Sunday, October 13, 2019
An Analysis of Arthur Links Book, Woodrow Wilson Revolution, War, and
In his book, ââ¬Å"Woodrow Wilson Revolution, War, and Peaceâ⬠by Arthur Link, Link walks step by step through President Woodrow Wilsonââ¬â¢s career beginning from the time he was born and focuses on his role during and after World War I. Through his entire book, Link acts as an apologist for the actions of Wilson as well as argues against the opinions of other historians. Link speaks about Wilson almost as if he idolizes him; as if despite what other historians and public opinion might say that he can do no wrong. Link starts his book by giving details on Wilsonââ¬â¢s life starting in Staunton, Virginia on December 29, 1856 when Wilson was born.(Link.pg1) Wilson was a scholar. He attended Davidson College and Princeton University. Next, he attended University of Virginia where he studied law. Finally, Wilson studied political science and history at John Hopkins University. Next, with his numerous degrees and extensive knowledge, Wilson taught at a verity of universities between 1885 and 1902, as well as being the dean of a graduate school in 1910. (Link.pg1). Finally in 1912 Wilson ran for president of the United States and won. According to Link, Wilson served two consecutive terms totaling eight years in office. During his time in office Wilson faced quite a few hardships, but perhaps the most significant event that Wilson was consumed in was World War I. From the beginning of his presidency Wilson was always looking ahead for long term goals and had a strong faith in democracy. Wilson had always had an interest in foreign affairs and policies, and was determined to end US isolation through practice of fair trade. (Link.pg3) Wilson took a personal role in foreign affairs as well as ones on the US home front. He was also extremely an... ...dows them greatly. Linkââ¬â¢s book was published in 1979 and was written based upon privet manuscript collections, government archives from the U.S, Brittan, France and Germany, as well as newspapers. Link also reaches from monographs, biographies, and articles from numerous colleagues. (Link.pg 129) Each of these sources are solid and reliable sources, and were well used to put together a book packed with information on Woodrow Wilsonââ¬â¢s life. Link uses many firsthand accounts from Wilson himself, but seems almost suspicious of accounts that were not presented first hand. Though Link is extremely selective in what he chose to present, the book clearly presents these facts, but has a very bias opinion of Wilson as discussed earlier. Linkââ¬â¢s evidence, though selective, fits nicely in the monograph and makes the aspects of Wilson that he does cover clear and easy to read An Analysis of Arthur Link's Book, Woodrow Wilson Revolution, War, and In his book, ââ¬Å"Woodrow Wilson Revolution, War, and Peaceâ⬠by Arthur Link, Link walks step by step through President Woodrow Wilsonââ¬â¢s career beginning from the time he was born and focuses on his role during and after World War I. Through his entire book, Link acts as an apologist for the actions of Wilson as well as argues against the opinions of other historians. Link speaks about Wilson almost as if he idolizes him; as if despite what other historians and public opinion might say that he can do no wrong. Link starts his book by giving details on Wilsonââ¬â¢s life starting in Staunton, Virginia on December 29, 1856 when Wilson was born.(Link.pg1) Wilson was a scholar. He attended Davidson College and Princeton University. Next, he attended University of Virginia where he studied law. Finally, Wilson studied political science and history at John Hopkins University. Next, with his numerous degrees and extensive knowledge, Wilson taught at a verity of universities between 1885 and 1902, as well as being the dean of a graduate school in 1910. (Link.pg1). Finally in 1912 Wilson ran for president of the United States and won. According to Link, Wilson served two consecutive terms totaling eight years in office. During his time in office Wilson faced quite a few hardships, but perhaps the most significant event that Wilson was consumed in was World