Wednesday, May 6, 2020
Natureview Free Essays
These new manufacturers must pay a $10,slotting fee channel also requires each manufacture to contribute funds a minimum of every 3 months for cooperative weekly trade promotions that average $8,000 nationally per ad, per retailer chain. This fee is in addition to any advertising expenditures that the manufacture may have. If the manufacture product continuously does not make a profit for the retailers, it can be pulled from the channel. We will write a custom essay sample on Natureview or any similar topic only for you Order Now The Manufacture would then have to repay the slotting fee when applying for re-entry. Because of the multiple fees and uncertainty, this channel provides the most risk for smaller manufacture but also provides a high level of potential. Nature Stores Channel Unlike the supermarket chain, the nature store channel is friendly to small manufactures whose funds are lacking. The only one-time SKU fee for new manufactures in this channel is a allocation of one complementary case of product for every new SKU in the first year. This would usually equate to being less than the supermarket channel slotting fee. Along with this fee, manufactures will often use sales brokers to attract retailers. These brokers charge about 4% of manufacture sales in the yogurt category. In this channels distribution, there are 5 steps a product goes through. First the product is manufactured by the manufacture and then is sold to natural foods wholesalers. Then it is sold to distributors who do bulk breaking and then sell and deliver to the retailers who sell to the final consumer. Generally in this channel, prices are usually higher since the niche target consumers are less price sensitive. An z and a jazz cup of yogurt go for $0. 8 and $3. 19, while a z cumulating can sell for $3. 35. Even though this channel is small and generally more expensive it is growing 7 times faster than the supermarket and offers continued potential for small manufactures such as Nature view. Strength On huge strength for Interview Farms is their products shelf life. Because Inattentiveness organic, natural ingredients with now growth hormones, their yogurt stays fresh up to 50 days. This is huge considering that the completionââ¬â¢s product only stays fresh for 30 days. This means there will be less product loss and thus the cost f goods sold will be lower. Interview also has a strong reputation based on quality, taste and natural ingredients. This will help Interview when introducing any new product consumers will be more willing to try it. This reputation is one of the reasons why Interview has strong relationships with nature store retailers. This relationship entitles Interview to be able to work with the retailers to try and sell the product more efficiently and thus increase profit and most likely sales. Weakness Interview is a small manufacture. It has limited funds to which it can use to emigrating decisions. Thus, marketers for Interview must take this in mind when creating strategic marketing plan. Also because Interview is small, their revenues are generally low. This affects Interviews abilities to attain valuation amongst venture capital firms. Noteworthiness of Interview is that their current strategy is not very flexible. It is based for denature store channel. Thus if Interview decides to expand to the supermarket channel, they williwaw to revise their entire marketing strategy. Opportunity The organic food market is expected to grow tremendously over the next few years due congressing consumer interest. This will create new opportunities for product line extensions rooter new product launches. The rise to organic foods is also why Interview an opportunity to disadvantage of this and expand their product offering and thus revenues. Threats Competition is by far Interviews biggest threat. Companies such as Horizon Organic and Brown Cow in the nature store channel are competing directly with Interview to gain a strangle hold in the organic yogurt industry. There is also competition from national brands such as Daemon and Haploid who are rumored to be launching their own organic yogurt. Another huge threat is the possibility of nature store channel retailers increasing the demand on logistics and technology criteria. If these retailers begin demanding the use of scanning devices and automated inventory tracking systems, Interview will be hard-pressed to find the funds necessary to facilitate those demands. Financial Analyses Interviews revenues are not that bad since they do hove 24%market share to lead their competitors. However the advertising and sales expenses seem to be a little when compared to the gross profit. This is the main reason why the final net income is Just 2%of revenue. If Interview wants to gain more profits they will have to find ways to reduce expenses or increase revenue, which is the logical option since Interview wants to increase revenues to $20 million by the end of 2001. Organizational Objectives 2001 fiscal year This objective is largely due to necessity. Interview farms must be able to meet this objective if they can attain validation for venture capital firms to invest and infuse them with funds that can be used toward strategic investments. If this objective was not met Interview would have no choice but to consider being part of an acquisition. Alternatives/Options regions Option 1 is that Interview expands into the supermarket channel with 6 SKU of theist product size. This expansion will cover the west and the northeast regions. Expansion in to the west region will include the top 9 retail chains, while the northeast region will include the topple retail chains. This will equate to 20 total retail chains. The main reason why the z product was chosen for this option is because it represents a large part of the target group. The z size is the most popular and thus offers the best potential. In fact this whole option offers great potential. Expected sales are at $25. 9 million from this option alone. By choosing this option Interview will be able to gain a first move advantage on their organic yogurt competitors. Getting your foot first in the door means you will have a heads up on the market by the time the competition arrives. This is crucial for success. This option is expected to get the most unit sales out of all the options. It is expected to get 35 million units sold to receive revenue of $25. 9 million. When that is added with Interviews current revenue of $million, it will equate to $38. 