Saturday, August 31, 2019

Imperial Presidency

Richard Nixon’s presidency is labeled as ‘imperial presidency’[1] due to its hunt for and utilization of regal authority and supremacy. Certain other presidents in American history like Andrew Jackson and Theodore Roosevelt sought kingly control but that expansion in the executive power manifested the merits of that extension. During his presidency, Nixon and his administration put forward legislations to get the maximum control over such areas that remained exclusive domains of Congress like the power to declare war, the power of the purse, and the power of immunity from legislative oversight. This style of administration, absolute authority and legal privileges capacitated Nixon to involve Watergate scandal. Immunity from legislative oversight helped him to cover up his involvement in this scandal. His craving for a absolute authority and measures taken in this regard is best described by his attorney general, Elliott Richardson. He said that â€Å"a government of laws was on the verge of becoming a government of one man.† Despite these absolute powers, his government miserably failed in the domestic arena as he was unable to address the issues facing the American people. Notwithstanding his failure in the domestic affairs, Nixon attained extraordinary progress in the international affairs and explored new horizons for American foreign policy. He established reciprocal and positive relationships with china and was first American president to visit communist China. It goes to the credit of Nixon that he not only developed commercial relations with Russia but also succeeded in signing the Strategic Arms Limitation Treaty. This marked the beginning of steadier and constructive relations between the two super powers. [1] This term was first used by Arthur M. Schlesinger in his book ‘The Imperial Presidency’ in 1973.   

Animal Cruelty Essay

To bring awareness to my audience about animal cruelty. Introduction: As humanity has grown, there has been an increase in authority and rules and regulations of everyday life. One of these rules is animal cruelty. Animal cruelty simply means cruel unjustified treatment of animals and sometimes pets to unnecessary harm and pain. One principal type of animal cruelty is torture. It is not ethical, moral, or legal but we humans do it.. One of the places we see the most animal cruelty is in the circuses. Animals in circuses are regularly and dangerously exposed to many abuses and diseases. Circuses do not practice what they preach and indulge in animal cruelty on a regular basis, after the training sessions of the circuses, tight collars, whips; beatings and torture are the order of the day for these animals. Elephants are one of the animals that suffer from major diseases in the circuses like tuberculosis and can infect humans with the bacterial disease. Some cases show that the elephants were not cured medically for wounds caused during beatings and other natural causes. Circuses have known to keep a large amount of soil ready, to hide the wounds and the blood on the elephants. Some elephants have also suffered from lameness, arthritis and food abscesses. Elephant deaths in circuses are normally caused due to osteoporosis. Elephants suffer from Osteoporosis simply because they do not have wide spaces to move around. Due to the cruel treatments, it has been proved that circus animals are dying at a higher rate than they are breeding. Circuses teach children that it’s acceptable to abuse and mistreat animals for amusement Another animal cruelty is with dogs, people seem to think that fighting is a dog’s nature. Dogs are not the same as humans, but dogs do feel physical pain. Just because a dog can’t say â€Å"That hurts! † doesn’t mean they don’t feel pain. Dogs also suffer from feelings such as loneliness when left chained. That’s why they howl and bark, to try and get some attention and if they are ignored dogs stops howling, it’s because he’s given up hope. So much cruelty is involved in dogfighting. Dogs are tortured to make them violent. Kittens and puppies are used as bait to teach dogs to kill. Illegal drugs and weapons are usual at dogfights. Fighting dogs usually live on chains their whole lives. Other animal cruelty we see is when they make experiments on animals, like monkeys, mouse, gineapigs etc. Monkeys and others animals do not have identical immune systems as humans, and may not respond to drugs or vaccines in the same way. Animals are often depressed alternatives for humans, and some mixtures that may well cause no harm to an animal, could seriously harm a human being. Also, a drug that is toxic to the animal it is tested on may have no toxicity, and even healing benefits in humans. Pain and suffering still occur, and simply being in captivity can cause great distress to animals, just as it would to a human. We most of the times forget the pain and suffering we are causing to animals, we use them as objects of study, rather than live creatures, and this can mean they are treated as disposable rather than indispensable.

Friday, August 30, 2019

Malcoms Final Speech

Malcolm’s Final Speech Shakespeare’s written work has stood the test of time and Macbeth is an excellent example of his classic literature. At the end of the play the final scene is about who will become the King of Scotland. After the death of Macbeth, Malcolm is declared King. He is declared King since it was his birthright because his father was King before Macbeth killed him. Shortly after he was declared as the new King, Malcolm makes a speech of acceptance. One can look at this passage from many different perspectives. During his speech he talks about rewarding the Thanes and kinsmen that that fought along side him by declaring them the first Earls of Scotland. This demonstrates his honesty, loyalty and it also proves that he is a trustworthy King. Some might argue that this demonstrates that Malcolm is also very trusting of other people. This was one of the traits shown by his father; the trait that led to his downfall. He was too trusting in Macbeth, which gave him the opportunity to kill Duncan. This is not the only item that Malcolm addressed in his speech. He also addresses the state of Scotland. He wants those that were exiled by Macbeth to return home, and for those that supported Macbeth to be exiled. Malcolm wants to exile all of Macbeth’s supporters to ensure that there is not revolt or uprising against him when the nation of Scotland remains in a fragile state. His decisiveness in this regard, is a good quality for a King to have. The most crucial aspect of his speech is when he announces the death of Lady Macbeth. This is critical because Lady Macbeth was the true ruler of Scotland. Macbeth was nothing more than a puppet and Lady Macbeth was the puppeteer. Macbeth was an honorable man turned tyrant by the manipulation of his wife. Lady Macbeth was not evil, but she was driven by greed for power and control. No matter what her status was in the political world, she was not happy with it until she was finally the queen of Scotland. Lady Macbeth took her own life. There were two factors that contributed to Lady Macbeth taking her own life. One of those factors was the fact that she could feel the power slipping away from her. She knew her power and control would not last much longer and she could not accept that. The second, and larger contributing factor that led to her suicide was her conscience. She was tormented because of the things that she and her husband had done. They were horrendous and horrific acts that weighed heavily on her mind. She could not take it anymore, so she decided to jump off of a balcony. Scotland was set free by the death of Lady Macbeth. At the end of his speech Malcolm states that with God by his side, he believes that he will be able to restore peace and harmony in Scotland. In the final line of his speech he invites all to Scone to watch him be crowned and reclaim what was stolen from him. After having examined Malcolm’s speech, it reveals how trusting and decisive Malcolm was and how Lady Macbeth was truly in charge during Macbeth’s reign. Malcolm is a perfect foil to show Macbeths weakness and Lady Macbeth’s power over him. This leaves the reader with the idea that in fact Macbeth was nothing more than a weak coward.

Thursday, August 29, 2019

Case study Fetal abnormality Essay Example | Topics and Well Written Essays - 500 words

Case study Fetal abnormality - Essay Example One theory according to Marco is that the doctor should consider the emotional stability of Jessica and he should tell her once he is sure that she can receive the diagnosis. Dr. Wilson’s theory is that it is an obligation for the doctor to inform his patient their true diagnosis immediately to facilitate proper decision making. Therefore, it was appropriate for him to inform Jessica on the condition of the fetus and give his advice of which he recommended an abortion. He argues that his obligation is to Jessica and not to Marco and that it is important that Jessica knows her condition so that he can advice her accordingly. Maria on the other hand thinks that a mother should not terminate a pregnancy despite the condition of the fetus. She pleads with Jessica not to terminate the pregnancy and let God decide. Jessica does not have a particular stand, she cannot decide between terminating the pregnancy, and her religious believe that life is sacred. All these theories are at some point confusing Jessica in her decision regarding what to do. Marco is Jessica’s husband and although after the pleading with the doctor he did not change his mind, the doctor thought he was worth listening. This is despite the fact that his reasoning did nothing to persuade the doctor to act differently and wait before telling Jessica the truth about her diagnosis. The doctor’s theory has a lot of weight in the decision-making since he is the expert and knows the implication of continuing with the fetus with abnormalities. Marias thinking also can influence on what Jessica decides considering Jessica is also a religious person and that is why she thought of calling her priest. Personally, I am more at ease with the doctor’s theory that it is better that Jessica Knows the condition from the doctor because it is ethically right she knows. The doctors knows the challenges that children born with conditions like what Jessica

Wednesday, August 28, 2019

Organisation's entry into a foreign market - internationalisation Essay

Organisation's entry into a foreign market - internationalisation process - Essay Example As these factors could be influenced by local cultural, political, social and economic issues, they have to be studied in an in-depth manner before entering the foreign market, and that will be focus of this report. Introduction Organizations wanting to achieve optimal success will always want to expand their geographical and financial ‘boundaries’, thus going on the path of internationalization. That is, organizations could think of entering newer or foreign markets after achieving sizable success in their domestic markets or due to strong competition or saturation in their domestic market or importantly after seeing feasible and good opportunities in foreign market or markets particularly due globalization facilitated opportunities, etc. Thus, internationalisation is kind of becoming a happening concept used by many organizations to expand their reach globally. â€Å"As the global economy expands, as more products and services compete on a global basis and as more and more firms operate outside their countries of origin, the impact on various business functions becomes more pronounced† (Briscoe and Schuler 2004). Whatever be the motivations or objectives for the organizations to enter foreign markets, it is of crucial importance for that organization to study that foreign market in a deep and extensive manner. According to Hill (2009), if a firm wants to expand its business to overseas markets, it must evaluate the potential of country and the country specific factors. Recruitment process After the organizations make its entry, to start their operations there organizations will have to send their own employees who are working in their home operations, then will initiate the recruitment process to recruit the local qualified employees and could also bring in employees from other Third countries. This factor of recruitment is in line with the theoretical concept of recruiting the three types of employees, Parent Country nationals (PCNs) who are brought from home operations, Host country nationals (HCNs) who are local employees and finally Third Country nationals (TCNs) (Scullion & Collings 2006). Among these three groups of employees, organizations has to focus maximally on the HCNs. Entering organizations are duty bound to recruit high number of HCNs because they have to give something to the population that host their organization and also for practical purposes including low cost labour, logistical reasons, etc. Thus, when qualified at the same time low cost labour is available, entering organizations can achieve two objectives in one stroke. Peng and Meyer (2011) discusses about this recruitment process by stating how it involves â€Å"identification of suitable local employees, convincing them to apply for a job, and selecting the most suitable candidates for each job.† Management of recruited employees After recruitment process, organizations have to consider the factor of aptly managing culturally differe nt employees. That is, as each country will have certain distinct cultural traditions, and as the local employees would have imbued those traditions, it could be visible during their functioning, thereby necessitating apt management. Like the above mentioned recruitment process, during organization functioning, it would be better for the organization to prepare and promote local employees to managerial positions. This is line with the theoretical concept that the organizations operating in foreign soils should follow polycentric

