Monday, January 20, 2020
Grapes of Wrath and Its a Wonderful Life :: Economy Great Depression Essays
Grapes of Wrath and It's a Wonderful Life Following the relatively prosperous era nicknamed the "Roaring Twenties" came the Great Depression. Unemployment skyrocketed and good times were hard to be found. In the movie "It's a Wonderful Life" - we see the transformation from stability to utter chaos. With World War I freshly over, there was joy and celebration to welcome American 'boys' coming back home. Huge technological improvements and scientific breakthroughs paved the way for larger, more stable and profitable financial markets. Fast and easy money was too be made by playing the booming stock market - many lay men took advantage of these opportunities without having a complete understanding of what exactly they were doing. This inevitably led to the crash that sent America and the world into the Great Depression. In the movie - we see the first stages of the panic that spread throughout the country. People got scared and ran to the bank to take out their life-savings. What they did not understand was that no bank carries all its customers money at the same time. Profits are made off loans (which come from money kept in the bank by customers) with interest rates. This is what George Bailey tries to explain to the people of Bedford Falls, when they come to take their life-savings out of Baileys Building and Loans. However, not everyone was satisfied with George Bailey's explanation. They much preferred to have hard cash on them, which led some to turn to Mr. Potter (the stereotypical evil character who represents all that is bad), who offered fifty cents for every dollar. This of course allowed Potter to make huge profits out of other peoples loss. George's institution was unable to match Potter, not only because he believed it was unethical, but also because they were not a big and strong enough institution. Realizing this, Potter tried numerous times during the course of the movie to shut down the Buildings and Loans or take it over - to no avail. It was his aim to capture a monopolistic market over Bedford Falls that would allow him to charge any rates he wanted and thereby ensure himself a sufficiently large profit. It would also mean the end of a free market in Bedford Falls. A likely byproduct of a monopoly is feudalism, which could have arisen, given half a chance. It was the Bailey bank that always stood in the way of this happening.
Sunday, January 12, 2020
Marketing Review Essay
You track sales and profits, and discover that pants are selling better than shirts, apparently because the shirts are too expensive. You will look for a lower-cost supplier for shirts, or consider dropping your prices if you can afford to do so. 2. You realize that your experience as skaters is a plus; however, your lack of experience in selling clothing could hurt you. You find out that a skateboard shop in town wants to branch out into inline skating; however, you also find out that Nike is thinking about expanding its product line to include special inline skating clothes. 3. You decide that you will target college students who enjoy inline skating, and will aim to establish yourself as a company that offers trendy clothes for the student budget. 4. You decide that your business focus will be to offer fashionable yet durable clothing for inline skaters, with built-in protection for knees and elbows. 5. You offer clothing that college students would want to wear, price it for a student budget, sell it online and in sports stores near college campuses, and promote your products on Facebook. 8. As the text explains, Nike, the prominent athletic shoe manufacturer, relies heavily on athlete sponsorships to build demand for its products. Spectators at major sporting eventsââ¬âboth those attending in person and those watching at homeââ¬âfrequently see the Nike ââ¬Å"swooshâ⬠logo worn by elite athletes. Given the vast worldwide audience for Olympics broadcasts, an Olympic year gives Nike increased exposure. On a Nike situation analysis in an Olympic year, would you consider this exposure to be a strength or an opportunity? Explain your reasoning; be specific. Nike, the prominent athletic shoe manufacturer, acquired Cole-Haan, a manufacturer of dress and casual street shoes, in 1988. Depending on your interpretation of the products and markets involved, you might be able to argue that this acquisition represented any of the four major growth strategies. For EACH of the four growth strategies, offer a justification that the Cole-Haan acquisition represented that particular strategy. Donââ¬â¢t just define what the growth strategy means; apply the definition to this specific example. Once you have offered a justification for each of the four growth strategies, choose the one you think the Cole-Haan acquisition best represents, and explain why. Subway is a large chain of franchise sandwich shops. Marcia owns three Subway stores in a large city. At the end of the year, she notes that sales rose from two to five percent over last yearââ¬â¢s sales at Stores 1 and 2, but fell two percent at Store 3. Marcia decides to give large bonuses to the managers of Stores 1 and 2, and to put Store 3ââ¬â¢s manager on probation. Critique Marciaââ¬â¢s evaluation of her storesââ¬â¢ performance. What would you have done differently? Be specific. Question marks: low market share/high growth rate. Candidates for strategic marketing planning, assessing potential for growth. 2. Dogs: low market share/low growth rate. Candidates to be phased out unless they are needed to complement or boost sales of other products. 3. Cash cows: high market share/low growth rate. Sources of funding for other parts of the firm. They typically require modest promotional and production support. 4. Stars: high market share/high growth rate. Usually require continued promotion efforts and expansion of production capacity. 136. The two bases of classification are relative market share (high-low) and market growth rate (high-low). This leads to four quadrants labeled stars, cash cows, dogs, and question marks. 137. Your sales manager wants you to stop selling those products that are in slow growth markets and which the company has a small relative market share. The manager also wants you to spend more time and effort selling products that are in high growth markets and which the company has a high market share. Finally, you should continue to sell but not put additional effort into high relative market share, low market growth products, referred to as cash cows. If Ryan pursues a market development strategy, he will attempt to serve new market segments. Since his product is a restaurant, market development would likely include opening additional locations in other areas, offering the same menu. 138. If Ryan pursues a market penetration strategy, he will likely expand advertising and promotion, maybe adding billboards, promoting specials, adding hours and likely expanding the restaurant to serve more customers. If they pursue a diversification strategy, they would market new products or services to a market segment they are not currently serving. Targeting landscape design or maintenance services for commercial customers would be one type of diversification. 