9 million, well over the $million objective. Advantages Sigh potential for increased revenue Consumers in EN and W region rearmost likely to purchase organic Expected 1. 5% market share after 1st year (35 million unit sales) Disadvantages Sigh risk will increase by for sales staff,$120,OHO formatting staff Direct competition with national brands (Daemon, Haploid) This option seems to give the most potential. However it also has a lot of risks and cost associated with it. The only way this would be a liable investment would be if some of the risks were abolished. Otherwise this option seems to be too expensive and risky to pursue. Option 2: Expand into the supermarket channel with 4 SKU of jazz yogurt in all regions Like option 1, option 2 also has Interview expand their product into the supermarket channel. However unlike option 1, option 2 has Interview expand with 4 SKU of not z but the jazz of yogurt. The reasoning behind this is that there will be less competition in the categoryââ¬â¢s and that the profit margin for jazz option is 63% versus 51% for the z. It is expected that a sales volume of 5. 5 million units will be sold in the first year. This will bring revenues from this opt ion alone to $14. 85 lion. When added with Interviews current revenue of $million, it will equate to $27. 85 million, well over the $20 million objective. This option will expand into all for regions, with a total of 64 retail chains. The SKU slotting fee is extremely high at $2. 56 million, but on average the trade promotion will be lower since the jazz size will only be promoted twice a year, rather than the normal four times a year. Advantages Fewer competition Lower on average trade promotion expense Cougher profit margin for jazz versus Expected 1st year sales of 5. 5 million units Disadvantages None users may not want to purchase large jazz quantity of product Every difficult to achieve full national distribution within one year This option seems to be taking a differentiation approach. If this option is chosen by Interview, they would be one of only a few companies to offer the jazz size of organic yogurt in the supermarket chain. That fact that there is not many competitors is a huge advantage. However this option is also very risky and has many unknown such as whether it is plausible to distribute nationally within one year. For this option to be acceptable the risk and unknowns must be dealt with. Option 3: Introduce 2 SKU of children multi pack into natural foods channel In this option, Interview will not expand into the supermarket channel. Instead Interview will introduce a new line of products for children in the nature foods channel. They will introduce 2 SKU offââ¬â¢s multicasts. The multipart market was identified earlier in this analyses because of its annual growth rate of 12. 5%. Even thought multicasts are only 9% of total organic yogurt sales, the tremendous growth rate give this market a huge amount of potential without much risk. This is a huge reason why this option is valuable. Another reasons s that cost will be done since SKU slotting fees will no longer be changed. There will be a required allocation of one complementary case of product for every new SKU in the first year. This would usually equate to being less than the supermarket channel slotting fee. This option will also require a broker fee of 4%. Total revenues with this option will be about 6 million with 1. 8 million units sold at a price $3. 35 per unit. take advantage of current relationships within nature foods channel Low risk factors Interview positioned nicely for option Low cost take advantage of growing natural foods channel Low expected revenue Requires R;D to develop product This option is by far the most conservative of the three. It presents the least amount of risk because the basis of this option is to stick with what is known. Interview knows the natural foods channel. They know the distributors, retailers, consumers and anyone in between. There are very few unknown variables. However because there is so few risk involved, reward is also few. The revenues from this options is the lowest of the three options. Combined with the current$13 million revenue, it equates to Just over $19 million. This is under the objective of $million. This must e taken in consideration when choosing the recommendation. Recommendation After careful review and thorough analyses of the problem, situation and available options, It is recommended that Interview Farms chooses the third option. The reason why this option was chosen was because it offered very few risk and had a vide variety of known variables. It also took advantage of the growing nature food channel and the multipart market segment. This option also did not require an entire marketing strategy change. It used the same distributors, retailers and consumers. However, because this option ends up being $1 million short of the objective, it is highly encouraged that Interview Farms invest more funds in marketing the launch of childrenââ¬â¢s multipart. Interview must ensure that they can increase the expected revenues by $1 million or more in order to meet or beat the objective of $20 million. Perhaps a more intensive concentrated promotion plan would yield $1 million or more in extra revenue. If this option is followed with the suggested revisions, it has the potential to increase Interviews success tremendously. How to cite Natureview, Papers
Saturday, May 2, 2020
Business Reporting and Strategic Planning
Question: Describe about the Report for Business Reporting and Strategic Planning. Answer: Introduction In present scenario, every business depends on computers for every type of task from data entry to reporting and strategic planning. The software are the basic need of companies for communication, entertainment and reporting tools. The need of accounting software is very obvious as there is severe requirement of tracking assets and handling transactions on regular basis. MYOB is an accounting software that is being used by small traders and new start-ups in Australia. LiveAccounts is its first accounting software that is based in cloud based accounting solution. This software has minimized functions specially designed for small businesses. By using this software small businesses can easily manage finances on cloud anytime anywhere through internet. (R2bmanagement.com.au, 2016) The complete business data is saved on cloud. It makes the information available at all times in updated form. Due to cloud storage the data is stored on a centralized cloud server. This server is shared among all the employees of company. It has a very simple and clear interface, which