Determining causes and effects of not keeping a personal...

Determining causes and effects of not keeping a personal budget William E. David ENG115- English Composition Prof. Sandra McDonald March 10, 2015 It has been observed that most of the employees of Bank of America create individual budgets but do not keep a record of them. This is because most of the employees return to the bank for personal loans just two weeks after receiving their salaries. Due to this finding, the factory utilized financial analysts and decided to develop measures of controlling and curbing extravagance among the bank’s employees by enabling them to be able to keep their own budgets. The financial analyst described a budget as a compass and a mirror of how funds will be spent. It is termed as a compass since†¦show more content†¦Brott (2007) observed that it is not what is earned that gives someone financial security, but what is saved (Brott, 2007, p.42). After about three weeks, after salaries are paid to the employees of the bank, it has been observed that most of them showed low self-esteem. It was discovered that this was because they borrowed money and became debtors, which is a haunti ng condition. After borrowing money, one assumes the position of a debtor - a person who owes another and who automatically gives the lender the power of auctioning property in case of failure to pay the debt. The thought of being a debtor may result into withdrawal from a healthy lifestyle, which is being happy. When this dreaded possibility happens, lenders may be robbed of their active social life. This also has an ill effect on the future dreams of a person. It implies that whatever desire such as purchasing assets that one may have for the future will have to be delayed while waiting for a fresh financial start due to the loan payment. The leading second cause of not keeping personal budgets as observed from the study was that employees gave up too soon after tabling their personal budgets through ignorance. Also findings revealed the lack of discipline of the bank employees towards their budgets after developing them. The employees would tend to quit being governed by the bud gets. Quitting was due to the frustration of things not working out as planned. TheyShow MoreRelatedEssay about Cause and Effects Not Keepinga Personal Budget1233 Words   |  5 PagesDetermining Causes and Effects Revised Version Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. PeopleRead MorePublic Relations Personnel : Graphic Artists And Designers1267 Words   |  6 Pagessurvive on a much lower revenue base. Personal Selling 10-July- 2017 to 10-Oct- 2017 3 months 3 times over a period of 3 months Sales manager, Supervisors, External consultants †¢ Sales manager: When these sales people are taking orders, they make sure the customers are purchasing the right product for them. If the customers need something else, these salespeople make sure the customers are sold the additional items. †¢ Supervisors: They use their personal selling skills to increase the chancesRead MoreThe Balanced Scorecard And The Financial Perspective1168 Words   |  5 Pagesthe organization had to look externally for more financial resources while keeping an eye on the internal processes to create efficiencies without reducing the expenses. 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While Meng and Berger’s (2010) first two findings looked at leadership’s perceived value in measuring employeeRead MorePrinciples of Magement16528 Words   |  67 Pagesaction to achieve them it requires decision making, that choosing future courses of action from among alternatives. There are five types of planning: 1. Missions and objectives. 2. Strategies and polices. 3. Procedures and rules. 4. Programs. 5. Budgets. (2)Organizing Organizing is the part of managing that involves establishing an intentional structure of roles for people to fill in an organization. The purpose of an organization structure is to creating an environment helpful for human performanceRead MoreThe Impact of Downsizing on Human Resource Management1870 Words   |  8 Pagessuffers from the loss of their job and can cause adverse reactions within the company. Human Resource Managers have the tough job of determining who will be the individuals, departments, or divisions and the jobs that they are eliminating. 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The _______________________ is the specific mix of advertising, personal selling, sales promotion, public relations, and direct marketing tools that the company uses to pursue its advertising and marketing objectives. a. value mix b. integrated dealer mix c. marketing communications mix Read MoreOrganizational Culture by Charles Handy29094 Words   |  117 Pagesuse is: |Cost / Cost% = Sales (Sales price) | In order to determine the maximum permissible cost per person using the available information, spending budget and cost%, then the formula to be use is: |Sales x Cost % = Cost | Industry-wide Variations in Cost Percents Cost percents

The Arguments For The Existence Of God - 940 Words

