Thursday, August 27, 2020
Venture banking - Essay Example They mirror the profit that the objective will produce in future (Rosenbaum and Pearl, 2013: 389).Ã¢ Fourthly, there are cooperative energies. These are the subsequent joined impact which is regularly more prominent than the entirety of the organizationÃ¢â¬â¢s singular impacts. It is the expanded viability coming about when the two association cooperate. Sizeable cooperative energies normally help in counterbalancing the money related show subsequently bringing about accretive acquisitions. The fifth key driver is type of financing that is embraced and most eminently, it involves the obligation and value blend (Rosenbaum and Pearl, 2013: 389). It speaks to the extent of obligation and value. Lastly, there is cost of obligation which is ordinarily the expense of acquiring assets by the association. The LBO examination frequently has various essential capacities. First it generally gives a story or benchmark valuation for the association, and is useful in making sense of what a budgetary support can bear to pay for the objective and still have a possibility of understanding an agreeable or sufficient benefit for its endeavor or venture. The subsequent essential capacity of LBO (utilized buyouts) examination is to give organizations a chance of making enormous procurement of different endeavors without fundamentally submitting a considerable measure of capital. This encourages organizations to effortlessly procure the objective (Rosenbaum and Pearl, 2013).Ã¢ The other essential capacity of LBO examination is the assurance of financing structure for the objective. LBO examination help association is deciding the measure of capital, the kind of capital just as the terms of obligation or value for the objective. This in this way encourages the procedure of obtaining of the objective. Then again, LBO examination aids mergers and procurement (M&A) warning. This essential capacity helps in deciding a suggested scope of valuation for some random objective in the securing procedure. The LBO examination is utilized to decide valuation with the assistance of key worth drivers
Saturday, August 22, 2020
Argumentative Essay Topics - Making Good Argumentative Essay TopicsIf you are struggling with how to make a good argumentative essay topic, you are not alone. Many college students struggle with essay topics as well. You will be glad to know that you don't have to write from scratch and it doesn't mean you are required to make the entire topic yourself.Good argumentative essay topics come in many forms. They can include making your own topic, writing about current events, researching topics that have already been written about, or even as I often say 'taking ideas from elsewhere.' For instance, if you find an essay on other college essay topics that you enjoy, find something similar in your field, and explore them. Do this several times, and then start combining and blending your new topic with your old.Another great method for making good argumentative essay topics is by finding other people's essay topics and incorporating it into your own. You will soon find, after some practice, that this method is also very effective. If you find essays on other essay topics that you enjoy, pick out a few sentences and include them in your own topic. This can become a fun, creative process, and you will probably come up with a topic that you never thought possible. Of course, always make sure that you are familiar with the author of the essay before including it in your own, because plagiarism is wrong.For students that want to make their own topic and feel hesitant, they can ask other college students about what topic they think would be best for their major. This can also help them see what kind of argumentative essay topics they have not yet tried and think about how they would do in that subject. However, if this option is not appealing to you, you can always use the Internet. Using the Internet is free, but if you want the experience of actual college students, you may have to spend a few hundred dollars.College students' opinions are often a great resource for ideas. If you ask your classmates which topic they would like to research, you can benefit from the opinions of others. Of course, make sure that you choose topics that you like and get approval from your class. Because of this, you may find that you are taking too much or too little from others' topics, so take note of what students in your class are choosing, and try to incorporate it into your own topic.One word of caution: make sure that you don't copy the format of another topic or plagiarize in any way. If you try to base one of your topics on a thesis statement from a real essay, make sure that you properly cite it. If you need help in this area, your counselor can help you with it. Simply ask them if you need any help with your topic.Finally, you may find that you can use your opinions to make good argumentative essay topics. College students often share their opinions on current issues, and this can be an easy way to make a topic about current events. Just talk to your classmates and see what they are doing, and what topics they are discussing. When you find a topic that you think would be great for an argumentative essay, talk to your classmates and see if they agree with you. As you can imagine, they will often think that the topic is silly, but it can be a great way to get started with the writing process, so try it.Finding good argumentative essay topics can be difficult, but the more you research, the easier it will become. And you may find that you enjoy the process of looking for essay topics to make argumentative essays!
