Sample Case Study free essay sample

A new housing development has lots of packed earth and weeds but no grass. Two neighbors make a wager on who will be the first to have a lush lawn. Mr. Fast N. Furious knows that a lawn will not grow without grass seed, so he immediately buys the most expensive seed he can find because everyone knows that quality improves with price. Confident that he has a head start in his neighbor, who is not making much visible progress, he begins his next project. Problem * The problem is how to grow up their plants and more lush lawn. * There is no unity Objectives * To be able to use the excess packed earth and weeds * To imitate the neighbor * To organize a committee to the neighborhood * Unity and helping together make a community progressive and beautiful Areas of consideration Strength * Clearing the lot * To provide better drainage * To apply fertilizer and a mulch cover and waters the lawn approximately Weakness Noon watering proves be detrimental * Poor performance inability to properly water the lawn * Insufficient sunlight Opportunity * Lawns require minimal maintenance * Attend to the landscaping Threats * Apply fertilizer twice * Poor soil * Non-conforming the grass seed Alternative source of action (ACA) Solution| Pro’s| Con’s| Proper cultivation of soil and removing the weeds around the lawn. We will write a custom essay sample on Sample Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page | * The lawn is more uniform and is really starting to grow. * Many grasses sprout| Water the lawn every morning and apply pesticides| * Fast growing up and make the lawn green and beautiful| * Water proves be detrimental and born much be fertilizer| Recommendation 1. To develop progressive and beautiful lawn, to attend landscaping seminar or training. 2. Success is based on the combination of lawn and landscaping. Discussion Question: 1. Within the context of the continual struggles to create a â€Å"world-class† lawn and â€Å"world-class† business, draw analogies between the events when total quality is implemented. To continues struggles and hard working and make the lawns green and beautiful can admires the public to buy plants and flowers to their own needs 2. Specifically, translate the problem described here in business language. What are the implementation barriers to achieving total quality? * Every morning cultivating the soil around the plants and remove grass es and dry leaves. Applying pesticide and fertilizer once a month. Water them twice every day morning and evening. The base sufficient in sunlight.

Character of Technique essays

Character of Technique essays Influence of Orson Wells; Citizen Kane. There's no kidding the genius of the perhaps the greatest inovator of modern film: Orson Welles. Accomplishing in his early twenties what only a few have in their lives, this bright young star promised to alter hollywood roots forever. After working his way into a movie deal with RKO Studios, Welles created his most recognized 1941 masterpiece, Citizen Kane. Kane not only won the 1941 Oscor for best Film, but Orson shattered all kinds of molds with his controversial writing, his experimental directing, and his disturbingly convincing role as the media mogul Charles Foster Kane. Fifty years later, Citizen Kane is universally accepted as the greatest American Film ever made. Growing up, Orson Welles produced, directed, and starred in his own brilliant projects. Citizen Kane was no different. Implementing ceilings into the shot enlightened mise-on-scen and took realism to a whole new level. Complimenting the depth of the screen is Orson's amazing use of the long take. This encorporates a single camera shot lasting longer than one minute. After one viewing, this auther counted thirty-five uses of the long take in this 119 minute masterpiece. There is one scene towards the end of the film portraying Kane in his elder, darker years. The take begins in a room inside Xanadu, Kanes multi-million dollar estate, where Susan Alexander leaves the disturbed Kane for good. It continues with Kane smashing up the room. He then leaves the room and walkes passed his confused staff of waiters, butlers, and door men into a mirrored hallway. The camera work is so suddle yet so effective, it literally speaks to you without words. The long shot not only displays the sleakness of the film, it avoids over-editing, providing room for brilliant dialogue. Welles also demonstrates his prestigious stan ...

Out of Hart, Dworkin and Altman, who provided the best understanding Essay

Out of Hart, Dworkin and Altman, who provided the best understanding of judicial discretion What implication do their position have for the legitimacy of judic - Essay Example After Roper says he would cut down every law in England that kept him from pursuing and capturing the Devil, More answers: Oh And when the last law was down, and the Devil turned 'round on you, where would you hide, Roper, the laws all being flat This country is planted thick with laws, from coast to coast, Man's laws, not God's! And if you cut them down, and you're just the man to do it, do you really think you could stand upright in the winds that would blow then Yes, I'd give the Devil benefit of law, for my own safety's sake! (Bolt 46) In other words, from More's perspective, the protections that the law affords everyone are worth the protections that the law offers the accused, no matter how obvious his or her guilt may seem. More clearly advocates a fairly literal application of the law and would frown on a great deal of legislation from judicial benches. More, of course, lived four centuries ago. Legal philosophy has changed a great deal since then. One movement that has been particularly influential in the past century has been the advent of legal positivism. This idea asserts a fundamental difference between law and morality. By extension, this idea suggests that there is room for judges to act as social activists, and use rulings to ameliorate the damage that the gaps between the laws as they stand and the ethics of particular situations can wreak. H.L.A. Hart, Ronald Dworkin, and Alfred Altman all have perspectives on the proper role of judicial activism and discretion. Dworkin and Hart come in on basically opposite sides of the argument. While Dworkin views the law as a system that always provides a correct answer, through his Theory of Adjudication (Gaffrey 22), Hart asserts that laws themselves are "open-textured" and that there is room for judges to use discretion to plug the gaps between legal rules and morals (Bix 52). Altman takes a middle view based on his idea of "truncation," which basically refers to a judge knowing when to apply the law to its most literal extent, and when to abridge its extension (Altman 5). Given the liberal ideals of the modern rule of law in the United Kingdom, it would seem that this middle way provides the most room for compromises in cases where compromises are clearly needed, without permitting judges to become too activist in their rulings. Hart's concept of legal positivism divides the law into two categories: primary, or duty-imposing, rules, and secondary, or power-imposing rules. Primary rules confer rights or set obligations: criminal law is made up of only primary rules, for example. Secondary rules dictate the ways in which primary rules are made and enforced. An example would be the rules that dictate the makeup of Parliament, and the rules governing the enactment of acts in Parliament (Bix 51). One of the most crucial elements of Hart's theory is the "open texture theory." Hart uses the term "open texture" to mean that there are some situations in which judges should apply discretion when there is a case that may be said to fall outside existing rule of law. He supports this assertion with three reasons. First, language itself, which comprises laws, contains many loopholes, just by virtue of its very nature. While words in a legal rule may well

