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Tuesday, August 25, 2020
Advanced Financial Reporting Essay Example | Topics and Well Written Essays - 2000 words
Progressed Financial Reporting - Essay Example Another method of accomplishing development is through Merger and Acquisition (condensed as M&A). The previous is additionally known is natural development where the firm uses its own assets (held profit, stores and overflow, or value capital) for financing development. The later is otherwise called inorganic development where the acquirer firm purchases the advantages and liabilities of the target(s) as on a given date (Sherman, 2010, p.1). In this way, M&A are outside development technique that picks up ubiquity basically because of globalization. It has become a significant a significant route for firms to extend their item portfolios and increasing new markets. M&A likewise encourages the firmââ¬â¢s to procure information, most recent innovation and improved administration abilities. Likewise, M&A has been seen as amazingly effective for explicit segments like pharmaceuticals where broad Research and Developments are required. Research and development doesn't j ust require enormous capital venture yet additionally requires information in applicable territories with the goal that the objective item stays equipped on worldwide scale (Kumar and Yadav, 2005, pp.51-63). The primary thought process in any M&A is to encounter a cooperative energy in existing tasks just as productivity of the organizations. In any case, it is additionally critical to take note of that not the sum total of what M&A have been fruitful previously and in this way some neglected to augment esteems prompting gigantic capital misfortunes (Frensch, 2007, pp.48-49). In July 2013, TD Travel of Cheshire gained Hotel scene, the lodging booking office of Bristol and thusly made another substance by rebranding called Corporate Travel International. The consolidated element is relied upon to help incomes for both the organizations to more than ?100 million and furthermore utilize in excess of 160 staff across various units. Regarding the above late obtaining, the goal of this investigation is to examine with reasons concerning why such business blend has occurred and furthermore clarify the likely results or issues that the organizations may look in future. Merger and Acquisition Strategy As on July 12, 2013, TD Travel finished the securing of Hotel Scene. The acquirer for this situation is TD Travel where as the obtained is Hotel scene. The arrangement was money and supported by private value venture firm LDC. The obtaining is relied upon to make one of the biggest and autonomous corporate travel and booking operator substance of UK. The organizations have chosen to re-brand the consolidated business into Corporate Travel International. It is likewise expected that such M&A will make a cooperative energy that can help the incomes of the new joined business substance of more than ?100 million. The organizations are additionally hoping to utilize more than 160 staffs in various branches situated across London, Liverpool, Wilmslow, Bristol, and H ull. From the official statement of the organization it was discovered that the chief of LDC is idealistic about the M&A and has suggested the arrangement. He additionally accepts that the supervisory group of TD Travel is exceptionally experienced and roused and in this manner holds gigantic potential to take the new substance to the following degree of animating development direction. With respect to financing of the arrangement, a bundle of working capital and senior obligation offices was given by Lloyds Banking Groupââ¬â¢s Finance and Acquisition group. The exchange was essentially driven by Relationship Director of TD Travel, Richard Townsend. The obligations of lead administrator and warning of the arrangement was given to BDO LLP which is additionally one of the most rumored Accountancy and Business
Saturday, August 22, 2020
The Tata Simulation
Prologue To continue item esteem and market nearness, business administrators create key market choices utilizing diverse money related models (Chang Weng, 2012). Utilizing Tata reproduction, Quasarââ¬â¢s administrators can build up a fruitful advertising technique. The reenactment game gave genuine tests in different market structures. Accordingly, the recreation game will improve a firmââ¬â¢s advertise decision.Advertising We will compose a custom evaluation test on The Tata Simulation explicitly for you for just $16.05 $11/page Learn More The intuitive reproduction game gives business knowledge in a market domain (Chang Weng, 2012). Therefore, business speculators can comprehend showcase drifts in a monopolistic, oligopolistic, and immaculate market structures (Dibb, 2002). The recreation game impacts item request and builds benefit. Thus, Quasar can improve its upper hand utilizing reenactment games. Restraining infrastructure We will consider different market structures to comprehend the significance of the recreation work out. The highlights of restraining infrastructure advertise incorporate homogenous items, showcase predominance, and value system. Accordingly, the highlights of imposing business model market impact item request. Let us consider the cost system of $2500 to build advertise benefit to $1.29 billion. In this manner, at the purpose of crossing point, the peripheral expense of the item approaches the income. On the off chance that the companyââ¬â¢s financial specialists need to augment benefits through extension, notice spending plans must be affirmed (Jedidi, Mela, Gupta, 1999). Thus, yearly financial plan for commercials will increment by 200%. By count, 7.7 million units of the items will produce the foreseen income. The expansion in the expense of ads will impact item request. In the subsequent situation, we examined the impacts of the creation procedure on request. Accordingly, an effective creation procedure will build the day by day creation