p. 209, question# 1 Among the numerous arguments for the existence of God, the argument of design stands as the most persuasive in terms of providing a logical basis for the absolute presence of God. This argument is concerned with the intricate nature of creation and existence: one must believe that there is a Supreme Being that designed the characteristics and features of every existing thing in the entire universe, both living and non-living. The precise and complicated design of the universe must surely be caused by an elaborate plan designed by someone who possesses the absolute power and knowledge to do so; indeed, that is only God. For the sake of argument, others might argue that one form of life can create another form with the complexity of its characteristics gradually increasing. However, the only flaw to this argument is when the origin from which all life hailed is considered. Someone created the very first living organism and the absolute perfect environment in which i t can develop further. All of the necessary elements are indeed created according to an elaborate design plan made by God. p. 224 question 1 to 5 1. Finding one’s purpose in life essentially gives meaning to the existence of each individual. Some existential philosophers argue that each person has a predetermined purpose or reason for existence which they must discover on their own as they live their own lives. However, such reason is not an absolute certainty; instead, it is significantlyShow MoreRelatedThe Argument On The Existence Of God1629 Words   |  7 PagesThe idea of God has been a part of man’s history for centuries. Since time began there has been various combination of believers, and non-believers. Individuals who believes in God, belong to many different religion. Whereas, skeptics find the existence of God somewhat baffling, and have continually sought answers to His existence through scientific methods. As the world progresses in scientific, and technological advancement, the human race still faces the question of God’s existence. Many philosophersRead MoreThe Arguments For The Existence Of God1056 Words   |  5 Pages16 November 2015 Rough Draft for The arguments for the Existence of God. The question Does God Exist? is a well-known asked question in the world. Most people believe they know the answer to it. The religious people would say, well of course he does, while the non-religious people or atheist would say no He does not exist. Because evil exist and chaos exists, God cannot be all-powerful. In the modern world, there are many different opinions as to whether a God exists or not. This has been an issueRead MoreThe Argument For The Existence Of God1674 Words   |  7 Pagesfind the three arguments I analyzed satisfactory for the existence of God. The existence of God simply cannot be proven. Regardless of how strong a person’s faith is, or how many miracles they claim to have witnessed, God can only ever be a possibility. First, I will discuss why Pascal’s wager is not a satisfying argument for the existence of God. I will then examine C.D. Broad’s â€Å"Argument for the Existence of God†, and why it is also not a satisfying argument for the existence of God. Finally, IRead MoreArguments For The Existence Of God974 Words   |  4 PagesArguments for the existence of God through critical thinking and rationalization are called ontological, cosmological, teleological, or pragmeatic arguments. The most widely known of such arguments is that of St. Anselm from Proslogium of St. Anselm, which states that God is considered a perfect being unlike humans or any other world subject. The fact that he is perfect in a world of imperfection proves his existence. God is also the highest conceivable idea of perfection, and thereforeRead MoreThe Existence Of God : An Argument881 Words   |  4 PagesThe Existence of God The philosophical arguments presented in this document are not of religious text, nor scientific observation or established fact. Rather the premise of this God proof is bring together and share the various theories on which other God proofs have established foundations. I have heard it quoted that â€Å"Philosophy goes where hard science can t, or won t. Philosophers have a license to.† Therefore, with this in mind, I attest that it is more than problematic to construct anRead MoreArguments on the Existence of God602 Words   |  2 PagesGod’s existence may actually depend upon our belief in his existence but it is more plausible to believe that God exists using the different types of arguments such as the cosmological argument and ontological argument, Leibniz and the Principle of Sufficient Reason and the Problem of Evil, and the definition of basic belief as evidence. The Cosmological argument can be simplified into three reasons that everything that begins to exist has a cause; the universe began to exist, therefore the universeRead MoreArguments For The Existence Of God1137 Words   |  5 PagesArguments for the existence of God come in many different forms; some draw on history, some on science, some on personal experience, and some on philosophy. Descartes offered two arguments towards the existence of God: an informal proof in the third meditation and the ontological proof in the fifth meditation. Descartes believed that with the employment of a rational method of inquiry which applied some of the methods of analytic geometry to the study of philosophy, our ability to attain certaintyRead MoreThe Argument Of The Existence Of God1480 Words   |  6 PagesThe