Amazon Companys Marketing Managment

Discuss the reasons for Amazon’s evolution of supply chain and distribution systems in the US. Use diagram or otherwise to illustrate and discuss Amazon’s current distribution network in the US. It would be useful if you can extend the discussions to two-tier network distribution where possibleAdvertising We will write a custom case study sample on Amazon Company’s Marketing Managment specifically for you for only $16.05 $11/page Learn More Amazon succeeded due to the benefits derived from simplicity and speed in the US market. These two benefits are instrumental towards the consumer base of its products. Amazon emerged as a very successful bookstore across the globe within a very short time. One of the factors that boosted the company’s supply chain in the United States was the low level of inventories. In addition, the task of carrying out supply and stock books were left under the care and request of wholesalers. As a resul t, publishers were also linked closely with the company. The latter were awarded higher discounts than the wholesalers although their efficiency seemed to be rather low. Moreover, it took a relatively short time to make order fulfillment for customers. The time taken for this procedure was less than one week in most cases. The company also expanded the capacity of its distribution centers in order to facilitate prompt movement of stock from one region to another. The stock of the company in terms of the number of title also grew steadily within the first three years. Moreover, the logistics department of Amazon also grew rapidly due to additional investments. As already mentioned, the time taken to effect deliveries was significantly reduced due to the expansion that had taken place. However, the fast pace of competition in the online book selling stores prompted Amazon to devise better growth strategies that were in tandem with the market needs. Hence, more distribution centers wer e established in order to improve the physical infrastructure of the company. On the same note, supplier agreements of the same nature were initiated in order to boost the product range. The desire to optimize the operations of its networks was yet another important area of focus for Amazon. In any case, both the shipping and stocking activities experienced cost reductions within three years after the above initiatives were adopted. Moreover, there was marked improvement in the delivery of quality services to customers. The current distribution network of Amazon in the US makes use of distribution fulfillment space. It has been expanded by forty percent to a total of 53 centers. Other six distribution facilities that were added recently have improved efficiency of delivery. Besides, it has improved the market presence of Amazon due to large fulfillment centers as shown in the diagram.Advertising Looking for case study on business economics? Let's see if we can help you! Get yo ur first paper with 15% OFF Learn More Q # 2: What is Amazon’s inventory management policy? Do you think that this is the best policy? Give two other inventory management strategies Amazon could use as part of its inventory management policy. The inventory management policy focuses more on the best method that customers can use to manage their orders. For instance, the company uses refined software that can be used to offer forecasts for demand in the market so that it can meet the expected needs of consumers. This policy is necessary in order to avoid excess supply that may not be bought within the anticipated time. The allocation of certain amounts to direct vendors and wholesalers has also been established as a buying rule. The supply management systems have been integrated in such way a way that the systems that handle importation, warehousing and inventory programs are separate, but work as a unit. The best price from suppliers is also an important policy consi deration for Amazon. Therefore, it has executed cascading rules of buying. These rules enable the company to determine the best options that can be adopted to fetch the best price and delivery options for suppliers. Although the above inventory management policies have been used successfully for a long time, there are other management systems that the company can still adopt in its online marketing business. For instance, Amazon can opt to use a barcode system in managing its inventory.Advertising We will write a custom case study sample on Amazon Company’s Marketing Managment specifically for you for only $16.05 $11/page Learn More This system of inventory management system has been proved to be effective due to its high level of accuracy. It has a computerized cash register located at the point of sale. The data obtained from the inventory sales are transferred immediately in the system and later used in the maintenance of user statistics. The data obtained from the system can then be used to make investment decisions. It is imperative to note that warehouses can also adopt the use of barcode inventory system. The entire incoming inventory can be controlled using a radio frequency identification (RFID) signal installed in the barcode. The flow of inventory within a warehouse is also by a barcode system. Q # 3: Identify and discuss some of the supply chain management issues Amazon faced in its European markets. What were some of the potential risks faced in its European market supply chain, and how were they mitigating the risks? There were myriads of challenges that were faced in Europe before the close of 2003. For instance, the desire to reorganize its distribution network was a real cause of concern bearing in mind that the growing demand for its products needed an urgent action to be taken. The management at Amazon saw the significance of embracing business structure and market positioning. There was still a lot of sp ace for improving the supply chain management although the latter had been optimized in most parts of Europe. The operations of Amazon in Europe were still lagging behind by 2003. In other words, the volume of sales in Europe was far much below the similar operations in the United States. Hence, the product offering was to be expanded and realizing better marketing activities as it was the case with the United States. However, it was a difficult task to assess the degree of centralization required in adopting new services. For example, it would not be easy to group tasks that were being done separately. Putting these tasks together would require thorough planning. As a result, the operations of the supply chain management in Europe could not easily merge market sufficiency and flexibility within the required time. Moreover, there was prevailing challenge in the European market in terms of the system of product offering, stocking technicalities in order to attain effective submission to customers and also the methods to use in improving the relationship with suppliers.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Finally, it was also challenging the degree of centralization or de-centralization to adopt. These risks were mitigated by employing strategies used in the US market. However, slight modifications were carried out on the strategies used in the US so that they could be compatible with the case in Europe. Q # 4: Briefly discuss what are PRM and CRM. Discuss how Amazon used EDI to successful implement its PRM and CRM. Customer Relationship Management (CRM) in an organization serves the purpose of assisting in the process of controlling and planning activities that deal with the both the post sale and presale tasks. CRM aims at improving the overall relationship between customers and an organization. Some of the important components of a CRM include field service, technical support, marketing; sales force and call center activities. Hence, CRM assists in understanding the behavior and needs of customers. On the other hand, Amazon has used the Professional Risk Management (PRM) to valida te its skills portfolio in managing its risks in the operations of the supply chain management. In other words, the company uses PRM to assess the risk factor in terms of supply and demand of its products. In addition, PRM is instrumental in assessing price levels in the market so that the company does not run at a loss. Q # 5: What is a push strategy? What is a pull strategy? How would you characterize Amazon’s US and global supply chain strategy? What were the key drivers for Amazon to select the appropriate supply chain strategy in the US, and for the global market? When products move from one party to another, it is called a push strategy. This term is sometimes linked with the pull strategy to denote exchange of goods between two parties. Both of them can either receive or send goods to the other party. It is common knowledge for consumers to pull products toward themselves in order to satisfy their needs. On the other hand, pushing of goods and services to the end user s by supplies for the sake of optimizing production and volume of sales usually takes place. Hence, the net effect generated is known as the push-pull strategy. The global and the US supply chain strategy for Amazon indeed follow the push-pull strategy in spite of slight modification. For instance, there are suppliers on one side who push the products to Amazon. In this case, they do not sell directly to customers in the market. After coding and pricing of these products, selling process to consumers takes place. The company can as well deploy an effective logistics system that can cater for speedy delivery of sold products across the globe. Besides, concurrent engineering can be integrated with supply chain design in order to boost performance. Q # 6: Identify and discuss the facilitators in the Amazon’s supply chain. Explain how Amazon can apply cross docking strategy with the delivery of its product to its warehouse, or directly to its customers. The Amazon’s supply chain has several facilitators. Although it has a competitive pricing strategy compared to its market rivals, its facilitators in the supply chain have indeed led to massive growth and profitable of the company. For instance, Eddie Bauer is a retailer who is critical in the supply chain of Amazon because Amazon takes care of its inventory. In addition, the company also liaises with shipping companies for logistics purposes. Amazon uses drop shipping with certain assigned shipping companies. There are also wholesalers who are key suppliers to Amazon stores. Moreover, Amazon also cooperates with direct manufacturers who sell new products at the huge discount prices. When goods from a different location are offloaded and immediately loaded into transport vessels without facilitating any system of storage, it is known as cross-docking. Hence, no storage arrangements are organized whenever cross docking is carried out. Hence, Amazon can opt to deliver goods directly to customers without storage in warehouses. This will significantly reduce delivery time and storage costs. This case study on Amazon Company’s Marketing Managment was written and submitted by user Santiago Stein to help you with your own studies. 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Excellent paper writing is real with us! Writing an Excellent Paper – You Need a Blueprint Constructing a bridge without a blueprint would constitute stupidity, because it would result in a faulty structure that would probably fail. And making an attempt at writing a paper without a blueprint that outlines the steps is just as ridiculous. Just as a blueprint guides a construction crew through a step-by-step process, so does one for construction of a scholarly research paper. You can’t skip any of the steps and still expect an excellent result. Step One: Pick your topic. While this may seem like an easy step, you may actually end up feeling like Goldilocks in the home of the three bears. One will be too broad and another will be too narrow. You will have to find one that is â€Å"just fight† for the length parameters your instructor has given. 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If you are writing about the Vietnam War, was it worth the cost in lives and money? You need to make a point with your paper, and your thesis statement comes from your response and your reaction to what you have researched. Step Four: Paper writing cannot begin until you have the most important part of your blueprint in place – your outline. Now, this does not have to be a formal one. In fact, remember how your organized those subtopics? They really are the basis for your organizational structure, so look at them and determine the sequence in which they should be presented. Now, take each sub-topic and read through the information and/or data from your research. Combine pieces of information that are related, and these â€Å"sub-sub topics† will be your paragraphs for that section of your paper. Step Five: The writing. You’re now ready to write the rough draft of the body of your paper. Be considerate of your reader, and use headings for each sub-topic – it keeps his/her thoughts organized (and your professor will be impressed). If you have not yet bought a style-check app, you should do so. It does much more than just a simple Word grammar check, and it will help you â€Å"clean-up† all those poorly structured sentences as you write. Here’s a few other tips for your writing: Don’t use a vocabulary that is â€Å"beyond your years,† and don’t try to impress with lengthy and highly complex sentences. Pretend that you are writing this paper for a fellow student. So, if there are terms that are not commonly known, define them. Don’t use slang and jargon unless it is in a quote. Don’t use contractions as I am using here! They are not appropriate in formal writing. Limit the direct quotes you use to those that are really impactful. Step Six: The Final Draft. Editing and proofreading is a task best accomplished in two ways. If you are doing your own proofreading, put the paper aside for at least 12 hours and do something else (like sleep). This will allow you to be more objective when you do review it. The other and better option is to have someone else review it – you can trade-off with another student and edit each other’s papers, if you are both pretty good writers. The paper has to flow logically, and someone else will pick up issues with coherence that you will not. Step Seven: The Style Format. Your in-text and end-of-text citations must be according to the required style, so do not get sloppy with this. And be certain that your title page, pagination, font, margins, etc. are in compliance. It’s those little things that keep a professor happy! A paper that is worthy of a good grade can only be produced by using all of these steps. You really cannot â€Å"cut corners,† and that is why paper writing consumes so much time. 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Emotional Intelligence Works Research Paper Example | Topics and Well Written Essays - 1000 words