Tuesday, August 27, 2019

Corporate compliance plan Essay Example | Topics and Well Written Essays - 500 words

Corporate compliance plan - Essay Example iodic review and risk assessment of company processes, performances, regulations and policies; the recommendation of necessary changes as determined by such risk assessment; the development of internal audit procedures to be used in the risk assessment, and; the formation and composition of the teams that will be tasked to conduct such periodic risk assessments. Riordan Manufacturing shall conduct business with customers in a transparent, professional, honest, fair, respectful and friendly manner. Relative to this, the company shall ensure that all its products have passed rigid quality control. Any valid complaint against the Company and its products shall be immediately acted upon and investigated. Restitution and compensation, if applicable and necessary, will be immediately effected. The Company accepts its liability for defective products without need for any court intervention. The Company shall ensure that its business conduct is within the bounds of all federal, state and local laws with regards to unfair competition and the tangible and intellectual property laws. It shall also defend vigorously its own rights under the same by going to court to enforce it if necessary. Riordan Manufacturing joins environmentalists in the promotion of a safe and livable earth. In this respect, it shall comply with and vigorously implements industry-wide standard regulations. It shall undertake monitoring activities and periodic risk assessments to ensure strict compliance with the same. In the event of any unforeseen accident in which Company activities have, in any way, caused damage to the environment, it shall voluntarily call the attention of appropriate government agencies and initiate corrective and cleaning up measures. The Company strictly enforces compliance with this CCP. Any employee found in violation of it shall be made subject to disciplinary actions. Any person who has knowledge of any violation of this CCP is obligated to report it to the CCO through a

Monday, August 26, 2019

Racial prejudices among the police in united kingdom Essay

Racial prejudices among the police in united kingdom - Essay Example But the hard news is that the mass media: TV, radio, newspapers, magazines and on the Internet, are free to be prejudiced in covering black communities and free to maintain closed doors to Black and minority ethnic journalists (Chronicle World, 2007). When we don’t know an individual well, we consciously or unconsciously begin to characterize him or her based on what we see. Again, this is due to our ignorance of the person’s real character and personality (Oloo, N 2007). We will form opinions, often based along stereotypical lines (Mwenda, 2004, P.56-60. We can fill in the blanks with such expectations that certain races are intellectually superior, others are full of avarice, another is more artistically or athletically inclined, still another has members who are apt to be dishonest, etc (Barnes, 1998). He continues that, these ideas have been formed from society, media, and our own upbringing. According to Mailu, (2000), while all humans belong to the same species, races are distinguished from one another by such characteristics as hair color and texture, skin color, eye color and shape, size of limb and body parts, and facial organs (P. 34). Racial matters have shaped the form of our present day societies since time began. As far back as the children of Abraham, Isaac, and Jacob living in the land of Goshen, people have been subjugated due to their differences (Ferguson, 2003, P. 102). From the Nazis to the Southern American slave owners, prejudice of one race against another has resulted in atrocities (Anthony, 2007 P.24). Michael, W (1997) says that, indeed, humans are outwardly different in appearance but the problem arises when the symptoms of the disease become evident: intolerance, separation, and hatred. This is manifested among the United Kingdom police. Racial prejudice affects everyone and we must honestly say that all people suffer from this on various levels, some high, others low (Molo, 2004). The maiden aim for this research paper is to

Sunday, August 25, 2019

Why do some protest groups use violence in the context of collective Essay - 1

Why do some protest groups use violence in the context of collective action - Essay Example Social change may render certain social groups to flourish or become powerful, and politically relevant; nevertheless, the availability of political opportunities does not automatically and immediately yield to heightened protest (Tarrow 1998, p.16). Collective action mainly focuses wholly on the behaviour and/or the authenticity of certain individuals. Collective identity draws from the recognition and the establishment of connectedness, which heralds a sense of common purpose and commitment to a certain cause. Social protests performances mainly emerge from marginalized peoples and oppositional struggles, whereby individuals utilize protests to counter hegemonic strategic via which underrepresented groups challenge the dominant social order and source of change. The representational apparatus provided by social protests serves to reinforce, re-articulate, and re-imagine the objectives of both social and political resistance (Oliver 1993, p.271). Traditional explanations to why indi viduals engage in political violence emphasize that deprivation, characteristically in the form of economic inequality generates grievances and discontent that trigger rebellion and social revolution (McCarthy and Zald 1977, p.1212). The paper explores why some protest groups utilize violence within the context of collective action. Background The contentious politics that were prominent in the 1960s and early 1970s heralded fresh energy to a subject that, for an extended period, has dominated scholarly and political legitimacy. In the 1970s, two prominent paradigms emerged from the welter of studies triggered by the disorderly politics of the 1960s, namely: the resource mobilization (RM) approach to social movement organizations within the US and the new social movement (NSM) approach within Western Europe (Thompson 1971, p.76). Historically, breakdown theory was the dominant theory that guided sociological study of collective action; nevertheless, this theory as deemed to be incre asingly incapable of accounting for the contemporaneous events (Useem 1998, p.215; Aminzade et al. 2001, p.12). Resource mobilization theory replaced breakdown theory as the dominant paradigm. Both resource mobilization and breakdown theories explain diverse forms of phenomena, and both are pertinent in helping account for the full range of forms of collective action (Goodwin and Jasper 2009, p.10). Use of Violence in the Context of Collective Action Collective action represents actions by group members directed at enhancing the conditions of the group as a unit such as petitions, demonstrations, riots, boycotts, and sit-ins. There are numerous explanations to collective action such as relative deprivation, intergroup, social identity, intergroup emotion, and resource mobilization theories. Classical theories indicate that people mostly protests to express their grievances emanating from frustration, relative deprivation, or perceived injustice. Scholars of social movements have hig hlighted that efficacy, opportunities, and resources can be utilized to predict protest participation (Tilly 2008, p.8). Politics within networks enhance efficacy and transform individual grievances into shared grievances and group-based anger that yields protest participation. At the heart of social movement phenomena is the protest event, whereby protest events are in numerous ways the front line of action within social movements. It is essential to recognize that social protests represent a collective action that is not synonymous with collective behaviours such as riots. Collection

Saturday, August 24, 2019

Valuation Methods of Collateralized mortgage obligations Dissertation

Valuation Methods of Collateralized mortgage obligations - Dissertation Example ted For Research Study 55 Data Analysis 57 Data Analysis Technique 57 Appropriateness of data analysis technique 59 Description on Questionnaire Formulation 61 Findings of the Research (CMO Valuation Model) 62 Reliability on the Data 62 Chapter Summary 63 Chapter Four: Methods 64 Introduction 64 Research Method 64 Research Design 66 Population and Sample 67 Sampling and Sampling Technique 67 Research Instrument 68 Primary Data Collection 69 Secondary Data Collection 70 Ethical Issues 71 Chapter Five: Findings 72 Introduction 72 Overview of the Study 72 Findings 72 Research Question One 73 Degree of relationship between the yield of FNMA-supported tranches and return on the US treasury bonds 73 Effect of Projected and Market Consensus on Subprime MSRs 76 Research Question Two 77 Relationship between the yields of FNMA-supported tranches and the assumption of the prepayment speed 77 Factors influencing the term structure of interest rate 79 Review on Subprime Meltdown 80 Research Quest ion Three 80 Fundamentals of CMO valuation identified through secondary data collection 81 Research Question 4 91 Quantitative representation of the MSR Price Impact 91 Component MSR Price Impact: 91 Total MSR Price Impact: 91 Impact on Sample Residual Interest is More Significant: 92 Fixed-rate mortgage valuation methodologies 93 Benchmark method 93 Rapid approximation method 96 Rational valuation approach 97 References 98 Dedication Acknowledgments Abstract Chapter One: Introduction This proposed quantitative descriptive research study discusses the various valuation methodologies of prepayment speeds with Collateralized Mortgage Obligations (CMO) tranches and analyzing how the prevalent valuation methods are useful in current complex economic scenarios. The objective of this study is primarily to examine the applicability of various methods of valuation for pricing the CMOs so as to determine their validity in the present economic conditions. Chapter 1 provides a broad overview o f the various facets with respect to the valuation of the prepayment speeds within CMO tranches. Collateralized Mortgage Obligations are derivative debt instruments that can be aptly defined as the claim that arises out of cash flows from large pools of home mortgages. The structure of CMO is such that once the principal and interest received from the mortgage holders it is distributed to tranches. The principal amount, the coupon rate, the prepayment risk and the maturity date differ among the tranches (Economy Watch, n. d.). CMOs are derivative debt instruments providing both retail and institutional investors the possibility of higher yields with a Standard & Poors AA

Friday, August 23, 2019

Strategic management case study-skf case Essay Example | Topics and Well Written Essays - 3000 words

