Significance of Customer Portfolio Management in Modern Business Essay

Noteworthiness of Customer Portfolio Management in Modern Business Environment - Essay Example So as to recognize the changing client inclinations, firms are to deal with their client portfolios. Many cutting edge innovations are accessible today that can oversee client portfolios and in this manner stay in contact with changing client interests. Keeping all around arranged client portfolios can reinforce client relations and along these lines client maintenance for a long haul. A dedicated client is a priceless resource of any association that adds to the achievement of the firm’s long haul objectives and goals. Researchers mirror that proficient client portfolio the board at various degrees of an association is a central driver of key just as money related achievement. The idea of client portfolio can altogether add to the firm’s endeavors to hold the beneficial fragments of its clients since client portfolio is a likely method to accomplish upgraded consumer loyalty. As per specialists, â€Å"in similarly that we can look at an arrangement of items or brands, the significance of clients as resources and speculation focuses orders a comparative portfolio analysis† (Hooley, et al. 2008, p.436). This paper will investigate the idea of client portfolio the executives. ... Intensive examination of client portfolios can help an organization to recognize how a particular client bunch is performing. To show, client portfolios can be advantageous for a development organization to assess the record receivable of home developer client gathering to get an away from of the degree of monetary hazard, on the off chance that there is a log jam in the market for homes. A company’s client portfolio is contained clients who are gathered dependent on or all the more ‘strategically significant variables’ (Ibid). By and large every client is connected to only one specific gathering in the portfolio. At a certain point, every client is treated as remarkable and at another point all clients can be treated as indistinguishable (Ibid, p.125). While watching the corporate world, the vast majority of the organizations are deliberately situated somewhere close to these two focuses. Alluding to different client the board hypotheses, it may not be a decent m ethodology to deal with all clients similarly except if such an arrangement bodes well for doing as such. Clients change on the grounds of incomes and cost profiles and every client has various tastes, inclinations, and desires (Yang and Peterson, 2004). Accordingly, an organization needs to oversee clients in various manners thinking about their specific needs and needs. To make it all the more clear, redid item and eye to eye account the board may fulfill the interests of certain clients in the B2B setting though normalized item and electronic self-administration would be progressively powerful in addressing the requirements of some different clients. Without a doubt, clients comprise a significant resource of any association paying little heed to its size and nature (Conejo, 2013). Not at all like what numerous individuals think it isn't factors

Essay --

In the book, Refusing the Favor, Deena J. Gonzalez explores how the lives of Spanish-Mexican ladies in Santa Fe were influenced when the United States colonized northern Mexico between the early and late nineteenth century. Her work centers around the social differentiation among the Euro-Americans and the Spanish-Mexicans in the zone. Gonzalez breaks down the accounts of ladies of the period through the viewpoint of the individuals who might offer to them the kindness of expansionism. Thus, she shows her situation through the title of her book. She shows how female occupants of the vanquished domain opposed and hated the recently shown up incredible Anglo migrants. She shows how ladies' reactions to the success were very differing and delineates their endeavors to safeguard their way of life. Quite a bit of her work centers around the financial impacts and social reactions to the procedure of Americanization that occurred in New Mexico after the United States assumed responsibility for the region. The creator challenges the for the most part acknowledged history of the United States that has to a great extent set forth that the U.S. triumph was easy and useful to Spanish-Mexicans in Santa Fe. New Mexico, some time before the United States dominated, consistently had a level of Spanish character. Her work centers around Santa Fe which was probably the biggest city west of the Mississippi and most seasoned of the considerable number of regions of the Provincias Internas that picked to remain with Mexico in 1821. In 1846 the land was attacked and vanquished by the United States. Quite a bit of her understanding is on the lives of ladies in the capital city using a scope of sources, from movement writing, papers, wills, deeds, court records, Catholic Church Archives, Property Census records, and Spanish composed sourc... ...zalez 72). Albeit about portion of the Euro-American men in Santa Fe lived with Spanish-Mexican ladies by 1850, these associations included just a few hundred of exactly 4,000 Spanish-Mexican ladies and were thusly less huge from the point of view of Spanish-Mexican occupants (Gonzalez 74). Gonzalez is a creator with a strategic: needs to turn around customary historiographical understandings about the West, and explicitly New Mexico. She needs to offer life to the dormant voices of ladies who lived in the period. Apparently Gonzalez's essential rationale recorded as a hard copy Spanish-Mexican ladies into the historical backdrop of U.S. triumph seems to show how the ladies of Santa Fe were influenced and how they conquered a difficult frameworks which reshaped their lives. At long last, the creator effectively accomplishes her objective of saving the voices of New Mexican Spanish Mexican ladies.