rate. Subsequently, we will build benefit on the off chance that we produce 9.4 million units at $2200 (Rothaermel, 2012). The recreation game uncovered that promoting is a powerful advertising methodology. Along these lines, advertising patterns decide the adjustment in technique and creation. From the above situation, we can derive that commercials make item mindfulness better than other promoting factors. Along these lines, item elements can be improved through notices (Porter, 2012, 2013). In any case, the firmââ¬â¢s creation procedure can be overhauled in two different ways. To begin with, we could build creation data sources, for example, gear and crude materials. For instance, redesigning creation plant from manual to advanced would improve the creation limit of the organization.Advertising Looking for appraisal on business financial matters? We should check whether we can support you! Get your first paper with 15% OFF Learn More Thus, more items will be c reated to produce benefit. Second, we could update employeeââ¬â¢s productivity to decrease squander (Chang Weng, 2012). Subsequently, worker preparing will expand the effectiveness of the creation office. Oligopoly We will investigate the significance of the reproduction practice in the oligopoly advertise structure. The market structure faces comparable items and serious value system. Subsequently, must secure its stock an incentive to expand request. Along these lines, bringing down the cost of a substitute item, the organization will pull more clients to build benefits. Item separation can be accomplished through cost initiative. Along these lines, cost initiative is a factor that causes obstructions for new participants. Past investigations uncovered that customerââ¬â¢s esteem affected the interest for a specific item. Along these lines, we can change the interest for a specific item utilizing comparable market standard. For instance, client criticism can be utilized to ge t to the nature of the item or administration. Be that as it may, a decrease in client connection will influence the firmââ¬â¢s upper hand. The oligopoly showcase structure has subbed items that decline the relative favorable position of an association. In this way, value audit and item quality will improve the upper hand of the firm. The recreation game gives significant data to benefit boost. Thus, consumer loyalty can be improved utilizing cost initiative methodology and administration input. Flawless rivalry An ideal market structure requires the key coalition. Subsequently, a firm will lose its similar preferred position if the interest diminishes. Along these lines, vital venture is a main consideration that impacts benefit augmentation (Kotler Keller, 2009). In an ideal market, the expense of notices doesn't influence request. In this manner, client worth and fulfillment will improve item request (Noble Kumar, 2008). The highlights of the ideal market structure incorporate homogenous item, new participants, zero speculations, and market elements. Thus, value separation won't influence item request. The recreation practice uncovered that viable activities, inspiration, client relationship, corporate citizenship, and great business morals improve the estimation of a firmââ¬â¢s item. Therefore, purchasers realize the market patterns and condition. In an ideal market structure, clients control the interest for a specific item or administration. In this way, administrators can improve client relations to create benefit. Client the executives must be moved up to reflect showcase patterns. A fulfilled customer will return for a similar item or service.Advertising We will compose a custom appraisal test on The Tata Simulation explicitly for you for just $16.05 $11/page Learn More Conclusion The recreation practice represents the advantages of vital market data (Grant, 1991). Therefore, benefit boost relies upon the promoting technique. Business officials can plan the promoting theatrical utilizing key reenactment works out. Accordingly, vital showcasing and tasks decide the upper hand of an association (Grant, 1991). The recreation game uncovered the significance of business systems, and item esteem. From the investigation, we uncovered that union, framework update, client esteem, brand esteem, item separation, and value system impacts benefit boost. Subsequently, organization administrators must overhaul their foundation to line up with advertise patterns. References Chang, W. Weng, S. (2012). Returning to client esteem by guaging e-administration use. Diary of Computer Information Systems, 21(1), 41-49. Dibb, S. (2002). Promoting arranging best practice. The Marketing Review Journal, 2(1), 441-450. Award, M. (1991). The asset based hypothesis of upper hand: Implications for technique plan. California Management Review, 33(3), 122-345. Jedidi, K., Mela, F., Gupta, S. (1999). Overseeing publicizing and advancement for since a long t ime ago run productivity. Advertising Science Journal, 18(1), 1-22. Kotler, P. Keller, L. (2009). A structure for advertising the board (fourth ed.). Upper Saddler, NJ: Pearson Education.Advertising Searching for evaluation on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Find out More Respectable, H. Kumar, M. (2008). Utilizing item configuration deliberately to make further customer associations. Business Horizons, 51(2), 441-450. Doorman, M. (2012). The five serious powers that shape methodology: In HBRââ¬â¢s 10 must peruses on technique. Financial matters Journal, 7(1), 537-560 Porter, M. (2013). The five serious powers that shape system. Cambridge, USA: Harvard Business Publishing Video. Rothaermel, F. (2012). Vital administration ideas. Irwin, USA: McGraw-Hill. This evaluation on The Tata Simulation was composed and put together by client Mikayla Cline to help you with your own examinations. You are allowed to utilize it for research and reference purposes so as to compose your own paper; notwithstanding, you should refer to it likewise. You can give your paper here.
