Sunday, March 29, 2020
If suppliers run out of stock or decide to cut supplies short, there are not many alternatives to obtain DVDs or right to a movie. The seller has the power to control distribution and prices. Rivalry among Competing Sellers There are very few competitors in the movie rental industry of which consist of Netflix, Blockbuster, and small businesses. These few control overall market share of the industry. The main competition is between Netflix and Blockbuster. Blockbuster is currently the leader in movie rentals until Netflix introduced their DVDs by mail program and subscription based business model. Buyers Buyers have limited powers and options. An avid movie renter is limited to the selection available in store or library on line. The movie rental companies are limited to the supply they can purchase and stock their stores with. They are unable to control prices, but larger companies do have the upper hand since they can order larger quantities to get a better deal. We will write a custom essay sample on Netflix Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Potential New Entry There are little to no potential entrants into this industry. A recent entry into the movie rental industry is Red Box; they are a vending machine style movie rental. This market requires entrants to have large capitals to acquire movie rights along with fresh new ideas of movie delivery options. 2. What forces are driving changes in the movie rental industry? Are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability Many renters are forced to choose from Blockbuster, Netflix or Red Box and this I believe is favorable because it will help these companies control the market share over video rentals. Convince consumers are always looking for easier and more convenient ways to do things. With all movie renal industry competitors moving in the same direction, it will ensure that there are choices for everyone. 3. What does your strategic group map of this industry look like? How attractively is Netflix positioned on the map? Why? On my strategic group map, Netflix is best positioned due to the lack of having a large physical inventory like Blockbuster, to supply its physical stores. Although Blockbuster has the advantage when it comes making sales on other items aside from video rentals. They also offer games and other perishables which has contributed a percentage of their revenues. Blockbuster also has another slight advantage because not everyone knows how to use a computer. Netflix is can only be accessed via computer with at the very least, broadband connection. Netflix also has more subscribers than Blockbuster does at the end of 2007. It also seems like they both offer similar rental plans, except that Blockbuster offers games and in-store returns and exchanged. Overall, I believe that Netflix is best positioned due to the lack of venturing with different areas and excess liabilities with physical locations. 4. What key factors will determine a companyÃ¢â¬â¢s success in the movie rental industry in the next 3-5 years? How quickly will technology and availability of a product drive a companyÃ¢â¬â¢s success? There are limited amount of competitors, and since most consumers are decision are made through the idea of convenience and price. No one wants to pay neither high prices nor do they want to make sacrifices. Technology is and has been used to extend the reach to attain more ubscribers and at farther distances. Netflix and Blockbuster are no longer limited to retailing within the U. S. Ã ± Blockbuster also has over 1,000 locations out of the U. S But as streaming as well as having a large quantity of available media has helped these companies prosper. 5. What is NetflixÃ¢â¬â¢s strategy? What type of competitive advantage is Netflix t rying to achieve? NetflixÃ¢â¬â¢s strategy is something so simple yet perfect. For a low flat rate, customers have the ability to rent an unlimited amount of movies without the need to even leave the house to pick one out. Movies are received over night and sent back in prepaid envelopes. Allowing customers to rent as many movies as they desire for one flat rate saves customers tons of money and also allows them to do this from the comfort of their own home. NetflixÃ¢â¬â¢s competitive is that they were the first to realize a changing world where people are always buys, looking for more convenient options and trying to save money. So they created a product that people didnÃ¢â¬â¢t even know they needed and fulfilled all of those needs. Picking movies out from the comfort of your home (meaning you donÃ¢â¬â¢t have to take time to drive to the store) and being able to rent as many movies as you want for one flat rate (which saves money) was what Netflix provide to the people and the people loved it. 6. What does a SWOT analysis of Netflix reveal about the overall attractiveness of its situation? StrengthsWeaknesses * Small Inventory- Limited products * No large debt- No physical locations * Good prices * No Late fees OpportunitiesThreats * Potential to grow- On demand * Offer more products- Internet streaming 7.