Exploring the genre and style of the Political Interview Essay Example

Investigating the class and style of the Political Interview Paper Governmental issues is a region in the public eye which is acknowledged as a significant part of our lives. It administers our nation and, therefore, influences how we direct our ordinary issues. Since the business accessibility of TV, government officials host had the chance to communicate get-together perspectives, advance their proclamation and legitimize questionable activities. Live meetings have permitted the country to advance inquiries they need replied, essentially advancing the premise on who we choose to decide in favor of to administer our nation. These meetings are maybe generally striking on Newsnight, facilitated by Jeremy Paxman. Paxman turned into a moderator of Newsnight in 1989 and has since been a pioneer in the inquisitive style used to startle his interviewees. This theme is quite compelling because of the idea of the communication between a delegate of the crowd (the questioner) and the government official. Much of the time, it is apparent that government officials embrace a careful position when responding to inquiries so as to forestall recognitions and hold prominence. Meetings frequently gain diversion esteem when questions are advanced that place the interviewee in a troublesome position, and all the more so when an endeavor is made to redirect the subject to suit the interviewees position. This is a run of the mill technique utilized so as to deal with discussion, and force battles for the responsibility for discussion are consistently distinguishable. We will compose a custom article test on Exploring the class and style of the Political Interview explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on Exploring the class and style of the Political Interview explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on Exploring the class and style of the Political Interview explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Examining this theme will permit an examination of the meetings to be made. This can help decide if language utilized fits in with the thoughts of scholars, for example, Tannen, who expresses that, for men, the world is a serious spot where discussion and discourse must be utilized to fabricate status or increase the high ground. Trudgills hypotheses can likewise be investigated; specifically, his conviction that men would frequently utilize a low glory elocution in this way looking for secret esteem by seeming intense or sensible. Theory Both Paxman and the political interviewees will show normal male discourse to pick up strength and authority over the discussion. Points The points will be to: Research how male language is utilized to attest responsibility for discussion Contrast my discoveries and research on male sexual orientation language from scholars, for example, Tannen and Trudgill. Technique For this examination, optional source information was picked up as two individual transcripts of Newsnight meets among Paxman and George Galloway and Theresa May. These were acquired from the web rather than being recorded from live projects for various reasons. Right off the bat, the chronicle of transcripts is tedious, consequently meaning it would not have been suitable to gather essential information from live projects. Looking into promptly accessible transcripts permitted a scope of meetings to be perused, which means the most semantically fascinating concentrates could be utilized. Five potential transcripts were gathered, and of that, two were picked for additional investigation. A male legislator and female lawmaker were utilized so as to check contrasts, assuming any, in the language style utilized, and whether this profoundly affected the viability of predominance in discussion. Had two male lawmakers been chosen, it would have been difficult to reason that the language utilized was commonly male as there would be no reference for examination. Regardless of the way that lone subjective information will be utilized, the examination that can be produced using these sources will be adequate in meeting the points and demonstrating or invalidating the speculation. Quantitative information is to a great extent unessential for this examination. To guarantee legitimacy, the transcripts have all been sourced from the respectable news sites. The BBC is the maker of Newsnight, so there is minimal possibility of modification or control of the transcripts to depict an emotional view. The BBC is likewise genuinely legitimate in their political lack of bias. This can't be said for The Telegraph, where Theresa Mays transcript was sourced. Be that as it may, both Theresa May and The Telegraph hold preservationist sees and along these lines adjustment is additionally far-fetched. As far as the ethicality of the