Friday, August 21, 2020
Question: Portray about the Employee Engagement and Organizational Commitment for diary of the executives? Answer: Presentation Prologue to the Study The point of this examination is to investigate the connection between levels of worker commitment and hierarchical duty. It ought to be noticed that the degree of hierarchical duty straightforwardly thinks about the authoritative advantages and execution. The investigation means to address the variables that influence authoritative duty of workers. Foundation and Significance of the Study The explanation behind picking this point as research is to contemplate the elements that influence the business related results. The investigation can be utilized to improve the exercises of an association to improve worker mentalities, qualities and practices. Research Questions The principle investigate question for this paper is recognized as- How the executives conduct influences worker commitment and authoritative responsibility levels? There are other auxiliary inquiries that are replied in the report- What are the precursors of authoritative responsibility? What exactly degree the administration practices influence representative commitment and hierarchical duty? Research Hypothesis Speculation 1-There is a positive connection between representative commitment promotion authoritative responsibilities. Theory 2-There is a positive connection between work fulfillment and authoritative duty. Theory 3-There is a positive connection between worker commitment and hierarchical achievement. Research Aims and Objectives To recognize the elements influencing representative practices To explore connection between work execution, representative commitment and hierarchical duty. To consider the significance of inspirational factors in the association. Issue Statement The low-execution gauges of certain associations are identified with low fulfillment levels of workers. The confidence of worker decays if their demeanor and conduct are not moving a positive way. Meaning of Terms Worker Engagement Worker commitment is the connection between an association and its representatives. It is the enthusiastic responsibility of a representative towards the hierarchical objectives (Kruse, 2012). Authoritative Commitment Authoritative responsibility is the mental connection of a worker towards the association. It is an inclination of obligation towards achieving the crucial the association (Leviatan, 2013). Occupation Satisfaction Representative fulfillment or occupation fulfillment is characterized as the fulfillment level of workers towards the various aspects of his activity (Hlsheger, Alberts, Feinholdt Lang, 2013). Writing Review Authoritative responsibility, worker conduct and employment fulfillment are connected terms. These ideas are sponsored up by various speculations clarified as under. Authoritative Citizenship Behavior Authoritative Citizenship Behavior (OCB) is the conduct of representatives displayed in an association. The conduct ordinarily includes chipping in, helping other people, complying with time constraints and advancing. These practices are spoken to by five components of OCB-philanthropy, sportsmanship, uprightness, kindness and community goodness (Salehzadeh, Shahin, Kazemi Shaemi Barzoki, 2015). In straightforward words, unselfishness implies being useful. It alludes to a representative helping different workers of the association in their undertakings. Scruples alludes to obeying rules, guidelines, being reliable and inferring an exceptionally dependable nature. Sportsmanship alludes to the ability of enduring troubles in the work environment effortlessly and without whines. Kindness alludes to the signals that are exhibited by decreasing issues and diminish its belongings later on. The principle thought of kindness spins around keeping away from activities that make representatives work more earnestly pointlessly. City goodness alludes to the valuable contribution in the political procedure of the association (Chiang Hsieh, 2012). ABC Model of Attitude Disposition is the sentiments, feelings or convictions of a person. It is the mental propensity of a worker that identifies with work fulfillment, hierarchical responsibility or commitment. Demeanor influences singular conduct. There are three parts of disposition: Affective, Behavioral and Cognitive segment. The full of feeling part includes the sentiments or feelings of representatives towards the association. It is identified with the prompt reaction of a representative towards a specific circumstance or occasion. The social or conative part is the disposition that is impacted by or feelings or emotions. It is the impression of the emotions or convictions towards a circumstance. The psychological part alludes to the information or convictions of the worker towards the circumstance or occasion. The activities are for the most part guided by intellectual segment (Nelson Quick, 2013). Commitment Drivers Each association has different highlights or drivers that lead to hierarchical achievement. These drivers interface all representatives and help in commitment for a sound corporate culture. A couple of them are clarified (Tims, Bakker, Derks van Rhenen, 2013). Trust, reasonableness and regard among chiefs, workers and accomplices drive the association. Inside and outside correspondence designs displays better business results (Lipman, 2012). The authoritative structure encouraging undertaking the board and cooperation thinks about the hierarchical achievement. The worker needs to concentrate on consumer loyalty. The conduct of pioneers and the executives influences the resolve of representatives. The prize and acknowledgment framework for overseeing execution in the association additionally influences the hierarchical achievement. The quality and equalization of work-life for administrators and representatives additionally influence the work execution results (Bedarkar Pandita, 2014) . Inspiration Inspiration is a wellspring of invigorating, keeping up and controlling conduct of representatives in an association. Inspiration assumes a significant job as it helps in catching the representatives drive for performing better (Kuvaas, Buch, Gagne