Strategic management case study-skf case - Essay Example At such a point in time when the world has become a global village, and when companies need to put extra efforts to get noticed by the customer, it is important for a company to stay focused. SKF, the company which is the focus of this report, needs to maintain a consistency strategy when it comes to the future and what it aims to do with respect to the new decision that it has to make. SKF needs to maintain the strategy that they have been using till now, that is, to price their product at a premium price and play on value based selling, that is, they have designed and developed their product so well that it comes out to be one of the best in the industry and the perception that they have created in the eyes of the consumer is that of a premium product which cannot be easily replicated by any other company. It is important for companies to follow such a strategy in this clutter filled world, and where product differentiation can only be done in perceptions, and not in reality. SKF is thinking of changing its value based strategy to the strategy where it will compete on price and cater to the markets where price is an important factor. This will be a very wrong strategy for SKF, since till now, they have been premium priced and price was never a factor that they even considered. Customers came to SKF when they wanted true value for whatever money that they give. There will be value that will be reflected in the products that they receive. It was a win-win situation for both the consumers and the SKF Company. But this decision to change the strategy to compete on price would take the organization into a wrong direction, and they need to correct themselves as soon as possible. One of the first things that they need to remember is that there should be consistency in the strategy of a company, especially when the strategy has helped the company build the brand name that it has, and has helped it secure the

Criminal Liability -Theft and Fraud Essay Example | Topics and Well Written Essays - 2000 words

Criminal Liability -Theft and Fraud - Essay Example The British Criminal Code provides for a number of ways to become involved in the commission of an offence: by actually committing the offence, by aiding and abetting the principal, by engaging oneself with others in a criminal activity with a common intention (Aquinas, 1988) (Ali was participant in Junaid's activity), by counselling another to commit an offence and by being an accessory after the fact. In general, anyone who knowingly encourages or facilitates the commission of an offense or impedes its prevention is a party to the offense (Aquinas, 1988). While one commonly uses the expression "aiding and abetting", the two are different concepts and either of them is ample to engage criminal liability. Whether liability for one's action lies through either concept, it must be accomplished "for the purpose of" aiding or abetting, which simply means "intentionally" as opposed to by accident. There is no need to show that the accused desire the illegal end to occur. One who is indifferent to the fact that his action aids or abets the perpetrator of an offense is therefore guilty. The fact that the principal cannot be convicted is not a block to a successful prosecution of other parties. An attempt to commit an offense is also prohibited.   The acts do not have to be illegal or morally wrong. "Conspiracy is an inchoate or preliminary crime, dating from the time of Edward, but much refined in the Court of Star Chamber in the 17th century. Notwithstanding its antiquity, the law of conspiracy is still uncertain. It can, however, be said that the indictment for conspiracy is a formidable weapon in the armory of the prosecutor. According to the cases, it permits a vague definition of the offense; broader standards of admissibility of evidence apply; it may provide the solution to prosecutorial problems as to situs and jurisdiction: see Director of Public Prosecutions v. Doot, [1973] A.C. 807." These words capture the reality of the conspiracy offense (Aquinas, 1988). The essence of the crime is the agreement between two or more persons to commit an offense. When the agreement is reached, a conspiracy is complete and one cannot withdraw from it. It is irrelevant that the object of the conspiracy is not achieved. A person may become part of a conspiracy by aiding or abetting the conspirators. The Supreme Court of Canada also decided that a conspiracy may be prosecuted in Canada even if the actual crime is committed in another country, as long as there is some important link with Canada. Essentially, theft is committed when anything is fraudulently and without color of right taken or converted with a target to leave without thereof the owner or person who has a special property or concern in it of the thing or his property or concern in it. The intent may be to deprive the person of the property either temporarily or absolutely, although this is not the only proscribed intent.  

Thursday, August 22, 2019

Integrated design Essay Example for Free

Integrated design Essay The mower in production has a problem which can be solved in multiple ways. The problem is not due to the design inefficiency but due to the diversity of target consumers (the consumers range from owners of flats to owners of four bedroom houses). It is about the length of the flex lead. The problem actually has two parts. The committee was of various opinions. A final decision has to be made regarding this. The second part is that depending on the decision the design and technical aspects are decided. The first problem is a managerial problem. The diversity of opinions can be due to various reasons. The reason for this has to be found out and a conclusion has to be drawn from this. The second part is the design. It depends on the solution of the first part of the problem. Various opinions depend on the nature of the basis on which the opinions are based. Opinions drawn on vague guesses of the nature of the target customers will result in difference in opinions. In this case if there is no statistical data about the percentage of the type of customers then the opinions of each can be different from other. Even if there is a firm statistical data there can be different opinions due to difference in view points. Glass which is half full is half empty. The opinions about this change depending on whether one considers it as half full or half empty. The design of the mower as said before depends on the decision about the length of the flex. The technical issues like surge suppression and earth breaking are to be considered depending on the decision of the board. A decision has to be made regarding the length of the flex lead. A committee can be setup to survey the number of houses which are flats, four bed room houses etc. The percentage of each type of houses is then found. This work can be done either by the company itself or it can be outsourced to some agency or company which has some considerable expertise in this. After categorizing the houses into different categories the houses the length of flex lead required for each type of house should be found. It will be good if a few customers are involved in this and their opinion is taken into consideration regarding the length of the flex lead. The customers will know the specific problems regarding these things which can be a great asset to the company in designing the product. At this point we have percentage of each type of house and the length of the flex required for each type of house. The company can take different courses based on this data. The company can identify the type of houses which form the major percentage of total houses and can design the mower accordingly and sell them. It can produce different type of mowers in amounts corresponding to the number of that type of houses. This depends on the capacity of the company whether it can afford to make different type of mowers or it can only make a single type of mower. The above methods can be used or new technology can be used to solve this problem. A mower with variable flex lead can be designed using new technology to prevent surge suppression and earth breaking. A single mower would cater to the need of every type of house. This would be an innovative solution. The company has to decide upon it course of its action depending the constraints of the company.