Saturday, March 7, 2020
Politics Within Sociology Political participation and action within the community should be extremely significant for civilians. In America, the country that I reside in, we the people caste votes for elected officials to carry out laws for us. Although due to contrary belief at times we feel slighted, based on social injustices and rigid corruption within our government. Thus it is important that we are conscious of our leaders decisions from the birth of our nation, most importantly the present, and never shying away from the future. In order to fairly advocate certain beliefs of an ideal government it is important that people are naturally educated on domestic and foreign policies. Once this has been accomplished one can infer their own opinions and implement them within a notion of practicality. When we think of politics we generally think of an authoritative figure. But the definitive meaning is quite broad. Basically it refers to a relationship from wherever power exists. Two general terms of political activation is micro and macro politics. Micro politics refers to the exercise of power on a daily base. In America this can be related to your first amendment rights. On the converse side of things macro politics can be clearly defined of the exercise of power within a large group. Max Weber has stated that power can be defined as legitimate or illegitimate. Legitimate power is known as authority and illegitimate is referred to as coercion. The government also known as the state has the authority to punish people however theyÃ¢â¬â¢d like, even through violence. Sometimes the state oppresses people and revolution will eventually take its toll. Traditional authority throughout history requires tribal custom to dictate certain laws and precedents. Whether itÃ¢â¬â¢s based on role or gender the group has indefinite power through out tradition. The second type of authority is called rational league authority. ItÃ¢â¬â¢s not based on cust... Free Essays on Politics Sociology Free Essays on Politics Sociology Politics Within Sociology Political participation and action within the community should be extremely significant for civilians. In America, the country that I reside in, we the people caste votes for elected officials to carry out laws for us. Although due to contrary belief at times we feel slighted, based on social injustices and rigid corruption within our government. Thus it is important that we are conscious of our leaders decisions from the birth of our nation, most importantly the present, and never shying away from the future. In order to fairly advocate certain beliefs of an ideal government it is important that people are naturally educated on domestic and foreign policies. Once this has been accomplished one can infer their own opinions and implement them within a notion of practicality. When we think of politics we generally think of an authoritative figure. But the definitive meaning is quite broad. Basically it refers to a relationship from wherever power exists. Two general terms of political activation is micro and macro politics. Micro politics refers to the exercise of power on a daily base. In America this can be related to your first amendment rights. On the converse side of things macro politics can be clearly defined of the exercise of power within a large group. Max Weber has stated that power can be defined as legitimate or illegitimate. Legitimate power is known as authority and illegitimate is referred to as coercion. The government also known as the state has the authority to punish people however theyÃ¢â¬â¢d like, even through violence. Sometimes the state oppresses people and revolution will eventually take its toll. Traditional authority throughout history requires tribal custom to dictate certain laws and precedents. Whether itÃ¢â¬â¢s based on role or gender the group has indefinite power through out tradition. The second type of authority is called rational league authority. ItÃ¢â¬â¢s not based on cust...
Wednesday, February 19, 2020
Sociology - Wal-Mart - Essay Example Eventually, the only thing that is left is Wal-Mart, and the people have no choice left but to shop there. This can cause an effect similar to a monopoly in a small town. People may have no stores for miles except for Wal-Mart because ever place has had to close because it couldn't compete with Wal-Mart. This then leaves people with no choice BUT to shop at Wal-Mart, and this only continues the vicious cycle elsewhere in other small towns. This can cause devastation effects on a town's economy. Wal-Mart then becomes the ONLY major player still in the economy of a town. This not only puts small stores out of jobs, but gets rid of the basis for all business, competition. This can then lead to Wal-Mart business policies becoming lax, as they no longer have to compete and now are the only game in town. The entire point of business is to have competition, but Wal-Mart makes sure to destroy all competition it can have early on. Wal-Mart also has many problems that go deeper than just the problems after the store comes in. If everybody who shopped at Wal-Mart sat down and watched this movie about how bad Wal-Mart treats its employees, and the poor wages that the corporation tries to pass by. Examples are given of major sexism against women, and how unfairly the Wal-Mart Corporation treats women.