allows all the basic functionalities in very easy manner. As the application is very light weighted, it can easily accessible through virtual machines. (BIT, 2016)This software provides the facility of raising invoices, payroll generation on monthly basis for employees, track expenses of organiz ation and the managing GST online. Automatic banking integrated feeds will ensure the income tax calculation, deductions and bonuses features. History MYOB accounting software is the short form of Mind Your Own Business. It is a well-known brand name of an Australian MNC. This company deals in the software related to accounting, retail, CRM, HRM, tax products and payroll software along with web hosting support for small and medium sized businesses. These products are mainly adopted in Australia and New Zealand. This company was started in 1980 founded by Christopher Lee and Teleware Inc. Teleware was later on adopted by Best software Inc. in 1993. It is a public sector company having headquarter at Glen Waverley, Victoria in Australia. Literature Review Development The MYOB software is available in two versions the trial version and licensed version. (Myob.com.au, 2016) The trail version is available for limited time period (30 days) and it can be converted anytime in the licensed version. Trail version is used for evaluation purpose only. In case of trail version user can create and access company files for 30 days only. After it user must purchase the full version of this software. Adoption As per the MYOB business letter reveals that near about 35% Australian companies having their own websites and only 18% of them are actively using social networking sites for the promotion of their business. (Theicehouse.co.nz, 2016) The most of the users who are actively using the social media in present conditions in Australia are 27%. This figure can be classify as 24% of users who belong to age group 18-39, 22% business owners who belong to Retail and Hospitality, 20% businesses spend on advertise on websites and only 20% of businesses use SEO/SEM in their market trends. Current market size Although the earlier data available explains about the low adoption of technologies in business but the latest figures shown by MYOB CEO Tim Reed explains that online marketing is now growing in Australia. (Growthpath.com.au, 2016) MYOB has gained a huge rise with the completion of Banklink purchase in Australia recently. MYOB has disclosed that it has successfully completed the purchasing of accounting solution provider of New Zealand named Banklink Other Leaders In the accounting software market of Australia, there are three main big companies on limelight, MYOB, Intuit and Xero. (Heber, 2015) The main competition among these companies is for dominance. This software provides the convenience of tracking accounts in a simple way. The need of physical books, invoices is now not necessary and all the decisions regarding cash flow can be manage through the software. The main objective of all these companies is to capture the market share, and they are actively involved to do anything for this. There is a huge contribution of these companies in the market share of accounting software. MYOB has built successfully its own offering and managing its market share between $AU831.7 and $AU833.8 million. If we discuss about the Xero, it is a new venture which spends near about $250 million on the software development. The company has more than 400000 clients across the globe, which uses transactions and invoice services of the software in the ratio of 240:95 The Intuit is also planning for the heavy investment in Australia. The accounting software has a wide scope in the Australian market. Intuit has developed the functioning of PDF data extraction, which supports the data extraction from bills and automated entry in software. MYOB is now in condition of valuing the company at a very impressive enterprise vale that exists in between $A2.34 and $A2.69 billion. As per the Evans and Partner the analysis figures if all these three companies can be represented as: Discussion Competitive advantages As we have seen that there is a huge competition between MYOB, Xero and Intuit in the market of accounting software. In this section we are going to elaborate the comparison between the Xero and MYOB and the outcome is that both products have their own advantages and disadvantages. Not any of the products is completely fit the need of customer. For example if there is requirement to handle exchanging of transactions and stock control then MYOB is much preferred as compare to Xero. If we have to deal with small sized business then Xero is preferred and it offers the services in very easy and simple manner. (Itseducation.asia, 2016) Because of the competition every company tries to provide the services in an efficient and much better way. Following are the advantages on various parameters: MYOB provides the online services with the facility of cashbook having cost of $16 per month and the accounting facility on the cost of $29 per month. MYOB facilitates the Account right live that can be used on desktops and is not fully online. Although it has slow speed and higher cost but it will be resolve in the coming future as per the commitment of MYOB. MYOB provides the Account right premier that is available for desktop only and it has the capability to handle the management of inventory and foreign exchange. This is used mainly in large business organizations. MYOB provides the facility of data storage on cloud also. Thats why the data security must be taken seriously. The software has the option of security implementation that is very secure for online banking system. MYOB live is the cloud product that can be used in online as well as in offline mode. There is provision to toggle between the two modes. Only we have to deal with the versions that will be created in this case by syncing data on regular basis. Challenges The major concern in the implementation of MYOB is providing data security. (Technologies, 2016) This is the major concern as the software can be accessed in online way and it increases the chances of vulnerability issues. Although MYOB has very high security architecture, some of the organizations are not able to follow security aspects. Second challenge regarding MYOB is that it is not an easy to use software, the employees of organization must be trained for this. Third challenge is that some of the organizations are not able to take advantage of cloud automation through MYOB. It is very difficult to arrange appropriate training sessions or webinars for the