Wednesday, August 21, 2019

Consumers Perception Towards Online Shopping In Singapore Marketing Essay

Consumers Perception Towards Online Shopping In Singapore Marketing Essay During the few past years, the Internet has grown to new levels not even envisioned. The Internet changes the way people live, work and purchase. Demangeot Broderick (2007) state that Internet provides great advantages for the consumers, such as variety of products, services and prices from different suppliers Using Internet facilities, commercial organisations can develop new markets; and improve the competitiveness of the company (Eastlick et al., 2006). However, the Internet may also create threats to some organizations. The number of Internet users is increasing year by year. Figure 1 shows the growth of Internet users globally. The fast growth of e-shopping and the increasing number of e-retailers has created an extremely competitive market place(George, 2004). Competing issues create a need for managers to understand factors which influence people using Internet as a new purchasing media (Fraser et al., 2005). It is becomes essential for the companies to understand benefits and risks of online shopping in order to underline the benefits and minimize risks. Figure 1 Growth of Internet Users in the World Source: http://www.internetworldstats.com/emarketing.htm 1.2. Background of the Country Singapore is an industrial country, which has a highly developed market- based economy. Total Singapore population is 4,987,600 (Singstat, June 2009) from which 72.4 per cent has an access to Internet at home (Singapore Internet Statistics, 2010). Figure 2 illustrates the Internet users growth in Singapore, which is 180.8per cent for the nine years period from 2000. Figure 2 Internet Usage http://www.internetworldstats.com/stats3.htm#asia Based on research, conducted by IPSOS in 2007 (Figure 3), more than 60% of online users in Singapore use online shopping, which gives high potential for online trade market. Figure 3 Online shopping statistics Source: http://www.insightbureau.com/insight_reports/mc_insights/2008_Q3_OnlineShopAP.pdf 1.3 Objectives, research questions and research hypotheses This study is intended to understand the buying process and behaviour of online consumers. The basic objectives of the study are: To determine consumer behaviour in online environment To identify the main influencers in online buying process To identify peoples attitude towards benefits and risks of online shopping Based on objectives identified, the following questions are raised: What are the main factors that influence consumer purchasing decision online? Is there any differences between online and offline consumer? What consumer segments are more likely to shop online? Is there any connection between identified factors and consumer segment groups? Based on objectives and questions above, conceptualizing framework for this research has been developed. The important variables are clearly showed through logical reasoning in the framework. Based on this framework, the null and alternative hypotheses are developed as the followings: There is a difference as well as no difference in perception on benefits of Internet purchasing between online and offline consumers There is a difference as well as no difference in perceived risks towards Internet purchasing between online and offline consumers 1.4. Scope With the fast growth of Internet commerce it becomes very important for companies to study consumer behaviour (Jobber, 2001). If the influencing factors in the online buying and selling process can be identified, than it can be meaningful for the online companies to give much emphasis on these factors. The majority of companies want to increase the overall volume of the business because this can lead to significant reductions in costs and competitive advantages (Kotler, 2003). This research will pay attention to consumer behaviour in the online environment, providing theoretical information about online purchasing behaviour of the consumers. Additionally, the present study is an attempt to get insight into peoples perceptions towards online shopping in Singapore. This study will specify on the perception of Internet users towards benefits and risks associated with online shopping and how company can avoid customers concerns about online shopping. Chapter Two: Literature review 2.1 Introduction Currently, e-commerce is getting huge attention from a range of organisation and customers due to the fact of fast Internet development (Lee Lin, 2005). Online shopping, as a part of E-commerce, is becoming a tendency in Singapore (Rotem-Mindali et al., 2006). Online shopping has both advantages and disadvantages. Purchasing behaviour is determined by consumers view of benefits and risks of online shopping. This literature review intends to review of all the relevant factors. Firstly, the definition of e-commerce and its growth will be defined. Secondly, theories regarding consumer perception and behaviour will be reviewed. Finally, the main benefits and risks will be summarized. 2.2. Definition of E-commerce There are different definitions of what is e-commerce. E-commerce is a very broad term used to describe process where electronic connections make resources exchange be possible (Vrechopoulos et al., 2001). In context of the Internet, E-commerce is used as a general term. The definitions of e-commerce are focused on buying and selling using the Internet. According to Mark van Ketel and Tim D. Nelson (2009) electronic commerce (e-commerce), a subset of e-business, includes selling goods and services, as well as purchasing and exchanging over the Internet. Torkzadeh and Dhillion (2002) describe e-commerce as a purchase and sale over the Internet. This includes the process of finding a product, ordering and receiving as well as costs and benefits of a product or service. Generally, E-commerce can be broken into two main categories: Business to business (B2B) is where business makes online transactions with other businesses (Turban et al., 2003) Business to consumer (B2C) is where online transactions are made between a business and an individual consumer (Wareham, 2000). 2.2.1 The importance of E-commerce According to Carla et al. (2006) Internet is a powerful instrument to buy, sell and distribute goods and services worldwide in a fast growing supply chain. Internet provides potential market that has no or little restrictions, such as geography or time (Blackwell, 2000). E-commerce provides enormous opportunities for growth and development. Through the Internet people can communicate with each other over vast distances. It allows commercially moving business and people to a market in which everything that is for sale is advertised and everything that is wanted for purchase is requested somewhere (Kanttila, 2005). Over the years E-commerce changing the way business used to work. According to Wareham, E (2000) Expedia sells more than $ 14 million worth of hotels and airline reservations a day from its web-site Federal Express in Singapore began to save $10,000 a day by creating customer service department online (Kotler, 2003). The Internet provides businesses with the opportunity to sell their products to millions of people, 24 hours a day (Bellman, 2006). Buyers and sellers can thus contact each other with no or little cost. The development of e-commerce is often claimed to be reshaping almost all industries (Pawlyna, 1999). It influences the operation of organisations and peoples activities greatly and brings fundamental changes to the way that business is conducted. E-commerce can enhance organisations performance by tangible and significant operational efficiency (Mutz, 2005). 2.2.2 The growth of E-commerce and online shopping The B2C and Internet usage rates are making stable progress and rising constantly. Electronic retailing, the B2C segment of e-commerce, is set to grow exponentially in the next few years (Siyal et al., 2006). Total online retail revenue is increasing year after year and expecting to increase in the nearest future (Shu et al., 2006). The increase of B2C e-commerce cannot help but to impact peoples attitude to buy goods. Currently, one in ten Singapore adults can be categorized as frequent online purchasers (Shun, 2006). Presently around 72.4 per cent of Singapore households are web-connected (Singapore Internet Statistics 2010), also this position is expected to grow over the next decades (Singstat, 2009) In the early stage of growth, e-retailing, the B2C segment of e-commerce is set to grow exponentially in the next few years (Tan, 2007). However, online shopping still remains as yet a minority pursuit with purchases concentrated in a comparatively narrow range of categories such as clothing and software, music and travelling (Shun, 2006). 2.3. Segmentation of Online consumers Vrechopoulos et al. (2001) segmented e-shoppers based on demographic, behavioural and attitudinal characteristics. Figure 4 illustrates classification of different segments of online shopping. Brown et al. (2003) classify e-shoppers according to purchasing motivations for shopping, which illustrated in Figure 5. Figure 4 Vrechopoulos, Siomkos and Doudikiss Segmentation of e-shoppers Characteristic On-off shoppers Online shoppers Interested in online shopping Social and demographic variables Gender Mainly men Men and women Age 25-44 18-44 Education University and postgraduate studies University studies Level of income Above average Average or above Material status Single Married Job Scientists, professionals, working in the private sector Scientist, public and private sector employees Attitudinal variables Home shopping motivations Time saving, opening hours Time saving, opening hours, exclusivity Online shopping motivations Fast delivery, low prices, range of products and opening times Home delivery, low prices, range of products and opening times Preferred payment method Cash on delivery, credit cards Cash on delivery Willingness to pay more than through traditional channels No No Willingness to pay delivery costs Yes Yes Source: Adopted by an author from Vrechopoulos, A., Siomkos, G. Doudikis, G. (2001) Figure 5 Segmentation of online consumers according to purchase motivations Type of shopper Purchase motivations Personalised shopper Personal relationship with the seller. Service adapts to shoppers needs Recreational shopper Enjoys the act of shopping Economic shopper Achieve the nest quality-price relationship for the purchase Involved shopper Enjoys shopping and values personal relations Convenience shopper Values time and effort. Enjoy reduced prices Local shopper Loyal to a brand or shop in their local area Apathetic shopper Rejects the act of shopping. Values the convenience of Internet Source: adopted by an author from Brown, M., Pope, N., Voges, K., (2003) 2.4 Consumers behaviour theories 2.4.1 Consumers perception and consumer behaviour Pawlyna (1999) identified perception as an initiator of behaviour. Additionally, perception can be considered as a process of information extraction. Even in the same reality, different people tend to perceive differently. Its vital to understand, that peoples perceptions are more important than the reality in marketing (Kotler, 2000). The factors, which influence consumers purchasing behaviour online can be identified by understanding customer behaviour. In most studies perception identified as input, while behaviour as output, and treated as two separate phenomena. Rotem-Mindali (2006) suggested that perception and behaviour are two sides of the same phenomenon and are closely related to each other. Current study considered perception and behaviour as one integral part in order to understand customer perception and reasons which affect it. 2.4.2 Consumer decision process There are several models (see Appendix 1), which describes customer purchasing behaviour, though they all have similar attributes that should be considered as fundamental stages upon which the consumers behaviour is developed. Figure 6illustratesmain steps involved in consumer decision process. Figure 6 Consumer decision process model Source: Adopted by an author fromhttp://tutor2u.net/business/marketing/buying_decision_process.asp Predispositions (Before Purchase): This stage includes past experiences, customer own personality and self-concept, attitudes and opinions in general, as well as on specific products. Product Need: Buyuko et al. (2004) stated that buyer recognises a need which can be satisfied by a product or service, as a result of either cognitive activity or some environmental stimulus. It can be simplified that the need is often caused by internal or external stimuli. Information Search: The search may arise on an internal and external basis (Goh, 1999). According to Donald (1974) this stage includes all searches of the internal and external environments for the alternative solutions as well as for information which can help in evaluating of those alternatives. The search for the information usually includes previous experiences and should be relevant to the present purchase situation. Evaluation of Alternatives: This stage involves comparison of alternatives from physical and cognitive activities. Consumers compare various brands by taking in consideration several attributes (Kotler, 2000). Attributes used for the evaluation of alternatives by consumers are also known as choice criteria. Figure 7shows a summary of these choice criteria. Additionally, differentiation and number of alternatives, time pressure as well as level of involvement will reflect the extent of problem solving. As shown in Figure 8the extent to which customer involved in decision making process influence each stage of customer decision making process. Figure7Choice criteria used for the evaluation of alternatives by consumers Source: Adopted by an author from Bellman, S., Johnson, E. J., Lohse, G. L., Mandel, N. (2006).   