Business connection The Key in perfect competition Managing costs Research Essay Example for Free

Business connection The Key in perfect competition Managing costs Research Essay Canada boasts of being among the world’s richest nations and of the western countries that have ultimate leverage over the economy, it is ranked in 10th place. It has an array of different industries characterized by a buzzing and quite rapid growth and development and production in the industries is entirely mechanized. Due to its trades it also happens to be a member of the G8 as well as Organization for Economic Cooperation and Development. Industries in Canada are high-tech and uphold state of the art technology and mechanization. Canada’s microeconomic issues Challenges however do come its way both internally and externally a good example being the world economic crisis of 2009 which saw to its financial stability regression and many employees losing their jobs since a majority of the industries could not sustain themselves let alone their large numbers of labor force. Previously the global economic downturn that had hit the US had led to a colossal fluctuation of market prices resulting in a massive decline of Canada’s profits. Despite the aforementioned global challenges, Canada like any other business has had its equal fair share of challenges. Sailing amongst the richest nations of the world, Canada has constantly overstretched its spending means leaving it with a huge burden of debts. According to the (Globe and Mail), it stands at a deficit of 3.3% of its GDP. Its lack of an economic slack makes it stand on the edge of a high inflation rate despite it being among the world’s countries with the least unemployed people. Canada has for a long time failed to embrace the art of international competition. Business connection: the key in perfection competition- managing costs Due to the trend in which the world has turned into a digital one with top notch technological systems being installed, and almost all operations going digital, leading to company’s marketing their merchandise on the internet. E-marketing is the most productive tool for any business that wants to thrive and stand way above its competitors and colossally out ways traditional methods of marketing. The largest proportion of the world’s population is now connected to the internet and in a bid to connect to large masses round the globe, e-marketing comes in handy as a business is able to have a wide presence ensuring it lures a wide variety of customers internationally which in the long run culminates into the company effectively managing its costs. Modern communication methods have been changing with time and it is therefore essential for the company to be up to speed with the changing technological advancements. According to (quirk biz), when correctly implemented, return on investment from e-marketing exceedingly outdo traditional methods of marketing not to mention it is at the forefront of redefinition for businesses to effectively interact with their customers. By adopting unique and state of the art e-marketing strategies, the company is able to effectively outshine its competitors. A company can also maximize on its desired profits by correctively identifying its target market and capitalizing on meeting and satisfying their needs so as to build on customer loyalty which reflects into high profit returns. This can be effectively done by emphasizing on the research of original research. That which lured customers to the company’s services and products should be used as a strength hence improved on in a bid to bait a large clientele of the company’s target market. (Lead forensics) advice on the need to carry out intelligence beforehand so as to clearly identify the needs of the purposed target audience thus the need to use current pop culture. In the spirit of beating competition and managing costs effectively, the company ought to rise a notch higher than its competitors by taking up unique strategies that outdo its competitors. Such as getting into video savvy. This is a plus to any business as it offers the company the platform to show case their unique attributes. Through this the company can also invest in animations for putting up their advertisements and is suitable for advertisements on both products and services and it would be guaranteed of effectively beating its competitors as its target clientele will always identify to the video ad. The demographic and lifestyle segmentation of target consumers helps the company in getting a clear picture of their clientele’s needs in terms of age, marital status, religious beliefs among others hence getting a clear mode of communication to them with an inclusive need of their lifestyles as well as cultures. By so doing, the company is able to enjoy a massive return on investments having cut on a lot of miscellaneous costs and expenses. It is also essential to bear in mind the customers purchasing attitudes and behavior thus capitalizing on the pros. investing on research on consumer behavior is quite instrumental as the company is able to get the niche in the industry and easily manipulate and take leverage over the market share. This can be efficiently and effectively done through a proper survey of the market and observing the target customer’s needs and preferences. The company can also invest in qualitative studies so as to get up to date with the industry and a clear understanding of the overview market share. A clear outline of a research plan should also be in calculated in the company’s research process. This is to make sure that the company is up to date with all possible avenues for doing business. All this withstanding, it is essential for the company to bear in mind the psychographics of its customers through a comprehensive research process so as to determine consumer behavior by looking into the attitudes of potential and kinetic clientele as well as pinpoint its customer’s purchasing behavior. It is possible for a company to build on customer loyalty hence customer retention and this can effectively be managed by capitalizing on the purchasing behavior of the customers hence improving on them or emphasizing on them so as to retain the customers and lure more aboard. A company can effectively manage its costs by research ing on the other places their customers or other customers shop for products and services same as its. This would give it insight on how operations are carried out in the other companies and serve as an eye opener on what woos the customers to them and in turn work on their strategies to lure back the customers, all this with an aim of being on top of their customers. The customer can also lure its customers by rewarding them for shopping at their outlets hence ensuring they come back another time. Quite a number of customers are sensitive on prices hence it is important for a company to work on its prices so as to enhance on customer retention. This can be done using the varieties of pricing techniques. Promotions are a plus in any given industry thus it is advisable that the company does promotions for its products from time to time and rewarding its loyal customers. This would out rightly beat its competitions as customers will constantly be reminded of the company’s merch andise. Effective public relations should not be overlooked as they also are a place in any business. Government’s intervention on trade regulations helps in creating a perfect atmosphere for doing trade among various businesses offering the same merchandise since competition is regulated and malicious strategies aimed at seeing to the downfall of a specific company cannot be initiated. Connection debate summary In summary, the debate connection is aimed at providing companies with the knowhow on market penetration as well as standing out from the rest with an intent of taking leverage over the market share hence beating competition from its rival companies. This in the long run aids the company in managing its costs through profits maximization. The connections debate’s pros The debate is aimed at aiding companies in taking a leverage over others in the same industries as theirs which is good in creating friendly competition. By adopting strategies mentioned in the debate, a company is assured of increasing on their return on investments as well as standing out from the rest. The connection debate’s cons Not all businesses uphold friendly business competition strategies as some can have the malicious intent of tarnishing a different company’s names so as to take entire leverage over the industry. Basing an argument from Canada’s economic state, the country has failed to efficiently diversify its target international trade partners and concentrated on only one trade partner the US which is a risky trend as its stability entirely relies on the US’ economy. In an event of the downfall of the US’ economy, then Canada’s economy is bound to fail. Referencebusbus Britany Lee fries. November, 2009. Environment: the type of economy and level of industrialization in Canada. Retrieved from http://www.canada-britanyleefries.blogspot.comIndex Mundi. August, 2014. Canada economy profile 2014. Retrieved from http://www.indexmundi.com The heritage foundation wall street journal. Canada: 2014 index economic freedom. Retrieved from http://www.herutage.org The Globe and Mail, 2013. Canada’s 7 deadly economic problems. Retrieved from http://www.theglobeandmail.com Fred lazar, 1981. The new protectionism: non-tariff barriers and their effects on Canada. James Lorimar amp; company. Elijah M. James, 2008. Chapter 11. Microeconomics. Published by Pearson education Canada Lead Forensics, June 2014. 3 winning ideas to beat your competitors at content. Retrieved from http://www.leadforensics.com Source document