139. If they pursue a product development strategy, they will offer new products or services to the firmââ¬â¢s current target market. A nursery could logically provide a landscape design consulting service, landscape maintenance service, soil and pest testing service or add additional products such as indigenous plants. 140. Many elements might be included, but it is important for students to demonstrate they understand the importance of allocating resources, leveraging competencies, capitalizing on strengths and minimizing weaknesses, coordinating efforts and decisions, and facilitating smooth operations for the firm. 141. Firms operate in a complex environment, and it is easy to overlook critical issues in the overwhelming possibilities. A structured approach will minimize the possibility that important items will be overlooked. It is also a way to ensure the transparency for the rest of the organization who depend on marketing for leadership. 142. Operational excellence, because it focuses on efficiency in its supply chain. 143. Creating and developing customer value. 144. Summerââ¬âplanning; Fallââ¬âimplementation; Springââ¬âcontrol. 145. SWOT analyses help a firm evaluate the current situation, both the internal environment and external environment. 146. Opportunities that build on a firmââ¬â¢s strengths relative to those of their competitors. 147. Market penetration, because the companies are trying to sell additional products (marked down) to current customers. 148. Product development, because the CD is a new product (just recorded) and itââ¬â¢s being sold to current customers. Some students might say that it is a market development strategy. For this to be correct, they would have to argue that a different market segment that currently doesnââ¬â¢t drink orange juice is being targeted. 149. The best answer is that this is a market penetration strategy. The slogan seeks to increase sales of a current product (orange juice), which reduces the options to market penetration or market development. ââ¬Å"It isnââ¬â¢t just for breakfast anymoreâ⬠sounds like the Growers Association wants those who drink orange juice at breakfast time to consider it at other times of the day too. In other words, it focuses on increasing usage among current customers, which is market penetration. 1. Locational excellence: In addition to having a top-notch website, try to get your products into as many retail stores as possible, probably focusing on sporting goods stores. 2. Operational excellence: Develop close relationships with suppliers of fabric and other raw materials and with retailers. 3. Customer excellence: Offer outstanding service, perhaps including live chat on the website as well as no-hassle returns if the customer changes his or her mind about a purchase. 4. Product excellence: Focus on continually improving the products and making them the most advanced ones on the market, perhaps using stylish yet durable fabrics that wonââ¬â¢t be damaged in a fall. Then work to develop a clear positioning statement for your brand. 150. There are many correct answers; here is a sample. To make this question easier, you could ask the student to provide an idea for just one or two of the macro strategies. 1. Threats-could include the recession, a glut of graduates in the field, or reduced demand for professionals in the field 2. Opportunities-could include expected growth in the field, a new firm starting up in the area that will be hiring, or a shortage of graduates in the field 3. Weaknesses-possibilities include lack of experience, inability to relocate, or a low GPA 4. Strengths-students might mention internship experience, past work experience, classes taken, personal characteristics, or personal contacts Students will come up with a variety of answers depending on their individual situations. They will probably need to do some speculation for Opportunities and Threats. Here is a sample: 151. In order to make sure the students clearly classify the factors, you might want to provide an answer space with four sections; in each one, include a blank line for the name of the section and additional space for the factor. If you want to make this question more difficult, you can add to the question the following: ââ¬Å"What should Microsoft have done before deciding to discontinue the product?â⬠The answer: Microsoft should have determined the causes for the disappointing sales in order to determine whether or not another action (perhaps a different target market, a price adjustment, or a revised promotion plan) could put sales back on track. Some students might also answer ââ¬Å"Control phase.â⬠Strictly speaking, this is a phase and not a step; however, Step 5 is the only step of the process that fits into the Control phase, so you may want to accept both as correct answers. 152. Step 5ââ¬âEvaluate performance using marketing metrics. 153. A. Evaluate results; B. Situation analysis; C. STP; D. Business mission; E. Implementation 154. A reasonable argument can be made for this being a strength or an opportunity, so this is about the rationale offered. This could be viewed as a strength in that Nikeââ¬â¢s logo is ubiquitous and well-recognized, and customers in Nikeââ¬â¢s target markets will be reminded of the many sports for which Nike offers shoes and apparel. It could also be viewed as an opportunity to strengthen Nikeââ¬â¢s position overseas (due to international viewership) and to increase awareness of the breadth of Nikeââ¬â¢s products (due to increased viewership of niche sports that ordinarily donââ¬â¢t get much attention). This question helps to point out that classifications are rarely black and whiteââ¬âhow things are viewed depend on assumptions. Diversification: If you argue that dress/casual street shoes represent a different type of product from athletic shoes, but that different customers would buy Cole-Haanââ¬â¢s dress shoes from those that buy Nike athletic shoes, then the Cole-Haan acquisition enabled Nike to sell new products to new markets. Product development: If you argue that dress/casual street shoes represent a different type of product from athletic shoes, and if you argue that Nikeââ¬â¢s customers would also purchase dress/casual street shoes, then the Cole-Haan acquisition enabled Nike to sell new products to its current customers. Market development: If you argue that shoes represent one type of product regardless of the type of shoe, but that different customers would buy Cole-Haanââ¬â¢s dress shoes from those that buy Nike athletic shoes, then the Cole-Haan acquisition enabled Nike to sell its existing product (shoes) to new markets. 