Tuesday, February 4, 2020
Number Systems - Coursework Example In this system, 0 is called as the Least Significant Bit (LSB) while 1 is called the Most Significant Bit (MSB). Binary system is the computer language by default because 0 and 1 in computer signify voltage positions of on and off. Hexadecimal system uses base-sixteen system for computing. It has 16 digits but since numbers are only from 0-9, letters are also termed as valid hexadecimal digits (Ratzan 18). As such, letters from A to F are included in hexadecimal system after counting 0-9 where A stands for 10, B for 11 and so on. In this system, one digit is equivalent to 4 bits. Inter-relationship of these three systems is depicted in Appendix 1. When converting from decimal to hexadecimal, the same rule of successive divisions is followed as mentioned above. When reverse is done, same power raising method is used but now with 16 as the base and place values as exponents. In this conversion, the binary digit is grouped in blocks of four, starting from right hand. Additional zeroes are added to the left to complete the grouping. After grouping is completed, corresponding hex digit for binary blocks is noted down from the conversion table. For example, (0010101001)2 comprises of 10 bits. Thus we have to add two additional zeroes to its left to complete blocks of 4. Addition and subtraction of 2Ã¢â¬â¢s complement is actually always addition, just the subtrahends are converted to their negative forms when carrying out subtraction. In binary form, leftmost digit 1 represents a negative number while leftmost digit 0 represents a positive number. LetÃ¢â¬â¢s have a look at the addition and subtraction of 2Ã¢â¬â¢s complement (Finley
Monday, January 27, 2020
Market analysis of Stratsim management simulations StratSim management simulations are on-line games pioneered by Michael Deighan and Stuart W.James from Virginia USA aimed at giving students a wider exposure in the real world business arena. The initiators perceived students to view the simulations as a unique learning event where the knowledge gained so far within the academic years could be now made into practices. Quintessentially, apart from being a learning experience it was anticipated to bring a challenge to both managers and executives. According to the case, This is far easier to say than to achieve. 1.1. Industry Overview StratSim management simulation was a game-like, all about different firms operating in an automobile industry whose managers compete to the maximum by setting goals and objectives that are intended to outwit its immediate and within industry competitors. The managers used efforts to the best of their abilities so as to ensure right decisions are put forward just to earn superb profits due to greater sales ascribed by the management. Altogether, throughout the simulations there had been a total number of seven (7) firms ranging from firms A, B, C, D, E, F A and G. The initial alphabets of each firm meant that its respective vehicles began with either of them from A until G. All these firms had a similar starting point to commence its operations including funds. Among the firms, the best one was to be judged on performance bases mainly in terms of market share, market value, income generated as well as efficiency in playing with the marketing tools i.e. marketing mix (4 Ps). 1.2. Firms Overview Firm F was a group formed by four members who are Raya Nassor, Sarah Alley, Shahista Hasmani and I, the author of this report. Firm F comprised of three (3) vehicles which were Fantasy, Fast and Fish while their classes were Family, Truck and Economy respectively. I worked hand-in-hand with my colleagues in making the best decisions for our firms survival in an ocean of high waves of competition. The firms utmost intention was to position itself as a market leader by entering new markets and meeting the needs and desires of customers through vehicle attributes. However, there was a class which wasnt served by almost all the rival firms. It was known as AEV which must be addressed as technology modern with integrated marketing efforts. As far as Firm F is concerned, my colleagues and I decided not to opt for it as our firm was keen enough on cost minimisation and not spendthrifts of resources. 2.0. Mission and Vision Mission Statement Mission statement aims to provide employees and stakeholders with clarity about the overall purpose and raison dÃ ªtre of the organisation. (Johnson et al 2009, p.112) According to Peter Drucker (father of modern management), what is our business? is all about its mission. It is also known as creed of statement. Firm Fs statement of purpose could be: To address different consumer segments desires through value creation with respect to their financial capability when it comes to automobiles and eventually ending-up with immense profits generated from sales. Vision Statement A vision statement is concerned with what the organisation aspires to be. Its purpose is to set out a view of the future so as to enthuse, gain commitment and stretch performance. (Johnson et al 2009, p.112) Therefore, firm Fs dream is as follows: To be a company of the people, for the people and by the people in the automobile industry. 3.0. External and Internal Analysis These are the frameworks used to carry out an analysis of an organisations progress by examining two major extremes, the inner (internal) as well as the outer (external) environments. 