MYOB essentials. Recommendation Although MYOB is very efficient software but for the successful implementation we must pay attention towards the following key factors: (Myob.com.au, 2016) Security aspects Protecting the sensitive information from unauthorized access is very important. In MYOB the company files can be secure by taking appropriative security measures. (Myob.com.au, 2016) System credentials It must be ensure that the company files must be secure. This can be possible by providing appropriate credentials to each user account. Passwords must be strong as per the pattern specified, such as it must contain minimum 8 characters long having combination of alphabets, numeric and special characters. Protecting files It must be ensure that company files must be secured by applying password. In MYOB files can be protected through AccountRight. By using this feature a password can be set for every user even for specific task, they can perform in company files. Using Firewall In every business organization, the systems must be protected by using a firewall. It restricts internet users for accessing system. To install the firewall on system, windows XP or above operating system can be used. Protection form Malware Computer viruses and malwares can proved themselves dangerous from the security concerns. Before downloading and storing any file on the system, it must be scanned for any virus or malware attack. Conclusion The conclusion of this literature review can be elaborated as the accounting software is the basic need of business organizations in Australia. (Bookkeepers Sunshine Coast, 2013) MYOB is software which can be used for various activities to overcome the errors and difficulties those were present in traditional manual system. Computerized system is integrated in well manner and once the data is inputted in the system, it will be recorded in different records at the same time. Using accounting software will lead a high speed processing in automated form which will generate accurate and fast invoices, purchase order and payroll documents. These are some of the positive points of using MYOB as accounting software. If any user wants to use this software he can download the trail version and after having look of various services they can go for full version. References R2bmanagement.com.au. (2016). An Introduction to MYOB LiveAccounts | Articles. [online] Available at: https://www.r2bmanagement.com.au/articles/405/an-introduction-to-myob-liveaccounts [Accessed 15 Aug. 2016]. Heber, A. (2015). The cloud accounting supremacy war in Australia. [online] Business Insider Australia. Available at: https://www.businessinsider.com.au/charts-the-battle-for-supremacy-in-australias-cloud-accounting-market-2015-4 [Accessed 16 Aug. 2016]. Myob.com.au. (2016). MYOB Security Recommendations. [online] Available at: https://myob.com.au/myob/australia/myob-security-recommendations-1257829253909 [Accessed 16 Aug. 2016]. Technologies, R. (2016). MYOB: Benefits and Challenges for your Organisation. [online] Blog.rgtechnologies.com.au. Available at: https://blog.rgtechnologies.com.au/myob [Accessed 16 Aug. 2016]. Itseducation.asia. (2016). The Advantages of Using Computerised Accounting Software, MYOB, Mind Your Own Business. [online] Available at: https://www.itseducation.asia/computerized-accounting.htm [Accessed 16 Aug. 2016]. Myob.com.au. (2016). Development-X | add-on developer for MYOB accounting software. [online] Available at: https://myob.com.au/addons/developer/40/developement-x/ [Accessed 16 Aug. 2016]. Growthpath.com.au. (2016). Review of Cloud Accounting (Xero, Saasu, MYOB Essentials, QuickBooks) | Business IT. [online] Available at: https://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html [Accessed 17 Aug. 2016]. Theicehouse.co.nz. (2016). Key sectors leading online business adoption MYOB Findings. [online] Available at: https://www.theicehouse.co.nz/key-sectors-leading-online-business-adoption-myob-findings/ [Accessed 17 Aug. 2016]. BIT. (2016). 7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero. [online] Available at: https://www.bit.com.au/Review/344651,7-accounting-packages-for-australian-small-businesses-compared-including-myob-quickbooks-online-reckon-xero.aspx [Accessed 17 Aug. 2016]. Myob.com.au. (2016). MYOB Add-On Centre | find great 3rd party tools to augment MYOB Business Management Software. [online] Available at: https://myob.com.au/addons/category/26/network-security/ [Accessed 17 Aug. 2016].
Tuesday, March 24, 2020
Shakespeare Essays (814 words) - Shakespeares Sonnets, Sonnets
Shakespeare And Immortality The search for immortality has troubled philosophers since the dawn of human race. Numerous historic figures, including Ramses XV of Egypt and Julius Caesar of Rome, have tried to achieve physical immortality through various superficial measures. Magicians of the ancient kingdoms have struggled to find a way to stop the aging process of a human being. All those attempts have proved to be unsuccessful and as of today there is no proven method that enables a person to live forever. However, the Renaissance age brought radical changes to human perception of life. No longer a person could remain passive about the course that their life takes. Renaissance man was expected to strive for higher achievements in every aspect of life. This included political, financial and cultural aspects. These ideas paved way for a new concept of immortality - immortality through art. Da Vinci painted "Mona Lisa" and became immortal through legacy that he left behind him. Beethoven wrote his "5th Symphony" and he is still remembered for it. These ideas of eternal life were mirrored in poetry of William Shakespeare - the Renaissance man of England. In a number of his sonnets Shakespeare talks about immortality from diverse points of view. It is a wonder how Shakespeare can take an issue and approach from different perspectives and each time the same issue is presented in new light, and charged with new emotions. There are two basic ways in which Shakespeare relates to the idea of immortality. In first approach the author describes eternal life through a chain of comparisons and multiple meanings of the same words. In sonnet number 5 poet associates a person with a flower. A flower that is beautiful in its younger years yet as the time Will play the tyrants to the very same, And that unfair which fairly doth excel; (5.3-4) it makes unattractive that which now excels in beauty, and eventually leads to flower's death. The sonnet goes on to mention the process through which fragrances are extracted from flowers, and