Dysvik, 2015). Inspiration enables the representatives in taking a gander at a superior method to finish the undertaking, to be quality situated and work with higher proficiency. Inspiration can be in type of money related advantages, for example, increment in essential compensation, motivations, investment opportunities and rewards. Inspiration can likewise be as non-money advantages, for example, examination, acknowledgment and grants. The persuading factors legitimately identify with necessities, feelings and cognizance (Robbins Judge, 2011). Research Methodology and Analysis Strategy Outline The strategy followed to lead inquire about includes examining and breaking down information from optional sources. The theoretical theories made is broke down in the examination. The examination gives a thought for portraying general market attributes. Research Approach A spellbinding methodology is utilized for leading the exploration. The elucidating research approach helped in giving precise portrayal to testing speculations. It likewise goes about as a reason for dynamic. Be that as it may, the engaging methodology couldn't build up easygoing connections (Kaliannan Adjovu, 2015). Research Design For optional information, three distributed diaries are chosen. The three diaries independently legitimize the three theories of research. A cross-sectional structure is followed for leading examination in which the data gathered was from an enormous delegate test. It permits looking at changed factors simultaneously (Kaliannan Adjovu, 2015). Information Collection Process The information is gathered from essential and optional sources. Essential information was gathered through top to bottom meetings that helped in picking up bits of knowledge, emotions and convictions of members. The optional information was gathered from distributed diaries. The scholarly diary extends the extent of research with subjective just as quantitative information (Kaliannan Adjovu, 2015). Inspecting Method and Size For essential information, the example size is picked to be 25 respondents. Inside and out meeting was directed for procuring subjective information. For testing the primary speculations, the populace is chosen as bleeding edge workers at Jordan for the financial area. Polls were managed for an example size of 336 members, out of which 322 members reacted (Albdour Altarawneh, 2014). For testing the subsequent speculations, overview polls were created. An example size of 950 individuals at college emergency clinics in Isfahan city was chosen, out of 814 individuals reacted (Mosadeghrad Ferdosi, 2013). For the third speculations, a contextual investigation of the Mobile Telecommunication Network, Ghana was chosen. 137 individuals reacted for completing a quantitative investigation (Kaliannan Adjovu, 2015). Moral Consideration The respondents for essential information assortment through top to bottom meetings were not constrained into investment. Privacy of names and contact subtleties are kept up all through the exploration procedure and investigation. Constraints of the examination The principle restriction was less accessibility of time. The time limitation restricted the essential information look into procedure and significant spotlight is laid on auxiliary information. The auxiliary information has a danger of predispositions and inadequacy. Certain difficulty was additionally looked for encoding the composed records as it needs normalization. Results and Analysis The profile of respondents from essential information is appeared in Table 1. Tally Rate Association A 10 40% B 8 32% C 7 28% Age 30 or more youthful 18 72% 31-50 5 20% 51 or more seasoned 2 8% Occupation Position Representative 22 88% Director 3 12% Table 1: Profile of Respondents for Primary Research According to the information gathered through inside and out meeting, subjective information was acquired. I searched for four explicit replies answers expected to commitment, for example, I am glad to work at organization X; I am incredibly fulfilled to work at Company X; I would recomme
Tuesday, May 26, 2020
Q.1 Compare and contrast NDA and BLA. Why are there different applications for small and large molecules? A small molecule drug approval required a New Drug Application (NDA) because it covered under Federal Food Drug and cosmetic Act Section 505 while large molecule drug required a Biologics License Application (BLA) because it covered under Public Health Service Act Section 351. Compared with conventional small-molecule drugs, products derived from a biological source are structurally complex, large molecules and involved in different manufacturing processes that require tight control to ensure their safety, purity, quality, and efficacy. Because of these differences in respect of the product characteristics and manufacturing process,Ã¢â¬ ¦show more contentÃ¢â¬ ¦The regulations regarding BLAs for therapeutic biological products included in 21 CFR parts 600, 601 and 610. Form 356h is a harmonized form, and a sponsor can use it for NDA, BLA and Abbreviated New Drug Application (ANDA). Drugs are nominated as orphan drugs for those diseases with patient population of less than 200,000 in the US. The FDA has given special provision for the development, marketing approval and marketing of orphan drugs under 21 CFR Part 316.The Orphan Drug Act provides incentives to organizations to research and test drugs because it have limited commercial returns due to the small size of the patient group. Companies are taking commercial risks so FDA is providing assistance in the forms of NDA fee waivers, tax credits for clinical research, and grants for the research. The FDA also provides market monopoly to the organization to market the drug for seven years. The office also works on rare disease issues with the medical and research communities, professional organizations, academia, governmental agencies, industry, and rare disease patient groups. The Orphan Grants Program from FDA has been used to bring more than 45 products in the market. 21CFR 316 gives FDA right to revoke orp han drug designation if they found that untrue statement regarding material fact or drug is not eligible as an orphan drug and withdraw marketing monopoly.