3.1. PESTEL The PESTEL framework categorises environmental influences into six main types: political, economic, social, technological, environmental and legal. (Johnson et al 2009, p.25) The external environment is much more complex than internal because the earlier could exert enormous pressure to firm F to the extent of determining its ways to carry on its operations. Now let me examine all the six factors while reflecting firm F. Political This refers to the roles played by the government together with the degree of countries stability which will influence production of the motor vehicles for firm F to move on or lag behind. Also, this factor will determine whether the firm is undermined by a particular set of restrictions in its business such as not manufacturing vehicles which are similar to those possessed by the government. Throughout my analysis, all the firms including firm F were operating in a peaceful environment for the following reasons: Firms were increasingly thinking on product development and further production. Various customer categories continued to buy automobiles of their desire as they did not doubt the political situation in their areas. Increase in the number of dealers in all the extremes of a compass direction. Economic Within the course of the game, the business cycle wasnt predictable due to the fact that pricing structures employed by the automobile firms was different to one another. Firm F and other were aggressive towards increasing the dealer discount rates thinking that it would boost its motor vehicle sales and hence increase its profitability. However, the economy of the firms operating in the simulation kept on deteriorating with reference to the starting market shares, market values, stock price and overall net income. At the end, economies were badly shaped. Social This refers to the society in which the firms are operating their automobile business. Within the society, people differ in culture and demography. Some had been considering others as their point of reference in buying certain cars. Also, its obvious that as there are many automobile firms means more vehicles down the roads and hence more traffic collisions to the extent of delaying people planned activities during the day. Technological Advancement in technology was restricted among the firms as there were maximum limitations of technological capabilities in interior, styling, safety and quality extremes for which not a single firm could exceed. Above all, the firms were given an opportunity to make developments and marketing for a new class i.e. AEV which at the start had no introduced vehicle. The AEV being technology-driven, it is possible that it could use electricity, gas or other means. From my narrow view, I perceive AEV development to be more risky. Environmental Here Im greatly concerned because while vehicles are developed who knows how the waste materials are damped. This may have greatly deteriorated the soil and the species inhibiting in and on. These vehicles emit green house gases which add more health concerns to its own users through pollution after the fuel has been burnt in the engines. Legal It is up to the government to make sure that, a firm which goes against the labour laws, health and safety regulations, environmental preservation and trade practices are debarred from operating in the automobile industry. The government should enact laws which limit the number of vehicles to be owned by a single person unless it is big company with large operations in-order to minimise pollution on air, land and water sources. 3.2. Porters Five Forces Model According to Michael Porter, there are five cut-throat forces that demonstrate the rules of competition within the automobile industry and which determine both industry attractiveness and the degree of profitability. These forces are: Threat of new Entrants Throughout my analysis, I realised that for a firm to enter into automobile industry is not that much easy due to the reasons that, too much investment funds will be required to have a successful starting point as a matter of fact its not all about producing but knowing the needs of the market through Research and Development (RD) which costs greatly. For late movers, enjoying economies of scale will be highly minimal because there are giants already operating in large scales. Some of the giants may have done either backward or forward integration which may distract new entrants. Hence, the threat of new entrants in the automobile industry is low but firms need to be extra careful as the world is dynamic. Threat of Substitutes There are plenty of substitutes to vehicles but it doesnt mean people will shift towards them i.e. bicycles, scooters and walking. I dont expect people to abandon automobiles due to increasing costs instead people will shift to more economical ones from luxurious. Hence, the threat of substitutes is medium. Bargaining power of Suppliers Suppliers degree of power is low due to the existence of a big number of components and parts distributors in the automobile industry. It is likely for a manufacturer to switch from one supplier to the other. On the other side, firms at StartSim are likely to enjoy low prices of components because suppliers are many. Bargaining power of Buyers In the StratSim world, this is high as customers are likely to navigate from one manufacturer to another if their needs and desires are not well addressed considering the fact that, there are almost seven (7) firms operating in automobiles. Reluctantly, firms will be forced to stick on customers decisions on the requirements, pricing and other vehicle attributes. Customers are the core and a major reason for the firms existence. Rivalry Intensity This is very high because of the presence of many firms including firm F operating in the automobiles. These firms used various business strategies which have got differing effects to the competition intensity. Hence, the degrees of profitability and market shares will differ at large. 