this goal. It may even be beneficial for the company to establish international commissaries to provide the same quality products on a global scale. Another suggestion would be for the firm to create a more interactive marketing campaign to better engage with their customers and build better brand loyalty. Papa John’s could also develop more product innovations in order to attract more potential customers and further company growth. Overall, the current direction the firm is headed will sustain minimal growth at the pace it is going. The need for change is not completely urgent, however, it is necessary in order to keep its place as one of the industry’s top pizza companies.

Major Courses Needed for a Statistics Degree

Major Courses Needed for a Statistics Degree So you want to study statistics in college. What courses will you need to take? Not only will you be taking classes that pertain directly to statistics, but you will also take classes that are similar, if not identical, to those taken by students majoring in mathematics. Below is an overview of courses that commonly make up the core of a Bachelor’s degree in statistics. Requirements for a degree vary from one  institution to another, so be sure to check with your own college or university catalog to be certain what you will need to take in order to graduate with a major in statistics. Calculus Courses Calculus is foundational for many other areas of mathematics. The typical calculus sequence involves at least three courses. There is some variation on how these courses segment the information. Calculus teaches problem-solving and develops numerical competency, both skills that are important for statistics. In addition to this, a knowledge of calculus is necessary to prove results in statistics. Calculus One:  In the first course of the calculus sequence you will learn to think carefully about functions, exploring topics such as limits and continuity. The main focus of the class will move to the derivative, which calculates the slope of the line tangent to a graph at a given point. Towards the end of the course, you will learn about the integral, which is a way to calculate the area of regions that have strange shapes.Calculus Two:  In the second course of the calculus sequence you will learn more about the process of integration. The integral of a function is typically harder to compute that its derivative, so you will learn about different strategies and techniques. The other major topic of the course is typically infinite sequences and series. Intuitively, this topic examines infinite lists of numbers, and what happens when we try to add these lists together.Calculus Three:  The underlying assumption of calculus one and two is that we deal with functions with only o ne variable. Real life is much more complicated with several variables in the most interesting applications. So we generalize the calculus that we know already, but now with more than one variable. This leads to results that can no longer be depicted on graph paper but need three (or more) dimensions to illustrate. Other Mathematics Courses In addition to the calculus sequence, there are other courses in mathematics that are important to statistics. They include the following courses: Linear Algebra:  Linear algebra deals with the solutions to equations that are linear, meaning that the highest power of the variables is the first power. Although the equation 2x 3 7 is a linear equation, the equations that are of most interest in linear algebra involve several variables. The topic of matrices is developed to solve these equations. Matrices become an important tool to store data in statistics and other disciplines. Linear algebra also directly pertains to the area of regression in statistics.Probability:  Probability is foundational for much of statistics. It gives us a way to quantify chance events. Starting with set theory to define basic probability, the course will move on to more advanced topics in probability such as conditional probability and  Bayes theorem. Examples of other topics may include discrete and continuous random variables, moments, probability distributions, the law of large numbers and the central limit theorem.Real Analysis:  This co urse is a careful study of the real number system. In addition to this, the concepts in calculus such as limit and continuity are developed rigorously. Many times theorems in calculus are stated without proof. In analysis, the goal is to prove these theorems using deductive logic. Learning proof strategies is important to develop clear thinking. Statistics Courses Finally, we arrive at what you want to major in, statistics. Although the study of statistics is heavily dependent upon mathematics, there are some courses that do specifically pertain to statistics. Introduction to Statistics:  The first course in statistics will cover basic descriptive statistics such as average and standard deviation. In addition, some topics of statistical inference such as hypothesis testing will be encountered for the first time. Depending upon the level and aims of the course, there may be a number of other topics. Some courses overlap with probability and will involve a study of different types of probability distributions. Other courses are more data-driven and will focus on how to use computational software to analyze the statistics of these data sets.Mathematical Statistics:  Here the topics of the introduction to statistics course are dealt with in a mathematically rigorous fashion. There may be few if any data involved in this course. Rather the ideas from most if not all of the mathematics courses are used to deal with statistical ideas in a theoretical way.Specialized Courses:  There are a variety of other courses that you could then take to earn a degree in statistics. Many colleges and universities have entire courses built around regression, time series, actuarial studies and biostatistics. Most statistics programs require that you complete several of these courses in specialized topics.

Education in the World of Politics Essay Example | Topics and Well Written Essays - 500 words

Education in the World of Politics - Essay Example It can be recalled that the sovereign theory refers to the submission of individuals or a group to a one common sovereign who can protect them against violent death. This submission can also be looked at as a master-slave relationship where those who do not abide form the law is subjected to punishment. In this case, education is important since this is the means or the main tool for the followers and even for the leaders to know their duties and or responsibilities in the group or in the society where they belong. Hobbes also said that since humans are grounded to passions, it is important that humans know how to correctly reason out and that has something to do with logic. Also, with the basic idea that man lives for his own selfishness, there is always a tendency to act through emotion and therefore, with proper education, logic can be attained. On the other hand, there is also another idea from Plato about education. This has something to do with the "guardians" of the "just city." According to him, the guardians, in order for them not to use their power for their own benefits to rule over the people they are protecting, they should be properly educated to know not just their limitations but also their privileges.