Tuesday, August 4, 2020
Metaphor of the Month! Spartan Richmond Writing
Metaphor of the Month! Spartan Richmond Writing Lets continue the Peloponnesian fun with another word from Ancient Greece, in fact, from Laconia that gave us last weeks laconic. Sparta was, of course, one of the most powerful Greek city-states. Yet why did a friend describe a minimalists house as Spartan? How did the virtues espoused by Marie Kondo align with those of King Leonidas? Its clearly a metaphor associated with not having a lot of stuff / bare bones / austere / reduced to essentials. A look at the culture of ancient Sparta yields a lot of good information on Spartan values: hierarchy, simplicity, a militant orderliness for all things. The OED dates this sense of the adjective to the 19th Century, for frugality or brevity (as in a laconic reply). Since this is still Sparta at our blog, or at least a pretense of it, Ill end there. Please send us words and metaphors useful in academic writing by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below. See all of our Metaphors of the Month here and Words of the Week here. Marie meets Leonidas, courtesy of Photoshop.
Saturday, May 23, 2020
Data Protection Laws - Free Essay Example
Sample details Pages: 4 Words: 1064 Downloads: 9 Date added: 2017/06/26 Category Information Systems Essay Type Analytical essay Tags: Information Essay Did you like this example? Introduction (Suggestion only) Data means information which is being processed by automatically operating equipment in response to instructions given for a particular purpose. Data is also a part of a à ¢Ã¢â ¬Ã
ârelevant filling systemà ¢Ã¢â ¬Ã . Data is recorded with the intention that it should be processed by means of such equipment. Donââ¬â¢t waste time! Our writers will create an original "Data Protection Laws" essay for you Create order Data also is recorded information held by public authority. There are few other definitions on data which are data subject which means that any living individual who is the subject of personal data. Data user, the person who process or has control over or authorizes the processing of personal data. Data controller is those registered corporate body. Identification number Personal Data means any personal information in respect of commercial transactions, it relates directly or indirectly to a data subject. Besides, personal data includes sensitive personal data physical or mental health, political opinions, religious beliefs, offences or any other data as the Minister may determine. In a different view, personal data means data relating to a living individual who is or can be identified either from the data or from the data in conjunction with other information that is in, or is likely to come into, the possession of the data controller. Personal data are valuable to entities in profiling customer, direct marketing, and also for the purpose of fraudulent transactions. Personal data many be in any form like: Name Passport Phone number Photos Fingerprints DNA Social page Personal information It is important to note that, where the ability to identify an individual depends partly on the data held and partly on other information (not necessarily data), the data held will still be à ¢Ã¢â ¬Ã
âpersonal dataà ¢Ã¢â ¬Ã . Expression of opinion about the personal data shall mean any information relating to an identified or identifiable natural person or data Subject, an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his physical, physiological, mental, economic, cultural or social identity. The definition can be deliberately a very broad one. In principle, it covers any information that relates to an identifiable, living individual. However, it needs to be borne in mind that data may become personal from information that could likely come into the possession of a data controller. There are different ways in which an individual can be considered identifiable. A persons full name is an obvious likely identifier. But a person can also be identifiable from other information, including a combination of identification elements such as physical characteristics, pseudonyms occupation and address. Sensitive Personal Data refers to any personal data consisting of information as to: specifically to racial or ethnic origin, political opinions, religious beliefs, trade union membership, physical or mental health condition of a data subject, sex life, criminal convictions any other personal data determined by the Minister. The presumption is that, because information about these matters could be used in a discriminatory way, and is likely to be of a private nature, it needs to be treated with greater care than other personal data. In particular, if you are processing sensitive personal data you must satisfy one or more of theconditions for processingwhich apply specifically to such data, as well as one of the general conditions which apply in every case. The nature of the data is also a factor in deciding what security is appropriate. The categories of sensitive personal data are broadly drawn so that, for example, information that someone has a broken leg is classed as sensitive personal data, even though such information is relatively matter of fact and obvious to anyone seeing the individual concerned with their leg in plaster and using crutches. Clearly, details about an individualà ¢Ã¢â ¬Ã¢â ¢s mental health, for example, are generally much more à ¢Ã¢â ¬Ã
âsensitiveà ¢Ã¢â ¬Ã t han whether they have a broken leg. Many individuals choose to make their political allegiance public, for example by wearing badges or rosettes or by putting a sticker in their window. There is acondition for processing sensitive personal datathat covers information made public by the individual concerned. Religion or ethnicity, or both, can often be inferred with varying degrees of certainty from dress or name. For example, many surnames are associated with a particular ethnicity or religion, or both, and may indicate the ethnicity and religion of the individuals concerned. However, it would be absurd to treat all such names as à ¢Ã¢â ¬Ã