Friday, May 15, 2020
Through the novel Frankenstein, Mary Shelley delves into ethical and deontological issues concerning the sciences and scientific research Ã¢â¬â themes that are actually still current in todayÃ¢â¬â¢s day. Mary Shelley exalts the human person, questioning many truths of the world and what it means to be human, along with all the implications that come with it. The novel also explores the theme of nature versus nurture, keeping in mind the knowledge and concepts of the time period it was written in, while continuing to relate to ideas of todayÃ¢â¬â¢s day and age. In the novel, paralleling with the society at the time, prejudice exists, people are judged, those deemed different are badly treated by humanity. And, over the years people increasingly begun to realize that the environment in which individuals grow up in and all the experiences during their life shape them into the person they are. And, depending on those factors, different people will have different character traits a nd temperaments, this isnÃ¢â¬â¢t any different in ShelleyÃ¢â¬â¢s novel. Frankenstein s monster was taught to be malevolent through Victor s abandonment and further negligence as well as society s exclusion rather than innately being that way, since he didn t have any guidance in his pursuit of knowledge. Victor Frankenstein, driven by his curiosity and desire for scientific glory, discovers the secret of life after many years of study in seclusion. Upon his discovery, he creates a being out of body parts he has carefullyShow MoreRelatedMary Shelley s Life And Life1153 Words Ã |Ã 5 PagesMary Shelley, through all of her struggles, still manages to completely entrap the entire imagination, and emotion of each individual member of her audience. Shelley, maiden name Godwin, was born on the 30 of August, 1797. Shortly after giving birth to to her newborn child, Mary Wollstonecraft died of an illness. September 10, 1797; Mary Wollstonecraft, mother to Mary Godwin, passed away, thus leaving her children motherless. Both of ShelleyÃ¢â¬â¢s parents were well known as intellectual thinkers, aheadRead MoreAnalysis Of Mary Shelley s Frankenstein 1527 Words Ã |Ã 7 PagesShelley s narrative is seen to symbolize romantic fears, offering a tale of certain demise, one that gives technology ne gative connotations in the form of the creature whom is represented as an outcast of society. To emphasise this, the sublime settings in the text, provide a space where the marginalised can be heard, however, for in contrast to the power of beauty which works to contain and maintain social distinctions, the sublime in Frankenstein opens the way for the excluded to challenge theRead MoreAnalysis Of Mary Shelley s Frankenstein1744 Words Ã |Ã 7 Pagesintoxicates both the beholder and the beheld. Humans are raised into a society that instills certain standards of elegance and beauty. In Mary ShelleyÃ¢â¬â¢s Frankenstein, the woes and misery of the monster is brought to the readersÃ¢â¬â¢ attention as humans constantly berate and abuse the creature for itÃ¢â¬â¢s hideous body. Mary ShelleyÃ¢â¬â¢s Frankenstein discusses the advantages and the detriments that an alluring versus unappealing body provides a person, and how that person is affected due to the pressures and assumptionsR ead MoreMary Shelley s Frankenstein As A Gothic Novel1042 Words Ã |Ã 5 Pages Mary shelley uses Spooky castles, mystery, and suspense: these are all elements of a Gothic novel. Mary ShelleyÃ¢â¬â¢s Frankenstein was written in the early 19th century, the novel certainly contains many components of a Gothic novel. Shelley uses various literary devices to support the element of a supernatural event, dreams, emotions, and metonymy of gloom, which classify Frankenstein as a Gothic novel. Immediately after FrankensteinÃ¢â¬â¢s supernatural creation, VictorÃ¢â¬â¢sRead MoreThe Concepts of Knowledge and Happiness in Mary Shelleys Frankenstein1011 Words Ã |Ã 5 Pagesnot by my precepts, at least by my example, how dangerous is the acquirement of knowledge, and how much happier that man is who believes his native town to be the world, than he who aspires to become greater than his nature will allow (Shelley 60). In Mary Shelley s Frankenstein, she expresses her beliefs regarding the danger of pursuing happiness through the attainment of knowledge, because true happiness is found in the emotional connections established between people. The pursuit of knowledgeRead MoreAnalysis Of Mary Shelley s Frankenstein 1184 Words Ã |Ã 5 PagesThroughout Frankenstein, Mary Shelley uses a Ã¢â¬Ëframed narrative using three different characters who tell their story at different times of the novel. In the beginning of the story, the audience receives Captain Walto n s point of view, who primarily writes letters to his sister Margaret Saville, in England. Secondly, the audience comes hand in hand with Victor Frankenstein s point of view and within his narrative, they receive the indomitable Creature s point of view. The major theme portrayedRead MoreFrankenstein: Allusions1112 Words Ã |Ã 5 Pagesis a reference to a well-known