Emotional Intelligence Works - Research Paper Example Usually they are the first ones to get to the job every day. Having said that there have been certain instances under which some employees do not enjoy the coziness presented in the work-oriented environment which exists within such organizations. They believe in getting the work done under stipulated timings and then leaving for their respective homes. This paper discusses the basis of the core skills required for employing emotional intelligence at work as well as the benefits and challenges that come along with it. With this, the focus is on contemplating the true use of the emotional intelligence premise which works well for the employees thereby leaving a lasting impression towards their individual work related performances. One must know that the complaints that are made under an office environment range from just about any level – top to bottom, bottom to top or even between peers at the same level. This implies that at a specific point in time, grudges do come about be tween the employees and they start complaining about the lack of friendship and camaraderie between their own selves. Then again there are times when there are complaints on the part of the middle management which suggests that the top management is too severe in their dealing, with names not making the rounds of such complaints usually (Levinson, 1999). On the same footing, the top management has some reservations against their middle management domains since the former believe that the middle tier is lazy and dissatisfied with their respective work ethos. They think that the element of organization and productivity is lacking on most of the occasions, and this has been the basis of asking for more emotional intelligence to exist at the workplace. Moving ahead, the emotionally stable people under the realms of a workplace environment suggest that they comprehend the tasks that have been assigned to them and which need to be completed in proper accordance of the rules and regulation s as dictated by the organization. This is in line with the proper procedures as these should be employed, rather than getting involved within emotionally charged frustrations, grudges and complete abhorrence which might creep in under such scenarios and circumstances. There are some moments when the top management realizes the gravity of the problem at hand and how low the emotional level of the employees has become. The need of the hour is to make sure that these problems are resolved at the earliest so that success could be achieved within the shortest possible time, and any issues that do arise in the future under the emotional intelligence regimes are taken care of. The problems just cannot be ignored because these can linger on into something very drastic that shall hurt the cause of the organization more than anything else (Abraham, 1999). What is needed indeed is a will to rectify the problems that remain within the folds of understanding the nuances of emotional intelligenc e. It would set many things right and take care of all the others that haunt the employees on a constant level. This requirement receives a great deal of backing by the people who believe in the premise of emotional intelligence. The emotionally charged up individuals need to be dealt with in a stern manner by the organizations. This is because their emotional state could mean havoc for the business realms where people can start fighting with one another or even create rifts between their