âsensitive personal dataà ¢Ã¢â ¬Ã , which would mean that to hold such names on customer databases you had to satisfy a condition for processing sensitive personal data. Nevertheless, if you processed such names specifically because they indicated ethnicity or religion, for example to send marketing materials for products and servi ces targeted at individuals of that ethnicity or religion, then you would be processing sensitive personal data. In any event, you must take care when making assumptions about individuals as you could be collecting inaccurate personal data. Various Roles Pertaining to Personal Data Protection Since computing power became a commercial reality, the value of data, especially in bulk, has escalated exponentially. Data today is a valuable asset on par with, and in some cases, far exceeding, hardware. With valuable data so easily transferable in this day and age, governments around the world have been compelled to move to protect individuals from the misuse or abuse of their personal information, especially from commercial exploitation. This is true also of ASEAN. In the first quarter of 2012, ASEAN was the most active region in the world for privacy developments. In keeping with global trends, ASEAN governments have begun to promulgate legislation in their respective countri es to protect the personal information. Malaysia, Singapore and the Philippines have all introduced laws to protect data, in particular, personal data. These laws have consequences beyond the boundaries of the individual countries as they also cover the transmission or export of personal data obtained within those countries. Knowledge of what can or cannot be done is crucial to avoid the extensive penalties imposed for breaches of the statutorily imposed duties. These front-runners and other ASEAN countries had previously all agreed to develop best practices and guidelines on data protection by 2015 as part of their commitment to establish an integrated ASEAN Economic Community à ¢Ã¢â ¬Ã¢â¬Å" the AEC à ¢Ã¢â ¬Ã¢â¬Å" by 2015. The indicators are clear. Data protection regulation in the region will increase in coming years. The ability to keep up with these changes may make à ¢Ã¢â ¬Ã¢â¬Å" or break à ¢Ã¢â ¬Ã¢â¬Å" business enterprises with regional ambitions.
Monday, May 11, 2020
Analyzing The Pros And Cons Of The Following Options
3. Provide a detailed analysis of the pros and cons of the following options a. Monitor forms a company-owned research division in India Pros Develop knowledge center in fast-growing emerging economy. Opening a knowledge center in India allows Monitor to gain a foothold in what is sure to be a significant economic contributor to the world economy in the coming years. Although the economy has slowed down recently, and the on-going problems of political corruption and poor infrastructure make business in India challenging, the long-term pull of a country with over 1/7 of the worldââ¬â¢s population is sure to remain. Developing this knowledge center gives Monitor the opportunity to continue to grow its presence in the region and participateâ⬠¦show more contentâ⬠¦Acquire the leveraged economics of thought leadership. The unique model of thought leadership would allow Monitor to develop research papers or models that it could resell to multiple clients. This dynamic produces far better economics than the selling-human-hours model as it is more profitable on a scaled basis. Since Monitor already has a well-estab lished base of clients with its consulting relationship, developing intellectual property it could sell to those clients and use to build out its client rolodex will serve to improve the notoriety of the firm. In addition to the profitability this model provides, it gives the firm a reputation for being a thought leader in the industry and could increase client pull if executed successfully. Cons Dilutes brand with possibly inferior work product. The downside to acquiring talent in an emerging economy is that in many cases that talent may not be able to product a work product that is on-par with expectations in countries where your client-base operations. While measures can be taken to improve quality ( increasing the number of employees + hiring only the top talent ), these measures will only serve to increase the costs of operating in this environment and undermine the primary driver for entering the country. Further, obtaining the right mix of cost and quality will require significant managerial oversight, which the firm may not have the bandwidth to provide. Profitability gains may not be achieved due toShow MoreRelatedEducation Standards: Common Core 786 Words à |à 3 Pagesthat they are learning. The Common Core should not be instigated because it compels teachers and students to change their learning and teaching methods which could have a major influence on their education. There are countless pros and cons to the Common Core. The following paragraphs will outline both sides. The Common Core allows students to be enhanced thinkers by sanctioning them to critically evaluate and make conclusions rather than memorizing the meaning of literary terms and characters (CameronRead MoreComputers1396 Words à |à 6 PagesAnalyzing the Use of Advanced Technology BUS 600 Prof. June 27, 2011 There is so much competition in the market today between companies. It has become necessary for companies to look into advanced technologies to continuously improve their communications within the organization and with external customers. Large organizations frequently face implementation of new technology or the upgrading of their existing technology, primarily to ensure their competitiveness in todays fast pacedRead MoreStrategies for Analyzing and Entering Foreign Markets2192 Words à |à 9 Pagesï » ¿Running Head: Strategies for Analyzing and Entering Foreign Markets Strategies for Analyzing and Entering Foreign Markets Strategies for Analyzing and Entering Foreign Markets Table of Contents Page No. Executive Summary â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦... 3 Introduction.â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 3 Foreign Market Analysis.