Thursday, August 27, 2020
Contenders Of Tui Based On Market Share Tourism Essay The errand of the accompanying task is taking a key fit for a bundle occasion organization. A bundle occasion organization is characterized as one that offers least of movement and settlement in a solitary bundle. One organization that works globally and offers least bundle of movement and settlement is TUI Travel. TUI is the universes driving worldwide relaxation travel organization working in four distinct parts (tuitravelplc.com) The primary contenders of TUI dependent on Market share are: Carlson Wagonlit Travel Thomas Cook plc. Travelport Ltd Vision Statement Our vision is Making Travel Experiences Special (tuitravelplc.com) Assignment A: Market Environment Analysis So as to dissect the market condition appropriate expository devices ought to be picked: PESTLE Analysis for Macro Environment Doormen five powers for Micro Environment PESTLE Analysis Political Factors Changes in the tax assessment strategy of the administration in UK, for example, increment in VAT rate by 2.5% may negatively affect inbound the travel industry in UK as the costs of wares will rise. Likewise, 24% Britishers guarantee that expansion in VAT will likewise prompt costly staycations (Casal 2011) Unsteady Political condition can genuinely affect the travel industry of a country as the voyagers dread for their security and will in general keep away from that country. For example, ongoing Political uprising in mid east has lead to half retractions in Arab countries (Zablit 2011). Security and wellbeing concerns have significant effect on the travel industry. Fear based oppressor assaults of 9/11 in US prompted 10% fall sought after for movement and the travel industry (Bennett and Barry n.d.). Such assaults likewise bring up an issue on national security of the nation and hose the sightseers certainty. Monetary Factors Downturn: UKs intend to develop out of downturn may simply be extended further as the ongoing political uprisings in Middle East and fiasco struck Japan may have delay impacts on the world economy, influencing the travel industry also. In measures to keep family financial plans low, families are investigating a greater amount of household shore occasions, additionally expressed as staycations. In year 2009 there was a decline by 14% in abroad occasions in UK, while the household shore advertise rose by 5% (Mintel Report 2010). Cash Fluctuations: In the year 2008 there was opposition among the US guests for the UK because of solid Pound. Against the dollar, Pound was at two-year low. (Ashby 2008) Looking at the table 1, which shows Dollar reinforcing against the pound in the ongoing years, may pull in vacationers from US. Moreover, fortifying of Euro and Dollar can be expressed as a reason for raised enthusiasm for staycations and a worry for outbound the travel industry from UK. Table 1: Currency Prices for most recent 5 years, with base cash being Pound (Ã £) (Source: XE.com) Fuel Prices: Year Euro Dollar 2006 69 p 57p 2007 68p 51p 2008 76p 49p 2009 92p 71p 2010 90p 66p The Oil costs rose to $120 per barrel in February 2011 because of political uprising in Middle East and have left carriers stressed. Universal Airlines Group has chosen to reduce by flying less frequently. IAGs CEO said if the fuel costs don't retreat a definitive impact would be on tolls (Milmo 2011). This would prompt increment in bundled occasions costs. Social Factors: Socioeconomics: Mintel report 2009 recommends that the decrease in normal family units is anticipated to proceed while 5% development in 1-3 man families. It states about 48% of 1 part family went on a vacation when contrasted with 68% of weds, 60% of three man and 70% of four families. (Mintel Report 2010) Table2: Showing % change in family units in UK. (Source: Mintel Report 2010) By 2031 it is anticipated that the single family units (principally individuals more than 55) will include 18% of the absolute families in UK. Subsequently it would be a significant market for the bundle administrators (Communities 2009) Wellbeing concerns. 2004 2009 2014 % Change % Change M M M 2004-09 2009-14 One-individual family units 7.6 8.35 8.8 9.9 5.4 2 man 8.96 9.54 10.02 6.5 5 3 man 3.95 3.97 4.15 0.5 4.5 4 man 3.3 3.31 3.33 0.3 0.6 5+ individual 1.67 1.65 1.64 - 1.2 - 0.6 Absolute family units 25.48 26.81 27.93 5.2 4.2 Proceeded with worries over wellbeing and cleanliness are seen among UK inhabitants. The episode of Foot and Mouth ailment in year 2001 prompted 16% fall in guest use in UK prompting negative pictures of Britain as a vacation goal (Pasty 2003). Be that as it may, with the up and coming Olympics 2012 and Royal Wedding in 2011 will prompt high volume of vacationers visiting UK. Maturing Population. According to the National measurements association (2010) there were one out of five individuals of retirement age in the UK. As the populace is maturing there will be an additional expense for the organizations who offer benefits plans to their workers with the goal that their staff lives longer (Oxford University Press 2007). Mechanical Factors Web: In UK there were 20 million Internet endorsers out of 27 million families. Significant Level of Internet infiltration is a key contributing variable to online travel retailors performing better. Online deals of movement retail item spoke to 34% of the complete deals. This likewise has prompted wild rivalry among the players as the clients are searching for modest excursion bundles, third most significant factor when choosing occasion bundle (Euromonitor) Better Technology: Most recent innovation headways in parts, for example, building, carrier industry, transport, framework and so on, for example, happening to extravagance traveler planes, for example, Airbus A380 and Boeings 787, Eurostar by means of Eurotunnel have made cross fringe travel simpler and swifter than at any other time. Lawful Factors Discharges Trading Scheme: This plan was introduced in the year 2003 for EU so as to control carbon discharge. In 2008 changes were made to this plan, including the aeronautics exercises also. It implies the airplane administrators will be dependent upon a top and should pay stipend to cover their outflows. This could upwardly affect the costs of occasion bundles (Euro Monitor). Open Skies Agreement: Marked among EU and US in the mid 2008 permitting and aircraft from the EU or the US to wherever among EU and US. (Euro Monitor) This permits the clients to fly with their decision of carrier and hence can help lessen costs as a result of rivalry among the administrators. Natural Factors Moral Consumerism The Ethical Purchasing Index expresses