Psychology- theorist Essay Example | Topics and Well Written Essays - 2000 words

Psychology- theorist - Essay Example Through the above theories, human behavior will be properly analyzed and illustrated using one character trait that I posses. Human behavior is explained to be the characteristic conscious or subconscious activities that people adopt (Watkins, 1998). For example, I am characteristically judgmental when people do me wrong. I tend to assume that people are totally responsible for their actions and mistakes. This has been a tough issue between me and my acquaintances because I always assume the role of the judge when problems arise even in cases of accidents. The curiosity to understand why I am judgmental prompted me to try and understand the theories that might provide possible solutions to my investigation. The theories include the Freud, Jung, Adler, Erikson, Allport, Cattell & Eysenk, Skinner, Bandura and Mischel, Kelly, Rogers and Maslow, and May  theories (Willingham, 2006). The theories utilize human behavior to analyze the possible and common precursors to the phenomenon. The following paper is an essay describing the various theories, their assumptions and considerations which will try and explain the reasons why human beings adopt certain behaviors while still trying to unravel the reason why I am judgmental. Throughout the past centuries, humans have been credited with different life tendencies and habits which are often considered natural. As described by Watkins (1998, p 92), ‘a person is easily identified by his behavioral trends and habits which are unique’. The reasons why people are different has been investigated and explained in depth in a number of theories. To tackle the issue adequately, certain explanations and theories will be utilized. For starters, the Freud theory that explores the three human factors that surround the human personality. In his theory, Freud had utilized three levels of awareness, namely the conscious, subconscious and the precautious (Claire, 2007). He explains that the conscious includes only our current

PTSD as it relates to military combat Annotated Bibliography

PTSD as it relates to military combat - Annotated Bibliography Example Social and Behavioral Sciences, 5, 262–266. The purpose of this study was to show the effect of behavioral treatments on quality of life. The method used involved the study of 60 Iranian combats who participated in war between Iran and Iraq. SF-36 questionnaire was used for evaluation. The result was that behavioral interventions of military combats improved quality of life. The study seeks to determine the relationship between war exposure and PTSD among nurses in Gaza. 1130 nurses exposed to war were studied to show if they had PSTD. The results indicated that nurses in Gaza suffered PSTD after exposure to war. The purpose of this study was to find out the obstacles faced by military personnel when faced with mild traumatic brain injury which is a form of PTSD. The method is a literature review of past research. The results indicate that emotional distress are the main symptoms of brain injury disorder. Meziab, O., Kirby, K.A., Williams, B., Yaffe, K., Byers, A.L. and Barnes, E.B. (2014). Prisoner of war status, posttraumatic stress disorder, and dementia in older veterans. Alzheimer’s & Dementia, 10, 236-241. This study was carried out to determine whether prisoners of war experienced dementia without experiencing PTSD. The method involved a cohort study of 182,879 veterans of war to show the relationship between the status of prisoners of war and PTSD, and their experience of dimension in the follow-up study. The results showed that the status of prisoners of war and their experience with PTSD lead to higher risk of dementia. The study examined the prevalence of sleep by PTSD victims. PTSD-diagnosed patients were tested using SCID criteria considering non-sleep PTSD symptoms. It was found out that PTSD veterans suffered from poor quality of sleep. Polusny, M.A., Kumpula, M.J., Meis, L.A., Erbes, C.R., Arbisi, P.A., Murdoch, M., Thuras, P., Kehle-Forbes, S.M. and Johnson, A.K. (2014). Gender differences in the effects of deployment-related

