Wednesday, August 26, 2020
Environmental Forces that Impact the Business-Samples for Students
Question: Portray the authoritative structure of the business. Examine the outside and interior natural powers that sway the business. Answer: Authoritative structure implies various leveled course of action of lines of interchanges, authority, rights and obligations of an association. Hierarchical structure is answerable for deciding the way in which force, jobs and obligations are controlled, doled out and facilitated along deciding the progression of data between the different degrees of the executives (Mills, Bratton, Mills Forshaw, 2006). The hierarchical structure is reliant on the targets and systems of the association (Baligh, 2006). The focal point of this paper is on the organization Siemens. This exposition investigates the hierarchical structure of Siemens, the outside and inner natural powers and hazard that sway its business alongside proposals in regards to significant business capacities and strategic policies choices for the improvement of authoritative presentation and accomplishment of methodology. Siemens follows the hierarchical structure of an organization where the activities are sorted out in three parts with 15 divisions. The structure is overseen by the overseeing leading group of the association. The key divisions of Siemens incorporate foundation, industry, vitality and human services. Their situating along the zap esteem chain is kept up by the key drivers of the matter of Siemens which incorporate electrical vitality, zap and computerization. Also, hazard alleviation exercises are constantly thought about by method of embracing a hazard based methodology (Siemens, 2018). The matter of Siemen is affected by different outside and inner natural powers. The outer natural factor incorporates the economy, rivalry, legislative issues and clients and providers. Then again, the inner ecological components incorporate workers, organization culture, account, and so on. (Sherman, 2018). Since Siemens is engaged with the matter of intensity age and transmission, it is altogether influenced by the market patterns of undertaking economical strategic policies by method of contracting their carbon impression and utilizing increasingly sustainable power source assets. The matter of Siemens is influenced by an assortment of dangers connection to contenders, worldwide condition, political components, new innovation, and so forth. (Pride, Hughes Kapoor, 2009). Economic situations, for example, changes in the loan costs and market rates influences Siemens. While performing business in different nations, the gainfulness of Siemens is seriously affected because of varieties in the remote trade rates. Additionally, when new advancements are presented in the market or developments happen, the total situation of the market is changed because of which Siemens faces critical varieties in the interest of its items. The outer natural powers expect Siemens to think about the systems of the contenders for catching the market and making fundamental strides for planning own procedures. Abilities are required by Siemens to take essential choices and for playing out the everyday tasks of business. For this reason, Siemens requires to make the work of equipped people who meet the qualification standards for business. Appropriate shopper, market and industry examination is required to be performed every now and then so as to consider the progressions occurring on steady premise. Thusly, the ecological powers seriously sway the matter of Siemens. Different dangers are stood up to by Siemens, for example, the unpredictable idea of the vitality costs which has the immediate effect on the benefit. In addition, different budgetary dangers identifying with loan fees, trade rates and credit chance effects its productivity occasionally (Hill, 2008). Since Siemens have spread its activities in the worldwide market, it encounters the danger of rivalry from the significant organizations of this area over the world. The opposition chance, if not met successfully, has the capacity of driving Siemens towards the conclusion of its business and loss of notoriety. Cultural dangers are additionally experienced by Siemens during the extension of their business in the different pieces of the world. The distinction in the way of life of the remote markets prompts contrast in their necessities and prerequisites (Hamilton Webster, 2015). On the off chance that, Siemens don't address and comprehend the way of life of the spot of its development, at that point it might confront a danger of distancing clients and losing its benefit position (Ferraro Briody, 2017). At the point when the social structure of the spot of business is definitely not a solid match then the business faces a hazard in endurance. Worldwide monetary hazard are looked by Siemens because of shortcomings in specific economies, businesses and markets which prompts an unforeseen fall sought after for its items and can't be constrained by Siemens. Besides, changes in the laws, rules and guideline presents legitimate dangers for Siemens. In the event that legitimate consideration isn't paid towards the consistence of these laws, rules and guidelines then severe correctional activities may apply on Siemens.For the improvement of the hierarchical presentation of Siemens, certain business practice choices ought to be made with respect to elite work works on, benchmarking, worker commitment, and so on. Since the representatives work for the achievement of the associ ation, Siemens should make strides to enable the workers to assume better responsibility for the dynamic identified with tasks and work (Macky Boxall, 2007). This will bring about inspiration among the representatives alongside a successful progression of correspondence that will essentially help them in filling in as a group. Siemens ought to likewise target accomplishing representative commitment by method of rebuilding process for making it fascinating, testing and inspiring. Legitimate data ought to be given to the workers in regards to the exhibition and activities of the association so as to make them mindful with respect to the occurrence in the organization and making a feeling of professional stability. Superior work practices ought to incorporate the money related award to be offered to the representatives for their better so as to inspire the workers (Timiyo, 2014). At the point when the representatives will get inspired, the presentation of Siemen will naturally improve. It ought to likewise incorporate advancement or worker recommendation programs where representatives are given an open door for proposing their creative thoughts for improving hierarchical execution (Combs, Liu, Hall Ketchen, 2006). Superior work rehearses additionally incorporates HR works on identifying with execution examinations, enrollment, preparing and advancement, and so on that centers around the expertise improvement and human capital venture inside the association (Caruth, Caruth Pane, 2008). Also, Siemens should concentrate on the selection of best practices that is the most ideal methods of working so as to accomplish the destinations of the business. This should be possible as quality administration, data the executives, stock control, and so forth which will bring about upgrading the exhibition of Siemens in the market. Benchmarking will permit Siemens to contrast their business and different organizations which have achieved the statures of progress for featuring the regions where there are necessities for development. To accomplish the methodology of concentrating on development driven development markets, drawing nearer to the clients and utilizing its capacity, Siemens need to focus on the most significant capacities inside the association. The methodology will be accomplished just when the items will be created by Siemens as per the prerequisites of the clients. For this, Siemens should concentrate on the activities work that will plan and organize the assets required for structuring, creating and conveying the items to the clients. Siemens ought to guarantee that there is accessibility of enough capital for the various capacities acted in the association remembering innovative work for bringing development for the items. Siemens wants to be considered as a part of the best organizations for which it requires to concentrate on its human asset work for recruiting the remarkable representatives and making a spurred, astounding and master group (Siemens, 2018). The workers will put forth best atte mpts for the association when Siemens will make strides for their turn of events, by giving them equivalent chances and empowering participation over all outskirts. Further, Siemens should concentrate on the advertising capacity for elevating the items to the objective clients and carrying the input of the clients to the association. This will help Siemens in expanding the deals of the business. At the point when Siemens will have equivalent spotlight on all the elements of the business then it will lead the association toward the accomplishment if the technique. Accordingly, it very well may be presumed that the matter of Siemens is influenced generally by the inward and outside natural powers, for example, dangers, patterns, aptitudes, and so forth. For meeting the prerequisite of its clients, Siemens need to think about their needs and need, make the work of people and make the creation of items as per the necessities. Siemens is stood up to with various dangers while directing the business, for example, budgetary, worldwide financial and cultural dangers. Besides, some strategic policies choices with respect to elite work works on, benchmarking and worker commitment ought to be made by Siemens so as to inspire the representatives and improve the presentation of the association. Additionally, all the elements of the business ought to be given equivalent thought by Siemens for accomplishing the system References Baligh, H. H. (2006). Association Structures: Theory and Design, Analysis and Prescription. Springer Science Business Media. Caruth, D. L., Caruth, G. D. Sheet, S. S. (2008). Staffing
Saturday, August 22, 2020
The Life Of Jesus Christ Religion Essay
The Life Of Jesus Christ Religion Essay Jesus Christ is a focal figure for the Christianity. Christians picture him as the Messiah (Son of God). Jesus accommodated the Christians with God by passing on for their transgressions and raising himself from the dead. Jesus had an impossible to miss character, and made an enduring thought on the on his supporters. He was charming in the most profound feeling of the word. Jesus Christ is a model and immaculate pioneer. Jesus Christ is a perfect and amazing being; he is figurative for the Christians. Jesus demonstrated the happening to another age where all individuals would live as Gods kids to serve and have faith in Him. Jesus showed the essential virtues of fellowship and altruism, which turned into the focal proposition of Christianity. The life and lessons of Jesus Christ are the inspirations for Christians. The Birth of Jesus Christ Jesus Christ was conceived during the life and rule of Herod the Great who managed Palestine toward the finish of the first Century B.C. on the 25th of December, which is praised by Christians consistently in recognition of the day Jesus Christ was conceived. Jesus was conceived in the town of Bethlehem in Judea by Virgin Mary in a trough. Joseph was the dad of Jesus. Joseph was a craftsman. At the point when Jesus was brought into the world the three shrewd men fro the east followed to (Star of Bethlehem) to where Jesus was conceived. The three insightful men held on for them blessings, Gold, Myrrh, and Frankincense. About that equivalent time ruler Herod was profoundly upset by the introduction of Jesus Christ, since he heard another lord has been conceived. Herod became angry and sent his fighters into Bethlehem to execute all the young men around two years and under. Joseph and Mary fled from Bethlehem to Egypt before the warriors could get to them. Herods plan ended up being a d isaster. At the point when Herod passed on and everything had quieted down, Joseph and Mary with Jesus went to Galilee and settled down in a town called Nazareth, were Jesus grew up, where Jesus Christ was known as the Nazarene (Jesus of Nazareth). Jesus was a pioneer every through greetings life even from birth. The Baptism of Jesus John the Baptist purified through water Jesus Christ the (child of Zacharias). John the Baptist lectured immersion for the pardoning of sins and in this manner he was setting up the path for the Lord. Jesus went to the Jordan River in Galilee with the goal that john could immerse him. John opposed in light of the fact that he felt that Jesus Christ was the person who ought to purify through water him. As per the good news of Mathew Jesus stated, It must be done, in light of the fact that we should do everything that is correct. After John heard what Jesus said he currently absolved him. After submersion, Jesus came out of the water and the sky opened and the soul of God dropped like a pigeon from above and settled upon his head, and an abnormal voice stated, this is cherished child, and I am completely satisfied with him.