â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.........4 How to Assess New Market Opportunitiesâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..4 Doing Cost Benefit Analysisâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.......6 Choosing Mode ofRead MoreWhole Foods Entering Foreign Market965 Words à |à 4 Pagesthe top 100 best Corporate Citizens. Business Proposal: This document outlines the possibility of Whole Foods expanding into the German Market. Considerations are explored in the realm of German Culture, the Organic Food market, Competitors, Pros and Cons, Entry and Exit Strategy, and Human Resources strategy to declare whether or not Germany is an appropriate fit for Whole Foods. Whole Foods Entering Germany: Successful Whole Foods CEO John Mackey, is quoted as saying If youRead MoreStarbucks : Delivering Customer Service1155 Words à |à 5 Pagesambience. Customers However, data from the market research team has shown that there is a shift on Starbucksââ¬â¢ brand recognition in customersââ¬â¢ perception, as indicated by the increase in the number of respondents who strongly agreed with the following statements (data 2000 and 2001 respectively): ââ¬ËStarbucks cares primarily about making moneyââ¬â¢ -- up from 53% to 61% ââ¬ËStarbucks cares primarily about building more storesââ¬â¢ -- up from 48% to 55% Exhibit 1, ââ¬ËThe Top Five Attributes ConsumersRead MoreStarbucks : Delivering Customer Service Essay1106 Words à |à 5 Pagesambience. Customers However, data from the market research team has shown that there is a shift on Starbucksââ¬â¢ brand recognition in customersââ¬â¢ perception, as indicated by the increase in the number of respondents who strongly agreed with the following statements (data 2000 and 2001 respectively): ââ¬ËStarbucks cares primarily about making moneyââ¬â¢ -- up from 53% to 61% ââ¬ËStarbucks cares primarily about building more storesââ¬â¢ -- up from 48% to 55% Exhibit 1, ââ¬ËThe Top Five Attributes ConsumersRead MoreStarbucks : Delivering Customer Service1149 Words à |à 5 Pagesor ambience. 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But while this can be good, it can also cause problems. The cons arise once there is too much command in a household. AlthoughRead MoreRobin Hood case questions1425 Words à |à 6 Pagesdoing. Name Position Responsibilities Robin Hood Director/ CEO Responsible for the main decisions of the group, delegating tasks and defining responsibilities to the managers. Will Scarlett Operational Manager Responsible for the intelligence, analyzing the opponent, checking their next moves and collecting information about the opponent. Little John Human Resource Responsible for maintaining discipline among members and quality of performed tasks. Scarlock Financial Manager Responsible for convertingRead MoreTarget Case Response To Questions.. 1. The Case Describes1446 Words à |à 6 Pagesand turns away from the institution. More importantly, the executive should strictly abide the law to avoid and breach of federal restrictions. 3. Consider the pros and cons of data mining from the corporate perspective and the customer perspective for managerial decision making. Use the table below to format the response. Pros Cons Corporate Perspective â⬠¢ Data-mining allows corporate to be more customer centric â⬠¢ Improve quality of marketing decisions â⬠¢ Expectations of customers are raising
Wednesday, May 6, 2020
The Impact of Mass Media Free Essays
President Abraham Lincoln delivered his infamous Gettysburg address dedicating the Soldiers National Cemetery at Gettysburg on November 19th, 1863. It was estimated 10,000 people attended the ceremony to observe the speech live and it was days before the message was read about in print. President Barrack Obama delivered his live State of the Union Address last January to an estimated 30 million television viewers at home while another 1. We will write a custom essay sample on The Impact of Mass Media or any similar topic only for you Order Now 3 million watched it online and it was only minutes after the speech was done that people were able to read about it in print. Mass media is printed and electronic means of communication that carry messages to widespread audiences. In the 21st Century United States, mass media products range from traditional newspapers and magazines, to radio, television, and internet. The internet has brought a whole new era of instant information to the media utilizing online social networks and live news outlets. In 150 years this Nation has gone from actually being on site to view something live to the ability to watch events live from the comfort of our own home. Where will we be in another 150 years? Although instant media is most times unfiltered, mass media has grown because of advanced technological means offering instant global reach while greatly influencing social changes. The Functionalism of Mass Media The functionalist perspective emphasizes the way in which the parts of a society are structured to maintain stability (Schaefer, 2009). So what is the purpose of the media? Mass media plays important roles in our everyday life. In addition to providing entertainment, news, and education, media products are also used to socialize and market. As a daily routine, many people today make use of mass media tools for various reasons such as socializing, gathering data, sharing information, and even escape. Television is a source of media that has a strong effect on society today. It is important to look at the influence of television because an average American who subscribe to cable TV watches over eight hours of television a day (Guillen, 2005). The medium of film is particularly suited to representing multiple perspectives through its ability to convey subjective experience. Film is also a medium with rich resources for conveying the sights, sounds, rhythms, and auras of a particular space and time, or what is called ââ¬Å"chronoscopesâ⬠ââ¬âthat is, ââ¬Å"time-space articulations, characteristic of particular, historically determined conceptions of the relations between the human, the social and the natural worldâ⬠. Further, the film medium is also well equipped to represent the multiscape complexity of globalization with its flows and disjunctureââ¬â¢s (Manning, et al. , 2010) The media increases social cohesion by presenting a common, more or less standardized, view of culture through mass communication (Schaefer, 2009). I believe we could all agree mass media provides valuable information which each individual uses for work or personal reasons. For example, many folks will watch the news on television or seek information via the internet daily to stay abreast of current events. As this paper is being written, a devastating earthquake and Tsunami recently struck