3.3. SWOT ANALYSIS This is a framework used to examine internal and external environment. Strengths (Internal) Firm Fs names of its motor vehicles were unique i.e. Fantasy, Fast and Fish which couldnt be easily imitated by its rivals. Weaknesses (Internal) Mismanagement of stocks which had a greater fall in value together with more inventory days. Failure to make proper use of the marketing tools i.e. promotions and prices. Firm Fs product ranges didnt compete effectively with those of its competitors. Opportunities (External) The AEV class vehicles could be a platform for firm F to maximise its market share and sales growth. Poor performance in other firms could allow firm F to gain more customers who couldnt benefit from the earlier firms. Moving into markets which were not served before through market and product development. Threats (External) Continuous technological developments for which firm F couldnt cope. Global economic recessions resulting to fall in currencies and slowing vehicles demands. Automobile industry being competitive, firm Fs employees may have been head-hunted by other rival firms leading moving away the company secrets. 4.0. Strategic Planning Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. (Johnson et al 2009, p.3) Planning refers to making decisions on which strategic choices to carry forward in the course of the business. 4.1. Basic Strategy Firm Fs long term strategy is to offer vehicles with the lower possible investments but in maximum numbers with the intention of increasing the net cumulative income and market share from period 1 until period 4 with much focus on the Family class. 4.2. Technology Firm F thought that to go hand-in-hand with advancing technology as not necessary because it could lead it away from high profitability. Instead minor upgrades in the vehicle attributes are considered. Technology will be used to minimise wastage so as to increase productivity. 4.3. Financial Control The management of firm F aspires to have immense sales and increasing profitability but at same time controlling Research Development as it wont like to spend a lot for it. It looks forward to increase assets held while decreasing liabilities including debts. 4.4. Marketing Firm F intend to create awareness to both society and potential customers through advertisements and promotions. Also, efforts will be done to review pricing structures and the vehicles with related products to be of value to customers. Distribution points will be monitored too. 4.5. Future Development The management of firm F looks forward to do major upgrades in its motor vehicles if the level of profitability will permit it to do so. Otherwise, the kind of development which is expected could be maximising of the firms plant production capacity. 5.0. Lesson I learnt from simulation exercise I came with a mindset that a firms market share could be inversely proportional to net cumulative income. Also, it wasnt a good idea at times to discuss with members from rival groups as my group was at last decision mislead by another group leading to its low income and stock price too. Teamwork is the essence towards achieving success as decisions were jointly made by group members who differed in knowledge, background and experience. 6.0. Conclusion To me, it was much lucrative due to the fact that I had been exposed from theoretical to practical because the simulations made me think outside the box as to whether the strategies I took part in could outwit competitors. Finally, I agree that a business without strategy wont have a direction.
Sunday, January 19, 2020
Format for the Celebration Speech Introduction: I. Attention GetterAn attention grabbing statement to get the audience interested in learning about your process II. Connection to the AudienceTell them why they should listen to you (i. e. how does learning this process benefit them personally) III. Central Idea/ Thesis StatementA one sentence summary and preview of the entire speech, i. e. What are you teaching them? Body: * Transition Statement * I. Body Area Main IdeaA one sentence summary of the first body areaA. Supporting MaterialInformation that confirms, illustrates, explains, etc. the main idea for the body area B. Supporting MaterialInformation that confirms, illustrates, explains, etc. the main idea for the body area * Transition Statement* II. Body Area Main IdeaA one sentence summary of the second body area A. Supporting MaterialInformation that confirms, illustrates, explains, etc. the main idea for the body area B. Supporting MaterialInformation that confirms, illustrate s, explains, etc. he main idea for the body area * Transition Statement* III. Body Area Main IdeaA one sentence summary of the third body area A. Supporting MaterialInformation that confirms, illustrates, explains, etc. the main idea for the body area B. Supporting MaterialInformation that confirms, illustrates, explains, etc. the main idea for the body area * Transition Statement* Conclusion: I. Central IdeaRestate the central idea to review the main point of the speech II. Reconnect the Attention GetterReiterate your attention getter. This makes your speech feel Ã¢â¬Å"completeÃ¢â¬ ) Note: You have some leeway with how to format the body areas for this speech. A Celebration speech or an Informative speech is organized depending upon the information you are sharing about your topic. You should focus on interesting facts, uses, etc. about your topic and should NOT do a recounting of the chronological information about the topic. Audiences quickly become bored with this approach.