155. Market penetration: If you argue that shoes represent one type of product regardless of the type of shoe, and if you argue that Nikeââ¬â¢s customers would also purchase dress and casual street shoes, then the Cole-Haan acquisition enabled Nike to sell more of its existing product (shoes) to its current customers. 156. The major problem with Marciaââ¬â¢s evaluation is that her only point of comparison seems to be last yearââ¬â¢s sales figures. She should attempt to obtain information on sales trends at other Subway sandwich shops, and if possible, at competing sandwich shops in her city. For example, perhaps her competitors and/or fellow franchisees saw much larger gains, perhaps due to an improving economy. She should also seek to understand whether or not there might be an explanation for the reduction in sales at the third store. Perhaps it is located in a shopping center that has been losing tenants, which would be beyond the managerââ¬â¢s control and therefore shouldnââ¬â¢t factor into a performance evaluation. ch02 Summary Category # of Questions AACSB: Analytic 158 Blooms: Analyze 5 Blooms: Apply 52 Blooms: Evaluate 9 Blooms: Remember 23 Blooms: Understand 69 Difficulty: 1 Easy 23 Difficulty: 2 Medium 82 Difficulty: 3 Hard 53 Grewal ââ¬â Chapter 02 158 Learning Objective: 02-01 Define a marketing strategy. 40 Learning Objective: 02-02 Describe the elements of a marketing plan. 17 Learning Objective: 02-03 Analyze a marketing situation using SWOT analysis. 14 Learning Objective: 02- 18 04 Describe how a firm chooses which consumer group(s) to pursue with its marketing efforts. Learning Objective: 02-05 Outline the implementation of the marketing mix as a means to increase customer value. 17 Learning Objective: 02-06 Summarize portfolio analysis and its use to evaluate marketing performance. 27 Learning Objective: 02-07 Describe how firms grow their business. 25 Topic: Evaluating Performance 10 Topic: Growth Strategies 25 Topic: Implementing the Marketing Mix 8 Topic: Marketing Mix 6 Topic: Marketing Plan 6 Topic: Marketing Planning Process 11 Topic: Marketing Strategy 40 Topic: Portfolio Analysis 13 Topic: Step 2: Conduct a Situation Analysis 4 Topic: Step 3: Identifying and Evaluating Opportunities Using STP 1 Topic: Step 4: Implement Marketing Mix and Allocate Resources 2 Topic: Step 5: Evaluate Performance Using Marketing Metrics 4 Topic: STP 17 Topic: SWOT Analysis 10 Topic: What is a Marketing Strategy? 1
Friday, January 3, 2020
No Child Left Behind Is An Act Designed - 985 Words
As previously stated, No Child Left Behind is an act designed to help students achieve and learn more in the elementary through high school grade levels. The act was put into place on January 8th, 2002 by President Bush as a reauthorization of the Elementary and Secondary Education Act (No Child Left Behind). The act was implemented into every public school in America, and has promoted the emphasis on math, reading and writing (White). The act required annual testing in schools of all students from third to eighth grade in the 2005 to 2006 school year. Studies have shown that No Child Left Behind has been increasing studentsââ¬â¢ test scores, and the act has also ââ¬Å"closed the achievement gapâ⬠between white and minority students (White). Writer Debra White states that, ââ¬Å"while No Child Left Behind helps minorities get the same level of educational achievement as white students do, it also helps students coming from low-income families, students with disabilities , t hose who donââ¬â¢t speak English, African Americans and Latinos to get quality education.â⬠As the No Child Left Behind helps students learn more about reading, writing, and math, the United States Department of Education states, ââ¬Å"America s nine-year-olds posted the best scores in reading (since 1971) and math (since 1973) in the history of the report. America s 13-year-olds earned the highest math scores the test ever recordedâ⬠(Archieved). The No Child Left Behind Act has also increased students test scores. It has helpedShow MoreRelatedThe Ramifications of Government Reform on Education Essay1354 Words à |à 6 Pagesan education in America. However, government acts like No Child Left Behind (NCLB) and Common Core curriculums have been put into effect in order to reverse Americaââ¬â¢s position. They are best understood as tools to bridge the achievement gap regardless of what a child may look like, sound like, or what part of the nation they come from. These programs are designed to help all children excel in school no matter what. Even though the No Child Left Behind Act significantly increased the average performanceRead MoreNo Child Left Behind ( Nclb )1409 Words à |à 6 PagesIn 1965, then President Johnson signed the Elementary and Secondary Education Act into law. Over the years it has been repeatedly reauthorized and updated by congress. No Child Left Behind (NCLB) was first introduced as House Resolution 1 during the 107th Congress in March of 2001. The Act aimed to ensure that all students regardless of race or socioeconomic status would have the opportunity for a solid education. The 2002 reauthorization included major bipartisan efforts to expose achievement gapsRead MoreHow Education Is The Key Focus On Improving Test Scores1635 Words à |à 7 Pagesand foundations of the school, teaching levels, what should be taught and standardized test to check for improvement, and are working on implementing another one called the Common Core State Standards (CCSS). George Bush introduced the ââ¬ËNo Child Left behind Actââ¬â¢ (NCLB) in 2002. Since 1969 the ââ¬ËNational Assessment of Educational Progressââ¬â¢ (NAEP) has provided data on studentsââ¬â¢ test scores and performances. The ââ¬ËMississippi Curriculum Test, Second Editionââ¬â¢ (MCT2) was founded on the MS frameworks ofRead MoreFederal And State Laws Play Essay1202 Words à |à 5 Pagesshow their interest i n their child (Amatea, 2013). California Department of Education advocates with policies and laws to support parent involvement to support studentââ¬â¢s academic success. Federal and state laws play a role in linking families and schools together to build and strengthen social, emotional, and academic growth of children (Amatea, 2013). Parent Involvement Parents should always be an essential and ongoing part of school curriculum; just because their child starts school it does notRead More No Child Left Behind Essay966 Words à |à 4 PagesNo Child Left Behind As students in a Structure Philosophy class, one of the main components has been to introduce and familiarize us with the No Child Left Behind Act. President Bush passed this legislation on January 8, 2002. The NCLB Act was designed to ensure each and every student the right to a fair