Walmart and the Elements of Business - 1486 Words

Walmart and the Elements of Its Business Molly Taylor American Intercontinental University Walmart and the Elements of Its Business The history of Walmart is quite interesting and goes all the way back to the 1960’s. Walmart was started by a man named Sam Walton and his brother. Mr. Walton had a degree in economics and used this degree to secure a management trainee position at JC Penny’s. With his degree and experience he gained working at JC Penny’s he, along with his brother, opened a Ben Franklin store. By the late 50’s they owned 9 Ben Franklin franchises. Mr. Walton and his brother had a vision to bring large retail stores with low, low prices to small towns. They took this idea to Ben Franklin franchise owners†¦show more content†¦It has been said in the recent past that Walmart says they treat their employees well but there have been cases recently where this was found not to be true unfortunately. Treating employees unfairly could have a negative economic impact on the community because if workers aren’t treated fairly then no one wants to work for the company that’s not treating their employees well. Which then has a domino effect because chances are, if that’s the case, then people will begin to bash Walmart driving consumers away to possibly purchase from other retailers. This would not be a positive economic environment at all and the chances of the business failing would be pretty good. To best maintain a thriving legal, social and economical environment Walmart needs to have in place a good management structure and for the most part I think they do. If they didn’t they would not have risen to be one of the largest retailers in the world over the past almost 50 years. They have a company-wide management structure that all stores abide by. This structure includes planning and promotions, goal setting amongst employees, organizing how operations flow on a day to day basis, directing its employees and controlling finances. In order to operate Walmart has to provide services to consumers and make a profit off providing these services. To do that Walmart must constantly stay on top of how the stores are run on a daily basis. To operate a business and beShow MoreRelatedSustainability in Australian Business: Principles and Practice1420 Words   |  6 Pagesin order to capture value from customers in return. (Kotler amp; Armstrong 2012, p. 5) This essay has been prepared to identify and understand the role of sustainabilty in marketing decision making and its impacts affecting current and future business operations. 1.1. Research Methods Data was collected based on qualitative research. Books, internet and online journals were used to identify different roles of sustainability in marketing. 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Academic Lecture Summary and Critique Free Essays

Academic Lecture Summary and Critique In his lecture that he gave on February 2006 in Oxford Sir Ken Robinson states that our school systems should not undermine creativity and it effect in our lives. In fact he believes that it should be as important as all core subject of education such as math and languages. Robinson believes that our children are being â€Å"educated out of their creativity† after having mentioned a few examples of how children are not scared of taking chances or being wrong, but when those children reach adulthood they have lost this amazing capability. We will write a custom essay sample on Academic Lecture Summary and Critique or any similar topic only for you Order Now Due to the fact that they are taught to think and live in a way suited to the corporate world that thinks of mistakes as taboo. It is important to keep in mind that Robinson did not undermine the importance of other subject he simply questioned if they are sufficient to grasp a good place in this unpredictable future. Robinson emphasized on the importance of intelligence in its three aspects â€Å"diversity† â€Å"dynamic† â€Å"distinct† he believes that our educational system should revolve on the development of children’s intelligence to its full potential. In my opinion, I think that sir ken Robinson shed some light on a very important issue in our global society. Even though his lecture didn’t have that academic touch to it, I sure enjoyed how passionately he spoke about the topic. In his own way Robinson, involved the audience in the conversation by posing rhetorical questions and by quoting daily life scenarios. What made his lecture more effective is that he quoted and mentioned people who had a big influence on this world due to their creativity likes of Picasso and Shakespeare. What I enjoyed most in his lecture is the unconventional method he used to highlight his main points in the audiences minds through humor. My only remark was that he did not give any solution. In the end sir ken Robinson finished with a big question that made the audience think he actually challenged the audience to think of a better world. How to cite Academic Lecture Summary and Critique, Essay examples

Reflective Article Analysis Informal Relation

Question: Write about theReflective Article Analysisfor Informal Relation. Answer: By reading the article, I gain a detailed insight of the various informal relation based networks, which are practiced in Korea. The article has illustrated that the popularity of the informal relation based networks in China i.e. Guanxi. However, the popularity of the Korean networks are analysed in details such as Yonjul, Yongo, and Inmaek, etc. It will helps in contributing to the advancement of the various types of knowledge about the influential contextual factor in the Korea. The rapid growth of Korean economy is responsible for the importance of the implications of the management practices in the different companies of Korea. I also learn many practices that the businesses of Korea used in their management. The study is based on the contribution of Yonjul, Yongo and Inmaek (Horak 2014). The practices are decribed in the perspective of international businesses and other norms related to it. I think that the Korean informal relation based networks are equally important like that of the Chinese cultures. References Horak, S., 2014. Antecedents and characteristics of informal relation-based networks in Korea: Yongo, Yonjul and Inmaek.Asia Pacific Business Review,20(1), pp.78-108.

Its Very Dark. So Dark It Almost Hurts My Eyes Just Straining To See I

It's very dark. So dark it almost hurts my eyes just straining to see into it. While I'm trying to peer into the darkness my eyes feel like they are glaring and squinting so hard they're just slits that I could hardly see out of anyway. They are actually willing themselves to see something-anything. They seem to scream out to my brain to conjure up an image just so they could prove they still work. I suddenly become aware that the blackness that surrounds me is deadly quiet, too. Shouldn't I be hearing something; why can't I see? Where in the heck am I? And what is happening around me? Am I dead? What was I doing just a few minutes ago? I can't remember a thing. Now this is beginning to scare me. How do I get out of here? Nothing moves around me. Everything is void and then I begin to drift slowly up and then away and now...I am....no longer...afraid. "Oh my God!" he says, "there's a woman in here--it looks like she's dead or close to it. Call 911, this just happened! Get the ambulance here fast. At least I think we need an ambulance." As Kate dials the cell phone in the car her hand shakes. She's never seen an accident before and just the aftermath is overwhelming. She's had more than one dream where she can't get the 911 number dialed into the phone. It seems so easy in the dream until it is time to actually do it. Then the phone is busy or she mis-dials or she just can't make her fingers go. Right now her hands are shaking and she's trying to remember exactly where they were when they came upon the accident scene. The operator will want to know that. Come on, answer, answer, answer! "Hello, yes, we've come across an accident on West Ferry Road about two miles out of town, north, no south of town, I think. There is one person in the car but she doesn't look too good. Please send an ambulance-quick! What? No, I'm not sure if she's breathing. Just a minute-let me check." "Jack, is she breathing? Can you get to her? The operator will help, if she can." "I can't hardly reach her everything is so twisted up and around her." As he tries to reach in to put a finger under her nose or detect any movement of her chest he feels a thick, sticky wetness that makes him stop for a second. What the hell? As he jerks his hand out he instantly knows what it is-blood and plenty of it. Oh, God, now what have I gotten myself into? You can't even help out at an accident scene these days without being afraid of hepitatis or AIDS. Just then he feels a slight movement and can see her head barely moving. She must be alive or maybe it's just involunatary jerking that follows death. "Kate, tell her I can't tell. There's an awful lot of blood, but I think there's a chance she's still alive. Hurry! Tell them to hurry! I'll stay here until they come. You just stay there on the line, if you have to." "Operator? We don't know, we can't tell. There's lots of blood, but we can't be sure. It looks very bad. Please hurry. We'll stay here until help arrives. Do I need to stay on the line? Okay, but tell them to get here quick. She really needs some help." As Kate stays on the line with the operator Jack begins to talk to this woman who probably just minutes ago was traveling down the road with not a hint of what was to happen, whatever it was. Did she dodge a deer, fall asleep, change a tape, or what?. She really wrapped it around this power pole and now seemed to be in a fight for her life. Was she aware of what had happened or what was happening now? Probably not--that gash on her forehead lookes pretty horrible and deep. Maybe she's brain dead. Wonder if she had a donor card? Do the paramedics check for that before they leave the scene? As these thoughts raced through

history of auto essays

history of auto essays The making of automobiles started in the year 1770. In 1770 a man named Nicholas Joseph Cungnot from France built a large steam-driven vehicle. The vehicle didnt last long because the vehicle could only be driven for 12 to 15 minutes before running out of steam and the vehicle was too heavy and had poor balance and made it difficult to steer. Nothing more had been done until in the 1784. In 1784 James Watt made a patent on a steam carriage, but nothing became of it. Then in 1785 John Fitch invented a steam-propelled boat in New Jersey. And then in 1786 he organized a company to build the steam engines and then even built a model of a road vehicle with an engine but committed suicide before anything came of it. In 1787 Oliver Evans put a patent on a steam engine in Maryland, for the use in land transportations. In 1791 Nathan Read got a federal patent for a high pressure boiler and improved cylinder. And began to make plans to apply this to a land carriage. In 1792 Oliver petitioned the American government for a patent on a reciprocating engine plus a rotating engine and boiler-enclosed furnace, but it was unsuccessful. In 1797 Richard Trevithick began to work on a high-pressured steam engine in England. And James Watt opposes his work, he felt that it is publicly hazardous. And then in 1801 Cirnishman Richard Trevithick built a steam carriage. This carriage held several people and went 5 to 6 mile per hour uphill and 8 to 9 miles per hour on flat land. But cought fire and was destroyed. In 1803 Richard built an improved steam carriage, which was shipped to London. It was drove around London and reached to speed of 8 to 9 miles per hour. But then funding for it ran out and the engine was sold. And then in 1804 Oliver Evans was granted and American patent for his steam engine to power boats and land carriages. He put in a newspaper and began to publicly sell the ...