that the moral buying has developed amazingly with all out market esteemed at Ã £30million. Eco Holidays, Fair exchange occasions have encountered uncommon development because of the rasing concern with respect to the earth among the individuals (Mintel Report 2005). Green Initiatives: In todays world it is outlandish for the movement and the travel industry to disregard the developing worries over condition. In an overview in year 2002, 85% of the individuals said it is significant their get-away doesn't hamper the earth. Because of this reality the bundle administrators are adjusting themselves to become condition benevolent (Euro Monitor). For example, Thomas cook has now begun to feature about their administrations meeting mindful the travel industry models (Mintel Report 2005) Watchmen Five powers: Serious Rivalry The four significant players in the market (Thomson, MyTravel, First-Choice and Thomas Cook) have, for number of years, bumped each other for greater piece of the pie and benefits have end up being unpredictable (Evans et al, 2003). The significant bundle occasion players target various fragments in the market, for example, offering extravagance get-aways, experience excursions and so on with some uniqueness too. Bundle administrators, for example, Thomson presented their own minimal effort aircraft Thomson fly and dynamic bundling where clients can book their convenience and flights independently (Lueck 2005) The degree of client administrations influence while picking an organization, on the off chance that one offers preferable client assistance over others it helps in holding clients. Hence there is extraordinary contention in the business Danger of New Entrants: The complete consumption on siestas is relied upon to ascend by about 22% in 2014 from 2004(Mintel report, 2010) making the travel industry alluring one as a result of the market size. However, elevated level of capital venture required focusing on bigger crowd and the need to separate goes about as an obstruction to passage. Also, to include, top 10 organizations control 70% of the market. This lessens the value reprisal and keeps the economies of scale high. Discoveries from Mintel report (2010) states Brand mindfulness assumes a significant job in bundle occasion industry and in this manner can go about as a hindrance. Along these lines danger of new contestant is low. Danger from Substitutes: Occasions can have immediate too backhanded substitutes, for example, rather than spending couple of pounds on a weeks excursion individuals may spend same measure of cash on purchasing a vehicle or towards house expansion. In this manner danger from substitutes if moderate. Bartering Power of Suppliers: Provider can have high arrangement control over the organizations having little piece of the pie, however in a market where 4 significant players authority over half of the market there is danger of in reverse mix. In this manner the bartering intensity of the providers is low Bartering Power of purchasers: Clients today have the alternative to book their days off over the Internet they eye to get modest arrangements. Respects to this the clients have more options. In any case, because of low degree of separation and lesser substitutes make the dealing power moderate. Basic Success Factor New Destinations: according to the Mintel report (2010) visiting another goal has seen most noteworthy development regarding rate, 12%. Spots that have blistering climate, sea shores, scenes, social legacy are a significant hit among different socioeconomics. Thusly so as to have bigger piece of the pie it is significant for the bundle administrators to persistently hope to refresh their contribution of desti
Saturday, August 22, 2020
The Humble Foot The Humble Foot The Humble Foot By Maeve Maddox For clear reasons, the word for foot is one of the most established in the language: O.E. fot, from P.Gmc. *fot (cf. O.N. fotr, Du. voet, Ger. FuÃ£Ã¿, Goth. fotus foot), from PIE *pod-/*ped-(cf. Avestan cushion ; Skt. pat, acc. padam foot; Gk. pos, Attic pous, gen. podos; L. pes, gen. pedis foot; Lith. padas bottom, peda stride). Like other body parts, foot has discovered its way into various informal articulations. Here are only a couple. pay to pay for something, for the most part for something one would prefer not pay for oneself: Ill go to the show if the organization will take care of everything. put your foot in your mouth to state something one laments promptly (or should!): You put your foot in your mouth with that comment about her cap. sit right at death's doorstep going to kick the bucket: When you had this season's cold virus, you looked as though you sat right at death's doorstep. to have bothersome feet to want to travel: Hes not a decent marriage prospect; he has irritated feet. to experience some sudden nerves to feel abrupt second thoughts about accomplishing something one had wanted to do: Its the morning of the wedding and the lady of the hour has cold feet. to get off on an inappropriate footto start an endeavor by accomplishing something improper: Susie began immediately off kilter with her good old supervisor when she revealed to him she didnt make espresso. to get off on the correct foot to begin doing everything right: The new fire fighter got off on the correct foot when he spared that infant. to put ones best foot forward to introduce oneself at ones best: She purchased another dress and had her hair done on the grounds that she needed to do her absolute best for the prospective employee meet-up. to arrive on your feet to get through a troublesome circumstance without hurt: Dont stress over Jack in this tempest. He generally arrives on his feet. to dawdle to be hesitant: Stop stalling and cut the grass! to have your feet on the ground to have a commonsense viewpoint: His choice to postpone the move until hes sure he has the activity shows he has his feet on the ground. not to put a foot wrong to do everything as per rule and desire: Mr. Flawless there never puts a foot amiss with the chief. to have feet that barely contact the ground to move rapidly: upon the arrival of the congregation cookout, her feet scarcely contacted the ground. to put ones feet up to unwind: Now that youve completed the task, you can rest for some time. to put ones foot down to take a firm stand: When little Jimmy kicked the canine, his dad at long last set some hard boundaries. My foot! articulation of mistrust: Abner Potts made an ideal score on the SAT? My foot! Need to improve your English quickly a day? Get a membership and begin accepting our composing tips and activities every day! Continue learning! Peruse the Expressions class, check our well known posts, or pick a related post below:What is the Difference Between These and Those?How to Punctuate Descriptions of ColorsTo Tide You Over