Evaluate The Corporate Strategy Being Pursued At Lvmh Business Essay

Evaluate The Corporate Strategy Being Pursued At Lvmh Business Essay LVMH Moet Hennessey Louis Vuitton, a famous luxury corporation found by Bernard Arnault in 1984. At present, a host of famous brand name peoples are associated with LVMH such as Louis Vuitton, Christian Dior, Givenchy, Celine, Guerlain, Tag Heuer, Moet et Chandon, Pommery etc. In the following statement, it is aim at evaluate the corporate strategy being pursued at LVMH. In order to have an in-depth analysis, it will have a brief identification of corporate strategy in LVMH and an explanation of the rationale for the strategy in the beginning. Based on those parts, it will have an evaluation of corporate strategy at LVMH. Summary statements of strategy In the following, it is going to identify the nature of the corporate strategy being implemented at LVMH. The first part is going to explore the composition of LVMH. The composition of LVMH According to the case, LVMH group had covered a large spectrum of business by commencing an active external growth strategy towards luxury product companies with high development potential. It also used an acquisition strategy to narrowly focus on luxury brands for increasing the existing portfolio of the brands. LVMH group consists of a smattering of individual brands in five different products and services Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, and Selective Retailing. In between, these brands are grouped into different clusters. It also comprised two Paris department stores La Samaritaine and Le Bon Marche; the DFS duty-free chain and Sephora perfumery chain. These had showed that LVMH is a really big company operated in the luxury business. Besides, LVMH had pursued a corporate sponsorship strategy, which supporting a wide array of public interest initiatives and aimed at the revitalization and promotion of Frances artistic heritage. It had also sponsored a host of exhibition and retrospectives in order to spreading its central mission Western Art de Vivre. The meaning of that is a sense of style, a vivid connection with the past and its tradition, transferred into the present. It is the cult of beauty and creativity at every level, combining ancestral know-how and craftsmanship with modern and a passion for quality, referred to case. This philosophy perpetuated the tradition of the most ancient and refined craftsmanship. LVMH provided a financial aid, LVMH Young Artist Award to art students for fostering the cultural instinct of young generations into talents, especially in fine arts and music. To strive promote young talent, LVMH supported young virtuosos by lending them Stradivariuses from its collection and organizing concerts. It sponsored a complete MBA program in luxury goods management at the top French business schools, ESSEC in order to create the future recruitment. The corporate centre manages the strategic business units Here comes to the second part to discuss about the corporate centre manages the strategic business units (SBUs). SBU is a division of the organization that has a unique business mission, product line, competitors, and markets relative to other SBUs in the same corporation (Johnson et al 2008). According to Mintzberg et al, the corporate strategy is the pattern of discussions in a company that determines and reveals its objectives, purposes or goals, produces the principal policies and plans for achieving those goals, and defines the range of business the company is to pursue, the kind of economic and human organization it is or intends to be, and the nature of the economic and noneconomic contribution it intends to make to its shareholders, employees, customers, and communities. (Mintzberg et al 2002) From the above summary of LVMH cover a large spectrum of business, the group seems to adopt the portfolio approaches. LVMH has to acquire new companies continuously with new profitable business and invested into a medium or long-term view, aim to strengthen the cash flow and develop its diversity and a balanced portfolio in terms of risks. A number showed that LVMHs profit had grown by 500% in eleven years and had multiplied 15-fold under the Arnaults way of running this approach. Now, it is going to review on LVMH major policy in central functions. referring the case, being as a group, commencing of synergies had created strengths within different branches, attract and retain the best talent worldwide. The Group allowed the branches to share the variety of departments provided by Headquarter. The synergies policy made every company benefited from Group resources and synergies in different categories, such as financial resources, administration (shared service centers), purchasing, RD, advertising negotiation, production, retail networks etc. Companies can be done at Group level to get specific support instead of go to the Headquarters. Explain the rationale for the strategy Approaches to corporate level strategy There are three different approaches when choosing corporate level strategy: Portfolio approach is based only on financial synergy; Linkages approach is based on operational approach and Core competencies approach is based on sharing organization-wide core competencies (Mintzberg et al 2002). According to the case, LVMH is adopted the portfolio approach which is based only on financial synergy. The Corporate centre acts as a financial investor in a set of autonomous businesses. It also adds value by keeping strict financial control and attempts to achieve a balance of businesses across the life cycle and with complementary financial needs (Mintzberg et al 2002). Boston Consulting Group (BCG) matrix There is one way to evaluate the corporate-level strategy to compare and evaluate each individual investment in the portfolio to determine whether or not the investment is currently performing to expectations and what the future prospects are for the investment. The Boston Consulting Group (BCG) matrix is a relatively simple technique for assessing the performance of various segments of the business (Johnson et al 2008 and Advameg Inc 2010). It classifies business-unit performance on the basis of the units relative market share and the rate of market growth as shown in Appendix Figure 1. The five different LVMH business spectrums are put into the four quadrants. The perfumes and cosmetics spectrum is as a question mark, which had the lowest market growth within other spectrums, compared with Figure 2. The strategy for these products have to continually gain market share through strong communication and innovation in this spectrum such as new product launching, new product line or strengthen existing products. A high market share becoming a BCG matrix star and it is belongs to Fashion and leather goods, which means this spectrum has a high-growth market. Stars can generate large cash flow for the business, as same as the largest account for the revenue from LVMH in Figure 2. Stars are the targets of large expenditures for advertising and research and development to improve the product and to enable it to establish a dominant position in the industry. For instance, Louis Vuitton entered into new markets, Lebanon and Dominican Republic; accelerate global expansion of Marc Jacobs; and to maintain policy of targeted investments and rigorous cost management for other brands. The spectrum of Watches and Jewelry is located at the middle of star and question mark, which has the high potential in market growth but account for a little market share. The strategy is to continue gain the market share, pursue up-market positioning through strong innovation and selective expansion of mono-brand store network. Cash cows are Wine Spirits and Selective Retailing spectrums that have high market share in a low-growth market. They are usually well-established products with wide consumer acceptance, so sales revenues are usually high. LVMH has to continually maintain rigorous management of costs and inventories and increase marketing programs like e-commerce in order to retain the market growth. Dogs are the businesses with low market share in low-growth markets. In LVMH, no one is belonging to this quadrant. Diversification Diversification is a strategy to increases the corporation scope radically from existing markets and products (Johnson et al 2008). It is the most radical strategic direction and more value creating than others. According to Porter, there are also three tests for diversification. Attractiveness test is the business which must be structurally attractive or capable of being made attractive. Cost of Entry test is the cost of entry must not capitalise all the future profits. Better-off test is either the new unit must gain competitive advantage from its link with the corporation or vice versa (Porter 1987). LVMH has the below reasons for diversification with potential value-creating. Efficiency gains: LVMH keep its companies at human size and group them in a separate