Business environment Research Paper Example | Topics and Well Written Essays - 3000 words

Business environment - Research Paper Example Under these marketing conditions, a 'Dominant Strategy' is a course of action which would be followed in response to any course of action taken by the other player. 3. Hiphop or Garries will earn a profit of 6,400 if the other one charge a priced 11 per piece and whoever charges 11 will get a margin of 1,800 because in that situation the other player will charge 10 and sell more units. Collusion between parties occurs when they act in common interest and trust each other. The best example for Collusion is the OPEC where the petroleum prices are fixed in consultation with all the member countries to the maximum advantage of the countries concerned. In collusion there will be an interaction between the players who want to maximize their earnings. By colluding the players divide the total market among themselves and by charging the same price they also share the profits that the business offers. There are still first mover advantages, such as the chance to gain early market share, but without the backing of the right customers and constant innovation, it's always possible to loose the advantages. The advantages that the first entrant gets may not be available to the second one. When both the companies Burger Binge and McDennys want t... Observation on Collusion from the Matrix: From the pay off matrix drawn the following observation is made for collusion: 1. when both Hiphop and Garries charge same price of 11 each one make a profit of 4,500 2. It may be observed this profit of 4,500 is in excess by 500 than what they made while they were selling 10 per piece This is the result of the agreement between both the players to sell the product at 11 and that is the effect of the retailer's collusion. EXPLANATION FOR FIRST MOVER ADVANTAGE: "First Mover Advantage is a notion that being first in a market place gives the first mover an insuperable competitive edge." - David M Katz There are still first mover advantages, such as the chance to gain early market share, but without the backing of the right customers and constant innovation, it's always possible to loose the advantages. The advantages that the first entrant gets may not be available to the second one. I have made the pay off matrix for companies Burger Binge and McDennys with the help of the data provided. Burger Binge McDennys Begin Operation Stay Away Begin Operation - 100,000 - 100,000 0 250,000 Stay Away 250,000 0 0 0 Observation: When both the companies Burger Binge and McDennys want to operate their business it is not possible for both of them to earn any profit. This is what is observed from the matrix. Alternatively if one decides to stay away from the business the other one can earn a profit of 250,000. For example if Burger Binge does the business and McDennys do not enter the market then Burger Binge gets the first mover advantage and earns 250,000. PART B PORTERS FIVE

The Typical Firms in Hong Kong and Singapore Assignment

The Typical Firms in Hong Kong and Singapore - Assignment Example There are several methods that are currently being used to encourage economic growth for the typical firm in Hong Kong and Singapore. Four methods will be discussed in this paper namely: the development of well-functioning markets; enhancement access to productive opportunities; strengthening of the international framework of policies and institutions (U.S. Agency for International Development, 2008) and increase in the rate of technological progress. The development of well-functioning markets would include effective fiscal policies which focus on a fair, properly administered and implemented tax system. It should not be susceptible to corruption and must not be a hindrance to the economic activities of the country. The monetary policy plays a significant role in the economic growth of the country. It can either slow down or speed up the economy through manipulation of interest rates or the exchange rates (Johnson, 2005). Aside from an efficient fiscal and monetary policy, economic growth is promoted by removing the barriers to entry of foreign investors and promoting healthy competition among enterprises (USAID, 2008). Barriers to entry would include such aspects as corruption and too much red tape from the government. Foreign investors are also attracted to economies which have a strong system of intellectual property rights protection which minimizes investment risks. Systems of commercial law should also be in place for both the public and private institutions. The judicial system must be perceived as being fair and just and settlements of disputes must be expeditious and transparent. Other contributing factors in the development of well-functioning markets are the improvements in the agricultural development programs, support for infrastructure, trade capacity-building, financial sector reforms, enterprise development and privatization and workforce development. The second method that can be employed to encourage economic growth is to enhance access to pr oductive opportunities. This method would mean that both the poor and non-poor members of society should be given equal opportunity to become productive and contribute to the economy. All sectors of society should be given access to finance especially to sources of credit even without being able to offer adequate collateral. Banks, particularly the government-owned ones should offer financing programs for small and medium-scale enterprises. Aside from financial support, these small enterprises need access to other non-financial business services such as technical and supply chain expertise (USAID, 2008). This is necessary for the firms to be able to be competitive in the face of globalization. A country’s economic growth is fueled by a productive labor force. To achieve this, the labor markets must be able to create new jobs and at the same time assist in the improvement of the workers’ skills and productivity (U.S. Agency for International Development, 2008). Fair lab or practices, specifically protections and benefit programs for the workers must be observed to motivate them; thereby, increasing their productivity. Other ways of enhancing access to product