Figure 8 Purchase Involvement and Stages of consumer decision making process Source: http://www.slideshare.net/roymogg/marketing-focus-on-the-customer-presentation Purchase Activity: This stage consist of customer involvement in making an actual financial decision as well as direct physical activities involved in decision making process about making purchase or not. Also this stage includes the actual transaction. However, customer decision can be postponed, modified, or avoided due to influence of perceived risk involved in purchase decision (Kotler,2000). Therefore, it is essential for marketers to recognize and understand factors that might provoke perceived risk and find out solutions to minimize that (Bellman et al., 2006). Post Purchase Behaviour: According to Kotler (2000) the current stage primarily concerned with product or service purchased by the customer. This level requires customers experience of satisfaction or dissatisfaction about purchased product or service, which further will influence subsequent behaviour of consumer. According to Fox all et al (1998) satisfaction or dissatisfaction created by product or service will make major impact on future purchase decisions. Predispositions (After Purchase and Use): After the process of purchasing the buyer (or non- buyer) should be left with cognitive content (Gunasekaran et al., 2004), which can be differ from that which present at the early stages. Consumers attitude, information and experience may be changed due to factors of time and events (Hawkins, 1989). All of the above can influence the future purchase decision of the same type. 2.4.3. Consumer behaviour in Online Environment When consumers shop online, they perform a similar sequence of tasks to offline shoppers (Mowen et al., 2003). Besides, online environment provides more information regarding each alternatives, also online environment is more flexible and time saving. Internet has significant impact on each stage of traditional decision making process. Final customer decision depends on several factors, which are illustrated in Figure 9. Figure 9 Main factors that influence customer purchasing decision Source: Adopted by an author from Buyuko Zumi; Kan, Gulcin (2004) Figure 9 presented factors, which lead to the decision process, which is described below. Problem recognition: Feeling the need or recognize the problem is the starting point. The Internet can generate the need or problem by itself and also can encourage customers to start the information search process (Breitenbach and van Doren, 1998). Information Search: Internet is one of the powerful sources of information, it has great advantages to store and process the information (Buyuko Zumi, 2004), and due to the above Internet has a deep impact on the Information Search stage. According to Wareham (2000) Internet provides wide access to information base for the consumers. Comparing to the traditional environment Web is less costly and require less time for information search (Turban  et al., 2002). One of the important differences between online and offline environment is the costs for the characteristics and attributes for which information can be obtained, are usually lower in online atmosphere (Kanttila, 2005). Still, the Internet has far less impact for the products that are perceived as low risk and that are bought frequently (Mutz, 2005). Additionally, the Internet is much less effective for value expressive products than for functional products, which attributes can be easily compared online (Rayport et al., 2003). Product Evaluation: This stage requires customers to make final value judgment through evaluating different information. The main benefit of online shops is their ability to store large amount of content at a relatively low cost (Rotem-Mindali et al., 2006). Thus, this can be turned to advantage when customers evaluating the product. On another hand, Internet provides lack of tangibility, which leads to difficulties in evaluating products. Purchase Activity: Current stage involves issues regarding transactions, which include the following steps: Agree contractually on purchase Pay for the purchase Wait for the delivery Receive physical delivery This stage can be influenced by different consumer-related factors, such as price, trustworthiness, availability or diversity of choices. According to Jobber (2001) this stage is also influenced by customer involvement, which is shown in Figure 6. Thus, customer will carry out very extensive evaluation when the purchase is very involving. On the contrary, purchases with low involvement will lead to simple evaluation and quick decision making (Schiffman, 2004). Post Purchase Activities: This stage is concerned with the satisfaction or dissatisfaction after purchase is made (Solomon et al., 2002). Internet provides good potential for customer satisfaction, as well as help to retain them. Web site can provide free customer support services, which will encourage repeat visits. Additionally, value-added services or feedback can be provided to the customers in order to retain existing customers and attract new (Siyal et al., 2006). 2.5. Benefits of the online shopping As discussed previously, there are a lot of factors that affect consumers purchasing process. Those factors reflect both, advantages as well as disadvantages of Internet as a shopping medium. The advantages or benefits of online shopping considered by customers described as the followings. 2.5.1 Convenience The customers expect online shopping to be easier and more convenient than as compare to traditional (Shun, 2006). Convenience is appearing very obvious at the stage of information search. According to Kotler (2003) The Internet is an almost perfect market due to the fact that information provided immediately and buyers can make a comparison of offers globally. As a result, consumers require minimal effort and time in order to compare and contrast competitive products. 2.5.2. Time saving According to Rayport et al. (2003) those who buy clothing on Web most often appreciate time saving. The process of locating merchants, finding items and procure offerings is easier in online environment (Maruca, 1999), which means online shopping can economize on time. Consumers do not require leaving their houses and spent time for travelling in order to make merchandise. Additionally, online environment allows browsing for needed items by size, category or price. Browsing and time benefits of online shopping represent the positive perception of e-satisfaction (Lichtenthal, 2004). 2.5.3. Product related benefits Comparing with a conventional retailer, e-retailer is able to offer a more wider range of products, because e-retailer do not have physical restrictions in terms of the amount and cost of floor space which is needed to display goods (Kanttila, 2005). Furthermore, it is less costly and easier for e-retailer to form alliances with other supplier, which brings more extensive inventories. 2.5.4. Lower price Internet enhances customer knowledge about pricing. In online environment customers are able to visit sites of competitors and compare the prices; moreover intermediaries provide price comparisons, which make process of evaluation more convenient and time saving (Gunasekaran et al., 2004). This transparency of price increases the competition between e-retailers and drives the price down. Furthermore the cost for performing online business is lower than for offline (e.g. minimal staffing cost, no retail space costs), this also lead to lower prices (Brown et al., 2003). However, some researches show those consumers are ready to pay for the online products same as for offline in exchange for the convenience (Rayport et al., 2003). 2.6. Perceived risks of online shopping Perceived risk can be defined as the uncertainty which arise when customer cannot predict the consequences of purchase decision (Farley et al., 1973). The level of risk can vary depending on individuals, personality, situation and product. However, perceived risk can be reduced to some acceptable level in any purchase situation. 2.6.1. Risk of privacy Privacy may mean diverse things to different people. Generally privacy refers to a moral right of individuals to avoid interruption interruptions into their personal life and affairs by third parties (Rotem-Mindali et al., 2006). Privacy is the main factor which stops many consumers from online shopping. Most of the time individuals get afraid that their private information can be sold, used, shared or discovered in an incorrect manner. According to Kanttila (2005)  fears and concerns of online purchasing reduce online purchasing decisions. 2.6.2. Security risk Security risks are often related to privacy issues. Security, especially online payment security is one of the main concerns for the consumers in e-shopping (Shun, 2006). Even the Internet and advanced technology improving fast, there are still high proportion of online users who are very cautious about making online purchase due to the concerns over credit and debit card security. Majority of customers have concerns whether the company is legal and private information will be not distributed to third parties, due to high percentage of hackers operating online (Siyal et al., 2006). 2.6.3. Lack of inspection before purchase Absence of direct sensory cues is another perceived risk, which is often mentioned both by marketers and customers. According to Schiffman Kanuk (2004 the fact that consumers are unable to touch products offered online is considered as significant drawback. This fact leads to more uncertainties regarding online shopping, because consumers have doubts about quality of the purchased product. This is also the reason why a lot of products which require high involvement are seldom purchased online (Rayport et al., 2003). 2.6.4. Risk of delivery Another drawback of online purchase is time between the purchase was made and time it received. When purchasing online, consumers cannot obtain the purchased product directly after transaction (Mutz, 2005). After the transaction was made the product will reach customer via home/office delivery sometime later. Therefore the reliability of delivery is another concerning issue. Additional problem which involved in delivery process is speed. One more issue to consider about home delivery is the presence of customer at home (Lichtenthal, 2004). Sometimes time of the delivery can be uncertain, and such situation can also lead to uncertainty. 2.6.5. Risk of returning Product returns are essential for the customers convenience and satisfaction. Majority of researches shows that the rate of online returns are low, however it is only due to the fact that customers find the process of returning is too complex (Constantinides, 2004). Such disgruntled customers are unlikely to continue online shopping in future (Case, 2002). Another issue in returning goods is that money usually are paid through credit or debit card, and here arise another problem of returning money back on the customer account, which depend not on e-company, but on the bank through which purchase was done. 2.7. Summary It is unarguable that the Internet has become an important part of peoples lives, enabling the fast growth of e-commerce. Currently, e-commerce is making improvements in customers satisfaction and tries to involve more people in online business environment (Chen Dubinsky, 2003). Consumer perception is the creator of customer performance, at the same time customer actions are the output of consumer perception (Citrin et al., 2000). It is useful to understand factors which influence buyers perception and purchasing behaviour. The adaptation of Internet creates a great impact on purchasing behaviour by providing more information, facilitating evaluation and decision making, and after-sales feedback. Additionally, online shopping includes different benefits and risks related to factors influencing consumer purchasing behaviour. The main benefits of online shopping are: Convenience Time saving Great product choice Product customization Lower prices The most common perceived risks of online shopping are: Privacy risks Security risks Lack of inspection Delivery issues Inconvenience of returning References Anonymous (2009) Asia Internet Usage and population [online] Available at http://www.internetworldstats.com/stats3.htm#asia [accessed 4 July 2010] Anonymous (NY) Buyer Behaviour decision-making process[online] Available at http://tutor2u.net/business/marketing/buying_decision_process.asp [accessed 4 July 2010] Anonymous (2009) Focus on customers to increase sales marketing tips[online] Available at http://www.slideshare.net/roymogg/marketing-focus-on-the-customer-presentation [accessed 3 July 2010] Ajzen, Icek Fishbein, Martin (1980) Understanding Attitudes and Predicting Social Behavior. Prentice Hall; Facsimile edition, pp. 63-245 Andreasen, A. 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Tuesday, August 20, 2019

