Friday, May 15, 2020
Emotional Intelligence During Business Organizations
Different forms of research have been undertaken on the subject of emotional intelligence particularly its role in business organizations (Van Genderen, 2012, p. 225). These studies have exemplified the additional connotations of EI through the contribution of respondents. Each study approaches the subject from a different perspective in the sense that the studies cover different areas of the subject (Pastor, 2014, p. 992). In particular, the studies underscore the significance of emotional intelligence in various organizational dynamics such as self-efficacy, organizational environment, social awareness, productivity, organizational citizenship behavior, creativity, demographic, personality, gender, and organizational outcomes. Also, the studies cover developmental job experience, project management, work-related outcomes, leadership style, professional performance, business communication, teamwork, self-awareness and multicultural competency, organizational culture; socio-emoti onal intelligence (SEI) and corporations intelligence (Sigmar, Hynes Hill, 2012). Comprehensive research has been conducted in the field of emotional intelligence that indicates the different elements of emotional intelligence in an organizational context (Kafetsios, Nezlek, Vassilakou 2012, p. 450). Therefore, through the evaluation of numerous aspects of emotional intelligence, its relation to organizational practices has been revealed. However, it is important to undertake furtherShow MoreRelatedPrimal Leadership : Unleashing The Power Of Emotional Intelligence1457 Words à |à 6 PagesIntroduction: The book ââ¬Å"Primal Leadership: Unleashing the Power of Emotional Intelligenceâ⬠explores the role of emotional intelligence in leadership. Also, opens links between organizational success or failure and primal leadership, the authors argue that a leader s emotions are spreadable. If a leader spread energy and enthusiasm, the organization will thrives. If a leader spreads negativity and conflict, the organization will struggles. The authors of this book are Daniel Goleman, Richard BoyatzisRead MoreThe Relationship Between Emotional Intelligence And Leadership1232 Words à |à 5 Pagesliterary articles to discuss the relationship between emotional intelligence and leadership. I will discuss the reasoning for the credibility of each source chosen for this paper, summarize interesting information provided by each article, discuss any findings related to the topic, and discuss how the topic will influence my future behaviors. Overview of Credible Sources Before I can start discussing the relationship between emotional intelligence and leadership, I must explain why the three sourcesRead MoreHow Organizational Change Triggers Emotions And How Leaders Use Emotional Intelligence925 Words à |à 4 PagesEmotions and How Leaders Use Emotional Intelligence In todayââ¬â¢s business world organizations are constantly forced to implement changes in an effort to grow and survive. These changing environments present new challenges and demands for everyone, from the Presidents and CEOââ¬â¢s to managers, to entry-level employees. With that organizational change triggers emotions within individuals that can have a negative or positive effect. 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During the 1800s, the technological improvements minimized the dependency on agricultural labour and created the basis for a continuous system of manufacturing which led to IndustrialRead MoreEmotional Intelligence in Homeland Security927 Words à |à 4 PagesEmotional Intelligence in Homeland Security Robert Frost once wrote, ââ¬Å"Something we were withholding made us weak, until we found out that it was ourselves.â⬠In the business world, professionals are told to leave their emotional baggage ââ¬Å"at the door,â⬠and this emotional plug can eventually lead to personal consequences. The very thing that Robert Frost says we withhold is our heart. Our hearts and the workings of our feelings create an important type of intelligence: an emotional intelligence. ItRead MoreCognitive Intelligence vs Emotional Intelligtence in Modern Organizations1581 Words à |à 7 PagesGeneral intelligence can be defined as ââ¬Å"the general efficacy of intellectual processesâ⬠(Ackerman, Beier, and Boyle, 2005). In relation to modern organizations, it is generally believed that individuals with higher intelligence are more desirable as they will have higher task performance; this belief has been held for more than 90 years (Viswesvaran and Ones, 2002). Furthermore, general intelli gence can be divided into two different sets of abilities as Cognitive Intelligence and Emotional IntelligenceRead MoreEssay on Cultural Intelligence Assessment785 Words à |à 4 PagesCultural intelligence assessment will enable the individual to have certain information about himself. It is posited that cultural difference has a greater impact on business effectiveness than we think. That our cultural backgrounds really influence the way we think and act and the way we interpret each others contributions. Our success or failure in communication will depend on the extent at which we understand the different cultural background of the employees and create a fruitful collaboration