Business Groups or Branches, allow the brands in each business to coordinate strategies and develop synergies with common interests such as research, purchasing, logistics and international distribution. Companies can take the benefits from synergies to share the existing Group resources once acquired new companies. It allows sharing variety departments and resources such as financial, administration, RD etc. Sharing resources can help LVMH to experience the economies of scale to reach efficiency and effective into a new activity (Johnson et al 2008). Stretching corporate parenting capabilities: LVMH had a wide range of business covering fashion, wine, perfumes to financial media that share very few operational resources or competences but creates value by adding parenting skills. The philosophy of creativity and the nurturing of creative talents are relevant to each business spectrum. Increasing market power: LVMH is obviously gaining market power with a diverse range of business by acquired new companies, invested with a medium or long-term view. The investments had permitted LVMH to finance in new development and strengthen cash flow that developed a balanced and diversified corporate portfolio. In order to increase the market power, the group expansion and the development of new subsidiaries had supported around the world. Value-adding to LVMH In this part, it is going to identify the activities by LVMH can add value. Envisioning: LVMH provide a clear vision that guide and motivate the business to maximize corporate-wide performance. The vision in LVMH is product quality, creativity, image, entrepreneurial spirit and the willingness of its people to always question their achievements and the striving to be the best, which is indissolubly linked to the entrepreneurial spirit. Each company was free to adopt the marketing and retailing strategies best suited to its needs, capitalize on distinctive positioning. Coaching and facilitating: can help to develop strategic capabilities by improving skills and confidence. It can also facilitate cooperation and sharing across the business. In order to provide high-caliber training to the employees, the group institutes a comprehensive training program in several regions such as Paris, Hong Kong, Tokyo to focus on development of personnel management and integration of LVMH. In addition, it launched a Global Leadership Program in order to step up the professional development of the most promising future executives through discussions on risk-taking and innovation moderated by business group leaders and the CEOs of Group companies. These kinds of programs are provided opportunities to learn management skills and build relationships for the group. Providing central service and resources: LVMH offer opportunities to management-level employees with internal mobility within the company, transferred to new position within the group by developed with special assignments to facilitate broadening of experience and perspective. It allows the employees to work for a defined period in a company and enable them to have varied and changing work environment and tasks. Intervening: Once the new graduates come into the company on management level are immediately given real jobs but not send to have training program first. It helps to find out if someone is not suitable for the work quickly at LVMH or find the initial responsibility too overwhelming leave soon. The way is helping them to find the people are interested by being part of something, have a dream to be achievable so that it becomes challenge to work at LVMH in order to monitor the performance and encourage performing better. Evaluate the corporate strategy being pursued at LVMH According to Rumelt, there are four criteria for strategy evaluation: Consistency: The strategy must not present mutually inconsistent goals and policies. The atmosphere of LVMH vision is scattering in each company. Its autonomy disciplines and the philosophy of creativity also bring employees loyalty toward working at LVMH. People in the group tended to have a strong feeling of ownership of their brands and cherished that they contribute to the development of the company without a lot of bureaucratic procedures and constraints. (Rumelt, 1980) Consonance: The strategy must represent an adaptive response to the external environment and to the critical changes occurring within it. LVMH had a foresight that hired new designers to run conservative traditional business become as profitable. Marc Jacobs had created new lines of product which were much more modern and identifying the brand with the desirable fashion world. He took the 146 year old LV logo and put it everywhere, starting off the trend of logomania. Thus, LVMH had given a new generation of designers the chance of their lifetime on creative design freely. It also dedicated people who are passionate about doing something of outstanding quality. (Rumelt, 1980) Advantage: The strategy must provide for the creation and / or maintenance of a competitive advantage in the selected area of activity. This is usually the result of superiority in resources, skills, or position. Customers who came to buy the products are not acquiring for functionality, they bought an image and a lifestyle, an intangible value. The employees who worked at LVMH professed to love the products they worked with and wanted to make sure that others loved their products. They were proud they were be the part of the Christian Dior family of the Louis Vuitton family and felt prestige involved in LVMH companies. (Rumelt, 1980) Feasibility: The strategy must neither overtax available resources nor create unsolvable sub-problems. The strategy should be reasonable in the light of the organizations resources: money and capital; management, professional and technical resources and time span. Companies did not go to Headquarters for specific support, they can be done the tasks by group level, tax planning, and recruitment of senior management level positions. The shared and synergies group resources enable companies increase their problem-solving capabilities and empowerment. (Rumelt, 1980) Conclusion Porters concluded that Portfolio approach is not a valid corporate level strategy in advanced economies. The first key element is to associate with corporate level strategy, to ensure that a corporate entity can achieve more profitability than the collection of different businesses under their control. There are four concepts for corporate level strategy to achieve (Porter 1987). Portfolio Management: is based on diversification through acquisition with no direct involvement of the management and strategy of subsidiary businesses by headquarters. Value adding is from maintaining strict financial controls and financial economies of scale, which the external capital markets are very efficient in capturing information about companies; and external investors can take swift action when necessary. As the size of the company grows, portfolio managers need to find more and more deals to maintain growth. Porter also concludes that it is no longer appropriate in advanced economies as it is no way to conduct corporate strategy. Restructuring: It allows for the acquisition of failing organizations and short-term measures to turn round the organization and it can only be a short term strategy as it is difficult to maintain a long term corporate strategy based only on restructuring. Linkage: A sustainable corporate level strategy can only be achieved by creating operational synergies through transferring skills and sharing activities exploit the interrelationships between businesses. Core Competence: It is based on sharing organization-wide core competencies Core competencies allow a corporate to gain access to a range of new markets and to gain competitive advantage over its competitors (Prahalad and Hamel, 1990). To conclude based on the above findings, it evidence that LVMH had pursued those four corporate strategies. When LVMH choosing an effective corporate strategy, it identifies the interrelationships among the existing business spectrums and select the spectrum of fashion and leather goods as core business to become the foundation of the corporate strategy. The LVMH group structure also facilitates interrelationships among the core businesses and lays the groundwork for future related diversification. Its shared resources provide diversification opportunities and allow transferring superior skills. Restructuring is seldom used at LVMH since it had an excellence management level people with high-caliber. The remuneration for them was based on a fixed base salary, a bonus, and stock options which are merit based. Finally, the diversified and balanced portfolio enables LVMH to share organization-wide core competencies successfully. Appendix Figure 1: BCG Matrix of LVMH Source: http://www.slideshare.net/sumit_thawrani/the-deal-presentation Figure 2: LVMH H1 2010 revenue by business group Source: LVMH First Half 2010 results

