Thursday, December 26, 2019
Characteristics Of Business Research Business Essay - Free Essay Example
Sample details Pages: 6 Words: 1901 Downloads: 9 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? What is research. Research is a part of any systematic knowledge. It has occupied the realm of human understanding in some form or the other from times immemorial. Donââ¬â¢t waste time! Our writers will create an original "Characteristics Of Business Research Business Essay" essay for you Create order The thirst for new areas of knowledge and the human urge for solutions to the problems has developed a faculty for search and research and re-research in him/her. Research has now become an integral part of all the areas of human activity. Business Research. Business Research is process of systematic and indepth study or search for solution to a problem or an answer to qs. backed by collection, compilation, presentation, analysis and interpretation of relevant details, data and information. Its also systematic endeavour to discover valuable facts or relationships. Characteristics of Business Research a. Systematic and organized b. Objective approach c. Helps in decision making 4. SIGNIFICANCE OF RESEARCH Business Research may involve careful enquiry or experimentation and result in discovery or invention. There cannot be any research which does not increase knowledge which may be useful to different people in different ways. a. For Industrial and economic growth b. For business management c. For management . d. Research plays a significant role in the identification of a new project, project feasibility and project implementation. e. Research helps the management to discharge its managerial functions. f. Research helps in the formulation of business policy and strategy. g. Research and Development ( R D) helps in developing new products or modifying the existing products . h. Research not only establishes relationships between different variables in each of these functional areas, but also between these various functional areas. i. Research is a must in the production area. j. The purchase/material department uses research to frame alternative suitabl e policies regarding where to buy, when to buy, how much to buy, and at what price to buy. k. Closely linked with production function is marketing function. Market research and marketing research provide a major part of marketing information which influences the inventory level and production level. Marketing research studies include problems and opportunities in the market, product preference, sales forecasting, advertising effectiveness, product distribution, after sales service etc., l. Financial institutions (banking and non-banking) have found it essential to set up research division for the purpose of collecting and analysing data both for their internal purpose and for making in depth studies on economic conditions of business and people. m. In the area of human resource management job design, job analysis, job assignment, scheduling work breaks etc., have to be based on investigation and analysis. 5.TYPES OF RESEARCH Research may be classified into different typ es for the sake of better understanding of the concept. Several bases can be adopted for classification such as nature of data, branch of knowledge, extent of coverage, place of investigation, method employed, time frame and so on. Depending upon use of research results i.e., whether it is contributing to the theory building or problem solving, research can be Basic or Applied. Basic research is called pure / theoretical / fundamental research. Basic research includes original investigations for the advancement of knowledge that does not have specific objectives to answer problems of sponsoring agencies. Applied research also called Action research, constitutes research activities on problems posed by sponsoring agencies for the purpose of contributing to the solution of these problems. 6. TYPES OF BUSINESS RESEARCH simple dichotomous classification of research is Quantitative research and Qualitative research / non-quantitative. Quantitative research is variables based where as qualitative research is attributes based. Quantitative research is based on measurement / quantification of the phenomenon under study. In other words, it is data based and hence more objective and more popular. Qualitative research is bsd on subjective assessmnt of attributes,motives,opinions,desires, preferences,behaviour etc. Resrch in such situation is function of researchers insights and impressions. According to the purpose/aim/objective of the research, the research studies are known as. Descriptive Study: The major purpose of descriptive research is description of a person, situation, institution or an event as it exists. Generally fact finding studies are of this type. Exploratory Study:The information known on a particular subject matter is little. Hence, a study is conducted to know more about it so as to formulate the problem and procedures of the study. Such a study is called exploratory/ formulative study. 