Is Empowerment a Valuable Tool for Increasing Efficiency and Essay - 4

Is Empowerment a Valuable Tool for Increasing Efficiency and Effectiveness in Today's Organisations - Essay Example The paper tells that the purpose of empowerment is to get employees to take responsibility for producing results rather than merely â€Å"following rules and regulations without producing tangible results†. It includes various factors such as re-engineering and re-designing existing delivery processes to make them less error-prone, more efficient, effective, and timely. Re-organization of the company’s operations to eliminate wastage of resources and personnel and replacement of earlier methods of working with information technology are also reforms that empower the workforce. Replacement of old tasks with high technology equipment or new approaches would require staff training for new responsibilities. Any anxiety on the part of workers should be addressed by human resources personnel to help employees increase their skill sets, and when any jobs become obsolete the employees should be helped to find comparable jobs within the organization. Employee empowerment has bec ome an increasingly popular concept in organizations because of growing global competition and rapid technological change. These require intensive organizational changes in employee management, for increasing organizational competitive advantage in the expanding market. Employee empowerment is a significant change initiative because it is critical to organizational innovation and effectiveness. The key element in empowerment is that it increases the level of motivation of an individual employee at the lowest possible organizational level when he is delegated with authority to make decisions. There are two distinct definitions of empowerment. As a relational construct, empowerment refers to one’s power and control over other employees, and to the transference of such power from management to an employee with less decision-making authority.

Final Film Critique Research Paper Example | Topics and Well Written Essays - 2000 words - 1

Final Film Critique - Research Paper Example The movie has gained worldwide recognition due to it being able to address a large audience on a global scale that has been able to relate with every aspect of it. This paper thus helps to provide an insight into the technical factors of the movie including things like its acting, storyline, cinematography as well as style and direction, and how the story of Juno managed to engage people all over the world and help it become worthy of receiving international accolades. Juno the film has a very basic story line as well as concept attached to the tale; it is about a young girl trying to explore the nooks and crannies of intimacy and relationships without understanding the implications that might arise along with the same. The film has been directed in a very concise manner making use of pencil stylized ‘rotoscoped’ images right from the credits in the beginning, making use of animation in order to help the audience understand the maturity level of the girl and the kind of colourful life that she always wanted to live for herself. This entire sequence took a period of seven to eight months to be mastered as each and every shot that follows Juno on her way to the medical pharmacy was taken in short screenings. The set design is incredible, assisting in providing the film with a touch of wonder. The story has been told through the eyes of Juno herself, as she takes the audience along on her woven tale of how she ended up having sexual relations with her classmate whom she did not have any feelings for. The film thus helps teenagers to explore the kind of curiosity that reigns within them, and how the same should be understood not by simply jumping in and trying things out with friends, but by reading about things and comprehending the facts about life from one’s parents first. It helps children and young adults to understand how friends might not be the best option when it comes to understanding such information about pregnancy and intercourse. T hese aspects of life are crucial to one’s existence and they must be understood well by every individual so that he is able to make his own decisions without falling into trouble or having unplanned circumstances crop up in his life. (Sciretta, Peter) Thus, the film achieved mass appeal because of the story telling as well as how the girl managed to learn her lesson without panicking much about the situation. The various characters within the movie have been portrayed in a very interesting manner. The director has taken his time to choose the main protagonists and provide them with a different twist. Juno is a young teenage girl who comes off a little strong on the first meeting with everyone. Full of sarcasm, she helps to put an indie spin on the movie and gives a very intense performance with her dominating nature and need to control everything that might not even be in her reach. However, she understands where she went wrong by getting pregnant but decides to bring about a change in a couple’s life with the help of her baby who she is willing to give up in order to make someone else happy. There was a vast amount of dramatisation in the film played by the other characters, namely Juno’s parents which helped to calm the situation by making her understand what she had gone through, and helping her come out with a solution rather than screaming at her and making her feel the pain of the