How Guns Work :: essays research papers

How Guns Work A gun is a weapon that uses the force of an explosive propellant to project a missile. Guns or firearms are classified by the diameter of the barrel opening. This is known as the calibre of the gun. Anything with a calibre up to and including . 60 calibre(0.6 inches) is known as a firearm. The precise origin of the gun is unknown, although they were in use by the early 14th century and were common place in Europe by mid-century. These early guns were nothing more than large calibre cylinders of wrought iron or cast bronze, closed at one end and loaded by placing gunpowder and projectile in the muzzle, or open end. Nowadays firearms are a little more sophisticated. However, the physics behind all guns remain the same. Weapons such as cannons, shotguns and rifles, work on the basic idea of conservation of momentum and the change in energy from potential to kinetic. When the trigger is pulled the hammer hits the firing pin. The firing pin then hits the primer which causes the powder to burn hence producing lots of gases. This causes the volume behind the bullet to fill with extremely high pressure gas. The gas pushes on every surface it encounters, including the bullet in front of it and the base of the gun barrel behind it. The increase in pressure caused by the gases causes the bullet to be forced into the barrel hence causing the bullet to come out the muzzle at very high speeds. Once the bullet is fired, it remains in motion from its momentum. The momentum will carry the bullet until it strikes an object or gravity pulls the bullet towards the earth. Firearms change potential chemical energy into kinetic energy in the actual firing of the gun. Many people do not realise that the force imparted by accelerating the bullet is not the only force acting on the gun, or the shooter. Grains of burned gun powder are sent out the muzzle at high velocity. When the trigger is pulled, the hammer strikes a small charge at the end of the shell, the ammunition. This charge ignites black gun powder packed behind the lead ball bearings. When the black gun powder burns, it produces gas that rapidly expands with the burning of more black gun powder. High pressure gases exert forces on the back of the bullet and on the gun. The only way for the gas to escape is to push the bullet out of its way through the end of the barrel. This is how a bullet is fired from a gun.

Rich and Poor People In the 19th Century Britain

The different lifestyles and experiences, of rich and poor people in the 19th century Britain. The quality of life in the Victorian times depended on whether people were rich or poor. Wealthy people enjoyed a good and easy life, but on the other hand poorer people had a rough and hard life, often ending up in the workhouse or early death. By 1851 British society divided into social classes. The aristocracy were powerful and wealthy. The middle class, who ran the businesses, were ambitious and growing in wealth. The people in villages, in the towns, working as servant in the homes of the rich were very poor.The life of the rich, birth mattered more than money. A rich baby boy had governesses and nannies, then went to public school such as Eton or Harrow, finishing his education at Oxford or Cambridge. Girls were educated at home and getting prepared for marriage. Some girls went to boarding school and at the end of the 19th century, a small number were able to go to university. The el dest son inherited his father’s estate and title. In a rich household their meals where far more then they could eat and the rest was passed on to the employers who lived on their land. As the century went on, middle-class people took annual holiday.Behaviour in a typical middle-class family was proper. Children spent most of the time with the nanny and called the father â€Å"Sir†. The mother’s job was to stay at home and tells servants and tradesmen what to do. The middle-class house values where religion, modesty, cleanliness, self-improvement and hard work. They enjoyed musical evenings, stamp collecting, butterfly collecting and the theatre. The working class lived on their employer’s land in little cottages. If the working class would ever leave their employer they would have to leave their accommodation and make them homeless or go into workhouses.That’s why a lot of people stayed in the same employment for a long time. At the start of the 1 9th century few poor people received an education until the 1880 education act made primary school compulsory. Poverty is the state of being poor. For the poor most children have to work because their family needed the money. The more people in the family who worked, the more money they had. More money means more food and better living conditions. Very poor people with no home or job lived in workhouses and families got split up. They earned their keep by doing jobs in the workhouse.The idea was that the poor were helped to support themselves. For most of the population poverty brought terrible living and working conditions. Millions of people were living in terrible squalor. They lived in cold, damp, badly built houses. They where overcrowded which led to spread of disease. Working conditions were dreadful and people got low pay for long hours working in factories, mines and mills. Work was hard, and dangerous with little safety and poor working conditions. Huge social problems led to alcoholism and violence. This was happening up and down the land in the cities of Britain.During the 19th century people had strong beliefs about the causes of poverty. People believed that it was a person’s own doing that they lived in poverty, as it was due to the own behaviour, laziness, alcoholism or wasting the money that they had. A person should help themselves to avoid poverty and to get out of poverty. It was called self-help. The next step in this essay will be looking at some source material to find out which is primary and secondary. Primary sources are can also exist in many copies, if they were popular and widely available at the time that they were created.Secondary sources were called secondary because they are created after primary sources and they often use or talk about primary sources. Secondary sources can give additional options sometimes called bias, on a past event or on the primary source. Secondary sources often have many copies. Looking at Sourc e D: This is a secondary source, as it was written in 2001 by Victorian diaries in London. The diary was written unwittingly as the author Lady Maria Hobart did not expect anyone to read her diary. Also it is unwittingly written, because it describes an event out of her life.The diary is the primary source of the memory of the special day and written by her, produced at the time. She was also very wealthy as there was a maid and eight bride’s mates and she was made by a sir at the church. She had a horse and carriage picking her and her husband up from church after their wedding ceremony. She was an educated lady and her workforce came out cheerfully to celebrate their marriage. There is a very positive bias and it is very well written and precise. Source B: this source is not very reliable, as he is protective of his father and may be distorted due to his age.The father was the only source of income that points out that this family was very poor. This is also a primary sourc e as George Edwards recalls his life in this diary. The workhouse was also a strong point that this family was poor. The images in source F we see here are all primary images as there were photos taken at the time. The images showing the upper and working class looking at image one is strongly biased as it only represents the upper class. Image six was wittingly taken. The intention was to show the poor. Image two shows a child as a miner In 1842 the mines act stopped working girls and boys under 10 from work in mines.This also represents a poor family as all the member in a poor family had to work, even children. Also a primary source as it was taken at the time of the event. The conclusion on primary and secondary sources is, primary sources come first hand from the source or person. Diaries would be a primary source because it is written directly by the individual writing in the diary. Information that has been stated, but not interpreted by others. Secondary sources are sources that were written about primary sources. Secondary sources analyse, interpret and discuss information about primary source.