Eliminating Superfluous Phrases

Eliminating Superfluous Phrases Eliminating Superfluous Phrases Eliminating Superfluous Phrases By Catherine Osborn In classes I have taught, students lean towards using phrases that they think make them â€Å"sound smarter† but end up making their work wordy and clunky. By streamlining your sentences and cutting out a few phrases, you can communicate your point much more effectively. For example, here is a list of some that crop up frequently: â€Å"Needless to say†¦Ã¢â‚¬  If it’s so needless to say, then why are you saying it? â€Å"It goes without saying†¦Ã¢â‚¬  Same problem here; easier to get right to your point â€Å"For all intents and purposes†¦Ã¢â‚¬  Again, this could easily be cut and your sentence would begin with exactly what you intend to say. â€Å"In light of the fact that†¦Ã¢â‚¬  You could easily just say â€Å"Since†¦Ã¢â‚¬  Clear concise writing applies to all genres and helps your audience understand your point without being bogged down. Here are some quotations from newspapers that illustrate the cumbersome use of those phrases: Payne, who turns 70 in October, will be succeeded by Fred Ridley, 65, a former U.S. Amateur champion and U.S. Golf Association president who has served as chair of Augusta National’s competition committee. The change becomes effective Oct. 16, although for all intents and purposes, Ridley is now in charge, taking over a vital leadership role in golf at a time of transition and challenge for the game throughout the world. USA Today It goes without saying that Democrats would view President Trumps North Korean negotiations quite differently than Republicans, but I was honestly surprised by the strong negative reaction of Trump critics on the right. USA Today Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Writing Basics category, check our popular posts, or choose a related post below:Dialogue Dos and Don'ts8 Proofreading Tips And Techniques150 Foreign Expressions to Inspire You

Case Study on McDonalds Example | Topics and Well Written Essays - 500 words

On McDonalds - Case Study Example The business model implemented has enabled the firm to consistently offer restaurant experiences that are relevant to the local customers and become part of the local communities. A swot analysis of McDonald’s is as below. McDonald has developed a very strong global grand and is highly ranked by Fortune Magazine in its category. It has also successfully portrayed itself as community oriented and socially responsible company that caters for the different cultures it serves. Strong global market presence is another key strength that is barked with the franchise business model that has made it easy to expand and manage the vast locations without much ease. The company’s location strategy also works for its business i.e. most stores are excellently located in parks, airports and Wal-Mart stores as well as other prime places. Its adherence to guidelines on safety of food and provision of nutritional information to its customers also helps in growing customer intimacy. A major weakness of McDonald’s has to do costs of doing business; it has to expend lots of money on training as a result of high staff turnover. It has also concentrated a lot on the fast foods such as burgers instead of the more healthier and organic food types. Its franchise model of operation also faces concerns to with quality as the different franchise owners may not offer the same level of quality. A concern to investors arises from the large variations in the company’s profits while its limited variation of seasonal foods impacts on customer confidence. McDonald’s therefore needs to address these weak points in order to maintain its brand recognition. Due its global position and the franchise business model the company has unique opportunity to further expand to every part of the globe. It can also grow its image by responding fast social changes and customer demands in terms of health. Its Wifi service

To what extent did miliarism contribute to the origins of the First Research Paper

To what extent did miliarism contribute to the origins of the First World War (1914-1918) and the Second world war (1939-1945) - Research Paper Example Introduction of new weapons and the arms race geared the culture of militarism that was gaining popularity in the Europe countries leading to the start of World War 1 in 1914 (Llewellyn, Southey and Thompson para 3-4). The governments officials were after Great power and their influence was dominated by military elites and they pushed for the government increasing its spending in the military. The government officials in most countries in Europe contributed to the mood for World War I by promoting military solutions for political problems a situation that threatened the relationship among countries and in response to this, each country developed is army more. The militaristic culture was mostly experienced in Germany as they build the Prussian army before 1850 that underwent rigorous training regimes and incorporated new weaponry and communication technologies. Other countries copied this and started modernizing their forces and equipping them with new technologies and improvements such as increasing weapon range, accuracy and portability. Machines guns that had been developed in 1881 were made lighter and accurate with a capability of shooting 600 bullets in one minute. New weapons such as the dreadnought battleship were developed and gas weapons began being produced. These activities made the countries fear each other and the competition on who is more powerful resulted into the World War I. Each country believed that going into war was a test of the countries’ military power and a chance to showcase their military superiority prompted the start of the war. Military spending increased highly increased between 1900 and 1914 with the six great European powers doubling their spending and trying to outdo each other (Llewellyn, Southey and Thompson para4). Militarism was strongest in Germany due to political involvement

Diffusion and Osmosis Shown In Solutions Essay Example for Free

Diffusion and Osmosis Shown In Solutions Essay This lab, title Diffusion and Osmosis, was centered around the diffusion across a cellular membrane and how exactly materials move and diffuse in concentrations. Both diffusion and osmosis are forms of movement that are part of passive transport dealing with cell membranes. Diffusion is where the solutes move from an area of high concentration to a low concentration. Water goes through the cell membranes by diffusion. Osmosis is specifically the movement of water through membranes. Since osmosis and diffusion are both part of passive transport, this means that they do not require energy or pumps. There are different environments created due to diffusion. There are hypotonic, hypertonic, and isotonic environments. Hypotonic is when the solution has a lower solute concentration compared to the water potential. The hypertonic solution has a higher solute concentration and lower water potential. In an isotonic solution, there is no net movement and there is an equal concentration of solutes and water. In our lab, we modeled diffusion and osmosis with a hospital scenario. It is important for an IV solution to have salts in it so the water and solute can be equal to create an isotonic environment. If there wasn’t, there would either be a hypotonic causing the cell to burst, or there would be hypertonic causing the cell to shrink. We created models of living cells by using dialysis tubing. The dialysis tube represented the cell membrane to act as selectively permeable to water and some solutes. We observed different solutes (NaCl, Ovalbumin, Glucose, Sucrose, and Water) in the dialysis tubing. The problem was what environment the solutes would create and whether water would diffuse in or out of the cell. I predicted that all of the tubes will be in a hypotonic environment after the 30 minutes because there is a higher concentration of water outside the cell. The water will diffuse inside the cell, therefore the cell will gain weight. We took the initial weight of each tube with the solute inside, the final weight, and then after took the percent change in weight. The control of the experiment was the model cell where there was water  inside and outside the cell. My data proved my hypothesis and led me to conclude that all of the solutions were in a hypotonic environment. For the second part of the experiment we were to think of an inquiry. The purpose was to identify concentrations of sucrose solutions that we were given. We were to find what solution was closest to being isotonic in order to identify which of them was water. There were 6 different solutions that we observed. There were red, orange, yellow, green, blue, and purple solutions. For my individual inquiry, I used a potato to be placed in the solutions. I found that the potato does not shrink because it has a cell wall which supports and maintains a plant cells structure. I predicted that the potato would remain the same size in the blue solution because it would have an isotonic environment. I thought that if the potato was placed in a hypotonic environment, then the percent change in mass would be greater than if placed in a hypertonic environment. Materials and Methods My tested hypothesis was that all of the dialysis tubes (cells) would have a hypotonic environment. If the dialysis tubes were placed in the beaker for 30 minutes, then after the 30 minutes, the water would diffuse in the cell, causing it to gain weight. For the first procedure, I created model cells with different solutions to determine the rate of diffusion. The weights with the filled cell models can determine rate and direction of diffusion by measuring the percent change of mass and determining the environment after the experiment. A solid control for the procedure is to use water because that is in an isotonic environment, meaning that both concentrations are equal. There were four solutions that were used in the experiment: sucrose, NaCl, glucose, and ovalbumin and the control: water. I took the five dialysis tubings which were acting as cells and filled them with 10 mL of each solution. We knotted each end but made sure to leave enough space at the top for water to diffuse  in the cell. The initial weight was taken and recorded in a data table. The five cells were placed in a beaker filled with water for 30 minutes. After the 30 minutes, the cells were weighed, and the final weight was recorded in the data table, and then the percent change was calculated. The materials used in this procedure were beakers, water, sucrose, glucose, NaCl, ovalbumin, 20 cm-long dialysis tubing and balances. In the inquiry, I predicted that the blue solution was water and that it would have an isotonic environment, meaning there would be no percent change.I first cut the potatoes into 6 cylinders of the same size by using a cork. I got six beakers and filled each with 20 mL of the different color-coated solutions with different concentrations (orange, red, yellow, green, blue purple). The initial mass of each potato cylinder was taken before placing in the solution. I placed the potatoes in the appropriate labeled beaker (1-6) of each solution and let them sit there for 30 minutes. After the 30 minutes, I took the final mass of each cylinder and calculated the percent change in mass.The materials that were used in the inquiry were potatoes, corks, pipettes, balances, scalpels, beakers, and the color-coded sucrose solutions. In this inquiry, the solutions in a hypotonic environment were red, yellow, and blue. Those solutions all had final weights that were greater than initial weights. The orange and green colors both had final weights that were smaller than their initial weights, which means they were in a hypertonic environment. The purple color was in an isotonic environment because the initial and final weights are the same. Discussion and Conclusions In conclusion, my understanding for diffusion and osmosis has been sharpened. I observed the different parts of passive transport: diffusion and osmosis. They both go with the concentration gradient from an area of high to low concentration. My hypothesis for procedure 1, that all of the dialysis tubings would be in a hypotonic environment was correct. This occurred because the tubings were placed in a beaker of water. This means that there was a higher concentration of water than the solute, causing the water to diffuse in the cell after 30 minutes. When water diffuses into the cell, this causes the cell to be enlarged. Some errors I could have made in the experiments would be failure to pay attention to the timing when the tubes and potatoes were in the solutions, inaccurate measuring when gathering the solutions and the potatoes may have not been exactly the same size. This experiment relates to the AP Biology Big ideas and Science Practices because by observing the cells, I tried to maintain equilibrium or homeostasis by being in an isotonic environment, I also used representations and models to communicate scientific theories when I used the dialysis tubings to form as cells. I properly calculated mathematics by using the percent change formula. I feel I gained more knowledge by questioning and forming my beginning hypothesis for each step.