Japan and now the country is trying to avert nuclear disaster. There is risk of nuclear power plants exploding and on the verge of meltdown. This in no way compares to the 9/11 attacks, but as fellow humans we are genuinely concerned for the well being of our neighbors to the Far East. Significant sporting events or sports entertainment such as the Olympics or the Superbowl are media tools used as a reason for people to gather and socialize with family and friends. The advertising moguls know this and also use these mass media events to market their products to millions of consumers. With the explosion of the internet and its global instant reach, new virtual societies have formed using websites such Skype, Twitter, and Facebook. These online tools are communities of people from all over the world meeting, make new friends, or catching up with old friends and family too in a web based portal. More and more people are beginning to live in a virtual reality world. While the privacy of these communities is often times criticized, the benefits of such media greatly increases social interaction. This theory also relays the message that the media is an enforcer of social norms (Schaefer, 2009). The mass media broadcasts information and television shows which reinforce social norms by pointing out the events that violate mores and folkways such as crimes and substance abuse. By doing this and not glorifying criminal behavior, the mass media can publicly emphasize the proper behaviors or formal norms to countless people. The Conflict with Mass Media Conflict theorists view the mass media as a means to reinforce divisions within a society which differs from the functionalist theory that mass media is used as a tool for social cohesion. Functionalist and conflict theorists would agree the mass media provides information, entertainment, and social outlets but where it differs is how much is provided and who decides what is transmitted (Schaefer, 2009). Gatekeeping is the process where material passes through a series of checkpoints before it reaches the audience. The media industry is funded by major businesses whose interests are the desire to maximize profits (Schaefer, 2009) and are shaped by these businessesââ¬â¢ agendas as well as the desires of the small group of individuals who control what eventually reaches the viewers. The community and the filmmakers have different expectations regarding content and control (Coffman, 2009) too. Quite often, the media is structured in such a way that certain minority interests or groups are simply neglected or used as stereotypes in television. The news inaccurately covers its communities by having most of its stories about violence. A University of Miami study of local television news found that the time devoted to crime varied between 23 to 50 percent even though violent crime in the city remained constant, involving less than one tenth of one percent of the population (Guillen, 2005). Often times one can watch the local evening news and hear more stories of violence in other parts of the Nation as well as other countries over good human interest stories in their local community. Technological advances of mass media products and communications offers many the opportunities for instant information, but not everyone gets to enjoy this though. There is a digital divide within the U. S. and especially global when compared to the U. S. How big is the ââ¬Å"global digital divideâ⬠? Less than 10 percent of the worldââ¬â¢s population uses the Internet. Statistics compiled by the International Telecommunication Union as of the end of 2002 indicate that Internet use as a proportion of the population ranges from less than one percent in many underdeveloped African, Central American, and South Asian countries to between 50 and 60 percent in Iceland, the United States, Scandinavia, Singapore or South Korea (Guillen, 2005). Because of these statistics, Americans are at risk of ethnocentrism if we donââ¬â¢t take this into account when associating with developing nations. Another area where Americas are at risk of being ethnocentric is when we overstress U. S. dominance (Schaefer, 2009) in the mass media. The Interactionism of Mass Media Interactionists generalize about everyday forms of social interaction in order to explain society as a whole. Our social behavior is conditioned by the roles and statuses we accept, the groups to which we belong, and the institution we belong to (Schaefer, 2009). This theory is similar to the other theories in that the media is a major source of daily activity. It is very similar to the funtionalist perspective in that it supports face to face interactions within society. This theory differs with the conflict theory where the interactionist looks for shared understandings; conflict theorists emphasize the differences of opinion or the struggle and the divisions within a society. Advances in technology probably play the biggest role within the Interactionism theory. The rise of the internet has facilitated new forms of communication and social interaction (Schaefer, 2009). One the internet alone, there are sites like Facebook that have gone global that fully supports social interaction. Another site like YouTube is another area where anyone can post a video of just about anything. The danger of the above mentioned sites is there is little control to what is put onto these sites. Children who are exploring the net or have little to no parental supervision could end up seeing much more than what a social norm would expect. The internet is the exception to centralization and concentration on media. Interactionists see a change in the way people share media and how they get their news versus their interest in it. Why wait for the evening news or even for breaking news on CNN, when Yahoo and Google are at your fingertips? (Schaefer, 2009). The internet is readily available for the user and is also the only media outlet that allows the average person to get an audience of millions if a post, or most likely a video, goes viral. According to hyperdictionary. com, a viral video is a video clip that achieves widespread distribution through online sharing. Interactionists play close attention to the use of symbols (Schaefer, 2009). Political leaders and entertainment figures use the media to control their images as symbols