person, place, event, or literary work. These allusions are typically used by an author who intends to make a powerful point without the need to explain it. Mary Shelley s Frankenstein provides many examples of allusion s. She connects the story of Ã¢â¬Å"PrometheusÃ¢â¬ , Coleridge s Rime of the Ancient Mariner, and Milton s Paradise Lost to her own novel to convey the critical points of the meaning behind the story. Not only does Mary Shelley make use of the mythological symbolismRead MoreMary Shelley s Frankenstein And The Human Nature1029 Words Ã |Ã 5 PagesThere are many places in Mary ShelleyÃ¢â¬â¢s book Fr ankenstein that refer to the human nature; different components of it is represented through almost every character. For instance, Elizabeth possibly epitomizes the benevolence, compassion, and empathy of humanity. Other characters symbolize aspects as well; Victor is curiosity and obsession, Henry is adventure and creativity, Caroline is selflessness and love, etc. My personal favorite, however, is the creature that was created by Victor FrankensteinRead MoreAnalysis Of Mary Shelley s Frankenstein 1117 Words Ã |Ã 5 Pages Intro One rainy night in Austria the idea of the to be famous novel, Frankenstein came to Mary shelly in a dream. The idea to write a ghost story was not her own but Lord Byrons , a friend who was also summer sojourning with Mary and her husband Percy Shelley. Mary Shelley was 16 at the time and The story of Frankenstein was then published two years later in 1818. The tale takes place somewhere in the 18th century a time rich with romantic movement ideas, french revolution aftermath, gothicRead MoreMary Shelley s Use Of Point Of View1467 Words Ã |Ã 6 PagesMichael Ginyard Mrs. Joyner English IV Honors 17 December 2015 Mary ShelleyÃ¢â¬â¢s Use of Point of View Mary Shelley uses point of view in Frankenstein to naturally develop her readerÃ¢â¬â¢s opinions and feelings in regards to her characters. Shelley forms her own Chinese Box structure along with a frame narrative stirred together to give the nature of stories within stories in a completely unique way (Narrative Technique in Frankenstein). When ShelleyÃ¢â¬â¢s readers interpret Frankenstein, they tend to have
Wednesday, May 6, 2020
It is never too late to quit smoking. Smoking is a habit that many Americans have even into their old age. However, smoking is not a healthy habit it effects your brain, heart, lungs and throat, it can cause cancer, as well as COPD. Not only does smoking lead to chronic diseases, but has many effects on the aging process. In older adults, they see a lower quality of life due to a lifelong of smoking. Although smoking in old age has become less popular, the generation of baby boomers is going to change that statistic and will need services for cessation. It is never too late to quit; the benefits of quitting are almost instant. Smoking has adverse effects no matter how old you are, but in old age it makes the normal aging process muchÃ¢â¬ ¦show more contentÃ¢â¬ ¦Although the effects smoking has on a personÃ¢â¬â¢s appearance is not a typical health concern, it is an easy way to see the effects smoking can have on the body. Smoking brings many concerns no matter a personÃ¢â¬â¢s ag e. However, for the population of older adults that chooses to smoke, there are more immediate concerns with their health. For many older adults, aging brings with it disease, cognitive loss, and many other issues, but smoking only speed up the symptoms and often makes them worse. Smoking can influence older adultÃ¢â¬â¢s medications; it can complicate a previously diagnosed illness; and smoking can add more health issues on top of already diagnosed diseases. Smoking brings concerns for elderly smokers because it is dangerous to their health, especially for those that have preexisting health conditions like, cancer, cardiovascular disease and others (Center). Smoking in old age will only make disease treatments less effective and unlikely to cure. Although there has been an increased smoking cessation among the elderly, with the baby boomer population aging there is likely to be an increased need for it. The elderly population commonly experiences trouble swallowing food, as well a s experience insomnia, and the older adults will find that smoking will only make these preexisting complications harder. Not only are the effects of smoking a concern, but the otherShow MoreRelatedQuit Smoking For a Better Future Essay608 Words Ã |Ã 3 PagesAmerica alone are smoking associated. Smoking reduces the life of an average smoker by 12 years. According to WHO, Smoking is estimated to cause 10 million deaths worldwide per year by 2010. Smoking has many hazardous effects on both smokers and the people around smokers. ItÃ¢â¬â¢s damaging the environment and contributing to the global warming. Being a dentist itÃ¢â¬â¢s my responsibility to discuss the damaging effects of smoking and persuade everyone to quit smoking or to never start smoking. First, let usRead MoreCigarettes in America Essay1450 Words Ã |Ã 6 Pagesstroke, and chronic respiratory disease. The most deadly origin