Pestle Analysis Of The Beer Industry Economics Essay

Pestle Analysis Of The Beer Industry Economics Essay This report examines two organizations operating in the same industry, and their responses to the environment during the period 2007 to 2009. Heineken N.V (Heineken or the company) operates internationally through a global network of distributors and breweries. The company is one of the leading brewers that owns and manages a portfolio of more than 200 varieties of international premiums, regional, local and specialty beers. It owns or joint ventures 125 breweries and distributors in over 70 countries in five geographic segments: Europe, the Americas, Africa, the Middle East and Asia Pacific. It is headquartered in Amsterdam, the Netherlands and employs about 55,301 people. SABMiller is similarly engaged in the production and distribution of beer, malts and carbonated soft drinks. Its brands include international premium beers and the company primarily operates in the Americas, South Africa and Europe. It is headquartered in London, the United Kingdom (UK) and employs about 68,635 people. The companys markets its products in both the developed economies in Europe and North America to emerging markets such as China and India. SABMiller is also one of the largest bottlers of Coca-Cola products in the world. SABMillers operations segmented across beer manufacturing and soft drinks business and also has brewing interests or distribution agreements across six continents. This report critically analyzes Heinekens financial performance compared with one of its many competitors, SABMiller and examines the market conditions and economic statistics during the period 2007 to 2009. 2. ECONOMIC OVERVIEW In the report entitled Emerging or Developed Markets which will lead global economic recovery? by SABMiller Globalization Debates, it was concluded that Western developed economies will be the hardest hit by the current economic slump. The report confirmed that major nations and regions would emerge from this slump by the first or second half of 2010. The Middle East was expected to be the first to recover, followed by China and India. Canada is the highest place of the developed nations, in fourth. The United Kingdom (UK) and Italy were expected to be last to emerge into recovery. Heineken N.V. Heineken N.V. in its first trading update in 2009 made the following statement, The global economic downturn, bad weather and smoking bans caused global beer sales volumes to drop 6.3 percent in the first three months of 2009. However, better selling prices largely compensated for lost volumes, yielding a revenue decline of only one percent. In the first quarter of 2009, revenue increased 24 percent compared with the first quarter of 2008 owing to first-time consolidations and better pricing. This was partly offset by the financial impact of lower volume and unfavourable exchange rate fluctuations. Organically, revenue decreased one percent. Beer sales volumes declined across West European markets, while in Africa and the Middle East volumes grew. Organic volume was adversely impacted by a combination of factors, including the global economic downturn, unfavourable weather, the continued effect of smoking bans, distributor destocking, excise duty increases and selling price increases, Heineken said. Given this scenario, the company focused in 2009 on initiatives to reduce debt and costs, and improve the performance of newly acquired companies. In February 2009, Heineken announced a 74 percent drop in 2008 net profit but said it remained optimistic, as beer consumption was relatively resilient in hard economic times. The exceptional economic circumstances required Heineken to reduce the value of goodwill in Russia, their investment in India and the pub portfolios in the United Kingdom (UK). In Malaysia, consumer confidence reached an all-time low and with that Malaysians became the worlds third greatest savers, with more than half choosing to cope with rising costs by cutting down on their spending. Heineken in recognizing its challenges recommitted to utilizing its global marketing excellence to build its key brands across all markets and to maintaining, or where possible improving, its price positioning. SABMiller SABMiller, its competitor also reported, in a trading update, a dip in global beer volumes for  its fourth quarter of 2009, reflecting the impact of the economic downturn in its markets across Eastern Europe, Latin America and Asia. Compared to a similar basis, beer sales by volume  were flat for the 12 months to the end of March 2009 and fell by 1% in the final quarter of the year. Beer volumes on a non-comparable basis rose by 2% for the year of 2009. Beer sales suffered in the fourth quarter of 2009 due to the effects of the global economic downturn on consumer spending, the UK-listed brewer said. It added, however, that full-year sales revenue rose by high single digits, due to beer price rises, and that trading for the year of 2009 was in-line with the companys expectations. In 2009, Eastern Europe proved particularly difficult for SABMiller. Like-for-like beer volume sales in Russia fell by 7%, due to wholesalers running down their stocks amid weakening consumer confidence, although volumes were flat in the fourth quarter. SABs volumes also fell by 4% in Czech Republic for the year. Volumes rose by 18% in Romania, but slowed significantly in the second half, the brewer said. In other markets, China reported a 4% rise in beer volume sales for the year, despite a weakening economy and the earthquake in 2008 in Sichuan province, one of SABs strongholds in the country. China saw double-digit growth in the fourth quarter. SABMillers ability to contribute its business profitability was largely due to the impact of its business in Latin America and in the United States where it performed reasonably well. 3. THE BEER INDUSTRY 1The saturation of traditionally thriving beer markets such as North America and Europe has driven the consolidation of the industry. Major brewers have sought growth through strategic mergers and acquisitions, which has reorganized the industry and strengthened the market positions of the industrys largest brewers. Expansion into key emerging markets has become a strategic priority for leading firms, who are now competing for market share in several important regions of the world (Hutter, pg. 1). China In 2003 China eclipsed the US as the worlds largest beer market. Although China has low unemployment levels and growing urban centres, it is seen as the worlds next big consumer market. The local beer industry is firmly established and contains approximately 300 brewers (Slocum, et al. p. 35), à ¢Ã¢â€š ¬Ã‚ ¨primarily supplying the urban coastal areas. Many multinational firms have invested heavily in the Chinese beer market and although there is a threat of overà ¢Ã¢â€š ¬Ã‚ saturation, relatively low perà ¢Ã¢â€š ¬Ã‚ Ãƒ ¢Ã¢â€š ¬Ã‚ ¨capita consumption levels indicate that this market has room to grow. India 1India is one of the worlds fastest growing consumer markets. A rapidly growing population, an emerging middle class with rising perà ¢Ã¢â€š ¬Ã‚ capita incomes and blossoming urban centers make India a powerful emerging market. India has an established local beer industry and although perà ¢Ã¢â€š ¬Ã‚ capita consumption is low, as the country becomes more westernized younger generations have the potential to be highà ¢Ã¢â€š ¬Ã‚ volume consumers. However, regionalism, political unrest and the potential for growing pains temper this markets attraction. South Africa South Africa is one of the fastest growing beer markets in the world. This region has an active domestic brewing industry and a population of high perà ¢Ã¢â€š ¬Ã‚ capita beer consumers. Favorable agricultural conditions exist for harvesting beer ingredients and consumer tastes are shifting from sorghumà ¢Ã¢â€š ¬Ã‚ based beer toward Westernà ¢Ã¢â€š ¬Ã‚ style products creating growth opportunities for light beer and specialty brewers. However, SABMiller, one of the largest brewers in the world has roots in South Africa and has a strong market position there. Opportunity still exists in this market for brewers keen on pursuing a market thirsty for western imports. South Africas beer market provides an attractive investment opportunity for a multinational firm looking to capitalize on this regions high perà ¢Ã¢â€š ¬Ã‚ capita consumption and changing, westernized, tastes. Russia Latin America 1The early 2000s saw booming beer consumption rates in Russia, which spurred a flurry of foreign investment, but a subsequent slowdown and strict government regulations have driven this markets costs up. Russias longà ¢Ã¢â€š ¬Ã‚ standing preferences for spirits have waned and beer is now more ingrained in the culture, but brewers must now find opportunity in the higherà ¢Ã¢â€š ¬Ã‚ Ãƒ ¢Ã¢â€š ¬Ã‚ ¨margin specialty markets. Latin America is an active beer market with high growth potential, largely driven by growth in key demographics, a favorable farming climate, Brazils developing economy and Mexicos high levels of beer consumption. Supporting Data Figure 1.1 shows that China surpassed the US as the worlds larges beer market in 2003. However, as Figure 1.2 demonstrates, the country has relatively low perà ¢Ã¢â€š ¬Ã‚ capita consumption rates suggesting that Chinas growth has been driven by its massive population. Whether this unique dynamic limits growth or represents significant room for growth will be a key factor in Chinas future strength as a beer market. Figure 1.3 demonstrates recent general population growth trends for the key growth demographic of 15à ¢Ã¢â€š ¬Ã‚ 34 yearà ¢Ã¢â€š ¬Ã‚ olds. Asia and Latin America have shown significant growth while the US and Western Europe haveà ¢Ã¢â€š ¬Ã‚ ¨ demonstrated flat or negative growth rates. This is further evidence that the key growth opportunities in theà ¢Ã¢â€š ¬Ã‚ ¨ brewing industry are primarily in emerging markets, rather than traditional established markets. 3.1 PESTLE ANALYSIS ON THE INDUSTRY PESTLE is the Political, Economic, Sociological, Technological, Legal, and Environmental factors that describes the macro-environmental factors used in the environmental scanning component of strategic management. The following factors demonstrates: Political (includes Legal) The beer brewing industry is one that faces a large amount of government regulation. A cause for the large amount of regulation is due to the fact that in some areas brewers can be regulated by the federal government, state governments, and localities. The federal government has seven different areas of regulation relating to the beer industry. The area relating to breweries and beer production is the one that affects the beer brewing industry. The government agency that is responsible for regulating this industry is the Bureau of Alcohol, Tobacco, and Firearms. The bureau has issued regulations regarding brewing of beer that include restrictions on the location, use, construction, and equipment of breweries, as well as laws pertaining to the qualification of breweries and their issuance of bonds and consents of surety. Beer breweries also face brewing process regulations include mandatory approval of the formula and process for domestic flavored beers, such as lambics, and requirements for the measurement of beer. In addition, federal law imposes a special occupational tax (SOT) on all brewers. Breweries also face state regulations that vary according to each individual state in which they are located. The government regulations that breweries face help to prevent barriers to entry for potential firms considering entry into this industry. This is a benefit to the firms currently in the industry as it promotes an environment that is conducive to sustainable profits. Economic The Scope of competitive rivalry is one the best ways to identify the economic characteristics of any industry; with the beer industry the scope entails the global geographic area over which most of the leading brewing leaders compete. Penetration in the foreign market arena is becoming a key success indicator for most of the competitors in the beer industry. The market size of the beer industry is incredible. As you can see, this is a very large industry, which provides many jobs, and the market consists of many competitors, some being very large and some operating on a very small scale. The competitive rivalry is broken up into three segments, National, Regional, and Microbrewers. National competitors have wide market coverage and generally a large company. Regional competitors are smaller than National in the fact that they only distribute in certain regions. Microbrewers are the smallest of the three because their size and capacity limit them to only distribute to small geographic areas. The market growth rate of the beer industry is perplexing. Economies of scale are defined by Porter as the declines in unit costs of a product as the absolute volume per period increase (Porter 7). Therefore the greater quantity of a product that is produced the lower the cost of each will be to the producer. This creates an advantage for a high volume producer like those seen in the brewing industry. Economies of scale in the brewing industry also exist in areas other than in production and these include purchasing, distribution, and advertising. For example, national brewers achieve economies of scale in advertising through bulk media purchases and umbrella brand marketing. Local-craft brewers spend more than twice that spent by large brewers on marketing and advertising per barrel. Social Cultural Issues Throughout history there has consistently been opposition to the sale and use of alcohol. This opposition to the use of alcohol traditionally stemmed from a moral or religious opposition to the consumption of alcohol. Today however, increasingly it isnt a moral or religious reason that prompts this opposition; its the negative medical effects that abuse of alcohol has been shown to have on the human body. Society is also feeling the effects of alcohol abuse; it is because of this that Sin Taxes have been levied on alcohol, as an attempt for government to find a ways and means to profit from the sale and consumption of alcohol. Technological New harvesting and production technologies must be identified to increase process efficiency and ensure continued growth. Environmental The beverage industry is extremely competitive, with private labels greatly influencing the environment. In developing markets, the consumption of beer has fluctuated due to changing beverage preferences and relatively slow population growth among key demographics. Brewers must seek growth in developing countries such as India, China, South Africa and others, where global middle class is rapidly emerging. Therefore, players in the beer industry should look for ways to reinvent themselves in attracting the younger generations by responding to varying tastes and a wide range of products. à ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨Ãƒ ¢Ã¢â€š ¬Ã‚ ¨ 4. FINANCIAL ANALYSIS The years selected for review were 2007, 2008 and 2009. The outlook of these three years provides a perspective on general developments in the international beer industry, their effects on Heineken and SABMillers position, its profit forecast and its capital investment. It examines some key financial ratios, analyzing its profitability and liquidity making a comparison between Heineken and its competitor, SABMiller. The factors, which were used by the company, are contained in the report to shareholders by the Chairman and the Chief executive Officer and it is this report that provides the basis for our review. The analysis of operating ratios is seen in Appendix I and II. 4.1 The Chairman Chief Executive Officer Overview for 2007 2009 4.1.1 Heineken N.V. 2007 According to the review, 2007 was an outstanding year because of the following: The company achieved cost reductions New profit grew by 22.6% Beer volumes increased by 6.5% Premium segment increased by 10% Strategic acquisition Building leadership and; There was focus on selective opportunities For 2007, Heineken continued to benefit from their ability to extract value from their mature markets. In May of 2007, Heineken renewed the sales and marketing agreement in the USA for a further ten years which would significantly impact the growth segment in the US markets and secondly, they regained control of the Amstel brand in South Africa and decided to construct a brewery there. Performance for their Central and Eastern European (CEE), African and Asian markets were considered outstanding given the state of the market and showed signs of growth in profit and volumes. Consolidated volumes grew by 9 percent and earnings before interest and tax (EBIT) (beia) rose by 22 percent. With an 18 percent volume growth and 41 percent EBIT increase, Africa and Middle East region was again consistent in rowing both its consolidated volumes and EBIT (beia) and their Asia Pacific region continued its positive growth in volumes, revenue and profitability. Heinekens strategy continued to focus on ensuring that environmental and social sustainability remained high on their agenda. They strengthened their existing commitment to responsible consumption activities in partnership with their employees, the industry and third parties in order to play an active role in addressing alcohol misuse. They continued to maintain their focus on meeting the environmental and safety targets that they have set for themselves an invested in their people and business resources. 