A Proposal Of A Business Idea - 1532 Words

DEVELOP MANAGE FINANCE ASSESSMENT Submitted by: SOMPORN CHAWNA TEDI2428 Part A Introduction This report demonstrates a proposal of a business idea. The business that will be proposed in this report is a cafà ©. The cafà © is located in the heart of the business central district. The cafà © features small range of food menu and will feature a large variety range of beverages that are associated with the cafà ©. This report will propose with product description as well as the financial proposal will be attached. Mission The mission of the cafà © is to provide affordable high quality beverages and side dishes. The cafà © will provide food and drinks not just in an affordable price, but also in an accessible location. It wants to establish itself as the ‘destination’ for young people abs well as workers in the area. Product The product that will be provided in this cafe is hot and cold beverages that are normally associated with cafà ©, furthermore, the cafà © will also provide fruit juice and smoothies as well as desserts and small dishes of food that are appropriate for lunch. Financial capitol proposals Description Cost Legal $2000 Stationary $200 Consultants $1500 Table Chairs $8500 Coffee Machine $5600 Kitchen fittings $6000 Telephone System $2000 Training costs $2500 Uniforms $500 License and permits $1250 Total initial investment $30050 Projected net cash flow Year 1 Year 2 Cash Received Cash from Operations Cash SalesShow MoreRelatedRgdfg1181 Words   |  5 Pagesproject idea, typically used as input to a project portfolio planning process. The goal | |is to not only capture good ideas for new projects, but also to provide a crisp and consistent format that allows new project ideas to be | |rapidly and systematically compared with projects already in the start queue or in operation. | |Several examples are included to show how a proposal form can be used in the early days of a new project idea. Some proposalsRead MoreBiddys Bakery Case Study945 Words   |  4 PagesRunning Head: Biddys Bakery Case Study Biddys Bakery Case Study Name Institute Name Date The operation of Biddys Bakery was started off by Elizabeth as a hobby initially. In the beginning, the business was operating at a loss however later it was able to attain new and loyal customers. For operation of a facility for a company to be successful, planning for capacity is very important. The term capacity is defined as the maximum output rate that a facility achieves.As there was no capacityRead MoreLaw 310 : Week 5 You Decide- Taking Business Global1522 Words   |  7 Pages LAWS-310: Week 5 You Decide- Taking Business Global Jeff Jolly Professor Melanie Morris DeVry University 1 April 2017 Table of Contents Introduction 3 Evaluating Proposals 3 Global Implications 5 Protection from Personal Liability 7 Conclusion 7 References 9 â€Æ' Introduction This memo has been created to present all current proposals in regard to the supply of widgets for Gloria Smithson’s company to meet the requirements of current orders by customersRead MoreSupplying Gloria Smithson s Company With Necessary Widgets1157 Words   |  5 Pagespresenting all the existing proposals regarding supplying Gloria Smithson’s company with necessary widgets. Although supplying widgets from domestic suppliers is advised in most of the cases for a number of reasons, we’ll examine here a couple of other options that may be more appropriate for Mrs. Smithson’s case. In particular we are going to examine a proposal coming from the same state Gloria Smithson’s business is located along with two more proposals from overseas. Each proposal is accompanied withRead MoreCASE STUDY The Fork And Dagger Pub Essay examples1481 Words   |  6 Pagesï » ¿Founded in Straun, Ontario by Richard Lynch, the Fork and Dagger Pub was a growing busine ss and showed much success after opening in 1993. By using word of mouth advertising with the high traffic taken in from playing the Norway Olympics in the pub, the Fork and Dagger Pub found itself with a lot of sports enthusiasts as regular customers as well as students from local schools. But since 2008, the Fork and Dagger Pub has declined in revenue and local patrons have seemed to vanish. With new competitorsRead MoreMarketing And Production Of Goods And Services818 Words   |  4 PagesXYZ is a business company that deals with fast moving products hence it requires to change its working strategies from time to time. The primary target of any business is to make a profit. Hence, XYZ must always strive to reduce cost and maximize profit from its products and service. As the marketing and operational overseer, it is my mandate to come up with a best possible strategy for the company to maximize its profits and remain sustainable in the market (Kahn, 2013). The strategies that areRead MoreFormal Research vs Business Proposal Essay778 Words   |  4 PagesFormal Research vs. Business Proposals Comparing and contrasting any business proposal can be a little confusing when there is little to no knowledge of what either of the proposal really stands for or mean. Every business has the opportunity for change or to seek change. These business environments are potential projects that intermingled with the start of a new product. Depending on the company or organization’s focus, will determine which proposal is best to provideRead MoreEntrepreneurship Assignment1021 Words   |  5 Pagescombined’ The Female Economy, Harvard Business Review. Taking the essence from the paper, create a business idea that serves the women market. The business need not be specifically feminine, ie. Women products, cosmetics, but general products/services that is also used by women. Then develop a business plan detailing your ideas. Assessment Method The following assessment scheme will be adopted in order to evaluate the elements above: * Business Idea (15%) This criterion evaluates theRead MoreHow Do You Tune An Idea? Essay1177 Words   |  5 Pagestune an idea? The other day, one of my younger cousins came to see me and we had a long chat. At one point, he said that he was contemplating on a technology-based business idea in which he showed his zest and zeal to endow. I asked him to share the thoughts with me in detail. Then he explained, what he wanted to do, how to implement the thinking, approximate cost, budget, tentative loss-profit calculation, marketing procedure and supply chain management system etc. I found out that the proposal is newRead MoreBusiness Topic : Open An Express Company1215 Words   |  5 Pages. Business topic: Open an Express company, focus on for Chinese customers online shopping from China to Australia. The idea of this business is to open an express company, based on China-Australia direct shipping service. It can be seen that there are more and more Chinese people live in Australia. Student, workers and tourists, especially in big cities like Sydney, Melbourne and Brisbane. Although there are all kinds of goods in Australia, but we can still see that there are many other kinds

Essay about Negative Effects of Technology Outweigh the...