Quality of Consumers Goods

Quality of Consumers Goods In recent years, consumers are becoming increasingly conscious about the quality, safety, suitability and environmental impacts of the goods that they demand. However, in many cases, consumers would not aware of the quality of a goods or products even after consumptions. These products are known as the credence goods. It is difficult to distinguish between two qualities of the same good, even after consumption. In such case, consumers are willing to pay a premium for the hidden attributes of the goods that they cannot observe. Such goods include ‘natural versus genetically modified (GM) food, ‘organic versus non-organic products, ‘fair-trade products, ‘suitable for vegetarians goods, ‘Kosher, and more generally ‘high-quality versus low-quality products. However, this paper is interested to study a special type of credence goods, that is ‘Halal versus non-Halal products or goods. Halal is an Arabic word which means lawful or permissible. It follows the Islamic ruling known as the Syariah law. Halal covers every aspect of Muslims life especially dietary. Halal food simply means that the food products are free from any elements which Muslims prohibited from consuming. Extended discussion on Halal is presented in Chapter 2. With Islam as the second largest religion in the world and the fastest growing, the world Halal food trade is estimated to be around US$ 150 billion to US$ 500 billion in 2007 on which US$ 80 billion alone is generated from agri-food products (Agriculture and Agri-food Canada, 2007; Brunei Halal, 2007). These factors hasten the investment in Halal products, and in some cases, producers cheat for easy access to the market. Analysis of Halal in this paper, distinguishes itself from other studies on credence goods, as it involves different levels of consumers interactions. Any credence goods, including Halal products, comprise a special attribute or characteristic. This characteristic is not verifiable and revealed unless by experts or other professional services. Hahn (2004) suggested that real or complete credence goods would be difficult to find as consumers would have some judgement on products or services after the consumption. This is not entirely true as in case of Halal food product, especially Halal meat. It is very difficult to check if the meat is entirely Halal as claimed, as there is no existing way to check after consumption whether say the meat purchased is really slaughtered in Syariah methods, even though there is non-existence of other non-Halal ingredients. Therefore, in this sense, Halal meat is an example of a real credence good. In many cases, consumers concern for the special or credence attribute (eg. environmental, fair-trade, organic, Halal, etc.) is evidenced by their willingness to pay a premium for the high-quality products. The willingness to pay opens up an opportunity for low-quality producers (those which lack the special attribute) to take advantage by pretending to be that of high-quality, especially when only the producers know whether the desirable attribute exist in their products or not. Moreover, it is too expensive for individual consumer to directly monitor or verify these attributes. Therefore, consumers could only decide their purchasing choice on subjective belief regarding the products quality, which are based on all available information such as press report, word-of-mouth and labels when such adverse selection in credence goods market exist. Hence, producers cannot build reputation when production of low-quality imitating goods could not be detected and punished. Delayed detection of low-quality products allows its producers to imitate the strategy of their high-quality rivals, which hampered signalling use. Like other credence goods, Halal food products, through certified Halal brand/logo would improve the information asymmetry, but may carry the similar issues. These issues are discussed in Chapter 2. It is common for credence goods to feature a communication scheme such as labels or brands to help consumers in making purchasing decisions. Moreover, these labels or brands often require authentication by legislator or a third-party organisations that have the proficiency in each field of specific credence quality attributes, thus involving additional costs. In the Halal market, there also exist regulations by the government (eg. in Brunei, under the authority of Brunei Islamic Religious Council, Ministry of Religious Affairs) or third party organisation (eg. in United Kingdom, by Halal Monitoring Committee and Halal Food Authority, to name some). In which they certify a product through monitoring and indicating some guidelines for producers before granting a recognisable label on the products. Hence, this label helps consumers to make better decision choice. Moreover, a quality label that improves pre-purchasing information would increase welfare, and high-quality producers would always be willing to go through the necessary inspection as to reveal the products quality to the consumers, unless the cost for verification is extremely high. The welfare affect of introducing Halal labelling is briefly discussed in the analysis, especially where Halal labelling opens up an opportunity to access additional consumers, ie. Muslims, also referre d to the primary consumers. The analysis of Halal in this paper is aimed to study the interactions of the market forces or what commonly referred to in economics as ‘invisible hand of the demand and supply in Halal market. At the same time, considering the effects on introduction of labelling upon the level of equilibrium, in addition to other factors such as the additional demand by Muslims of primary market. This is a unique or special aspect which might not be available in previous studies on credence goods. The following chapters are organised as follows. Halal concept is further discussed in the next Chapter 2. This chapter is intended as an expansion to the introduction (Chapter 1) in order to provide a deeper understanding on the concept of Halal, and to provide information regarding the current market for Halal food products and the issues pertaining in the Halal market on the use of Halal logo. The relevant literature reviews are discussed in Chapter 3, discussing the works by other authors on the area of credence goods which can be linked to Halal. Chapter 4 presents the economic analysis and application of Halal products as credence goods. Chapter 5 concludes this paper and provide a discussion on the policy implications generated by the study. CHAPTER 2 2.0. A Brief Concept of Halal Religion involves beliefs and the way of life, where group of individuals interprets and respond to what they feel is supernatural and holy (Johnstones, 1975, in Shafie and Othman, n.d.). Shafie and Othman underline that most religion prescribes or prohibits certain behaviour including that of consumption (n.d.). The concept of Halal is not new in the Islamic world, but only in recent years that its potentials have been realised by corporations and organisations around the world, which normally perform under the conventional economics. The word Halal comes from Arabic which means permissible or lawful. It is ruled by the Islamic law known as Syariah law which is based on the Quran and Hadith (records of the life, actions and teachings of Prophet Muhammad). By not fully understanding the concept of Halal, one (non-Muslim especially in Muslim-minority country such as United Kingdom) may think that Halal only refers to meat or something to do with ‘kebabs. Halal actually governs every aspect of life of Muslims, however, this paper only view Halal perspective on consumption of food. What is not Halal is called Haram or non-permissible. Any product which comes from swine and/or dog is strictly Haram. A special cleansing ritual must be done if a Muslim directly touched (although accidentally) these animals and/or the sources (eg. skin). Such products that contain strictly Haram ingredients or derivatives are termed as ‘non-transformable in the analysis in Chapter 4. Amongst other strictly Haram animal products include blood, birds of prey, and/or carrion (dead animals without slaughtering). Alcohol is also Haram, but in some strict case it could become or change into Halal, this is discussed later on in Section 2.3 of this paper. Un-slaughtered animals such as beef and chicken are also become non-Halal, unless slaughtered by a Muslim according to Syariah practice. Such products are termed as ‘transformable in the analysis of this paper. What lies between Halal and Haram is called Mashbooh meaning that the goods appear to be suspicious, questionable and According to Bonne and Verbeke (2007), as product attribute, Halal refers to the nature, origin and the processing methods of the food products, which entails similarity with organic foods and those taking animal welfare or sustainability into account. Strict procedure must be followed to obtain highest standard of Halal, and that Halal products must not contact with non-Halal products; as similar to vegetarian food should not be in contact with any meat. Halal concept covers both food and non-food product category, but as mentioned earlier, this paper would only focus on the first one. Studies show that about 70 to 75 percent of Muslim strictly follows the Halal standard for their dietary (Hussaini 1993a in Bonne and Verbeke, 2007; Minkus-McKenna, 2007). The next section provides an overview of Halal food market. 