Finance and Accounting Essay Example | Topics and Well Written Essays - 1000 words

Finance and Accounting - Essay Example The author’s claim makes it seem as if globalization was the only reason that so many people came of poverty during this timeline. I think that the author’s argument lacks an in-depth analysis of other factors that also contributed to the economic progress in these countries. For instance in China the governments’ policy to open up the economy into the free market was equally or more influential than the globalization movement at reducing poverty. Another factor that helped the people of China get out of poverty was industrialization (Xinhua, 2007). The globalization movement has helped China and India become major players in the global trade of goods and services. In 2009 China overtook Germany to become the world’s top exporter (Nytimes, 2010). I agree with the author that the use of free trade initiatives were instrumental in spurring economic activity. An argument that I thought was offensive to the reality of a country that is struggling to help its p eople out of extreme poverty was the author’s claim that the government and people of the Sub-Saharan Africa are resisting the globalization movement. If this hypothesis was true I would have liked to have seen some evidence to proof the author’s claim. Sub-Saharan Africa is one of the poorest regions in the world. The poverty rate of the region is expected to reach 38% by the year 2015 (Undp, 2012). The virtues of globalization would greatly help the people of Africa. Sub-Saharan Africa has deep issues that are limiting economic growth such as a lack of infrastructure in terms of roads, electricity, and water scarcity. The author in the article should have pointed out some of the constraints that are limiting Africa from reaping benefits from globalization instead of making the biased claim that Sub-Saharan Africa is against globalization. I thought that the author made a good argument in regards to the impact of trade barriers. Trade barriers are government imposed r estrictions on free exchange of goods and services internationally (Businessdictionary, 2012). A statement that I liked from the article was the opinion that the barriers imposed by poor countries against one another are more detrimental than those imposed by rich countries on developing nations. Developing nations have to learn that they have to work together to improve the standard of living of its people. The use of trade barriers are a constraint that lowers the total trade in the market because they make goods more expensive to acquire (Younkins, 2000). I completely agree with the author’s claim that the elimination of trade barriers benefits everyone. The elimination of trade barriers can also help the economy because it spurs job creation (Wto, 2012). An argument made by the author that has a lot of validity is the fact that the elimination of regulations would help investors and corporations act more freely and as a consequence prosperity would rise for everyone. Gove rnmental intervention is an undesirable action in a free market economy. Governments seem to believe that the best course of action during a crisis is to increase governmental intervention (Schuman, 2008). One of the cons of business regulations is that

Ensure a safe workplace Essay Example | Topics and Well Written Essays - 5750 words