7. SOME IMPORTANT AREAS OF BUSINESS RESEARCH Management research Production (also called manufacturing) research Research in personnel management Research in Financial Management Accounting research Marketing research Business policy research 8. METHODS OF BUSINESS RESEARCH The researcher has to provide answers at the end, to the research questions raised in the beginning of the study. For this purpose he has to investigate and gather the relevant. The methods for obtaining the data for research can be described as: a. Survey Method b. Observation Method c. Case Method d. Experimental Method e. Historical Method f. Comparative Method 9. DIFFICULTIES IN BUSINESS RESEARCH IN INDIA In India, researchers in general, and business researchers in particular are facing several problems. This is all the more true in case of empirical research. Some of the important problems are as follows: a. lack of scientific training in the business research methodology is a major problem in our country. b. There is paucity of competent researchers and research supervisors. As a result the research results many a time do not reflect the reality. c. Many of the business organizations are not research conscious d. Decision makers do not appear to be very keen on implementing the findings of their R D departments. e. Small organizations which are the majority in our economy, are not able to afford a R D department at all. f. Many people largely depend on customs, traditions and routine practices in their decision making. g. The secrecy of business information is sacrosanct to business organizations. h. Difficulty of funds i. Poor library facilities a t many places. j. Many researchers in our country also face the difficulty of inadequate computer assistance. k. Delayed publication of data. i. Another difficulty in the research arena is that there is no code of conduct for the researchers. In spite of all these difficulties and problems, a business enterprise cannot avoid research, especially in the fast changing world of today. 10. RESEARCH PROCESS The business research process consists of a number of stages: Planning the research activity, execution of the plan and finally consolidation of the results of the research activity or reporting. important activities involved in the research process are listed below: a. Selection of a research problem or researchable area. b. Selection of research objectives c. Acquaintance with the current theory and knowledge and work done in that area. d. Formulation of research hypothesis. e. Selection of research design f. Selection of sample design g. Identification of the sources of data. h. Creation and construction of data collection instruments like Questionnaire, Schedules, Scales etc. i. Pre-testing of the instruments and their possible revision. j. Formal acquisition of data and information, through survey, observation, interview etc. k. Processing and analysis of the data l. Interpretation of the data and formal write up i.e., reporting. 11.RESEARCH PROBLEM Without a problem, research cannot proceed, because there is nothing to proceed from and proceed towards. Therefore, the first step in research is to perceive a problem either practical or theoretical. The recognition or existence of a problem motivates research. 12.Research Problems Areas If the researcher has a ready problem on hand, he/she can proceed further in the research process or else have to search for a problem. Research problem can be from any area like: a. Business Problems b. Day to Day Problems c. Technological Changes d. Unexplored Areas e. Theory of Ones Own Interest f. Books, Theses, Dissertation Abstracts, Articles g. Policy Problems h. Discussions with Supervisor and Other Knowledgeable Persons 13. How To Select a Research Problem a. The topic selected should be original or at least less explored. b. It should be of significance and socially relevant and useful. c. It should be interesting to the researcher and should fit into his aptitude. d. It should be from an area of the researchers specialization. e. It should correspond to the researchers abilities both acquired and acquirable. f. It should be big enough to be researchable and small enough to be handled the topic should be amenable for research with existing and acquirable skills. g. It should have a clear focus or objective. h. The feasibility of carrying out research should be checked. i. It should be completed with in the time limits permissible. 14. RESEARCH OBJECTIVES Having selected and specified the research problem, the next step is to formulate the objectives of research. Research is not for the sake of research. It is undertaken to achieve some thing. Thus, research is a goal-oriented activity. We have to identify the goal / goals to be achieved and they must be specified in order to give direction to the research study. 15. HYPOTHESIS Purpose of research is to find a solution to the difficulty. It is desirable that the researcher should propose a set of suggested solutions or explanations of the difficulty which the research proposes to solve. Such tentative solutions Formulated as a proposition are called hypotheses. 