education, to give parents more options in their childââ¬â¢s education, and to guarantee all teachers are highly qualified. By highly qualified, the act means teachers must have at leastRead MoreThe Reauthorization Of The Elementary And Secondary Education Act948 Words à |à 4 Pages Every Student Succeeds Act was a new law that was signed into legislation in 2015 by President Barak Obama. ESSA is a biparty educational reform law was designed from several aspects of No Child Left Behind. The United States Department of Education (2015) stated that ESSA focuses on factors such as, advancing equity for the nations disadvantaged students by investing more in preschool programs, local innovations, reporting student progress on all high stakes assessmentsRead MoreEvaluation Of A Program Based Assessment Data For The Calculation Of Multi Year Averaging1072 Words à |à 5 Pagesacademic instructional program designed for implementation beyond the regular school day to address the academic needs of low performing students. Middle school. A school that enrolls 11-15 year-old students in grades six, seven, and eight. Multi-year Averaging. If a school fails to make AYP based on the AMOs for reading/ELA and math, test scores from the current school year are averaged with test scores from the preceding two years. This rolling average is designed to mitigate the fact that studentRead MoreEssay about Anotated Bibliography No Child Left Behind760 Words à |à 4 PagesLevente Vizi Professor Di Gloria ENC 1101 T2 137 25 March 2012 Annotated Bibliography What the paper Whats Missing from No Child Left Behind? A Policy Analysis from a Social Work Perspective. argues is that the No Child Left Behind bill might not be accomplishing its purpose. Moreover, the paper sheds light on the social and emotional risk factors that prevent students from succeeding in school. In the end, the article suggests that school social workers are capable of eliminating theseRead MoreThe No Child Left Behind Act Of 2001 ( Nclb )1227 Words à |à 5 PagesThe No Child Left Behind Act of 2001 (NCLB) is a United States Act of Congress that is a reauthorization of the Elementary and Secondary Education Act, which included Title I, the government s flagship aid program for disadvantaged students. No Child Left behind was enacted with the intent to become a government aid program for disadvantaged students, and eventually raise the general education standards for the United States. This act was created with the idea to ââ¬Å"close the achievement gap withRead Mo reSpecial Education For Students With Disabilities1466 Words à |à 6 Pagesearlier the intervention for a child the greater the chance the child will succeed. The United States has formed many laws to protect the rights of individuals with disabilities. According to Gargiulo (2012), ââ¬Å"the judicial action and legislative enactments have been two forces that have been powerful tools in securing many of the benefits and rights presently enjoyed by more than 6.5 million pupils with disabilities.â⬠(p.43). The Individuals with Disabilities Act was created to enhance the educational
Thursday, December 26, 2019
The Schlieffen Plan and World War One
As the crisis which began World War One was developing from assassination, through calls of revenge round to paranoid imperial competition, Germany found itself facing the possibility of attacks from east and west at the same time. They had feared this for years, and their solution, which was soon put into action with German declarations of war against both France and Russia, was the Schlieffen Plan. Changing Heads of German Strategy In 1891, Count Alfred von Schlieffen became the German Chief of Staff. He had succeeded the wholly successful General Helmuth von Moltke, who together with Bismarck had won a series of short wars and created the new German Empire. Moltke feared a great European war might result if Russia and France allied against the new Germany, and decided to counter it by defending in the west against France, and attacking in the east to make small territorial gains from Russia. Bismarck aimed to prevent the international situation from ever reaching that point, by trying hard to keep France and Russia separated. However, Bismarck died, and Germanys diplomacy collapsed. Schlieffen was soon faced with the encirclement Germany feared when Russia and France allied, and he decided to draw up a new plan, one which would seek a decisive German victory on both fronts. The Schlieffen Plan The result was the Schlieffen Plan. This involved a rapid mobilization, and the bulk of the entire German army attacking through the western lowlands into northern France, where they would sweep around and attack Paris from behind its defenses. France was assumed to be planning ââ¬â and making ââ¬â an attack into Alsace-Lorraine (which was accurate), and prone to surrendering if Paris fell (possibly not accurate). This entire operation was expected to take six weeks, at which point the war in the west would be won and Germany would then use its advanced railway system to move its army back to the east to meet the slowly mobilizing Russians. Russia could not be knocked out first, because its army could withdraw for miles deep into Russia if necessary. Despite this being a gamble of the highest order, it was the only real plan Germany had. It was fed by the vast paranoia in Germany that there had to be a reckoning between the German and Russian empires, a battle which should ta ke place sooner, while Russia was relatively weak, and not later when Russia might have modern railways, guns, and more troops. There was, however, one major problem. The ââ¬Ëplanââ¬â¢ was not operational and wasnââ¬â¢t even really a plan, more a memorandum briefly describing a vague concept. Indeed, Schlieffen may even have written it just to persuade the government to increase the army, rather than believing it would ever be used. As a result, there were problems: the plan required munitions in excess of what the German army had at that point, although they were developed in time for the war. It also required more troops on hand to attack than could be moved through the roads and railways of France. This problem was not solved, and the plan sat there, seemingly ready to use in the event of the great crisis people were expecting. Moltke Modifies the Plan Moltkeââ¬â¢s nephew, also von Moltke, took over Schlieffenââ¬â¢s role in the early twentieth century. He wanted to be as great as his uncle but was held back by not being anywhere near as skilled. He feared that Russiaââ¬â¢s transport system had developed and they could mobilize quicker, so when working out how the plan would be run - a plan that was possibly never meant to be run but which he decided to use anyway - he altered it slightly to weaken the west and reinforce the east. However, he ignored the supply and other problems that had been left