War I. From the beginning of his presidency Wilson was always looking ahead for long term goals and had a strong faith in democracy. Wilson had always had an interest in foreign affairs and policies, and was determined to end US isolation through practice of fair trade. (Link.pg3) Wilson took a personal role in foreign affairs as well as ones on the US home front. He was also extremely an... ...dows them greatly. Linkââ¬â¢s book was published in 1979 and was written based upon privet manuscript collections, government archives from the U.S, Brittan, France and Germany, as well as newspapers. Link also reaches from monographs, biographies, and articles from numerous colleagues. (Link.pg 129) Each of these sources are solid and reliable sources, and were well used to put together a book packed with information on Woodrow Wilsonââ¬â¢s life. Link uses many firsthand accounts from Wilson himself, but seems almost suspicious of accounts that were not presented first hand. Though Link is extremely selective in what he chose to present, the book clearly presents these facts, but has a very bias opinion of Wilson as discussed earlier. Linkââ¬â¢s evidence, though selective, fits nicely in the monograph and makes the aspects of Wilson that he does cover clear and easy to read
Saturday, October 12, 2019
La Virtud como Perfeccionamiento del Individuo Según John Stuart Mill :: Spanish Essays
ABSTRACT: En esta comunicacià ³n se presenta la concepcià ³n utilitarista de la virtud en John Stuart Mill. El cultivo y la adquisicià ³n desinteresada de la virtud se integran en el proceso de autorrealizacià ³n humana. La virtud es necesaria para la consecucià ³n de la felicidad y para el interà ©s general de la sociedad. Se analiza la virtud en Mill como un sentimiento moral que se trasmite por observacià ³n. Se finaliza con unas conclusiones crà ticas sobre esta perspectiva utilitaria de la virtud. En la tradicià ³n à ©tica occidental, la virtud es considerada condicià ³n indispensable del perfeccionamiento del ser humano. De ahà que, en general, los planteamientos que tienen en cuenta la autorrealizacià ³n o el cultivo del individuo, integren un tratamiento mà ¡s o menos amplio de la cuestià ³n de la virtud. Ahora bien, el tema de la virtud puede ser enfocado desde diversas perspectivas que hagan prevalecer un aspecto u otro de la virtud. Estos enfoques dependerà ¡n, en à ºltimo tà ©rmino, de cà ³mo se haya concebido al ser humano. Pues bien, esta es la situacià ³n de nuestro autor, J. Stuart Mill, que desarrolla el tema de la virtud en dependencia de su concepcià ³n utilitarista de la moral, que, a su vez, es consecuencia de su pensamiento en torno al hombre. 1. Contexto de la teorà a milliana de la virtud Como buen utilitarista, Mill no lleva a cabo una especulacià ³n completa sobre la naturaleza de la virtud, su tipologà a, articulacià ³n interna... Tan sà ³lo està ¡ interesado por su funcià ³n prà ¡ctica, y mà ¡s en concreto por la necesidad que la virtud parece tener como medio para alcanzar la felicidad. El contexto de su tratamiento de la virtud està ¡ expuesto en su artà culo "Civilizacià ³n", (1) de 1836, donde describe la moderna sociedad comercial, incipiente en aquella à ©poca. Segà ºn Mill, en la sociedad comercial, el hombre concentra sus energà as en conseguir dinero y bienes materiales. La valoracià ³n de las personas descansa no "sobre lo que es una persona, sino sobre lo que aparenta". Este aparentar viene determinado por el cà ºmulo de bienes materiales a los que uno puede acceder mediante su dinero. Como consecuencia de este criterio de valoracià ³n, cada sujeto singular se ve sometido a una despersonalizacià ³n: cae bajo parà ¡metros puramente cuantitativos, "està ¡ perdido en la muchedumbre" anà ³nima, corre el peligro de perder hasta su propia identidad. Mill veà a con desagrado que, en este tipo de sociedad materializada, lo que se busca es, ante todo, el à ©xito. Una de sus formas mà ¡s conspicuas era, a juicio de Mill, poder de influir en la vida pà ºblica, a travà ©s del arte de la "charlatanerà a", con el fin de conseguir una audiencia cada vez mayor, inundando, con este fin, el mercado de libros y artà culos.