16. TYPES OF HYPOTHESIS Broadly, hypothesis can be divided into two categories namely, the research hypothesis also called null hypothesis and the alternate hypothesis. Null Hypothesis: It is an important concept that is used widely in the sampling theory. It forms the basis of many tests of significance. Under this type, the hypothesis is stated negatively. It is null because it may be nullified, if the evidence of a random sample is unfavorable to the hypothesis. It is a hypothesis being tested (H0). If the calculated value of the test is less than the permissible value, Null hypothesis is accepted, otherwise it is rejected. Alternate Hypothesis: Alternate hypothesis is usually the one which we wish to prove, it is a statement just opposite to null hypothesis and is usually indicated by H1.The alternate hypothesis is there to explicitly specify the relationship that will be considered true if in case the research hypothesis proves to be wrong. 17. CHARACTERISTICS OF HYPOTHESIS A hypothesis controls and directs the research study. When a problem is felt,we require the hypothesis to explain it. Generally, there is more than one hypothesis which aims at explaining the same fact. But all of them cannot be equally good. A good hypothesis should possess the following characteristics: a. A hypothesis should be empirically verifiable. b. A hypothesis should be relevant. c. A hypothesis must have predictive and explanatory power. d. A hypothesis must furnish a base for deductive inference on consequences. e. A hypothesis does not go against the traditionally established knowledge. f. A hypothesis should be simple. g. A hypothesis must be clear, definite and certain. h. A Hypothesis should be related to available techniques. 18. FUNCTIONS OF HYPOTHESIS If a clear scientific hypothesis has been formulated, half of the research work is already done. The functions of a hypothesis can be summarized in the following manner: a. It is a starting point for many a research work. b. It helps in deciding the direction in which to proceed. c. It helps in selecting and collecting pertinent facts. d. It is an aid to explanation. e. It helps in drawing specific conclusions. f. It helps in testing theories. g. It works as a basis for future knowledge.
Tuesday, December 17, 2019
The Issue Of Abortion On The United States - 1606 Words
As Sam Brownback once quoted, ââ¬Å"Unborn children do not have a voice, but they are young members of the human family. It is time to look at the unborn child, and recognize that it is really a young human, who can feel pain and should be treated with care.â⬠In America alone, more than half of pregnancies among American woman are unintended, and about seven out of ten of these 500,000 unintended pregnancies are terminated by abortion each year in America. In todayââ¬â¢s modern American culture, many consider an unborn fetus a non-life form; however, an unborn fetus possesses many, if not all, characteristics of life. The issue of abortion in the United States has been one that has courted controversy and created a public, ethical, and moral division in our American society and culture. Different opinions and views on this contraceptive subject has brought on multitudinous moral and ethical arguments. Morally, many people in our modern culture believe that if the mother of the unborn child has certain mental issues or health issues, it is suitable for that mother to terminate the life of her unborn child for the better health of the baby and for the mother herself. However; once an unborn fetus is aborted, the symptoms after an abortion have long-term and lasting impacts on the mother that can worsen the mother s health and mental stability. After an abortion, many mothers have experienced extreme sadness and anger, periods of long-term depression and regret, and some haveShow MoreRelatedThe Issue Of Abortion On The United States Essay1280 Words à |à 6 Pagespaper is the issue of Abortion, My thesis in this paper is to analyze the history of abortion in the United States prior to the Roe vs. Wade decision and afterwards, and to demonstrate the ways in which our two major political partiesââ¬â¢ views on this issue have shifted over time along with the publicââ¬â¢s view on the issue. Abortion has been practiced for most of human history. The ancient Greeks and Romans practiced it, although not all ancient thinkers had the same views on abortion. Ancient GreekRead MoreAbortion: An Issue that Should Be Revised in the United States561 Words à |à 3 PagesThe United States of America grants its people a right that is now being challenged by a portion of the country. Abortion is an issue that has divided the country in two. Pro-life supporters demand for the criminalization of abortions while pro-choice supporters advocate for womens continuation of their rights. I believe that the government should not play a role in the choice of women to get an abortion. Last summer, I spent two weeks in a Christian overnight stay camp. I met numerous uniqueRead More Restrictions On Abortion Essay1742 Words à |à 7 PagesThe Restrictions on Abortions: Post-Roe Cases, Legislation, and Societies View Since 1973, when Roe verses Wade was decided, there have been several restrictions made to a woman?s right to obtain an abortion. These restrictions have come from several different angles and from a conservative ideological background. The restrictions that have been made to Roe v. Wade have come from other Supreme Court cases that were argued after 1973 and from State and Federal Legislation; which, ultimately, mustRead MoreA Brief Note On Euthanasia And Pro Life Essay802 Words à |à 4 PagesPROBLEM DESCRIPTION Abortion is commonly practiced in many countries including the United States and has been practiced throughout most of the world ((Henshaw, S., et al. (2008). Abortion is one of those subjects that people for different reasons are passionately for or against (abortionist vs pro-life). 