In todays society there is no escape from technology. We are completely submerged in our iPhone, ipads, computers, and gaming systems. These gadgets give us the opportunity to be connected to each other and the rest of the world at all times. But, this is not a glorious step in history. Technology blinds us from the real world. As John Tudor said, â€Å"Technology makes it possible for people to gain control over everything, except technology.† We may run our lives with the help of our iPhones and computers, but do these forms of technology in turn control us? At first glance these new advances are greater steps to making our lives easier. But, when examined closely a large portion of technology is the cause of many problems in our society.†¦show more content†¦If this boy is the example of the affect video gaming has on children and teens of the world today then we must take a stand and eliminate the problem. Parents must limit or completely get rid of gaming and exp ose their kids to the real world. In the past few years cell phones have become an object of need rather than want. Everywhere you look people are on their cell phone either texting, calling, ‘facebooking,’ or emailing. The cell phone is the smallest most convenient connection that nearly everyone has. The idea, of course, is fantastic.The ability to communicate wire-free from anywhere is perfect. Cell phones have their advantages, like most digital devices. Parents have the luxury of calling up their children to know that they are safe, but, what are the consequences of that cell phone? Cell phones were the result of 21percent of fatal car accidents involving teens each year (Car). Texting and driving accidents have become something we hear about frequently. A new teen driver was out with friends and while driving home his phone buzzed in the cup holder. It was a friend with plans for the next night. Naive to the consequences he flips open his phone, reads the message, and begins to respond. As he types the first few letters to his response he races through a red light. He is hit in the driver side door and is killed instantly because of one simple text. Is there any messageShow MoreRelatedSocial Media Negatives1007 Words   |  5 Pagesworse than what most people would think. It’s leading to worse things for teenagers since they won’t see the negatives coming. Especially not from social media since it’s a huge part of their life. Social media’s negatives outweigh the positives because it’s causing long-term consequences and impacts teen’s mental and emotional health. What teens posts on social media have long-term effects because what you post, like, or repost on any site can be used against teens in any way shape or form. The internetRead MoreDisruptive Technology: Positive or Negative790 Words   |  3 PagesEvery innovation has positive and negative effects. The key consideration is whether the positives outweigh the negatives. In addition, what is positive for the innovator may be negative for the incumbent. Therefore, there is likely that no consensus can be reached on a listing of the pros and cons. Firstly, I address the need for a simple coherent definition of disruptive technology. Next, the focus moves to the impacts of disruptive technology. Finally, I consider critical factors in a responseRead MoreThe Impact Of Technology On Human Life1476 Words   |  6 Pageslast time you went a full day without touching your cellular device? Discussed all around the world is what type of impact technology has had on humans, a controversia l issue that has been whether seen in a positive or in a negative way. On the one hand, some argue that technology has caused humans to lose important abilities. On the other hand, however, others argue that technology has allowed us to move through everyday life in a faster pace. The best perspective on this issue, is reflected by NicholasRead MoreEthical Concerns : Ethical Issues866 Words   |  4 Pagesit while democrats tend to push for anti-hydrofracking legislature. The political ethics are involved when it comes to banning something that is not on one’s own land. Despite the environmental effects of hydrofracking, is it ethical to prevent someone from fracking on their own land if this has no effect on someone else? Some would say yes and others would say no, but I believe that if you are the owner of your own property then as long as it is of no detriment to another person you should be ableRead MoreEffects Of Video Games On Mental Health1120 Words   |  5 PagesDo es video game have an effect on mental health? There is a lot of research into what affects gaming has on childrens mental health, consequently there is research into both sides of the argument. Gaming has an effect on mental health, but not necessarily in a negative way. I strongly argue that gaming affects mental health in a positive way so accordingly I will set out to prove it. We will be discussing a wide range of sources, showing a variety of views, describing how video games are goodRead MoreSocial Medi A Good Thing Or Bad Thing?1727 Words   |  7 Pageschange based on technology whether we like it tor not; it depends on how we use technology to see the positive and negative effects of it. It is up to the individual whether or not to let social medias take over his or her life. From kids to teens to adults technology is crucial part in daily life. It is important to find a balance between social media and a personal life. It is up to the individual to create a limit of social media use, since it has positive and negati ve effects. In some cases theRead MoreEssay about Modern Communication: Social Networks 984 Words   |  4 PagesWhile with the constant use of these social technologies, less people are communicating in person, this type of technology might be doing more harm than good because with the rise of websites such as Facebook, social networking may be on the verge of replacing traditional personal interactions for the next generation. Social networks were created for the sole purpose of helping individuals communicate. There are many other reasons that these technologies are used, but communication is still the numberRead MoreNegatives And Negatives Of 3 D Printing1347 Words   |  6 Pagesis an amazing new technology that has already started many debates about its validity and its possible positive and negative impacts in the future. I believe that 3-D printing technologies is going to have a major impact in our daily lives and the positive benefits is going to outweigh the negatives. 