through public appearances called photo opportunities or ââ¬Å"photo ops. â⬠The underlying approach to a photo op is to pose the candidate (or the actor) with symbols of appealing values, in the hope that viewers will equate the two. In beer commercials these values can include the friendship symbolized by a welcoming group of guys in a bar. For a political candidate, the values could include patriotism or people where thereââ¬â¢s a candidate speaking with a U. S. flag as the backdrop or with his family or citizens of the community. Some movies engage their audience with alternative products to market the premiere or to promote continual interest in the movie. For example, the Shrek series construct global audiences as ââ¬Å"communitiesâ⬠of consumers who are able to participate in a film by purchasing the many products placed throughout or by playing the computer games and visiting the Web sites developed as part of the ââ¬Å"multimarket commercial intertextâ⬠of a given film (Manning, et al. , 2010). The Mass Media Providers Viewpoint. Media moguls and Webmasters perspective on the functionalist view of mass media is that it is a business, a big business. Large sums of money are generated by advertising on television, websites, magazines, etc. While maximizing profits (Schaefer, 2009) may be the foregoing reason for the mass media from the individuals who are a part of the institution, I believe there are other roles the media providers take on too. Because of the global instant reach of todayââ¬â¢s media, activists or humanitarians use the tools to get messages out to the public quickly. Using the earlier example of the Tsunami that hit Japan, how fast did we see Red Cross commercials, texting 90999 to make an instant $10 donation to the relief effort? The conflict viewpoint from the media providers is that it is a tight competition for scarce resources and the old way of doing business is gone. Many local newspaper circulations have closed shop do to in your face current events television programs. Additionally, with so many providers on the market and the advent of pay television and radio, the marketing dollar is dwindling. For example, like many other consumers, I subscribe to XMSirius satellite radio because I loathe the promotion of consumption all the time. So, the satellite radio company is making the ââ¬Å"advertisingâ⬠dollar vice the media mogul. The interactionist view from the media providers is this perspective is the one that helps us understand one most important aspect of the mass media system ââ¬â the audience (Schaefer, 2009). The media giants know they would be washed up without the consumer. The interactionists have ways to keep the audience involved in the programming. Some example of how the audience participate in the programming are the reality completion shows like American Idol, Survivor, Dances with the Stars, to name a few. Viewers have the opportunity to vote for their favorite player. The Mass Media and Social Change Social lives have changed tremendously with the introduction of mass media into lives. An example of how media coverage can be functional, contrasting, and interactive can be seen in the reporting of the protests surrounding the US-led invasion of Iraq in 2003. Catherine Luther and Mark Miller analyzed pro-war and anti-war coverage in eight US newspapers and showed how reporters were more likely to use illegitimate cues when referring to anti-war protestors, while using legitimate cues to refer to pro-war campaigners (Barker, 2008). Americans are either for or against the war and turn to the media for information. Differences of opinion are a valid way to gain insight into a society or cause. Lastly, the power of the media will generate interest to get people to come out and support. The View from the Audience The mass media are distinguished from other social institutions by the necessary presence of an audience (Schaefer 2009). Without an audience, media products would cease to exist. The functionalism perspective from the audience is most anything you want or need can be accessed, purchased, researched, and you can even merge types of media into one source. The conflict with todayââ¬â¢s mass media is the unfiltered aspect meaning the freedom of press versus protecting our children from some of the bad things seen on the media outlets. Another conflict the audience has with mass media is members of an audience do not all interpret media in the same way. Often their response is influenced by their social characteristics such as occupation, race, education, and income (Schaefer, 2009). Interactionist view on social interaction in todayââ¬â¢s media product offer more freedom of broadcasting and less freedom to censor. Conclusion The media has had a huge impact on society over the last two to three decades with the significant advances in technology. Although instant media is most times unfiltered, mass media has grown because of advanced technological means offering instant global reach while greatly influencing social changes. Viewers have instant news, entertainment, and socializing opportunities via many different types of media tools. From the functionalist view, and the interactionist, the mass mediaââ¬â¢s biggest change has come with the introduction of the internet. The contrast to the movement of socialization and instant information is the increased freedom of information that is shared throughout the media tools and the risk of unfiltered information to certain viewers. How to cite The Impact of Mass Media, Papers
Thursday, April 30, 2020
A Comparison between Three Pre