Friday, October 11, 2019
The Silicon Valley Technology
The Silicon Valley Technology simulation created a good opportunity for me to observe situations and expectation under a corporate environment. Through interactions with other managers and executives, I had experienced many issues regarding business operation and management that were mentioned in the class. I would like to share what I observed, encountered, and applied into four main topics: interpersonal communication, relationship management, influencing people, and decision-making process. Interpersonal communication technique played a crucial role in the SVT simulation. As a Director of Advanced Product, I had to report to the vice president and also pass information to other directors and managers. Our division worked closely because all of us knew each other from the same class. That basic trust was built quickly during the early stage of development. The Vice President of Advance Product made sure everyoneââ¬â¢s voice and concern were included into every discussion to reduce blind spots. For example, I had a request to set aside at least 21 million dollars to fully develop the video products. The VP asked the Director of Product Development if she had the same budget plan or related concerns. This way, we could allocate the budget efficiently to prevent double-spending. We also set a basic norm to focus and respond appropriately when others were sharing important information. This active listening will help others to gain clear understanding of the situation, so I can take responsible actions. When I talked to the product managers about the shipping schedule, I would let them finish their talk first and try to suspend my judgments, and then repeat what I have heard to ensure correctness and share my point of views. What I observed was the way I received messages through multiple channels, the facial expressions, gestures and non-verbal language to clearly understand their points. Although our group communication was truly informative and supportive, I am aware of spending a lot of times in prioritizing the issues and exchanging information to the extent that I ran out of the time to come up with possible alternatives and had to make decisions hastily. What I could have done better was to avoid ambiguous communication and emotional involvement. When I suggested hiring new sales forces and establishing international offices in Europe, I did not provide a clear answer or data to support my ideas. When our discussion became heated, I felt that the greater the emotional involvement, the greater the likelihood of distortion. If I could eliminate these communication issues, I could have allocated more quality time to make better decisions and received fewer complaints about the deadline. Management of Relationship is one of the key functions in the SVT simulation. There were several situations where I had applied what I learned from the case study ââ¬Å"Managing Your Boss. Even though everyone in our division knew each other already, I had no clues about their preferred working styles. It took me some times to figure them out. My VP was very energetic with a get-it-done attitude, but she intended to interrupt the discussions and instructed us to get to the main points directly. The other product manager was very down to earth and a detail-oriented person. For example, when I spoke to the VP about our target estimate for video products, I used bulleted points and data, such as the focus on global market expansion, hiring qualified sale engineers, and budget allocations. On the other hand, since the product manager is more detail-oriented, I would cover information in depth whenever possible. Thus, understanding your boss and peers would definitely enhance the efficiency. I also had experienced a paradox of information flow in two different directions. I usually received a lot of information from my region sale forces and supplied to my VP to make decisions. The upward flow of information, which was adapted by the VP, was a standard norm in Advance Product division. Besides, I could report both good news and negative surprises. When the level went up to the president and vice presidents, the flow of information went downward. There seemed to be much information was related to Advance Product but only known by the top management. When it comes to gaining supports from top management under Silicon Valley Technology, the best way to do it was through influencing people. For instance, in order to reduce employee turnovers and shipping costs, the production director and I tried to relocate the manufacturing factory to Indiana. However, unless there would be an additional budget and an action plan approved from the top management, this plan wouldnââ¬â¢t work out. Therefore, I went to the corporate library to look up the forecast of future regional sale growth and the shipment schedule predictions. I implemented influence tactic by persuading the VP with a complete budget plan and forecasts through an adequate levels of communication. The VP also chose the correct combination of influence tactics such as ingratiation and a rational plan for the president to be nfluenced. Finally, the committee meeting granted our request to include sufficient funds in the next year annual budget. What I observed was that the persuasion went smoothly because it was a simulation; there were not many arguments and push backs. It will not be as easy in real world settings. In addition, the another way to influence people was developing a network of resourceful people whom can be called upon for assistance, such as the special project manager who was in charge of the strategic planning for the future of the company. With deadlines in mind, the timeliness of decision making process became relatively important in