2.1. Halal Food Market The Halal market is considered as the fastest growing market globally as reported by the Borneo Bulletin (2008). The world Halal industry is estimated to worth between US$ 500 million to around US$ 2 trillion (Agriculture and Agri-food Canada, 2007; Borneo Bulletin, 2008; Brunei Halal, 2007). The market is growing around US$ 500 billion annually due to the rising Muslim population worldwide (Borneo Bulletin, 2008; Brunei Halal, 2007). It is reported that the Muslim population is known to be the fastest growing religion in the world (Bonne and Verbeke, 2007) and in Europe (BBC News, 2005). The global Halal food trade itself in 2007 is estimated to be between US$ 150 billion (Brunei Halal, 2007) and US$500 billion with 12 percent of this or US$ 80 billion generated from agri-food products (Agriculture and Agri-food Canada, 2007). In addition, Islam is the second largest religion in the world (Riaz and Chaudry, 2004) with nearly 1.5 billion people (ibid.; Bonne and Verbeke, 2007; Din, 2006). The National Statistics Census carried out by the British Government, shows that Islam is also the second largest religion in the United Kingdom, approximately 1.6 million Muslims (2001). The statistics also revealed that Muslims are the largest household in the United Kingdom. These factors would justify that the demand for Halal food products in the United Kingdom is expanding. The market for Halal can be divided into two namely, primary and secondary. Primary market arises from the demand by Muslims, whereas, secondary market refers to the demand by non-Muslims. These terms are used in the analysis of this paper. Agriculture and Agri-food Canada (2007) suggested that Halal is often referred to safety and of high quality by both markets. Besides these, factors for increasing Halal demand includes: increasing incomes in primary market, rising population of Muslim, and rising demand for variety in primary market (ibid.). For Muslims, consuming Halal food products are their religious obligation, however it is known that Halal food are also consumed by non-Muslims. The later often perceived as specially selected and processed to achieve highest standards of quality (Riaz and Chaudry, 2004, p. 14). Manufacturers or producers that sells Halal products would create significant advantage compared to those that do not (Shafie and Othman, n.d.). Riaz and Chaudry (2004, p. 16) suggested that the increasing demand for Halal products as well as expanding number of Muslim population can be an inducement for producers to provide Halal products. Nonetheless, it is safe to say that these views mostly look at Muslim-majority economies such as those in Asian region. Hence, this paper provides a study in relation to Muslim-minority economy such as the United Kingdom. However, like any other food labels, Halal labelling also have some issues. 2.2. Halal Logo and Its Issues The use of Halal logo in food products indicates that the products are Islamic or Syariah compliant. Similar to other food related logos such as ‘suitable for vegetarian V-logo, Halal logo intends to communicate with the consumers of this product that it is fit for their consumption. Initial finding shows that some companies may use this logo even though its products might violate some rules of the Syariah law. Such situation was reported in which, some meat and other processed products from Brazil imported into the country, were being inspected by Halal Monitoring Committee, to be found a violation (2007). Another comparable situation is reported by The Tribune (2008) that the biggest meat producer in Scotland is under investigation over the supply of so-called ‘fake Halal meat in the country. There are some issues to which cause the problem arises. Fischer claims that the lack of a state body that is capable of inspecting the unregulated market [in the United Kingdom] has left this market open to fraud, corruption and without any kind of standards, uniform certification and standard (n.d.). Study by Fischer also shows that many British Muslims and organisations call upon the state to help recognise and standardised Halal. However for the ease of this papers analysis, this situation is relaxed, meaning producers behave honestly when claiming their products as Halal. Having Halal logo does not mean the products automatically accepted to be purchased by consumers especially that of primary market. Research undertaken by a university in the United Kingdom, shows that consumers prefer small shops when buying Halal meat, rather than buying from supermarkets, due to factors mentioned earlier and others including lack of marketing of Halal food (Anonymous, 2006). Like any other goods, the credence of Halal food products has to be clearly communicated such as indication on pack or on-label (Bonne and Verbeke, 2007), in addition to conventional marketing strategies, for example advertising. Moreover, this would add some utility value to the consumer and useful in the purchasing decision (ibid.). Nonetheless, to make the analysis of this paper simple, having Halal labelling is enough to induce greater demand and consumptions. 2.3. Issues of Alcohol Alcohol is clearly not permissible, however it is essential for certain industry processes and religious scholars are aware of this — some of them suggested that some use of alcohol may be acceptable as long as it is evaporated and not exist in the final products (Riaz and Chaudry, 2004). However, if there is an alternative to alcohol for such process, it would be preferred, as majority of Muslims would avoid products that use alcohol at any stage. It is generally known by Muslims that wine (a Haram state product) which turns ‘naturally into vinegar thus the vinegar is considered as Halal. This situation is called Istihala or ‘change of state or properties. A reverse situation as such that, if wine is added to Halal food, as in common cooking practise in the Western, hence the food becomes Haram. However, this issue is not represented in the analysis, for simplicity argument. It is clear that Halal can be perceived as a credence attribute, although there are numero us literatures on credence goods, only few actually discussed in relation to Halal products. Next chapter will discuss the literatures on credence products. CHAPTER 3 3.0. Literature Review This chapter is divided into five interrelated parts or sections. The first section provides a (general) glance on the studies or literatures on credence goods, which is applicable in the study of the market for Halal products. This is followed by the second section, of discussions on the demand for such goods. Market failure arises due to the nature of credence goods, which is discussed in the third section of this chapter. In the fourth section, a review on the solution of the market failure problem is examined. The final section deals with the issue pertaining to some of these solutions. 3.1. Credence Goods at a Glance There are growing numbers of literatures on credence goods attribute since it was first mentioned by Darby and Karni in 1973. These literatures involve different assumptions which produce diverse outcomes. However, it is difficult to find economic literature that deals directly with Halal subject as a credence good. Nonetheless, studies on some of the credence goods can be applied to Halal concept. Most literatures on credence goods assume that consumers are homogeneous. Hahn (2004) showed the contrast to this, in which the author grouped the consumers into two namely those who have some expertise or informed and those who do not or uninformed; This paper is slightly differs from that of Hahn (2004), where the consumers in this paper are also divided into two, namely Muslims (those who only consume Halal goods, or primary consumers) and non-Muslims. The latter is further grouped into two, ie. conventional consumers—who only consume non-Halal; and secondary consumers—who prefer to consume Halal products. Some economists (such as McCluskey, 2000; Cho and Hooker, 2002) used game theory models on credence attribute to assess the interplays of stakeholders. These include whether producers decide to claim their products as those of high quality, then they have to decide whether to produce according to the claims or not. However, the use of game theory is out of the scope of this papers analysis. Nonetheless, producers are assumed to produce what they intended to, without dishonesty. Economists divide consumers perception of food quality into a three attributes, namely: search, experience (which were pioneered by Nelson in 1970) and credence attribute (in Darby and Karni, 1973; Innes et. al., 2007; Umberger et. al., 2008). Search attributes can be determined from pre-consumption and at point of purchase such as colour, shape, brand and freshness. Experience attributes, arise from taste, juiciness, and food safety which could only be determined during or after consumption. Lastly, credence attributes refer to the process and production aspects, which the author claims that it cannot be determined before, during or after consumption of that particular food product (Umberger et. al., 2008). These food products, especially Halal as credence goods emphasise and maintain a strict quality attributes, and failure to maintain this would result a loss in its credibility, hence would brings disutility to the consumers or reduction of welfare. Some economists such as Caswell and Mojduszka (1996, in Cho and Hooker, 2002) argued that by providing information as policy tool, credence attributes could be transformed into search attributes. However, this would require a strict environment where system of information provided is perfect and fraud could not taken place — these are less likely to be a (current) scenario of the real world. Nonetheless, this concept is used in the analysis of this paper, for simplicity reason. On the other hand, Cho and Hooker (2002) mentioned that credence goods could act like a (lagged) experience goods if they involve time duration for detection of risk (relatively quickly), eg. infected food, vice versa. Like any production or supply of consumer goods, it depends on the demand for such goods, for an equilibrium to exist in the market. The following section discusses the determinants of demand for credence goods. 