BUSINESS MODELS AND PLANNING Assignment Example | Topics and Well Written Essays - 750 words - 1

BUSINESS MODELS AND PLANNING - Assignment Example According to wired magazine, craigslist is the currently â€Å"most popular dating site†, job searching site, apartment hunting site and selling site despite its weird business model. Craigslist does not entertain innovation, and has very few workers. However, craigslist has remained a performer in the market due to. Reaching customers: this refers to the process of using communication channels to reach the customers of a product with an aim of generating a market. Entry into a new market is very easy. This happens through the company’s ability to draw a chain of people. When the network enters into a given region and obtains a few clients, other people soon find it necessary. Product differentiation: this is the process of developing unique strategies for product positioning that spotlight the product’s true value in the market. A company needs a clear understanding of its competitors and should clearly differentiate its product from those of the competitors. Craigslist is clearly known for its dating services, job hunting among others and therefore attract so many people in those areas. Pricing: this is the determination of the amount of money that a company will charge for its product or service. This starts by an evaluation of the value customer attach on a product, consideration of production cost, consideration of competition landscape and finally determination of price. This has been the strongest point of craigslist model i.e. offering very low prices that attract and keep the customers (Osterwalder 270). Selling: this involves the actual persuading and convincing a customer to buy a product. This calls for a precise understanding of what is required to close a business deal, and subsequent organization of a sales force. Craigslist does not stock items that it deals with but rather performs the deals as an intermediary. Delivery /distribution: this is the process of transporting goods from the business premises to the

Volly 2 Essay Example | Topics and Well Written Essays - 500 words

Volly 2 - Essay Example In this touch ten drill the defenders run hitting line with all the hitters. The coach will toss the ball to the setter and the setter sets the ball to any of the hitter he likes. The hitter will try to avoid all the defenders while smashing the ball. The defenders can start from anywhere in the court for effectively blocking the smashes (X-hitters, C-Coach, D-Defender, S-Setter) (Volleyball.com). The figure given below is another form of touch ten defensive drill. This drill teaches aggressiveness along with improving reflex reaction times. Reflexes and reflex reactions are important in every sports and volleyball is also not an exception. Here X stands for defenders and C for the coach. Coach hit the ball repeatedly to any of the three defensive players. There will not be any clue about who is going to receive the ball from the coach. All the defenders should be ready to receive the ball every time when the coach hit the ball. The coach on the other hand mixes his shot with less power, more power, less accurate, more accurate, and also he uses variety of swings also in each of the shots he make (Volleyball.com). This drill is intended for strengthening of offense. This is intended for closing the hole between the blockers by the smasher. It requires blockers at one side and the setter and the hitters on the other side. The ball tossed by the coach to the setter, sets to an outside hitter. The hitter should try to smash the ball between the blockers. The middle and the outside blocker start the drill by standing next to one another so that the timing is not an issue. This drill can be practiced using two and three blockers. Initially the drill starts with two blockers and then in order to increase the difficulty level in hitting the ball, instead of two, a third blocker is also used (Volleyball Plays and

The Company Law Review was a missed opportunity to implement a model Essay

The Company Law Review was a missed opportunity to implement a model of the company better adapted to contemporary challenges.Discuss with reference to S.172 of the Companies Act,2006 - Essay Example Auditors were in hand with management and their reports were misrepresenting. Thousands of innocent people have lost their savings and investments. The Department of Trade and Industry (DTI) conceived that businesses in general will benefit from the new measures put forward in the proposals. There will be greater clarity on directors duties to include more attention to the interests of shareholders, but can pay regard to the long as well as the short term, taking due account of the interests of employees, suppliers, consumers and the environment. (Company law reform: UK proposals published, Out-Law News, 18/03/2005, http://www.out-law.com/page-5438, accessed on 10th April, 2009) The duty which is laid down in section 172 substitutes the common law duty of dedication. This duty of the Directors is considered as the duty to act in good faith in the interests of the company. The new duty warrants action towards the success of the company. The promotion should be for the welfare of the members as a collective body: it should not be just for the sake of the shareholders. This duty on the part of the directors is: The Company Law Review considered the following major issues in their proposals restructuring those parts of company law most relevant to small businesses, making it easier for them to understand what they need to do. The main issues are: growths in recognized best practice’ in corporate governance,1 with the outcome that it is now difficult and time consuming for directors to find out precisely what is the law applicable to the companies. In 1998, the then Secretary of State for Trade and Industry determined that there should be an all-inclusive appraisal of company law. The Review was carried on by a Steering Group constituting experts from law, commerce, accountancy and academia, with the support of a generally based Consultative Group, and it brought out its concluding report in July 2001. The Government reacted to the Review Groups propositions