due to the vagueness of Schlieffenââ¬â¢s plan and felt he had a solution. Schlieffen had, possibly accidentally, left a huge time bomb in Germany which Moltke had bought into the house. World War One When war looked likely in 1914, the Germans decided to put the Schlieffen Plan into effect, declaring war on France and attacking with multiple armies in the west, leaving one in the east. However, as the attack went ahead Moltke modified the plan even more by withdrawing more troops to the east. In addition, commanders on the ground also veered away from the design. The result was the Germans attacking Paris from the north, rather than from behind. The Germans were halted and pushed back at the Battle of the Marne, Moltke was considered to have failed and replaced in disgrace. A debate over whether the Schlieffen Plan would have worked if left alone began within moments and has continued ever since. No one then realized how little planning had gone into the original plan, and Moltke was vilified for having failed to use it properly, whereas its probably right to say he was always onto a loser with the plan, but he should be vilified for trying to use it at all.
Wednesday, December 18, 2019
We Need A Permanent For Federal Government Subsidized Job...
Proposal: We need a permanent, federal government subsidized job program where those who want to work should be able to work. It should be available for all citizens and legal residents of America, including felons, disabled people, and those above the poverty line. It should truly be nationwide and uniform in its implementation. Finally, it should be permanent, as there are many people who cannot find employment even though the Great Recession is over. Program funds not used in times of prosperity can be allocated for future employment use during economic decline. Policy Basis: Government subsidized jobs matter because our society is based on work. The American Dream specifies hard work as a ladder to economic mobility and eventualâ⬠¦show more contentâ⬠¦In a capitalist society, one must earn money by working in order to sustain oneself and oneââ¬â¢s family. While this model was conducive to a frontier society where labor was in high demand and work was afforded to every (able-bodied) (white) man, it is now the case that there are many people that would like to work but cannot. Therefore, government subsidized jobs help to promote American capitalism while minimizing the amount of people left out by the system. In addition, reduced unemployment leads to stability and a better wellbeing for everyone but especially those who need it most, namely, the long-term unemployed, the disabled, and the convicted. Even in times of plenty, Rebecca Blank identified that ââ¬Å"low wage workers- the working poor and the near poor- face substantiall y more problems with job availability than do higher-wage workersâ⬠, as workers without a high school diploma are five times more likely to be unemployed than those who went to college. Therefore, regardless of economic conditions, there is a substantial part of the workforce that is ââ¬Å"actively seeking work but not finding itâ⬠(Blank, 58). Blankââ¬â¢s characterizations do not even begin to address the unemployment rate for convicted felons, where ââ¬Å"myriad laws, rules, and regulations discriminate against ex-offenders and effectively prevent their meaningful reintegration into the mainstream economy and societyâ⬠(Alexander, 17). However, as government subsidized job
Tuesday, December 10, 2019
Google Markets Preliminary Matter
Question: Discuss about theGoogle Marketsfor Preliminary Matter. Answer: Introduction Google is well known for its trick of matchmaking i.e. there technique in of pairing the pool of internet user to the advertiser is amazing. Some of the observer has concluded that this match making somehow represent one of the greatest business ideas in history (Preis et al 2013). This has never been done by other media companies like television, magazine and newspaper but none is more profitable. Google mission is pretty clear to rearrange all the information in the world and make it accessible and useful to the whole universe. Understanding Search As a preliminary matter to study search then one has to understand its mechanics, how Google as a firm does indexing to the web and does the ranking own its search results. Its also crucial to the entire infrastructure which provide power to Google and they boost their competition through its scaling and complexity. When looking at search its important to understand the following facts while performing any search, on Google the result on are usually generated by the specific industry professionals to be either natural or organic search. Different engine use distinctive algorithms in coming up with order of the organic results. Specifically Google uses Page Rank techniques initially developed by the founder of Google Larry Page it is a bit of play which all web pages (Wu et al 2014). Its important to know that Google usually never accept financing for placement of any links in organic search results. In the ranking Page Rank consider the pages which have more links and rank them higher thus acting like a contest. Search engine optimization involves (SEO) the process of improving the features of the organic page. Its functionally critical to many organization more in the marketing frame because it should be concerning for the pages to first within the page to ensure that customer easily view the site. Its vague how Google how Google has refined Page Rank because at the past many have tried to jam the system. But they are background efforts to which uses other two hundred signals which is coupled with search support team by constantly carrying out analysis own user behavior to ensure that they tweak the system and while boosting its accuracy. Some link fraud use some bogus websites to link back to the pages they are trying to promote but Google works relentlessly to try and uncover and shut down there efforts (Haucap et al 2014). Spider, Bots and Crawlers When a search is performed in Google its redirected to other search engine and not the web as thought before. The process that includes retrieving something that is a copy of the web, which is the result of many stored and indexed documents that are kept online in their own very computer. The Google index is consist of trillions of URLs an when you start the search Google starts retrieving and how fast Google is, can be proved by how fast the option that appear own the search tab when type a given command. Web crawler, spider or software robots are the specific software that there are used to create the massive indexes which are used to retrieve the information required within the shortest time possible (Gimen et al 2015) They may have some difference but at the end of the day they usually do the same thing. Spider for