information gathered, the members, being Jeremy Paxman and the three lawmakers, would have known that they were being recorded and communicated. Thusly, their assent would have been given at the time they were recorded and citing removes from the transcript will be moral. So as to fulfill my points, I will investigate an assortment of characteristics that make up the etymological system, for example, the interactional, linguistic, lexic-semantic, grammatical and phonological highlights. Examination The primary information extricate is from a Newsnight meet between Jeremy Paxman and George Galloway on the fifth May 2005. The meeting was directed not long after George Galloway increased a seat for the left wing ideological group Respect in Bethnal Green and Bow, supplanting Labor MP, Oona King. Paxman starts discussion by tending to the crowd with the proviso Were currently joined from his include in Bethnal Green and Bow by George Galloway. The withdrawal were gives solidarity and feeling of union between the questioner and crowd, maybe done as such so as to allure biased inclination. The inquiry are you pleased with having disposed of the not many dark ladies Parliament is then inquired. The modifier glad gathers a feeling of joy or fulfillment over a specific activity, which Galloway excuses promptly with the straightforward sentence What an absurd inquiry. This self evident truth articulation permits Galloway to increase high ground as it tends to the ridiculousness of what is basically an allegation of prejudice. Subsequently, a job inversion can be seen. Galloway utilizes the individual pronoun you to offer a conversation starter towards Paxman. This is maybe the primary away from of a skirmish of responsibility for discussion and fits in with parts of Tannens hypothesis. She contends that discussion for most men is an essential way to save autonomy, and arrange and keep up status in a progressive social request, deciding on a report position instead of a females affinity position. A fight for social chain of command can be seen when Paxman abstains from addressing the inquiry, with the amusing and to some degree two-faced answer Youre not noting that one?. As per Tannen, rivalry for status drives men; in this way they are more calm with strife. Galloway demonstrates this hypothesis when struggle emerges in the wake of advising Paxman to proceed onward to [his] next inquiry. The basic order move goes about as a request, in this manner testing Paxmans command over the meeting. This can be upheld with Tannens hypothesis of male languag e utilizing orders, while ladies would utilize recommendations to convey a longing. An offer for higher status can be seen when Galloway states If you pose that inquiry once more, Im going, I caution you now. This conflicts with the standard of meeting behavior in that the questioner has been tested. The reaction Dont attempt to undermine me Mr Galloway, if it's not too much trouble uncovers various methods in endeavor to reestablish convention. The action word attempt proposes Galloway flopped in giving the risk. Besides, the utilization of the title Mr and the government officials family name is too much formal for use during the center of the discussion, maybe done as such to state eminence. This could have likewise been done in endeavor to deprecate Galloway, yet this is subverted by the qualifier please. This progressions the sentence from an order to a solicitation, and the situation of the word toward the end construes an idea in retrospect from Paxman. Galloway diffuses the force of the trades by supplanting the action word undermine with badger Youre the one whos attempting to badger me. The undertone of inconvenience from this word deduces the seriousness of the meeting is minimal in excess of a fight to Galloway. This could be a contemptuous system to feature Paxmans trifling counters. Towards the finish of the meeting, Jeremy Paxman again intimates that Galloways thought processes were to understanding racial pressures. Now, George Galloway goes astray from reaction and again legitimately defies the scrutinizing You are really leading one the most even by all accounts one of the most silly meetings I have ever taken an interest in. Utilization of the enclosure even by all accounts shows Galloway knows about the language strategies Paxman utilizes, as though attempting to bait the interviewee into giving an ideal reaction. This demonstrates the downfall of the meeting as the off theme nature demonstrates a refusal to reply. An endeavor to win authority of the discussion is made with the straightforward sentence I have recently won a political race. This comes as an affirmation of intensity and notoriety, which apparently, depicts Galloway in a vain light, yet demonstrates matchless quality in any case. Paxmans reaction Im not offending them, Im not offending you