SVT simulation. As a director, I have many decisions to make between my regional sales teams and international salespeople. Many of these decisions are programmed decisions, which are repetitive and routine. A routine procedure has been developed for handling them, such as a request from my Northwestern Sales Office to have rewards to celebrate the success of getting the biggest order from NorCal Power. In this case, I would follow the recognition policy to give them rewards. However, most decisions are non-programmed not only in SVT simulation, but also in the real world situations. These decisions were required by unique and complex management problems and were consisted of a complete process including a clear objective, resource allocations, time management and so on. In our first meeting of Advance Product with the VP, the product development directors and product managers, the VP urgently informed us that Flemming Inc. ould like to partner with AP to expand its market in Europe and a division decision was due before the committee meeting in 45 minutes. Under this time pressure, we quickly established specific goals, using this opportunity to increase market presence in Europe and to test out international markets of new home video products. We also identified problems that Flemming Inc. might steal our technology because SVT was mainly responsible for the R&D, not marketing and sales. It might delay our own R&D process since this partnership would receive most of the resources. Thirdly, although the VP was patient to include our voices and ideas, we spent a lot of time prioritizing issues and doing cost/benefit analysis to come up with only a few alternatives, such as asking Flemming Inc. to include our brand name on the future products, and increase our forecast revenue to almost double by 40%. But In the end of the discussion, we ran out the time to evaluate the alternatives and decision was made by the VP hastily since she had to go to the meeting and had the final say. After the VP left for the meeting, I reflected on our decision making process, which was inefficient in term of pre-work and time management. First, in the beginning, I did not have any information about Flemming Inc. since the information was from our President to only the VP as an urgent matter. Second, when the meeting was called, I was not informed of the agenda that would be discussed. As a result of that, time management generated the most impact on the decision making process. This could be improved by setting up a clear agenda before the meeting, obtaining extra information from the corporate library, and working out the cost-benefit analysis. These improvements would bring us to a reasonable expectation on what we were trying to achieve and would not waste time to brainstorm the pro and con during the meeting. Instead, the time we spent could work on evaluating the alternatives and choosing one. Eventually, we could have more time to make a group decision rather than relying on one personââ¬â¢s decision. Although there were many mistakes and learning opportunities during the decision making process, I was glad to have the managers and peers who were willing to listen and accept everyoneââ¬â¢s ideas so we could quickly establish specific goals and identify the problems. Through the SVT simulation, it was a great experience for me because I had never worked in a corporate environment so I was impressed what I observed and experienced. Although the time wasnââ¬â¢t enough for me to apply what I have learned from the class, I could tell the importance of interpersonal communication and relationship management that. These techniques would definitely help me sharp my tactics of influencing people and then apply to the decision making process.
Thursday, October 10, 2019
Donne as a Distinctive Poet Essay
One of the most original and controversial poets in the history of English literature, John Donne (1572-1631) is best known for his metaphysical poetry on topics as diverse as the joys of lovemaking and humanityââ¬â¢s subservience to God. John Donne wrote energetic, rigorous but uneven lines characterized by complex, witty conceitsââ¬âcontrasts and paradoxesââ¬âstartling extended metaphors, and striking imagery juxtaposing the earthly and the divine. Eighteenth-century critic Samuel Johnson noted that in Donneââ¬â¢s work, ââ¬Å"The most heterogeneous ideas are yoked by violence together; nature and art are ransacked for illustrations, comparisons, and allusions. â⬠The Age of John Donne The age of John Donne was an age of transition, standing midway between the age of Shakespeare and the Jacobean age (1572-1631). The age of Donne would effectively and substantially cover the first thirty years of the seventeenth century. This age stands midway between the age of Shakespeare-and the age of Milton. There is, however, some over-lapping which cannot be avoided because literary periods or ages cannot be separated chronologically. It was a period of remarkable literary activity, a sort of prolongation of the Elizabethan age. The revival of learning had influenced not only Italy and Germany but also England. The classics were studied minutely and from a new angle. The re-discovery of the literature and culture of the past-known as humanism-gave the writers a new outlook on life. Life was a gay game and not a sorry penance. The new ideal man was to be a perfect courtier, a perfect soldier, a perfect writer and, above all, a perfect gentleman. For this, he had to undergo comprehensive training and a rigorous discipline. Many changes in the political, social and economic domains were being effected. Colonial expansion and increase in industry and trade made people materialistic. The study of medieval literature developed the minds of the readers. Though education was not