of disease is cigarette smoking. A cigarette contains many harmful chemicals that damage the smokersÃ¢â¬â¢ body as well as the people that surround the smoker. Its negative impacts regarding health carry more burdens than what some may say is the Ã¢â¬Å"positiveÃ¢â¬ social outcome of smoking. Tobacco was originally used as a heavy sedative during tribal times and never used as a form of leisure. Cigarettes should be made illegal in the United States becauseRead MoreChildren s Awareness Of Youth Smoking969 Words Ã |Ã 4 Pagesawareness of youth smoking. American Lung Association tries to inform parents and children about the risk smoking has to our bodies, (Ã¢â¬Å"Our MissionÃ¢â¬ ). To dramatically improve the health of the youth, many organizations come together to inform the youth of the effects smoking has on them. Drug Abuse Resistance Education, is a program that elementary students take part to learn about good decision-making skills, (Ã¢â¬Å"MissionÃ¢â¬ ). This program teaches children about the dangers of smoking and other illegalRead MoreEssay about Designated Smoking Areas Needed for College Campus1209 Words Ã |Ã 5 Pagesunsafe streets surrounding the campus. Although smokers choose an unsafe habit, it is their right to do so in a safe area. It is the collegeÃ¢â¬â¢s duty to provide this safe place. It is estimated that 28.5 % of college students are smokers (uri.edu). There has been an increase in colleges and other corporations to have smoking bans, it is their belief that faculty and students will quit smoking. The main cause of doing away with smoking on campus is also to provide a place where second hand smoke is notRead MoreShould Smoking Be A Rule?1652 Words Ã |Ã 7 Pages Trying different things with smoking as a rule happens in the early adolescent years, often times in high school were students like me, often succumb to the peer pressure. This is often driven transcendently by psychosocial thought process. For me, as a Ã¢â¬Å"beginnerÃ¢â¬ in high school, smoking cigaretteÃ¢â¬â¢s was a typical demonstration of passing on a message, that I was no longer a child. Yet, I also think that I was trying to Ã¢â¬Å"fit inÃ¢â¬ to what I perceived to be a Ã¢â¬Å"cool kid.Ã¢â¬ I was essentially tryingRead MoreMy Story About Quitting Smoking Essay1487 Words Ã |Ã 6 PagesMy Story about Quitting Smoking Ã¢â¬Å"Smoking will affect our health, regardless of how many cigarettes we smokeÃ¢â¬ I was a smoker for 13 years. I the first cigarette at the age of 17, during a stressful summer night, stopping at a corner shop, after getting off the difficult high school/technical school I attended, and graduated from (It was an institution of morning and evening attendance in order to obtain highschool diploma with a technical career). My first cigarette was not to my liking, as thisRead MoreInterview : Interview And Observation1348 Words Ã |Ã 6 Pagespossibly leading to an interview. I picked from close friends and family. The survey questions were: Do you smoke cigarettes? How long have you smoked? How often do you smoke? Do you consider yourself addicted or a social smoker? Would you like to quit? Have you ever tried? If yes, what happened? My first interviewee was a male 40 years of age who admitted to being a smoker of cigarettes since age 16 but didnÃ¢â¬â¢t become addicted until age 18. He stated he smokes 15 times a day. He stated he smokesRead MoreYou CanT Turn Back The Hands Of Time, But You Can Easily829 Words Ã |Ã 4 PagesYou can t turn back the hands of time, but you can easily make amends by forming good health habits today. Larraine Sathicq shows us how. Physical inactivity If you hate the idea of exercise, you re at risk of so much more than getting fat, says exercise physiologist Dr Adam Fraser. There s a lot of research that highlights the impact of physical activity on chronic diseases, quality of life, longevity and even brain function, he explains. VIEW GALLERY: Ageing celebrity hands The good news:Read MoreBanning Cigarettes Should Be Made Illegal1027 Words Ã |Ã 5 PagesDeadliest Addiction Every year, cigarette smoking kills more than 480,000 Americans, with more than 41,000 of these deaths from exposure to secondhand smoke1. With the United States constantly passing new laws to protect us, you would imagine that with this huge statistic, banning cigarette sales and distribution would be a main priority. Not only is the person smoking harming themselves, but people are also getting cancer from second hand smoke when theyÃ¢â¬â¢ve never picked up a cigarette in their livesRead MoreAddiction : A Deep Word859 Words Ã |Ã 4 Pages(such as a drug) or do something (such as gamble) and an unusually great interest in something or a need to do or have something.Ã¢â¬ . Addiction is well defined but when we think of the word addiction, we often think of images of alcoholism, drugs, and smoking. However, thereÃ¢â¬â¢s a wide of variety of addictions that comprises of internet, pornography, gambling, shopping, food and even more. Sometimes the word is misunderstood for an obs ession and most of the time we label a personÃ¢â¬â¢s hobbies an obsession.