The Prince as Foundation of Modern Day Politics :: Machiavelli Prince Essays

The Prince as Foundation of Modern Day Politics In The Prince Niccolo Machiavelli presents a view of governing a state that is drastically different from that of humanists of his time. Machiavelli believes the ruling Prince should be the sole authority determining every aspect of the state and put in effect a policy to serve his best interests. These interests were gaining, maintaining, and expanding his political power. His understanding of human nature was a complete contradiction of what humanists believed and taught. Machiavelli strongly promoted a secular society and felt morality was not necessary but in fact stood in the way of an effectively governed principality. Though in some cases Machiavelli's suggestions seem harsh and immoral one must remember that these views were derived out of concern Italy's unstable political condition. Though humanists of Machiavelli's time believed that an individual had much to offer to the well being of the state, Machiavelli was quick to mock human nature. Humanists believed that "An individual only 'grows to maturity- both intellectually and morally- through participation' in the life of the state." Machiavelli generally distrusted citizens, stating that "...in time of adversity, when the state is in need of it's citizens there are few to be found." Machiavelli further goes on to question the loyalty of the citizens and advises the Prince that "...because me n a wretched creatures who would not keep their word to you, you need keep your word to them." Machiavelli did not feel that a Prince should mistreat the citizens. This suggestion, once again, serves the Prince's best interests. If a prince cannot be both feared and loved, Machiavelli suggests, it would be better for him to be feared buy the citizens within his own principality. He makes the generalization that men are, "...ungrateful, fickle, liars, and deceivers, they shun danger and are greedy for profit; while you treat them well they are yours." He characterizes men as being self centered and not willing to act in the best interest of the state,"[and when the prince] is in danger they turn against [him]." Machiavelli reinforces the prince's need to be feared by stating: â€Å"Men worry less about doing an injury to one who makes himself loved than to one who makes himself feared. The bond of love is one which men, wretched creatures they are, break when it is to their advantage to do so; but fear is strengthened by a dread of punishment which is always effective.

Analog to Digital Comparison

Analog to Digital When the conversion takes place between analog and digital it becomes the base of all communication technologies. Just about all hardware uses digital so it is very important to convert analog signals into digital to perform support for hardware applications. All hardware devices are aimed to be digital. Therefore, devices in the future will not need conversion because they will already be digital. There are many examples of analog to digital like a scan picture. The analog information provided by the light present in the picture is converted to digital signal to complete the process.The digital conversion use the means of binary coding for data transmission and output. The digital signals work only by using only two numbers known as one and zero (Analog to Digital). When users convert the signal to digital it allows plenty of data to be stored on a single device. This help save bandwidths and space. There are seven ways that signals are structured; direct conversio n, ramp compare, successive approximation, delta encoded, pipeline, time stretch, and sigma delta. When the hardware uses one of those signals the destination hardware will find the best data encryption and utilization.The most common analog to digital conversion are the digital TVs, cameras, and other video captures. The newer microcontrollers’ technologies are used to convert analog to digital by reducing the size of the chip to get a better signal. Frequency Modulation The advantages and disadvantages of frequency, and frequency modulation vary from one application to the next. However, the frequency modulation choice depends on the applications, and system requirements. Knowing the type of system as well as the requirement will help the technician choose the correct form or type frequency modulation to generate to get the required output for use.Comparing, and contrasting Amplitude Modulation (AM) to other forms of modulation frequencies an individual will find that (AM) frequency is relatively inexpensive, minimum circuitry required for connection as well as the demodulation process. (AM) covers a larger area when compared to (FM) greatly with the aid of atmospheric conditions. A disadvantage of (AM) includes a limited amount of bandwidth where-as the bandwidth needs to be double the strength of the highest frequency, noise mixes easily at higher frequencies, and only one side of the frequency carries the signal where-as the other side has a loss of power.Applications that normally use (AM) include radio transmission news, weather, music, aircraft communication to the aircraft tower in a very high frequency (VHF) form, and walkie-talkies for two-way communication. Frequency Modulation (FM) advantages include a stronger signal than (AM), noise control with the aid of increasing or decreasing the deviation, constant power output with no loss. The disadvantage includes cost, the demodulation process that may require knowledge of complicated circuitry. The application for (FM) includes radio communication, and some analog applications.Phase Modulation (PM), which is analog version phase shift keying. The advantages include includes modulation to demodulation made easier when compared to (FM). (PM) is also used to determine speed or velocity. A disadvantage of (PM) will include the displacement of the original signal of more than 180 degrees will cause phase ambiguity. Applications for (PM) include boat radio communications, radio, music, and news communications. When an individual uses his or her wireless Ethernet (802. 11b) he or she does not care as to how the signal is generated just as long as it works.Modulation Techniques Modulation is the method used to transmit and receive signals from a carrier. Different types of equipment make it possible for the signals to be used. Each piece of equipment uses different techniques but is essence offers the same results. The three most common methods by which signals are transmitted ar e 56K modem, asymmetrical digital subscriber line (ADSL), and Wireless Fidelity also known as Wi-Fi. Throughout the growth of the Internet, each of these processes has proven themselves to be effective ways to transmit digital signals.However, the 56K modem has become somewhat obsolete with the emergence of Wi-Fi. The signal modulation that the 56K modem receives is provided by the telephone network. When there is no interference or problems with the network’s connection, a 56K modem has a maximum speed of 64K but will rarely come close to achieving this because of typical issues with the network. The modulation takes place by converting the digital signal that the Internet Service Provider (ISP) transmits into an analog signal that the telephone company can use.The individual uses a modem to convert the analog signal received from the telephone company back to a digital signal. After the access to the Internet became more demanding, this process proved to be too time-consumi ng and ADSL emerged. ADSL uses two opposing modulation techniques that rely on Quadrature Amplitude Modulation (QAM). QAM uses a process to conserve bandwidth that was widely used by earlier modems. The first modulation technique used is the Carrierless Amplitude Phase (CAP) that was developed by AT&T.The carrier retains no information because it is suppressed before transmission and unsuppressed after it reaches its destination. This process offer two advantages for its users, a less expensive and more flexible way of modulation and demodulation. The other modulation technique is the Discrete Multi-Tone (DMT). The DMT has been selected as the standard for ADSL. This method is a bit more complex because of the way that it separates the bandwidth into 256 channels. Each of these sub-channels uses about 4. 3125 kHz of bandwidth using the QAM process.It also uses more low frequency channels to minimize the noise interference present during high frequency transmissions. It also uses met hod like Discrete Wavelet Multi-Tone to maximize the separation between the channels to assist in minimizing interference. The final modulation technique is the Wi-Fi. The Wi-Fi uses two radio transmission methods for modulation. The 802. 11b uses the process complementary coded keying (CCK) at around 11Mbps to process the signal with special codes and modulate it using Quadrature Phase Shift Keying (QPSK) (â€Å"Tutorialspoint†, 2013). The other is the 802. 1a and g type that use a 64 channel orthogonal frequency division multiplexing (OFDM) that divides the available radio band into sub-channels to send bits on each (â€Å"Tutorialspoint†, 2013). By using Binary Phase Shift Keying (BPSK), QPSK, or one of the QAM variants, the transmitter can encode the streams of bits carried on the 64 sub-channels. The receiver only uses the information that it needs to construct the information and disregard the redundant information. Sonnet SONET, or synchronous optical network (G ilmer, 2003) was designed in the 1980’s due to the break-up of AT&T.The current technology was overwhelmed by the sheer number of new telephone companies around the country. SONET was designed to deliver T-1 and T-3 speeds for data transfers. The SONET frame is designed as an 810-byte setup utilizing nine rows of 90 bits. The remaining bits are left out of the rows to perform separate tasks for each section. SONET is still used today as a means of telecommunication as it has a superior amount of flexibility over cables, such as those utilized by Ethernet that can be only stretched a fraction of the distance achieved by fiber optic cable.Where Ethernet maxes out at 348 feet, fiber optic cable is used at distances over a mile long, a drastic difference in usability. Conclusion It is apparent that as the popularity of the Internet increases, the technology must increase as well to meet the demands. The different conversion method used today for analog to digital has made it easi er for users than in the past. The modulation techniques have improved making it possible to transmit information faster and less expensive for users. Finally, the SONET technology has propelled the industry even further with its increased range and flexibility.References Analog to Digital. (2013 April). Retrieved from http://www. wifinotes. com/computer-hardware-components Gilmer, B. (2003). Sonet. Broadcast Engineering, 45(7), 24-24. Retrieved from http://search. proquest. com/docview/204171727? accountid=35812 Goleniewski, L. (2007). Telecommunications Essentials (2nd ed. ). Boston, MA: Pearson. Analog to Digital. (2013 april). Retrieved from http://www. wifinotes. com/computer-hardware-components Tutorialspoint. (2013). Retrieved from http://www. tutorialspoint. com/wi-fi/wifi_radio_modulation. htm