3-D printing is a process of making a three-dimensional solid object of virtually any shape from a digital model. It covers many different technologies that achieve similar effects, the major differencesRead MoreTechnology And Medicine : Promise And Peril974 Words   |  4 PagesTechnology in Medicine: Promise and Peril Saint Augustine once said, â€Å"What does love look like? It has the hands to help others. It has the feet to hasten to the poor and needy. It has eyes to see misery and want. It has the ears to hear the sighs and sorrows of men. That is what love looks like.† The profession of medicine can be traced back to the 5th century BCE this signifies how important the relationship between a patient and the doctor is. The fact that this profession until now stands outRead MoreCause/Effect How Technology Influences Personal Relationships1095 Words   |  5 Pagesexamples of the negative impacts of digital technology on society. Technology has been evolving for hundreds of years. As it has become more advanced, the more it has taken a hold of the community. Digital technology is universal and there is no way to avoid it, but people need to start using it more responsibly. Everything gets taken for granted now that there are so many technological sources. Although there are a moderate a mount of positive effects, the negative aspects outweigh them substantially

American History X The Story Of Two Brothers - 1961 Words

American History X â€Å"They (African Americans) are a burden to the advancement of the white race,† a comment that is said by a Danny Vinyard, perfectly demonstrates the racist attitudes, which result in violence, that are shown throughout American History X. The movie tells the story of two brothers, Derek and Danny Vinyard, who become victims of their surroundings and a product of the people they emulate. Derek, Danny’s older brother, is at first portrayed as the leader of the Skinheads, a neo-Nazi, Venice Beach gang filled with hatred towards any non-white groups especially African Americans. This hatred is intensified by the need to be superior, but in order to accomplish this, another group must be deemed inferior, and therefore oppressed, in this case African Americans. At the beginning of the movie, Derek is sent to prison for manslaughter, leaving his little brother to be alone and fall deeper into a hole of hatred and the beliefs of the gang. On the other hand, Derek experience s a series of events while in prison that lead him to a drastic transformation. Through Derek’s transformative journey, the movie depicts that even though hatred is a source of violence and exclusion, the anger brought about from hatred can lead to a positive personal development. American History X shows how Derek’s persona is a product of the people he emulates. We first see this when Derek’s dad is surprised by how he enthusiastically speaks about his African American English teacher, callingShow MoreRelatedRacism in American History X951 Words   |  4 PagesAmerican History X is clearly a film dealing with racism. The interesting thing about this film is the way in which the subject is treated. First of all, it is obvious that, though racism is always a difficult subject to deal with, American History X presents it without any reservations or dumming down. Second, the films figurehead for racism, Derek Vinyard (Edward Norton), is not an unintelligent redneck racist as films often portray them, but is in fact well-spoken, charismatic and intelligentRead MoreAnalysis Of The Movie American History X 858 Words   |  4 Pageslearning–whether at the very personal/familial level, or the institutional level. The film,American History X, tells the story of two brothers who are both involved with a Neo-Nazi gang in Venice Beach. The movie starts with the older brother Derrick getting out of jail for the murder of two black gang members. At the same time his brother is getting out of jail, the younger brother Danny is forced to write a paper about his brother s influence on him. The movie then unfolds as part of the paper that DannyRead MoreEssay on Racism in American History X936 Words   |  4 Pages American History X is clearly a film dealing with racism. The interesting thing about this film is the way in which the subject is treated. First of all, it is obvious that, though racism is always a difficult subject to deal with, American History X presents it without any reservations or dumming down. Second, the films figurehead for racism, Derek Vinyard (Edward Norton), is not an unintelligent redneck racist as films often portray them, but is in fact well-spoken, charismatic and intelligentRead MoreAnalysis Of The Film American History X1537 Words   |  7 PagesVandalism, murder, and rape are only a taste of the violence presented within the film American HIstory X (Tony Kaye). In his work, Kaye explores the origins of racism through the minds of Derek (Edward Norton) and his brother, Danny (Edward Furlong); however, the film tells the story of far