2008 2008 was considered a unique year, there was large-scale industry consolidation, a global slowdown in category growth, significant increase in input cost and cost pressures and above all, an unprecedented economic crisis. Heineken managed to maintain in this environment a strong organic growth in net profit of 11 percent, revenue growth of more than 27 percent and 16 percent increase in group volume. However, goodwill in Russia had to be reduced due to the economic circumstances as well as their investments in India and the pub portfolios in the United Kingdom. Heineken entered 11 new markets and completed the largest acquisition in their history in 2008. They attained leading positions in 59 of their 66 markets, none of which accounts EBIT (beia) for more than 10 percent. The economic downturn impacted significantly on the performance in UK and a combination of other factors such as smoking bans, excise duty increased and adverse exchange rates. In this regard, Heineken reduced costs significantly, restructured parts of their business and improved pricing in order to increased the efficiency and profitability of the UK business. Heineken continued to focus on increasing their value share in all markets by increasing the efficiency and effectiveness of their marketing investments. They also focused on reducing their debt levels and introduced a company wide program aimed at restoring their cash conversion rates to more than 100 percent by 2011. 2009 In 2009, the company focused on a creating a more globally competitive business as a number of beers showed a reduction in sales in 2008 because of the economic slowdown. Transformation occurred and focus moved to growing their brands and value share in critical markets, leveraging their leadership position and developing specific action plans to grow and strengthen their business and the category. Heineken also looked at ways to accelerate their investment in consumer focused innovation. 4.1.2 Results of 2007 2009 ACTIONS In summary, an overview of the period 2007 to 2009, will indicate that Heineken was one in which the company found its market place affected by a number of very challenging events and it responded through various interventions. At the end of the period the company was transformed and able to survive. The operating profit margin declined over the years, 2007 to 2009. Although there was a decline in operating profit, Heineken is still effective in controlling its cost and expenses associated with its business operations. After reviewing its financial statements net profit continues to grow well ahead of their forecast as beer volumes continue to grow. From 2007 to 2009, cash flow from operating activities continue to improve mainly due to: Cash flow from operations before changes in working capital and provisions increased Decrease in working capital; resulting in a positive contribution to cash flow Decrease in cash flow used in operational investing activities as a result of reduced CAPEX. Heinekens net profit has grown over the years with an increase of 11 percent between 2007 and 2008 and a further increase of 18 percent from 2008 to 2009. Despite the economic downturn, Heineken experienced the highest number and value of new acquisitions ever, however, the economic situation impacted the value of certain assets and investments, it affected foreign translation reserve, hedging reserve in equity and also impacted other net financing expenses significantly. Revenues increased over the years showing a 27.3 percent between 2007 and 2008 and a 2.7 percent between 2008 and 2009. However there was a fall in beer volumes in 2009 due to the economic environment and excise duty increases. This is reflected in the decrease in the operating profit margin. The return on equity ratio had a significant decline between 2007 and 2008. This impact came about as a result of the investments made in that year when Heineken entered 11 new markets and completed their largest acquisition in history when they acquired the Scottish and Newcastle businesses in the UK, Portugal, Finland, Belgium, Ireland, India and the USA. In addition, they acquired breweries across Europe and Africa and they began construction of a brewery in South Africa. These investments would also have impacted on the returns received in that year. Heineken continued to outperform the sector with EBIT growth over the years. In 2007, the performance from the Central and Eastern European, African and Asian markets was outstanding and began to deliver on their potential for both profit and volume growth. As in 2007, the Africa and Middle East continued to grow in volume and profits hence increasing EBIT figures while Asia Pacific region continued its solid growth record. In 2009, Heineken continues to benefit from developing markets with a further increase in EBIT. In analyzing the current ratios, the companys shows that it is unable to pay off its obligations when they become due. However it does not necessarily mean that the company will go bankrupt as there maybe ways to access financing but it shows that the company may not be in good financial health. In concluding, Heineken has a high gearing ratio and based on the beer industry this can be considered risky. This is so as shareholders are concerned at the very high level of debt relative to equity and borrowers might doubt the companys potential to service the interest in new borrowings. High gearing ratios simply indicate that a company has placed a greater reliance upon borrowing than equity to finance its operations. The higher the ratio the more highly geared or levered the company is said to be. Although it should provide a higher return to its shareholders when the economy is experiencing boom conditions, during period of increased interest rates, economic recession or simply loss of customers the opposite will apply. A company which has high gearing is particularly vulnerable and might find that it cannot continue to finance its borrowings. 4.1.3 SABMiller Analysis 2007 2007 was a successful year for the group when developing and developed market operations generated 10 percent organic growth in larger volumes and 12 percent growth in earnings before interest and tax and amortization (EBITA). SABMillers total volumes in lager, soft drinks and other beverages increased and their net cash was 22 percent above the prior year reflecting the overall strength of the trading performance and strong cash characteristics. That year, SABMiller shaped and expanded its international portfolio business. Acquisitions and joint ventures in China, Vietnam, Australia and Angola have been further steps in creating an attractive, international spread of businesses with good exposure to fast growing, developing markets. 2007 was a year of good growth with strong performance in the fourth quarter. However there were challenges in increased commodities, cost pressures and the need to rebuild share of premium segment in South Africa. Despite those challenges, progress was expected. 2008 In 2008, economies in general and the brewing sector were faced with challenges such as the economic melt down and the food price inflation. However, SABMiller beverage volumes continue to grow and the net cash generated an increase from 2007. 2008 was a year of strong growth with results continuing the trend of several strong years. 2009 SABMillers growth over the previous two years had been almost double their normal expectations, despite with the growing economic pressures on consumers. In 2009, commodity prices and the cost of brewing materials increased. However, SABMiller delivered yet another year of creditable results as beverage volumes continues to grow. The market capitalization also grew and SABMIller continued to invest in the business, with capital expenditure during the year totaling some US$2,100 million and acquisitions a further US$300 million. Despite this very significant investment, net debt at the year-end was lower than the prior year and the group remains financially strong. SABMiller continued to develop their international portfolios with joint ventures in the United States. 4.1.4 Results of 2007 2009 ACTIONS In summary and overview of the period 2007 2009 for SABMiller also found its external environment changed by circumstances and responded by a number of changes to its business model. At the end of the period, it has grown through market growth. SABMiller reported EBITA profit measures give shareholders additional information on trends and make it easier to compare different segments. Segmental performance is reported after the specific apportionment of attributable head office service costs. There has been a continued growth in EBITA margins as it grew 12% in 2007, 9% in 2008 on an organic, constant currency basis. In 2007, reported EBITA, which includes the impact of currency movements and acquisitions, grew by 22% and in 2008, SABMiller managed to maintain an EBITA of 17.4% and growth in EBITA reflects the benefits of volume and revenue increases as well as productivity. Between 2007 and 2008, net cash inflow from operating activities before working capital movements, Earnings before interest, tax, depreciation and amortization (EBITDA) rose 12% and continues to grow in the following years. The groups cash flow generation was again strong as demonstrated by the ratio of EBITDA to revenue (both metrics excluding results of associates) at 21% (2007: 22%). Total assets continue to increase over the years. Goodwill increased in 2007 and 2008 as a result of foreign exchange on goodwill denominated in currencies other than the US dollar and on the acquisition of the Fosters India business and the various minority interest acquired. However, Goodwill decreased in 2009, primarily as a result of the contribution of goodwill relating to the Miller business into the MillerCoors joint venture and the impact of foreign exchange rate changes on goodwill denominated in currencies other than the US dollar. In addition, goodwill was reduced by impairments in Europe, partially offset by goodwill arising on acquisitions in Europe and Africa and Asia. During the period there was also a marginal increase in equity earnings attributable to minorities less balances acquired as part of minority interest acquisitions. The group has a good record of generating cash, and increases in cash generation reflect growth in profitability before interest and tax payments and investment activities. 5. ANALYSIS Heineken N.V. vs. SABMiller Some Observations A SWOT analysis was conducted to compare the positioning of both companies as it relates to the industry. The following was taken from Data Monitor report (published on August 12th 2010) and these were the findings of the analysis: Heineken N.V. Strengths Strong and diverse brand portfolio. Large scale of brewery and distribution network for efficient global supply chain management Brand innovation to adjust with the changes in consumer tastes and preferences Strategic planning and cost containment measure to improve cash flow and profit margins Opportunities Rising disposal income and cultural shift towards alcoholic beverages in Asia Association with sports events enhances the companys visibility and popularity Partnerships and strategic acquisitions Weaknesses Higher debt poses liquidity problems Weak presence in the top beer consuming countries Threats Declining beer market in Europe Stringent advertising regulations for alcoholic drinks SABMiller Strengths Globally spread operations Wide portfolio of international and local brands Opportunities Partnering with big retailers Booming beer industry in China Strategic alliance Weaknesses Sluggish financial performance Weak employee productivity Weak liquidity position Threats Rising raw material prices Sluggish growth in the US and Europe Increasing labour costs The global economic environment will continue to lead to lower beer consumption and down-trading in a number of regions in the foreseeable future. Heineken N.V. However Heineken plans to continue utilizing its global marketing excellence to build its key brands across all markets and to maintaining, or where possible improving, its price positioning. Price increases will be at levels well below of those of 2009. Heineken aims to continue passing on excise duty increases through its higher sales prices. Heineken has significant market leadership in Europe and there are plans to capitalize on this opportunity despite the intense competition. However, that task would not be easy given the economic, market, consumer and regulatory dynamics across many markets. The company will leverage their leadership positions and develop specific action plans to grown and strengthen the business and the category. Heineken will accelerate their investment in consumer-focused innovation especially on the Heineken brand. SABMiller SABMiller has a record of improving its productivity over time, notwithstanding increases in capital investment and in sales and marketing expenses. In summary, the group delivered resilient underlying results over the period 2007 to 2009 despite the strong h