IRAC Method of Legal Writing Definition and Examples

IRAC Method of Legal Writing Definition and Examples IRAC is an  acronym for issue, rule (or relevant law), application (or analysis), and conclusion: a method used in composing certain legal documents and reports. William H. Putman describes IRAC as a structured approach to problem-solving. The IRAC format, when followed in the preparation of a legal memorandum, helps ensure the clear communication of the complex subject matter of legal issue analysis. (Legal Research and Analysis Writing. 2010) Pronunciation I-rak Examples and Observations of the IRAC Method IRAC is not a mechanical formula, but simply a common sense approach to analyzing a legal issue. Before a student can analyze a legal issue, of course, they have to know what the issue is. Thus, logically, step one in the IRAC methodology is to identify the issue (I). Step two is to state the relevant rule(s) of law that will apply in resolving the issue (R). Step three is to apply those rules to the facts of the question- that is, to analyze the issue (A). Step four is to offer a conclusion as to the most likely result (C). (Andrew McClurg,  1L of a Ride: A Well-Traveled Professors Roadmap to Success in the First Year of Law School, 2nd ed. West Academic Publishing, 2013) Sample IRAC Paragraph (I) Whether a bailment for the mutual benefit of Rough Touch and Howard existed. (R) A pawn is a form of bailment, made for the mutual benefit of bailee and bailor, arising when goods are delivered to another as a pawn for security to him on money borrowed by the bailor. Jacobs v. Grossman, 141 N.E. 714, 715 (III. App.Ct. 1923). In Jacobs, the court found that a bailment for mutual benefit did arise because the plaintiff pawned a ring as collateral for a $70 loan given to him by the defendant. Id. (A) In our problem, Howard pawned her ring as collateral to secure an $800 loan given to her by Rough Tough. (C) Therefore, Howard and Rough Tough probably created a bailment for mutual benefit. (Hope Viner Samborn and Andrea B. Yelin, Basic Legal Writing for Paralegals, 3rd ed. Aspen, 2010)When faced with a fairly simple legal problem, all the IRAC elements may fit into a single paragraph. At other times you may want to divide the IRAC elements. For example, you might wish to set out th e issue and the rule of law in one paragraph, the analysis for the plaintiff in a second paragraph, and the analysis for the defendant and your conclusion in a third paragraph, and the transitional phrase or sentence in the first sentence of yet a fourth paragraph. (Katherine A. Currier and Thomas E. Eimermann, Introduction to Paralegal Studies: A Critical Thinking Approach, 4th ed. Asen, 2010) The Relationship Between IRAC and Court Opinions IRAC stands for the components of legal analysis: issue, rule, application, and conclusion. What is the relationship between IRAC (or its variations...) and a court opinion? Judges certainly provide legal analysis in their opinions. Do the judges follow IRAC? Yes, they do, although often in highly stylized formats. In almost every court opinion, judges: - identify the legal issues to be resolved (the I of IRAC); - interpret statutes and other rules (the R of IRAC); - provide reasons why the rules do or do not apply to the facts (the A of IRAC); and - conclude by answering the legal issues through holdings and a disposition (the C of IRAC). Each issue in the opinion goes through this process. A judge may not use all of the language of IRAC, may use different versions of IRAC, and may discuss the components of IRAC in a different order. Yet IRAC is the heart of the opinion. It is what opinions do: they apply rules to facts to resolve legal issues.(William P. Statsky, Essentials of Paralegalism, 5th ed. Delmar, 2010) Alternative Format: CREAC The IRAC formula... envisions a time-pressured exam answer... But whats rewarded in law-school exams tends not to be rewarded in real-life writing. So the coveted IRAC mantra ... will produce mediocre to worse results in memo-writing and brief-writing. Why? Because if you were to write a one-issue memo using the IRAC organization, you wouldnt reach the conclusion- the answer to the issue- until the end... Knowing this, some legal-writing professors recommend another strategy for writing you do after law school. They call it CREAC, which stands for conclusion-rule-elaboration-application (of the rule to the facts)-conclusion (restated). Although youd probably be penalized for that organizational strategy on most law exams, its actually superior to IRAC for other types of writing. But it, too, has a serious shortcoming: Because it doesnt really pose an issue, it presents a conclusion to an unknown problem. ï » ¿(Bryan A. Garner, Garner on Language and Writing. American Bar Association, 2009)