more t han these two brothers. It tells the story of all those who have ever overcame their prejudice feelings through the process of introspection and their proximity to those they are prejudice towards. WhileRead MoreRacial Representation in American History X Essay1399 Words   |  6 PagesA movie American History X (1988) deals with white supremacy and racism. We can see a variety of racial representation in this movie. We’re going to see implicit racial associations and racist stereotypes seen in the film first with the framework of John Russell’s discussion in his research â€Å"Race as Ricorso: Blackface(s), Racial Representation, and the Transnational Apologetics of Historical Amnesia in the United States and Japan,† examine the background and arguments on race in the movie, and seeRead MoreAmerican History X By Tony Kaye And Written By David Mckenna1439 Words   |  6 PagesAmerican History X Almost one week before I started to take this class, I watched â€Å"American History X† for the first time. When I learned we are going to do this project, this movie was on my mind and I did not surprise at all when I saw it in our movie list. Since the beginning of the semester, everything related to multiculturalism in this movie is becoming clearer to me. Multiculturalism is a huge issue, especially the country like the US which has many different races. One of the first thingsRead MoreAmerican History X - Paper 21730 Words   |  7 PagesAnthropology American History X â€Å"I hate anyone that is not white Protestant,† begins Danny Vinyard, the brother of a former neo Nazi skinhead. American History X offers opinions from two sides through one character, the ex-neo Nazi Derek, and the post-prison-reformed Derek. The post-prison-formed Derek serves as a vision of hope for present time. This powerful movie not only depicts the most disturbing aspects of racism, but also shows how close racism is to the middle-class, white Americans. AmericanRead MoreAmerican History Essays1013 Words   |  5 PagesAmerican History It is important to be proud of who you are and where you have come from. After watching the film American History X, whites are far from proud. We are ashamed to admit that people just like us can act in such a horrible and disillusioned way toward those that are different. As you watch, you see scenes of brutal violence, hear songs of hate and feel the pain of all involved. These acts show the viewers how easily young minds can be influenced to believe anything. TeachersRead MoreAfrican Americans : African American And A Writer952 Words   |  4 PagesBeing African-American and a writer was rare to say back then since many people viewed African-Americans as uneducated and illiterate. Till this day many people still see African-Americans as less competent than any other person from a different race. Throughout history we’ve seen many accomplishments from African-Americans, either it being in sports or in the educational field. I’ve never doubted African-Americans on t heir capacity on what they can and cannot do. African-Americans have broken manyRead MoreThe Autobiography Of Malcolm X As Told By Alex Haley1442 Words   |  6 PagesThe Autobiography of Malcolm X as told by Alex Haley is the story about a man who greatly impacted American history. Malcolm Little, or Malcolm X as he is more widely known, taught what he believed in regards to segregation, racism, and discrimination. Growing up in a large family with a father Earl Little, a Baptist minister, and his mother Louis Little, who was a homemaker, Malcolm’s life at the time seemed very promising. His father’s involvement in support of the Black National gained him many

Is God Really Dead - 3035 Words

LIBERTY UNIVERSITY BAPTIST THEOLOGICAL SEMINARY â€Å"A Select Issue in Contemporary Theology: God-Is-Dead Theology† Submitted to Dr. Eunice Abogunrin In partial fulfillment of the requirements for the completion of THEO 510-B05 Survey of Theology By John Kohler Whitley October 5, 2014 Introduction Friedrich Nietzsche believed God is dead, and he has based his theology around these three words. Why does he believe God is dead? Friedrich Nietzsche could have called his theology God does not exist and easily conveyed his message. Nietzsche purposefully chose these three words to send a message to the Christian faith. Since the beginning of time the existence of God has been questioned. Science has attempted to provide†¦show more content†¦Nietzsche was really upset with the Apostle Paul, whom he believed played a vital role in the death of Jesus Christ on the cross. He saw the disbelief of Paul and the other disciples as a way for them to invent a new doctrine that they called Christianity. Nietzsche was concerned with happiness as he knew it to be on Earth. Maybe this all stems back to his childhood trauma. Either way, Nietzsche never really presents any kind of evidence to substantiate his own claims. Religion Believes God is Alive Webster’s definition of God is: â€Å"God, in the Christian, Jewish, and Moslem religions, the all-powerful Being who made and rules the universe and is worshipped by man.† â€Å"It is reckoned that Islam is now professed by from 150 to 200 million people, nearly one-seventh of the population of the globe.† Islam believes that God is alive and His name is called â€Å"Allah.