instance normally collects all the public computer a network or networks for their public websites. They peruse the list or what is known commonly as crawling through all the available is ensuring the pages are uncovered completely. Occasionally Google crawl over the updated sites as often as an hour. The one that are rarely updated are re-indexed after every few days. Based on the crawling methods than it meant that if a website in its original server is not the first page or its not linked to the public page the it may have possibility of it never being found. Additionally as own offer the search provide pages that allow submission of individual websites for indexing purposes. Other people prefer their content in the web to remain of the limit. Several organization have created some set of standards that that hinder the crawler together with other related commercial search and all the engine do respect those standards. Methods used to this include putting lines coding some HTML which invisibly embedded in the web which command the entire crawler to halt indexing those pages. Users cannot see the code but they are visible to the commercial web crawlers. Other methods to stop indexing include website administrators putting special files which prevent or offer guidance on how the software crawler should treat those websites. Search Advertising To get a glimpse of search adverting then one has to know the advertising models and understand factors which underlie the ranking and the display of the adverts which own search page. Beside SEO one has to know what search engine is marketing which are practices involved in the running and constantly optimizing the search engine ad campaigns. Its quite a hot topic like the SEO which is gaining lot of influence. Approximately two-thirds of Google funds come from advertisement found own its sites and most of that comes from the search engines. Google experiment often with merging some videos and images ads with search, but usually the ads that are seen to the organic search are just text ads. Those words are the ads advertisement, which created to target what the user would type as a query. Hence advertiser always bid on the type of words they want to be used so as to ensure the display of their add This a great idea linking search with advertisement since what the user want be search always indicate openly some interest in a given topic. Google ads usually emerge when many user have some purchasing intentions. Thus without any doubt search ads hence are far more effective than the conventional display ads. To make it better, search ads are very targeted because advertiser reward Google only after results are delivered. Advertising through search can be done through the following setting up a Google Ad Words account for advertisement in some few minutes. The specifically choose a singled or multiplied campaign which open up for more than one ads for some keywords. Payment also are specified when a click is done, there overall ad budget and the after that they can control additional factors like timing and ad campaign duration. Mobile Apps the Biggest Challenge for Google Search Its approximated that user spend about 3hours in the US in using there Smartphone and tablet. In comparison between desktop uses of web browsers, users who have tablet are estimated that they use estimated 86% of their time in apps and only 14% own the web. This is a major concern to Google since when a search in own the search engine, it both provide the ads and continuously updates the user profile. But when a search is done through other engine for instant Yelp own the iphone, the Google can trace that at all. Yelp earned up to $550 million in ad alone in 2015, which was a 45% increase from the past year. This list is rapidly growing for specific app that differ the user from the Google web search. This fragmentation has an impact on Google search and the app owner is taking the advertising to another level with a new technique called the deep linking. This development allows launch and provision of information about a given item. Example is clicking a tumblr link for wrist watch and the link direct you to the vendor say Amazon without passing through Google. Comparing the statistics of 2012 and 2014, a great change can be noted. In 2012 the statistics were standing at 82.5% for the share of the mobile search alone. E-market has done there research following the rise of specific app and in 2014 the number were at 65.6% and the growth in the above mentioned was by 5.4% to about 23%. Although the is decline in Google search in mobiles as a remedy Google is now offering some additional features which aim at giving the user a reason to stick to the search and map products (Gimen et al 2015). The new hotel format is an example which allows one to have access to high quality photos, booking services are also provided and hotel rating is also provided. Other example is in the car search, its a format that allow for panoramic peruse through the cars, it offer the surfer build and price opportunity and adding up with finding the dealer. The one for mortgage provide for side to side clear comparisons. The ones for restaurants provide option for food delivery via deep linking. The relevance of Google on mobile especially is absolutely inevitable. But like all other business venture it comes with it shares of risk. For instance the move by Google travel booking is already raising heat with the biggest customer of the firm (Dioun Haveman 2015). Priceline and Expedia spend jointly about %2.5 billion in search and advertising thus making up to 5% of Google revenue. Google has an ability to make a contact hotels, travel agencies and airlines but this would create channel pressure and a shift in the market. Other concerns are the legal issues and the claims that Google is using its dominance in the search to advance its own service above its rivals. Reference Preis, T., Moat, H. S., Stanley, H. E. (2013). Quantifying trading behavior in financial markets using Google Trends. Dioun, C., Haveman, H. (2015, January). The Price of Legitimacy: Regulation, Risk and Uncertainty in Legal Marijuana Markets. In Academy of Management Proceedings (Vol. 2015, No. 1, p. 13312). Academy of Management. Wu, J., Deng, Y. (2015). Intercity information diffusion and price discovery in housing markets: Evidence from Google Searches. The Journal of Real Estate Finance and Economics, 50(3), 289-306. Haucap, J., Heimeshoff, U. (2014). Google, Facebook, Amazon, eBay: Is the Internet driving competition or market monopolization?. International Economics and Economic Policy, 11(1-2), 49-61. Gimeno, J., Yu, T., Zhang, Y. (2015, January). Strategic Impact of Input Hedging on Output Markets: Do Hedging Windfalls Make Firms Aggressive?. In Academy of Management Proceedings (Vol. 2015, No. 1, p. 13146). Academy of Management.