Saturday, January 11, 2020
Ã¢â¬Å"A multi-cultural society is a blessingÃ¢â¬ . This is an assertion alleged by many. But is it true? Does the old regulation Ã¢â¬Å"The more, the betterÃ¢â¬ really count here? And what on earth is a multi-cultural society? A multi-cultural society is a society containing several representations of different cultures. To understand it better, we also will need to be aware of what both a society and a culture really is. According to Wikipedia, a society is: a population of humans characterized by patterns of relationships between individuals that share a distinctive culture and/or institutions. And then you have a culture, which is a way of life, including traditions, manners, eating habits, and not least beliefs and religion, which I am going to go further into. This list could go on forever, but for you sake, it will not, this time. So there you have the basics. Now, let us dive deeper into to whether this plea is true or not. From my point of view, or let us say from the articleÃ¢â¬â¢s point of view, the whole worldÃ¢â¬â¢s population together not only forms one, great society, but a multi-society. And in this society, there are Native Indians, Africans, Asians, poor people, rich people Christians and Buddhists, and so on. You will properly wonder how and where all these cultures originated. Well, the first points I guess you can imagine yourselves. But when we move on to religion, it all comes down to the East, thousands of years before Christ. This is also the origin of God or gods, as many of us still believe in. Polytheism, Pantheism and Monotheism are considered being the first beliefs with religious attributes as we know it today. These phenomenas have evolved, and also created new types of beliefs, and these beliefs, or religions, are the main differences between the global cultures. So now we can start discussing the phrase Ã¢â¬Å"A multi-society is a blessingÃ¢â¬ , with religion as a key word. All known religions promote peace, and tells us to avoid violence at all costs. Still, I will claim and blame religion for most of the wars and conflicts ever occurred on this planet. If you study deeply into the reasons of many of the greatest wars, you will discover that different perspectives on life, beliefs, will be involved in the cause ofÃ the terrifying violence. When people have different beliefs, they also have different opinions of what is right and wrong. Therefore, there will be misunderstandings, resulting conflicts. Now how can we avoid these conflicts erupting? As Martin Luther King said; it is natural to fear the unknown, therefore, get to know the unknown, and each otherÃ¢â¬â¢s standpoint. (Magnus Pettersen, last paragraph. Note: This is not an exact quote of Martin Luther King, only a pointer.) But of course, now I make religion sound like the root to all evil, and that it only destroys the society, which it is not right. Religion can be a good thing too, it only depends on what you make out of it. I myself am an atheist, a person who does not believe in any god or over natural power, and I got to admit, I long for the comfort of Ã¢â¬Å"knowingÃ¢â¬ that when I die, I will be reborn, or end up in heaven. So it is understandable that people search for this calmness in different religions. You too properly believe in something, even if you do not consider yourself as religious. So to the question, what good does religions do to our society? It adds several perspectives on why we humans are here, what the meaning of life is and what happens to us after death, questions that are healthy for us to wonder about. It also teaches us, as mentioned before, to live in peace, and avoid violence. After all, most religions have their core maxim Ã¢â¬Å"Treat others the same way you want them to treat youÃ¢â¬ . (Bible, Luke 6:31) I think we can conclude that a multi-culture both can be a blessing, and a living hell. It all depends on how literally you take your own, and otherÃ¢â¬â¢s culture, if you are open for otherÃ¢â¬â¢s points of views, and if you can live knowing that people around you always will have different ways to live their own life. Sources: http://www.allaboutreligion.org/origin-of-religion.htm http://en.wikipedia.org/wiki/Society http://www.daria.no/skole/?tekst=7031 http://en.wikipedia.org/wiki/Atheism