† The self-proclaimed prophet Mohammed was born in Mecca around the year 570. Some say Mohammed is the author of the Koran, while others believe Allah is the author. Humanity may never know, but the Koran is clear that there is a God and his name is Allah. The more radical views of Islam are on display daily in the news. Suicide bombers, soldiers, and mercenaries, are all men who kill in the name of their God. The Islamic religion proclaims that Allah is to be worshipped, and only Allah. They claim their God is a forgiving and merciful God, but they murder innocent men, women, and chil dren in his name. NietzscheShow MoreRelatedGod Is Not Dead904 Words   |  4 PagesGod is dead. God remains dead. And we have killed him... What was holiest and most powerful of all that the world has yet owned has bled to death under our knives: who will wipe this blood off us? Friedrich Nietzsche (In Die Frà ¶hliche Wissenschaft, 1882) â€Å"I am what I am† God â€Å"In Him we live and move and have our being† Apostle Paul It has happened since the birth of time. It happened when the Da Vinci code and the God delusion was published. It happened with Charles Darwin’s evolutionRead MoreAnalysis Of By The Waters Of Babylon1118 Words   |  5 Pagessociety? In John’s society, knowledge is passed on by the priest to his son, but in John’s case he was the only one out of all his brother to learn this knowledge. How he was chosen was when John was young his and John’s father when to a place of the dead to find metal, and in John’s society only priest and a son of a priest can touch metal without dying. When training to be a priest John had to learned spells and chants, basic medicine, and, reading and writing and many other secrets. This is statedRead MoreThe Is The Oldest Of The Gospels And The Original Transcripts985 Words   |  4 PagesMethodists church as well, I find myself really not believing much of it. Theses doubts are staples in my wondering about the depths of my faith. Our creed begins with, â€Å"I believe in God the Father, and Jesus Christ His Only Son.† I’m good with this portion of my confession and I somewhat believe it to the extent of a logical mind can believe. The next portion of this creed can be problematic for me at times. â€Å"Born of the Virgin Mary.† I want to have a deep faith in God and Jesus, but I’m not sure whatRead MoreAnalysis Of The Poem Spirits Of The Dead By Edgar Allan Poe988 Words   |  4 PagesCircle of Life in Poe’s â€Å"Spirits of the dead† The circle of life is an ongoing loop of everything in the world. Just like a wheel, the circle of life goes round and round. The circle of life never stops, and even though someone might try to, it will not stop. Life and death is the circle of life. In Edgar Allan Poe’s â€Å"Spirits of the Dead†, Poe introduces the reader to life and death. This is a very sorrow filled poem, with death and forgiveness. The way Poe uses Life and Death is part of whatRead MoreAnalysis Of The Movie The Not Dead 2 1345 Words   |  6 PagesPure Flix is at it again with their latest installment into the Christian movie scene, God’s Not Dead 2. It is the sequel to the 2014 faith-based box-office hit God s Not Dead. This American Christian drama focuses on religious speech in a public classroom as high school history teacher Grace Wesley (Melissa Joan Hart) gets caught up in a high-profile legal case over answering a student’s question about Jesus. Not only is Wesleyâ €™s career on the line, but the existence of Jesus Christ is put onRead MoreThe Importance of Elements of Fiction in Writing Short Stories1076 Words   |  5 Pagesthrough Elements of fiction of short story called â€Å"A Telephone Call†. Elements of fiction itself have several major parts, there are plot, character, setting, point of view, language, tone, and style, theme, and also symbol. All those parts of it are really depending on author or writer thought and background which usually referring to the context. For example, there is Kate Chopin, American well known author of short stories and novels. She has a background of writer who often writes a short storiesRead MoreQuestions For The Group Discussion970 Words   |  4 Pagesso, he was ready to do anything to keep his buoyant church member. However, for charity sake, we do not know the bigger picture of what really happened or what might have moved the pastor to succumb to the risky demand. Sociologically his so ciety allows it otherwise they would have ended up behind bars; but does his canon upholds polygamy? Does (Isa. 4:1) really support polygamy? At this juncture, the text (Isa.4:1) was read out for the group. Analysing the text from a historical point of view, itRead MoreAnalysis Of NietzschesThe Madman And New Mortality1363 Words   |  6 PagesGod the creator of the universe, earth and ourselves can he really be dead as the madman has proclaimed him to soon be in Nietzsche’s â€Å"Madman†. To understand if we have killed God in this postmodern world and become all of his murders we need to analyze religion, technology and what the meaning of belief is. In all honesty we are closer than we were before to understanding what Nietzsche was trying to communicate in â€Å"The Madman† and â€Å"New Mortality†, this is greatly due to technological advancesRead MoreChristianity: David Mier and The Idea of Grace Essay709 Words   |  3 Pagesof humans being helpless without the hand (or grace) of God. He talks at length on how we cannot save ourselves and he qu otes chapter 2 verse 1-3,11-12 of Ephesians â€Å"†¦As for you, you were dead, in you transgressions and sins in which you used to live when you followed the ways of this world†¦ by nature, objects of wrath.† He uses this to explain how as dead in the eyes of God, we can do nothing to redeem or help ourselves and are reliant on God. He briefly talks about how as humans, we are deserving

Management Principles Market Entry Strategies Free Essays