Ensure a safe workplace - Essay Example It also gives procedures for risk management at workplace and other important considerations regarding workplace health and safety. Table of Contents Content Page Title Page 1 Abstract 2 Table of Contents 3 List of Tables 4 Introduction 5 Assignment 1 5 Report on Proposed WHS Management System 5 Employer’s Responsibilities 6 Portfolio of Evidence 9 Amended WHS Policy to Apply Nationally 9 Political Policy Considerations 10 Policy Considerations on Implementation 11 Assignment 2 13 WHS Risk Management Policy 14 Risk Management Procedure 15 WHS Action Plans 18 Role Play Dialogue 23 Assignment 3 24 Recommendations for Safest Workplace Conditions and Compliance 25 References 31 List of Tables Table Page Table of Resources 11 Risk Management Procedure Table 15 Role Play 21 Description of Implementation plan for WHS Recommendations 27 Typical training/safety induction Schedule 29 Safe Workplace Introduction Workplace health and safety has in the present times become one of the great concerns at workplaces. This has seen legislations and policies being formulated to help ensure safety and sound health are maintained in every workplace or work environment. This paper gives details on issues relating to Workplace Health and Safety (WHS) with regards to a case of the Australian Hardware. The paper gives reviews on different scenarios relating to the hardware while also identifying areas which need implementations in ensuring there are enhanced standards of health and safety at workplaces. Assignment 1 Report on Proposed WHS Management System The proposed Workplace Health and Safety Management System (WHSMS) will look into many issues which are of concern as far as safety and sound health are in the working environment. This is processed so as to ensure that there are minimized rates of risk due to injuries or even cases of illness. These are supposed to be put in place by the employers at any given workplace environment and with particular reference to organizatio nal settings. The WHSMS was therefore accomplished by way of identifying, evaluating, assessing, monitoring and putting control measures of risks and hazards to workers with respect to all operations at workplaces. The complexity and scope of this WHSMS will have variations depending on the kind of workplace as well as the nature of operations and activities being carried out. This is because different work practices command different health and safety needs relative to what they are involved in in terms of operations, equipment, nature of work and the environment within which it is carried out in. A number of concerns as presented below have to be considered in WHSMS through employers. Employer’s Responsibilities One of the key consideration which the WHSMS focused on was responsibilities of the employer ate the workplace, for this case a hardware scenario in Australia. As an employer one is required and obliged by law to ensure that he protects his workers’ health, s afety and welfare (INCOSE, 2010, p. 216). The same should be ensured to other people who gain access to the workplace who can be adversely affected following work operations and activities carried out at the workplace therein. These considerations have to be under and guided by Work Health and Safety Act as stipulated by legislation in place. According to PMI (2008), as an employer, one is responsible for providing adequate

Criminal Justice relating to Media Research Paper

Criminal Justice relating to Media - Research Paper Example According to Freedman (2006), â€Å"The belief that media violence is harmful is widespread. In the recent poll conducted in the US, 10% of the people said that television violence is the major cause in the increased number of the crime rate†. Nowadays, media has been the source of violence in the society as media consumption has been continuously rising for the past decade. Media has been a part the human civilization since time immemorial. Hence, society’s dependence on media has been significantly flourished throughout the decade. One particular source of news and entertainment is largely attributed to television programs and the internet. The type of programming contained in news reports, soap operas, family sitcoms, even children’s programs have demonstrated a level of media violence that needs immediate attention especially by the parents or guardians of the kids. This is so true when it comes to children’s cartoon channels. Most of the time, their p arents or guardians fail to monitor what they watch on the television. Cartoon programs were created to entertain young children, but research has shown that a significant value of media violence is attributable to cartoons. On the other hand, the internet has also played a substantial role in the proliferation of media violence as seen in computer games which most of the young kids are fond of. This study shall focus on the violence content that is being shown in children’s programming, while mixing it with the element of humor. â€Å"This helps create that illusion that violence is fun and largely without any negative consequences. The unpunished violence perpetrated by attractive heroes provides the best description for encouraging imitation of violent scripts and adoption of pro-violence beliefs and attitudes† (Gentile 2003). Content of Violence in Children’s Programs Violence has been used as a key factor to make the audience glued to the television. With t he presence of humor and combined with violence, the audience’s attention will be fixed watching the program from beginning to end as a form of entertainment. â€Å"The recent studies have shown that the average American child witnesses more than 10,000 violent crimes, which include murder, rape and assault each year on television; and about 200,000 violent crimes by the time they are in their teens†. Percentage of Violent Television Programs by Content and Program Genre In a study conducted by NTVS in 1998, it was shown that excessive violence was defined as nine or more acts of violence in a given program. Program Genre TYPE OF VIOLENT CONTENT ALL CHILDREN’S COMEDY DRAMA MOVIES MUSIC VIDEOS REALITY EXCESSIVE VIOLENCE 32 31 5 40 59 3 17 FANTASY VIOLENCE 45 87 14 11 19 12 0 PUNISHMENT OF BAD PERPETRATORS 55 59 47 66 56 27 45 LONG-TERM NEGATIVE CONSEQUENCES 16 6 8 33 33 10 7 SHORT-TERM NEGATIVE CONSEQUENCES 55 67 44 49 49 41 47 NO NEGATIVE CONSEQUENCES 29 26 48 1 8 17 49 45 VIOLENCE WITH BLOOD OR GORE 14 1 1 21 24 9 16 VIOLENCE WITH HUMOR 42 68 89 16 32 14 8 USE OF GUNS 26 12 15 41 33 18 45 USE OF BODY AS A WEAPONS 39 43 53 31 39 56 25 REPEATED PERPETRATOR 61 58 51 59 63 62 71 OVER-ALL PROPORTION OF PROGRAMS WITH VIOLENT CONTENT 61 67 37 75 89 53 39 Therefore, in view of the foregoing study conducted b