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It is the termination of a human pregnancy, which is often performed during the first twenty-eight weeks of pregnancy. The topic of abortion seems to be a major issue in todays time. There are many people who are for it and many people who are against it. Religion has a lot to do with the side that people take on this issue. Many people see abortion as committing murderRead MoreThe Controversial Issue Of Abortion1555 Words à |à 7 Pagestopic of abortion in the United States has been and remains one of the most controversial issues in western culture and politics. An abortion can be defined as the expulsion of a fetus from the uterus before it can survive on its own. This comprises two major forms of abortion: spontaneous, which is ofte n referred to as a miscarriage or induced abortion, which is the deliberate termination of a pregnancy. The term is commonly used to refer to the induced abortion, and this is the abortion, which hasRead MoreEssay on Should Abortion Be Determined by the State or the Mother?1414 Words à |à 6 PagesHomework #2: History and overview of the Policy Issue Should Abortion be determined by the State or Mother? Abortion has been one of the most controversial topics in America. Abortion is defined as the deliberate termination of a human pregnancy, most often performed in the first 20 weeks of the pregnancy. Abortion is when the pregnancy is ended to prevent child birth. The pregnancy is taken out of the uterus of the women by medical abortion which involves taking medicines to causeRead MoreAbortion Should Not Be Legal Essay1596 Words à |à 7 Pages Abortions have been performed on women for thousands of years. Abortion is the deliberate termination of a human pregnancy. Most often it is performed during the first 20 weeks of being pregnant. The controversy over whether or not abortion should be legal continues to divide Americans till this day. An important landmark case was the Roe v. Wade case, where the Court argued that the zone of privacy was broad enough to encompass a woman s decision whether or not to terminateRead MoreAbortion Should Go Back to Being Illegal in the United States1239 Words à |à 5 Pagesthan 30 years, the United States has been separated over the issue of abortion. Abortion is the deliberate killing of the most innocent nature among us, babies whom are not yet born. In 1973, abortion was legalized in the United States via the famous court case of Roe vs Wade. Roe was a single and pregnant woman who was fighting the state of Texas where the law stated she was not allowed to get an abo rtion. Roe won the case and abortion was legalized. Even though millions of abortions have been performed
Monday, December 9, 2019
Corporate Strategy Formulation and Implementation â⬠MyAssignmenthelp
Question: Discuss about the Corporate Strategy Formulation and Implementation. Answer: Introduction: A sustainable competitive advantage happens when an entity outperforms its competitors by having a quality or set of additional qualities. This generally happens in the monopolistic market where there exists competition in the market. In simple words it can be explained as something that places an entity or an individual above its competitors These characteristics can include access to materials or substances occurring in nature or access to having highly trained staff or workforce(Amadeo, 2017). Competitive advantage is a key source of high performance, and ensures better standing in the market place. Performing better than the competitors is the ultimate goal of the organization as higher profits leads to higher position goodwill in the market. This will also give an advantage to become the leader in the market How an industry outperforms depends upon its nations competitiveness. The firms excel and perform better than its competitors just because of pressure and challenge. They get financial reward from having challenging home based suppliers and domestic rivals. Current competitive advantage is rapidly changing. Corporate Entrepreneurship is no doubt a risky proposition. New segments set up by existing business face challenges in accepting the market conditions. The unique features face the following challenges i.e. emerging business usually lack hard data, financial forecast are also undependable . The third challenge is poor fit between new businesses and old system. New ventures normally operate in highly ambiguous environment, so a strategy should be developed by trial and error. Competitive