shows unpretentious male sexual orientation language. The withdrawal Im inclines towards Covert distinction, a hypothesis originally presented by William Labov. The language, regardless of being mediocre compared to the conventional I am, proposes a progressively secure and less socially optimistic position, passing on an extreme or practical message. Diminish Trudgills investigate during the 1970s into language and social class additionally reaches comparative resolutions with respect to secretive renown. The job inversion of inquiries by the interviewee and replies by the questioner proceeds as Galloway requests congrats on his triumph. Paxmans reaction is one of dutifulness, and offers his congrats, potentially to conciliate Galloway and regai

Alcohol-Impaired Driving - Free Essay Example

     As one might expect, the exhaustion of alcohol is common around teenagers in this day in age, despite the legality of it. There has been constant talk of whether the legal drinking age limit in the United States should be maintained at 21 or lowered to 18, like many of the other countries around the world. Once a teenager hits the 18-year old mark, they are exposed to a world of seemingly unlimited possibilities: they are eligible to enlist in the military and can buy cigarettes and lottery cards, so why are they unable to drink, right? Well, by lowering the drinking age, adolescents are more at risk of putting their lives in danger. Underage drinking may result in alcohol-impaired driving, sexual assault, a decrease in their school performance, and ultimately, alcohol dependence later on in their life. There are a number of reasons as to why the limit should be lowered, but there are just as many stating why it should remain the same. Alcohol-Impaired Driving Driving under the influence is one of the biggest leading causes of death, and a large percentage of accidents are caused by underage drivers. For most, hitting 15 and 16 years old means getting a car, and being so excited to finally be out on the road on their own. Being 15 and 16, they are also just entering high school and wanting nothing more but to fit in with what they deem as being the â€Å"right crowd,† also known as the more popular kids in school. High school is the time for experimenting, as most would say, and what other way to â€Å"experience† anything than by going to parties. It is no secret that with parties comes drinking. Drinking impairs the drivers ability to focus, which can inhibit the ability to drive. High school students and underage drivers as a whole are more likely to find themselves involved in fatal accidents with alcohol in their system. A blog written by Lindsay Williams states that the CDC reported 2.4 million high school teenagers drive intoxicated each month (Williams, The Dangers of Underage Drinking and Driving). Adolescents are 17% more likely to get into fatal car accidents, the article says. Young drivers tend to have higher risks of getting into these accidents because most are new drivers, so by adding alcohol to the mix, it increases the dangerousness. In the U.S., there is zero tolerance for underage drinking, so when high schoolers get into accidents, they will suffer great consequences. In another article, it was noted that younger drivers are more susceptible to getting into accidents with any amount of alcohol in their system (Brande, Underage DUIs: 6 Sobering Facts About Drunk Driving). It is illegal for anyone under the age of 21 to consume alcohol or they will receive a DUI, regardless of their blood alcohol concentration (BAC). The CDC wrote in an article that 1 in 5 teen drivers involved in fatal accidents had alcohol in their system and sometimes it has gone beyond that of the legal limit for adults (Centers for Disease Control and Prevention, Teen Drinking and Driving). Along with impairing drivers on the road, intoxication among the youth may put them at risk of sexual assault. Risks of Sexual Assault High levels of intoxication can lead to physical impairment along with cognitive impairment, resulting in adolescents making poor choices without realizing it. Underage drinking can lead to a greater risk of sexual assault and puts them at risk of obtaining sexually transmitted diseases. A study conducted by Amy Young showed that alcohol was involved in 12-20% of sexual assault cases. (Amy Young, Alcohol-related Sexual Assault Victimization Among Adolescents: Prevalence, Characteristics, and Correlates). As adolescents are exposed to alcohol at such young ages, they are more likely to engage in sexual activities, putting themselves at a greater risk. They are more likely to have STDs. Jasmine Bittar wrote in an article, The Relationship Between Alcohol and STDs, that excessive consumption of alcohol lessens the strength of an individuals immune system and makes it easier for them to catch an STD (Bittar, The