Advantages and Disadvantages of Globalization for Business Essay

Advantages and Disadvantages of Globalization for Business - Essay Example The researcher states that globalization can be defined as the incorporation of national economies into the world market. Integration is achieved through international direct investment, trade migration, cash flow and the advancement and spread of technology. Markets, where it is prevalent and specifically widespread, are financial markets such as credit and money markets, insurance markets and capital markets. Commodity markets, for example, gold, oil, coffee, and tin. Product markets, for example, consumer electronics and motor vehicle. Globalization in relation to business can be described as the process allowing investment and financial markets to carry out business internationally mainly as a result of deregulation and better communications. It is evident that the current world is closely networked together. However, it is easy to lose focus just how rapid and systematically globalization is occurring and how many business organizations are being run. Drucker noted that globaliz ation is not an economic phenomenon but psychological. He noted that all of the advanced western principles and approaches are taken as the norm by many nations. The view took shape for Drucker in 2001 when an old student from Taiwan working in China paid him a visit. Drucker asked him â€Å"what is the most important thing that has happened in China the last three to five years?† the former student paused for a while and answered that the Chinese at that time considered purchasing a vehicle is a need not a luxury. The exact situation is same in Russia where business analysts anticipate the country surpassing Germany and becoming the biggest car market in Europe. However, taking advantage of such opportunities need a specific set of expertise. For instance, there is no need in strategizing the activities of the forever more intricate network of world suppliers, extracting profit on every deal.

Haitian Culture Article Example | Topics and Well Written Essays - 500 words

Haitian Culture - Article Example Gays state that they have to hide their feeling and be isolated from the society. Their life is in danger. â€Å"Human rights campaigners in the Caribbean nation say they know of 47 assaults in just one week, though attacks have slowed in recent days following government intervention. Some have had their lives threatened or had their houses have been burned down or looted†. Thus, Ronald’s parents would judge him severely if they get to know about his orientation and diagnosis. They would ask him to leave their house. Haitians consider homosexuality to be the main reason of HIV, however, it is not proved scientifically. Haitian society is far from being democratic and this is the main problem. In order to build the right strategy to fight with HIV, Haitians should, first of all, get rid of their prejudices, the main task is to stop discrimination. The main task of sociologists is to work with people, organize different conferences, especially lessons for children. Second ly, they should base their conclusions on the real facts and statistics instead of on religion, thus the second step is to make real statistics available for people, for example, at the conferences, at work, in the higher level institutions, in schools. Thirdly, all the efforts should be directed at revealing the main reasons of so many cases of HIV in the country and decide on how to struggle with this. Patients with HIV should be examined thoroughly to find similarities in their way of life, genetics, and the propensity of the organism.

Emotional intelligent Essay Example | Topics and Well Written Essays - 1500 words - 1

Emotional intelligent - Essay Example The last part will highlight proper practices toward enhancing the emotional intelligence of the employees in the company. The article entitled What is Emotional Intelligence? formally defined emotional intelligence or EI as â€Å"Emotional intelligence is the ability to perceive emotions, to access and generate emotions so as to assist thought, to understand emotions and emotional knowledge, and to reflectively regulate emotions so as to promote emotional and intellectual growth† (Mayer 1). Firstly, the ability-based model is hinged on the assumption that emotions serve as a medium of information that is helpful in social environments and in social relationships. Since not all individuals share the same capabilities on the processing of emotional information, this model presents three common types of emotional abilities: (1) emotional perception highlights the person’s ability to recognize and understand his and other people’s emotions through verbal and non-verbal forms of communication; (2) emotional use banks on the capacity to use emotions to undertake other cognitive abilities; and (3) emotional management looks at the ability to self-regulate emotions of oneself and of other (MTD 23). In all of these models, it can be claimed that studying people’s personal and social competencies is crucial in assessing the overall status of their emotional intelligence. These two realms of EI have been used as guide in coming up with an in-depth examination of EI (Dattner 3). In a research document entitled The Emotional Competence Framework, personal competency has been discussed as a combination of: (1) self awareness that stresses on emotional awareness, accurate self-assessment, and self-confidence; (2) self regulation that underscores self control, conscientiousness, adaptability, and innovativeness; and (3)