so widespread, the common man spared no opportunity of obtaining knowledge from any source. Medieval beliefs held their ground both in John Donne and his contemporaries. The Reformation was a direct challenge to Rome. Why should Pope be supreme in the matters of religion? Religion, after all, is a personal matter and no dictation should be tolerated from-outside. Nationalism in its wider connotation was responsible not only for a new literature, but also a new faith. The abuses and weaknesses of the Catholic religion were laid bare. The new Church of England came into being. Donne, like some of his contemporaries, felt within himself the conflict of faith. His scepticism, his humanism and his learning made him challenge the faith of his ancestors. The result was that after a good deal of heart-searching and vacillation, Donne embraced the Established Church of England by 1598. But it was not until he was ordained in 1615 that he became a confirmed Anglican. The heritage of Queen Elizabeth, who died in 1603, was one of peace and prosperity. It was also one of centralization. Although her monarchy had not been an absolute one, she delegated her authority wisely, and patriotism was loyalty to the Queen. Religion and politics were closely linked. Elizabeth, as the supreme head of the Church of England, maintained religious tolerance as the Puritan and Catholic minorities strengthened. James I, formerly James V of the Scotland, took over the English throne in 1603 at the death of Elizabeth. Though widely hailed at first, Englishmen rapidly became disillusioned with him. James did not understand the people he ruled, nor the nature of his office. He allowed his favourites and the Spanish government to influence him; his failure to recognize the rising power of Parliament, his reversion to rigid views of absolute monarchy, and the luxury and the corruption of his rule, and religious schisms widened and Puritanism and Roman Catholicism became more militant in their fight against the established Church of England. Political strife, intermingled with growing religious dissension, was brought to a head by his insistence on the oneness of Church and state. The conflict between Church and State led men o wonder which was superior, with the answer resting in manââ¬â¢s own conscience. The questioning of civil authority, of where true sovereignty should lie, made it possible to rebel against a king. The growth of the middle class, the rise of political parties, and the estrangement of the Puritans led to a long civil war. Charles I, who began his rule in 1629, following the death of his father, was beheaded in 1649, whereupon a Commonwealth was begun by the Puritans, leading to the eventual military dictatorship of Oliver Cromwell, who, nevertheless, brought some measure of peace and stability to a turbulent England. Yet the idea of a military dictatorship was abhorrent to Englishmen and upon Cromwellââ¬â¢s death in 1660, Parliament invited Charles II, in exile in France, to return to England and resume the rule of the Stuart kings. Life History John Donne was born in 1572 to a prosperous London family. His mother came from one of Englandââ¬â¢s most distinguished Catholic families. John Donne was the grandson of the dramatist John Heywood, the nephew of Jasper Heywood, who led the Jesuit mission to England in the 1580s, and a great-great-nephew of the Catholic martyr Sir Thomas More. After receiving his early education from the Jesuits, in 1584 Donne began study at Oxford. Oxford would award Donne his degree only if he renounced his Catholic faith, as was standard practice at the university at that time. Defiant, Donne left Oxford and pursued legal studies at the Inns of Court in London, where he was known both for his dandyism and his serious study of legal and religious issues. During this period Donne wrote many epigrams, satires, verse letters, and elegies which were shared among friends in his literary circle but remained unpublished during his lifetime. After completing his law degree in 1596, Donne accompanied the Earl of Essex on two naval expeditions against Spain, writing of his experiences in the poems ââ¬Å"The Storm,â⬠ââ¬Å"The Calm,â⬠and ââ¬Å"The Burnt Ship. â⬠Returning to England in 1597 Donne became secretary to Sir Thomas Egerton. Four years later Donne secretly wed Ann More, Egertonââ¬â¢s sixteen-year-old niece. Enraged, Moreââ¬â¢s father had Donne imprisoned until 1602. Donne left prison without a professional position, social standing, or much hope of a career. From 1602 to 1615 Donne was able to support Ann and heir growing familyââ¬âwhich eventually included ten childrenââ¬âonly through the generosity of friends and patrons. His letters from this period chronicle his struggles with depression and illness. Strong religious feelings, mixed with intellectual discontent, deep cynicism, and despair are evident in the Holy Sonnets,which Donne wrote but did not publish at this time. It was also during these years that he wrote his finest love poetry. Donne had been offered a position in the Anglican Church as early as 1607 but did not accept ordination until 1615, when it became clear that King James I would advance him through the Church. He became the Kingââ¬â¢s chaplain; and the next year he was made divinity reader at Lincolnââ¬â¢s Inn. Ann died in childbirth in 1617. In 1621, a mere six years following his entry into the priesthood, Donne became Dean of St. Paulââ¬â¢s, and his sermons became widely heard and admired. He stated that he was happy in the rejection of ââ¬Å"the mistress of my youth, Poetryâ⬠for ââ¬Å"the wife of mine age, Divinity. â⬠Nevertheless, when he was struck with a fever in 1623 and thought he was dying, he wrote ââ¬Å"Hymn to God the Fatherâ⬠and ââ¬Å"Hymn to God My God, in My Sicknesse. â⬠John Donne died in 1631.