A Comparison between Three Pre-1900 Poems and How They Portray the Theme of Love Essay This essay is going to explore how three poems portray love in different ways. The first poem is First Love and it was written by John Clare. He had a poor background and therefore had no hope of marrying the daughter of a rich man. He tries to convey this situation in this poem and so, love comes across as being a very frustrating and almost unpleasant emotion. First Love has a regular rhyme scheme of four rhyming couplets in each of its three stanzas. Shall I compare thee? is the second poem to be studied and it is one of Shakespeares Sonnets. It portrays a very positive side of love, with an overall theme of it being eternal. Shakespeare wrote many sonnets like this, all containing fourteen lines with ten syllables in each. The third poem is Ballad. There is a large contrast between this poem and the previous two mentioned, in the sense that it puts across a very negative view of love. It shows that rushing into a relationship that will not work can eventually drive a person towards suicide. Ballad does not have a soul author, as it is a poem that has been passed on by word of mouth, from one generation to the next, being subtly changed as time progresses. It is much longer than First Love and Shall I compare thee?, as it has eleven stanzas, each containing two rhyming couplets. The first two lines in First Love set the scene for the whole poem where it says, I neer was struck before that hour With love so sudden and so sweet The speaker is obviously stunned in amazement of the beauty of the woman he has just seen, so the emotions that he is feeling are very intense. He goes on to describe her face with the simile of her face blooming like a sweet flower. Further on, his heart is said to have been stolen away, which would imply that all of the love and feelings he could ever have towards someone have been directed towards her. At that point in time, nothing else matters and this woman is his soul concern. Further evidence of the speaker being affected in such a dramatic manner is shown where it says that his legs refused to walk away, and his face turned pale as deadly pale. This shows that there was a strong physical effect due to seeing this woman, as well as an emotional effect. The speaker now asks himself a rhetorical question out of pure frustration. When she looked, what could I ail? When she looked at him, he was unable to do anything. This might, again, imply that he was overcome with her beauty and he could not do anything but look at her, but on the other hand, it could be referring back to the point that he comes from a poor background. It would be unheard of for a lowly man to marry a girl from a rich family. Due to this, he is not able to act upon his feelings, and if he can not do that, what can he do? After a seemingly positive start to the poem, the theme of frustration and even despair are beginning to creep in. The second stanza in this poem goes on to describe even more physical strains that the speaker is undergoing. He is blinded by the woman. This could perhaps be both a physical and emotional effect. The world around the speaker also seems to be in a spin and everything is reversed. He says that it Seemed midnight at noonday and also that he could not see a single thing. I think that the author has used vivid imagery extremely well in this middle stanza, because it really puts across the intense and almost unbearable side of love. He shows that love is not something that you can control, especially if you are as innocent and vulnerable as the speaker in this poem is put across to be. Household Gods EssayThis poem most definitely shows love as not being eternal. Compared to Shall I compare thee?, where it says that love is immortal, Ballad shows that love can be a trap, and after that love fades, there can be many negative consequences of rushing into that relationship. The second and third stanzas show how uncaring this lover was. The author uses comparisons to show what he would do in different situations. Before he got the girl pregnant he would always be around her, but when her apron puckered up with shame he never came. Again, when times were easy, or when summer brought no fears to fright, he would always be there, but when she needed him the most, he would abandon her. This really shows this shepherd up to be a fair-weather lover. The next two stanzas go on to show the girls immense regret for getting herself into a situation. She uses the phrase, I wish five times in eight lines which really emphasises her sorrow. She also asks herself, O when will green grass cover me? implying that she wants to die. The consequences of her actions have therefore become too heavy for her to bear. Unlike the happiness showed in Shall I compare thee?, deep sorrow and anguish are conveyed in Ballad. The girl now goes on to describe the man that has taken advantage of her in more detail. He promised her wonderful things, only to go against his word later on. He promised beds as fine as silk but he left her wanting a bed of clay. The contrast between silk and clay are clearly evident which makes the comparison very effective. This is also another referral to death, which shows just how far the girl has been driven into depression. She talks about her lover having a heart that seemed soft but it was steel. This metaphor of it being as hard as metal shows how uncaring he was, and that he did not really love her. He had the soul purpose of seducing her without any intentions of staying with her. Again, the use of the heart is seen in next stanza where it says that the shepherd has two hearts. This obviously points towards him stealing hers. The girl now starts to really contemplate suicide. She shudders to think of what sort of father the shepherd will be for her baby. The girl compares her heart to brass, as she did her lovers heart to steel earlier on. My heart would break but it is brass. Her heart has been hardened and she has been hurt so much that nothing can affect her any more. At this point she starts to think about taking both the babys and her own life. She has been driven to the depths of despair and the only way out for her is death. Throughout the whole poem, tension has been building, and in this final stanza, the poem reaches its climax. Earlier she had said, My soul with God, my body clay, but now, in the last line of the poem, she says, Our souls with God, our bodies clay. Rushing into a relationship with someone she did not really love has left her contemplating suicide for both herself and her baby. So in conclusion, it can be seen that these three poems do portray love in different ways. There are many poetic devices and words that the authors have used in their description of love. Some describe love as being eternal, while others show that it fades over time. Overall then, a large variety of perceptions of love are shown in these poems, which together give a vivid picture of love itself and the feelings of those involved.
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