Advantage can be better explained with the help of a diagrammatic representation: Main aspects of Competitive Advantage: The competition between two existing sellers in the market Likely threat of New entrants Threat of Multiple substitutes available for one product Negotiation done by the consumer(Porter, 2008) Negotiation done by the suppliers/vendors Key Success factors and Competitive Advantage: Key success factors are the majorly the areas, where better performance and high profits will make it certain that competitive advantage can be achieved and can result into individual growth and business excellence. There is no organization which can afford to make a strategy which fails to pay heed to the principal factors, which play the main role in determining the success of the organization(Porter, 2011). Also a company must develop accomplishments on its industry key features, if it has to be a leader in the market. A core competency mainly covers: Focus on customer benefit It is hard for competitors to compete Building products with new design and technology(McGranth, 2013) It is clear in todays world that if the company is not proficient in one particular activity it can outsource the same so that the business performance does not suffer. For example in the automobile Industry lets take an example of Volvo which focuses on safety as its core competency, so it will keep its focus on research and development of high safety components. It can be illustrated with diagram: Good Sustainability practices help companies gain competitive advantage. It is a very old saying that if you dont have competitive advantage dont compete Jack Welch Why companies like Apple and Mitsubishi are so successful in the modern era? It resolves issues and alternatives Stakeholders are better performers Top management to guide and help in decision making Effectiveness of strategy implementation Lets quote an example to explain competitive advantage better: There are two players in the market who makes cup cakes i.e. classic and Nic bakers. Classic makes the cup cakes at the cost of Rs 25 and sells it for Rs 100, while Nic makes the cup cake at the cost of Rs 60 and sells it for Rs 120. Classic earns more than Nic and uses better ingredients to make the cup cake i.e strategies that both follow are different. Hence it is very clear from the above situation that Classic would get more customers and earn more profits than the competitor(Coles, 2003). Why might Organic (or Internal) development be recommended as an appropriate method for strategic development? Organic Growth Strategy implies increasing company performance and profits using its own power and resources. This methodology is slower than other processes, but incurs less cost comparatively. This method is beneficial for small enterprises that want to widen their business but dont have large amount of funds/capital to expand(Riley, 2010). Internal Development states, strategic considerations developed and articulated for expanding various segments of the business. An enterprise develops its own strategy to up sell in the market. Benefits of Internal Growth strategy It helps the business to grow at a uniform rate Funding options are more easier i.e. surplus profits can be used for expansion It is less risky The higher the market share, the more easier it can control the price of its products It is relatively low in price(Johnson., 2008) Better control and co-ordination Risks associated with Internal Growth Strategy Restructuring is the missing element Takes more time to achieve growth Likely to lose capital investment Slow growth Difficulties in building market share i.e. where firm is already a leader Here are some examples of businesses that have flourished with Internal Growth: Dominos a leading Pizza seller have flourished its business by opening multiple outlets in every city. Also no of Pizzas sold during the day have increased as it serves quality and also at a cheaper rate than other competitors in the market(Bowhill, 2008). Apple, as one of the most valuable brands in the world has adopted intensive strategies to excel in the market. It has developed wide range of new products like I-Pad to develop and expand worldwide An Ice-cream maker Mackies of Scotland has increased profits of the organization and expanded its business to other countries basis Internal Growth Strategy. The strategies used by the biggest Ice-cream seller are stated below: Introduction of New flavors in the market Increased Investment in Infrastructure(Evans, 2015) Selecting best market route for expansion Achieving operational efficiencies and cost benefit through procuring economies of scale Because it is a niche market, higher price can be charged Risks involved in making it a success: Slow growth and expansion due to limited resources Time consuming in building substitutes of products Lack in targeting better focused customers Lack of highly skilled staff Michael Porter a graduate of Harvard University, wrote a book on different strategies that can help in gaining competitive advantage in the year 1985. All firms can make use of these approaches i.e. whether Product Based or Service