arguments trying to â€Å"prove† the existence of God are by far some of the most controversial philosophical arguments out there. When some of the people who created these philo sophies it was illegal or even punishable by death to even question his existence, let alone try to come up with a logical explanation to â€Å"prove† he is real. The two main arguments used today are the ontological argument and the cosmological argument. Neither one of these arguments are correct nor incorrect; moreover, theRead MoreThe Argument For The Existence Of God1411 Words   |  6 PagesMy paper scrutinizes numerous logical disputes for and alongside the presence of God. I shall argue that there’s no adequate evidence or inclusive arguments for the existence of God. It is grounded on the views of certain great philosophers and scientists of all of mankind. Generally speaking for myself, I would correspond to have faith that there is â€Å"God†. Regrettably, it’s awfully well-defined that the being built up on insightful faith is no longer a suitable custom to shadow. During the courseRead MoreThe Cosmological Argument For The Existence Of God Essay1556 Words   |  7 Pagesconcerning the existence of God. If God exists, we probably have to make him accountable. The universe would probably have a meaning and a purpose. Also, our very existence may not be cease after physical death. But if God does not exist, we are probably here by chance and we have no accountability to any transcendent. This life is probably all we have, so we should live as we please. The question arises - Does God exist? At first glance, it seems contradictory to prove the existence of something

Macbeth Charachter Essay Free Essays

Macbeth Character Essay In Act 1, Macbeth is described by Duncan as â€Å"O valiant cousin! Worthy gentleman! † By the end of the play, Malcolm calls him a â€Å"dead butcher†. Trace the changes in Macbeths’ character, analysing the reasons behind them. Macbeth’s ruthless seeking journey for power, urged on by his wife, becomes his tragic flaw which leads to his downfall in all ways. We will write a custom essay sample on Macbeth Charachter Essay or any similar topic only for you Order Now The tragic hero is used by Shakespeare to show how the tragedy lies in the greatness that could so easily have been Macbeth’s. Inevitably, his conversion in character all results in his ambition which causes him to act in such brutal ways. We note how an idealised individual such as Macbeth’s changes into a despised one. We observe Macbeth’s greatness and bravery in combat through the Captain’s account of the battle. Macbeth is described as â€Å"Valour’s minion† who â€Å"carved out his passage till he faced the slave†. One examines the respect enclosed in his companion soldiers who give him the name â€Å"brave Macbeth†. This is followed by a line of reassurance which is â€Å"well he deserves that name†. Macbeth’s honour and excellence in battle is demonstrated in Duncan’s words â€Å"O valiant cousin! Worthy gentleman! †. His lack of fear displays his courage and heroism presented in the line â€Å"As cannons over-charged with double-cracks†. Shakespeare uses this to highlight the greatness he once had. We immediately suspect the thought of Duncan’s murder in Macbeth’s mind through the line â€Å"Good sir, why do you start and seem to fear things that sound so fair? . Macbeth’s ambition seems to take control of him as he continuously orders the witches to inform him of the prophecies in the lines â€Å"Stay, you imperfect speakers! Tell me more† and â€Å"Speak, I charge you! †. One can imagine Macbeth’s subsequent actions in the line â€Å"nothing is but what is not† as through it we realise that the only values t hat exists for Macbeth are those which he does not yet have, the Kingship. This continues to demonstrate how his ambition takes full control over him. Macbeth realises that he must act quickly as â€Å"The Prince of Cumberland† is â€Å"a step on which he must fall down, or else o’erleap†, which continues to indicate how his ambition is taking over him and triggers his thought of Duncan’s murder which will soon become a reality. Macbeth recognizes the various reasons of why he should not kill Duncan and is tormented about these doubts, however he resolves to his â€Å"Vaulting ambition, which o’erleaps itself and falls on the other†. However the loyalty shown to King Duncan in previous scenes is forgotten completely and his true colours are really being shown. We can see how Macbeth deceives Banquo by replying: â€Å"i think not of them† when Banquo says he dreamt of the witches. This is linked to the theme of â€Å"appearance vs. reality† as we see the â€Å"false face† Macbeth has put on. Macbeth’s guilty, overwrought brain induces him to see visions before he does the murder. His guilt becomes outwardly visible to his own eyes, which he calls â€Å"a dagger of the mind†. This is a sign of the great turmoil in his mind where this fearless soldier is now tormented by images of blood and fear of the unknown. After Duncan’s murder Macbeth realizes that because of the deed he has just committed he has lost the possibility of ever receiving blessing. He appears to be conscience stricken as he struggles to say â€Å"Amen†. He realises perfectly well the extent of his guilt as we see in the lines â€Å"Will