Wednesday, May 6, 2020
Comp3511 Hw1 Solution - 1136 Words
Fall 2011 COMP 3511 Homework Assignment #1 Solution Handout Date: Sept. 22, 2011 Due Date: Oct. 6, 2011 Name: ______________ ID: ___________________ E-Mail: _____________ COMP 3511 L __ Please read the following instructions carefully before answering the questions: ï ¬ You should finish the homework assignment individually. ï ¬ There are a total of 4 questions. ï ¬ When you write your answers, please try to be precise and concise. ï ¬ Fill in your name, student ID, email and Section number at the top of each page. Submissions without this information will be discarded. ï ¬ Please fill in your answers in the space provided, or you can type your answers in a Word file. ï ¬ Homework Collection: the hardcopy is required and the homework is collected atâ⬠¦show more contentâ⬠¦Briefly justify your answer with an example. Answer: Yes, for instance, a process in ready state must be placed on the ready queue. 4) (5 points) Why can not a process switch from waiting state to running state directly? Answer: The CPU could be busy, it must go through ready state waiting to be scheduled to run 5) (5 points) with only one thread is referred as a heavy-weight process, why is there no concurrency within the execution of such a process? Answer: Since there is only one ââ¬Å"threadâ⬠of execution and instructions can only be executed sequentially. 4. (32 points) Thread 1) (8 points) What are the two components of program states that are shared by all threads within a process? What are the two components that are dedicated to each thread? Answer: The threads of a multithreaded process share heap memory and global variables. Each thread has its separate set of register values and a separate stack. 2) (4 points) A multi-thread process and multiple processes can both provide concurrency, what is the major benefit of using a multi-thread process? Answer: Threads within a single process shares code and data, the context switch between threads is much simpler 3) (8 points) What resources are used when a thread is created? How do they differ from those used when a process is created? Answer: Creating either a user or kernel thread involves allocating a small data structure to hold a register set, stack, and priority. (4 points) Because a thread is
Tuesday, May 5, 2020
Reconceptualization of Competitive Strategy â⬠MyAssignmenthelp.com
Question: Discuss about the Reconceptualization of Competitive Strategy. Answer: Introduction Australia is among the largest agricultural producer and exporter. Agricultural industry covers a huge market share in Australian market. As of February 2015, more than 325,300 are employed in this industry, fishing and forestry. In this country, agriculture and other related sectors generate $155 billion per year for having 12% share of Gross Domestic Product. The farmers in Australia have approximately 136,000 farms, which covers the 60% of the Australian Land. The country has the mix of dry land agriculture and irrigation. From all the sectors, beef industry is the leading agricultural sector in the country (Zott Amit, 2013). Australia is ranked number 2 in largest beef exporters after Brazil. In the industry, there are many players, which are generating profits, like; Australian Agricultural Company Ltd., Kidman Co., the Consolidated Pastoral Company and NAPCO. Australian Agricultural Company Ltd. (AAC) is the organization, which is taken into consideration for this discussion. It includes the environmental and strategic analysis of the company. AAC is a public company, which is ranked at number 523 among the top organizations in Australia. This organization generates its major share of the revenues from the meat processing in Australian industry (Bloomberg, 2017). In the year 2016, it generated the revenue of $781,399,000, inclusive of its sales and other revenues. The CEO of the company is Mr. Jason Strong, who is officially Managing Director Chief Executive Officer of the company. The AAC is a producer and seller of agricultural and beef products. It is engaged in the operations of farming and grazing properties, growing, breeding and dealing the beef cattle. This organization also provides the dry land and irrigated cotton, sorghum, chickpeas and wheat. There are so many brands, whose under the company markets its products, like; Takum i, Wagyu, Master Kobe, Kobe Cuisine, Brunette Downs and Premium Beef. It sells these products to hotels, restaurants, supermarkets and airlines in more than 21 countries. Currently, it operates 2 feedlots, 19 cattle stations and 3 farms. It runs its operations and beef processing across Western Australia, Queensland, Northern territory and New South Wales. The company separates its business operations into three categories, which are given below; Properties: This Company owns and manages the farms, properties and feedlots, where it is engaged growing, breeding and processing the cattle. It also cultivates the grains and crops for supporting thee cattle production. Cattle: It manages cattle and operates the rural properties across the country. Livingstone Beef: Company has located its beef processing facility in South of Darwin. Northern region has a daily production up to 1000 head of cattle. Now, Australian