Friday, August 21, 2020
Blog Archive B-School Chart of the Week Liberal Arts College Boasts Best GMAT Scores Although quantifying a schoolâs profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. Each week, we bring you a chart to help you decide which of the schoolsâ strengths speak to you. One might expect top MBA candidates to naturally hail from Harvard or Stanford, institutions with equally impressive MBA programsâ"or at least from an undergraduate school with notable strengths in business. But in fact, those test takers that score the highest on the GMAT apparently come from a school that does not even offer a business major. According to Bloomberg Businessweekâs 2012 Best Business Schools survey of MBA graduates from 114 top business schools, the highest reported average GMAT score came from a graduate of Swarthmore College, a highly selective liberal arts college in the suburbs of Philadelphia, known for its rigorous curriculum. Swarthmore graduates scored an average of 742.5 (out of 800) on the GMAT, placing them in the 97th percentile. The survey also revealed that of the 1,250 schools listed as alma maters by the more than 10,000 MBA graduate respondents in 2012, the University of Pennsylvania was mentioned most frequently (119 times). Maybe there is something in the water in Philadelphiaâ¦ Share ThisTweet B-School Charts
Monday, May 25, 2020
Matthew Ridgway (March 3, 1895Ã¢â¬âJuly 26, 1993) was a US Army commander who led the United Nations troops in Korea in 1951. He later served as Chief of Staff of the US Army, where he advised against American intervention in Vietnam. Ridgway retired in 1955 and was later awarded the Presidential Medal of Freedom by President Ronald Reagan. Fast Facts: Matthew Ridgway Known For: Ridgway was a U.S. military officer who commanded United Nations troops during the Korean War.Born: March 3, 1895 in Fort Monroe, VirginiaParents: Thomas and Ruth RidgwayDied: July 26, 1993 in Fox Chapel, PennsylvaniaEducation: United States Military AcademySpouse(s): Julia CarolineÃ (m. 1917Ã¢â¬â1930), Margaret Wilson Dabney (m. 1930Ã¢â¬â1947), Mary Princess Anthony Long (m. 1947-1993)Children: Matthew Jr. Early Life Matthew Bunker Ridgway was born on March 3, 1895, at Fort Monroe, Virginia. The son of Colonel Thomas Ridgway and Ruth Bunker Ridgway, he was reared on Army posts across the United States and took pride in being an army brat. Graduating from English High School in Boston, Massachusetts, in 1912, he decided to follow in his fathers footsteps and applied for acceptance to West Point. Deficient in mathematics, he failed in his first attempt, but after extensive study of the subject he gained entry the following year. Ridgway was classmates with Mark Clark and two years behind Dwight D. Eisenhower and Omar Bradley.Ã Their class graduated early due to the U.S. entry into World War I. Later that year, Ridgway married Julia Caroline Blount, with whom he would have two daughters, Constance and Shirley. The couple would divorce in 1930. Early Career Commissioned a second lieutenant, Ridgway was quickly advanced to first lieutenant and then given the temporary rank of captain as the U.S. Army expanded due to the war. Sent to Eagle Pass, Texas, he briefly commanded an infantry company in the 3rd Infantry Regiment before being sent back to West Point in 1918 to teach Spanish and manage the athletic program. At the time, Ridgway was upset with the assignment as he believed combat service during the war would be critical to future advancement and that the soldier who had had no share in this last great victory of good over evil would be ruined. In the years after the war, Ridgway moved through routine peacetime assignments and was selected for the Infantry School in 1924. Rising Through the Ranks Completing the course of instruction, Ridgway was dispatched to Tientsin, China, to command a company of the 15th Infantry Regiment. In 1927, he was asked by Major General Frank Ross McCoy to take part in a mission to Nicaragua due to his skills in Spanish. Though Ridgway had hoped to qualify for the 1928 U.S. Olympic pentathlon team, he recognized that the assignment could greatly advance his career. Ridgway traveled south, where he aided in supervising free elections. Three years later, he was assigned as the military advisor to the Governor-General of the Philippines, Theodore Roosevelt, Jr. His success in this post led to his appointment to the Command and General Staff School at Fort Leavenworth. This was followed by two years at the Army War College. World War II After graduating in 1937, Ridgway saw service as the deputy chief of staff for the Second Army and later the assistant chief of staff of the Fourth Army. His performance in these roles caught the eye of General George Marshall, who had him transferred to the War Plans Division in September 1939. The following year, Ridgway received a promotion to lieutenant colonel. With the U.S. entry into World War II in December 1941, Ridgway was fast-tracked to higher command. Promoted to brigadier general in January 1942, he was made assistant division commander of the 82nd Infantry Division. Ridgway was later promoted and given command of the division after Bradley, now a major general, was sent to the 28th Infantry Division. Airborne Now a major general, Ridgway oversaw the 82nds transition into the U.S. Armys first airborne division and on August 15 was officially re-designated the 82nd Airborne Division. Ridgway pioneered airborne training techniques and was credited with turning the unit into a highly effective combat division. Though initially resented by his men for being a leg (non-airborne qualified), he ultimately gained his paratrooper wings. Ordered to North Africa, the 82nd Airborne began training for the invasion of Sicily. Ridgway led the division into battle in July 1943. Spearheaded by Colonel James M. Gavins 505th Parachute Infantry Regiment, the 82nd sustained heavy losses largely due to problems outside of Ridgways control such as widespread issues with friendly fire. Major General Matthew B. Ridgway (center), Commanding General, 82nd Airborne Division, and staff, overlooking the battlefield near Ribera, Sicily, 25 July 1943. USMHI Italy In the wake of the Sicily operation, plans were made to have the 82nd Airborne play a role in the invasion of Italy. Subsequent operations led to the cancellation of two airborne assaults and instead Ridgways troops dropped into the Salerno beachhead as reinforcements. They helped hold the beachhead and then