Elvis: Americas King :: essays research papers

America’s King Elvis Presley may be the single most important figure in American 20th century popular music. Not necessarily the best and certainly not the most consistent. But no one could argue with the fact that he was the musician most responsible for popularizing rock & roll on an international level. Viewed in cold sales figures, his impact was phenomenal. Dozens upon dozens of international smashes from the mid-'50s to the mid-'70s, as well as the steady sales of his catalog and reissues since his death in 1977, may make him the single highest-selling performer in history. More important from a music lover's perspective, however, are his remarkable artistic achievements. Presley was not the very first white man to sing rhythm & blues; Bill Haley predated him in that regard, and there may have been others as well. Elvis was certainly the first, however, to assertively fuse country and blues music into the style known as rockabilly. While rockabilly arrangements were the foundations of his first (and possibly best) recordings, Presley could not have become a mainstream superstar without a much more varied palette that also incorporated pop, gospel, and even some bits of bluegrass and operatic schmaltz here and there. His 1950s recordings established the basic language of rock & roll; his explosive and sexual stage presence set standards for the music's visual image; his vocals were incredibly powerful and versatile. Unfortunately, to much of the public, Elvis is more icon than artist. Innumerable bad Hollywood movies, increasingly caricatured records and mannerisms, and a personal life that became steadily more sheltered from real-world concerns (and steadily more bizarre) gave his story a somewhat mythic status. By the time of his death, he'd become more a symbol of gross Americana than of cultural innovation. The continued speculation about his incredible career has sustained interest in his life, and supported a large tourist/entertainment industry, that may last indefinitely, even if the fascination is fueled more by his celebrity than his music. Born to a poor Mississippi family in the heart of Depression, Elvis had moved to Memphis by his teens, where he absorbed the vibrant melting pot of Southern popular music in the form of blues, country, bluegrass, and gospel. After graduating from high school, he became a truck driver, rarely if ever singing in public. Some 1953 and 1954 demos, recorded at the emerging Sun label in Memphis primarily for Elvis' own pleasure, helped stir interest on the part of Sun owner Sam Phillips.