Agricultural Company Ltd. is engaged in expanding its sales and marketing activities in the international markets. Macro/ Micro environment analysis Australian Agricultural Company Ltd. was established in the year 1824 and it was the oldest company, which is continuously operating in Australia. It is positioned as a world leading producer of agriculture and beef products. One of the biggest strengths of the company is that it has implemented operating systems using the best practices in the world. It has established a record of using the land environmentally sensitive (Hahn Powers, 2010). It is the first company to hire their own field rangelands officer. AAC possess and runs strategic balance of farms, feedlots and properties including around 7 million hectares of land in Northern Territory and Queensland. This associates to approximately 1.1% of total land mass in Australia (Anderson, Narus, Narayandas, 2009). Moreover, The Company is vertically integrated and operates expanded agribusiness operations. This company has some weaknesses, like; it has a huge operating expenses. The major concern is that it has reported a net loss. Now, there is an increase in the processes and complexity to fulfill the requirements and formalities of animal rights forums. It is not considering the consumer behaviors, like; culture in distribution and purchasing (Landrum, Gardner Boje, 2014). If the company plans to expand its business, then it has to advertise the products in other countries, because it is not necessary that this brand will be popular in other country like Australia. Australia is the largest exporter of beef products, so it can expand its agribusiness to other countries also. It can develop its business in United States, because US is the largest market to consume the beef products. It should improve the quality of products, because the people in US are very concerned about their health and they consider the quality of beef at the first priority. AAC can respond to the health concerns of the customer behavior (Reardon, 2012). Expansion in meat processing facilities and marketing and selling of cattle will not occur more capital expenses to company. Implementation of more value added processes like; Branded Beef division of organization can be carried up to enhanced standards. This company is working in the field of beef processing and cattle trading activities, so outburst of diseases can influence the business of the company. It is offering the services in domestic and global markets, so trading and marketing is so much dependent on the policies and regulations of other countries economies (Morschett, Schramm-Klein, Zentes, 2015). The pricing policy of other players can pose a threat on this organization. At the time of expansion, it can face the threat from the local farmers, as they will grow more to compete with the exporter company, i.e. AAC. There may be a continued drought in Australia. PESTLE Analysis PESTLE analysis is conducted to analyze the external factors, which impact the company and all over industry. It includes various factors, like; political, economic, social, technological, legal and environmental factors. These are the different aspects, which need to be considered at the time expanding the business nationally or internationally. Australia country focuses on the free trade market, so this organization can have the competitive advantage by business expansion. Due to this reason, the law cannot prevent this company to make investment in other countries. The government in Australia is spending $1.8 billion on tax credit on research and development (Hill, Jones Schilling, 2014). The company may face problem from the political factors, as the Australian Government provides lowest subsidy support to the farmers. Australia is the worlds principal importer and trading nation. Australian agriculture sector helps in providing food for the country. Furthermore, it exports approximately 65% of agribusiness produces and contributes about 3% to GDP. In the year 2008, United States trade had the shortage of $695.9 billion. Then, it had imported the agricultural products from Australian companies; it increased the opportunities of business between Australia and US. The agricultural and beef products in Australia are the most competitive products in the world. The grain crops in Australia broke out all the records. The growth in this industry increases the job opportunities. AAC wants to hire more people for expanding their business. The economy of Australia is going downturn, so it can impact the business of AAC adversely. The prices of the companys product can also be regulated to a level by the foreign clients, who can consider macro-economic standards to control the import of beef. So, it can affec t the operations of the company. Australian Agricultural Company Ltd. had agricultural and beef products for a long time in the country. There are so many restaurants in the region, which include beef as the major ingredient in cooking, for example, Hamburger, i.e. the famous food service provider uses beef in food production. AAC supplies the products to various restaurants and hotels. Most of the people like to eat the beef, which is soft with the marbling (Zott Amit, 2013). The brands of AAC, i.e. Wagyu Beef and