(New worldwide adaptation). The Temptation of Jesus Christ After the submersion of Jesus Christ the, Jesus was driven by the Holy soul into the wild where he could be enticed by the fallen angel. He fasted in the wild for forty days and forty evenings, without having anything to eat. The demon came out to Jesus and said on the off chance that you are the Son of God change these stones to portions of bread. Jesus depended No! The sacred writing state man will not disregard by bread however by each expression of God. At that point Jesus Christ was driven by the villain to the most elevated purpose of the sanctuary in Jerusalem, and afterward the fiend berated him to hop that his blessed messengers will ensure and nothing would happen to him, and Jesus answered The sacred writing says, don't test the master your God. At last the villain took Jesus to the most elevated mountain, and gave him all the country and all its greatness, at that point he stated, I will give everything to you, if just u toll down and love me. Jesus answered Get out of here, Satan, for the sacred text says you should revere the ruler your God; serve just him. Jesus Christ was an immaculate pioneer. He defeated allurement, he would have change the stones to bread, or secured by the blessed mess engers, yet realize he lowered h imself. Jesus Christ is a praiseworthy pioneer, which is the reason the Christians have confidence in him to such an extent. Jesus Christ was no faker. The Ministry of Jesus Christ Jesus went all through Galilee instructing and lecturing in various gathering places and spreading the uplifting news about the realm of God, at this point he had just four teaches, these were known as the principal pupils. Jesus Christ showed individuals a great deal of things, he mended individuals of different sorts. News about him spread a long ways past Galilee, and individuals with different diseases and agony, the had, epileptic, and deadened individuals. Huge groups followed Jesus to any place he went. Individuals leart a ton from him, there were different instructing by Jesus: Educating about Salt and Light Educating about the Law Educating about resentment Instructing about Adultery Educating about Divorce Instructing about retribution Instructing about Love for Enemies Instructing about Giving the Needy Instructing about Prayer and Fasting Educating about cash and assets Viable petitions The Golden Rule The Narrow Gate The tree and its natural product Genuine Disciples Expanding on a strong establishment What's more, numerous others yet these ones are the most significant ones. The Golden is one of the most significant lessons of Jesus Christ. The brilliant guideline says: Do for others what you might want them to accomplish for you. This is a synopsis of all that is instructed in the law and the prophets. (New Living Translation Bible). So whatever you wish that others would do to you, do likewise to them, for this is the law and the prophet. (English Standard Bible). Accordingly everything at all ye would that men ought to do to you, do ye even so to them: for this is the law and the prophets. (Ruler James Bible). Another significant educating of Jesus Christ was the Beatitudes. The incredible blessednesses: God favors the individuals who understand their requirement for him, for the Kingdom of safe house is given to them. God favors the individuals who grieve, for they will be support. God favors the individuals who are delicate and modest, for the entire earth will have a place with them. God favors the individuals who are ravenous and eager for equity, for they will get it in full. God favors the individuals who are lenient, for they will be indicated benevolence. God favors those whose hearts are unadulterated, for they will see god. God favors the individuals who work for harmony, for they will be known as the offspring of God. God favors the individuals who are oppressed in light of the fact that they live for God, for the realm of Heaven is theirs. (New living interpretation, Matthew 5) There were a ton of lessons, Jesus Christ thinks about his kin (Christians) that is the reason he attempts to place us in the correct way by telling the Christians, to make the wisest decision and go amiss from their incorrect ways and doing. As time went on Jesus had twelve supporters: First Simon (Also called Peter) Andrew James (child of Zebedee) John Philip Bartholomew Thomas Matthew James (child of Alphaeus) Simon (child of Zealot). Jesus showed his trains a great deal; they went through a ton of test. One of the tests they went through was the overwhelming tempest. Jesus and his supporters ventured out over the lake to spread the gospel. Abruptly, there was a horrendous tempest. The pupils became frozen in light of the fact that Jesus was dozing. The supporters went to him and woke him up, yelling that he should safeguard them from peril and Jesus answered for what reason would you say you are apprehensive? You have so little confidence! (New living interpretation). At that point he stood up and reproached the breeze and waves, and abruptly everything was quiet. The pupils were wondered about what he had done. Jesus went from city to city with his pupils, and continued mending the evil presence had and deadened. Jesus continued spreading the news and recuperating individuals in other to get more specialists (Christians). He needed many individuals to hear the uplifting news so they would help in passing the news to others. At a specific time Jesus said to his kin Then saith he unto his trains, the gather genuinely is plenteous, yet the workers are not many, Pray ye in this manner the Lord of the reap, that he will send forward workers into his collect. (Lord James Bible). Jesus Christ predicts his demise Jesus Christ anticipated his demise multiple times. Jesus Christ realized his time on earth was reaching a conclusion so he told his devotees; They will kill him, and on the third day he will be raised to life. What's more, the supporters were loaded up with misery. (New universal Version). At the point when Jesus Christ was venturing out to Jerusalem with his followers, he let them know secretly again that he would have been double-crossed and slaughtered. He revealed to them that he would revive following three days. After he revealed to them all that they presently went into Jerusalem to spread the news. Demise of Jesus Christ Jesus Christ implored before he was captured, he realized his opportunity had arrived. Judas Iscariot, one of the pupils of Jesus Christ who deceived him. He drove the roman officers into the Kidron valley where Jesus Christ was with his pupils. When Judas Iscariot saw Jesus he distinguished him and Jesus was captured. One of the devotees, Simon drew his blade and assaulted the High cleric Servant, Malchus and cut off his ear. Jesus directed Simon to pull back and afterward Jesus recuperated Malchus. After Jesus was captured he was brought before Caiaphas, the devout cleric for preliminaries. After the preliminaries with the esteemed cleric he was sent to the central command of the Roman Governor, Pontus Pilate for another preliminary. The Jews blamed Jesus for being a crook. The men who denounced Jesus didnt go in with Jesus for his preliminary, since they realized it was a bogus complaint. Pontus Pilate saw Jesus not as blameworthy, yet the Jews needed him to be slaughtered and Barabbas, a criminal discharged. Pontus Pilate had Jesus whipped in the open with lead-tipped whips, and they delegated him with straps. Pilate didnt need to execute Jesus, however the Jewish pioneers continued pressurizing him to do as such. Pontus Pilate was left with no alternative yet to kill Jesus, he was anxious about the possibility that that the pioneers may betray him. Jesus prompted where he would have been executed. His follower
Friday, August 21, 2020
How to Communicate a Price Increase without Spooking Customers
How to Communicate a Price Increase without Spooking Customers Price increases are a normal part of doing business. Whether you need to raise prices to adjust to inflation or you want to offer an upgraded product, few businesses continue to offer the same price for an extended period of time. Stagnant prices often correlate to stagnant business prospects; and stagnation can kill a business.The result is that customers of all types are understanding of a price increase; but, only when you communicate these prices correctly. Simply raising prices without warning is a good way to alienate your customers. No one wants to inadvertently pay more money for a product without understanding the reason why. Thus, communicating your price increase has little to do with the price itself. It is all about your methods of communication. © Shutterstock.com | PaltoToday, you will learn 1) how to announce your price increase without alienating customers and 2) how to implement your price increase.ANNOUNCING YOUR PRICE INCREASEThe first rule of implementing a price increase is that you must announce it to your customers. Talking to your customers about a price increase may sound counterintuitive; however, this is actually a great opportunity for your business. Announcing your price increase allows you to remain in control of your narrative.When you are in control of the story, you can plan it so that it is told in a way that supports customers rather than alienates them. Here are tools to help you tell your story the right way:Be TransparentTransparency is key whenever you’re dealing with money. Committing to pricing transparency means that you need to announce your price increase before it happens.Start by telling your most important customers about the price increase first. Avoid letting them hear the news second h and, in a general announcement or worse, from their internal billing department. A good rule of thumb is to encourage price increases to be couriered between executives to show respect for the relationship.After your important customers know, it is time to make a general announcement. Use the announcement to tell customers why you are raising prices and be honest. Explain the reason that you are raising prices and bolster the reason with credible facts. However, don’t create excuses. Customers understand why you need price increases but no one wants to listen to another business whine about it.Finally, remain transparent as a business by avoiding price increases rationalized solely by profitability. While profitability is important, your customers do not want to suffer for you to win. Even hinting that you are trying to widen your profit margins with your price increase can damage your relationships.Focus on the PositiveThe best price increase announcements are not negative. In fa ct, they are overwhelmingly positive. Instead of focusing solely on the price, tell your customers what they get in exchange for more money.Keep it positive by avoiding an apologetic tone. Apologizing makes it sound like you are not in control of your costs and profits. This sends the wrong message to your customers. Your customers want to know that you are in control of your business.Also, if you are raising your prices for a good reason, there is no need to apologize. In an ideal world, you’re asking for money for a better product which benefits your customers.Don’t forget to thank your customers for their continuing business. It cements the positive tone and a future relationship with your customers.Provide a TimelineEvery price increase requires a timeline. It is imperative that you do not spring a price increase upon your customers. You need to create a timeline for the announcement and a timeline for implementing the increase.Providing a clear time line for the price incre ase allows your customers to prepare for it. It gives them time to update their own systems. It also allows you to pad the timeline so that you do not breach any pre-existing agreements with your customers.Having a timeline will also help you drive business before the increase takes effect. It helps you implement strategies that soothe worried customers Be careful to avoid violating revenue recognition rules by creating a situation where the demand is greater than the supplyIf you choose to drive demand with your timeline, make your terms transparent and then stick to them. Ensure that you do not drive demand beyond what you are capable of fulfilling. This is a fragile period and you want to avoid making customers angry by breaking promises.Remind Them That You Are Still Offering a Valuable ProductYou should always avoid raising prices for the sake of raising prices. You want to ensure that the price hike will reflect the value of your product. When you announce your new prices, foc us on reinforcing your key value propositions. Remind customers why they do business with you and it will be easier to swallow the new pricing.When making the announcement, subtly remind customers that paying a small amount of money for a service they love is not a big deal. This will ring more true if you are adding value to the product that complements the price increase. No customer wants to pay more money for an inferior product. Thus, it is essential that you provide an incentive in value.The logic behind a price increase is simple and should be communicated to customers. A price increase allows you to continue to offer a product or service that is still better value than your competitors. With the price increase, you can continue to offer this service in a sustainable way.Sustainability is a key component of a price increase. When you use small increases to adjust to changing conditions and foster innovation, you protect yourself from getting into trouble and having to bail yo urself out with huge price hikes.Everyone can appreciate businesses that focus on sustainability and this will give you points during your announcement.Don’t Be NervousRemember that there is no reason to be nervous about a small price hike if you have a solid business. If you are afraid of raising prices less than 10%, than you have bigger problems.You want customers who are not with you because you offer the cheapest option. Those customers are not loyal and are willing to jump ship at any time. Ultimately, if your customer is not willing to pay 3% more for a better product then you do not have a very good customer.If you’re afraid that your customers will jump ship at the first sign of trouble, it is better to go back to the drawing board and reconsidering your customers and your sales tactics before you work to sell a more expensive product.Go through this slides and learn how AIESEC raised their prices without alienating customers.[slideshare id=53913877doc=10waysincreasingp ricewithoutlosingcustomer-151014080309-lva1-app6891w=640h=330]IMPLEMENTING YOUR PRICE INCREASESYou can transfer the techniques for communicating your price increase over into implementing the price increase. Implementing price increases is all about being honest, transparent and not coddling your customers.Follow these suggestions for actually raising your prices without scaring off customers:Give Customers a ChoiceNo one wants to pay a higher price straight off the bat. This increases the chance of sticker shock which can shake even loyal customers. Instead, create a timeline that gives customers a choice regarding which price they pay.This method works well if you are offering an enhanced product at a more expensive price. You can then transform your product into two different products. The first product is the same old product at the same old price. Make this one available for a limited time, allowing customers to continue to stick with what they know.However, if you offer the se cond product with enhanced value, you give them the option to upgrade to the price increase. This second product demonstrates the value between the packages and allows customers to feel as though the decision is theirs to make.This feeling of choice is important for the sales process. Customers will feel good about their decision to pay more money for a better product. It will feel like a smart business choice rather than a forced price increase.Make the Change Easy for Customers to ImplementYour customers are sticky and they do not just change suppliers or products on a whim. They’re sticky not just because they like your product but also because making changes is difficult and expensive in terms of labor and capital. Thus, customers do not just pick up and leave unless you give them a good reason to. Generally, a small price increase is not a good reason to make these changes. The high cost of change does not make sense in this scenario.However, you can help ensure they don’t leave by making the changes easier for them to implement. This begins with the transparency discussed earlier. It is important to give specific information to your customers to help them feed it back to their own company. Be sure to provide your customers with the correct data to ensure that it is easier to update their systems.Avoid simply stating that you are increasing prices by x %. Instead, provide a breakdown of the new prices for customers’ purchasing orders. Keep both the old price and the new price available. The easier it is for customers to implement, the more likely they are to pay it.When changes are easier to implement, the level of frustration decreases. This keeps customers from making emotional decisions. Keeping frustration down helps prevent the customer from shopping around for other options.Watch this youtube video and learn more about raising your prices. CONCLUSIONPrice increases often fuel times of uncertainty but you can help prevent turmoil by communicati ng the increase in the appropriate way. Remember that the fear surrounding a price increase rarely has anything to do with the price itself. Be transparent, honest and continue to offer real value to your customers and you can communicate a price increase with very little pain.