it further states that even after the flower is long gone, it is remembered every time someone recognizes its sweet smell. In this poem, Shakespeare makes a direct comparison with real life, because just as a plant is remembered for its attractive smell, people are remembered for their good deeds even long after their death. Similar ideas are presented in sonnet number 54. In this sonnet the author talks about people who are beautiful on the outside, but empty and unattractive inside. The poet states that as life goes on, the outer beauty fades, and death follows, and only those people who were more then empty shells, will be remembered. And so of you, beauticius and lovely youth, When that shall fade, by verse distills your truth. (54.13-14) Another way through which Shakespeare perceives immortality is by writing directly about it. There is a number of poems in the author presents eternal life in plain and precise language. In sonnet number 15 the author says, And all in war with time for love of you, As he takes, I engraft you new. (15.14-15) It is obvious that what poet means is that even though time makes people older, poetry can rejuvenate a person by bringing back memories about the past. It can even resurrect a dead person in human mind, every time that the poem about that person is read. In his writings, Shakespeare truly believes that poetry brings immortality to people. In sonnet number 16 he writes, But wherefore do not you a mightier way Make war upon this bloody tyrant, time, And fortify yourself in your decay With means more Blessed the my barren rhyme (16.1-4) thus asking a simple question, "What better way to immortalize yourself then through poetry?." Eternal life seems to be perceived by the writer as a gift from beyond, a blessing that only a few chosen will receive. It can be traced further in sonnet number 18, which states that once a poem about someone is written, that person is immortal for as long as human eyes can see. This is a very optimistic approach to poetry but it raises some questions. Besides the fact that a person must be able to see in order to read, a person should also have at least nominal interest in what he is reading. Shakespeare tends to overlook this fact. Finally in Sonnet number 55 the writer states, Not marble nor the guilded monuments Of princes shall outlive the powerful rhyme, (55.1-2) This is a
Friday, March 6, 2020
joining seo
joining seo Deven Wise Leadership of Public Service H.SSection 4: Applicant short response sectionShort response #1:I believe that at the time and extent that we as American's in a diverse society that we are in a bad time right now, where many families are fasted by loosing their jobs, and not being able to get their raise or the money that they really deserve to get. Those families that are suffering with not able to support their family wont be able to feed their family correctly or buy their family things that they want and need. I believe that if the country stays the way it is that this country "America" will be in bad shape and will be heading for some trouble.My opinion and my family's opinion we think that it really isn't fair that people that work for their entire life that cant even get the money that they are suppose to get, but on the other hand millionaires and billionaires that are already rich can still get richer and richer.That's why as I walk to school in the morning and after noon I still see protestors that want to stop Wall Street and their millionaire thieves from stealing. The reason why that I had chose the issue as a national was because what I had wrote I really feel that if the country really stays the way it is it will be a bad country, many, and many American workers really get fed up of what the politicians are doing and how they govern new yorkShort response #2:I have couple of reasons why that I want to be apart of the "SEO" program is for I really want to be apart of a program that really helps you and gives...
Wednesday, February 19, 2020
Account for the increasing number of children incarcerated in the UK Essay
Account for the increasing number of children incarcerated in the UK. Is this an effective means to tackle youth offending - Essay Example uss different aspects of youth incarceration, especially in the context of Youth Justice System of the United Kingdom, and will endeavor to analyze available options of tackling youth offenders. It is a fact that every government has been giving significant importance to youth crime, in order to eliminate anti-social agents from the society from its roots; however, none has been able to achieve such objective due to a number of factors, such as unemployment, poverty, etc. On contrary, youth prison population has increased dramatically that has resulted in extreme criticism, as effects of youth imprisonment do not affect young offenders only, but families and communities as well. According to the UK government, (Home Office, 2008) tough penalties for young offenders cannot be avoided, as it is essential for a safe and healthy society; however, studies have observed that these tough and punitive penalties and custodies have resulted in contrary results, rather than allowing offenders to recover and break their offending cycle. Although steps are being taken to prevent young individuals from falling into this black hole; however, youth imprisonment presently seems to be the on ly option that is taken as effective, regardless its adversities. Policymakers believe that innocent public stays protected by custody and imprisonment sentences to young offenders; however, it is an agreeable fact that punishment confronted by young offenders in prisons results in isolation from society that is adverse for children according to a number of child psychologists. Studies have noted that children are unable to acquire proper guidance in custody and remand and end up with getting opinions from wrong people, such as serious criminals and offenders, which seems to be quite true with the fact that a majority of youth offenders are convicted after two years of going from the police custody. In the past, local services used to coordinate with magistrates, and after confirming presence
Tuesday, February 4, 2020
Annotated Bibiography Bibliography Example | Topics and Well Written Essays - 250 words