Kobe Beef have the quality and it is preferred especially for the taste. Most of the people in Australia relatively high income level, so they can afford the prices of beef and agricultural products. Technological factors AAC can use the new technologies for its business operations (Ho, 2014). Advancement in the technology can help in creating new processes and new products. The company can use the technologies to decrease the costs, enhance the quality of products and lead the organization to innovation. It can use the technologies for farming and beef processing activities (Moon, 2010). AAC can establish the new system in order to respond the demand and need of the customers and provide real time information to the suppliers and customers. Environmental factors are very important concern for AAC. It includes weather and changes in climate. If there will be changes in temperature, then it can impact the farming activities of company. The business environment in the country is not very much, so it impacts its operations. The situation of drought and flood can impact the crops. Business laws and trade restrictions may play an important role. In this process, the countries can impose restrictions on exports from Australia, which will not only hit the AAC but other players in the industry too (Pretorius, 2008). There may be some legal issues at the time of expansion. The foreign country will support its domestic farmers, so the price of exporters beef will be comparatively low. It will fall the competitive advantage of Australian Agricultural Company Ltd. because they have custom and transportation cost also. Competitive Advantage Competitive advantage allows the organization in getting the better position among its competitors by producing goods and services at lower prices. Australian Agricultural Company Limited is oldest company in the respective industry, so it is very popular by its operations. This is the major reason; it has strong competitive advantage over its rivals in the form of experience of many decades, knowledge and grants, which are very hard for other organizations to replace (Fleisher Bensoussan, 2015). It is working very well in the industry over its largest competitors like; S. Kidman Co., NAPCO, the Consolidated Pastoral Company and Baldy Bay. Recently, it has enhanced the quality of cattle and increased the herd by more than 38,000 head. This continued to produce high value beef and the sales of the company grew by 14%. It is planning to establish a new processing facility in Darwin with the capacity of 1000 cattle per day. It has good growth prospects in the industry. The investors a re also considering AAC to have the opportunity to directly invest in the agricultural produces. The competitive advantage of this company can be seen by looking at its revenues and sales, which are continuously increasing with an effective growth rate (Hunger Wheelen, 2011). Thus, of all the players in the Australian agriculture industry, AAC is with the strong competitive advantage. The key features, which are contributing to this advantage, include its wealth of agriculture land and emerging presence in Asian and American markets. If there will be boom in the foreign economies, then these markets can deliver AAC a time and cost advantage for its products in comparison to its key competitors. Companys generic strategies On the basis of Porters model, AAC used the generic strategies, which align with the growth strategies of the company. Especially, the growth strategy of market development is the key to meeting this generic strategy and supporting the success of AAC. The company is doing very different and better things from its competitors. It is targeting the countries with better economies. The company is positioned in the market as innovators in agribusiness (Kalkine, 2017). Implementing the cost leadership and product differentiation strategies is beneficial for the growth of the organization. It employs the cost leadership strategy in the predictable and stable environments. When there will be changes in the environment conditions, it will cause diseconomies for the company and overall agricultural industry for trying to implement a cost leadership strategy (Parnell, 2006). Although, the people, who love to eat beef do not think about the money or cost of the products. But still, AAC is able t o achieve the competitive advantage by providing the different products and low cost services via serving an individual market segment. It has launched the luxury and value added products to attract the target customers (Anwar, 2016). It is identified as the leading provider of beef, cattle and agricultural products from the year 1824. AAC is implementing different growth strategies for gaining competitive advantage in Australian agriculture industry. In order to take the benefits, the company is focusing on it operations and shareholders. The major strategy of the company is that it is making focus on branding and marketing of luxury branded beef business and supply chain and implantation of innovation and new technology in the industry. In addition, AAC has used market development strategy as its growth intensive strategy (Grey, Emer Sheng, 2014). It is creating new products and entering into new markets. The company