How to Communicate a Price Increase without Spooking Customers
How to Communicate a Price Increase without Spooking Customers Price increases are a normal part of doing business. Whether you need to raise prices to adjust to inflation or you want to offer an upgraded product, few businesses continue to offer the same price for an extended period of time. Stagnant prices often correlate to stagnant business prospects; and stagnation can kill a business.The result is that customers of all types are understanding of a price increase; but, only when you communicate these prices correctly. Simply raising prices without warning is a good way to alienate your customers. No one wants to inadvertently pay more money for a product without understanding the reason why. Thus, communicating your price increase has little to do with the price itself. It is all about your methods of communication. © Shutterstock.com | PaltoToday, you will learn 1) how to announce your price increase without alienating customers and 2) how to implement your price increase.ANNOUNCING YOUR PRICE INCREASEThe first rule of implementing a price increase is that you must announce it to your customers. Talking to your customers about a price increase may sound counterintuitive; however, this is actually a great opportunity for your business. Announcing your price increase allows you to remain in control of your narrative.When you are in control of the story, you can plan it so that it is told in a way that supports customers rather than alienates them. Here are tools to help you tell your story the right way:Be TransparentTransparency is key whenever you’re dealing with money. Committing to pricing transparency means that you need to announce your price increase before it happens.Start by telling your most important customers about the price increase first. Avoid letting them hear the news second h and, in a general announcement or worse, from their internal billing department. A good rule of thumb is to encourage price increases to be couriered between executives to show respect for the relationship.After your important customers know, it is time to make a general announcement. Use the announcement to tell customers why you are raising prices and be honest. Explain the reason that you are raising prices and bolster the reason with credible facts. However, don’t create excuses. Customers understand why you need price increases but no one wants to listen to another business whine about it.Finally, remain transparent as a business by avoiding price increases rationalized solely by profitability. While profitability is important, your customers do not want to suffer for you to win. Even hinting that you are trying to widen your profit margins with your price increase can damage your relationships.Focus on the PositiveThe best price increase announcements are not negative. In fa ct, they are overwhelmingly positive. Instead of focusing solely on the price, tell your customers what they get in exchange for more money.Keep it positive by avoiding an apologetic tone. Apologizing makes it sound like you are not in control of your costs and profits. This sends the wrong message to your customers. Your customers want to know that you are in control of your business.Also, if you are raising your prices for a good reason, there is no need to apologize. In an ideal world, you’re asking for money for a better product which benefits your customers.Don’t forget to thank your customers for their continuing business. It cements the positive tone and a future relationship with your customers.Provide a TimelineEvery price increase requires a timeline. It is imperative that you do not spring a price increase upon your customers. You need to create a timeline for the announcement and a timeline for implementing the increase.Providing a clear time line for the price incre ase allows your customers to prepare for it. It gives them time to update their own systems. It also allows you to pad the timeline so that you do not breach any pre-existing agreements with your customers.Having a timeline will also help you drive business before the increase takes effect. It helps you implement strategies that soothe worried customers Be careful to avoid violating revenue recognition rules by creating a situation where the demand is greater than the supplyIf you choose to drive demand with your timeline, make your terms transparent and then stick to them. Ensure that you do not drive demand beyond what you are capable of fulfilling. This is a fragile period and you want to avoid making customers angry by breaking promises.Remind Them That You Are Still Offering a Valuable ProductYou should always avoid raising prices for the sake of raising prices. You want to ensure that the price hike will reflect the value of your product. When you announce your new prices, foc us on reinforcing your key value propositions. Remind customers why they do business with you and it will be easier to swallow the new pricing.When making the announcement, subtly remind customers that paying a small amount of money for a service they love is not a big deal. This will ring more true if you are adding value to the product that complements the price increase. No customer wants to pay more money for an inferior product. Thus, it is essential that you provide an incentive in value.The logic behind a price increase is simple and should be communicated to customers. A price increase allows you to continue to offer a product or service that is still better value than your competitors. With the price increase, you can continue to offer this service in a sustainable way.Sustainability is a key component of a price increase. When you use small increases to adjust to changing conditions and foster innovation, you protect yourself from getting into trouble and having to bail yo urself out with huge price hikes.Everyone can appreciate businesses that focus on sustainability and this will give you points during your announcement.Don’t Be NervousRemember that there is no reason to be nervous about a small price hike if you have a solid business. If you are afraid of raising prices less than 10%, than you have bigger problems.You want customers who are not with you because you offer the cheapest option. Those customers are not loyal and are willing to jump ship at any time. Ultimately, if your customer is not willing to pay 3% more for a better product then you do not have a very good customer.If you’re afraid that your customers will jump ship at the first sign of trouble, it is better to go back to the drawing board and reconsidering your customers and your sales tactics before you work to sell a more expensive product.Go through this slides and learn how AIESEC raised their prices without alienating customers.[slideshare id=53913877doc=10waysincreasingp ricewithoutlosingcustomer-151014080309-lva1-app6891w=640h=330]IMPLEMENTING YOUR PRICE INCREASESYou can transfer the techniques for communicating your price increase over into implementing the price increase. Implementing price increases is all about being honest, transparent and not coddling your customers.Follow these suggestions for actually raising your prices without scaring off customers:Give Customers a ChoiceNo one wants to pay a higher price straight off the bat. This increases the chance of sticker shock which can shake even loyal customers. Instead, create a timeline that gives customers a choice regarding which price they pay.This method works well if you are offering an enhanced product at a more expensive price. You can then transform your product into two different products. The first product is the same old product at the same old price. Make this one available for a limited time, allowing customers to continue to stick with what they know.However, if you offer the se cond product with enhanced value, you give them the option to upgrade to the price increase. This second product demonstrates the value between the packages and allows customers to feel as though the decision is theirs to make.This feeling of choice is important for the sales process. Customers will feel good about their decision to pay more money for a better product. It will feel like a smart business choice rather than a forced price increase.Make the Change Easy for Customers to ImplementYour customers are sticky and they do not just change suppliers or products on a whim. They’re sticky not just because they like your product but also because making changes is difficult and expensive in terms of labor and capital. Thus, customers do not just pick up and leave unless you give them a good reason to. Generally, a small price increase is not a good reason to make these changes. The high cost of change does not make sense in this scenario.However, you can help ensure they don’t leave by making the changes easier for them to implement. This begins with the transparency discussed earlier. It is important to give specific information to your customers to help them feed it back to their own company. Be sure to provide your customers with the correct data to ensure that it is easier to update their systems.Avoid simply stating that you are increasing prices by x %. Instead, provide a breakdown of the new prices for customers’ purchasing orders. Keep both the old price and the new price available. The easier it is for customers to implement, the more likely they are to pay it.When changes are easier to implement, the level of frustration decreases. This keeps customers from making emotional decisions. Keeping frustration down helps prevent the customer from shopping around for other options.Watch this youtube video and learn more about raising your prices. CONCLUSIONPrice increases often fuel times of uncertainty but you can help prevent turmoil by communicati ng the increase in the appropriate way. Remember that the fear surrounding a price increase rarely has anything to do with the price itself. Be transparent, honest and continue to offer real value to your customers and you can communicate a price increase with very little pain.