How Personal Can Ethics Get? Essay

The level of ethics competency is determined by the individual’s ability to identify elements of ethics, assess issues with ethics that arise, apply knowledge and regulations when making ethical decisions, and communicate those decisions to others. As stated by Curry in his discussion of workplace ethics: Ethics are about making choices that may not always feel good or seem like they benefit you but are the â€Å"right† choices to make. They are the choices that are examples of â€Å"model citizens† and examples of the golden rules. We’ve all heard the golden rules: Don’t hurt, don’t steal, don’t lie, or one of the most famous: â€Å"Do unto others as you would have done to you. † These are not just catchy phrases; these are words of wisdom that any productive member of society should strive to live by. (Curry, n. d. ) Organizational ethics depends on the culture of the company or organization and the extent of the importance of codes of ethics within the company. Organizational ethics is the company’s codes and procedures that manage the actions and decisions of its employees and leadership. Personal difference and preference can impact this, however. There are occasions when organizational ethics and personal ethics are not in line with one another. A lot of times employees do not know how to balance the personal side with the business side. In businesses there are several factors that influence the morality of individuals. Those factors are peers, company policies and procedures, and superiors such as management. In our personal lives there are factors as well. Those factors include family and friends. Ethics are thought of by many people as something that is related to the private side of life and not to the business side. In many businesses, having ethics is frowned upon or thought of as a negative subject. This is because business is usually about doing what’s best for number one, not about what’s really the right thing to do. (Curry, n. d. ) With this in mind, there are occasions when business decisions are not made simply because the decision is really the right thing to do. Businesses are created for a number of reasons, but to stay in business the company must practice good decision making and make a profit. Over time, in the long run, the business that finds a way to balance personal differences and preferences with organizational ethics will last longer and be more profitable. Mary White, the co-owner of MTI Business Solutions addresses business ethics in her article. In one particular point White states: Companies and businesspeople who wish to thrive long-term must adopt sound ethical decision-making practices. Companies and people who behave in a socially responsible manner are much more likely to enjoy ultimate success than those whose actions are motivated solely by profits. Knowing the difference between right and wrong and choosing what is right is the foundation for ethical decision making. In many cases, doing the right thing often leads to the greatest financial, social, and personal rewards in the long run. (White, n. d. ) Often times, individuals in leadership positions put their own goals and preferences before that of the company. For example, a CEO might accept a deal with another company that includes an extra incentive or reward that solely benefits the CEO and deny a deal with another company because there is nothing extra that benefits the CEO. Although the company benefits by accepting another client, the ethics of the organization is compromised. Although the company with no included incentives may provide more value in the long run for the company looking to make a deal, the CEO may lose the opportunity to gain a deal in the future. When any individual becomes a part of a company, their own personal differences and preferences do not only impact the individual, but everyone around them including the company. Organizational Policies and Procedures and the Impact on Ethics In addition, organizational policies and procedures can impact ethics. The policies and procedures put into effect by businesses provide guidelines in efforts to allow the business to run smoothly. These procedures and policies set by the organization provide a means of what is right and what is wrong. This is the company’s code of conduct or set of organizational ethics. The organizational policies and procedures can either benefit the company or hinder the company. The purpose of setting this code of right and wrong is so that the company is providing employees with guidelines in hopes that employees will follow. The benefit is all employees are working towards a common goal in a common matter. This provides a sense of order within the business. Every position has its own guidelines so that employees know exactly what is expected. When an employee violates a code that is clearly documented in the company’s policies and procedures, the employee cannot state that he or she did not know what was expected. In the same sense, just as the organizational policies and procedures can benefit the ethics of the company, the policies and procedures can also produce a negative outcome. This can occur when employees refuse to follow these procedures. An employee may choose not to abide by policies when he or she has his or her own motive. For example, an employee does not agree with a company policy that states that no employee may release a certain type of information. In turn, the employee shares the information with a highly competitive company. This affects the ethics of the company as well as the individual. In this situation, the policy is clearly documented. Although the policy is set in place to provide order and give a guideline for employees to follow, the employee violated the policy. Ethical Dilemmas and Valerie When ethics become an issue within a company, ethical dilemmas occur. An ethical dilemma is a dispute between what is right and wrong between two opposing parties. Although ethical dilemmas occur every day, there is really no right or wrong solution. It is simply a matter of what one believes. In the case study, Valerie is facing an ethical dilemma. The ethical dilemma she is facing is not only about what she considers right or wrong, but also her job. As a result of her decision, she could lose several things. The ethical dilemma that Valeria is facing is if she tells anyone what she has learned, she could lose her job, her privilege to stay in the United States since she doesn’t have a Green Card, future education, and her career relationships. In this situation, Valerie can reveal the information and risk losing everything or keep the information to herself and work for a company of which she no longer respects. In either situation, Valerie is losing something. It is up to her to decide what is more important. If I were in the situation Valerie is in, I would keep the information to myself. Although neither decision is potentially right or wrong, if Valerie chooses to keep the information to herself, she does not have to risk losing her job and ability to stay in the United States. Even though Valerie does not reveal the information herself, the information may still come out in the future from another source. Another method that I would chose is to provide an anonymous explanation to corporate. Most businesses provide a means in which employees are able to provide information anonymously. In either case, Valerie will not have to jeopardize losing her job, right to live in this county, education, nor relationships within the company. Conclusion In closing, personal differences and preferences can impact organizational ethics. Employees must realize that their own decisions and beliefs affect the company they work for. In the same sense, organizational policies and procedures can impact ethics as well. Although companies set up policies to address what is right and wrong, there are positive benefits as well as negative outcomes.