has introduced new luxury brands of beef products, like; Wylarah and Westholme in Singapore in the end of 2016. It has controlled costs of products by 27%. It is making investment in cattle stock for ensuring the supply by using different techniques of supply chains. The group is gaining efficiency benefits, where 30% increase in Kilograms processed is recorded with 30% reduction in the conversion c ost. It is expanding the business in the countries, where it does not have its presence yet. The use of these strategies requires that different and unique products should be offered to the targeted market segment, i.e. economies, where the demand for agricultural products and beef is very high, for example; Asian countries (Long, 2014). The diversification and market development strategies will assist the company in growing its business in future also. Conclusion The report addressed different strategic aspects about a top ranked company, i.e. Australian Agricultural Company Ltd. It examined that agriculture industry in Australia is growing very fast and cover a huge market share in the country. It is the oldest company in the industry and doing very well by using different and effective growth strategies. It is using market development and cost leadership for enhancing its agribusiness in Australian market and other countries. The success of these strategies can be seen in the growth of the company. However, it is oldest company, but it is using various innovative and creative methods in farming and beef processing facilities. Thus, it is able to gain competitive advantage in the industry over its strong competitors. In future, it can achieve the business growth and expansion by implementing intensive growth strategies. However, AAC holds a strong position in Australian agriculture sector, but it can improve it by following some strategic recommendations. At functional level, it can use new and innovative technologies to improve its processing and agriculture activities. These techniques will assist in enhancing its strategic and financial performance among the competitors. It should implement the strategy, which supports its major business operations and activities. There should be an effective implementation of human resource management, funds and marketing activities. It is very necessary for establishing coordination among all the functions. Furthermore, this company is very strong in developing new products, now it should try to improve its performance in other countries. It should focus on market development and market penetration. If it will emphasize on these strategies, then it can improve the resilience of AAC against its competitors. References Anderson, J. C., Narus, J. A., Narayandas, D. (2009). Business market management: Understanding, creating, and delivering value. Pearson Prentice Hall. Anwar, K. (2016). Comparison between cost leadership and differentiation strategy in agricultural businesses. Cyprus International University. Bloomberg, (2017). Company Overview ofAustralian Agricultural Company Limited. Retrieved from https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=8745402. Fleisher, C. S., Bensoussan, B. E. (2015).Business and competitive analysis: effective application of new and classic methods. FT Press. Grey, E.M., Emer, O. Sheng, Y. (2014). Australian agricultural productivity growth. Australian Bureau of Agricultural and Resource Economics and Sciences. Hahn, W. Powers. T.L. (2010). Strategic plan quality, implementation capability, and firm performance. Academy of Strategic Management Journal, 9(1), 63-81. Hill, C. W., Jones, G. R., Schilling, M. A. (2014).Strategic management: theory: an integrated approach. Cengage Learning. Ho, J. K. K. (2014). Formulation of a systemic PEST analysis for strategic analysis.European academic research,2(5), 6478-6492. Hunger, D.J. Wheelen, L.T. (2011). Essentials of Strategic Management. New Jersey: Prentice Hall. Kalkine, T. (2017). Australian Agricultural Company Ltd. Growth based on Strategic Benefits. Retrieved from https://ausgrowth.com/2017/05/12/australian-agricultural-company-ltd-growth-based-on-strategic-benefits/. Landrum, N. E., Gardner, C., Boje, D. M. (2014). An integral foundation for international strategic management.Humanistic Perspectives on International Business and Management, 120-133. Long, M. (2014). The unfulfilled potential of Australian agriculture. Retrieved from https://www.abc.net.au/news/2014-11-19/long-the-unfulfilled-promise-of-australian-agriculture/5903074. Moon, H.C. (2010). Global Business Strategy:Asian Perspective, World Scientific Publishing Co Inc. Morschett, D., Schramm-Klein, H., Zentes, J. (2015).Strategic international management. Springer. Parnell, J. A. (2006). Generic strategies after two decades: a reconceptualization of competitive strategy.Management decision,44(8), 1139-1154. Pretorius, M. (2008). When Porters generic strategies are not enough: complementary strategies for turnaround situations.Journal of Business Strategy,29(6), 19-28. Reardon,T. (2012). AACo beefs of results. Retrieved from https://www.fool.com.au/2012/08/10/aaco-beefs-up-results/. Zott, C., Amit, R. (2013). The business model: A theoretically anchored robust construct for strategic analysis.Strategic Organization,11(4), 403-411.