Sunday, May 24, 2020
Taking a Stand on Land, Forest, Wildlife Management
From the age of 15 I have had a job and was always better at work than school. It wasn’t until recently that I decided I need a change, so I chose to start college. My love of fishing and the outdoors made the decision easy when it came to choosing my major, Land Forestry Wildlife Management. Although the decision came easy and I feel it is the right career for me, there are many issues, positive and negative, related to my field. Land, Forest, Wildlife Management does a lot of good for people and animals but can also hurt. Prescribed burning, wildlife control and forest management are all big issues related to the field. Prescribed burning, also called controlled burns, has many purposes. The American Indians set fire to stimulate the development of plants and keep areas open to produce food (Minnesota Department of Natural Resources). Prescribed fires help improve wildlife habitat and soil quality. After the burns, the brush grows back greener and lusher, providing n esting areas for creatures such as deer. In addition, prescribed fires are a cheaper way to manage vegetation as they require no bulldozing, cutting, or chemicals (Minnesota Department of Natural Resources). Many argue that prescribed burning is dangerous, but so are other things, including some things people do on a daily basis. For instance, driving a car. Just starting the car alone creates a spark that ignites combustion in the cylinders. A spark combined with gasoline in the car is a dangerousShow MoreRelatedWildlife Management: Why People Hunt? Essay1092 Words  | 5 Pagesuseless because you can buy meat at grocery stores. But in reality, it is the reason the wildlife they see are not extinct. Harvesting game not only benefits the hunter with the meat, but also the land, the wildlife, and controls the game population; therefore, without it wildlife would starve, and land would not be managed. Hunting manages land in many ways. Around seventy-three percent of funding for all wildlife programs comes from the sale of hunting licenses and trapping licenses fees from theRead MoreTaking a Look at Wetlands803 Words  | 3 PagesHomebush. The sixty-five hectare Badu Mangroves are listed in the Directory of Important Wetlands in Australia and is an ecologically significant estuarine wetland system. The wetland was created because of a series of land reclamation over several decades, including extensive mangrove stands, open water waterbird refuge and an estuarine creek system. The park offers a variety of pathways and boardwalks for spectacular viewing opportunities, allowing the animals to live peacefully while the wetland systemRead MoreEssay about Management of Old-growth Forests in the Pacific Northwest2800 Words  | 12 PagesManagement of Old-growth Forests in the Pacific Northwest When westward expansion brought settlers to the Northwest in the 1800s, they discovered that coniferous trees â€Å"forty feet in circumference [that] shot two-hundred feet straight up†flourished in the forests of the Pacific coast (Ervin 55). These early pioneers found the opportunity for economic growth in logging these vast forests of towering trees unlike any they had seen before. Today, the timber industry still remains the backboneRead MoreEssay about Land Use and its Effects on Farms1221 Words  | 5 PagesLand Use and its Effects on Farms Farms are being bought and destroyed at a fast rate. Farmland is being bought by big business so they can expand. Farmland is being subdivided and sold to individuals to buy land for homes. Farmland is also destroyed to start animal reserves. This could eventually have an effect on the economy of the United States. If the United States keeps losing farms at this rate there may not be enough food produced to support the United States. This would mean ourRead MoreThe Problem Of Forest Fires1804 Words  | 8 Pagesissue I can tell you about is the forest fires. Sometimes people don t notice or now about the forest fires until it is talk in the news and it s mostly because it has done a great damage. As soon as people hear about forest fires they want them to be extinguished but the problem is that fires need to be controlled or managed. By having a fire started by officials fire departments or Park Rangers can help to lower the frequency of wildfires and can help the land be more prepared in case of fireRead MoreDeforestation Of Latin American Forest2010 Words  | 9 Pagesrequirement for food, fuel, shelter, and foreign exchange. Year on year, a space of tropical forest the size of Great Britain is converted from an area equal to the size of Europe. Ever since 1950, according to the U.N. Food and Agriculture Organization (FAO), half of the world s forests have disappeared. â€Å"Latin America has lost 37 percent of its tropical forests,†says the FAO. As more and more of Latin American forest are degraded, more and more detrimental effects are being seen. Deforestation is changingRead MoreCarbon Sequestration in Forest Ecosystems Essay2422 Words  | 10 PagesCarbon Sequestration in Forest Ecosystems Amid growing concerns about increasing concentrations of greenhouse gases in the atmosphere, mitigation techniques that reduce levels of greenhouse gases are receiving attention as a possible remedy for climate change. Forest ecosystems play an important role in the global carbon cycle, but there are still questions about how significant of a role they play and how manipulating management plans affects a forested area’s carbon sequestration potential. VariousRead MoreWhere The Grand Canyon And Lake Mead Collide1544 Words  | 7 PagesWhere the Grand Canyon and Lake Mead collide, sits an ecological and historical oasis. The Virgin Mountains stand tall in the background as waterfront views of Mead paint an unforgettable scene. This desert abode served as host for early prehistoric inhabitants, Native Americans, early pioneers, Spanish miners, and presently outdoor enthusiasts. Adventurists have the opportunity to explore over 800 miles of intertwining roads that braid the la ndscape. Gold Butte has remained one of Mojave s mostRead MoreHunting Benefits Wildlife Conservation2777 Words  | 11 PagesThe United States is home to many different big-game and small-game species of wildlife. The list ranges from the elusive racoon to the prosperous white-tailed deer, and even to the beastly grizzly bear. Since the United States government adopted the concept of conservation, due partly to the great acts of President Theodore Roosevelt, its has been our moral responsibility to protect the game species of America (Belanger). Our country provides a professional and sufficient way to guide conservationRead MoreAnalysis Of Michael Iverson, Virgin Mountains 2016. Where The Grand Canyon And Lake Mead Collide1741 Words  | 7 PagesPhoto By: Michael Iverson, Virgin Mountains 2016 Where the Grand Canyon and Lake Mead collide, sits an ecological and historical oasis. The Virgin Mountains stand tall in the background as waterfront views of Mead paint an unforgettable scene. This desert abode served as host for early prehistoric inhabitants, Native Americans, early pioneers, Spanish miners, and presently outdoor enthusiasts. Adventurists have the opportunity to explore over 800 miles of intertwining roads that braid the landscape
Thursday, May 14, 2020
Three Types of Exceptions in Java
Errors are the bane of users and programmers alike. Developers obviously dont want their programs falling over at every turn and users are now so used to having errors in programs that they grudgingly accept to pay the price for software that will almost certainly have at least one error in it. Java is designed to give the programmer a sporting chance in designing an error-free application. There are exceptions that the programmer will know are a possibility when an application interacts with a resource or a user and these exceptions can be handled. Unfortunately, there are exceptions the programmer cant control or simply overlooks. In short, all exceptions are not created equal and therefore there are several types for a programmer to think about. An exception is an event which causes the program to be unable to flow in its intended execution. There are three types of exceptionâ€â€the checked exception, the error and the runtime exception. The Checked Exception Checked exceptions are exceptions that a Java application should be able to cope with. For example, If an application reads data from a file it should be able to handle the FileNotFoundException . After all, there is no guarantee that the expected file is going to be where it is supposed to be. Anything could happen on the file system, which an application would have no clue about. To take this example one step further. Lets say we are using the FileReader class to read a character file. If you have a look at the FileReader constructor definition in the Java api you will see its method signature: public FileReader(String fileName) throws FileNotFoundException As you can see the constructor specifically states that the FileReader constructor can throw a FileNotFoundException. This makes sense as its highly likely that the fileName String will be wrong from time to time. Look at the following code: public static void main(String[] args){ FileReader fileInput null; //Open the input file fileInput new FileReader(Untitled.txt); } Syntactically the statements are correct but this code will never compile. The compiler knows the FileReader constructor can throw a FileNotFoundException and its up to the calling code to handle this exception. There are two choices - firstly we can pass the exception on from our method by specifying a throws clause too: public static void main(String[] args) throws FileNotFoundException{ FileReader fileInput null; //Open the input file fileInput new FileReader(Untitled.txt); } Or we can actually handle with the exception: public static void main(String[] args){ FileReader fileInput null; try { //Open the input file fileInput new FileReader(Untitled.txt); } catch(FileNotFoundException ex) { //tell the user to go and find the file } } Well-written Java applications should be able to cope with checked exceptions. Errors The second kind of exception is known as the error. When an exception occurs the JVM will create an exception object. These objects all derive from the Throwable class. The Throwable class has two main subclasses Error and Exception. The Error class denotes an exception that an application is not likely to be able to deal with. These exceptions are considered rare. For example, the JVM might run out of resources due to the hardware not being able to cope with all the processes it is having to deal with. Its possible for the application to catch the error to notify the user but typically the application is going to have to close until the underlying problem is dealt with. Runtime Exceptions A runtime exception occurs simply because the programmer has made a mistake. Youve written the code, it all looks good to the compiler and when you go to run the code, it falls over because it tried to access an element of an array that does not exist or a logic error caused a method to be called with a null value. Or any number of mistakes a programmer can make. But thats okay, we spot these exceptions by exhaustive testing, right? Errors and Runtime Exceptions fall into the category of unchecked exceptions.