participated in offensive operations, including breaking through the Volturno Line. D-Day In November 1943, Ridgway and the 82nd departed the Mediterranean and were sent to Britain to prepare for D-Day. After several months of training, the 82nd was one of three Allied airborne divisionsÃ¢â¬âalong with the U.S. 101st Airborne and the British 6th AirborneÃ¢â¬âto land in Normandy on the night of June 6, 1944. Jumping with the division, Ridgway exerted direct control over his men and led the division as it attacked objectives to the west of Utah Beach. The division advanced toward Cherbourg in the weeks after landing. Market-Garden Following the campaign in Normandy, Ridgway was appointed to lead the new XVIII Airborne Corps which consisted of the 17th, 82nd, and 101st Airborne Divisions. He supervised the actions of the 82nd and 101st during their participation in Operation Market-Garden in September 1944. This saw American airborne forces capture key bridges in the Netherlands. Troops from XVIII Corps later played a key role in turning back the Germans during the Battle of the Bulge that December. In June 1945, he was promoted to lieutenant general and dispatched to the Pacific to serve under General Douglas MacArthur. Arriving as the war with Japan was ending, he briefly oversaw Allied forces on Luzon before returning west to command U.S. forces in the Mediterranean. In the years after World War II, Ridgway moved through several senior peacetime commands. Korean War Appointed Deputy Chief of Staff in 1949, Ridgway was in this position when the Korean War began in June 1950. Knowledgeable about operations in Korea, he was ordered there in December 1950 to replace the recently killed General Walton Walker as commander of the battered Eighth Army. After meeting with MacArthur, who was the supreme United Nations commander, Ridgway was given latitude to operate the Eighth Army as he saw fit. In Korea, Ridgway found the Eighth Army in full retreat in the face of a massive Chinese offensive. Lieutenant General Matthew B. Ridgway, circa. 1951. Public Domain An aggressive leader, Ridgway immediately began working to restore his mens fighting spirit. He rewarded officers who were aggressive and conducted offensive operations when able. In April 1951, after several major disagreements, President Harry S. Truman relieved MacArthur and replaced him with Ridgway, who oversaw U.N. forces and served as military governor of Japan. Over the next year, Ridgway slowly pushed back the North Koreans and Chinese with the goal of re-taking all of the Republic of Koreas territory. He also oversaw the restoration of Japans sovereignty and independence on April 28, 1952. Chief of Staff In May 1952, Ridgway left Korea to succeed Eisenhower as Supreme Allied Commander, Europe, for the newly formed North Atlantic Treaty Organization (NATO). During his tenure, he made significant progress in improving the organizations military structure, though his frank manner sometimes led to political difficulties. For his success in Korea and Europe, Ridgway was appointed U.S. Army Chief of Staff on August 17, 1953. That year, Eisenhower, now president, asked Ridgway for an assessment of possible U.S. intervention in Vietnam. Strongly opposed to such an action, Ridgway prepared a report that showed that massive numbers of American troops would be needed to achieve victory. This clashed with Eisenhower, who wished to expand American involvement. The two men also fought over Eisenhowers plan to dramatically reduce the size of the U.S. Army, with Ridgway arguing that it was necessary to retain enough strength to counter the growing threat from the Soviet Union. Death After numerous battles with Eisenhower, Ridgway retired on June 30, 1955. He went on to serve on numerous private and corporate boards while continuing to advocate for a strong military and minimal involvement in Vietnam. Ridgway died on July 26, 1993, and was buried at Arlington National Cemetery. A dynamic leader, his former comrade Omar Bradley once remarked that Ridgways performance with the Eighth Army in Korea was the greatest feat of personal leadership in the history of the Army.
Thursday, May 14, 2020
Project Name | IacoboniÃ¢â¬â¢s Coffee Shop | Project Number | | Project Manager | Maria Muncy | Prioritization | | Owner(s) | Maria Muncy | Start Date: | 7/22/2013 | Scheduled Completion Date: | | Mission/ Purpose | What is your project going to accomplish? How does this project relate to overall goals and objectives of the company? It is part of a program or larger project? The project will create a place for children to come and enjoy their time while the parents can enjoy a cup of coffee and work. We want to make the coffee shop an environment for everyone to come to and enjoy. | | SOW | What will this project create? What is the product of the project? At a high level, how do you plan on doing the work of the project?Ã¢â¬ ¦show more contentÃ¢â¬ ¦We would have to change the menu a little to add some things children would like to drink and eat. This is a business reason because we want more people to set in our shop to have their coffee. | | Project Manager and Stakeholders | Who will lead this project? Who are the major stakeholders? Maria Muncy and the lead contractor will lead the project. The customers are the major stakeholders. | | Milestones | What are the key milestone dates associated with the project?Our business needs to have this project done as soon as possible so August 1, 3013 start, November 1, 2013 half way there and February 1, 2013 project complete. | Budget | What is the order-of-magnitude budget for this project? The budget for this project will be 1.2 million being paid, half at the half way point and the other half at the end of the project. | | | User Acceptance Criteria/Quality | What are the minimum success criteria as defined by the key stakeholders? People will think that the coffee shop is too loud and crowded. | High-Level Project Assumptions | What are the assumptions on which the project is based?The assumptions are people will be happier and the business will do better. | High-Level Project Constraints | What are the major limiting factors that affect the project?Some of the limiting factors are room, time and money. | Exclusions and Boundaries | What are the boundaries of the project? What is to be included and what is to be excluded fromShow MoreRelatedbusn 412 week 6 assignment1433 Words Ã |Ã 6 Pages Case Study Report: Green Mountain Coffee Roasters and Keurig Coffee Course Ã¢â¬â Business Policy (BUSN 412) Student Name Ã¢â¬â Inderjeet Singh Subject Ã¢â¬â Assignment week 6 University Ã¢â¬â DeVry University Date Ã¢â¬â 06/14/2014 