Adoption of Islamic Banking Essay Example for Free

Adoption of Islamic Banking Essay The intention of the study is to identify the benefits which could be drawn in Adoption of Islamic banking by conventional banks and to determine the challenges they are going to face in the adoption. The 60 respondents from various conventional, non-Muslim banks have been chosen through simple random sampling. The result of the survey for the questions regarding the awareness of the local people was considered positive in Edgware Road, London. They were mostly familiar with Islamic banking since there is already established Islamic bank in the area. The first branch of The Islamic Bank of Britain was in this area. It was also found out that a good portion non-Muslims are aware about the features of Islamic banking. A number of these non-Muslim respondents were also found to be employees of Islamic banks. The fact that Islamic Bank of Britain employs the best person for the job regardless of color, creed, gender, and ethnicity, the system makes it more familiar to non-Muslims. It may be concluded that although Islamic banking is a good alternative to the conventional banking system, it should not replace the conventional system. The benefits drawn in the adoption of Islamic banking may be a very good alternative for investors who could use either or both systems to maximize the outcome of their investment plans. Chapter 1 Introduction 1. 1 Introduction What is Islamic Banking? Islamic Baking is quite a different system compared to a conventional banking system. The Islamic banking system prohibit usury and interest categorized as riba. It is governed by Shariah where Islam does not distinguish interest and usury (Haron 1995, p. 26). Currently, there are more than 150 interest-free institutions all over the world according to the International Association of Islamic Banks. Islamic banks nowadays were also serving non-Muslim countries such as Denmark, Switzerland and other Western countries. No interest is paid nor charged in an Islamic Bank. (Haron 1995, p. 26). The pioneer Mit Ghamr Local Savings Banks was established in 1963, somewhere in Nile Delta, Egypt, a provincial rural center. Although most of the banks operate in Muslim countries, it was also extended to the Western world. An example is the Islamic Banking System International Holding which was established in Luxembourg in 1978. It is considered as the first Islamic bank in the Western soil. The establishments of these banks were followed by other Islamic banks not only serving Muslim customers but also those who expanded their operations to service non-Muslims (Haron 1995, p. 27). After more than a decade since its establishment, it was estimated that over US$20 billion to US$40 billon of assets existed in the Islamic banking system worldwide. Currently, they have grown for more than US$60 billion. A study shows that the adoption of Islamic Banking in a financial system has not led to collapse as some feared to happen (Ghannadian Goswami 2004, p. 242). Islamic banking is also playing a very important role in resource allocation, mobilization and utilization. It means Islamic banks are also providing savings to depositors and credits to the needy. Normal deposits such as savings account, current account and investment deposits are very available to customers. Islamic banks provide financial assistance in a short or long term business and individuals. They are also involved in international trade activities (Haron 1995, p. 27). 1. 2 Research Background It is difficult to pinpoint when Islamic banking started, but consensus suggests that it took place in Egypt in the 1960’s. In the mid 1970’s, Islamic banking started to take root in other Muslim countries. The changes were explained into main factors. First, the 1970s have seen oil price shocks which led to a massive transfer of wealth for the oil-consuming to oil-producing countries. Second is the fact that the oil shock coincided with the Iranian revolution which brought about the Khomeini government and the first Islamic republic (Akacem Gilliam 2002, p. 126). By 2003, there were about 176 Islamic banks around the world, handling over US$ 147 billion and 32 banks are in an Arab state (Info Prod Research, 2003). This form of specialized banking may help to promote growth in the developing countries (Ghannadian Goswami 2004, p. 242). As recent as 2003, there have been news about the introduction of Islamic hedge funds which could tap into the capital of Islamic families that could be worth a trillion dollars in asset management. According to banking statistics, the growth rate of Islamic banking has outpaced the growth of traditional banking in the past decade. Transformation Oriented Developing Economies (TODEs) made the transformation of society into full pledged market based economies (MBEs) a centerpiece in overall strategies. Many structural changes are required in its financial institutions, especially that the role of a financial intermediary in supplying funds to a growing new industry is crucial. Moreover, there are times when improper resource allocation may potentially result destabilization due to either faulty risk assessments. Or because of the design of its contract could be significant in examining the implementation of an Islamic banking system and how Islamic banks can provide liquidity and aid in creating money. This is through offering transactions accounts with compensation for inflation to risk-avoiding depositors (Ghannadian Goswami 2004, p. 242). Evolution of Islamic The first modern experiment with Islamic banking was undertaken in Egypt. The pioneering effort of projecting Islamic image was led by Ahmad El Najjar who aimed to establish a savings bank based on profit-sharing in the town of Mit Ghamr in 1963. This experiment lasted until 1967, and by that time there were nine banks operating in the country. These banks neither charged nor paid interest and invested mostly in trade and industry directly or in forms of partnership and shared their profit with the depositors. This function is essentially a savings investment institution rather than a commercial bank. The Nasir Social Bank was established in 1971, IDB established in 1974 by the Organization of Islamic countries, and was the primarily inter-governmental bank aimed at providing funds for development projects in member countries (Sohrab 1996, p. 287). In considering the adoption of Islamic banking by conventional banks, what kind of benefits may be drawn from such adoption and the challenges they are going to face in undertaking such? Most benefits that may be drawn from the adoption of Islamic banking by conventional banks come from the features of its equity financing contract. With Mudaraba (trustee financing) and Musharaka (equity participation), entrepreneurs with little means and substantial collateral are able to gain access to capital (Sohrab 1996, p. 288). In addition, few businesses are able to operate strictly on cash basis without taking on debt or selling a portion of the business just to cover shortfalls or when there is a need for expansion (Bartlett Economy 2002, p. 184). Because of this, it will be more attractive to engage into Islamic bank equity financing than that of conventional banks offering debt financing thus, making Islamic banking more competitive with regards to innovative entrepreneurial customers.