Wednesday, May 6, 2020
Mercury The Element Mercury - 2182 Words
Mercury: The element mercury has the chemical symbol Hg; it is a silver colour and is a liquid at room temperature. Mercury has a high density and surface tension and can easily break up into small droplets. Mercury can dissolve some metals resulting in amalgams, metal alloys of mercury. It is not soluble in water or most other liquids, but will dissolve in lipids (fats and oils). With fluctuations in temperature, mercury expands and contracts evenly with these changes and is classed as a non-combustible liquid. (Mercury characteristics) When mercury enters the environment from emissions in the air, water or soil, it oxidises into other compounds of mercury. Both mercury and its compounds have high acute (short-term) and have high chronic (long-term) toxicity on aquatic life. Eating fish contaminated with mercury has caused poisoning in humans; birds and land animals exposed in the same manner could also be subject to the same effects. Mercury and its compounds are highly persistent in water and the environment and will bio accumulate or concentrate in the tissues of fish. These concentrations will be considerably higher than the water from which the fish is taken. Mercury chloride will act as a particle, following wind patterns, and being deposited by rain. Elemental mercury may be a gas in the atmosphere. Emissions of mercury and or mercury compounds can produce elevated, but still low-level concentrations in the atmosphere around the source. Elemental mercury canShow MoreRelatedThe Element Mercury Essay example13 10 Words  | 6 PagesMercury is an element of the earth, and can take place naturally as well from manmade. Mercury continuously comes up towards the surface of the earth’s crust, because of the high temperature of the earth’s mantle, and this can make mercury a very mobile source. Surface rocks can contain high levels of concentrated mercury, which can add to the levels of emission standards of mercury. Natural sources can come from the earth crust, volcanoes, and erosion. Others are from weather, floods, and forestRead MoreThe element mercury was known to ancient Egypt and China. They used it thinking it would prolong600 Words  | 3 PagesThe element mercury was known to ancient Egypt and China. They used it thinking it would prolong their life. It is one of the metal which is liquid in normal pressure and temperature. Which helps us to understand many parameters which are dependent on pressure and temperature. It was recognized as an element by A. L. Lavoisi er in the 18th century. Some of the properties of the element are as follows. Chemical name Mercury Chemical symbol Hg Atomic number 80 Average mass number 200Read MoreHistory Of The Periodic Table Of Elements1664 Words  | 7 PagesHistory of the Periodic Table of Elements The construction of the Periodic Table of Elements was prior to the discovery of the individual elements. Elements such as silver, gold, tin, copper, lead and mercury have been known for centuries. In 1649, the first scientific discovery of an element was made by Hennig Brand when he discovered phosphorous. Prior to Brand’s discovery, chemists had acquired an immense body of understanding concerning the properties of elements and their compounds for the nextRead MoreThe Importance Of Monitoring And Assessment Methods In The Aquatic Environment1027 Words  | 5 Pages2. Monitoring and assessment method Mercury cannot be degraded, and once dispersed in the environment must be bond to another element, diluted, stored and/or exported in order to detox the environment. Left in the environment, mercury is persistent for decades or century, dependable of its state. Mercury concentrations vary through seasons, and the levels of elemental gaseous mercury (GEM) in air and dissolved gaseous mercury (DGM) are significantly higher in fall compared to summer. This supportsRead MoreMercury And Its Effects On Mercury1465 Words  | 6 PagesMercury is a heavy, silver-white, highly toxic metallic element. It is the only metallic element that is liquid at room temperature. Mercury can be used in thermometers, pesticides, pharmaceutical preparations, surfaces of mirrors, and dental fillings. There are several forms of mercury which include elemental or metallic mercury, inorganic mercury compounds, and organic mercury compounds. Elemental/metallic mercury is liquid at room temperature and turns into a colorless, odorless gas when heatedRead MoreThe Planet Of Planet Mercury1256 Words  | 6 Pages Introduction The planet Mercury is very difficult to study from the Earth because of its proximity to the Sun. It is the second smallest planet (it was believed to be the smallest until the discovery that Pluto is actually much smaller than originally thought), and also the fastest in its orbit since it is the innermost planet. Solar System Records Highest uncompressed density. Highest diurnal variation in temperature. Only Solar System object with a 3:2 spin-orbit resonance. it rotates on itsRead More automobile pollution Essay658 Words  | 3 Pageswe face is having vehicles with mercury light switches in the trunk and hood. Mercury is a fluid metallic element that is toxic and can cause various health problems, air and groundwater pollution also. Ford is one of the automobile companies that still use mercury in light switches and certain antilock brake components. The mercury becomes a problem only after vehicles containing it are taken to a junkyard and destroyed. When these vehicles are destroyed the mercury seeps out into the environmentRead MoreWhat Are The Toxic Components Of Its Harmful Effects And Remedies?761 Words  | 4 Pagesas well as harmful and a threat to the environment. If you open a different part of the PC have exposed, and toxic metals such as lead, mercury, cadmium, barium, chromium, and copper etc. can face serious losses. Computer material containing harmful toxic elements in the brain, kidney, serious harmful to the fetus and Reproductive System. Harmful toxic elements that are widely used in a variety of PC components of its harmful effects and remedies as follows: 1. CRT Monitor Lead, phosphorus, cadmium:Read MoreThe Environmental Protection Agency ( Epa )1690 Words  | 7 Pageslargest source of U.S. mercury emissions to the air. Once mercury from the air reaches water, microorganisms can change it into methyl mercury, a highly toxic form that builds up in fish which is how people are primarily exposed to mercury by eating the contaminated fish. In the year 2011, the United States Environmental Protection Agency (EPA) signed a rule to reduce emissions of toxic air pollutants, specifically Mercury, from coal fired power plants. The resulting Mercury and Air Toxic StandardsRead MoreThe Miners During Colonial Latin America1161 Words  | 5 PagesDuring Colonial Latin America, the major production of silver and mercury as benefited Spaniards, while Indians worked for hours in the mines. Miners during this time were exposed to dangerous conditions in which many died of diseases, contamination/poisoning and injuries and all for low payments. In Mercury, Min ing, and Empire, Nicholas A. Robins incorporates the labor system and the processes behind the production of mercury and silver. Also, the pollution that surged as consequence and the conditions
Tuesday, May 5, 2020
IT Infrastructure Management for Transmitting-myassignmenthelp
Question: Discuss about theIT Infrastructure Management for Transmitting. Answer: Introduction Information technology is the utilization or study of systems for manipulation, transmitting, sending and even storing information (Schwalbe, 2015). I am a student of information technology infrastructure management. Discussion Importance of IT in Career Information technology is considered as the subset of ICT or information and communications technology. Personal computers, electronic mails, Internet connection, all of these comprise of information technology (Holtshouse, 2013). IT is extremely important for my career. Any type of security related issues could be easily solved with the help of IT. Moreover, my technical knowledge can be increased with information technology. Achievements after Studying IT After studying information technology, I want to understand the entire concept of technology. My technical knowledge could be easily increased once I will complete studying IT (Cai Zhu, 2015). Security is the most important and significant factor in any organization or work. Information technology provides the best security to any organizational resource or asset. I want to gain proper knowledge of technology after studying IT. Plans after Finishing Study I want to join the industry of information technology after completing my studies. Various job opportunities are present in this domain (Schwalbe, 2015). Moreover, I will be able to know about technology more precisely. My knowledge and skills will be a great help to the organization and thus I will be satisfied with my job. Main Functions of Data Centres A data centre is the facility that is utilized in a computer system and various related components like storage system or telecommunication (Schwalbe, 2015). It involves backup as well as redundant power supplies and several security devices. The major functions of a data centre include providing of faster growing cloud service and centralizing any particular organizational IT operations (Holtshouse, 2013). Furthermore, data centre helps to continue with the daily operations of information technology. There are three different types of data centres. They are as follows: i) Corporate Data Centres ii) Web Hosting Data Centres Data Centres with Web 2.0 Technology Importance of Data Quality Quality of data is another significant factor in information technology for any organization (Cai Zhu, 2015). Without the higher quality of data, it is not possible to keep contact with the clients. Moreover, in this data driven era, it is extremely easy to search for the major information regarding the potential and recent clients. This information helps to enable to market more effectively and also encourage factor of loyalty (Holtshouse, 2013). The main benefits of data quality include low mailing costs, improvised relations with customers, consistent data and even effective marketing. Problems with Cloud Computing Cloud computing is the easiest and the most popular mode of data transfer through the Internet connection (Almorsy, Grundy Mller, 2016). It is extremely fast and can be done cost effectively. However, in spite of having these advantages, there are some of the major issues or problems that make cloud computing tougher to use. The main problems of cloud computing are as follows: i) Privacy Issues: This is the most important issue in cloud computing (Almorsy, Grundy Mller, 2016). Often data is hacked and thus the confidentiality is lost. ii) Migration: This is another significant problem in cloud computing. Data is needed to be migrated regularly and this makes it tedious to use. Complexity: The third major issue in cloud computing is complexity. This type of service is complex to use. iv) Availability of Data and Services: The fourth problem of cloud computing is the lack of availability of data and services (Almorsy, Grundy Mller, 2016). It is not easily available in the market and thus it becomes a major issue for the customers of cloud computing. Conclusion Therefore, it can be concluded that, information technology is the most important sector in todays world. The above report has clearly given a brief description of information technology and how it is important for my career. Moreover, the achievements and plans after studying IT are given here. The final part of the report comprises of data centres, data quality and cloud computing. References Almorsy, M., Grundy, J., Mller, I. (2016). An analysis of the cloud computing security problem.arXiv preprint arXiv:1609.01107. Cai, L., Zhu, Y. (2015). The challenges of data quality and data quality assessment in the big data era.Data Science Journal,14. Holtshouse, D. K. (2013).Information technology for knowledge management. Springer Science Business Media. Schwalbe, K. (2015).Information technology project management. Cengage Learning.