Case Study Report: Fresh Direct Company Information Company Name Ã¢â¬â Green Mountain Coffee Roasters and Keurig Coffee Website Ã¢â¬â http://www.greenmountaincoffee.com Founded in- 1981 Background/History/Company Timeline 1981- Green Mountain Coffee RoastersRead MoreCase Study Report :: Green Mountain Coffee Keurig Coffee Essays1357 Words Ã |Ã 6 PagesName :: Green Mountain Coffee Roasters, Keurig Coffee Website :: www.greenmountaincoffee.com, www.gmcr.com, www.keurig.com Industry :: Processed amp; Packaged Goods- Coffee Makers Background amp; History Green Mountain Coffee Roasters, Inc. (GMCR) was founded in 1981 as a small cafÃ © and combined with Keurig in 2006 (About GMCR, 2004-2009). GMCR produces specialty coffee and coffee makers; Keurig is the maker of a single cup coffee maker as well as specialty teas and coffees. Keurig was foundedRead MoreSWOT Analysis: Green Mountain Coffee Roaster and Keurig Coffee Inc.2304 Words Ã |Ã 10 Pagestwo companies involved in this case study are Green Mountain Coffee Roasters and Keurig Coffee Inc. They are both in the coffee industry. What is interesting is that Keurig Coffee Inc. actually started off as Ã¢â¬Å"a technology company in the coffee industry where they developed a brewer that represents a fusion of technology and designÃ¢â¬ (C36 in the book, [Dess et al, 2012]). Green Mountain Coffee RoastersÃ¢â¬â¢ website is http://www.greenmountaincoffee.com and Keurig Coffee Inc.Ã¢â¬â¢s website is http://www.keurigRead More5-Force Analysis of Keurig Brewing System by Jay Haque1 537 Words Ã |Ã 7 PagesAbstract Green Mountain Coffee RoasterÃ¢â¬â¢s Keurig Single Brew system is dominating the U.S. market with an overwhelming market share. Analysts expect sales of single-cup brewing systems to continue to grow in the U.S. and competitors are eyeing a piece of the pie. An analysis of KeurigÃ¢â¬â¢s current position, based on Michael E. Porters 5-Forces, highlights a number of key areas of opportunity and risk for the company. Handled correctly, the Keurig product line should continue its growth, however, aRead MoreGreen Mountain Coffee Roasters Valuation Essay6315 Words Ã |Ã 26 Pagesunits Specialty coffee Keurig system Canadian Business Unit Business Model Supply Chain Social Responsibility Industry Environment GMCRÃ¢â¬â¢s Competitive Advantage Quality, Convenience, and Choice GMCRÃ¢â¬â¢s Growth Prospects National Sanitation Foundation (NSF) Approval Starbucks/Tazo Tea Strategic Partnership Snapple Partnership SWOT Analysis Strengths Beverage Choice Options Sustainability Image Keurig Business Unit Weaknesses Single Supplier for Keurig Machines SingleRead MoreMarketing Strategy For Single Serve Coffee Products, Keurig Holds Strong Recognition908 Words Ã |Ã 4 PagesIssue: Throughout the case, it becomes clear that competition may be hindering your product from leading the market. A limited amount of compact company resources and the constant technological advancements may prevent the company from performing to the best of its capabilities. In order to address this issue, we recommend that you investigate our recommendations to increase market share by implementing the strategies that will be discussed in this memorandum. Strategic Analysis: Strengths: WhenRead MoreStrategic Management - Green Mountain Coffee Roasters8502 Words Ã |Ã 35 Pages1. QUESTION ONE Undertake a SWOT analysis of the organization in the case. A SWOT analysis of Green Mountain Coffee Roasters reveals the following : 1.1 Strengths i. Product Consistency By utilizing state-of-the-art roasting software, GMCR is therefore able to maintain their level of product consistency, ii. Unique Products Its key success is in differentiating its coffees. The coffee beans have been carefully selected and then roasting them in small batches to ensure consistency and to maximizeRead MoreKeurig Green Mountain Essay4159 Words Ã |Ã 17 PagesÃ¯ » ¿ Keurig Green Mountain Christian Derderian Nick Fazzolari Miguel Jimenez Anastasia Zavgorodni Table of Contents I. Introduction II. Industry Economic and Value Chain Analysis A. Company Competitors B. Value Chain Analysis C. FirmÃ¢â¬â¢s Market Share D. Industry-wide Technological Developments E. Economic Analysis F. FirmÃ¢â¬â¢s Business Strategy III. Financial Analysis of the Firm A. Assess Short-term Liquidity B. Critique of Capital Structure and Long-term SolvencyRead MoreMarketing Strategy For Single Serve Coffee Products1014 Words Ã |Ã 5 PagesIssue: Throughout the case, it becomes clear that competition may be hindering your product from leading the market. A limited amount of compact company resources and the constant technological advancements may prevent the company from performing to the best of its capabilities. In order to address this issue, we recommend that you investigate our recommendations to increase market share by implementing the strategies that will be discussed in this memorandum. Strategic Analysis: Strengths: WhenRead MoreGreen Mountain Coffee1353 Words Ã |Ã 6 PagesBACKGROUND/HISTORY Green Mountain Coffee Roasters (GMCR) started as a small cafÃ © in Waitsfield, Vermont in the year of 1981. It was in 1993 that the company went public and acquired the early phase of Keurig Incorporated Inc, and then completed the acquisition in 2006. (Unknown.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) Once these two companies combined it made the way we drink beverages different than ever before in both the home and office. According to GMCRÃ¢â¬â¢s website
Wednesday, May 6, 2020
Stereotyping and ethnocentrism shares similar themes, but are separated from an enormous distinction that which can lead from a tasteless joke to genocide. Stereotyping is simply an overall widespread generalization. They are formed from second hand information from close community member that use outdated information or are not an expert with that particular culture/community. Stereotypes are usually formed in situations when a person would suffer from information overload and in some cases, can accurately capture cultures or even celebrated within them (Neuliep, 2017, 191). Ethnocentrism takes this idea one step further. It is when one will view a particular people through their first perspective, without the want to understand theÃ¢â¬ ¦show more contentÃ¢â¬ ¦They are rarely casted as lead roles and are usually support characters to the lead actor. Male actors are always portrayed as the nerdy side kick, doctors, or assistants. Their roles are weak and desexualized, as demonstrated by Wai Choy character in mean girls. If they are able to get a masculine role, they are either a Kung Fu warrior or an evil villain that is hell-bent on destroying western civilization. Women