3.2. Consumer Demand for Credence Attribute Individuals would consume goods or services that yields highest utility or satisfaction level and presumed to make rational choice. However, this is subject to physical (ie. how much they can consume) and economic (ie. budget) constraint that limits the consumers choices (Mas-Colell et. al., 1995). Moreover, the preference-based approach to consumer demand is of critical importance for welfare analysis in which, without it, evaluating the consumers level of well-being would have no meaning (ibid.). Dulleck and Kerschbamer (2001) identified credence characteristics in terms of utility, in which although consumers can observe the utility derived from consumption of such goods ex post, they are not sure if the utility they get is the ex ante needed one. However, in the analysis of this paper, the utility is considered in terms of welfare level obtained from consumers and producers surplus. In addition to the conventional determinants for demand such as income, taste and preference, consumer characteristics and quality attribute become increasingly important factors nowadays. According to Antle (1999, in Senauer, 2001, p. 4), the new economics is more concerned with the markets for ‘quality-differentiated products in which the author presented a stylised demand function which include quality factors (non-price attribute): X = D (P, I, N, C, Q) Where X depends on price and other goods (P), income (I), number of population (N), characteristics of the population/consumer (C), and non-price attribute of the product (Q). It shows that any product attribute which includes nutrition content, safety, production process and even inputs, would creates utility or disutility. The analysis in Chapter 4 directly deals with the two of these factors namely, consumer characteristics (ie. preferences, and religious needs) and product attribute (ie. Halal credence). Hoehn and Deaton (2004) provided a model where consumers choose either purchasing credence (high-quality) good or conventional (low-quality) goods by comparing the consumer surplus differences. If the gain from consumer surplus from credence goods is large, compared to the opportunity cost of surplus given up from not purchasing conventional goods, the former good would be purchased. Their studies are used as a foundation for the analysis in Chapter 4 of this paper. Most literature reflects credence goods as vertically differentiated products due to quality differences. Nonetheless, Bester (n.d., in Roe and Sheldon, 2001) provided a concept of unobserved quality into a horizontal differentiation model and suggested that unobserved vertical quality would reduce producers incentives for horizontal differentiation via relaxing price competition amongst producers, in a way which prices act as a signal and consist of a quality premium. This is related to the second part of this papers analysis (Section 4.2. of Chapter 4) involving a franchise market. Consumers demand and preferences for credence goods often perceived from their willingness to pay. 3.2.1. Willingness to Pay There are other factors why consumers might be willing to pay a premium besides the quality attribute, such that they perceive credence goods as fashionable, trendy, or it could be that the purchase the alternative to credence goods would offend other people (McCluskey, 2000). The later is pertinent to Halal goods, especially in a situation where the consumer lives with Muslims housemates, or in a Muslim-dominated country. Consumers would also prefer for the high-quality products, even not for the sake of quality itself but other factors. For instance, when consumers care about other quality or criterion such as animal welfare, environmental, ethical, and religious reasons, to what Antle (1999, in Carlsson et. al., 2004) referred as extrinsic quality. If the distinctions in quality were signalled efficiently, consumers would be willing to pay a higher price or premium for products of high quality, hence compensating the higher production costs, as suggested by Kola and Latvala (2003). In their research on the effects of information on the demand for beef products credence characteristics in Finland, 59 percent of the respondents showed their willingness to pay a higher price for additional information. Whereas, 41 percent of respondents had zero willingness to pay, in which 35 percent of them are satisfied with the existing information, and 17 percent considered the information is not enough or they did not trust the information. As credence quality of a product cannot be observed directly at a reasonable cost or without invasive testing, consumers would rely heavily on claims or information made by the producers via brands, labels or advertisements (Cho and Hooker, 2002). This papers analysis however, only considers that consumers fully trust producers. The next section provides discussion if the information provided is insufficient or inaccurate, resulting a market failure. 3.3. Market Failure It can be said that the credence market are prone to the problems of market failure. There are different ways for a credence market to result in inefficiency. It is mainly due to information asymmetry between producers and consumers. 3.3.1. Information Asymmetry In credence goods, consumers cannot directly observe the quality of the goods that they consume where only the producers know the exact quality, thus resulting information asymmetry. Common intuition indicates that the solution for an information asymmetry is by providing more information. Information, as conferred by Weiss (1995, in Cho and Hooker, 2002) is the central tenet of food safety economics. Brands, logos and labels most importantly serve as a signal to inform and communicate to the consumers about products attributes, hence alleviating information asymmetry between producers and consumers. According to Verbeke (2005), information is likely to be effective only when it addresses specific information needs of its target audience. It requires identification and detailed understanding of these needs, and proper management on the provision of the information in order to optimally address the needs (ibid.). Information regarding food quality and safety can be categorised as risk information and aims at reducing uncertainty faced by the consumers in making purchasing decisions. Hence, success would come from better understanding regarding consumers attitude, behaviour, motives, and their perceptions (Frewer et. al., 2004, in Verbeke, 2005). There exist welfare effects to consumers for providing (Marette et. al., 1999, in ibid.) or withholding (Mazzocchi et. al., 2004b, in ibid.) food quality information. The work done by Umberger (et. al., 2008), can be used as a foundation on the argument for the importance of Halal logo or labelling on food products in particular. The authors claimed that potential market failure would occur if consumers face limited choice and if the access to ‘innovative products is not available, or information regarding ‘product attributes, for example the production methods, is not transparent (ibid.). With this regards, Halal products would be seen as innovative products and carry some product attributes that must be fulfilled, otherwise there might exist market failure for Halal products. Halal logo especially from organisation for Halal certification, could be used to indicate these attributes. Consequently, lack of information becomes the key factor for the inefficiency of credence market. The followings are resulted from insufficient information. 3.3.1A. Failure due to Fraud In their studies, Dulleck and Kerschbamer (2001) divided credence attribute problems into two fold: inefficiency treatment, and overcharging. The first fold refers to the quality level (or service) of credence goods provided by producers, and inefficiency treatment can be either under- or over-treatment. On the other hand, the second fold refers to the pricing of credence goods, particularly as self-described, overcharging. When the signal is unavailable, especially in the case where labelling is not mandatory, sellers may have the incentive to fraud by supplying products of low-quality but claiming these products as high quality. Akerlof (1970) explains this situation with automobiles market as an example, in which with asymmetric information high-quality goods (‘peach) would be driven out by the low-quality goods (‘lemons) hence resulting market failure. Moreover, as argued by Liebie (2002), when producers of low-quality products claim to be of high-quality, this would raise doubt in consumers mind and would not be willing to pay a premium for the high-quality goods. This in turns, would lower the profits of high-quality producer hence reducing their incentive to invest in high-quality products, in which would create further doubt to consumer. The cycle goes on until only low-quality products would be sold, even though consumers prefer high-quality products, resulting market failure. Darby and Karni (1973) suggested that the amount of fraud depends on reputation, market conditions, and technological factors. Profit-maximising producers would have the incentive to fraud by claiming their products are of high quality if the probability of not being caught is high enough (McCluskey, 2000) or conversely if the probability of being caught is low. Such fraud issues bring uncertainty to consumers. 3.3.1B. Problems of Uncertainty Bonroy and Constantos (2008) concluded that uncertainty by consumers on the identity of producers which produce the high-quality products put the high-quality producers in disadvantage resulting from higher cost. They argued that this disadvantage would remain even when the consumption of high-quality products benefits are well worth the cost difference and all beliefs regarding the high-quality producers are in the right direction (ibid.). Their model explains the difficulty faced by high-quality credence products to acquire the dominant market share they should have obtained from efficiency perspective (ibid.). This is however beyond the concept of this paper, as to avoid complication in the model, it is assumed that producers behave honestly in producing the products and consumers fully aware the qualities. 3.3.1C. Non-Rational Behaviour Unavailability of credible food quality labelling, consumers would face uncertainty and would incur search cost on specific information (Hobbs, 2004, in Verbeke 2005). As a result some consumers would not behave rationally, being ignorant, or make decisions which are not maximising their expected utility. Such behaviour explained as a concept of â€Å"bounded and limited rationality† or â€Å"rationally ignorant consumer hypothesis† (as found in Kahneman and Tversky, 1973; Simon 1979a,b; Camerer and Loewenstein, 2004; in Verbeke 2005), is however beyond the concept of the study in this paper. Verbeke (2005) concluded that without quality verification, traceability was of little value to consumers, whereas quality assurances were much more valuable to them. The solutions to the problems of market failure are presented in the next section. 3.4. Solutions to the Problems This section examines some of the solutions to the problems mentioned previously which are mainly caused by lack of information. The most common solution this, as stated earlier, is providing more information through labelling or signalling. But this must be accompanied with efficient monitoring. 3.4.1. The Use of Labelling as a Signal It is generally known that labelling of credence attribute could be used as a way to certify the provision of valued attributes, hence to avoid market failure. Moreover, Caswell and Padberg (1992) claimed that information in the form of labels, word-of-mouth, advertising, and education would contribute to the co