Saturday, April 4, 2020
Building Quality Organizations Saudi Arabian Airlines
Introduction The business world is becoming competitive and managers are looking for ways to enhance the effectiveness of their operations. One way that is emerging as a favorite method with many business managers is the review of organizational structure to determine the effectiveness of the structure (Murphy Willmott 2010, p. 34).Advertising We will write a custom report sample on Building Quality Organizations: Saudi Arabian Airlines specifically for you for only $16.05 $11/page Learn More Some structures are more suitable to some businesses while making it good for managers to have a good understanding of each structure. Organization structure refers to the way a business is organized in order to achieve its objectives. Organization structure therefore entails the allocation of duties in an organization, coordination and supervision of tasks in order to attain the organizational goals and objectives. This project evaluates the organization structure of the Saudi Arabian Airlines, an organization operating in the Kingdom of Saudi Arabia. The business is based in Jeddah, Saudi Arabia and it operates in many countries in Middle East, Europe, Africa and America (Ali 2008, p. 91). The company offers flight services for passengers and parcels. Until 2006, the organization was the largest carrier in the Middle East but United Arab Emirates (UAE) pushed it to second place. The company owns several business units and assets thus organizational structure is of much importance to the organization. Classification of Structure and Description of Elements There are various organizational structures based on five elements that are hierarchy, specialization, standardization, and formalization (Tsoukas and Christian 2005, p. 56). Hierarchy means the way in which the authority in the organization is spread while specialization refers to the extent to which different employees perform different distinguished tasks in the organization. Standardiz ation is the need to have common culture, procedures and goals across all departments in an organization while formalization is the level and application of official administration in the organization. An organization should first prioritize its focus before coming up with an organization structure. According to Robbins Barnwell (2006, p. 37), organizations design their structure basing on several factors such as size, the operations, life cycle of the business, the business environment in which the business operates and the strategic orientation of the business. Small businesses usually have a simple structure unlike big business.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The life cycle of the business is a major factor in determining the organization structure, as more mature companies tend to have structures that seek to enhance their effectiveness. The complexity of a business e nvironment is also a big factor in determining the organization structure. The more complex the environment is, the more advanced the structure should be and vice versa (Robbins Barnwell 2006, p. 55). There are several organizational structures that include the matrix organizational structure, regional organization structure, departmental organization structure, centralized structure, flat structure and tall structure. The organization structure of Saudi Arabian Airlines is a matrix structure composed of the geographical structure and the functional departments. The company has offices in most regions that cater for the needs of those regions. Additionally, the structure has functional departments in order to enhance specialization and formalization. The structure is quite flat making decision-making is quite decentralized. In the matrix structure of the organization, all the regional offices have functional departments that report directly to the respective regional department at the head office. The regional offices have a regional manager who coordinates the operations in that region and reports directly to the Chief Executive officer (Robbins Barnwell 2006, p. 112). Function of the Present Structure There are several reasons why the Saudi Arabian Airlines has its current organization structure. One of the reasons behind the matrix structure of the organization is the complexity of the airlines industry and the business environment (Ali 2008, p. 103). The industry is quite complicated due to the interaction with different cultures, political situations and legal frameworks, different levels of technology in different regions and different economic conditions hence a matrix organization structure is necessary to manage all the dynamics. In addition, the organization structure adopted by Saudi Arabian Airlines is most suitable for its business since the organization is at maturity level. The important factors of the organization are to enhance efficiency in its operations and maintain its market share. A flat structure is thus ideal in order to ensure fast decision-making.Advertising We will write a custom report sample on Building Quality Organizations: Saudi Arabian Airlines specifically for you for only $16.05 $11/page Learn More The Mintzberg’s theorem is important to analyze how the organization structure of an organization works. According to this theory, an organization has five major parts that include the strategic unit, support staff, the techno structure, operating core and the middle line. The strategic unit is responsible for providing the overall direction of the firm while the operating core in the unit that performs the basic tasks in the organization. The techno structure provides suggestions on how to improve the performance of the organization while the support staff is the unit outside the flow of work but they support the organization. Middle line managers help in implementing the strategies or linking the strategic unit with the operating unit. According to Mintzberg, several forces exist in an organization that pulls the business units towards standardization, centralization, collaboration, balkanization and professionalization (Hatch Cumliffe 2006, p. 104). In order to neutralize these forces, there are different organizational structures that exist to an organization and these include simple structure, machine bureaucracy, professional bureaucracy, divisionalized form and adhocracy. According to this theory, the organizational structure of Saudi Arabian Airlines is a professional bureaucracy since the divisions in an organization are formed of duly competent people who can make their own decisions. As such, decision making in the organization is highly decentralized. This is the ideal nature of organization structure for the Saudi Arabian Airlines since it is a large organization operating in a dynamic and complex environment. Effectiveness of the Or ganization Structure in Meeting Strategic Goals The main aim of developing an organization structure is to increase effectiveness of an organization and thus enhancing the competitiveness of an organization. Effectiveness is described as the extent of attainment of organizational goals hence an organizational structure is effective if it helps an organization to achieve its organizational goals.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Each organization has its organizational goals and objectives that justify their existence. The major reasons for an organizational structure are to enhance the functioning of the organization, enhance communication, evaluation and management of employees, achievement of firm goals and problem solving (Jones and Munro 2005, p. 40). In order to discuss effectively the organization structure of the Saudi Arabian Airlines, it is good to have an understanding of the strategies of the company and the strategic goals of the airlines company. The major strategic objective of the company is to maximize profits through provision of customer value. This has some objectives that include operating under low cost, focusing on some markets, conducting market research to understand the market needs and expanding of operations into new markets. The strategies used by the company are thus consolidation of existing markets, strategic human resource management, efficiency in operations and expansion i nto new markets among other strategies. The organization structure of Saudi Arabian Airlines plays a big role in attaining the organizational goals and objectives. The matrix structure has enhanced communication across departments and across all hierarchies. This is good since it leads to coordination hence efficiency in the organization. It is also a better way to achieve coordination and motivation of employees, which is a strategic move of the airlines company (Hatch Cunliffe 2006, p. 83). Using geographic structure, the Saudi Arabian Airlines is able to understand the market requirements of each region hence the ability to consolidate operations in those regions. The organization encourages decentralized decision making which has led to autonomy of departments in decision-making. Organizational structure therefore gives an organization the ability of attaining the organizational goals and objectives. The company measures the effectiveness of its strategies by measuring the atta inment with the targets made. One major measure of the effectiveness of organization structure is using profitability as reported in the financial statements. These are compared with the reports for previous years and with the reports of other companies in the same industry. This provides an insight into the performance of the company. The effectiveness of an organization structure is therefore measured through the ends focus of the effect on strategic goals (Tsoukas Christian 2005, p. 119). Merits of Four Approaches to Organizational Effectiveness According to Ali, organizational effectiveness is generally defined as the ability to achieve the organizational goals and objectives (2008, p. 202). There are different dimensions of effectiveness of an organization that are always competing against each other. These include flexibility, internal focus, external focus and control. For an organization to be effective, it must balance all these dimensions of organizational effectiveness. The approaches used to measure organizational effectiveness measure the extent to which an organization structure has been able to balance the main dimensions. There are four major approaches to measure organizational goals. These are the goal approach, the internal process approach, system resources approach and constituency approach. The goal approach measures effectiveness by comparing the level of attainment of one or more goals such as maximizing profit or increasing market share. The internal process approach defines effectiveness as the ability to achieve efficiency in operations through motivation and coordination of employees. The systems resource approach defines effectiveness in terms of ability to mobilize and put into use scarce resources. The constituency approach measures the ability of the organization to satisfy the needs and expectations of the stakeholders of an organization (Wagner-Tsukamoto 2003, p. 57). The merits of the above methods of measuring organizationa l effectiveness are that they provide a detailed measure and analysis of each component of an organization. The goal resources approach, the internal process approach, goal approach and constituency approach give the much-needed analysis of each strategic section of an organization such as the operations, employees, shareholders and other stakeholders and components. This therefore forms a good base of developing a balanced score card in order to balance the focus of the organization. The four approaches also give a complete analysis of the ability of the organizational structure to balance the dimensions of effectiveness. Structural Problems and Barriers to Problem Resolution in the Organization Since Saudi Arabian Airlines uses the matrix organization structure composed of geographic and functional departmentation, there are some barriers and problems to effective resolution in the organization. The first barrier is ineffective communication and coordination between the head offic e and the regional departments. The regional departments are semi-autonomous and they cannot completely make decisions on their own. The regional managers must consult the chief executive officer. This gives a barrier in attainment of organizational effectiveness since the response from the head office might be low due to wide span of control. This is a big communication breakdown that is a barrier to problem resolution in the organization. Another possible barrier to problem resolution is potential conflicts between the regional departments and the geographic departments. Under the matrix structure of Saudi Arabian Airlines, there are regional departments that have all the functional departments. These functional departments in the regional offices report directly to the respective functional departmental heads rather than reporting to the regional manager. The regional manager is responsible for coordination of the functional departments in that particular region and reports direc tly to the chief executive officer. The regional managers are also responsible for implementation of the organizational goals at the regional level. There is a possible problem of conflicts of interest between the regional offices and the functional departments, which would affect negatively problems resolution in the organization hence, effectiveness (Jones Munro 2005, p. 179). The organization structure is flat but the regional offices are not well empowered to make decisions. They are required to consult with the head office and the functional departments before making any decision. This is a barrier to problem resolution in the organization since some problems are urgent and they need to be addressed urgently. The matrix organization structure used by Saudi Arabian Airlines leads to time wastage in consultations hence barrier to problem resolution in the organization (Murphy Willmott 2010, p. 115). Proposed Solutions to Address the Problems Identified From the discussion above , the current structure used by Saudi Arabian Airlines has some shortcomings that should be addressed by some structural changes. One major recommendation is to change the communication channels used by the departments of the organization. Under the current channels, the functional departments at the regional level report directly to the respective functional departments at the head office. They do not report to the regional manager. It is important that this structure be changed so that the functional departments report to both the regional manager and the functional departmental head office. This would empower the regional manager and enhance communication between the regional departments and the functional departments (Hodge, Anthony gales 2003, p. 210). This is necessary, as it will go a long way to reduce possible conflict of interest between the regional departments and the functional departments. It will also make coordination of the functional departments easy at the region al level. Another proposal the writer would make to the organization structure is to increase he hierarchy of the structure. The structure currently used by Saudi Arabian Airlines is so simple and flat that it lacks the capacity to address the complex business environment. This study proposes that the airlines increase the hierarchy of the organization. This could be done by grouping regional offices into a large block rather than having many regional offices. For instance, instead of Saudi Arabian Airlines having regional offices in Japan, Hong Kong, Seoul and other cities in Asia all reporting to the chief executive officer, these offices could report to a regional coordinator in charge of the Asian region. These regional coordinators should be autonomous and this would speed up problem resolution and decision making in the organization. It would also be a good move to ensure coordination between regional departments of the airlines company (Hatch Cunliffe 2006, p. 89). Conclusio n An organization structure adopted by an organization has a big effect in the effectiveness of the organization in terms of achievement of organizational goals and operationalization of organizational strategies. Different organizational structures favour different stages of an organization and different industries. The Saudi Arabian Airlines uses the matrix structure that is a combination of geographic and functional departments. This structure is ideal for Saudi Arabian Airlines since it is a mature company whose strategic goals are to consolidate the existing markets and maximize value for customers. The organization structure used by Saudi Arabian Airlines has played a big role in attaining effectiveness in the organization as shown in the goals approach. However, the structure has some limitations that could be resolved by using the recommendations given (Ali 2008, p. 132). With the increase of competition and complexity of the business environment coupled by the globalization of business, firms have to achieve competitiveness through enhancing effectiveness. The strategies used in an organization cannot be implemented effectively if the organization does not use the right organization structure. An organization structure enhances coordination, focus, communication and motivation of employees that are key drivers of strategic decision-making and implementation. Organization structure therefore has a big role to play in the strategic direction and success of an organization. List of References Ali, A 2008, Business and management environment in Saudi Arabia: Challenges and opportunities for multinational corporations, Taylor Francis, London. Hatch, M Cumliffe, A 2006, Organization theory: Modern, symbolic, and postmodern perspectives, Oxford University Press, London. Hodge, B, Anthony, A Gales, L 2003, Organization theory: A strategic approach, Prentice Hall, French’s Forest, NSW. Jones, C Munro, R 2005, Contemporary organization theory, Wiley- Blackwell, London. Murphy, D Willmott, H 2010, Organization theory and design, Cengage Learning EMEA, New Jersey. Robbins, SP Barnwell, N 2006, Organization Theory, 5 Edn, Prentice Hall, French’s Forest. Tsoukas, H Christian, K 2005, The Oxford handbook of organization theory, Oxford University Press, London. Wagner-Tsukamoto, S 2003, Human nature and organization theory: On the economic approach to institutional organization, Edward Elgar Publishing, Cheltenham. This report on Building Quality Organizations: Saudi Arabian Airlines was written and submitted by user Rashad Gomez to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Sunday, March 8, 2020
Free Essays on Sex ED
Who’s Entitled Sex, sex, sex it’s so prevalent in everyday society. The media, television, movies, video games, advertisements, books, magazines; all of these and more not only condone sexual promiscuity but glorify it. The children of America are subjected daily to these explicit thoughts and images. Yet one third of school districts in the U.S. teach abstinence-only-until-marriage which not only tell kids that they should just wait, but the program also limits the information about contraceptives (Rollins). Many people argue that teaching kids about safe-sex is sending them mixed messages. They feel that the message being sent is telling kids it’s okay to be sexually active, so long as one protects him/her self. But what about all the explicit imagery and actions that the media portrays as being normal and cool, is this not also sending kids a mixed message? Unfortunately most of the media doesn’t provide the information of safely protecting oneself from diseases or pregnancy. In the majority of movies and television shows they don’t show the guy slipping on a condom before he performs sexual intercourse; or the girl taking birth control weeks in advance. The after effects are failed to be presented in much of today’s media. Very few of the sexual acts being performed are by couples that are married. This is in return sending kids a mixed message. Television, and movies are showing them it’s okay to be sexually active with out marriage, but their schools are telling them just wait until marriage because it’s better that way. Who’s sending the mixed message now? Educating the youth efficiently about all aspects of sex in public schools starting in middle school until high school should be a number one priority in every school in America: Teaching kids abstinence only is unhealthy and unreal istic in today’s society; by teaching youth safe-sex methods a reduction in the number of teen pregnancies and... Free Essays on Sex ED Free Essays on Sex ED Who’s Entitled Sex, sex, sex it’s so prevalent in everyday society. The media, television, movies, video games, advertisements, books, magazines; all of these and more not only condone sexual promiscuity but glorify it. The children of America are subjected daily to these explicit thoughts and images. Yet one third of school districts in the U.S. teach abstinence-only-until-marriage which not only tell kids that they should just wait, but the program also limits the information about contraceptives (Rollins). Many people argue that teaching kids about safe-sex is sending them mixed messages. They feel that the message being sent is telling kids it’s okay to be sexually active, so long as one protects him/her self. But what about all the explicit imagery and actions that the media portrays as being normal and cool, is this not also sending kids a mixed message? Unfortunately most of the media doesn’t provide the information of safely protecting oneself from diseases or pregnancy. In the majority of movies and television shows they don’t show the guy slipping on a condom before he performs sexual intercourse; or the girl taking birth control weeks in advance. The after effects are failed to be presented in much of today’s media. Very few of the sexual acts being performed are by couples that are married. This is in return sending kids a mixed message. Television, and movies are showing them it’s okay to be sexually active with out marriage, but their schools are telling them just wait until marriage because it’s better that way. Who’s sending the mixed message now? Educating the youth efficiently about all aspects of sex in public schools starting in middle school until high school should be a number one priority in every school in America: Teaching kids abstinence only is unhealthy and unreal istic in today’s society; by teaching youth safe-sex methods a reduction in the number of teen pregnancies and...