actors on the other hand are over sexualized; as they most commonly portrayed as sex workers. If they are able to steer clear of a role as a prostitute, they play roles of quiet, submissive, and feeble characters (Levin, 2017). The film Ã¢â¬Å"Full Metal JacketÃ¢â¬ prominently showcases this stereotype as a Vietnamese sex worker says, Ã¢â¬Å"me love you long timeÃ¢â¬ to a man in the United States military is a famous example of this exploration (Nittle). This is creating a great impact because our society as a whole looks at the people within the entertainment industry and the content it produces as examples of how we want to be. This creates a box for the youth of Asian cultures whether in the U.S. or elsewhere if that is their only example. Vietnamese/Asian Culture in the American News Even in 2017, our country is still plagued with tasteless stereotyping that even makes its way onto our news. An example of this was by Fox News on the Ã¢â¬Å"OÃ¢â¬â¢Reilly FactorÃ¢â¬ hosted by Jesse Watters. Watters did a street interview segment on the streets of New YorkShow MoreRelatedStereotyping And Ethnocentrism1565 Words Ã |Ã 7 Pages Cultural Communication values and Communication Challenges in Muslims Stereotyping and ethnocentrism both have concepts that are intertwined in some type of way in society. Both concepts of stereotyping and ethnocentrism has been identified as being superior, dogmatic, bigotry, and can be harmful and hurtful to the human spirit. Although stereotyping and ethnocentrism attitudes are different in ways of harmfulness, but they are both problems in our society today, and that needs to be addressed andRead MoreComparing Stereotyping And Ethnocentrism1557 Words Ã |Ã 7 PagesStereotyping and ethnocentrism both have concepts that are intertwined in some type of way in society. Both concepts of stereotyping and ethnocentrism has been identified as being superior, dogmatic, bigotry, and can be harmful and hurtful to the human spirit. Although stereotyping and ethnocentrism attitudes are different in ways of harmfulness, but they are both problems in our society today, and that needs to be addressed and brought to attention. In this essay, it targets to explai n and makeRead MoreCultural Awareness Project : Ethnocentrism1723 Words Ã |Ã 7 PagesHi this is Brittney Del Pizzo and today for my cultural awareness project I will be discussing ethnocentrism in the imaging department. 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Tuesday, May 5, 2020
Question: Perform a Country analysis and assessment of a new emerging Market where rapid GDP growth has created attractive Investment Opportunities. Answer: Introduction Country analysis refers to the detailed evaluation and interpretation of a countrys social, political and economic environment. This is helpful for the investors in the financial market. The following report addresses the country analysis of Russia in respect of the emerging market of textile and apparel industry. It focuses on the general overview of the country and detailed analysis of various social, economic and political factors, which influence the growth of the economy, scope of emerging markets, and level of FDI. The factors for competitive advantage, potential and opportunities of FDI, trade policies, foreign currency and exchange market, and recommendations for the scope of investment in the textile industry will be discussed in this report. Russia, officially the Russian Federation, is the biggest country in the world by the surface area, spanning over 11 time zones, and it is the 9th most populous country, with more than 144 million of people by March 2016 (Neumann 2016). The European western region of the country is more populous and more developed compared to the eastern region. The history of Russia is quite old and over the millennium, the country has gone through major political, social and economic changes. After the Russian Revolution, the Soviet Union was the biggest socialist state in the world. It played a major role in the allied powers in World War II and became the rival of United States in the cold war. The Soviet era witnessed major technological accomplishments of the last century. However, the Union or USSR collapsed in 1991 due to many radical reforms by then president, Mikhail Gorbachev, and the new Russia was born (Kaiser 2017). The economy of Russia holds the 12th position among the largest economies by nominal GDP and 6th by PPP in 2015 (Neumann 2016). The country is one of the market leaders in the production of natural gas and oil. It is part of many economic and social councils of the world. PESTL analysis of Russia PESTL is a market analysis tool, which helps to evaluate the external forces influencing the business and operation of a nation or any organization. PESTL stands for political, Economic, Social, Technological and Legal factors, affecting the external forces of a nation or an organization (Shabanova et al. 2015). The PESTL analysis for Russia is explained below. Political: Russia maintains an open foreign relationship strategy. The country witnessed economic and political turmoil when it got defeated in Afghanistan and the economy was badly affected. The government worked hard to regain stability and currently the system has become economically and politically stable. It has relationships with 191 countries and embassies in 144 countries. However, there is no political freedom in Russia, even though it is a federation and the corruption rate is very high (Vovchenko, Kochka and Pogorelenko 2015). Economic: The economy is growing and expected to reach $3.18 billion GDP by 2018 (Liuhto, Sutyrin and Blanchard 2016). The strong resource sector is the backbone of the economy. However, the corruption and high crime rate in the country discourages the investors for investing in the country, making the financial market vulnerable. Russia has the largest agricultural area and produces more crops than many nations, and maximum of crops gets exported to Asia and Europe. The economy is largely dependent on the price of oil. However, the textile industry in Russia is not developed. The country imports apparels from South East Asia (Shabanova et al. 2015). Social: Russia has a capitalist social structure. There were many social problems, such as, income inequality, high crime rate, high corruption, high death rate, and low living standards. However, the situation is improving with the government intervention (Wirtschafter 2015). Technological: Technology is one of the strengths of the country. When the technological revolution started, Russia became a pioneer in this, especially in space science. The first man in space was a Russian. The