Monday, December 2, 2019
Investing The Customer Service On The Taj Hotel Tourism Essay Example
Investing The Customer Service On The Taj Hotel Tourism Essay The thought behind the survey of this research proposal is to cognize the which, what and how to supply the good quality client services in the TAJ Hotel. In the current computational market there are many organisational groups starts its luxury hotels and made a different schemes to offer a luxury services to the client in the Indian hotel industry. But how to take attention of large trade name name of the TAJ Hotel in the first place to carry through the chief purpose of the client. The Indian Hotels Company Limited ( IHCL ) and its subordinates are jointly known as Taj Hotels Resorts and Palaces and it is an 1 of Asia s biggest and older hotel group. It s controlled by the laminitis of the Tata Group, Mr. Jamsetji N. Tata, the company opened its first hotel, The Taj Mahal Palace Hotel, Mumbai in 1903. The Taj, a symbol of Indian cordial reception, completed its centennial twelvemonth in 2003. The footing at the dorsum of this large trade name name the Taj hotels offers the luxury of service, the zenith of Indian cordial reception, vantage locations, modern installations and concern comfortss. We will write a custom essay sample on Investing The Customer Service On The Taj Hotel Tourism specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Investing The Customer Service On The Taj Hotel Tourism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Investing The Customer Service On The Taj Hotel Tourism specifically for you FOR ONLY $16.38 $13.9/page Hire Writer 3. Organizational Background: The first hotel established in 1903 to 2010 the Taj Hotels Resort and Palaces has a more than 60 hotels in 45 locations in all over India plus 15 international hotels in the UK, USA, Malaysia, Bhutan, Sri Lanka, Africa, the Middle East, Australia and assorted Asia-Pacific Islands. Crossing the length and comprehensiveness of the state, decorating of import industrial towns and metropoliss, beaches, hill Stationss, historical and pilgrim centres and wildlife finishs, each and every Taj hotel offers the amenitiess to luxury, traditional to modern services. TAJ Hotels tally in the luxury, premium, mid-market and value sections of the market through the below classs: TheTAJ ( Luxury full-service hotels, resorts and castles ) is a rich trade name for the universe s most discerning tourer in hunt of echt experiences given that luxury is a manner of life to which they are familiarized. And it s a category of the modern concern hotels, idyllic beach resorts, heritage castles and safari Lodges. Taj Exotica is include in resort and spa class and found in the most alien and restful venues of the universe. Its provide the services in footings of the privateness and familiarity to client. Taj Safari is operate in Jungle and Desert and its provide the invitees with the ultimate, wild life experience based on a proven sustainable ecotourism theoretical account. Taj Modern supply a new coevals of travellers a modern and originative welcome experience that matches their work-hard, play-hard life styles. Stylish insides, advanced culinary art, hip bars, and a focal point on engineering set. The Gateway Hotel ( upscale/mid-market full service hotels and resorts ) is included in the medium budgets clients class. 4. Rationale: To make the concern or work in Hotel Industry in future I forced to analyse on the assorted facets on the Hotel concern. To believe to see to spread outing the my household s little local concern of hotel, I try to acquire the proper cognition about assorted concern schemes through the research of this organisation. Besides, I was taken preparation in TAJ Hotel in my unmarried man grade s preparation period I looked what and how to supply the scope of quality client services and what and how to impact the different internal and external concern factors to pull a client. So, I attracted to choose this organisation for concern research and my future position. 5. Research Aims: The cardinal research end behind this work is to place and analyse the consequence of client to supply a alone quality service and to maintain the client in competitory environment. Besides what schemes and be aftering are required to pull a client and what possibility to maintain the client life-time. 6. Research Question: During this research by utilizing the different informations analyzed method to bring forth a subsequent inquiry: What and Which scope of quality services offering based on season and topographic point? How to place the different demands of the client and how to carry through them? What factors are affected to supplying the good excellence services? What are the new selling attacks in hotel industry? How to spread out the concern in competitory environment? How to maintain the TAJ a large trade name name in Hotel Industry? 7. Literature Reappraisal: Marketing Concept: Taj is functioning the clients to its best in the construct of the accomplishment of corporate end through meeting and put to deathing client demands better than the competition. ( Jobber et al. , 2006, p.3 ) TAj Hotel create a different selling constructs to pull clients otherwise the rivals will non go forth a individual opportunity to catch market portion. For Example- TAJ Starts a Taj Air, a luxury private jet operation and Taj Yachts, two 3-bedroom luxury yachts which can be used by invitees or man of affairs in Mumbai and Kochi, in Kerala ( India ) . Different Customer Services: TAJ divides its hotel in the construct of a different scope of clients service as mentioned above.Also use the basic selling construct of Product, Place and Time, Price, Process, People. Merchandise TAJ Hotel offer a excellence service like luxury suits, Traditional to modern interior based room and eating house, watering place, fittingness centre and good technological substructure of concern Centre. Heritage Flying Suites: These suites are renowned for their architecture and built an old-world architecture. Besides Guests can take a what types of have a pick of suites that overlook the metropolis or pool or face the Gateway of India and the Arabian Sea. Promotion TAJ on a regular basis comes with its advanced thought of to up with offers during season and