Bibiography - Annotated Bibliography Example This is a book that gives a succinct discussion of the criminal justice and the imperfection associated with it. Written by experienced criminologist, the books present essays that describe injustices such as wrongful conviction in various nations. The authors also outline a number of recommendations deemed as necessary to stop the trend where the innocent are being punished by the legal systems. Most important, the book gives an elaborate explanation of how exonerated individuals can be compensated. Throughout his essay, the author underscores the value of carrying out the right investigation process before charging suspects of crimes. Janet Roberts & Elizabeth Stanton. (2007, November 25). A Long Road Back After Exoneration, and Justice Is Slow to Make Amends. New York Times (Late Edition (east Coast), p. 1.38. Retrieved November 2, 2011, from ProQuest National Newspapers Core. (Document ID: 1387902671). In their article, Roberts and Stanton present reveal the challenges faced by people who have been released after being charged for crimes they never commuted. Reporting on a case of Vincent Moto, a man released from prisons 9 years after serving for a wrongful conviction. The authors also interviewed a number of people released from prison after DNA test found not guilty. The article further describes that most of the people exonerated from prison lacked compensation and had to contend with moving from one job to another. With more findings from the Innocence project, the article indicates that few people receive compensation after being exonerated. In his work, Lizotte examines the case of criminal sanctioning, which he believes to be characterized by discrimination. He further discusses three forms of discrimination that are found in the sentencing of prisoners. Using data from the Chicago trial, Lizotte reported that many of non-white were more likely to be incarcerated as compared to
Sunday, January 26, 2020
Marriott International: An Analysis
Marriott International: An Analysis Marriott International has culture and tradition of innovation, service and leading performance. Marriott International has achieved competitive advantage over the other competitors through three conceptual frameworks: Porters Five Forces approaches, the resources based approaches and the rational approach. Through this approaches Marriott International has identified the source of competitive advantage. This report is primarily based on explaining how the Marriot International Inc. has successfully managed the strategic moves and competing with the strong rivals in the hospitality sector. This report also critically evaluates the strategic moves, competitive strength, internal and external environment of the company. Introduction Marriott International is a leading operator, franchisor, and licensor of hotels, corporate housing properties, and timeshare properties under numerous brand names at different price and service points. It has more than 3700 properties worldwide. It is expanded to 73 countries and have 18 brands. Innovation, service and leading performance is always the key priority of Marriott International. Fortuneà ® magazine has included Marriott International in the most admired company in lodging industry and also as one of the best places to work. This report critically evaluates the Marriott Internationals strategic profile. (Marriott International Inc., 2012) History Marriott International has categorized its glowing history in 4 groups; period between 1927 to 1956 is known as early years, growth years are between 1957 to 1985, modern years are between 1986 to 2011 and the years ahead is 2012 and onwards. Marriott was founded in 1927 by J. Willard Marriott and his wife in Washington D.C. as a root beer stand. Due to the humid summer of Washington D.C. the Hot Shoppe gradually became the popular place to get cool drinks to quench the thirst. For winter season hot Mexican dishes like tamales, chili, and tacos were the profitable items. In 1929 Hot Shoppes was incorporated in Delaware as Hot Shoppes Inc. Hot Shoppes went public in 1953 by opening its first hotel, the Twin Bridges Marriott in Arlington, Virginia. Marriot did its first international expansion in 1966 by acquiring an airline catering kitchen in Caracas, Venezuela. Marriott became Marriott Corporation in 1967. Cruise lines were added to Marriott Corporation in 1971 and in 1972 J. W. Marriott, Jr. the son of JW Marriot Became the CEO. Farrells ice cream parlors became the part of Marriott Corporation in 1972 and also two theme parks near Chicago and San Francisco came to operation in 1976. In 1977 Marriot Corporation became a billion dollar company. In 1982 the company acquired Host International and opened first Courtyard hotel in 1983. In next year company entered in the vacation timeshare and senior-living market. In 1987 Marriott entered in the lower-moderate lodging segment by acquiring Fairfield Inn and Residence Inn. Again in 1993 the company once again broke down into Marriott International and Host International. In the year of 1995 Marriott International acquired Ritz Carlton Hotel Company. Marriott International introduced Marriott Executive Residence, Towneplace Suites and Fairfield Suites in 1997 by acquiring Renaissance Hotel Group. In 2006 Marriott International announced that all Marriott establishments in US and Canada are non-smoking zone. Marriott has very colorful past and it grew old with innovation and on the other hand it focused more on mergers and acquisitions. In the modern years Marriott International opened the first Bulgari Hotels Resort property in Milan, Italy. In the year of 2008 The Edition brand was introduced. Marriott International continued its growth in 2009 as well. In this year company launched Autograph Collection, which is a luxury and upscale independen t brand hotels. In the year of 2012 Marriott International got its third CEO, Arne Sorenson in the companys history. Strategy Management According to the Bill Marriott, Sustainability means being good corporate citizen and environmentally steward and promoting economic growth, diversity and inclusion in our communities worldwide. Marriott International is growing bigger every day. Marriott International is focusing more on Asia, Africa and Middle East in these days. Marriott International has well planned strategies like New Generation Travelers, Brand Distinction, Portfolio Power, Technology Leadership, Owner Preference and Global Growth. These strategies are formulated to compete with the rival chains. Beside these strategies Marriott International has CSR strategy known as Spirit to serve our communities, which is social approach to stay ahead from the competition. Company has strategic management program to catch up with latest trend and development in the marketplace. Marriott International developed great room lobby