Based. He named the strategies as Generic Strategies. Listed below are the major strategies encountered in the business: Discuss the contrasting characteristics and objectives of a Cost Leadership Strategy and a Differentiation Strategy? Characteristics and Objectives of a Cost Leadership Strategy and Differentiation Strategy The terminology Cost leadership was introduced by Michael Porter and utilized in building up business strategies. Cost leadership basically means lowering the per unit cost of operation (i.e. production cost) in order to achieve competitive advantage(Hitt, 2016) and reduce production cost below the industry average. Ways in which cost can be controlled: Control Cost drivers: Cost can be controlled by driving down the cost of various activities to be performed. It also includes effectively working on the cost segments, by performing better than its competitors. Revive Value Chain: Making new innovations in building new products, improving technology, using low cost material can help to revamp Value chain (Hiriyappa., 2013) Differentiation strategy is a way under which an enterprise proposes to build and sell unique products in the market for different segments of customer. This strategy helps those enterprises who can afford expensive advertising campaign. Steps taken to build a successful Differentiation Strategy: Scientific Research with best features: Successful adoption of new methods and programmes through detailed research and marketing strategies will help in successful business Skilled and Innovative Workforce: When a company has intellectual and innovative workforce it can help in winning the customers and develop new products Better sales force: If the strategies adopted by the company are in synchronization, and the sales executives are able to explain their products in a better manner Goodwill: When an enterprise has better goodwill in the market and can showcase its products better than its competitors then it is a win-win in situation for the company(Ireland, 2008). Focus Strategy as the name suggests, keeps its centric point on Specific group of customers rather than focusing on everyone. Its main need is Customer satisfaction and improvement in already existing products which can help in improving their daily lives. Feedback is taken from the customers from time to time. Cost Leadership Strategy and Differentiation Strategy can be better explained with the help of a diagram: Michael Porter, who established these competitive strategies, has explained it very well which strategy to opt for as per ones business requirements. A cost leadership strategy focuses on price parameter. The main goal to adopt this strategy is to become a leader in the market i.e. having maximum share across the industry Differential strategy on the other hand focuses on building new products in the market which can be differentiated from competitors products i.e. should vary in features, technology, and customer service and distribution channels So to conclude Porter suggested that both the strategies are equally effective and serves the organization at its best but choosing the right kind of strategy should be the main objective. An enterprise should hang in the middle i.e. in order to generate huge profits its builds products which are cost effective and neglects the other things which are required to make an organization successful. The situation can be well explained with the help of the diagram: Refer to the matrix attached to explain the cost leadership vs. differentiation strategy. In the matrix if we refer to the 4th cubicle i.e. cost leadership it explains market leader position in the market. This can be adopted by an organization where cost effectiveness plays an important role. With time as the company matures, this strategy can give company under performance so in order to survive in the market an enterprise should replace with better technology and scrap old material and assets. In cube 2 which is a combination of low cost and high differentiation is another substitute. If an organization has low production cost and high degree of differentiation, then it can achieve high share of profit margins having the benefit of low cost. Other scenario in the same situation is if the company is not the market leader in cost but provides differentiated products then it can win if its customers are willing to pay more for the Value added product. The major drawback of this situation is over a period of time when premium customers tend to shift to low priced products, then this strategy cannot fit in the existing environment Where the above two strategies fail it can be replaced with cube 1 i.e. Market Niche, where the company focuses of single segment or product, with high cost and differentiated from all the other substitutes available in the market. This strategy is mainly fruitful for businesses who can afford high cost. For example car manufacturers i.e. Volkswagen, Porsche How do Porter (1980) and Bowman (1995) differ in their view on combining these approaches to competitive strategy? The main purpose of a cost leadership strategy is to achieve low production cost per unit, thereby