off-season such as TAJ Holiday summer and monsoon bundles in its hotels. They besides announced or inform to client for its approaching events or exhibition by monthly calendar clip. Monetary value TAJ besides divides its hotel and services in monetary value based like up-class/upscale services and economic/medium category services. But its provides a good quality based services that spend by cusomer. Besides, its give a price reduction or assorted club point or shopping verifier to its regular client. Procedure Taj has a ain alone client relationship Management ( CRM ) system that s maintain a records of all client and its demands. Peoples TAJ has a 24000 employees fulfilled the purpose of the hotel of zenith of Indian Hospitality. Besides Taj has a assorted professional squad like Professional individual, Personal Agents, Technological individual, Travele agents for presenting the best services. PEST Analysis of TAJ Hotel: Political Factor: TAJ Hotels running on domestic every bit good as different 12 states, So its faced a many political issue to spread out and run its concern. Different states authoritiess has a different policy and jurisprudence about hotel industry. TAJ MAHEL Hotel Mumbai faced a terrorist onslaught in September 2008 and so generates a assorted security issue respects to the Hotel. Economic Factor: There are many Ecomomic factors affect the company s net income and enlargement program in international market like states economical state of affairs, revenue enhancement rate, rising prices rate, trade policy etc. In 2008, the period of recession or universe s economic crises TAJ Hotel Share prise about 50 % autumn down but the strong cardinal finance base, experience an large trade name name TAJ Hotel easy come out. Technological Factor: TAJ Hotels is a portion of the TATA Groups, whose are celebrated in advanced and progress in technology.TAJ Hotels provides a service of high-velocity wi-fi cyberspace and assorted progress IT installation to its client for its concern position. Besides, TAJ Hotels maintain a relation with its ain CRM Software. Social Factor: The TAJ Hotels concern tally on many different state and each have a ain civilization and tradition but TAJ Hotel adjust in all civilization and supplying a good traditional every bit good as modern manner of client services. Besides, TAJ Hotels prefers to enroll a local people and to care of local society or community, instruction, civilization development. Besides, set up a local traditional event in its hotel to back up the local humanistic disciplines to carry through its corporate-social duty. Environmental Factor: The TAJ Hotel running a Earth ( Environmental Awareness and Renewal TAJ Hotels ) plans since 2004.The Hotels besides tried to used the eco-friendly and recycling merchandise in its all Hotels. Besides its held a many environmental programmed for consciousness of planetary heating and environment change.TAJ besides received enfranchisement from Green Globe, the lone worldwide environmental enfranchisement plan for travel and touristry. 8. Research Methodology: In Research Methodology is to cognize the what schemes and planning are needed to take of research. The chief connotation behind the fact-finding research is what and how to supply the different unique qualities services so the rivals by TAJ Hotels. Qualitative research is an probe in which the research worker efforts to understand some larger world by insulating and mensurating constituents of that world within their contextual scene ( Gummesson, 2000, p 64 ) . In this Research the aggregation done by usage of the different informations aggregation technique and besides puting the how to roll up a broad scope of informations for the demands of this research. In this investigation of research, there are assorted informations aggregation techniques like questionnaires, studies. 9. Data Collective Method: The position of the research, quantitative and qualitative informations analysis technique are needed but in this research concentrating on qualitative research method. The primary and secondary both types of informations are required. Primary Data aggregation Method: The consequence of any research is depend on how and what schemes and planning are make for research of instance. The informations can be gathered from the current selling technique used by TAJ Hotel. Besides the informations are collected from client feed-back from. The sentiment polls and studies from the clients can be used for the aggregation of informations for the peculiar research subject ( Bhattacharyya, 2009 ) . Questionnaire is besides one of the easy and efficaciously technique for the research worker. In this method straight inquiring the inquiry to client about your research. The chief benefit of questionnaire is to supply a Varity of information. Besides researcher inquiring the more than one inquiry to client and to garner a tonss of informations and after that analyzed informations and take those informations that are required. Interviewing: In this technique, to straight inquire the inquiry from faced-to-faced between clients and company staff. This information are really utile when generates a some job and issues or before launch a new merchandise. Secondary informations aggregation method: Secondary informations is a collected from inside or outside the company. The internal informations are gather from the mention books, diaries, cyberspace or publish research paper.The external informations are gathered from company s one-year studies or authorities public studies and these are numeral and statistics. 10. DATA Analysis: 11. TIME Scale Exercise June 16 July -16 Aug-6 Week WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 Choice of research proposal xA A A A A A Decision on subject rubric A Ten A A A A A Working on research background A A Ten A A A A Rationale A A Ten A A A A Execution on research aims A A A Ten A A A Formulation of research inquiries A A A Ten A A A Working on literature reappraisal A A A A Ten A A Knowing research methodological analysis A A A A A Ten A Clarifying informations aggregation method A A A A A Ten A Working on informations analysis A A A A A A Ten Clarification with the lector A A A A A A Ten Time spectrum A A A A A A A
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