experience for the Next Generation Travelers in 2007 and is expanded to 190 countries of the more than 500 Marriott hotels and resorts. Company has planned to expand this program to more than 80% of Marriott properties worldwide with in 2015. Marriott International is also trying to minimize its labor costs in its corporate offices despite the greater expansion of the company itself. There will be altogether 100 hotel in India alone within 2016. In china Marriott planning to open new hotels in faster pace than the rival hotel chains. The economies of China and India are somewhat slowing down but the travel and tourism industry is still growing in the positive speed and Marriott International wants to capture the growing market travel and tourism by adding new rooms. MISSION AND VISION STATEMENT Marriott International does not have a mission statement; rather, it has a vision statement which is To be the #1 hospitality company in the world. (Marriott International Inc., 2012) INTERNAL AND EXTERNAL ENVIRONMENT: SWOT Analysis Strengths Weaknesses Large Expansion of Brands Peoples business Geographic Presence Global leader More franchise Website and Social Network Focused divestiture Efforts Attract and retain employees Culture retention against the identities of the brands Brand Equity Strong Internet presence Adequate IT solutions Over-reliance on US market Over dependence on luxury brands Lack of low-cost lifestyle brands targeted by fundamentalists or extremists Opportunities Threats Emerging Asian Travel and Tourism Markets Trend of low-cost market Distinction amongst hotel service offered Environmentally and Family Oriented Decrease of cost of real estate in the USA Eco-tourism Timeshare not popular anymore Economic Recession = lower consumer spending Boom of Economy Hotel Brand Political instability Terrorism PEST Analysis External environment needs to be analyzed in timely manner in order to be competitive on todays market place. The environment is changing all the time and company must be responsive to the changing environment. To take effective actions. PEST is the effective tool to analyze external environment of the organization. Marriott International is the leading hospitality management company. Its political, economic, social and technological environment analysis are as follows: Political Environment Marriott International has recognized the value of laws and regulations of the individual nation and acted accordingly in the past and present. The political scenario in each country is different and must be addressed properly. Marriott has followed protocol designed by the individual nation like; no smoking policy, non-fat food, low calorie diet etc. Economic Environment The growing economy of the Asia and other developing region is motivating Marriott International to invest more in these areas. On the other hand, the increasing price of gasoline is encouraging Marriott International to focus on clean energy and to be more environment friendly by decreasing the use of synthetic fuels, which also helps in controlling the cost of the operations Social Environment People today like to travel and explore new places. Marriott is extending travel network in America, Europe, Australia, Asia and Africa. Visiting friends and family abroad today is very easy due to the advancement in transportation system. Marriot International must recognize this market and develop plan to attract these markets. Technological Environment The world today is like global village. Technology is connecting the world and gathering the people in one place. People travel today more frequently than in the past. Reservation, payment, check in and check out can be done seamlessly. Marriott International has adopted technological innovation in faster pace than the competitors. Technological and innovation is the key priority of Marriott International. 3) FORCES OF FRAME WORK Buyer Power The buyer power in the Hospitality industry is moderate. As the Marriott International has strong brand recognition, it can attract new guest easily with little effort of marketing and promotions. The company can also keep its repeat business because the switching cost or risk for the guest is uncertain. Marriott International is providing quality service consistently and giving the best experience to its guest at all level. Supplier Power The supplier power is moderate for Marriott International as the supplier power in Hospitality Industry is fragmented. Property owners, developers, architects, real estate companies, marketing firms, law firms and information technology service and equipment suppliers are some example of supplier in the industry. Suppliers are in different shapes and sizes. Food and beverage supplier, utility supplier and labor supplier are also key player, as they are major stakeholder in minimizing operational cost of operation. Threat of New Entrants Threat of new Entrants for Marriot International is considerably high due to the substantial growth in hospitality industry in past few years. The unfavorable economic condition of some European countries also have lowered the value of land and real estate and it is very likely to attract new entrepreneur in the hospitality industry. The economic growth in South Asia and Asia Pacific is also maximizing the threat of new entrants. Threat of Substitution Threat of substitution for Marriott International is low in the developed nations and premium market place. In developing nations, the threat of substitution is high due to the innovative concepts in travel and tourism industry like; homestay campaign, camping, informal visit to friends and family. There is a threat of substitution but we cannot compare the service level provided in the informal sector with the Marriott level of service. Degree of Rivalry The threat of rivalry in the hospitality industry is moderate for Marriott International. In hospitality industry, key players are large branded chains. Marriott is facing strong competition from the other same sized chain brands but it is gaining its competitive advantage through the diversification of business in specialized segments. Marriott is expanded in 73 countries and has 18 brands which is the main reason that Marriott is ahead from its competitor. Beside this, Marriotts strong brand equity, strong commitment for guest satisfaction, consistent and quality service is helping Marriott to stay ahead from its rivals. RESOURCES AND CAPABILITIES Marriott International has a strong presence in the hospitality market due to its efficient operation, effective marketing, specific market segmentation