Features of Quantitative Research Essays

Features of Quantitative Research Essays Features of Quantitative Research Essay Features of Quantitative Research Essay Quantitative research tends to be numerical or categorical. This type of research aims to make predictions, establish facts and test hypothesis that have already been stated, that is, aims to find evidence which supports or does not support on existing hypothesis. Quantitative research normally involves large numbers of respondents, typically a hundred or more, and obtains results that are representative of the total population. Therefore, it is a form of research method that is considerably appropriate for generalization of descriptions. There are several main types of approaches to quantitative research (show as following) and these techniques are widely used in many substantive fields to study and explain individual differences and patterns of relationships among variables. Correlational research aims to find out whether there is a relationship between two or more variables (Gay Airasian, 1999). In any case, if a relationship is found, then its degree is identified by a number between -1. 00 and +1. 00 and this number is known as a correlation coefficient. For instance, when one variable increases and the other also increases, then the correlation in this case would be positive. On the other hand, if a correlation is negative, that means, when one variable decreases, the other also decreases. Survey research targets to answer questions about current status of the subject of study. This usually involves studying attitudes, practices or concerns of certain group of people. (Gay Airasion, 1999).   Causal-comparative research aims to find a cause-effect relationship between two or more different programs, methods, or groups. : An example of this would be to find out if children watch violence programs on TV causes aggressive behaviours. The main advantage of quantitative research is the results are statistically reliable and the results are able to be projected to the population. It has high reliability as different researchers, using the same measurement system are likely to come up at the same measurement for same subjects This method is appropriate for measuring both attitudes and behaviours and therefore quantitative research method is one of the traditional research method that many psychologists used in their approach to research design. Differences in features in another basic type of research approach When talking about the features of quantitative research, people often mention another basic research method qualitative research as a comparison. In qualitative research, it involves emhasising meanings, experiences, descriptions and etc (Coolican, 1990). And it uses mainly non-numerical data such as observations and interviews, that is, it does not use numbers in its analysis. Data is usually in the form of words that have been recorded to represent observations. Also in contrast to quantitative research, qualitative research often requires small number of respondent. The reason of why mentioned the features of qualitative research method is because this would add up to the disadvantages of quantitative research method to explain why I think many psychologist has become dissatisfied with the more traditional quantitative approach to research design, despite it is the most common type of approach in many psychological research. Disadvantages of quantitative research As one of the reasons for using quantitative research is to find out whether a group of people shares certain characteristic in common, the disadvantage of this method is that the resulting theory usually unable to take account of the unique characteristics of individual cases. Another characteristic of results which generated from quantitative research is they tend to be very simple in comparison to qualitative research, which is generally rich in information with detailed descriptions such as interview transcripts, personal comments and audio recordings, the results obtained from quantitative research are generally reduced to a few numerical statistics and summarised in a few short statements. In this sense, depth of understanding in qualitative research is therefore considerably superficial. According to McCullough (1995), the primary disadvantages of quantitative research is that issues are only measurement if they are known prior to the beginning of the survey (and therefore, have been incorporated into the questionnaire) and quantitative research requires the advance formulation of specific hypothesis by Huysamen (1997). With this characteristic in place, quantitative research is therefore only appropriate when the issues to be tested are known. This research method would not be appropriate to use in situations such as an initial leaning phase or as a method to explore new ideas. One disadvantage of quantitative research is that its study can be unreliatble since this type of study is relied on statistical method of analyzing data, unless use large enough samples of respondents, otherwise it might not be able to provide accurate or meaningful results. Some psychologists criticized that quantitative research usually takes place in artificial settings. And the way researchers create an artificial settings such as in laboratory in quantitative research is due to the attempt to control the variables in their studies. That is the reason of why some psychologists doubted whether the results obtained in these unnatural settings can apply in the real world. Thus, again, results from this research method can possibly be unreliable. Summary Quantitative research is criticized for its low validity as it is unable to take account of the unique characteristic of individual cases and therefore results are generalized, narrow and lack of detailed information. Also, as the settings of this type of research are often artificial, information or data obtained from these type of studies are likely unrealistic. For these reasons, many psychologist has become dissatisfied with this traditional research approach in research design. Reference Coolican, Hugh (1990), Research Methods and Statistics in Psychology. Hodder Sloughton. Gay, L. R. , Airasian, Peter. (1999). Educational Research: Competencies for Analysis and Application, Sixth Edition, Upper Saddle River, NJ: Merrill. Huysamen, G. K. (1997, March). Parallels Between Qualitative Research and Sequentially Performed Quantitative Research. South African Journal of Psychology, 27, 1-8.

4th 5th 6th amendment criminal rights Research Paper

4th 5th 6th amendment criminal rights - Research Paper Example Even though these amendments were introduced by James Madison in 1789 to the First United States Congress, it came into exist with effect only 1791 onwards only. Earlier majority of the states hesitated to accept these amendments which caused the delay. But three fourths of the states accepted it in 1791 and bill of rights became the part of US constitution from then onwards. Even though James Madison was the architect of these amendments, the contributions from other prominent personalities like Thomas Jefferson helped Madison immensely in attaching these amendments to the US constitution These ten amendments or Bill of rights protects basic rights of American citizens in many ways. It ensures free speech, free press, free assembly and association etc. It prohibits federal government from infringing into the human right issues such as liberty, equality and freedom of expression. It also prevented the Congress from making any controversial law which may affect the religious freedom enjoyed by the American people. It also ensures speedy and impartial trial and court procedures in public offense cases. In a true democratic state, the public should hold the power instead of the government and Bill of rights was an attempt to give more power to the public which earlier enjoyed by the governments. This paper briefly analyses only the fourth, fifth and sixth amendments The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized2. The Fourth Amendment to the United States Constitution protects the public against illegal or unreasonable searches and seizures. Earlier, law enforcement agencies misused their power in many ways to take revenge upon their

Refle Essay Example | Topics and Well Written Essays - 1250 words

Refle - Essay Example My future career plans My future career plan involves opening and running a finance company in Qatar. The company will deal in brokerage of financial securities in the entire country. The business scope will involve the purchase and sale of listed public companies’ securities as well as securities for credit facilities. The business activities will include service delivery to investors through their brokers and offering advice on trends in security prices for clients’ informed investments decisions. The finance company will also offer credit services to people to facilitate entry into, and growth in the financial market industry and the services will be charged independently. My future study plans My future study plans include completing a Masters program in accounting and I plan to do this in the United States. My plan for further academic potential is a factor of the competition in the job market and my career objectives of establishing a private enterprise. With the current competitive environment in which graduates enter the market at a higher rate than the rate of job creation, employers are increasing their recruitment standards for entry positions and for career development within organizations. A Masters degree will therefore facilitate my competitiveness in the job market for successful mobility and promotions within organizations. The future study plan will also be significant to my objective of establishing my enterprise because gained knowledge and skills will be fundamental to the enterprise’s operations and management. Steps that I have taken to facilitate future goals Achieving my future goals requires personal initiatives and I have taken diversified steps to ensure that I qualify for the Masters program and that I gain the capacity to establish a brokerage financial company. Hard work in my academic ventures has been one of the steps towards my academic plans as well as the entrepreneurial venture. My desire to develop a ca reer in accountancy has led to diligence in studies from elementary level. By high school, I was determined to excel, qualify for an accounting course at undergraduate level, and then proceed for a Masters program. I have similarly worked hard in college and I am confident of surpassing the minimum grade for the Masters program in accounting. Some of the particular initiatives that I have undertaken to boost my final college grade are private research into the course concept, consultations with lectures, and group discussions. I have also consolidated funds for the program. I have similarly made efforts to facilitate my future entrepreneurial initiatives through conducting research into the financial industry in Qatar. I have determined the legal environment and understood the required formalities for establishing the type of venture. I have similarly explored the market and its competitive forces and established high probability of success. My initiatives into the venture have also evaluated required resources for the