World View Religion Analysis Research Paper Example | Topics and Well Written Essays - 750 words

World View Religion Analysis - Research Paper Example Existentialism has five major tenets. The first theme emphasizes the importance of how existence must be preceded with essence. Thus, a person could contribute his own self and actions in his existence to this world.2 The second theme would depend on a person’s inappropriate reasons and decisions. This could mean that an existentialist would not force himself or herself to think of ways to arrive at more complex ideas because one has the will of doing so. The third major tenet is the existentialism’s use of freedom, which contradicts the determinism of behavior. This notion tells that a person should not be manifested and controlled with the stimulating rewards for the behavior because one has a will and freedom to do things without conditions. The subsequent theme highlights subjectivity as a person’s search for a philosophical veracity. Hence, a person must find meaning in life with one’s personal immanence of mind and feelings instead of referring to on e’s own and others’ objectives. Such factor leads to the last tenet – people should live well according to their desires, needs and wants that would give them freedom leading to positivity and happiness. The belief system in existentialism disregards God as the man’s focus in search for meaning in life. Man intends to search oneself without highlighting the major importance of God’s omnipresence.3 There are certain contradictions to existentialism such as the quietism of despair which refers to one’s incapacity to react on the scriptural laws.4 Such objection refers to how one could be ineffective because one could have the tendency to be passive in moderating his life. This could prevent a person from improving something within him or her, because one tends to overindulge his or her freedom. Extensive objection tells that existentialism is unsoundly morbid in tolerating evil deeds as one’s freedom is abused.

Japanese Music Assignment Example | Topics and Well Written Essays - 250 words

Japanese Music - Assignment Example The Japanese one is a vertical flute, and we taut an upper lip, a lower lip stays relaxed, so the instrument can produce fuller, brighter, and more "detailed" sounds, which the Western flute cant make because the lower lip is not relaxed. The laxity of the lower lip is of importance when different variations of pitch and timbre are produced. As for Elizabeth Reian Bennett, deceleration, elasticity of beat and pitch within a certain range, as well as the use of silence, breath, and articulation when playing the instrument are other crucial things to note the difference between two flutes. I think, the uniqueness of shakuhachi sound makes it desirable to take part in so many music genres. For example, aficionados of classical music will find some sophisticated and somewhat tangle features in shakuhachi sound while the lovers of jazz appreciate its rhythm and timbre. In my opinion, such music prefer adults rather than teenagers because among youngsters other types of modern music, such as pop, rap or electronics, are popular. But I am the teenager who have found wabi, sabi, and yugen in a piece of music that touched my