Tuesday, April 14, 2020
Creatine In Ncaa Baseball Essays - Bodybuilding Supplements
Creatine In Ncaa Baseball Creatine in NCAA Baseball Mark McGwire uses it. Sammy Sosa uses it. The Atlanta Braves have tubs of it in their locker room. Then why does Scott Carnahan, Linfield College's varsity baseball coach and coach of the 1994 U.S.A. Olympic baseball team emphasize, ?I will not participate in distributing it to any of my players It is Creatine and it has become a health concern among most NCAA baseball coaches in Oregon. Creatine is a substance that is naturally produced in every human being. Every adult has around 130 grams of Creatine in their body. It allows us to run fast, lift hard, and react quickly. These are all the essentials of NCAA baseball. In recent years, Creatine had been developed as a food supplement to enhance muscle performance. So why wouldn't NCAA baseball coaches in Oregon distribute the food supplement known as Creatine to their athletes? Yes, it is expensive at $49.99 for 100 grams of powder. But, many coaches in the National Collegiate Athletic Association (an association that regulates many intercollegiate sports) are more concerned about the safety of the player. There are six NCAA baseball teams in Oregon. These teams work hard every year to accomplish a winning season, a conference title, or a national championship. Players at Linfield, George Fox, Willamette, Oregon State, Pacific, and University of Portland face the pressure to win every season. Linfield College pitcher, Geoff Phillips describes the pressure as, relentless. ?There is always pressure to work hard in the weight room and train at 100%. Most of the pressure comes from the competition we face and our personal desire to win,? said Phillips. 1 To compete at their highest level, ball players have to find time to bulk up. Weight lifting has always been a part of college baseball. After all, modern athletes develop their strength and endurance in the weight room. But, where once players spent 3-5 hours a week in the weight room, most players now lift 8-10 hours a week. Oregon State's head baseball coach, Pat Casey reached his 100th victory last year, the first OSU coach to do so in fewer than 5 years. ?Winning isn't something that comes natural. It takes a lot of hard work outside of practice,? Casey stated in an OSU publication. Linfield head baseball coach, Carnahan, agrees. He assigns a workout schedule that works all major muscle groups and many minor muscle groups. It's a similar story in the Willamette weight room where players work each body part twice a week. ?This could take up to 6 days a week depending on how many body parts they work on a day,? said Coach Wong. The fact is everybody wants to win. Tough competition and personal desire to win causes a lot of college players in Oregon to take Creatine as a means of boosting their athletic performance. It became a part of NCAA baseball in the middle 1990's when studies showed that Creatine might enhance player capabilities. According to the NCAA Guide Line, Creatine has been found in some laboratory studies to enhance short term, high-intensity exercise capability, delay fatigue and increase strength. Creatine can also increase muscle strength as much as one and one half times quicker than non-users, according to the Natural Medicines comprehensive database. Although several studies have contradicted the efficiency of Creatine, it has been 2 very popular among ball players. One survey conducted by the American College of Sports Medicine indicated that 30% of all male collegiate athletes had used Creatine at one time. On average, there are 45 players that compete on NCAA baseball teams in Oregon. Of the six NCAA programs in Oregon, four teams reported that nearly half of their players had used Creatine during the season. Creatine has produced the kind of results that some players are looking for. A Linfield pitcher states that many players on his team are experiencing positive results. ?Probably about half of our team had taken Creatine. It has allowed our players to workout harder and longer,? said Phillips. Second baseman, Kevin Hill, has also had good results using Creatine. ?For the past month and a half Creatine has helped me to gain weight and lift at the level I
Thursday, March 12, 2020
The False Promise of Gun Control essays
The False Promise of Gun Control essays After the class debate, Tougher Gun Control on November 12, 1999: I gained a new understanding of the opposing sides views on the issue. They had some very strong arguments, including some very weak points. I'll start with the stronger points and diminish to the weaker arguments throughout this paper. I do believe that if gun control laws get even tougher ( to the point of imprisonment ) than they are at this present time in society, our jails, prisons and correctional facilities will soon be overcrowded and we will have a sentencing problem with any issue that arises in the state that assigns the rules on gun control. There are too many conflicts and crossroads that develop when a stand against one issue will cause debates in another subject, such as sentencing of "gun abusers" and the overcrowding of prisons. The opposing side also mentioned how the "black market" (a name for an underground organization that is stolen, bought and sold, merchandise) would simply make firearms so much more expensive because they are now all illegal to citizens. Well, I don't think that if their were to be tougher gun control laws, all of the firearms in the United States of America would be banned, tougher gun control is simply the monitoring of guns, making sure they are not as easy to get in the stores as well as on the street. I believe the opposing side was thinking in terms of NO GUNS IN THE COUNTRY...EVER! And that's not at all what this issue is about. The other sides weakest argument, in my opinion was how they are now making guns with sensors that will only fire with the owners fingerprints. Even though this may be a breakthrough in technology for some, there will always be others to break the system. What makes the average citizen feel that the suspect cannot get replicas of a fingerprint with all of the technology their is in this world? No matter what new devices are developed in today's time, their is always somebody ...