Johnnys Adventures :: essays research papers

Johnny Basily is an some what normal man. He has blonde hair that can only be described to be as beautiful as the morning sunrise. People say that his eyes are as brown as newly polished wood. Since he works as a lumberjack for T&L Wood Cutters he is very well built and has strong hands. Johnny is also tall. This is because when he was a child he drank his milk and lifted weights. He weighs 200 pounds and has an excessive eating disorder. Besides physical features Johnny is also very brave, stupid and sensitive. These attributes about him are shown several times in his life and are interesting to hear about. Overall he is a great person.   Ã‚  Ã‚  Ã‚  Ã‚  Johnny is very brave person. This is shown one night when he is working overtime. Johnny was just doing the usual, chopping down trees and putting them on a truck, but when he was almost done with his work he smelled the smoke from a fire. It was coming from deep in the woods. He decided to check it out and so quietly and slowly he moved towards the location of where the smell was coming from. After going through some bushes he came upon a vast clearing and found a tent on fire. Seeing this at once he ran to the tent to see if there was anybody inside and indeed there was. Without thinking twice he courageously jumped into the tent, grabbed the 2 women inside quickly and jumped out before the flames could even touch him. This daring act showed how Johnny is very brave and puts others lives’ before his own. Another example of this is the time when he saved a little boy from bears. On a Sunday, not long ago, he was hiking on his most favorite trail on the Bub as Mountains. While hiking he heard a yelp for help and ran towards the source of the sound. There he saw a boy was being attacked by some bears. With only thinking of the boys safety he leaped at the two bears and tackled them to the ground. He then commenced to further more attack the bears until they ran away. After the fighting was over he took the boy to a rangers office. Once again he had proven that he is very brave.   Ã‚  Ã‚  Ã‚  Ã‚  Also Johnny is very stupid. This is shown when he tried to wrestle a killer shark.

GBE Domestic Politics

Political risk is worth considering because an action or a change n policy in one country can have a big impact on the financial sector and the economy of that country. Political risks are generally associated closely with the government as well as political and security situation in a country. If the political situation is stable, generally business runs smoothly. In terms of the stock market, a conducive political situation would make the stock price go up.Conversely, if the political situation is uncertain, it would cause the element of uncertainty in the business. In Indonesia, after the fall of the New Order, changes in politics and governance was characterized by a significant change in the political system (a process of demagnification) which had opened new opportunities and also new threats to the business community this country. For years, during New Order, political parties in Indonesia were only 3 parties: app, Global, and PDP.After New Order fell (Reformation Era), the nu mber of political parties involved in general election increased significantly. The 1999 general election, the first general election in Reformation Era, was followed by 48 parties. Despite the number of political parties are always changing during the Reformation Era, political situation was relatively stable. The stability also continued under President Silo Bambina Hydrogen. However, in most current general election, few months ago, there were some instabilities in Indonesian politics.This paper will describe these conditions (the last general election) and their impacts on the industry, particularly palm oil industry, using the case of Golden Agric Resources Ltd, one of the biggest palm oil producer in Indonesia. 2. POLITICAL TURMOIL IN 2014 GENERAL ELECTION General election in Indonesia is run in phases, legislative election and presidential election. In 2014 general election, the legislative election was relatively conducive There were 15 political parties participated in the election, including 3 local political parties in Ache.This election was won by PAID with the total vote 18. 95% (whom. Penile. Com), followed by Global and Grainier on the second and third place. It was predicted that since the legislative election was held successfully and the situation was very conducive, reflected by there was no substantial protests or objections from he participants, the presidential election (which had two competing candidates, Parabola Substation-Hat Raja and Joke Widow-USAF Kali) would also run smoothly. However, the facts were totally different.Here are some events or facts that showed the unstable political conditions in Indonesia after presidential election in 2014: Different quick count results In quick count, both parties (Parabola-Hat and Kiowa-Kali) claimed as the winner Of the presidential election. There were some survey organizations stated that the election was won by Parabola-Hat, while the others stated he opposite. ISIS (Center for Strategic & International Studies) through senior researcher, Philip Vermont, stated that there were advantages in Kiowa-Kaki.The figure reached 51. 9 percent, while Parabola-Hat gained 48. 1 percent. There were also some other survey organizations published similar results, stated that the winner was Kiowa-Kali, such as R & D Compass, ISMS (Useful Musician Research and Consulting), and RI. Meanwhile, some other survey organizations indicated otherwise. A quick count conducted by Upstairs (Center for Policy Studies and Development Strategy) cleared that Parabola-Hat won the election by 52. 05%, whereabouts-J gained 47. 95 percent.Other survey organizations that declared Parabola- Hat as the winner were National Survey Institute (LSI) and the Indonesian Voice Network (SSI). These different quick count results were followed by announcement of victory by both candidates, which was the first time in Indonesia history, both competing candidates claimed as the winner. Moreover, supporters of both cam ps had celebrated their victories in separated places. Parabola's withdrawal from election process Another surprising event happened on July 22, 2014, when General Elections Commission was announcing the recapitulation of the presidential election results.While the recapitulation was still ongoing, Parabola announced that he had withdrawn his presidential candidacy after denouncing the election process as undemocratic. The consolidation of political parties supporting Parabola and their actions in Parliament Competition between Parabola and Kiowa did not stop when the General Elections Commission stated that Kiowa-Koala was the winner of the presidential election. Parabola along with his supporting parties filed an election disputes to Constitutional Court, though the court finally rejected their petition.In parliament, the parties that were supporting Parabola also took several actions that made Indonesian politics became unstable. They asked the Parliament legalize the draft of a Law regarding the local elections. In this new law, direct elections for provincial governors, district chiefs and mayors were eliminated, replaced by appointment by local elected legislatures. There were many opinions from local or international institutions aid that this was a big hit for Indonesian democracy. Indonesian democracy that had been growing in SUB era, was experiencing a substantial setback.The most noticeable effects might be the impacts on the price of stock in Indonesian Stock Exchange. Just after those events happened, the market responded. The responses can be reflected on the chart of Composite Index (JOKE) for the last 6 months. Figure 1 . Composite Index (JOKE) Source: finance. Yahoo. Com Just after the presidential election day, the index was increasing, from 4,800 to more than 5,050. Some analysts argued that it was one of Kiosk's effects. Despite there were some quick counts that stated that the winner wasParabola, since the reputation and credibility of tho se survey organizations were questionable, market believed that Kiowa would win the presidential election. On the day when General Elections Commission was announcing the recapitulation of the presidential election results, the index was slightly decreasing. It might be influenced by Parabola's statement that he had withdrawn from the election process. This statement was perceived as sign of the upcoming political instability in Indonesia. Moreover, on that day, Parabola clearly stated that there was systematic violation of democracy inducted by General Elections Commission.The clearest evident how market reacted to the political condition might be reflected on the price of stock following what happened in the Parliament in the first week of October. After the Parliament passed the law regarding local elections, which automatically eliminated direct elections for local governments, the stocks dropped significantly. Many political analysts stated that by eliminating direct elections, Indonesian democracy had moved backwards. Golden Agric Resources stock, seemed to follow the market price in general.Its price also creased after what happened in Parliament in early October. Figure 2. Golden Agric Resources Stock Price Source: Source: finance. Yahoo. Com 4. CONCLUSION Political conditions in a country is an important factor in industry. The influence is channeled through the expectation of business players in the market. When the condition in a country is stable, investors are likely to be willing to invest their money in that country. On the other hand, political instability might frighten investors to put their money in a country, resulting â€Å"sell-actions† that eventually pushes the stock price.This condition happened in Indonesia recently, following the presidential elections that was won by Kiowa-Koala, resulted in the decreasing Of most stock price in Indonesian Stock Exchange, including the stock price of Golden Agric Resources. However, there is still optimism about political condition in the future. Kiowa;Kali have an important role to stabilize the political condition and create supporting environment for business. On the other hand, industry might also have to adapt with the changes happen.