What Are the Three Levels at Which a Product Can Be Seen?

Assignment No. 9 Rome Business School Q1 What are the three levels at which a product can be seen? In response, use a concrete example of product. The product is defined as a â€Å"thing produced by labor or effort or the â€Å"result of an act or a process†and stems from the verb produce from the Latin ‘produce' which means to lead or bring forth'. The first economic use of the word was by Adam Smith, known as the father of modern economics. -Kotler et al (1989) For marketers, it is useful to divide the product into three main categories, being the Core Product ( Also known as Core Benefit), the Actual product and the Augmented Product.You can see them in the diagram below with some examples of what they encompass. -Kotler et al(2006) I shall use the example of the Adidas Sports apparel, a product line which they have used heavy societal marketing to promote. Adidas is the largest sportswear manufacturer in Europe, and the second largest in the world. The 11% increase in sales in 2011 thanks to their new marketing efforts has meant an income of around 634 million euros. Out of this, they invested about 136 million euros in Marketing. About 1/6th of their income. -Adidas annual report (2011)The strategy behind selling their sports apparel, has been to differentiate the offering from their competitors like Nike by providing more customization for the customers. They say their key strategic pillars are: Gaining sales and market share with key growth categories such as running and basketball within Adidas Sport Performance Leading the industry in the fields of customization and interactivity across categories Expanding Adidas Sport Style in the fast-fashion business with the Adidas NEO label It is obvious here, that Adidas has invested heavily in developing all three layers of their product.The Core Product: this is the part of the product which satisfies the basic need of a consumer by providing a basic benefit. For Adidas apparel, it provides a com fortable clothing in which to do physical exercise. Adidas, how started producing the standard type apparel shirts we see today in the 1980s when they had their largest boom in sales. The core benefit, does not however distinguish the product from competitor's offerings, but it is useful to know in order to give the company a clear idea of exactly what need they are fulfilling.The Actual Product: This is the physical product into which the core benefit is translated into, but at this stage, the marketer has to make it physically and cognitively different from the competitor's offerings in order for it to sell and retain a unique position in the customer's mind. Kotler (2006) states that this can involve deciding on the quality level, product and service features, styling, branding and packaging. It is not the same as the 4Ps of marketing, because those include place and promotion, which are not direct product attributes.I shall describe each of these so as to give a full idea of wha t Adidas has done to define and perfect the actual product. a) Product Lines: In the 1990s, Adidas subdivided their apparel to appeal to three types of customer segments: the sportsmen ( for which they opened Forever Sport), this was based on the original concept of the brand by founder Adi Dassler . He made Adidas to help athletes perform at the peak of their ability, and this goal continues to drive the brand’s activities today. Adidas performance is focused on meeting the performance needs of all athletes.Forever Sport products are â€Å"engineered to perform†, bringing high-level, performance-oriented products and innovative technologies to the market. Forever Sport is structured into five main sports categories: running, basketball, football, tennis and training for sport. The brand-followers in the lifestyle market- or which they opened the style-focused Adidas Originals . The originals line includes the brand NEO. The Label focuses on more accessible price point s, maintaing a premium to competitors. From a geneder split point of view, adidas NEO is targetting primarily the girls who account for two-thirds of the business.The Original division allows adidas to increase its reach into the lifestyle market, without losing sight of its long heritage as the original performance brand. The Original division is geared specifically toward consumers who may be less active sports participants, but who are style setters and style leaders. It is these people who set the trends which are later adopted by the mass market. Originals speak to the needs and values of the lifestyle consumer with concepts that are smart, cool, positive, modern and alive. Adidas Originals are the perfect fusion of heritage sport authenticity and global street style.Lastly, for the sports-elite Adidas opened Adidas Sports Style . Adidas defined the last one as the â€Å"Future of sportswear, which includes the labels Y-3 , Porsche Design, Adidas SLVR and Adidas NEO. Their pos itioning statement was â€Å"Style your life† . The overall marketing statement that ties these three product categories is â€Å"Adidas is in all†. They made these product lines for the general public, but the main focus was on supplying the sports wear of the major sports , focusing on football, tennis, basketball, cricket and athletics and rugby. ) Manufacturing level: Adidas owns four factories in China, the US, Germany and Japan, as well as sharing manufacturing with 863 other factories worldwide, 60% being in Asia. For the Y-3 product lines, they have used expensive materials at times such as kangroo leather ( football shoes with kangaroo leather were worn by david bechkam in 2006) , and many shoes in the SLVR style, also have camel fur and the softest of fabrics available on the market ( which inevitably drives the price up) .Most of their apparel, especially for the sports shirts is made of a polyester/cotton blends. c) Quality level and Pricing: Adidas strives to â€Å"Make athletes better† , therefore the quality of their apparel has been produced to mirror that statement. The fact that their shirts are worn by the best athletes ( and celebrities) in the world such as Rafael Nadal in tennis, David Beckham in football and Suresh Raina in Cricket only prooves the quality of the apparel they sell. In their own words Ensures Adidas material quality meets or exceeds customer expectations Ensures Adidas takes a leadership role in the industry in terms of material quality and color management Leads material quality in the pursuit for continuous product and process improvement† -Adidas (2011) In regards to pricing, Adidas is still adopting a price skimming strategy on their new products. For example, shoes in the Y3 and SLVR line cost about 300-700 USD. The price decreases with more economical brand ranges such as the Adidas originals, but still remains higher than the competitors like Puma and Nike.They do also have used however p enetration pricing, especially in their new strategic markets like central Russia and china, to ensure their products stay competitive at the point of sale. d) Styling level : The style of Adidas has been focused around being a â€Å"young† for the type of customers which were the main users of the apparel: upcoming sports men , or people who want to be in shape ( therefore feel younger). They say the design of their clothing should be â€Å" elegant, timeless, honest, inspiring and courageous†.To ensure they recruited the best designers, they opened their own design academy with schools in Tokyo, New york and London, as well as hiring what is probably the world's best youth designer, Japanese Yohji Yamamoto . e) Branding: One of the biggest marketing achievements I think has been that of Adidas’s brand management, where they established almost unparalleled brand identity. They say their brand mission was to â€Å"be the leading sports brand in the world† and they described their brand values to be â€Å"Authentic, passionate, innovative, inspirational, committed and honest.Adidas believe that consumers want choice. Therefore, the group implemented a multi-brand strategy, which allows them to capitalise on opportunities from several perspectives, as both a mass and a niche player. According to that, the brand is able to keep a unique identity and focus on its core competencies, whilst simultaneously providing the group with a broad spectrum of products. International marketing is crucial for the group in its quest to generate substantial profits; as survival depends on their established presence on the global world market.Their strategy was to concentrate on specific customer needs and wants. As they put it â€Å" Only by identifying and understanding consumers’ buying habits, their fitness level, their motivations and goals for doing sport and their individual lifestyle, can we create meaningful products, services and expe riences that build a lasting impression† To do this , they divided each product segment e. g the Adidas originals into various brands which focused on target-specific wants as as to generate greater customer loyalty.Each brand is responsible for the execution of it's own strategic focus ( DE-centralized management approach) by creating a constant stream of innovative and inspiring products and generating communication strategies that represent each brand and category in an engaging and compelling way. Their major brands are: NEO, SLVR, Y-3( high price range), Reebok ,Adidas originals, Adidas golf and CCMHockey. Reebok is an especial success story of their brand because it didn't stem rom them, but was acquired as part of a global expansion strategy in It occupies a specific market which then support's Adidas's brand strategy instead of cannibalizing it. It's market is similar to that of the Adidas Originals, Reebok is suppose to make the consumers â€Å"fit for life†. I nnovation at the brand is rooted in developing technologies and concepts that enable consumers to train at their best every day, whether they are running to keep fit, exercising in the gym or participating in other fitness activities.Reebok Classics leverages the fitness attitude and roots of the brand into the lifestyle segment. Reebok thus focuses in-between the two ends of the consumer spectrum as you can see in the diagram below To give the product a brand identity, the focused on getting Brand ambassadors within sports as well as sponsoring many team shirts and events. For example, they teamed up with FIFA, clothing most of the world's football teams including Manchester united, Barcelona, Argentina, and recently signed up Manchester united winger Nani as their new brand ambassador.It is to be noted, they do not only have one, but several brand ambassadors for their different apparel product categories. For example, they hired NBA's champion Kobe Byrant to reinforce Adidas†™s support of the â€Å"best of the athletes† and also their design credentials. f)Packaging – Adidas helps customers distinguish between the fakes and the originals with the help of it's packaging. Most clothes bought even in the shops have several tags with manufacturing details, composition, designer information, history of the item, washing guidelines and a hologram with the logo that can be seen clearly.The packaging also helps to communicate the brand value's of sustainability. The packaging for the shoes for example comes from 100% recycled material, and to save on fuel costs, the weight on packaging has decreased by 33% since 2006. g) Service Features – Adidas tries to help it's customers find the right product for them, and most of their service is centered around this. In-store they have trained staff that can consult customers what is the best product depending on the sport they do, or