Executive Summary This report has been written to seek to explore the management principles, which may be applied by businesses when they seek to enter new international markets. The report shall be split into three parts, which will focus on different elements of this. Firstly, the various market entry strategies, which are available to firms who are intending to become international businesses, shall be briefly described. We will write a custom essay sample on Management Principles: Market Entry Strategies or any similar topic only for you Order Now Secondly, three market entry strategies shall be discussed (including their definitions, the basic decisions required to implement these and the positive or negative aspects of each of these strategies). Finally, an analysis of a market entry strategy, which has been used by IBM to move their business into China from the United States (U.S.) shall be analysed and discussed. Then a number of conclusions shall be drawn in relation to market entry strategies and how they have been utilised by firms to date. Introduction This report has been written to seek to explore the management principles, which may be applied by businesses when they seek to enter new international markets. The report shall be split into three parts, which will focus on different elements of this. Firstly, the various market entry strategies, which are available to firms who are intending to become international, shall be briefly described. Secondly, three market entry strategies shall be discussed (including their definitions, the basic decisions required to implement these and the positive or negative aspects of each of these strategies). Finally, an analysis of a market entry strategy, which has been used by IBM to move their business into China from the United States shall be analysed and discussed. The first of these topics shall now be briefly discussed. Market entry strategies available for a firm intending to become international. When an organisation has made a decision to enter an overseas market, there is a variety of options open to it (Meyers et al. 2009). These options will be varied depending upon the cost, risk or the degree of control, which can be exercised over them (McDonald, Burton and Dowling, 2002). However, the easiest way which a firm may enter a new market is by using a form of entry strategy derived from exporting (Morsink, 1998). This may be implemented by using either a direct or indirect method such as, an agent or countertrade (Morschett, Schramm-Klein and Swoboda, 2010). However, there are more complex ways through which firms may seek to enter new international markets (Porter, 1980) these may be derived from the undertaking of joint ventures, or export processing zones (Roberts and Hite, 2007). Cunningham(1986) identified five strategies, which have been used by firms when they are seeking to enter foreign markets, these are: Technical innovation strategy. This is when a firm see ks to create an image so that they are perceived to have superior products. Product adaptation strategy – This is when a business modifies an existing product. Availability and security strategy – This is when a firm seek to overcome transport risks by countering perceived risks. Low price strategy – This is when a firm use a low price to penetrate the new market. Total adaptation and conformity strategy – This is when a firm use a foreign producer to manufacture their products (Cunningham, 1986: 9). Therefore, from the above, we can ascertain that there are a number of market entry strategies, which may be used by firms to seek to enter new international markets. In the next section of this report, three of these shall now be discussed in more detail. Three market entry strategies, which firms may use to become international businesses There are three main entry strategies, which may be used by firms to enter international markets. These are direct, indirect or foreign based (Dunning, 1985).Each of these has a number of advantages and disadvantages. For example, a direct strategy involves the sharing of risk and knows, may be only means of entry into an international market or may be source of supply for third country (Dunning, 1985). Each of these is advantageous and may be implemented through an agent, distributor, government or an overseas subsidiary. However, the disadvantages associated with this approach are that partners may not have full control or management within a company, it may be impossible to recover capital, there could be disagreements between purchasers or third parties or partners may have different views on the exported benefits of the goods or services in question (Ferrell and Hartline, 2008). In comparison, indirect approaches involve trading companies, export management companies, piggy backing or countertrading (Glowik and Smyczek, 2011). Furthermore, foreign based market entry strategies enable companies to set up their operations in other countries. So there are a variety of ways in which organisations can enter foreign markets.Three of these methods shall now be outlined in more detail. The first of these is the use of export processing zones. This is often defined as a zone within a country, exempt from tax and duties, for the processing or reprocessing of goods for export (Croft, 1994). This is a foreign market entry strategy, which is derived from the use of licensing, joint venture, contract manufacture or ownership (Griffin, 2008). In order to determine if this is the best approach, a firm will need to ascertain if there is a demand for their product, they will need to identify potential partners and they will need to ascertain if their earnings will be advantageous from adopting this market entry strategy. The advantages of using this approach are that the host country obtains know how, there is capital, technology or employment opportunities created within the country in question, there could be foreign exchange earnings and this helps foreign internationalization is enabled more easily (Gwartney, Stroup, Sobel and MacPherson, 2009). However, the disadva ntages of