all great Neptune’s Ocean wash this blood clean from my hand? No† and â€Å"The pluck out mine eyes†. Macbeth’s guilt induces loss of sleep and, since he has lost his peace of mind, his innocence and guilt will torture him. His guilt becomes clearly evident in the line â€Å"Wake Duncan with thy knocking! I would thou couldst† and this shows how he will be scarred and damned for eternity. Macbeth’s mind is tormented by the witches’ prophecy that Banquo’s descendants will be kings of Scotland and convinces murderers that Banquo has always been their enemy while forcing them to kill him. This imposes the reprehensive position with which he has become, even worse than the murderers. Macbeth’s guilt and wickedness is also embodied in the ghost of Banquo which appears to torture Macbeth at the banquet he has organised for the succession of the throne. As soon as Macbeth hypocritically mentions Banquo, he sees his ghost however Macbeth attributes his hallucination of the ghost to being a result of him being a beginner in murder. In later murders Macbeth appears to be quite hardened to the horrors of murder. He does feel guilt but this is not enough to keep him from committing further murders as he says that he is â€Å"in blood stepped in so far that should I wade no more returning were as tedious as going o’er†. Macbeth derives security from the witches as he typically interprets the apparitions in his favour, rejecting what is unfavourable to him. We remember Hecate’s words: â€Å"security is mortals’ chiefest enemy†. By the end of the play Macbeth becomes completely ruthless and irrational and decides that â€Å"The very firstlings of my heart shall be the firstlings of my hand†. He therefore resolves to attack Macduff’s castle and kill his family. This accentuates Macbeth’s evil even more while showing the degeneration in his character as he murders a defenceless woman and her children. Macbeth no longer has any soul searching as he does not justify himself anymore with soliloquies before doing his deeds. This causes him to become completely ruthless and unscrupulous, making him an outright villain. Although throughout the book Macbeth seems to be influenced by his wife and the witches, it is Macbeth and his will to become king that performs each and every deed. Macbeth could so easily have been a righteous and respectable person however it is his ambition and will that induces him to become a â€Å"hell hound† and a â€Å"dead butcher†. Although Macbeth has become a changed man his only kingly characteristic was his courage to fight until he, the lonely saddened yet ruthless character, died in battle. How to cite Macbeth Charachter Essay, Essay examples

Romulus And Remus Essay Paper Example For Students

Romulus And Remus Essay Paper With the beginning of any civilization there are stories that are carried throughtime about the creation of their nation. Rome was no different than any other. Theycarried their tail of how brothers quarreled over who was to receive the glory of theirtriumph. The United States also has followed this tradition as well with stories of ourmost famous founder of the United States, George Washington. Rome’s history began when two brothers founded the nation in the city of Rome. However the brothers were unable to decide which one was to receive the honor of havingthe kingdom bear his name. Romulus and Remus tried to decide, but eventually thediscussions broke down and the two brothers fought. Romulus was the victor and endedup killing his brother and consequently naming the kingdom after himself, Rome came intoexistence for the first time. This story gave the people of Rome a history, and instilled asense of strength in the nation through its patron founder. By slaining his brotherRomulus proved to his people that his nation would flourish in the future no matter whatthe cost, even if it meant taking the life of ones very own flesh and blood in battle. They both feed the kids and kept them live until one day a herdsman stumbled upon the two boys. The shepard Faustulus found the twins. He toofk them with him to his house and his wife called them Romulus and Renus.. they were not aware of the princely origin of the boys and raised them as their children. Ounce Romulus and Remus had grown up, they learned their story and decided to go back to Albalonga. Not knowing exactly why they had been abandoned, the twins had no idea where to start looking. They decided to start by going to the local festival. As young men, Romulus and Remus gathered around them a band of hardy, adventurous campanions. And because of their adventurous nature they tended to get a little roudy. Remus is captured by a band of men at the Lupercalia after a quarrel between amulius swine and cowherd. He is taken to Numitor. Numitor was supposed to put sentence on him but realized through their conversation that he was one of his daughters sons and informed him of his royal stature. After The twins discover their true origins, and they reinstate Numitor as king. Ounce their grandfather was in power because they had slain their great uncle, they decided to found their own town. They asked Numitor for advise and on his advise they waited for Devine signs. Just like when they were young Romulus and Remus could never agree on anything. They each thought that this new town should be in a different site. Remus chose the Aventine while Romulus chose the Palatine. Both places were not to far from the great fig tree because it seemed right. Remus first saw six vultures. Romulus, however, later saw tweleve vultures. It was now clear that Romulus had chosen the preordained place. Leaving his brother scorn and filled with anger. On 21 April 753 BC, a holiday of the shepherds, the first stone was laid. The foundation of the new town marked the end of Remus. It had been decided that no-one could pass the boundary without permission of Romulus. Remus out of spite or as a goof jumped over the wall, and laughed at its size. Romulus, enraged by