what they want to achieve fitness wise.They also have stylists w hich in their major stores can help a person re-define their style. Lately, they set up a VFW( a Virtual Footwear Wall) . It's the first in the world and can be found at its flagship store on London's Oxford Street, which uses advanced touchscreen technology and real-time 3D rendered products to allow customers to find out more about products before they buy. They can rotate footwear, view it from multiple angles, zoom in to see details, etc. The Augmented Product: this part of the product is the non-physical part of the product.It usually consists of lots of added value, for which you may or may not pay a premium. It may include the warranty, the customer service support offered , Installation, delivery, financing help and after-sales service. The augmented product is an important way to tailor the core or actual product to the needs of an individual customer. The features of augmented products can be converted in to benefits for individuals. For Adidas, the augmented product of th eir apparel is that it provides a complete solution for the exercising needs of the individual.Through their marketing efforts, they have created an Adidas sports community to make the customer really feel as past of a group when they purchase the apparel. Adidas provides the customers it's brand as a way of definition of the self, as one aspires to have the brand personality. It therefore can be used as an group identification tool , for the group that one belongs in, and one that they aspire to be. To help in this, Adidas offers heavy customization of the product as well as the possibility of designing and ordering team shirts.In their websites miteam. adidas. com , they really try to create a sense of â€Å"team spirit† with their brand, and often those who have bought their shirts get invited to events such as their catwalk openings. Apparel is also waranteed for 6 months after purchase, with the possibility of returns if the client is not satisfied with the product. Q2. Provide examples of the four types of consumer products and how varies the way in which they are marketed. The United States Consumer Product Safety Act has an extensive definition of consumer product, which begins:Consumer Product-The term ‘‘consumer product’’ means any article, or component part thereof, produced or distributed (i) for sale to a consumer for use in or around a permanent or temporary household or residence, a school, in recreation, or otherwise, or (ii) for the personal use, consumption or enjoyment of a consumer in or around a permanent or temporary household or residence, a school, in recreation, or otherwise; but such term does not include— (A) any article which is not customarily produced or distributed for sale to, or use or consumption by, or enjoyment of, a consumer,Kotler et al(2010) describes five main types of customer products as you can see bulleted below 1) Convenience Products are those that customers buy frequently, i mmediately and with a minimum of comparison and buying effort. e. g candy, magazines and fast food 2) Shopping products are less frequently purchased and it is those that customers compare carefully on the basis of suitability, quality, price and style. Examples are furniture, clothing, used cars, hotel and airline services. ) Specialty products are those with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort . 4) Unsought product are consumer products that the consumer either does not know about or knows about but does not normally think of buying. Most major innovations are unsought until the consumer becomes aware of them through advertising. Classical examples are funerals and blood donations to the red cross. These products require a lot of advertising, personal selling and marketing efforts. ) Industrial products are those bought by individuals and organizations for further processing or for use in conducting a business. The three main groups are materials and parts, capital items and supplies and services. I have chosen four customer products, starting from the cheapest to the more expensive. I shall describe the marketing for these four consumer products: 1) Pink lady apples. ( Convenience Product) The Pink lady apples come from a variety called â€Å"cripps apples†, originally bred by John Cripps which made them an especially crisp and fruity variety.The apple variety is owned by the DAFWA( Department of Agriculture and Food,Western Australia) and run by IPLA ( International Pink lady alliance) which is a large collection of apple farmers that have special rights to cultivate the apple worldwide. Pink Lady brand apples must meet certain trade mark quality specifications. Criteria for the specifications include sugar content, firmness, blemishes and color. Inspections are regularly performed to ensure both the quality and traceability of the apple from the orchard to the shop.This is part of their marketing as the Origin is an important point of product differentiation. It brand started when one of the producers offered the apple to his wife for valentine, thus came the idea for the romantic theme of the apple and it's main slogan â€Å"Pink Lady-so much more than an apple†. Product: The main product features (part of the actual product) are : It's s elegant : with its characteristic glow and perfect complexion†¦ It’s good enough to eat ! It is sensual :with its voluptuous charm, subtle fragrance, delicate and juicy flesh, it is the most glamorous of apples.It denotes pleasure :its crunch combined with the subtle aromas of wild strawberries, vanilla, litchi and rose give this fruit a unique and long lasting taste! It is the perfect balance of sweet and slightly tart. -Pink apple. Com Their marketing campaign was aimed at increasing the apple's sales and positioning it as an apple of better taste and higher quality than comp etitor products . They succeeded, especially in Italy where 97% of the customers thought it was a higher quality apple than the others.They also highlighted the product's attributes, and marketed it for it's nutritional quality, having high amounts of Vitamin C, antioxidants and fiber. An initial campaign featuring Audrey Hepburn, heroine of cool girls the world over, propelled Pink Lady toward becoming the most popular girl in school. Marketing campaigns revolved around female-centric holidays , Valentines Day, mothers Day, and worthy, trendy causes (breast cancer research). To market the apple they have done the following: ) Branded it with appealing heart shaped stickers: Most competitors have products with round poorly visible stickers, but Pink Lady has put larger pink heart shaped stickers to attract the customers to buy the product in-store b)Promotion: Television campaign: One of the few apple companies that launched a very successful television commercial to highlight the r omantic nature of the apple . Their main target market is obviously women who care about their bodies and want to eat healthy nutritious but also great tasting apples.They also released a couple of arty Posters, featuring people eating the pink apple in Paris, worthy of bedroom decoration. Pink Lady has undertaken also a wide range of initiatives to boost the brand and consumption in the U. S. , forming alliances with other groups such as the American Cancer Council and Sherwyn Williams. The latter has been an important promotion strategy called ‘paint it pink’. Where the customers were encouraged to paint something pink in their life, and then they could submit the picture to the Pink company via their website and win cash prizes.They have also been involved in flash mob dances and enlisted Biggest Loser celebrity Ali Vincent as a Pink Lady spokesperson. It is hoped that other initiatives including pre-mix cocktail development and branded sliced apples could also boost the brand in the future. They have also aligned with Walt Disney companies to produce â€Å"Pink-Kids†, that will in the future not only sell apples that have a higher sugar content than the ones for adults, but also make pre-packaged snacks .Pink lady also uses heavy occasion-marketing , offering customers discounts, apple recipes, gift bouquets with roses and apples as well as cards with pink lady cartoons as a part to boost sales for occasions like Valentine and Mother's day. Online, through their website Pink lady offers many , recepies, competitions like the food photography award, customer opinion blogs. They use other websites such as facebook and twitter to promote awareness of the brand.They also organize and take part in events such as the Vitality show ( wellness and fitness exhibition in the UK), The Virgin London marathon and the Valentine's day bonanza, where the winner this year won a new FIAT 500. c) Elite Pricing: Pink Lady apples cost on average 3. 20 Euros per kilo, which is about 1. 50 euros more than their competitors. They distinguish their product through this, thus appealing to the more wealthy health-conscious customers. They target the generation X and baby boomer females, who have more disposable income on luxuries.As John Reeves, the CEO Says â€Å"The Pink Lady is high priced even when it’s on promotion† d) Place: Pink lady apples are not sold directly by the company but via upmarket retailers such as Coop supermarkets in Italy, or Waitrose and Sainsburys in the UK . Their marketing campaign recently has been aimed at increasing sales in developed countries of the world. Here, is an example of a couple of countries. They have started marketing with retailers in Brazil, India, China (giving import licenses in Shanghai and Shenzhen)and Russia.They do this by organizing B2B exhibitions and meetings, with potential wholesalers and retailers who then push the product to the customer through in-store promotions. For their direct customers, Pink lady applied the concept of Experiential marketing . They opened many kiosks on the high streets of the big cities like London, gave free apples away at offices, talked face to face with the customers and went into schools to tell the romantic foundation story. This really encouraged the customers to try the apple and then buy it. )Customer Relationship management : This was designed for email marketing to the 8,000 strong Pink Lady Club database to engage with Pink Lady loyalists, to promote the weekly competition www. pinkladysunshine. co. uk/your-sunshine-moment/ and encourage them online to enter the main competition. It also kept track of online poles, customer surveys and general comments posted about the apple online. Overall, the Pink lady has differentiated itself from it's competitors by positioning itself as an apple for women who was both nutritional and sensual to eat.The augmented product included the membership that one could have to the Pink club, the competitions one could enter, as well as the information one had on it's production and origins. The mainly societal marketing approach aimed to increase sales in the Northern hemisphere before moving onto the southern hemisphere worked incredibly well, letting them be the no. 1 favored apple of Europe by 2012 and providing them with a sustainable competitive advantage. 