Wednesday, October 9, 2019
The Effect of Clinical Simulation on Student Self-Efficacy in learning Dissertation - 1
The Effect of Clinical Simulation on Student Self-Efficacy in learning - Dissertation Example Cases like these point to the value of clinical simulation in nursing education to help empower such students in being able to handle challenging tasks and situations in their own practice. Clinical simulation is defined by Waxman (2010) as a teaching methodology that provides students with learning experiences closely resembling real-life circumstances that they are likely to encounter in their professional practice. ââ¬Å"Simulated clinical experience requires immersing students in a representative patient-care scenario, a setting that mimics the actual environment with sufficient realism to allow learners to suspend disbeliefâ⬠(p.29). Specific to nursing education is the utilization of a lifelike high-fidelity manikin which provides a high level of interactivity and realism to nursing students during their simulation proceedings (Jeffries, 2007). The integration of simulation in the nursing education curricula is welcomed by nurse educators as a new and effective method tha t promises to prepare the students better for a future in the nursing profession as competent and confident health workers. Setting up a clinical simulation situation takes much time, planning and effort that draws its information from theories and professional experiences (Waxman, 2010). The complexity of clinical simulation raises the question if it does improve a studentââ¬â¢s self-efficacy to be a more efficient professional or leave the student overwhelmed with the probable challenges he or she will face in practice. Self-efficacy is one indicator of an individualââ¬â¢s perception of how well prepared he or she is in being able to successfully accomplish tasks (Bandura, 1977, 1986). Further, Bandura (2004) explains that: ââ¬Å"Efficacy beliefs influence goals and aspirations. The stronger the perceived self-efficacy, the higher the goals people set for themselves and the firmer their commitment to them. Self-efficacy beliefs also determine how obstacles and impediments a re viewed. Those of high efficacy view impediments as surmountable by improvement of self-management skills and perseverant effortâ⬠(p. 145). Topic This study will explore clinical simulation as a new method of learning in nursing education. It will discuss the corresponding cognitive and affective processes that the student undergoes during the simulation and follow through if it is indeed an effective strategy in the improvement of student efficacy. The research problem The research problem posed for this study is ââ¬Å"How does clinical simulation affect a studentââ¬â¢s self-efficacy in learning in Nursing education?â⬠Background and justification. The current demands of health care necessitate more aggressive training of health care professionals in order to address the growing needs of an industry that is besieged with a multitude of illnesses. More and more diseases come up with symptoms that may be unusual. These may pose a huge challenge to new nurses who have been trained in the traditional approaches of lectures, discussions, role-play and laboratory practice, as these may no longer be effective (Waxman, 2010). A nurse needs to be thoroughly trained in various areas and has amassed enough experiences to be able to carefully discern his or her next moves. Such moves may be crucial to the treatment and safety of the patient and thus,
Tuesday, October 8, 2019
Corruption in the Pakistan Government Research Paper
Corruption in the Pakistan Government - Research Paper Example The primary aim of this study is to review the extent of corruption in the Islamic Republic of Pakistan. It will also review whether corruption and poor governance have forced its people to seek other forms of assistance, especially those of illegal militant groups. According to Aristotle ââ¬Å"the deviation or corruption of kingship is tyranny. Both kingship and tyranny are forms of government by a single person, but the tyrant studies his own advantageâ⬠¦..the king looks to that of his subjectsâ⬠(Heidenheimer, 1997, P. 3). The journal article ââ¬ËSocial sciences and the evolving concept of corruptionââ¬â¢ provides more connotations or meaning to the term corruption. In Biblical terms corruption is plainly injustice, while