by diversification of revenue and economies of scale on operations. Marriott is capable of managing all of its operations on its own. Strong commitment to service and guest satisfaction is Marriotts priority. Satisfied investor and shareholders, motivated employees in all level, strong corporate culture is driving Marriott International in the right track of its journey to more satisfied guest, motivated employees and prosperous owners and shareholders. DECISION MAKING CRITICAL THEMES CONCLUSION Are you Thirsty? Analysis of Pepsi Advert Are you Thirsty? Analysis of Pepsi Advert Briauna McGrew You wake up in the middle of the night and youre standing in front of your refrigerator with your eyes squinted because of the bright light trying to decide what you want to drink. Then you finally see it, even with your squinted eyes, the exact thing you had been craving since you went to sleep and then dreamed about until the moment you woke up, a Pepsi. So, you grab that glorious Pepsi excited to take a drink and feel the bubbly delicious drink run down your dry throat. Once you take a drink you start to think back to what first got you started drinking this yummy, bubbly, delicious pop. Then you remember the ad that you saw in a magazine that made you laugh out loud so you just had to try the pop. In this ad they used one of Americas famous holidays to get peoples attention and they also made it funny which is something that everyone loves, if someone sees something funny and they are a fun person, more than likely they are going to look into whatever it is that made them laugh, I know I do. When I first looked at this ad the very first thing that I notice is the Pepsi can wearing a Coca-Cola cape. So it is obviously a Pepsi ad trying to get people to drink Pepsi. They are trying to send out a message that Coke is scary and Pepsi is just a normal pop. The only saying on this ad is We wish you a scary Halloween!. This is a big part of them saying that Coke is scary because when you dress up for Halloween you try to be scary, so the Pepsi can is trying to be scary by dressing up as a Coke can. I also got the feeling that when they say We wish you a scary Halloween they are saying that it would be scary if Pepsi turned into Coke When you think of scary things you want to stay away from them, such as shark infested water, if you had to choose between swimming in water that had no living things in it and swimming in water that was infested with sharks I am almost certain you would choose the one with no living things. I think thats what Pepsi is getting at with this ad. Pepsi is a very hip company because they try to appeal to the younger people so they talk their parents into buying it so they can drink it. The colors are key in this ad because if they didnt get the colors just right this could very easily become helpful to Coke and not Pepsi, but because they are professionals at advertisements they used the exact colors needed. In the back ground of the picture are rocks on a hill or a mountain but when you look at it you can see kind of a blue undertone in these rocks, almost like they put a very faint blue tint to the entire picture. If you look at the Coke cape the colors are very dull and aggressive and the shadows on the cape have hints of blue in them which is the main color of a Pepsi can. They made sure that the red on the Pepsi can was a different and more bright red than the red on the Coke cape. They kind of have light coming from the top of the picture and the bottom of the picture so the can just looks so bold. The Pepsi can itself is more bright even though it is under a Coke cape it still pops out. The white on the Pepsi can is a brighter white and the white on the cape is a little more dull. The Pepsi can has some reflecting light on it to make it pop out even more. The top of the Pepsi can has a very bright sun reflection so it makes the can catches the readers eye and makes them look. The whole picture is more of a dark picture but they made sure to make the Pepsi logo very very bright so that it would stand out so that people would know for sure what the ad was for. They made sure to place the sunlight in the perfect place to make the Pepsi can stick out the most. They made the can in general very bold so that your eye is just drawn straight to the can. The colors are very important but the position the can in is important as well. When you look at it it looks like the can is standing tall and is a dominate thing. They make it look like there is a gentle breeze because the Coke cape is open and just looks like it is blowing in the wind, kind of like at the end of a super hero movie when the hero stands on a high mountain top and overlooks the city that he takes care of and they make sure there is a gentle breeze blowing through making their cape blow around and they just look so dominate, thats the feel that I get from this, because they are making this cape blow in the wind it is kind of making the Coca-Cola in this picture a lot less dominate because the word is all wrinkled up and you cant see it as well, you cant see the whole Pepsi word but they have the most important letters of the name in there, the whole name is Pepsi and they have the eps in there so pretty much all of the letters that make up the word Pepi are included, s o people just know what they are looking at. The can is standing right between 2 boulders that kind of make a V or an arrow that kind of points right to the can that also helps with drawing your eyes straight to the can. Also the moss that is throughout the entire picture is isnt a strong point but I can feel the moss kind of guiding your eyes right to the can. To sum everything up, it doesnt seem like this Pepsi ad used a lot of things to try to sell their product but they did. They didnt use a lot of wording but they didnt need to, they kind of came off as a the can speaks for itself kind of thing. They made the colors all hit in the perfect spot and they made all the high lights and low lights perfect. They made the can seem dominate without even saying anything. They made everything in the picture just point straight at the can but they didnt make the pointing too harsh they just kind of slowly guided your eye straight to the can. In my opinion they did an amazing job in this ad just because they didnt use many words but they still got what they wanted to get into everyone that sees this ad head.Ãâà So what do you think? Are you going to begin drinking Pepsi? http://www.emlii.com/images/article/2014/02/5300bef02e394.jpeg
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