2) Zara Clothing: (Shopping Product) Zara is owned by the Inditex Group.Inditex Group is a large company based out of Spain running around one hundred stores dealing with textile design. Inditex operates over 4,350 stores worldwide with brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Zara, Zara Home, Uterque, and Stradivarius(History of Zara, 2008) Zara is present in 71 countries, with a network of 1,475 stores located in major cities throughout the world. The group also has a distribution center in Zaragoza, called Plataforma Europa, which distributes to all the Zara stores within Europe. â €  Marketline France Apparel retail industry report, 2008, pg. 20) Zara's marketing strategy has been centered around creating Zara clothing, not as a â€Å"fad† but more as a lifestyle choice for the independent working woman. They seek to bring the major catwalk models into the ordinary life by making the design more practical and economic. To do this, they had to understand the â€Å"psychology† of their customer needs. Including, what makes the customers re-buy Zara products and how they feel when they are wearing them. They discovered that 1/3 women don't like the way their clothes fit them.To overcome this, Zara recruited a team of designers that completely revolutionized the Product, making them â€Å"look beautiful† on almost every body. They did this by accentuating the style and neutralizing the body contours beneath the body. Now, the customers who wear Zara have an immediate â€Å"self esteem† boost, which is why the company boasts an incre dible growth of about 18% per year. 1) Place . Zara's target market is the Euro-chic crowd who wants more fashionable clothes with a shorter lead time. Zara produces lower quantities of clothing, therefore the supply of their items are very scarce.Zara relies more on location of a retail establishment rather than advertising to attract customers. Only . 3 percent of sales are spent on advertising for the company compared to that of its competitors who spend around 3. 5 percent. Zara is more concerned with finding the exact retail site that best suits the company rather than spending the extra money on luring customers into the store . They usually book the bottom floors in large shopping malls, so they are the first stores which a customer visits, and they also ensure that their spot on the high street Is in the most visible areas and install very large windows in their shops.The inside of their stores is usually moderately lit, with a minimalistic furniture and decor, and a definit e â€Å"professional† vibe. This matches with Zara's brand personality . 2) Pricing: Zara has often adopted a market penetration pricing strategy by positioning itself cheaper than most of it's competitors as you can see in the diagram below: c -Slideshare(2012) They give many coupons, online discounts and do frequent bargain offers in their shops. They seek to keep the prices fairly low and to provide quality. as can be seen in the diagram above). The pricing ties in with their logistics strategy to have a high turnover of clothes. Louis Vuitton's Fashion Director Daniel Pietter has described the brand as â€Å"the most innovative and devastating retailer in the world. Zara has a reputation of disrupting the market wherever it goes. A clear brand proposition has been crucial in the brand’s success. This is a great example of a brand built on a simple idea that is delivered ruthlessly and at a good price† –Daniel Pietter ,New York times(2010) ) Promotion: Zara, compared to her competitors in the haute fashion world has never been a big fan of using television commercials, but rather celebrity endorsement. The most chic considered stars like Angelina jolie, Scarlett Johanesen and Nicole Kidman have all been famous supporters of the Zara brand. To reinforce this celebrity image, all of their marketing material like their brochures glossy, expensive looking and glittery. However, they never make adverts on large billboards nor use posters. Because they do not use a lot of TV advertising, they are spending relatively little on their marketing campaign( about 0. % of total revenue). Therefore, their marketing strategy is focused around Zara's presence in the world and rapid expansion and distribution of it's stores. With more than 1,500 stores around the world in over 70 countries, they open around 150 new stores every year. With the brand becoming world renown, the company is also focusing on sustainable marketing by opening stores whic h consume 30% less energy compared to the average conventional store. The new stores also save 50% of water consumption and maintains their CO2 emissions below 150 toms a year.With this said, I have to add that Zara does however organise fashion events to attract it's clients. They are present in almost every international fashion show from Ethiopia to Finland. This presence not only promotes their brand amongst the elite, but also gives their designers plenty of inspiration for the constant innovation they have to deliver. 4) Product : On-top what I have already mentioned in my opening paragraph , it should be noted that Zara produces most of it's clothes in-house, and rarely outsources to ensure major quality control.If they do decide to outsource, they move their factories to places like Romania and the Czech republic rather than the developing world. This way they also spend less on transportation and can implement a Just-in-time manufacturing approach which guarantees there is a lead time of 2 weeks between the design of the clothing and it's appearance in the retail shops. It should be also noted, that Branding is not a big part of Zara's marketing like Adidas. They never place their logo on any of the clothing they make to avoid competition from imitator products.Instead, they train their customers to have a ‘good eye' on what is the real Zara product and what is a fake. Overall, with minimum marketing effort, Zara is an interesting company because they have demonstrated to the world you can still have customer loyalty and grow rapidly by offering a great value proposition instead of investing heavily in marketing campaigns. In the end, it is the customers through their own word of mouth that promote Zara the most. 3) ING Direct Online Banking:(Specialty Product) ING Is the world's biggest online bank, founded in 1991 and the fastest growing bank in UK history.It's main target market is the Generation X and Y who know how to navigate the internet very well , who do not have time because of their busy schedule to go to a regular bank, because of their restricted opening ours and also who are interesting in saving the money they have. Regular bank accounts make it easier to take out money, but online banks are more geared to saving money, which is why they usually do not have a minimum deposit requirement. a) Product: ING direct offers banking services and support 24/7 for wherever you are in the world.The service aspect of their product ( the augmented product) is their biggest competitve advantage and biggest source of differentiation. Unlike other online banks and investment groups like Ally bank and Perk Street, they assign every customer to a bank representative which stays with you for as long as your relationship may last in the bank. This is part of their CRM efforts ( Customer relationship management) and it has proven to be a big success because people feel less afraid of being just another face in the crowd, and kno w there is a person in the bank who knows about them and can serve them faster.The customer does not have to pay service fees as well, as in a regular brick and mortar bank and they offer low interest rates to borrowers and high rates to savers. All of this does great word-of-mouth marketing for the bank, who being online relies on it more heavily than a traditional bank , due to the fears of online scammers. Another big source of marketing for them and differentiation comes from their customer-specialised products.They have accounts for kids ( Kids Savings accounts), Business Accounts and for Pensioners that are more flexible than traditional banks and offer more benefits, and also a cash prize everytime someone opens an account : major way to attract clients. b) Promotion: ING Direct brands iself as the â€Å"Forward thinking† bank. It tries to deliver innovative marketing campaigns, mostly in the form of billboards, posters and television commercials to it's clients. It ma kes an effort to associate it's brand with all the number one achievers in the sports and business world.For example, has recently signed a contract with Ferrari and Formula One to become the major sponsor of their events. They invest also in the promotions at Football games, large billboards and Tennis championships. Recently, they launched a new brand positioning campaign which should make clients see them as â€Å"the most convenient way to do everyday banking†. For this sey made a 60 second youtube spot, which was then viewed on select tv finance and news channels like CNN, CBC, CTV, Global and TVA, as well as specialty channels including HGTV, History, TSN, RDS, Series+ and Canal D .However, a huge aspect of their marketing efforts still is Viral Marketing . They are heavily dependent on website advertising space, you-tube video clips, facebook and twitter online presence to increase brand awareness. They also partnered with application builders to be part of the increas ing app market. Now, if you download Sharebuilder app on your smart phone, you can use money directly from your online ING account to invest in the market. The CEO Jim Hemmer says â€Å"†ING Direct's mobile banking and trading apps are innovative and reflect the personality of the brand,†Overall, ING's financial products have succeeded because it understood it's customers. The money ING saved from not building physical establishments, they passed these cost-savings directly onto the customers who now get cash prizes when they open an account, very good rates and no service fees. The marketing has been mostly online for them, even if they still do sponsor many sports events, but most importantly it's a bank who has thrived like Zara on word-of-mouth, and based it's biggest advertising on the actual products it offered-being more price competitive, more personalized and more appealing than the competitor's offerings. ) Nomenus Quarterly ( Unsought product). This magazine is the most expensive in the world ( about 2200 pounds sterling) and came out as a limited edition of 50 published pieces. It was created by the German artist Erik Madigan Heck, as an attempt â€Å" to create something of lasting real beauty†. It's publications show photographic spreads of fashions by Azzedine Alaia and Ann Demeulemeester (shot by Heck himself), as well as works by some of the art world's greatest figures, including Lucien Freud and Anselm Kiefer.It has to be noted that all art in the magazine are one-off exclusive and original pieces, therefore the product offering appeals not to those who are interested only in art, but also photography and art collectionists. Price: Of course, with the price tag of over 2200 pounds, it is a magazine for the 1% elite of the society who are interested in alternative art forms represented through painting and photography. The price does quite a bit or word of mouth marketing for it, as it is the most expensive, and because of this, boasts quite a few online publications solely on its pricing strategy.Erik comments directly on the price saying â€Å"Let people pay the highest price, because you know what, we have the best product out there and it's worth it. And it works. It sells out before it even launches. † Packaging: The product comes in a unique black box-set laced together with a silver silk ribbon , in which inside there is the magazine. It is not only to protect it, but also to introduce the publication. Please see the picture below, from their own website. Place: The product sells online, through its own website, or you can view it for free online! Erik calls it the Robin Hood deal of marketing, that is give it for free†. He understands that the real customers buy the work to treasure the collection of art which is inside, not to merely have a flip-through. The magazine can also be found at exclusive book clubs