Poems, American Culture and Values Essay

The poems â€Å"America† written by Allen Ginsberg and Langston Hughes’ â€Å"I, Too† are two of the most controversial pieces in American Literature. The two poems acquire such attention because of the subject they discussed and the points and issues they presented. Ginsberg’s â€Å"America† and â€Å"I, Too† by Hughes tackled values and ethics that is deeply embedded in the American Culture. They integrated in their writings issues about racism and various social problems that has plagued the American system, and has characterized American way of life. However, although the two poems raised identical issues, the manner in which they were presented was different. Furthermore, the prevailing emotion from the two poems was different as Ginsberg work showcased raged, anger, hatred and hopelessness to the system while in Hughes work hope for better future for things is evident. The poem America is conversational in tone and discusses the grievances and disappointments of the writer to the existing American System during that time. Ginsberg is a member of a group called the Beat Writers and the rage he expressed in writing the poem is the organization’s manifestation of hatred to the State of American Culture (Foster, 1992). As one reads the poem he may found himself lost to the illogical manner of presentation of different ideas of the poem. This hopeless illogical way of presentation, mirrors the hopeless and illogic state of American Culture. He even pointed out the insanity of American society going to war such as the â€Å"cold war†. He expressed the ridiculousness of the country, bragging itself as the â€Å"home of the free†, but is in the forefront of oppressing various countries and minority groups. All in all, Ginsberg presented irritations and frustration and how people have lost their individuality with the advent of mass media and technology. On the other hand, Hughes â€Å"I, Too† provided a different view of the social problems present in American Culture. The primary topic is oppression of minorities particularly the isolation of African Americans and whites. The use of â€Å"I† was empowering since it discusses separation and segregation of the American Culture. It iterates that African Americans are also citizens of America and should be treated equally with whites. Unlike the poem America, I, Too states that although the author understand and knew the current social dilemma he is not worried. Hughes stated that the society is slowly realizing the problems at hand, and thus soon everything will turn out write. He does not complain and instead patiently wait for the day that everyone will recognized them as part of America and eventually see how wonderful and beautiful they are as an integral part of the country. As Ginsberg’s work presented hopelessness to the present system, Hughes poem is a picture of great expectations as he viewed a better society for the American people. References Foster, E. H. (1992). Understanding the Beats. South Carolina: University of South Carolina Press.