obtaining advantage over other competitors in the industry. Adopting such strategy results into offering best featured product to the customer at low cost as per his/her needs or requirements. This helps a firm in maximizing its profits and become a market leader in the industry. This can be explained with the help of an example i.e. there are 4 major players in the market providing tariff packs, Data packs and other recharge options to the customer. Seeing from the customer prospective, he would prefer a product which has the quality network and the one which is provided at low cost and maximum benefits. Companies adopting cost strategy should not forget the other key factors which play an important role in order to survive i.e. product quality, design service etc There are many risks interlinked with this strategy i.e. while focusing on cost per unit at times company forgets about the technology, new innovative methods to be adopted which will result in eradication of all savings done in the product to become the market leader. For example Ola Cabs vs. Taxi. The customer preferences and tastes keeps changing with time so in order to be successful one must adopt the principle of winning the customer On the other hand differentiation strategy main aim lies in building products with multiple qualities, which are well considered by the customer, keeping in mind the uniqueness of the product. Differentiation strategy focuses more on customer demands and choices and builds a product from customer prospective. Companies following differentiation strategy invest more in a product and makes product keeping in mind the priorities of the customers needs. For adopting this strategy lot of research and development is required so that at the end, the results are good. Example of Differentiation strategy is Volkswagen a car manufacturer. To adopt this strategy a company should have a good reputation and existence in the market place. A recent framework developed states that, one should adopt single strategy at one time (as Porter explains) do not get stuck in the middle. Whereas Bowman puts pressure on Hybrid strategy which is a combination of perceived added advantage and gaining market share The major drawback of this strategy is at times focusing on customer needs can lead to lose sight of cost development Porter likely is of the point of view that both the strategies cannot be adopted at same time as this would result in reduced performance and higher costs. He entreats that companies should compete either on price or differentiated product. For example Reliance Gio or Patanjali with cost effective products and on the other hand Harley Davidson/Audi with differentiation strategy In order to combine both the strategies strong emphasis should be on both delivering unique quality products and low cost products. Implementation of both the strategies all together will lead to better organizational performance and business excellence Conclusion: Hence we can conclude that we can simultaneously adopt two strategies which are termed as Hybrid strategy. This strategy depends on the ability to deliver best quality products with cheaper cost also. It will help in attaining sufficient margins for re-investment and maintain a good place in the market. In the era of global competition this strategy is best suited for organizations. Under exceptional circumstances, a hybrid strategy can be adopted as agreed by Porter. Yet Bowmans strategy fails to survive in these conditions. Also it can be supported that Bowmans model is biased on gaining maximum market share Thus competitive advantage states that over- performance from other competitors in the market with better features to compete within the industry. So in order to have stable sustainable development one needs to come up with new ideas to survive for long term within the industry. Bibliography Amadeo, K., 2017. thebalance.com. [Online] Available at: https://www.thebalance.com/what-is-competitive-advantage-3-strategies-that-work-3305828 [Accessed 10 May 2017]. Bowhill, B., 2008. Business Planning and Control: Integrating Accounting, Strategy. Coles, C., 2003. The Ultimate Competitive Advantage. Evans, N., 2015. Strategic Management for Tourism, Hospitality and Events - Page 378. New York: Cenagge. Hiriyappa., 2013. Corporate Strategy Formulation and Implementation Process. Hitt, M., 2016. Strategic Management: Concepts: Competitiveness and Globalization. Ireland, D., 2008. Understanding Business Strategy: Concepts and Cases - Page 100. Jakson, S., 2007. Managerial Accounting: A Focus on Ethical Decision Making - Page 478. Johnson., 2008. Exploring Corporate Strategy: Text Cases, 7/E - Page 348. London: Springer. McGranth, R., 2013. The End of Competitive Advantage: How to Keep Your Strategy Moving. London. Porter, M., 2008. Competitive Advantage: Creating and Sustaining Superior Performance. Porter, M., 2011. Competitive Advantage of Nations: Creating and Sustaining Superior. New York: Springer. Riley, J., 2010. QA - Explain organic or internal growth. [Online] Available at: https://www.tutor2u.net/business/blog/qa-explain-organic-or-internal-growth [Accessed 10 May 2017].