Loyalty Schemes Information Management, Financial Management and Human Resources Management on Examples of Starbucks and Nectar

Blackberry Right Strategy Essay Example

Blackberry Right Strategy Essay Example Blackberry Right Strategy Essay Blackberry Right Strategy Essay The implementation of correct strategy in an organization is of vital importance. The reason for this is that strategy helps an organization to reach goals and it helps an organization to prosper. The correct Strategy and implementation also helps an organization to have a competitive advantage over its rivals. An organization with a competitive advantage can dictate terms to its rivals and can buy of niche markets supplying similar products. The aim of this assignment is to form an analysis of the strategic positioning of blackberry’s firm. This assignment will compare blackberry to its arch rivals and will review if blackberry’s performance is better than its rivals or not. We will also explain the reason behind the rebranding phase from the change of Research in motion to Blackberry. We will assess if we agree with the current strategies or not, and give a reason to why we think so. RESEARCH IN MOTION REBRANDS ITSELF AS BLACKBERRY CEO Thorsten Heins announced that his company will no longer be known as Research in Motion at a Blackberry event. He stated that it will be rebranded as â€Å"BLACKBERRY†. We have reinvented the company, and we want to represent this in our brand, Heins said. One brand. One promise. Our customers use a BlackBerry, our employees work for BlackBerry, and our shareholders are owners of BlackBerry. (Website 1). Blackberry is also changing its stock symbols to reflect the change. It will be listed as BBRY in NASDAQ and BB in TSX. * It’s out with the old and in with the new as RIM rebrands itself with a new name, a new operating system and a new phone. It’s a bold step for a company that made several missteps after ruling the smartphone segment and believes it must start over from scratch with new products and a new brand. By changing its name and launching an excellent operating system that runs on impressive phones, BlackBerry is doing more than writing a new chapter. It’s starting a new book. The importance of this cannot be overstated as the company that once defined the smartphone segment struggles to remain relevant in the era of Google and Apple. Even though Blackberry is turning this new leaf through Rebranding they must not forget that whilst they were regrouping their competitors were constantly improving. Samsung and Apple in particular have become so dominant in the mobile industry. They managed to get into the cell phone industry through their Brand names Samsung and Apple which are world renown and very reliable products. Once in they took the world by storm by releasing A grade products in the Smartphone industry and have just made their Brands stronger. Blackberry needs to recognize their presence and start becoming much more innovative than they have been in the past. They need to ensure that they build a strong brand to compete and become better than the likes of Samsung and Apple. STRATEGIC POSITIONING OF BLACKBERRY Strategic positioning is the overall intended objectives and approach to a situation. Most business managers will carefully develop a well thought out strategic position and take considerable steps to communicate it to staff clearly so that all parts of the business can be operating towards the firms stated goals. Blackberry has to realise that they are competing in a high velocity market which is turbulent. What this means is that the technology is improving at such a rapid pace that they have to keep up to the pace otherwise they will fall back in the race to supremacy in the phenomenon of Smartphones. Short product life cycle poses a huge threat to Blackberry therefor in order to eliminate this demon they need to ensure that they constantly invest aggressively in Ramp;D to stay on the leading of technological know how (Corporate Strategy Notes, Tailoring Strategy to Fit Specific Industry and Company Situations, Page 4 of 8). At Present Blackberry is not doing so therefore their strategic position is unstable and they face the problem of falling behind their current rivals and new rivals. A case in point is Blackberry. Not so long ago, it was arguably the standard corporate accessory. If you were working for a blue chip multinational, chances are that a Blackberry phone was your standard issue kit. Now it’s very different. Apple’s iPhone has successfully made the transition from niche to mainstream use, while Samsung and other android