technological advancements such as, Nanotechnology and Rosnano, and in IT fields, manufacturing of weapons, and in the fields of mathematics, chemistry, aerospace engineering have contributed significantly in the development of the country (Aslund 2013). Legal: Russian jurisdiction is strong, although people have less political freedom. The government has brought about new legislative reforms in the country to attract investors in the country. The textile and apparel industry is the new emerging market, which has a big scope in the country. With a substantial amount of investments in this sector, it has a scope of huge growth. The industry can focus on the PESTL analysis of the country and can take actions accordingly. Factor endowments creating competitive advantage Russia has been endowed with huge amount of natural resources, such as, oil and natural gas. This leads to low energy prices. Relatively educated work force is another factor leading to competitive advantage. Hence, the reserve of natural resources and raw materials, lower prices of oil and educated work force are the factors for competitive advantage and in the next few years, Russia needs to improve the level of competency through development of skills and competency. These are favorable for the development of manufacturing industry (Series 2014). The textile and apparel industry is one type of manufacturing industry. The lower prices of energy and raw materials, the huge amount of agricultural land and skilled labor can help in the growth of this industry. Russia can easily grow cotton and develop the industry. The conditions of the textile manufacturing plants can be improved and it can produce apparel within the country, rather than importing from other countries (Hansen 2014). However, the economic and international relations factors, such as, exchange rate with other countries should be made favorable. The investors should feel confident about investing in Russia. The government must impose some protection for the domestic producers and thereby encouraging the improvement in the factors for competitive advantage (Kalotay 2015). Foreign currency and foreign exchanges influence The foreign currencies and exchange rate play a major role in the development and shaping of the economy of a nation. The exchange rate is the price of a countrys currency in terms of the currency of another country (Gabaix and Maggiori 2015). Hence, there are two components in the exchange rate, one is the domestic currency and the other is the foreign currency. For international trade, exchange rate is the most important part. It directly affects the export and import of a country. When the Russian Ruble is stronger compared to other currencies, the imports become cheaper and exports become costlier (Ghosh, Ostry and Chamon 2016). The major trading partners of Russia are Italy, Germany, China, Poland, Turkey, UK, USA, Switzerland and Finland. It also has trading partnerships with the countries in South East Asia for the imports of textiles. The other importing products are machineries, vehicles, food, chemical products, consumer goods etc. (Hameed and Rose 2016). The developed industries are machinery construction, energy and fuel, chemical and petrochemical, metallurgy, and agriculture. Thus, the textile industry is not developed yet, rather it is an emerging market. The foreign exchange is a major contributor in the development of the industries in Russia. When the currency appreciated due to high exchange rate, the global investors become interested to invest their money in the hope of higher return (Paw?ta and Miko?ajczyk 2016). Hence, the textile industry would be benefitted if it receives foreign direct investment from global investors. The amount of the investment is dependent on the exchange rate. If t he exchange rate is high in favor of Russia, the Ruble will appreciate and the investors will get higher return from their investments in Russia. The textile industry of Russia can develop with the help of the foreign direct investment. When the industry and domestic market will be developed, the country can reduce the textile imports (Hansen 2014). Existing trade policies, systems, barriers and incentives During the existence of USSR, two main trade policies were state monopoly on the foreign trade and tough protectionism (Makeeva and Chaplygina 2015). After 1991, Russia has adopted extremely liberal principles for establishment of free market. It had started trade with the developed western countries. Russia has trade agreements with European Union, and has membership in World Trade Organization (WTO). It is the 3rd trading partner of EU and EU is the 1st trading partner of Russia (Kuznetsov and Mezhevich 2016). The country has imposed specific tools such as import quota and export quota, import and export licensing, technical regulations in the international trade policies. It also has formulated policies for service trade, although those are not rigid apart from the currency regulation. The new agreement between EU and Russia focuses on building a comprehensive framework for the bilateral trade relations, along with stable and balanced rules for trade and investments. EU is the maj or FDI provider for Russia, by providing almost 75% of the total FDI inflow (Ec.europa.eu 2017). The trade barriers are mostly faced by United States companies while doing business in Russia. They face many tariff and non tariff barriers during exports. Russia banned US agricultural products and food items in 2014 after the annexure of Crimean peninsula. In the financial sector, there is a serious limitation for the foreign companies to access all the financial services in the country. The inefficient banking sector and underdeveloped financial sector are major obstacles towards economic growth of Russia. The restrictions on foreign capital investment and lack of competition in these sectors possess barriers to growth (European Commission 2016). The Russian government has started providing tax incentives and subsidies for investment. It also provides incentives for exports. This is a step towards trade liberalization. Existing level of FDI The FDI inflow in Russia was highest in the year 2008 at 74.8 billion USD and then declined. It again shot up to 69.2 billion USD in 2013 due to the transaction between BP and Rosneft, and declined very sharply to 22 billion USD and 6.5 billion USD in 2014 and 2015 respectively. The rapid fall in FDI inflow in 2014 pushed down the country to the 16th position in FDI inflows in the world from 5th position in 2013. The slump in FDI inflow occurred due to the influence of the conflict in Ukraine, poor climate for