this approach are that partners do not have full control or management of their business, it may be impossible to recover capital, there could disagreements between parties as they may have different views on exported benefits or other business topics (Lane, 2006). The second approach, which may be used to enter a foreign market, is often based on bartering. Bartering is defined as the direct exchange of one good for another (Kotler and Armstrong, 2008). In order to determine if this is the best approach, a firm will need to ascertain if there is a demand for their product, they will need to identify potential partners with whom they may barter goods and they will need to ascertain if their earnings will be advantageous from adopting this market entry strategy (Schultz, Robinson and Petrison, 1998). The disadvantages of this approach are that it may involve short-term investments, capital or employment movements, transaction costs and benefits, the business is not part of economy so it may be aliened, laws may be different or create more bureaucracy (Smith, 2011). However, they are simple to administer, there is no currency and they are commodity based valuation or currency based valuation, so there are also a number of advantages to adopti ng this approach. The third method, which may be used by firms to enter a foreign market, is referred to as countertrade (Williamson, 1975). Countertrade is when a customer agrees to buy goods on condition that the seller buys some of the customer’s own products in return (Kotler and Armstrong, 2008). In order to determine if this is the best approach, a firm will need to ascertain if there is a demand for their product or a demand for their partners, they will need to identify potential partners from which they make purchases and they will need to ascertain if their earnings will be advantageous from adopting this market entry strategy (Williamson, 1985). The advantages of this are that it is a method of obtaining sales by retaining a seller and it is an effective method of breaking into a closed market. However, the disadvantages are that there may be usage differences or variety differences between products and locations, it is difficult to set a market price and there may be inconsistenc ies in the delivery and specification of the product or service quality (Glowik and Smyczek, 2011). Each of these three market entry strategies may be employed by companies who wish to enter foreign markets. However, what has been interesting is the recent shift in companies moving to China (Hira and Hira, 2008). This shall be discussed using IBM as an example (Highbeam.com, 2005). Analysis of the market entry strategy of IBM to move their business into China from the United States. In recent years, according to Hira and Hira (2008), a number of multi-national companies, which have been based in the United States, have started to move their operations to China. This is sometimes referred to as off shoring. Off shoring is when companies seek to move parts of their operations to other countries. One example of this is the U.S. company named IBM, which is moving their business China. In this scenario, the market entry strategy, which is being adopted by IBM, is based on knowledge transfer and a foreign market entry strategy (Glowik and Smyczek, 2011). Additionally, IBM is adopting a total adaptation and conformity strategy as they are using a foreign producer to manufacture their products (Cunningham, 1986). This is a big move for IBM, which is a multinational technology and consulting corporation with headquarters based in Armonk, New York in the U.S. They produce and market computers, to both businesses and domestic consumers. The manufacture and develop b oth hardware and software, and provides infrastructure, hosting and consulting services in areas covering many divisions from mainframe computers to nanotechnology (Shelly, 2010). Originally IBM had twenty-five 25 research and development (RD) centers in the US, Europe and Asia. However recently it has decided to establish two major research and development centres in Beijing and Shanghai of China. This move has been undertaken to seek to take advantage of the emerging markets and economies in China and to encourage the technology development in an open standard and open source code (hHghbeam.com, 2005).This has brought a number of advantages to IBM due to the low labour costs, the high technological centres which already exist in China and a general reduction in their overheads due to the lower operating costs (Thomson and Sigurdson, 2007). Therefore, this move has been advantageous to them in a number of ways. However, they have also been able to take advantage of entering this new market as their products and services are now being utilized in China too (Engardio, Roberts and Bremner, 2004). To this end, this move has been good for IBM. However, one must also consider that there may be a number of disadvantages for this company in the future such as, the company may not attain full control or management of their business or it may be impossible to recover capital should these new investments in China fail (Lane, 2006). However, to date IBM seems to be reaping the benefits of this move, only time will tell if this has been beneficial overall. Conclusions From the above, we can ascertain that there are a number of market entry strategies, which may be used by firms to seek to enter new international markets. Each of these has a number of positive or negative aspects which must be considered carefully by businesses before they enter new markets as is shown by IBM who have moved their business into China from the United States. References Croft, M. J. (1994), Market segmentation: a step-by-step guide to profitable new business, New York: Routledge. Cunningham, M.T. (1986) â€Å"Strategies for International Industrial Marketing†. In D.W. Turnbull and J.P. Valla (eds.) Croom Helm 1986, Davidson, W. (1982). Global strategic management. New York. Wiley. Dunning, J. H. (1985). Multinational enterprises, economic structure, and international competitiveness. New York. Wiley Engardio, P., Roberts, D. and Bremner, B. (2004) ‘The China Price’, Business Week, 3911, pp. 102. Ferrell, O. C. Hartline, M. D. (2008), Marketing Strategy, Mason: Thomson Higher Education. Glowik, M. Smyczek, S. (2011), International Marketing Management: Strategies, Concepts and Cases in Europe. Germany: Oldenbourg Wissenschafts Verlag GmbH. Griffin, R. W. (2008), Management. 