mobile providers have developed feature-rich devices for non-Apple users. Blackberry got squeezed from both sides, and is now struggling to define its relevance. It recently launched its new product, the Z10, which at first glance could be mistaken for the iPhone. While it’s not easy for a brand to create a strong and differentiated competitive position in a crowded marketplace, that’s a more sustainable strategic alternative than either a) copying your competition or b) ignoring your competition in the hope that it will go away. As competitive positioning strategies go, this â€Å"head in the sand† approach is not only wishful thinking, but does nothing to build a brand’s credibility. Effective competitive positioning demands that you understand not only the real benefits your product offers to your customer base, but that you also understand and can articulate how those measure up against your competitors. Pretending they don’t exist gets you nowhere. The strategy chosen by Blackberry is dependent on situational factors and the direction the organizations owners wish to take. At present the situational factors include the threat and competition posed by Apple and Samsung in particular as they are emerging and improving day by day therefore Blackberry has to have the right strategy in order to keep up with them. Blackberry’s strategic position in the market is unstable at present because of the several external and internal forces being presented. The reason that we say it is unstable is because internally Blackberry is carrying out their strategies efficiently. That doesn’t mean that they are in a good place, because you can have Great Strategies, but they could be implemented poorly and in this case you can have mediocre strategies which are being implemented brilliantly. The efficient implementation masks that the strategy is mediocre but as we see in the performance of the product on a financial and technological level it does not live up to the standards in the competing smartphone industry. Therefore this is our core reason for saying that Blackberry’s strategic position is unstable. IF they don’t change their strategic position from being unstable to stable it may cause them to falter in years to come. If Blackberry releases a new line of Smartphones and they are a flop in the industry they will go from bad to worse and the consequence of that will result in the company losing lots of profit. If they do decide to formulate new strategies and implement them with efficiency it will result in them being able to compete in the market more fiercely and they would become much more financially and technologically stable. Whilst it is very easy of the tongue to say we are just going to adopt new strategies and succeed, we need to ensure we carry out Research and Development actions to ensure we obtain vital information to devise a plan of how we are going to go forward. RESEARCH AND DEVELOPMENT Research and Development departments are common in many larger companies, especially those working with newer products or technologies subject to important shifts. While research and development work can be instrumental in creating new products or adding features to old products, the work that the department does is more complex than simple innovation. Ramp;D is connected to marketing, cost management and other parts of business strategy. (Website 2) Blackberry has made a valiant effort with their Ramp;D department however it isn’t fully up to the standards of their competitors in the ndustry. This doesn’t mean that they are bad, their competitors are just on another level at present. More efficient Research and Development will ensure they get on par or even surpass the performance of their competitors. Blackberry has been good in the development phase as they have had their set norms being the Curve, Bold and Torch which they have developed and upgraded really well ov er the years. The curve has had the 8900 which was primarily 2G, however through development they now offer the 9380 which has a 2G-3G option and that is just focusing on one aspect. Others may include a slimmer phone, more user friendly buttons, variety of different colour options etc. This shows us that the Smartphone is constantly improving however it isn’t going that extra mile to ensure that they get a larger market share. A possible reason for this is that Blackberry is content with their profit as it stands and they do not want to risk investment being lost if they have a new proposition being a flop. The consequences of Risks are Rewards or Punishment and there is a very fine line between them. Blackberry has come out their shell in recent months with their release of the Q10 and Z10 Smartphones however it hasn’t really lifted off the ground very well. Sales are low and there consumers prefer the Apple iPhone or the Samsung S3 because they feel it is much easier to use and it has more to offer. The new release looks somewhat identical to the iPhone, some begin to think that Blackberry has adopted the strategy of copying the competition thinking that it may benefit them however the technology also has to match that of the iPhone, and so far it isn’t living up to those standards. Therefore Blackberry needs to go back to the drawing board and carry out thorough Research and