Tuesday, May 5, 2020
Question: Discuss about theStrategic Analysis of Myer. Answer: Introduction Myer is a retail group that was started by a Russian immigrant, Sydney Myer, together with his brother, Elcon Myer in Bendigo, 1900. In 1914, Myer built the largest chain of departmental store in Melbourne, which is currently the CBD store of the organization. The ownership has changed over time after the death of its founder, Sydney Myer. Myer has grown due to the continuous development of new stores across the Six Australian states. It has also acquired other departmental stores such as Grace Bros in 1983, Boans Ltd, Western stores in South Wales and Farmers Co. Myer Emporium merged with GJ Coles Coy to form Coles Myer, which was later sold in 2006 (Myer, 2017). The main products include womens, mens, and childrens wear, beauty fragrance and cosmetics, home wares, electrical goods, intimate apparel, toys, footwear, handbags and accessories and general merchandise. The new owners of Myer include; TPG/New Bridge, the Myer family and the Myer current management team, where Richard U mbers is the CEO. It became a private ownership after divesting from Coles Myer. The mission of Myer is to provide customers and the community at large with the highest standard of service and ensure that they consistently meet and exceed customers shopping expectations. Their vision entails becoming an international-class retail business aimed at inspiring everyone. It focuses on style and fashion by providing quality products, friendly services and additional benefits such as MYER One Loyalty Program. As per 2016 annual reports of the retail group, Myer recorded revenue of $3.3billion, operating income of $113.5billion and net income $60.5billion (IBISWorld, 2017). They have approximately over 12500 employees, along with 1200 suppliers and 54000 shareholders. It has 67 stores located across Australia. Their main competitors include David Jones, Harris Scarfe, Kmart Australia, and Target Australia. Major markets are New South Wales, Queensland, and Queensland. Macro-Environment Analysis using PESTEL Analytical Framework Political Factors Political stability in the region encourages more investors and suppliers to carry out business, thus, recording high rates of return and low risks of business failure (Bill, 2011). The government focus on expanding international trade provides an excellent opportunity to retailers to get suppliers and customers from across the world using E-retailing (ASX Media Release, 2016). The chairman of Myer has highlighted (during the released of the annual report) political factors that affect Myer. One of which is the uncertainty of political level, such as new taxes and charges (carbon tax and flood levy) would affect consumer spending, thus lowering revenue of the firm. Other concerns such as loopholes in goods service tax (GST) legislation and the new setup of the industrial relations, would negatively impact the performance of Myer. Economic Factors Fluctuation of the Australian dollar and global economy weaknesses adversely affect the sales growth of the retail industry. Economic factors such as falling house prices, high oil prices, low rate of saving and the decreasing GDP negatively affect the consumer confidence and spending patterns (Barney and Hesterly, 2008). However, the decrease in the unemployment and inflation rates, positively influence the success of the retail business. Socio-Cultural Factors The increased preference for high-quality products among the Australians provides a greater opportunity for retailers like Myer to focus on customer satisfaction to gain a competitive advantage (Glynis, 2015). The population is culturally diverse, and therefore the retail industry should manage diversity through the provision of a wide range of products to meet the needs and expectations of the customers. Technological Factors International competitiveness of Australian retail industry is as a result of the use of the internet and e-retailing (Sharrieff, 2012). The new communication technologies accelerate expansion into new foreign markets globally. The fiber optic, mobile network and satellite coverage have led to connections with various activities thus improving efficiency (Myer, 2014). The Federal Government has established policies that help inventors commercialize and protect their new entrepreneurial ideas. Legal Factors Taxation policies and employee regulation have been affecting the industry. Laws such as compliance with disclosure requirements, health and safety regulations, and consumer protection influence the retail business either positively or negatively. When opening new stores, the concerned government should approve so as to control illegal activities in Australia (Hanson et al., 2008). Environmental/ Ecological Factors Australia is a dry continent with least amount of water and human activities affect the marine environments. Selecting an environment that is conducive to targeted customers is a great challenge to Myer retail store. Climate changes, private and public environmental programs are factors that affect the industry. Recycling of waste products improves business sustainability in the retail sector (BNET Business Directory, 2007). In conclusion, using the PESTEL analysis, the following opportunities are available to Myer; increased disposable income, expanded international trade agreements, increased preference for high-quality products by customers, automation