Relationship Between Alcohol and STDs). Increased sexual activity beginning from a young age can result in the chances of unwanted pregnancy. In Effects and Consequences of Underage Drinking, the author states that teenagers who get a headstart on drinking are more likely to have unprotected sex which can ultimately result in unexpected and/or unwanted pregnancies (Hanes, pg 5). These challenges can cause further issues, such as a decrease in school performance. School Performance Binge drinking damages the minds of teenagers, harming their levels of performance in school. When students become wrapped up in all the late-night adventures and parties that come with the â€Å"fun† part of high school, they lose sight of what is really important: their education. Adolescents begin to worry less about attending school or doing homework. The amount of alcohol consumed by an adolescent has effects on whether they decide to go to college or not. Excessive alcohol consumption can transform the natural structure of the still-developing brain (The Effects of Alcohol Use on Academic Achievement in High School). Alcohol slows the part of the brain responsible for critical thinking, and with inordinate amounts of it, young people especially begin to lose interest in everyday responsibilities such as their schoolwork. Too much alcohol over a long period of time can lessen the ability of teens to focus or study. The frontal lobe is the area of the brain known as the â€Å"control panel,† responsible for critical thinking skills that are essentially needed when it comes to striving academically. When exposed to alcohol it alters the chemistry in the brain, lowering the strength of the â€Å"control panel,† causing individuals to make irrational decisions wherever they are. It minimizes the ability to focus, thus affecting school performance greatly (Hylton, The Effects of Alcohol on Academic Performance). Drinking in hi gh school is, more times than not, associated with the peers teenagers hang around during school hours. The peers in school can directly impact the likelihood of others beginning to experiment drinking alcohol because they believe it is considered to be cool. Students who drink more often tend to be the same people who have poor grades. A lot of this has to do with the kinds of people they associate themselves with (Hanes, pg 4). Studies show adolescents that drink are more likely to have alcohol dependency issues later in life. Alcohol Dependence People who begin drinking alcohol early on, have higher chances of becoming dependent on it when they are older. Studies show that people who began drinking before age 21 were significantly more dependent on alcohol than those who waited until they officially turned 21 to drink. 47% of teens who began drinking before age 14 became dependent at some point versus the 9% of people who struggled with dependency even when they waited until 21 years or older (NIAA, Early Drinking Linked to Higher Lifetime Alcoholism Risk). Alcohol is a dangerous depressant that not many are aware of, although it is used constantly. It has the same effects as that of any other kind of depressant drug; it slows down an individuals performance and leaves them incoherent at times. It is one of the most common types of drug and people can easily become addicted without having realized it. Teenagers especially, are more vulnerable to binge drinking because they have not yet fully developed that decision-making part of their brain, that helps differentiate right from wrong (AddictionCenter.com, Widespread Underage Drinking). People, old or young, drink because it gives them a sense of pleasure. Sometimes, this pleasure helps fill a void that might have been left for whatever reason, whether it be because of a breakup or just another bump in the road called life. Binge drinking gives adolescents a sense of pleasure because they feel they are more grown-up and have control over their lives, causing them to forget the long term effects it can have. Researchers found that adolescents who began drinking before age 15 were 50% more likely to be dependent on alcohol by the time they reached adulthood (T, Early Drinking Age Linked to Risk of Alcoholism). It has also been noted that alcohol may, in fact, be a gateway drug to other more life-threatening drugs (The Recovery Village, Is Alcohol Used As a Gateway Drug?). It is important that the youth recognize the continuing consequences that come with underage drinking. While drinking alcohol may be fun and ‘everyone does it,’ it can have many serious repercussions. Many people do not realize that alcohol is just as bad a drug as other addictive drugs. What makes it so addictive is the pleasure it brings people everywhere, not just adolescents. Alcohol-impaired driving by underage drivers is a problem that is one of the top causes of fatal accidents