Monday, August 19, 2019

Personal Ecology :: Creative Writing Essays

Personal Ecology A deep desire to cry. The hanging, haunting chant of Gordon Comes at Night, waves of sweat crystallizing on the skin, loosened joints, unfolded from the lodge into the cold night air. Wiped clean, nothing to say. Reach inside for a voice, a meaning, the distance between the earth and the moon in its fullness. Which orbits which? For a year I sat in the only seat that was not part of the circle. "Me" is still a long way off. Each stanza seems a step in a different direction. For predictive value I wear my lapis necklace, just now Blackfeet-blessed. Gil will become a soulmate but for the time being he is just there. The one I adore I can barely speak to, can barely reach, although he is the nexus of my system. Letting go is a skill. But for all the growth, movement, experience—for all that, I learn, there is loss. Dances and costumes and heart-pounding drumbeats of the powwow hold the mind in temporary suspense. Men of the tribal council give away blankets, toys, dollar bills, scarcely affordable tokens of an amicable nature. I am at peace, but I feel raw, the agony of a first love and an ideal whose flaws I can never know. There is garbage everywhere on the reservation, but people leave an offering of tobacco when they pick sage or sweetgrass—a love and a hate of the land where I expected only love. I gather refuse wherever I go because work is the only sure way to avoid long awkward pauses. This fear—perhaps it is inherited, perhaps it just rubbed off on me, but it is a legacy of my mother. Pause is earned, the awe of an eagle feather pressed into the hands, the return for the playground we build. Gil works just as hard and so we work side by side, joined in this practice of leaving a record behind. Community has many meanings. Even now I know that the real beauty, the real friendship, will come later, when words can supplant presence. But I am still here, you know, extracting something and leaving something behind. If I rub my necklace I can sense the continuity with no center. Practice of leaving a record behind The possibility of a recipe. Our Ahtna friends cook a feast of fresh salmon and banok, fry bread.

Sunday, August 18, 2019

George Orwells Nineteen Eighty-Four 1984 :: essays research papers

George Orwell's Nineteen Eighty-Four 1984 Who is watching us? Who judges us? And most importantly who controls us? In George Orwell’s novel 1984, Big Brother was in charge of all these crucial aspects of everyone’s lives. This book which was written long before 1984 can really take place at anytime and anywhere. The concepts and themes of this book are very real and very frightening. May be telescreens do not exist but V-chips and Pentium III computers are very much alive. Even though we live in modern times how do we know who is insane? The world is flat and the planets revolve around Earth were once sane statements. Finally do we control ourselves in this Democratic country or are we just puppets dancing to the high and powerful affluent members of our society. Or maybe G-d himself is the one who makes us do the things we do.   Ã‚  Ã‚  Ã‚  Ã‚  The thought police seek out and cure the misguided people who simply think too much. They look at you minute by minute to see what you are doing and how u are doing it. I think more interesting than the thought police are the teaching of the morals of the land to the children. They are taught the ways of Ingsoc. They know right from wrong. One of Winston’s peers was taken away because his own daughter told the thought police on him. In this society children are at school more than they are even home. It is very possible to have a closer relationship with a teacher than with a parent. On top of that, Big Brother and the inner party teach that it is only “you and the party';. Meaning the party is very individualized. This allows the party to function very nicely because people do not make relationships with other people only to the party. People in Oceania are never left alone. If you are alone and you are not sleeping this would definitely be looked at by the thought police. To keep people occupied there are hate speeches in order to show your love to Big Brother and Hate to the opposing country that Oceania is at war with. Everyone has a job and they are many organizations to belong to like the junior anti-sex league.   Ã‚  Ã‚  Ã‚  Ã‚  Surveillance is a frightening thing. If you knew that everywhere you turned you were being recorded it could drive you crazy.

Saturday, August 17, 2019

Case Study – George David

CASE: 1 GEORGE DAVID 1. What makes George David such a highly regarded manager? * Best Educated Manpower One of George David's most notable good deeds was to set up a landmark of $60 million per year employee scholarship program in 1996. The program helps each UTC employee who wants for education to pays their college tuition, books, fees and even time off to study. David also extended benefits for four years to laid-off workers who had been relocated.He even added another incentive with amount $5,000 worth of company stock to all employees who complete associate degrees and $10,000 worth of company stock to those who complete bachelor degrees or higher. In the first three years of the program, UTC has spent more than $100 million on tuition, fees, and books. According to David, he said that the employee scholarship program was designed to meet his goal of having â€Å"the best educated workforce on the planet†. When David first proposed the program in 1995, other executives b elieved the employees would take their new degrees and use them to benefit other employers.However, the evidence shows that employees who go through the program had become more loyal to UTC, he successfully retained his employees and raised the skill level of workers as the turnover rate for these employees has been about one-half that of the overall workforce. * Reorganizing UTC with a focus on Business excellence During his tenure as CEO, David thoroughly reorganized UTC. He dramatically cut down the size of head office and decentralized decision making to business divisions.He also developed a new financial reporting system that would give him good information about each division and make it easier to hold divisional general managers accountable for their performance respectively. In the other hands, he also set demanding goals for earnings and sales growth for the employees and motivate them by implementing ACE program for improved productivity and building a strong management t eam that yields big results. * Concerned About Employee’s Safety David was adhering to social responsibility. Despite his interest in shareholder value, he was concerned about his employee’s safe and health.David wanted each employees adhere to the highest ethical standards, which the company having minimal environmental impact. He strongly advocates the Employee Safety at the place of work, employee’s safety always remain as the top consideration in the workplace. * A mix of toughness and sensitivity David has the right mix of toughness and sensitivity. He would offer help to people struggling at work but would not tolerate repeated instances of incompetence. David is demanding but he also makes it a point to listen to his people. 2. How does David get things done through people?David had all the qualities, skills of an efficient Manager. With the conceptual, Technical and managerial skills that he possessed, David had the ability to get things done through peo ple. He combined some of the best Japanese manufacturing techniques with an intense focus on shareholder return (something Japanese companies are not particularly known for). That’s how he achieved exceptional performance over a long period. With the help of Yuzuru Ito, he developed a program known as Achieving Competitive Excellence, for improving product quality, increased productivity and to lower the cost of production.His employee friendly schemes like Scholarship program, Safety at work ; Corporate Responsibility towards the environment made him popular among employees and they became more loyal to the company. The manufacturing operations that were susceptible to quality improvements, efficiency improvements, and technological improvements were the process disciplines of UTC under David’s presidency. David has the right mix of toughness and sensitivity. He would offer help to people struggling at work but would not tolerate repeated instances of incompetence. Da vid is demanding but he also makes it a point to listen to his people. . What evidence can you see of David’s planning and strategizing, organizing, controlling, leading, and developing? David’s planning, organizing, controlling, leading and developing the company made UTC see greater heights. Planning ; Strategizing: One of the first things David did when he became CEO of UTC was to bring in Yuzuru Ito, the quality guru who helped him formulate his guiding principles of leadership. With the help of Yuzuro, David rolled out the ACE program which improved the production quality, increased productivity and lowered the cost of production.He started the Employee Scholarship Program due to which, the employees became more loyal to the company becoming partners of growth. It also resulted in a better skilled workforce. Organizing: During his tenure as CEO, David also radically reorganized UTC. He had to take some harsh decisions and had to lay off many employees. Controlling ; Developing: To have more control on the staff and to make them accountable, he developed a new financial reporting system that would give him good information about how well each division was doing.Hence the divisional general managers were accountable for the performance of the units under them. He then gave demanding goals for earnings, cost reduction, increased sales and pushed them to improve processes within their units. Leading: David stressed on goal setting and holding people accountable. He insisted that UTC employees adhere to the highest ethical standards. Thanks to his quality-improvement techniques, UTC was running to achieve maximum efficiency. 4. Which managerial competencies does David seem to posses? Does he seem to lack any? David had all the qualities, skills, competencies of an efficient Manager.With the conceptual, Technical and managerial skills that he possessed, David had the uncanny ability to get things done through people. David has the right mix of tou ghness and sensitivity. He would offer help to people struggling at work but would not tolerate repeated instances of incompetence. David is demanding but he also makes it a point to listen to his people. He had the foresight to see how a superior education funded by the organization would lead to not only a better qualified workforce but would also in turn result in long term loyalty.David also showcased his ability to take tough decisions by decentralizing and laying excess staff in order to have a lean and effective business. He directed his accounting staff to develop a new financial reporting system that would give him good information about how well each division was doing and make it easier to hold divisional general managers accountable for the performance of the units under them. David set demanding goals and encouraged his general managers to deliver them by using the ACE program. He worked towards building a positive work culture with values and ethics at the heart of ope rations.