How to Reduce Your Financial Stress in College

How to Reduce Your Financial Stress in College For many students, college is the first time they are in control of the majority of their finances. You might now suddenly be responsible for paying your own bills, working a job that you need to make ends meet, and/or making the scholarship money you get in August last through December. Unfortunately, these new financial responsibilities come within a context where money is often unusually tight. So how can you avoid being stressed about your financial situation while in college? Get a Job that Doesnt Stress You out If the responsibilities at your job are making you stressed out, its time to find another job. Make sure, of course, that your hourly wage is enough to help you meet your financial obligations. On that same note, however, your job shouldnt be providing a paycheck and causing you to seriously stress out. Look for a good on-campus job or one near campus that offer a relaxed work environment that is supportive and understanding of your life (and responsibilities) as a college student. Make a Budget The very idea of a budget often makes people think of having to sit down with a calculator, track every penny they spend, and go without the things they want the most. This, of course, is only true if thats what you want to make your budget look like. Set aside 30 minutes at the start of every semester to list what your expenses will be. Then figure out how much youll need each month to cover these expenses and what sources of income youll have (on-campus job, money from your parents, scholarship money, etc.). And then ... voila! You have a budget. Knowing what your expenses will be ahead of time can help you figure out how much money youll need and when. And knowing that kind of information will greatly reduce the financial stress in your life (not to mention having to bum off of your friends meal plans at the end of each semester when yours gets low). Stick to Your Budget Having an awesome budget doesnt mean anything if you dont stick with it. So check in with your financial self every week about how your spending looks. Do you have enough in your account to still meet the expenses youll have for the rest of the semester? Is your spending on track? If not, what do you need to cut down on, and where can you find some extra funds during your time in school? Understand the Difference Between Wants and Needs Do you need a winter jacket while in college? Of course. Do you need to have a brand-new, expensive winter jacket every year while in college? Definitely not. You may want to have a brand-new, expensive winter jacket each year, but you definitely dont need one. When it comes to looking at how you spend your money, make sure you differentiate between wants and needs. For example: Need coffee? Fair enough! Need coffee at $4 a cup at the coffee shop on campus? Nope! Consider brewing some at home and bringing it to campus in a travel mug that will keep it warm throughout your first class of the day. (Added bonus: Youll save your budget and the environment at the same time!) Cut out Costs Wherever Possible See how long you can go without spending any money, either with cash or through your debit and credit card(s). What were you able to live without? What kinds of things could be cut from your budget that you wouldnt miss too much but that would help you save money? What kinds of things could you easily do without? What kinds of things are expensive but not really worth what you have to pay for them? Saving money in college might be easier than you first think. Keep Track of Where Your Money Goes Your bank may offer something online or you can choose to use a website, like mint.com, that helps you see where your money goes each month. Even if you think you know where and how you spend your money, actually seeing it graphed out can be an eye-opening experience―and key for you to reduce your financial stress during your time in school. Avoid Using Your Credit Cards Sure, there can be times to use your credit card in college, but those times should be few and far between. If you think things are tight and stressful now, imagine what theyd be like if you racked up a lot of credit card debt, couldnt make your minimum payments, and had creditors calling to harass you all day long. While credit cards can be good in a pinch, they should definitely be a last resort. Talk to the Financial Aid Office If your financial situation in college is causing you significant stress, it may be because youre in a situation that is financial unsustainable. While most students experience tight budgets, they shouldnt be so tight that the stress they cause is overwhelming. Make an appointment to talk to a financial aid officer to discuss your financial aid package. Even if your school cant make any changes to your package, they might be able to suggest some external resources that can help you with your finances―and, consequently, with your stress levels. Know Where to Get Money in an Emergency Some of your financial stress may be coming from not having an answer to the What will I do if something major happens? question. For example, you might know you dont have the money to fly home if theres a family emergency, or you might not having the money to fix your car, which you need to get to school, if you were in an accident or needed a major repair. Spending a little time now to figure out where to get money in an emergency can help alleviate the stress that comes from feeling like youre walking on thin financial ice all of the time. Be Honest With Your Parents or Sources of Financial Support Your parents may think theyre sending you enough money or that your taking an on-campus job will distract you from your academics, but the reality can sometimes be a little different. If you need to change something in your financial situation, be honest with those who are contributing to (or depending on) your college finances. Asking for help might be intimidating but it might also be a great way to ease up on the factors causing you stress day in and day out. Make Time to Apply for More Scholarships Every year, its impossible to miss the news headlines that report on just how much money in scholarships goes unclaimed. No matter how tight your time is, you can always find a few minutes here and there to find and apply for more scholarships. Think about it: If that $10,000 scholarship only took you 4 hours to research and apply for, wasnt that a good way to spend your time? Thats like earning $2,500 an hour! Spending half an hour here and there to find scholarships can be one of the best ways to spend your time and reduce, over the long-term, the financial stress in college. After all, arent there more exciting things youd like to be focusing on?

The President of America John Fitzgerald Kennedy Research Paper

The President of America John Fitzgerald Kennedy - Research Paper Example Urged on by his pushy father, JFK joined politics in 1946 and went ahead to win election into the US House of Representatives as a Democrat and later into Senate in 1952. He won the 1960 party’s presidential nomination and later the presidency, becoming America’s youngest president at 43 and the first ever Catholic head of state. His presidency represented a generational change to the seat, giving it a youthful touch. On November 22, 1963, hardly 1,000 days into his presidency, JFK was assassinated in Dallas, Texas. He became the youngest president to die (White House, 2014). John F. Kennedy remains a hero even to the standards of modern times because of his political prowess, personality and family values and his stand on social justice. It is the political career of JFK that brings his heroism outright, him being a statesman and a courageous politician. In his book, Profiles in Courage, JFK noted that pressures from the public, the worry of future elections and the pressures from interest groups discourage politicians from working towards the attainment of their goals (Margaret, 2004). Indeed, he was a victim of negative publicity early in his political career. According to Brinkley (2013), these early years in politics had JFK’s political colleagues refer to him as a playboy who had his campaigns bankrolled by his wealthy father. Critics described him as being impatient, reckless and impetus. In fact, in the book, JFK: Reckless Youth, the author, Nigel Hamilton referred to him as a man with brains, good looks, money, and idealism but lacked a serious sense of purpose (LupaÄ ovà ¡, 2008). Despite these criticisms, JFK went ahead and convinced voters to elect him into the US House of Representatives. His political star shone further with his election into the Senate. In fact, his was said to be a distinctly innovative senatorial campaign. Furthermore, his campaigns targeted all the categories of the society, thus an all-inclusive campaign strategy that saw him elected twice into senate between 1953 and 1960. He went further to win, not just the Democrat presidential nomination, but also beat Richard Nixon to become America’s 35th president. This follows his charm that he used to convince voters that the Republicans had stagnated the county for eight years and therefore the need for positive change.

Impact of Globalization in the Aviation Industry Essay - 1

Impact of Globalization in the Aviation Industry - Essay Example This paper illustrates that the deal saw Singapore airlines inject into the company capital worth 49 million pounds and virgin Atlantic investing capital to the amount of 51 million. These capital investments brought Virgin Atlantic’s total equity investment value to the tune of 1.225 billion pounds. Over the years, the company has become more suitably placed to be able to effectively compete with other well established International airlines such as the British Airways which happens to be the UK’s leading and biggest airline at the moment. Virgin Airways is a part of the Virgin Group Conglomerate that is owned by Sir Richard Branson. The Airways is currently regarded as a market leader in the aviation industry with its dedication to researching and implementing new innovations that have the innate potential of immensely improving the customer experience of all persons who use Virgin for their transportation. This is in line with the Virgin Group’s policy of givi ng the prefix Virgin to its various businesses to indicate that the business is exceptionally daring, innovative and daring. As a result of the Virgin group’s overall success, there are many businesses outside the Virgin Group that have recently been showing immense interest in their joining the group via the establishment of joint ventures. With the constant stream of innovations and a myriad of successful marketing strategies, the Richard Branson led virgin group conglomerate has grown in value to an excess of $3.5 billion and is one of the world’s most well recognized and powerful brands. The airline has come from humble beginnings since it launched its first flight flying from London all the way to New York on June 22, 1984. After this maiden voyage, the airline quickly expanded its operations to include flight services to other areas and regions such as Miami (1986), Tokyo (1989), Boston (1987), Los Angeles (1990) AND Orlando (1988). One of the major obstacles tha t the company has ever encountered was its inability to receive permission to be able to have its planes flying out of Britain’s busiest airport, the London Heathrow airport.