like Damien Hirst and stores around mostly London and New York. Then, t here are many magazines and televison shoes who quote from the magazine, or use part of it's contents, giving it free publicity. For example, Vernissage Tv-an exclusive art and fashion channel is notable for citing Nomenus quaterly and showcasing it's work in a couple of short documentaries.Promotion: The magazine promotes itself through the business network of it's founder, Erik, who basically does not spend anything on promotion he claims, apart from the website expenses. All of the clients of the magazines are mostly designers who know him, or connected interested peoples like Kevin Roberts , C. E. O of Saatchi & Saatchi. As a way to promote the magazine itself, its pages feature exclusive photographs of celebrities and major art figures. For example, the latest issues had photos of the supermodel Mary Katrantzou and Tilda Swinton. In conclusion, Nomenus quaterly has demonstrated that passion does pay.It breaks away from the other examples I have used, because it plays in a very niche market of the cream of the high-class, who have very specific and complex wants-especially if they need to pay that kind of price for the product. It's marketing is almost purely word-of-mouth, and has worked extremely well for this magazine that delivers beautiful original work and has in it's own market no direct competitors. A completely original, innovative and eccentric consumer product that has demonstrated that via differentiation and quality, it has occupied a very specific market niche and gained a loyal customer base for the long-term. . What is a brand? Why are there many people willing to pay more for branded products than non-branded? A brand is a â€Å"name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers. â€Å"Branding† began as a way to tell one person's cattle from another by means of a hot iron stamp, and today it's still doing the same thing- differentiating products fro m each other. -The American Marketing Associations Dictionary (2011) â€Å"Brands may be the most important tools for creating value and profitable customer relationships.Marketing is about building brands that connect deeply with customers. † -Kotler et al(2010) People are more wiling to pay for a branded product than for a non branded because of the concept of Brand Equity. Brand equity is the differential effect that knowing the brand name has on the customer response to the product and it's marketing. To explain this further, I shall use the example of a couple of Iconic brands. These are defined as having aspects that contribute to consumer's self-expression and personal identity.Brands whose value to consumers comes primarily from having identity value are said to be â€Å"identity brands†. Some of these brands have such a strong identity that they become more or less cultural icons which makes them â€Å"iconic brands†. Examples are Apple, Nike, Mc. Donal ds and Harley Davidson. People pay more for these brands because of the deep connection these brands have been able to make with their customers. Holt (2004) identifies four main elements to creating iconic brands, which will create a bond with the customer and justify the higher prices than non branded products. Necessary conditions† – The performance of the product must at least be acceptable, preferably with a reputation of having good quality. â€Å"Myth-making† – A meaningful storytelling fabricated by cultural insiders. These must be seen as legitimate and respected by consumers for stories to be accepted. â€Å"Cultural contradictions† – Some kind of mismatch between prevailing ideology and emergent undercurrents in society. In other words a difference with the way consumers are and how they wish they were. The cultural brand management process† – Actively engaging in the myth-making process in making sure the brand mainta ins its position as an icon. Kotler et al(2010) also adds that if the brand is going to be successful, differentiation from competitors is not enough. It needs to be relevant to the customers needs. The more there is a tight fit between the what the customer wants and what the brand gives and stands for, the greater chance of attaining a long term competitive advantage. To summarize, the branding done by companies makes people pay more for them because : )They have an Emotional connection to the brand- like McDonald people associate It with fun and tasty food. -relating somehow back to their childhood and family bonding. 2) It gives them a way to Express their identity through the brand image or personality. For example, buyers of Harley Davidson are usually men who want to feel more masculine and ‘rebellious'. 3) They are guaranteed a certain degree of quality and security as with the case for Parmigiano cheese, customers repeat purchases because they know what to expect in t erms of taste, thus it's part of a dissonance-reducing buying behavior. ) It gives customers a greater Self Esteem, for example, women who buy Fendi apparel get an immediate self-esteem boost from the purchase because they feel they are a step closer to their aspirational group, and feel they have ‘rewarded' themselves in making that purchase. In conclusion, for a brand to remain successful, it must rely less on the product's tangible attributes and more on creating surprise, passion and excitement surrounding a brand. It must also make sure that it's brand image and personality does not suffer as the business extends it's product lines or invests into new products. Q4.What are the four characteristics that affect service marketing and the additional marketing considerations for this sector? The service sector is one who's grown is increasing greatly. They not account for about 79% of USA's gross domestic product. There are two different types of services; the public ( offered by government and non-profit organizations, and the private ones ( offered by all business organizations). Kotler et al (2010) state that there are four main characteristics that define and affect services. They are: Intangibility: Services are intangible and do not have a physical existence.Hence services cannot be touched, held, tasted or smelt. This is most defining feature of a service and that which primarily differentiates it from a product. Also, it poses a unique challenge to those engaged in marketing a service as they need to attach tangible attributes to an otherwise intangible offering. Heterogeneity/Variability:Given the very nature of services, each service offering is unique and cannot be exactly repeated even by the same service provider. While products can be mass produced and be homogenous the same is not true of services. g: All burgers of a particular flavor at McDonalds are almost identical. However, the same is not true of the service rendered by the same coun ter staff consecutively to two customers. 3) Perishability: Services cannot be stored, saved, returned or resold once they have been used. Once rendered to a customer the service is completely consumed and cannot be delivered to another customer. eg: A customer dissatisfied with the services of a barber cannot return the service of the haircut that was rendered to him. At the most he may decide not to visit hat particular barber in the future. 4)Inseparability/Simultaneity of production and consumption:  This refers to the fact that services are generated and consumed within the same time frame. Eg: a haircut is delivered to and consumed by a customer simultaneously unlike, say, a takeaway burger which the customer may consume even after a few hours of purchase. Moreover, it is very difficult to separate a service from the service provider. Eg: the barber is necessarily a part of the service of a haircut that he is delivering to his customer.The additional marketing considerations for this sector are that a company must realise that increasingly what drives customer satisfaction is the level of services and the extra services offered compared to competitors, even if a company is selling a physical tangible product. E. g Sky-tv offers free installation when a customer purchases a good. This is part of the augmented product, but it also gives them an advantage point over their competitors. This said, companies must realise that the point of service devliery is when the employees ( representatives) of the firm meet the customers.Successful companies must focus their attentions on both the employees and the customers in order to achieve a satisfied client. This is part of the Service profit chain, that is the chain that links service firm profits with employee and customer satisfaction. For it to be successful it needs Internal service quality- superior employee selection and training to support them when dealing with customers Satisfied and productive service e mployees- the ‘extra smiles' are always passed onto the customer and adds more value to the overall service deliverySatisfied and loyal customers- if people had good service, it is more likely they will repeat purchase and give out a positive word of mouth Healthy service profits and growth: this is the final stage of the link which gives superior service firm performance. To ensure that this chain works well, marketers need to keep their employees happy and keep a good communication from the front-line employees to the top management. To ensure it all foes well, they have to employ a degree of Internal Marketing. Kotler et al(2010) say that internal marketing means that the service firm must orient and motivate its customer contact employees and supporting service people to work as a team to provide customer satisfaction,infact internal marketing must precede external marketing. An Example is the Four Seasons hostel , that invests on their human resources to motivate, reward and correct their employees when necessary , empowering them with the right motivation tools. They give a constant training in order to contentiously improve the service.This in turn, improves the quality of Interactive marketing , being the satisfaction the customer gets after being delivered with a certain quality of service. If this is successful, the customer will repeat purchase and spread a positive word of mouth. REFERENCES Kotler, Philip; Gary Armstrong (1989). Principles of Marketing, fourth edition (Annotated Instructor's Edition). Prentice-Hall, Inc.. pp. 639 Kotler, Philip. , Armstrong, G. , Brown, L. , and Adam, S. (2006) Marketing, 7th Ed. Pearson Education Australia/Prentice Hall. Kotler,Philip. ,Armstrong,G. (2010) Principles of Marketing 13th Ed.Pearson education. Australia/Prentice hall. History of Zara. (2008). Retrieved November 3, 2009, from Zara-Clothing: http://www. zaraclothing. net/history-of-zara/ MarketLine. (2008, July 8). Zara company profile. Retrieved from http://www. marketlineinfo. com American Marketing Associations Dictionary. Retrieved 2011-06-29. Holt, DB (2004). â€Å"How Brands Become Icons: The Principles of Cultural Branding† Harvard University press â€Å"Harvard MA Websites: http://adidas-group. corporate-publications. com http://www. adidasdesignstudios. com/ http://www. cpsc. gov/businfo/cpsa. pdf ttp://www. freshfruitportal. com/2012/02/06/how-pink-lady-plans-to-build-north-americas-most-recognized-fruit-brand/ http://pinkladyapples. co. uk/story http://www. pinkladyapples. com/news/news. asp http://www. slideshare. net/preciousssa/zara-marketing#btnNext http://www. zara. com/ http://www. trulydeeply. com. au/madly/2011/06/16/zara-brand-launch-marketing-australia/ http://fashiongear. fibre2fashion. com/brand-story/zara/advertisements. asp http://www. ingdirect. ca/en/ http://www. marketingmag. ca/news/marketer-news/ing-adopts-new-positioning-unveils-new-marketing-50970