Friday, February 21, 2020
Right ingredients for a successful M&A Essay Example | Topics and Well Written Essays - 2250 words
Right ingredients for a successful M&A - Essay Example Factors such as shifting market dynamics from US to Emerging Markets, rising healthcare demand due to ageing population, regulatory and government changes due to economic environment and patent expiration of blockbuster drugs and the failure of R&D have led companies to restructure, grow inorganically and contain costs. Rationale behind M&A in Pharma There are a number of reasons behind which organizations merge or aquire each other, the most presiding one is accelerating growth. Pharma industry has some unique growth drivers that lead the companies to grow inorganically rather in the conventional way. The key drivers of M&A growth in the pharmaceutical industries are: 1. R&D Productivity: The pharmaceutical industry is research-intensive industry, with an average R&D to sales ratio as high as 18%, compared to 4% for US manufacturing industry overall (Pharmaceutical Researchers and Manufacturers of America, 2011). The R&D process is expensive costing $1.3bn in average (Grabowski, 200 7) time-consuming (12-15 years) and highly risky in their outcomes. Hence, by joining the research expertise of the two companies, M&As can profoundly improve the research performance of the firms involved. 2. Pipeline growth: An important investing criterion in pharma firms is evaluating company’s drug pipeline. Inspite of the exorbitant R&D spend, drug pipelines of companies are quite barren, especially the late?stage pipelines. Hence it is imperative for the Pharma companies to look outside in order to fill their pipelines. 3. Search for Blockbusters: Blockbusters, defined as brands with annual sales in excess of $1 billion, continue to drive growth. Pharma companies constantly search for blockbuster drug molecules such as Eli Lily’s Prozac or Pfizer’s Lipitor to boast their... Right ingredients for a successful M&A There are a number of reasons behind which organizations merge or aquire each other, the most presiding one is accelerating growth. Pharma industry has some unique growth drivers that lead the companies to grow inorganically rather in the conventional way. The key drivers of M&A growth in the pharmaceutical industries are: R&D Productivity: The pharmaceutical industry is research-intensive industry, with an average R&D to sales ratio as high as 18%, compared to 4% for US manufacturing industry overall.The R&D process is expensive costing $1.3bn in average time-consuming and highly risky in their outcomes. Hence, by joining the research expertise of the two companies, M&As can profoundly improve the research performance of the firms involved. Pipeline growth: An important investing criterion in pharma firms is evaluating company’s drug pipeline. In spite of the exorbitant R&D spend, drug pipelines of companies are quite barren, especially the late†¨stage pipelines. Hence it is imperative for the Pharma companies to look outside in order to fill their pipelines. Blockbusters, defined as brands with annual sales in excess of $1 billion, continue to drive growth. Pharma companies constantly search for blockbuster drug molecules such as Eli Lily’s Prozac or Pfizer’s Lipitor to boast their top lines. The period for which the patented drug can be masrketed is effectively 4-5 years after which the patent owning company loses its exclusivity to market and sell the drug.
Wednesday, February 5, 2020
National Security Strategy Essay Example | Topics and Well Written Essays - 1250 words
National Security Strategy - Essay Example The NSS 2010 U.S strategy seeks to build coalitions with strong international support and participation to address these issues. The NSS focuses on the security of the United States, its citizens and the US allies and partners. In addition to detecting threats posed by weapons of mass destruction specially deployed by fundamental extremists operating from within and outside the borders mentored by state or non state actors 1. The Quadrennial Defense Report (QDR) identifies the changing environment in which America will confront the challenges and threats of future. CSDFG identifies itself with National Military Strategy (NMS) with regards to the aims of the National Security Strategy (NSS) as it describes a strategic plan for the military force. 1. National Security Strategy. The white House, Washington May 2010 The strategies set forth in the DSG and CSDJF recognize the changes required for success in the new environment to meet the challenges and threats. Accomplishing both objecti ves will require stronger cooperation from our partners to deal with global challenges. Complementing the objectives in the NSS, the Defense Strategic Guidance (DSG) highlights the importance of transitioning forces to address the challenges of the future. The guidance explains the need for rebalancing the US military to meet the ends. The assessment broadly echoes the president’s strategic direction of transitioning defense forces from present war to get organized for the future challenges that would broadly address the national security concerns of the United States. Thus, the current transition, states the Chairman’s strategic direction for the joint force, is a selective and non-negotiable assimilation of capabilities to reconstitute the forces after the long period of war. Whereas the ways of achieving this fully equipped joint force are described precisely in the CSDJF. For example, the force will have a command over the cutting edge information technologies in n etworked special operations, including cyber, intelligence and reconnaissance to ensure much controlled and collaborative operations 2. On achieving the ends, CSDJF further explains that, â€Å"the implementation of these strategies will be a regionally-postured, but globally networked and flexible force. It can close on its objective at a time and place of its choosing and produce irreversible and stable outcomes. Finally, it is a joint force that provides a degree of security in balance with what the nation demands and is willing to pay†3. Hence, the DSG and CSDJF, to a great extant, are elaborative on the same issues that the NSS points out as areas related to our national security. 2. Dempsey, E. Martin. Chairman’s Strategic Direction to the Joint Force Joint Chiefs of Staffs 3. Ibid While CSDFJ is guidance in tandem with the NSS and the QDR, it is very vague in advising military objectives. Thus, many issues are left for interpretation, whereas, National Military Strategy (NMS) specifically recognizes the ends to achieve with appropriate allocation and use of resources. Both documents, NSS and QDR, are intentionally vague to allow for planning. The NSS specifies the policy of United States towards security threats caused by cross
Tuesday, January 28, 2020
Ryanair Strategic Management and Business Planning Case Study
Ryanair Strategic Management and Business Planning Case Study Introduction: Following report is based on the SWOT and PESTEL analysis of the Ryanair. This report will describe about the strengths, weakness, opportunities and threats of the ryanair. We will also examine about the external environmental effect by using the political, Economical, social, technological, environmental and legal analysis. There is briefly history of the ryanair which explain the investments and starting problems and till now, about the condition of internally and externally environment of the ryanair. Firstly discuss about the external environmental impact on the Ryanair and related to the strategy of the Ryanair. Basic objective and aim is to provide low cost fare services and increase profitability and to be a leader of market. By using the technique of PESTAL analysis can forecast the environmental change. For the examiner of environmental change have used different approaches like Bowmens strategy clock, Anoffs matrix, Michaels porters strategy. In addition, for determinant explain the porters five force model which have help out in the analysis of the competitive advantage ,new entrants, threats of substitutes. SWOT analysis is the best way to examine the internally condition of the Ryanair. It has explained about the powerful element and weak elements and also given the information about the new opportunities that Ryanair can get. Strategy Management: Strategy is the way and scope of an organization which achieve their goals in changing environments through its configuration of resources and competence with the aim of fulfilling stakeholder desires over the long term periods. There are following points which explain the term strategy: Strategy is concerned with the long term planning of any organization. Strategy is concerned with scope of any organizational activities. Purpose of strategy is to achieve some advantages for the organization over competition. Strategy is also affected by the values and expectation of those who have power in and around the organization, not only environmental forces and strategic forces. Main purpose of strategy is to achieve its aims and goal of organization. History of Ryanair: Ryanair is one of the most aircraft in the world including 44 bases and the 1100+ low fares more than 26 countries connecting with 175 countries. Ryanair has been launched by Ryan family in 1985 with the share capita  £1 and 25 staff members. In 1986 ryanair has taken permission from British airways and Aer linguis. Services are launched 1st turbo 46 seats aircraft from Dublin to London in May. After three year rapid growth , in 1990 ryanair faced  £20m accumulated losses and Ryan family has invested more  £20m and as copying the southwest airlines it was relaunched again and made new strategies under the new managerial systems and reduces their fares from  £99 to  £59 return tickets. In 1991 ryanair has changes its bases from Lutin to new airport of London Stansted which had new terminal and direct link of rail services. With the passage of time, ryanair has seen many changes every year. In 1995, Ryanair had untaken the British airways and Aer linguis. And also celebrated its 10th birthday with the great celebration. It becomes biggest air route in the Europe and internationally and also lowest fare rate airline domestically. Ryanair growth increased rapidly and employees receives shares of Ryanair and Ryanair received new Boeing aircrafts. In 2000, Ryanair has launched its website for the benefit of customers like booking, accommodation, train facilities and many more allowances as well. Furthermore, Ryanair has employed new employees and has developed career. Ryanair also promoted staff in 2007 and 2008. External Environment: Ryanair is largest low cots airline in the Europe. Ryanair is the largest investing and achieved its growth in friendly environment. Ryanair strategy is trying to improve its performance more. Ryanair has replaced its old Boeing aircraft to the new developed technology aircrafts. Ryanair also reduces the use of fuel and minimise the ratio of CO2 per passenger. Strategy of Ryanair is low cost fare and more profitability. Ryanair also use the point to point journey planner and tried to not landing during the way. It also tried to reduce the time. Ryanair also reduced to affection and disturbance by the noise or aircraft. It used new technology for less noise like new winglets and its help out in reduction of noise. Ryanair is the very low cost which is not offered to passenger for free food, drinks and many things. It safe thing not waste it. Ryanair has increased in tourism, employment level, and infrastructure. Theses external element has great impact on the strategy of the ryanair. Ryanair has basic objective low fares and high profit and giving good customer service to the passengers. With the [passage of time strategy of ryanair is developed and many changes incurred in it. Ryanair strategy is reducing the costs which include personnel, equipment cost, airport access rather than its competitors. Moreover, Ryan air with the high productive source is trying to improve its productivity which helps in reducing the labour cost. Ryanair strategy: After examine the SWOT analysis and Ryanair capabilities