in business and use of knowledge management systems (Gillespie, 2007). Besides, mobile technology and information security regulation aid in formulating effective strategies. The threats include; unpredictable government spending increased the cost of capital, economic recessions, new taxes and charges, online disruptions and rose in the wealth gap. Industry Analysis using Porters Five Forces Threats of New Entrants This risk is high in the retail industry due to its promising nature and the large population which increases demand. There are a decreased number of retailers who are independent because of the competition. It is not easy for the small-scale retailers to enter the market because large companies, such as Myer, enjoy economies of scale (ASX Media Release, 2016). The industry turnover is high therefore it attracts more competitors. The increased customer loyalty to specific brands like those of Myer is also a threat to new entrants. Threat of Substitutes-High The threat of substitute products is high. Several companies offer a variety of trendy and fashionable products, therefore increasing the availability of substitute products. They focus on both national and home brands and offer low prices to the substitute products (ASX Media Release, 2012). Increased use of new technologies leads to innovation of substitutes with greater quality and performance. Product differentiation by Myer Company can be its best strategy to maintain its competitive advantage. Bargaining Power of Suppliers This force is low in the retail industry. For the vendors to compete, they have to decrease costs of the firms and improve product quality. Myer, being a large retailer, focuses on improving efficiency and reducing overall costs (Eli, 2008). Such strategy lowers the bargaining power of suppliers. Besides, the presence of wide range of substitute inputs and a higher concentration of vendors significantly impact their bargaining power. Bargaining Power of Customers Buyers bargain for quality products and services at low costs. There are no switching costs that customers can incur when they want to move to other retailing company if they dont get the styles and fashions in a particular shopping or retail mall (ASX Media Release, 2012). Although there is an increased number of existing and potential in the industry, departmental stores such as Myer cannot raise prices since the firm concentration is high and therefore, customers can switch to other alternatives. If Myer offers unique products, then it can gain a competitive advantage. Industry Rivalry Most of the departmental stores in the retail industry are almost equally balanced like Myer and its main competitor, David Jones (Lynch, 2014). They use competitive pricing policies to show customers that they offer high-quality products. Product differentiation is difficult. Thus, imitation is not easy. Competitive rivalry is high as the retailers want to have a full market share. The acquisitions and merging is a trend that focuses on increasing the competitiveness of the stores in the industry. Based on the Porters Five Forces Model, we can draw the following conclusion. In the retail industry, the barriers to entry into the market are high; the consumer bargaining power is moderate because of the concentration of major retailers in the region (Porter, 2008). Internal Analysis to Identify Resources and Competencies of Myer VRIO Framework Prime and strategic locations; Myer has located all its stores in high traffic places across the Australian states which give them an opportunity to have more potential customers. They have brand recognition both domestic and internationally. It has achieved such brand equity through merchandising and licensing its overall products (ASX and Media Releases, 2015). The aesthetic appeal of the departmental store; Myer has repositioned its stores to appeal to customers, thus creating an excellent customer experience, improved profitability, and a high competitive advantage. The large size and continental presence enable Myer to enjoy large economies of scale and low costs of inputs from suppliers. Customer loyalty based programs, such as Myer One, Myer Visa Card (Zappone, 2012) and Myer gift card (Simon, 2007) increases the frequency of customer loyalty holders to shop in the stores. They have maintained a good corporate social responsibility by building goodwill and taking better initiatives that enhance the communitys well-being. They are strategic capabilities because almost all of them are valuable as they allow Myer to exploit opportunities and reduce threats to the macro environment fully. The resources and competencies are rare as few competitors possess them. They are also costly to imitate by other firms, especially small-scale retailers. Lastly, they are non-substitutable as there are no strategic equivalents in the industry (Hunger Wheelan, 2007). Conclusion In summary, strategic analysis of the Myer departmental stores leads to the identification of key opportunities and threats and also determining its competitiveness in the retail industry. The clothing and cosmetic products of Myer have recorded satisfactory performance over the years, and therefore they should improve on their marketing strategies by targeting global presence and adequate use of the areas in the showrooms. Also, tying up with foreign players and exploring innovative promotional strategies. 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