Monday, February 24, 2020
Financial Services Marketing Essay Example | Topics and Well Written Essays - 2000 words
Financial Services Marketing - Essay Example This research will begin with the statement that the term promotional mix is referred to the combination of various promotional methods that can be adopted by an organization in order to promote the products as well as services in the market. The promotional mix related to products and services is different from the financial promotional mix. The term ââ¬Ëmarketing mixââ¬â¢ is a broad concept in the fields of marketing and the promotional mix is considered as the element of ââ¬Ëmarketing mixââ¬â¢. In todayââ¬â¢s marketing environment, the promotional mix is much essential as it communicates to customers about the new products and inspires them to buy. The financial services industry has been facing challenges for several years in marketing fields. Though the market of financial industries is considered as a matured one, however, the industries are facing long-standing downward trend. The financial service organizations use traditional approach of promotion mix and the related tools for marketing the services. As a result, it has a negative impact on their impression of marketing. The promotional tools adopted by financial institutions and banks are inadequately received by customers. The promotion of products in the market is conducted with several objectives. An organizational effectiveness can be increased signifying that sales force can be stimulated. There will be a rise in profits as well as the competitiveness of the organization in the market. The sales revenue will enhance and also the awareness level of the products may increase. Through the promotional methods information can be delivered to the target markets and may help in creating desire among the customers. The promotional tools if applied in an efficient manner may assist to improve the image of the products in consumersââ¬â¢ mind. The premium price will also reduce to certain extent (Jackson, 2010). 1.2 Tools and Factors of Promotional Mix Various promotional tools of promotional mix that are used by a marketer for promoting the products as well as services are advertising, promotion, public relations, sponsorship, personal selling, packaging, exhibitions as well as point of sales. In financial service marketing, these tools are used differently by a marketer (Jackson, 2010). Advertising is a paid format of non-personal communication by the utilization of mass media that involves television, outdoor, radio to reach the target market (Jackson, 2010). The financial organizations use television advertisement for creating awareness of the organization as well as their products in the customersââ¬â¢ mind. The constancy along with reliability of organization also assured the customers through advertisement tool. The financial organizations focus on general or corporate themes instead of product-specific themes. The intangible products are expressed through certain actions and events in order to provide its benefits associated with the desired product. Financial Services Act (1986) has set certain conditions in relation to the advertisement of financial services. The advertisement needs to show about the cause of misuse of the products to the customers (Alajmi, 2011). Personal Selling relates to the ââ¬Ëinteraction between a buyer and a sellerââ¬â¢ (Jackson, 2010). It also refers to personal communication with the customers about the products as well as services and therefore encourages them to make purchase decision. Since personal selling is interactive, it acts as a vital tool in financial organization. However, the representatives from the organization can easily communicate with the customers by providing them with potential messages and relevant
Saturday, February 8, 2020
Littleton Manufacturing (A) Case Study Example | Topics and Well Written Essays - 250 words
Littleton Manufacturing (A) - Case Study Example Winslow identified that the company did not: Strategy is an important tool in the input parts any open systems framework. The management of Littleton lacked the expertise to draw the best strategy for the company that could help solve the above issues. The paper shall consider the top three problems the company faced (Whiteside, 2001). Low organizational unity. Such unity is important in improving the organizationââ¬â¢s effectiveness. Additionally, the management could find it easy to solve the problem. It is a short time process. Solving this problem will affect positively the stakeholdersââ¬â¢ interests (Whiteside, 2001). The stakeholders of Littleton are not focusing on the companyââ¬â¢s priorities. It is evident the company failed due to lack of commitment from the stakeholders. The company has enough resources to address the problem. Additionally, the management had adequate information about the problem, hence easy to address (Whiteside,
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