in the U.S. Driving under the influence is one of the key reasons as to why it is so important that the legal age limit remain 21. Another serious risk of underage drinking is the increased chance of engaging in risky sexual behavior, which can lead to unsought outcomes, such as pregnancy or STDs. An impaired mind is the perfect recipe for disaster; the parties involved are often not sober enough to form coherent thoughts, not fully processing what they are doing, putting themselves in what can turn into a dangerous situation. Peer pressure plays a big role in inspiring vulnerable teenagers to experiment whenever they are given the chance. It can damage the minds of teenagers, making them feel as though they do not need to put as much effort into their schoolwork as they might have done before. There is also a higher likelihood of teenagers who began drinking early to become alcohol dependent well into their adult life. Alcohol in the United States is the most popular form of drug abuse. It is important that the legal age remain 21, to help prevent adolescents from drinking illegally, as often as they do. If the necessary precautions are being met, it will ensure a further attempt at keeping the future generations safe from the backlash that underage drinking may bring.

Essay on Handmaids Tale - Conventional Relationships and...

In today’s society, a ‘conventional’ relationship between a man and a woman is easily defined. It is one based on freedom of choice by both partners, equality of gender, and emotional attachment. It is acceptable to say that in Atwood’s novel, The Handmaid’s Tale, none of these are permitted. This book shows a society completely unlike our own, one that has been constructed on the Old Testament, where women are seen as ‘biological vessels’ and are obsequious to men, and there is no place for ‘romantic love’. The setting of The Handmaid’s Tale – known as Gilead – is a totalitarian government, originally based on Old Testament patriarchy. This structure forbids rival loyalties or parties, so all loyalty must be for the group of men that†¦show more content†¦Sometimes their ritual behaviour can be made bearable by the award of luxuries. Wives – being closest to the Commanders – have ready access to ‘black market’ items such as cigarettes and makeup, even alcohol. Handmaids on the other hand, are given their necessities, but things like hand cream or cigarettes are merely desirable items at the back of their mind – bait to be used by more powerful figures. These women have been placed to serve their government through their positions and relinquish all desires for emotional attachment. By having legitimate groups of women, it follows to have illegitimate groups. During the story, we are introduced to the concept of â€Å"unwomen† – those who are unable to reproduce, or simply refuse to obey orders. Another illegitimate group that we learn of is the one that Moira eventually joins – prostitutes or ‘Jezebels’. These two groups only reiterate the point that individualism is not allowed, and is not welcomed, in this government. The assigned roles of the women help to form the socially acceptable relationships of Gilead. The most formal of the man-woman relationships in The Handmaid’s Tale is that of the Commander and his wife, Serena Joy. On the surface, these two people appear to everyone as a lovely married couple – one obedient to the State and it’s rules. The reader knows that Serena is protective over her husband from the beginning – â€Å"As for my husband, she said, he’s just that. My husband. I want that toShow MoreRelated Harold Pinter Essays3305 Words   |  14 PagesBirthday Party, The Caretaker, The Homecoming, Betrayal, Old Times, and Ashes to Ashes. He has also composed a number of radio plays and several volumes of poetry. His screenplays include The French Lieutenants Woman, The Last Tycoon, and The Handmaids Tale. He has received numerous awards including the Berlin Film Festival Silver Bear, BAFTA awards, the Hamburg Shakespeare Prize, the Cannes Film Festival Palme dOr and the Commonwealth Award. Harold Pinter was born on October 10, 1930 in HackneyRead MoreEssay Prompts4057 Words   |  17 Pagesof Solitude Catch-22 Othello Crime and Punishment The Scarlet Letter The Crucible Slaughterhouse-Five A Farewell to Arms Song of Solomon Ghosts The Stone Angel The Great Gatsby The Stranger Heart of Darkness A Tale of Two Cities The House of Mirth Their Eyes Were Watching God Jude the Obscure 2003 (Form A): According to critic Northrop Frye, â€Å"Tragic heroes are so much the highest points in their human landscape that they seem the inevitable conductorsRead MoreEssay on Silent Spring - Rachel Carson30092 Words   |  121 Pageshad been battling cancer. Author Biography 5 Plot Summary Chapter One Carsons survey of the research on pesticides opens in a most unscientific fashion with a tale about an American town that has suffered a series of plagues. At chapters end, Carson acknowledges that the town is an imaginary one, but lest the tale be dismissed as mere fantasy, she hastens to add that each of the catastrophes it catalogs has actually happened somewhere, and many real communities have already suffered