now we can easily describe about the strategy of Ryanair. Ryanair has cost minimization strategy through this it want to be leader of market and want to gain competitive advantage. Ryanair strategy is trying to focus on the aviation industry, new fleets, and airport charges route services and managing marketing cost etc. Basic aim and objective of ryanair is to increase low fares services and by doing continues progress want to be European low cost scheduled airline. Moreover, Ryanair providing low cost fares for those people who have travelled by other means of transportation and also those people did not ever travel at all. According to the statistical data Ryanair has maintained the recode of punctuality. Ryanair do point to point and non-stop routes which has reduced the cost of services. It also increase the productivity level by using work force which has help out in minimising labour cost. Ryanair also offers Bonuses, compensation, commission on the basis of hours for the encouragement of staff and personnel and crew member and pilot. Ryanair has new reservation system developed internet facility. Ryanair does not compensate with its safety rules, staff training and quality insurance and do not extend its low cost strategy in theses area. For the repairing of the crafts it has contract with the third party according to the European airlines otherwise repairing and maintenance work done by itself in London. Except all of these things ryanai r take care about the customer service, providing food, beverage, travel insurance, car rental and accommodation and it also provide telephonic reservation and different facilities. PESTEL Analysis of Ryanair: Political: In political analysis of ryanair include the internal and external stability of political condition in Europe countries like Middle East. Ryanair has to follow New EU rules and regulation, expansion and duty free sales of products. Government has help to the ryanair to take it internationally. Government also provided full security system to the ryanair. Economical: Outside and inside economy is different in the Europe. Inside economy is stable while outside economy is non stable. Price of fuel is increasing day by day and depreciation of US dollar also increasing. There are some regional subsidies also preferable in the ryanair analysis. Ryan air also created linkage of between new highly speed trains and airport. Social: In social analysis of ryanair, there is increase in grey marketing and also lifestyle of travelling is changing day by day. There is also change in consumers demographics. Demand and preferences of consumers also changed and fluctuated with the passage of time. Technological: Ryanair bought new fleets and advanced technology aircrafts for the consumers satisfaction. It also introduced new software programmes for the improvement in supply chain systems. Ryanair also increase information technology, gambling and competition in the market as well. Ryanair also used satellite television and also try to reduce fuel consumption. Environmental: Ryanair has reduced noise pollution. It has used new technological system to reduce the noise. It also saves the environment from dangerous gases like greenhouse CO2 emission. Legal: Ryanair has followed the legal laws. It has removed the illegal subsidies from airport. Ryanair also claim illegal advertising on the airport. Forecasting Environmental change: Michaels porter generic strategy: Porters generic strategy explains about the cost advantage and differentiation focus. This technique is suitable for those companies who based on cost leadership and differentiation and focus. By using the cost leadership strategy ryanair got the competitive advantage and market leadership. Ryanair has earned very high profit in very short time period by using the low fares. Leadership strategy has given help to the customer for decision making. It has offered to the customer low fares and secondary to secondary flies by using the differentiation. Ryanair has purchases aircrafts not whole fleets but has given best customer service. Ansoffs matrix: Igor Ansoff focuses on the companys present and potential product /services and market situation. There are four possible combinations of growth that is existing product with new product, existing market with new market, market development and product development and diversification. Ryanair has attracted the market towards itself by using the pattern of low cost and reasonable fares. Ryanair has diversified its staff according to the different location and destination. Ryanair is trying to expand its business and developing the staff which will take it towards success. Bowmans strategy clock: Bowmans strategy clock explains competitive position of a company with comparison of competitors. We can analyse the problem and difficulties of Ryanair through this approach from last few years. There are eight different options which can describe the competitive position. These are as follows: low price, low added value, differentiated, hybrid and focus differentiated, increase standard or price, increased price and low value or standard price. From last few years ryanair has performed very affective changes due to its effective managerial system. Ryanair has earned very high profit in very short time by following the affective time schedule giving significant value on the development of Ryanair. National advantage by using techniques of Ryanair: There are different techniques through we can analyse the national advantage of ryanair. Porters five force model: By using the porters five force model, we came to know about the value and importance of the ryanair in Europe market. It includes threat of new entrant, threat of substitute, competitive rivalry, bargaining power of supplier hand customer. Threat of new entrant mean need high profit for coming in the market level and offer customers low fares. Its difficult high investment. It also need flight authorisation. Ryanair has threat of its substitute like ferries, Euro line, cars and rail services and many other substitutes as well. It has also threat from its customers it doesnt have loyalty brand, no switching of the prices, no close relationship with the customer. Air bus and Boeing are the two main supplier of the ryanair and the switch cost from one supplier to another is high because if they do this they need to retained their staff again. Ryanair has more competitive power rather than small airlines because they operate regional level in small airports but ryanair operates on bog airports. Ryanair has threat of its customers, if the prices are sensitive than customer can easily move to other airlines through online advertisement, booking and by offering good customer service so we cannot depend on the customers. Moreover, Price of the ryanair is the main competitive element to others. There is not much differentiation low cost prices to other airlines. As LCC is the high competitive market there are chances to do the same thing. In market there are many competitors they can competition with the prices and profits but in existing situation competitors cannot compete with dead to dead competition by choosing different service routes. SWOT Analysis of Ryanair: Swot Analysis describes the internal situation of the organisation. The main purpose of the SWOT analysis is to know about the strength, weakness, threats and opportunities of the organisation. It is also helpful to bring changes in the strategy of the organisation and came to know about the current the situation and where organisation standing and where it should have to be. Strengths: Ryanair has strong brand image and due to its strong brand image it has reduced the barrier of entry to new airports and has increased the barriers for new entrant. Ryanair is firstly low fares cost airline in the Europe and still maintained its image. London Stansted is the one of busiest aviation traffic zones where are bases of ryanair operationalsing. Ryanair is the innovative and has aggressive marketing quality. Ryanair has enhanced safety, higher fuel efficiency and properly income planning by offering low fares. Single aircrafts has help out in reducing training, maintenance and supervisory cost. Ryanair has reduced it labour cost by reducing by non-unionised it labour forced. Weakness: Negative press report, poor customer services has bad impact on the brand image of the ryanair. Ryanair have low level of trained personnel and also give low level of empathy and moral to the employees but ryanair need well trained craft personnel. If any new taxes are applied on new fares it become cause of misleading, wrong advertisement, misleading website become reason of sensitivity of ryanair. Mobile phones and gambling also not allowed during journey and it is discouraging the customers. Increase in the emission of CO2 and fuel consumption and it has bad impact on environment. Opportunities: If ryanair start better business routes and start new operation by doing merger and acquisition. If ryanair fulfil the EU market requirements then due to its low fare policy it can develop the economy growth and increase the employment opportunities. OPEN SKY agreement can help out to develop its business route and consolidation of low fares. It can attract middle class people for the travelling. Ryanair can also get new fleet on lease and it will be good source of earning. Threats: There many competitors in the market like LLC are direct competitor of ryanair which has affected the share market. Rich people and upper class people dont prefer low fare they want good and high class service so that is also threat for the ryanair. It can create problem to make decision in future. New rules and regulation can be threat for the ryanair, might be it can emphasis to increase the cost. Threat of war and bad weather can create problem in journey planners. Strategic capabilities of Ryanair: Strategic capabilities mean those skills and ability that help out to achiveve the stage of surveillance of market. It has two types. Resources Competences Resources: Threshold resources: Ryanair includes Flights, office equipment, head quarters, finance resources and employees. Core resources: Ryanair has also core resources which is CEO Michael OLeary. Competence : Threshold competences: It includes online banking system, operation of on time delivery, point to point routing. Core competences: Core competence of ryanair is low cost, no frill strategy and route policy strategy. All of these capabilities of the ryanair are the part of the SWOT. We can come to know about the resources of the ryanair and which core concepts and threshold are includes. It is also helpful in analysis of strategy of ryanair. Ryanair competitive advantage: Ryanair have competitive advantage because of its low fares, no frills, point to point fights, online booking, tickles boarding and no refund policies and many more. Except theses there are many reasons like marketing on airports, no cargo service, new air crafts, new fleets and ryanair have corporate partnership which is the reason of high productivity level. Ryanair also provide basic services during journeys. Conclusion and recommendations: At the end, in my point of view Ryanair should have to keep on its competitors which strategy techniques they are using like Virgin airline are using Bowman strategy clock so it should have to use it. Ryanair should have to offer high and good quality service with low prices through these customers will attract more. Yip and Johnson has appraised on their article Transforming Strategy that if the company is offering lower cost with the lower strategy has no work and cannot compete with their rivals. Ryanair has tried to hit the specific market like Ireland UK market by organise growth plans. Ryanair thinks that by increasing the quality service and routes from UK to Europe where the high cost service are available, it can increase the sales. Thus, Ryanair strategy low fare, good service , no frill strategy can make more profit and can increase their income level as well as they can bound in relation with the stakeholders customer and passengers.
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