Reading is an interactive process Essay Example

Reading is an interactive process Essay Example Reading is an interactive process Essay Reading is an interactive process Essay Reading is an interactive process BY Jlopezl 0569 The quote When I am reading a book, whether wise or silly, it seems to me to be alive and talking to me, by Michel de Montaigne means that each book has a meaning and can relate to the reader in a way. Most authors can also relate to this quote. For example, Sherman Alexie, Maureen Corrigan, Anna Quindlen, and Gwendolyn Brooks saw reading as love, companionship, and a way of life. This shows that reading can be an interactive process. Author Sherman Alexie says his father loved to read. Since he loved his father with such devotion, he decided to love reading as well. He was young when he realized what a paragraph was. He understood a paragraph as a fence that held words together for a common purpose. For example, his family was a fence, his school was a fence, and even the world had different fences. Sherman says that he would read at night, at recess, and when his family would travel. When he read it was like he was trying to save his life. Now he is a writer that tries to help other people save their ives as well. Maureen Corrigan says that she was a really shy kid. She says that reading offered her companionship and an escape. As well as Sherman, she wanted to be like her father, who loved reading. She says that people can get a glimpse of different experiences and their world can be enlarged. While other kids were learning to sound out words in class, she was reading ahead of her classroom books. Anna Quindlen also has her own points of view. When she was small, she had always sensed that she should be somewhere else. She decided to go places through books. She went to England in the book Middlemarch and A Little Princess. She also went to houses with high ceilings and dramatic scenes. It was like a place she lived in, and it felt real to her. Anna learned who she was, what she liked, and what she dreamed about. Reading is her own world, where she can happily live. The passage To Young Readers, by Gwendolyn Brooks says that books are like bandages. These bandages help heal and create new types of feelings that bring the eaders into the light and away from the dark. She also says that readers are nourished guest. They read a book and get Juicy details and experiences. Then the reader moves on to the next book, and so on. Reading gives the reader a chill making them wonder what will happen next in the story. It also makes them feel like they are living in their characters lives as if it is also a part of their own. Everyone relates to books in different ways, but that doesnt stop people from enjoying them.

Brothers Grimm Fairytales

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Critiquing a Website - Essay Example The website being evaluated in this report is the www.southalabama.edu/alumni. It is used by old students and friends to establish connections with the alumni association of the University of South Alabama. Visitors can access the latest news regarding the alumni activities and also take membership if they meet the criteria. The website also has a newsletter which updates the members about the latest happenings. Information is also available about scholarships along with forms. Ferocious jaguar eyes are what that greet you when you visit the homepage of the University of South Alabama National Alumni Association. The dark background against the bright colored banner does not have a desirable visual effect. One could nearly miss the white colored title of the webpage as it is overshadowed by the bright color of the banner. There are more than half a dozen links that are crammed up on the left side of the page. One needs to actually hunt for the "Home" link. It is the 16th link from the top and has small paw icon associated with it. There is no uniformity in the links on the left side of the page as some of them have tiny icons associated with them and some don't. There is description present on the homepage about the alumni which is too short. The homepage has two links with different names which open up to the same page, "Alumni Board" and "Board of directors ". Similarly "Contact Us "is linked thrice on the homepage and that is redundant. Apart from this there are different font sizes and bold text used in

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Information Systems Development - Essay Example In the second section, I have discussed the idea and the implementation of Ingen, the automation software. The third section deals with the challenges faced on road to making Ingen a success. The fourth section deals with the various factors affecting the cost estimation in a software project development. The next section describes the maintenance involved. When a resource joins the organization he is put in the talent pool. Under an organization there are various accounts and each account has a number of projects. When the requirement for a resource arises in a project, the account manager requests to the Resource manager, who is in charge of the talent pool. The resource who matches the skill set put forward by the account manager is allocated to the account. Now, the project manager allocates the resource to a project. As soon as the resource enters the project, his personal as well as technical information has to be updated and his manager keeps a filed record of all his information for a future reference. The whole process is no doubt a tedious one. Everyone, from the resource level to the manager level wanted a tool which could save time and ease the effort of manually performing each of these tasks and maintaining a record of the same. Taking a report for a time period was also getting difficult. So, the need arose for something which could do all tasks for the end users with much ease and precision. Ingen is a resource management tool developed to cater the need for an account management in a multi national company which consists of many such accounts. People work in an account from over various places in the world and at client sites. Though many generalized resource management tools were available in the market, since every organization has a different hierarchy and grouping method, it was difficult to use one already

Structured Multisensory Approach to Teaching Dyslexic Students Research Paper

Structured Multisensory Approach to Teaching Dyslexic Students - Research Paper Example However, it is unfortunate that there seems to be no known and appropriate medical interventions or alternatives that can be used to alleviate effectively the various challenges in cognitive processing which are presented in many cases of dyslexia. There is a myriad of successful approaches- with the most predominant being the structured multisensory teaching- which have been attempted and developed through a number of studies and which have shown to provide eminent solutions to this contentious dilemma.   All dyslexic students require quite a different language teaching and learning approach from the conventional ones applied in most of the classrooms. They should be taught their language’s basic elements thoroughly and slowly, putting emphasis on the letters and the sounds that represent them, as well as how to mingle the two and how to separate them. For conscious retention and organization in their learning, there ought to be plenty of practice in order for them to coordinate their ears, writing hands, voices, and their eyes. This is basically what constitutes a structured multisensory teaching approach to dyslexic students. But before we specifically discuss this approach in detail, it is imperatively important to give some working definitions and background of the dyslexia condition. Perhaps the most important question to address ourselves to at this juncture is â€Å"what is dyslexia?† For a long time, many people have not been able to distinguish between dyslexia from mental retardation. Over the decades, there have been many terminologies that have been adopted to define dyslexia.