Accounting The Language Of Business - 913 Words

Introduction According to Gaspar (2014), accounting can be viewed as â€Å"the language of business† as it records, summarizes and reports the financial activities and events of a business. The information that is generated from accounting is used by people to make important decisions, such as managers, stockholders, potential investors, and creditors. The income statement, balance sheet, statement of retained earnings and statement of cash flows are the most important reports generated by the accounting information system. Income Statement According to Melicher (2013), the purpose of an income statement is to list â€Å"the revenues generated and expenses incurred by a firm over an accounting period, such as a quarter or year.† Per Gaspar (2013), review of income statements provides information such as how much income a firm earned or lost during a specific period. Further it summarizes profits earned and expenses acquired over a period of time with the result exhibiting a net income or net loss. Melicher (2013) identifies the major types of expenses that are shown on a typical income statement to include the costs of producing or manufacturing goods and services, expenses incurred from selling, general and administration, depreciation, interest expense and income taxes. The costs of producing or manufacturing good and services which are sold, includes the costs involved in the production of goods and services, including overhead, labor and materials utilized. Additionally,Show MoreRelatedAc counting Is The Language Of Business1286 Words   |  6 PagesAccounting is a major that teaches the language of business, it opens doors to the business world all over the globe, the possibilities with a accounting major is endless in the business field. Whether you want to run your own business or become a certified public accountant majoring in accounting gives you the establishment. A major plus in having a career in business is the flexibility it offers. Many businessmen can make their own hours and handle their business at the comfort of their own homeRead MoreAccounting Is The Language Of Business4305 Words   |  18 PagesIntroduction Accounting is the language of business. It is a profession that is being guided by principles, concepts, conventions, laws, etc. All these fundamental building blocks serve as common and general compasses to all practitioners of the profession. In some cases, they are nation-wide tailored, while in other cases, they are universally tailored. Accounting as a living, practical, dynamic and realistic profession covers so many areas of social, economic (business), and governmental activitiesRead MoreAccounting as a Language of Business6003 Words   |  25 Pages1. Define accounting? 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Economics of Globalisation

Question: Discuss about theEconomics of Globalisation. Answer: Introduction In the high competition, every firm nowadays tries to expand its market and enter into the foreign market in order to increase its profit and market share. In this project, Diamond Technology had been taken into consideration. It is an international industry that deals with consulting and designing services within the Electronic Service Integration industry. The company provides services such as consulting, D-tools for training and implementation of strategies, and sales tools. Target Markets and Market Analysis The company aims to enter the market of Turkey. The selected country can be considered as one of the growing economy in terms of electronic service industry. Turkey is open for liberal trade investment. Due to this reason, the organization Diamond Technology will be highly beneficial this market can be penetrated effectively. There are several domestic players, which are present in the given industry. Vestel Elektronik and Casper Bilgisayar Sistemleri can be considered as the primary competitors for Diamond Technology. It is also expected that this sector will incur positive revenues in the near future. Moreover, this market can be considered as one of the untapped markets in comparison with other international markets. Apart from this, the cost of labour is not on the higher side, therefore, it is expected that the organization Diamond Technology can easily cross their break-even point within few years. Marketing Strategy In order to consider the marketing strategy Diamond technology, the managers of the company takes the help of the 4 Ps marketing mix strategies. Product: Diamond