current perception of corruption means accepting of bribes. The French have a broader perspective and sees corruption as all acts of crime done by civil servants and includes the judiciary as well as the people who try to corrupt the above two classes (Gà ´ENAUX, 2004). But, the definition of the term provided by the OECD, apparently covers all the above perceptions as it defines corruption as ââ¬Å"the abuse of public or private office for personal gainâ⬠(OECD, 2008, P. 22). This paper will consider the above definition when reviewing the topic of corruption in Pakistan. Pakistan can definitely be classified as a developing economy and studies have shown that corruption levels are higher here when compared to developed ones. Some developing economies have faster growth rate when compared to others, and there is no perceptible differences in corruption levels in both instances (Rose-Ackerman, 2006, p. 218). It has to be seen whether the above two factors hold good in the case of Pakistan as well. In other words, it has to be seen whether corruption in the country is high or low, and also whether it is comparable with a high growth economy like India, China, or Brazil. The three developing economies mentioned here
Monday, October 7, 2019
Retail Business Analysis and Decision-Making Case Study
Retail Business Analysis and Decision-Making - Case Study Example The general strategy was low price but the price elasticity of the product and other factors were taken into consideration in terms of quantity purchased and price set. Product 1 An assessment of the historical trends along with pre-simulation market information revealed that the average demand for the product was 2,590,000 in year 1 and 2,680,000 in year 2. The growth in demand was expected to continue based on the trend in the graph. This was attributed to the fact that product is widely used by all age and income groups in the population. The demand is relatively price inelastic so the level of promotional expenses on the product was relatively less than on the other products. Our team ordered products for two periods in quarter 1 and three periods in quarter 2. This strategy worked fairly well as all inventories carried forward to quarter 3 were sold. Our teamââ¬â¢s market share for this product was considered very low. Product 2 Although there is a general upward demand, the pre-simulation market report indicates that this is a discretionary product and that there is a higher level of brand awareness for the product when compared to Product 1. Therefore, demand for the product is based on promotions. ... There was no sale in quarter 1 and so less was ordered for quarters 3 and 4. The price was drastically reduced in quarter 2 and our team was therefore left with no stock on hand as the price was way below the market and suggests that our team was not aware of what the competition was doing. The other two periods saw minimal stock balances on hand at the end of the period. Our market share for this product in quarter 2 was 24.3% which is good when one considers that the market had eight participants. However, quarters 1, 3 and 4 were way below par. Product 3 An analysis of the demand for Product 3 indicates ups and downs in year 1. Year 2 on the other hand showed increases in quarter 2 over quarter 1 and so on up to the 4th quarter with drastic increases of over 50% on the previous quarter. Information obtained reveals that only a narrow segment the population demands this product and that there is a great brand loyalty. This product is a discretionary product and therefore it may sho w dramatic swings based on the economy. However, strong interest tends to prevent this from happening. Since price has an impact on the volume during gift giving periods such as quarter 4 it is best to keep the price at a low price in order to benefit from increased sales volume. Our team sold off all the inventories on hand in quarters 1 and 2 which indicates that too little goods were on hand to satisfy demand. Our market share was average for this product ranging from 15.6% to 12.5%. Product 4 Based on the trends in historic demand for the product it is clear that demand is cyclical with the lowest demand in quarter 1 of each year. Quarter 2 followed by quarter 3 is the period of highest sales with demand in quarter 2 increasing by between four and five
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