investments, introduction of the sanction plans, and downfall of the overall economy due to falling prices of oil (cbr.ru 2017). This was the first year when outward FDI flow exceeded the inward FDI flow in Russia. In 2015, the fall in FDI was 92% from that in 2014. However, the inflow increased by 62% from 2015 and reached 19 billion USD, due to privatization of the Rosneft company (santandertrade.com 2017). (Source: World Bank 2017) (Source: World Bank 2017) The share of FDI is very low in the GDP of Russia, only 1.5%, in the view of the growth potential of the economy (cbr.ru 2017). The FDI mostly comprises of working capital investments. In the recent years, the country has adopted many reform schemes, but corruption, administrative problems and uncertainties about regional stability have posed significant challenges. The FDI inflow is not expected to improve as long as the conflict in Ukraine and enduring problems of the governing system continue. To maintain a balance, the capital outflow should be reduced. From the FDI data of the UNCTAD and Central Bank of Russia, it is found that the major FDI inflow was in trade and repair of vehicles, 28.3%, followed by manufacturing (23.9%), financial activities and insurance (13.9%), mining and quarrying (13%) and real estate (4.3%) (unctad.org 2017). Thus, textile industry can establish its position to gain the foreign support. If the government shifts its focus to develop the textile industr y, the FDI inflow can happen in that sector and can contribute in the development of this sector, as well as of the economy. (Source: unctad.org 2017) Recommendations To overcome the challenges, it can be recommended that, Russia should promote the technological modernization of the textile industry and the economy through the facilitation of advanced technologies and equipment from abroad. It should expand the usage of the customs and the tariffs for exports, which includes the reduction of duties on the raw materials and equipment for producing export goods and establishment of special zones for processing of export products, and should take measures to eliminate export restrictions in the international market. Russia should adopt measures to increase the level of FDI in the textile industry and reduce the financial regulations to encourage the investors (Makeeva and Chaplygina 2015). In the end, it can be concluded that, the Russian economy is still recovering from the financial crisis of 2008-2009. Although the level of FDI has been improving after the sharp downfall in 2014, the country needs to adopt more liberal policies for increasing the level of foreign investment in the country. The PESTL analysis describes the economic, social, political, technological and legal scenario of the country. The existing level of FDI is 19 billion USD although, the textile sector does not receive any foreign capital. The textile industry is not yet developed and the country imports from the South East Asia. It is an emerging market, where there is a huge opportunity for potential FDI. References Aslund, A., 2013.How capitalism was built: the transformation of Central and Eastern Europe, Russia, the Caucasus, and Central Asia. Cambridge University Press. cbr.ru, 2017.Statistics | External Sector Statistics | Bank of Russia. [online] Cbr.ru. Available at: https://www.cbr.ru/Eng/statistics/?PrtId=svs [Accessed 19 Aug. 2017]. Ec.europa.eu, 2017.Russia - Trade - European Commission. [online] Ec.europa.eu. Available at: https://ec.europa.eu/trade/policy/countries-and-regions/countries/russia/ [Accessed 19 Aug. 2017]. European Commission, 2016.Trade and Investment Barriers and Protectionist Trends. [online] trade.ec.europa.eu. Available at: https://trade.ec.europa.eu/doclib/docs/2016/june/tradoc_154665.pdf [Accessed 19 Aug. 2017]. Gabaix, X. and Maggiori, M., 2015. International liquidity and exchange rate dynamics.The Quarterly Journal of Economics,130(3), pp.1369-1420. Ghosh, A.R., Ostry, J.D. and Chamon, M., 2016. Two targets, two instruments: monetary and exchange rate policies in emerging market economies.Journal of International Money and Finance,60, pp.172-196. Hameed, A. and Rose, A.K., 2016. Exchange rate behavior with negative interest rates: Some early negative observations. Hansen, P.F.B., 2014.Determinants of net FDI inflow to a cluster of Central and Eastern European countries(Master's thesis, Norwegian University of Life Sciences, s). Kaiser, R.J., 2017.The Geography of Nationalism in Russia and the USSR. Princeton University Press. Kalotay, K., 2015. The impact of the new ruble crisis on Russian FDI. Kuznetsov, S.V. and Mezhevich, N.M., 2016. Industry of Russia: external factors of internal modernization.St. Petersburg State Polytechnical University Journal. Economics, (1). Liuhto, K., Sutyrin, S.F. and Blanchard, J.M.F. eds., 2016.The Russian Economy and Foreign Direct Investment. Taylor Francis. Makeeva, A. and Chaplygina, A., 2015.Russian Trade Policy. [online] Center for Environment and Sustainable Development. Available at: https://trade.ecoaccord.org/2015/trade_policy_engl.pdf [Accessed 19 Aug. 2017]. Mishra, A. and Agarwal, A., 2017. Impact of FDI on Economic Growth and Employment: A Study of (Brics) Nations. Neumann, I.B., 2016.Russia and the idea of Europe: a study in identity and international relations. Taylor Francis. Paw?ta, E. and Miko?ajczyk, B., 2016. Areas for Improving the innovation performance of the textile industry in Russia.Fibres Textiles in Eastern Europe, (1 (115)), pp.10-14. santandertrade.com, 2017.Foreign investment in Russia. [online] En.portal.santandertrade.com. Available at: https://en.portal.santandertrade.com/establish-overseas/russia/foreign-investment [Accessed 19 Aug. 2017]. Series, F.P.B., 2014. Governance Quality as a Determinant of FDI: the Case of Russian Regions. Shabanova, L.B., Ismagilova, G.N., Salimov, L.N. and Akhmadeev, M.G., 2015. PEST-Analysis and SWOT-Analysis as the most important tools to strengthen the competitive advantages of commercial enterprises.Mediterranean Journal of Social Sciences,6(3), p.705. unctad.org, 2017.unctad.org | Country Fact Sheets 2017. [online] Unctad.org. Available at: https://unctad.org/en/Pages/DIAE/World%20Investment%20Report/Country-Fact-Sheets.aspx [Accessed 19 Aug. 2017]. Vovchenko, N.G., Kochka, V.A. and Pogorelenko, N.S., 2015. PESTLE Analysis. SBERBANK Russia. - ( ), (28), pp.99-101. Wirtschafter, E.K., 2015.Social Identity in Imperial Russia. Northern Illinois University Press. World Bank, 2017.Foreign direct investment, net inflows (% of GDP). [online] Data.worldbank.org. Available at: https://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS [Accessed 19 Aug. 2017].