Sophocles Once Said, “I Would Prefer Even To Fail With

Sophocles once said, â€Å"I would prefer even to fail with honor than to win by cheating.†. One of Sophocles final pieces he composed was Philoctetes, which emphasized how crucial it is to be considered noble or good among Athenians. If this perception is granted, a male can then be deemed worthy of the title, â€Å"gentleman†. The vital concept of what is viewed as honorable and moral during this time, contains a high correlation with justice and determining what exactly is believed to be right or wrong. From Plato’s point of view, each person should strive to accomplish the highest level that is founded within their soul. Throughout the story of Philoctetes, Neoptolemus practices soul-searching at its upmost intensity, while maintaining his†¦show more content†¦Since Odysseus has already achieved victory and honor, he lives vicariously through Neoptolemus. Due to Neoptolemus’ willingness to carry out his ruler’s unnecessary orders, he continues to sink down further in the rankings. Moreover, it is noteworthy to consider Neoptolemus’ individual soul and analyze the actions and decisions he carries out. At one point in the story, Odysseus orders Neoptolemus to tell a lie and fool Philoctetes into handing over his bow. Due to the tricky nature of Odysseus’ tongue, Neoptolemus falls into a trap, which then forces him to make a decision whether to betray his friend and help Odysseus to conquer Troy, or to let Odysseus down and keep his friendsh ip with Philoctetes. Since Achilles was a respectful person, primarily known for his honor and victory at war, Neoptolemus is determined to follow in his father’s footsteps and keep a positive image of his family. Although the orders have been given to Neoptolemus, he has the decision to do as he is told, or do just as his father would have done. Neoptolemus realizes that it is important for the city that the just decision is made, even though the bow is an essential item that is needed to defeat and conquer the city of Troy. In this moment, Neoptolemus goes against Odysseus and does not fall for the trick that was presented to him; and because of this decision, Neoptolemus’ soul descends even lower,Show MoreRelatedtheme of alienation n no where man by kamala markandeya23279 Words   |  94 PagesThe play is set in Thebes, a powerful city-state north of Athens. Although the play itself was written in 441 B.C., the legend goes back to the foundations of Hellenic cultu re, many centuries before Sophocles’ time. All the scenes take place in front of the royal palace at Thebes. Thus Sophocles conforms to the principle of the unity of place. The events unfold in little more than twenty four hours. The play begins on the night when Antigone attempts to bury her brother for the first time. HerRead MoreThe Function of Criticism at the Present Time12631 Words   |  51 PagesTHE PRESENT TIME.........................................................................1 Matthew Arnold.............................................................................................................................................1 i THE FUNCTION OF CRITICISM AT THE PRESENT TIME Matthew Arnold This page copyright  © 2001 Blackmask Online. http://www.blackmask.com Our antagonist is our helper. This amicable conflict with difficulty obliges us to an intimate acquaintance with ourRead MoreExistentialism vs Essentialism23287 Words   |  94 PagesAristotle distinguished between an object’s essence and its existence. Its essence is â€Å"what a thing is.† Its essence is â€Å"that a thing is.† An object’s essence is the collection of all the universals that it possesses, which if it did not possess them, it would cease to be. There are other sorts of properties that an object possesses but that do not make the object what it is. Furthermore, essentialism holds that natural things do have essences. * In the existentialist view, the problem of being mustRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesindex. ISBN 978-0-13-612100-8 1. Management—-Study and teaching. 2. Management—Problems, exercises, etc. Kim S. II. Title. HD30.4.W46 2011 658.40071 173—dc22 I. Cameron, 2009040522 10 9 8 7 6 5 4 3 2 ISBN 10: 0-13-612100-4 ISBN 13: 978-0-13-612100-8 B R I E F TA B L E O F C O N T E N T S Preface xvii Introduction 1 PART I 1 2 3 PERSONAL SKILLS 44 Developing Self-Awareness 45 Managing Personal Stress 105 Solving Problems Analytically and Creatively 167 PART II 4