technology tries to innovate the products and the services offered by the company in order to meet the demand of the customers in the new market. A market research about the taste and the preference of the customers give a knowledge about the changes required in the market. Price: The managers of the company considers price skimming strategy while entering the market of Turkey. The managers decides to lower the price of the service than its competitors in order to attract more customers towards the brand. Place: The areas that are more concentrated is chosen by Diamond technology to open a store for the company. This helps to increase the sales and the revenue of the company. Promotion: Diamond technology considers effective promotional strategies like advertising, sales promotion, discounts, sponsorships in order to promote the products and services offered by the company. Figure 1: 4 Ps of the marketing mix (Source: As created by the author) HRM Strategy The human resource management team of Diamond technology employs a number of HRM strategies that not only help the company to enter the market of turkey but also sustain in the high competition. The strategies implemented by the company are as follows: Talent management: The managers of the company try to evaluate the talent of the employees in order to identify their strengths so that the appropriate task can be allocated. When the employees are given the responsibility of the task in which they are efficient, the productivity and performance rises. Continuous improvement: The managers intend to lay focus on the innovation of the services offered by the company to ensure competitive advantage over its rivals. Employee relation: the relationship between the management and the employees can be improved by defining and clearing the objectives and the changes needed in the company. Supply Chain Strategy The supply chain strategy used by Diamond technology is adopting demand-driven planning based on the real time demand insight and the shaping of demand. Further, the company tries to build up a supply chain that is adaptive with the rapid planning and the execution of the plan (Papadopoulos and Heslop 2014). The company tries to optimise the design of the product for supply, manufacturing, and sustainability in order to increase the profit margin.One of the other strategies that help the organisation to gain an enhanced supply chain is to align the supply chain with the organisational goals. This can be done linking the sales and the operational planning with the corporate business planning. Market Selection and Entry Mode Strategies Papadopoulos and Heslop(2014) infers that the success of an organization depends upon the selection of effective market entry strategies. The organization Diamond technology can opt for several market entry strategies. The management of the organization can select a niche market strategy to cater a specific group of customers. With this target, they can opt for mergers and acquisitions with local distributers to order to penetrate through the market. The organization can also opt for a high-street retail pricing strategy to create a branding awareness among the selected group of customers. This will further help the organization to increase their market share and compete with their local and international competitors. In addition to this, with this strategy, the organization can easily nullify majority of the local competitors from competition. Lastly, the organization needs to create a contingency plan as well, if things do not work initially. Internationalization Strategy Diamond technology experiences a threat from the competitors while entering into the market of Turkey. The market of turkey is highly concentrated and therefore there are a number of rival companies of Diamond technology operating in the same industry. The rival companies have strong market base and high brand value. Moreover, they have a sustainable position in the market. On the other hand, Diamond technology have innovation and cost effective strategies with abundant resource. The company considers internalization strategies such as development with foreign distributors and strategic alliance with the foreign partners to carry out the business smoothly (Czinkota and Ronkainen 2013). These strategies are useful in entering the market of Turkey. Conclusion The market analysis and the various strategies help Diamond technology to successfully enter the market of Turkey. Moreover, the current position of the company is stable that indicates that the company has strong possibility of entering into the market successfully and sustain into the market. References Czinkota, M.R. and Ronkainen, I.A., 2013. International marketing. Cengage Learning. Papadopoulos, N. and Heslop, L.A., 2014. Product-country images: Impact and role in international marketing. Routledge.