9th edition, Boston, MA: Houghton Mifflin Company. Gwartney, J. D., Stroup, R. L., Sobel, R. S. MacPherson, D. (2009), Economics: Private and Public Choice. Mason, OH: South-Western Cengage Learning. Highbeam.com (2005). IBM to Set Up 4 RD Centers in China. [online]: http://business.highbeam.com/436093/article-1G1-129005819/ibm-set-up-4-rd-centers-china Accessed on 08/08/2013 Hira, R. Hira, A. (2008), Outsourcing America: the true cost of shipping jobs overseas and what can be done about it. New York: AMACOM books. Kotler, P., Armstrong, G. (2008), Principles of marketing, New Jersey: Prentice Hall. Lane, H. W. (2006), International Management Behavior, Fifth Edition, Malden, MA: Blackwell Publishing. McDonald, F., Burton, F. Dowling, P. (2002). International business. Cincinnati: South Western College Publishers. Meyer, K. E., Estrin, S., Bhaumik, S. K., Peng, M. W. (2009). Institutions, resources, and entry strategies in emerging economies. Strategic management journal, 30(1), 61-80. Morschett, D., Schramm-Klein, H., Swoboda, B. (2010). Decades of research on market entry modes: what do we really know about external antecedents of entry mode choice?. Journal of International Management, 16(1), 60-77. Morsink, R. L. A. (1998), Foreign direct investment and corporate networking: a framework for spatial analysis of investment conditions. Cheltenham: Edward Elgar Publishing Limited. Porter, M. E. (1980), Competitive Strategy: Techniques for Analysing Industries and Competitor, New York: Free Press Roberts, J. T. Hite, A. (2007), The globalization and development reader: perspectives on development and social change. London: Blackwell Publishing Ltd. Schultz, D. E., Robinson, W. A. Petrison, L. (1998) Sales promotion essentials: the 10 basic sales promotion techniques — and how to use them. New York: McGraw – Hill. Inc. Shelly, G. B. (2010). Discovering Computers 2010: Living in a Digital World, Complete. Boston, MA: Course Technology Cengage Learning. Smith, T. J. (2011), Pricing Strategy: Setting Price Levels, Managing Price Discounts Establishing Price Structure. Natorp boulevard: South – Western Cengage learning. Thomson, E. Sigurdson, J. 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Why Microsoft Is Not A Monopoly Essay Example For Students

Why Microsoft Is Not A Monopoly Essay Monopoly?Is Microsoft actually a monopoly? No, they are not. They don’t force you to buytheir products, they are not the only company out there, and even though they are themost used, people do have many other choices. Who makes you buy a product? No company makes you buy their products. If anycompany made you buy a product of theirs it would be bad business, and no one wouldbuy from them. Nobody is holding a gun to your head saying ,â€Å" Buy my product or I willblow your head off.† If anyone did do that they would be put in jail. If you buy fromanother company, your computer will not explode; in fact the only company that doesmake you buy their products is Compaq, and even then the computer wont explode it justwill not work. A lot of people think that they have to upgrade to a different product ortheir computer will not work. That is misleading. If an upgrade is mandatory it will befree. Any upgrade you have to buy is just a preference that is not needed. There are manyother companies that do force people to buy their products. Other companies that do force you to buy their products aren’t widely used in ahome situation. The reason they aren’t used at home very much is because nobody likes tobe pressured into something. Many companies make products that are compatible withMicrosoft or another company’s products. The reason people don’t think there are anyother companies is because they hear about a product and are too lazy to look for analternative. Microsoft does want to make a lot of money for themselves. Who doesn’t?Windows is very easy to learn. Operating systems used to be very hard to learn. When Microsoft came out withthe Windows operating system it was very easy to use. The reason I am pointing this outis because people don’t want to make their lives harder than it needs to be. Microsoftmakes the easiest operating system to use on a PC, and that is what makes it popular. It isnot because they buy out other companies or because they make you use their products. Microsoft is not a monopoly; the problem is that most people are just too lazy to look foranother company. If people actually tried to find other products it wouldn’t take themvery long at all. So, anyone who claims Microsoft is a monopoly needs to take a look at the facts. If everyone looked at the facts with knowledge about their products, they would see thatthey are free to choose. Having people that have little or no knowledge about computersand computer products, besides turning them on or installing something, is like putting achild the age of five on a jury. It’s not fair to Microsoft especially, but it is also unfair tothe people because if you hurt the company, it hurts the customers. Computers and Internet