Monday, December 2, 2019
The Metamorphosis Gregor Was An Unselfish Person Essay Example For Students
The Metamorphosis: Gregor Was An Unselfish Person Essay Gregor was the most unselfish person in The Metamorphosis. This characteristic shows with his dedication to his work. He was the only family member with a job, believing he was the only one capable of it. Sacrificing his social life for his work, he had no friends at work, and never went out at night. His only hobby was fretwork, sitting alone in his room. The only person he was ever intimate with was his sister Grete. His devotion to his work was remarkable. In all of the five years he had worked for his fathers creditor, he had never once been absent. Always ready to go out on his rounds as early as possible, he never took advantage of time for a break. By the time he got back, the other employees were still eating breakfast. Under the belief that he was the sole provider for the family, Gregor took up a job with his fathers creditor, before even consulting his family. We will write a custom essay on The Metamorphosis: Gregor Was An Unselfish Person specifically for you for only $16.38 $13.9/page Order now They, at the time, were of course impressed. The flat they were living in was chosen by Gregor. Making enough money, he hired a cook and servant. He was even thinking of sending Grete to the conservatorium to further enhance what he believed to be musical talents. Even after his metamorphosis, he never asked for much. Showing his concern for others wellbeing, he hid under the couch so as not to disgust anyone by his sight. Although they brought him food everyday, he barely ate any of it. He even wished he were not such a burden on the family, and that he could have transformed back into his old self. All of the actions mentioned above displayed Gregors unselfishness. After his metamorphosis, nobody indicated they were grateful for what he had done. After his first absence, the chief clerk himself appeared at Gregors house to see what was the matter. When Gregor did not open his door, the chief clerk accused him of stealing the companys funds, and degraded him in front of his parents as being insubordinate. After the transformation, Gregors father gave little or no love or support. Instead, he had hurt Gregor many times while ushering Gregor back into the room. Grete and her mother do, for some time, show a little support. After having Gregor around for a while however Grete asserted that they should somehow get rid of him. At this point, Gregor realized that his family no longer loves him, and gave up on life. Although Gregor did aid his family in a critical time of need, they hardly acknowledged this fact after his transformation. They never even tried to understand him. For the past five years, he provided for his family, and when he needed them, they did not care. After his metamorphosis, they all got jobs, something Gregor thought they were incapable of. After his death, they moved out of the flat, which was too expensive for them, leaving all of their memories, starting anew without him. Category: English . The Metamorphosis Gregor Was An Unselfish Person Essay Example For Students The Metamorphosis: Gregor Was An Unselfish Person Essay The Metamorphosis: Gregor Was An Unselfish Person Essay Gregor was the most unselfish person in The Metamorphosis. This characteristic shows with his dedication to his work. He was the only family member with a job, believing he was the only one capable of it. Sacrificing his social life for his work, he had no friends at work, and never went out at night. His only hobby was fretwork, sitting alone in his room. The only person he was ever intimate with was his sister Grete. His devotion to his work was remarkable. In all of the five years he had worked for his fathers creditor, he had never once been absent. Always ready to go out on his rounds as early as possible, he never took advantage of time for a break. By the time he got back, the other employees were still eating breakfast. Under the belief that he was the sole provider for the family, Gregor took up a job with his fathers creditor, before even consulting his family. We will write a custom essay on The Metamorphosis: Gregor Was An Unselfish Person specifically for you for only $16.38 $13.9/page Order now They, at the time, were of course impressed. The flat they were living in was chosen by Gregor. Making enough money, he hired a cook and servant. He was even thinking of sending Grete to the conservatorium to further enhance what he believed to be musical talents. Even after his metamorphosis, he never asked for much. Showing his concern for others wellbeing, he hid under the couch so as not to disgust anyone by his sight. Although they brought him food everyday, he barely ate any of it. He even wished he were not such a burden on the family, and that he could have transformed back into his old self. All of the actions mentioned above displayed Gregors unselfishness. After his metamorphosis, nobody indicated they were grateful for what he had done. After his first absence, the chief clerk himself appeared at Gregors house to see what was the matter. When Gregor did not open his door, the chief clerk accused him of stealing the companys funds, and degraded him in front of his parents as being insubordinate. After the transformation, Gregors father gave little or no love or support. Instead, he had hurt Gregor many times while ushering Gregor back into the room. Grete and her mother do, for some time, show a little support. After having Gregor around for a while however Grete asserted that they should somehow get rid of him. At this point, Gregor realized that his family no longer loves him, and gave up on life. Although Gregor did aid his family in a critical time of need, they hardly acknowledged this fact after his transformation. They never even tried to understand him. For the past five years, he provided for his family, and when he needed them, they did not care. After his metamorphosis, they all got jobs, something Gregor thought they were incapable of. After his death, they moved out of the flat, which was too expensive for them, leaving all of their memories, starting anew without him. English .
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