Development programmes on how they really want to move forward because the Q10 and Z10 is more of a flop then a success as it stands. Even though the overall outlook on the new release is good, it still falls short of the standards of its competitors. Blackberry needs to find that cutting edge and decisive new form of technology that will allow them to compete up there with the likes of Samsung and Apple or even better them. For now they are just playing second fiddle and trying to catch up to the rapid pace that their competitors are moving at. The External Environment PORTER Porter’s 5 force analysis plays a vital role in how Blackberry goes about working around competition, and how they isolate competitive advantage or disadvantage of the company. It will also enable Blackberry to strategize accordingly to ensure they are up to standards in the market. 1. Competitive pressures associated with the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry†. The 1st Force enables for Blackberry to distinguish their Rival sellers in the industry and be able to release new cutting edge technology that is better than theirs in order for them to keep up to speed and stay ahead of the competition. 2. â€Å"Competitive pressures associated with the threat of new entrants into the market†. This Force enables Blackberry to realise that there is alwa ys the threat of new entrants in the market. To eliminate this pressure Blackberry always needs to have the latest technology to ensure that if new entrants emerge in the market with good technology they can compete with them or eliminate them instead of losing market share. 3. â€Å"Competitive pressures coming from the attempts of companies in other industries to win buyers over to their own substitute products†. The 3rd Force shows Blackberry that companies like Samsung and Apple who are generally associated with Tv’s and Ipod’s respectively in a totally different industry can come into the market with substitute products and compete with them. At present Samsung and Apple have first class products with the best technology and Blackberry is falling back very fast. This is a major area of concern and is an area where Blackberry needs to catch up with very fast or it will result in them soon being a midget in the market. 4. â€Å"Competitive pressures stemming from buyer bargaining power and seller-buyer collaboration†. From the 4th force Blackberry realise that it must have a good customer relationship in order for them to gain a bigger market share. Blackberry must allow the buyer some bargaining power otherwise the buyer will feel hard done by and may seek elsewhere. There must be a good level of collaboration between buyer and supplier that will ensure that Blackberry moves forward smoothly in the market. 5. â€Å"Competitive pressure stemming from supplier bargaining power and supplier-seller collaboration†. The 5th force shows Blackberry that they must have a good relationship with their suppliers in order to obtain their materials at good low prices. If the collaboration is good the result would be low production cost and higher profits. (Corporate Strategy Notes, Analysing the External Environment, Page 2 0f 6) GENERAL INDIRECT ENVIRONMENT (PESTEL) There are some factors that Blackberry has no control of in the external environment and they have to work around these problems. On the Political Sphere they are affected by the taxation policy which may ultimately affect their returns therefore they need to ensure that their profits are good and their tax is up to date which will enable them to be in the safe zone with the tax man. They have to also come to terms with the foreign tax regulations. The Economic sector is probably one of the most delicate. Changes in the economic sector have to be acted upon stealthily because it can affect the Blackberry in a big way. Inflation poses a big threat because with inflation comes higher cost for everything. Interest rates also play a major role. Social influence is a sector which Blackberry thrives on. The social sector includes lifestyle changes, levels of education, social mobility etc. The aim of Blackberry is to attract the masses with their product which will enable them to become more connected socially. Their Blackberry Messenger service does wonders in regard to this because it allows people to network at a high pace. The technological environment poses one of the biggest threats to Blackberry. As technology is rapidly improving it will be up to Blackberry to keep up with the pace, if not then they will lag behind and may suffer losses. They have no control over how fast technology improves therefore they will have to be on the ball. The Environmental sector includes waste disposal and energy consumption in connection with Blackberry. Blackberry needs to find the most efficient and green methods in manufacturing their product in order for them to save money and be safe in regard to the protection laws. Blackberry has to ensure at all times that they do not violate any labour laws and Employment laws. They must also make sure that they are keeping up to scratch with the Health and Safety Standards to ensure they don’t obtain any fines that would cause them loss of profit. (Strategic and Operations Management, Module 5, External Environment Assessment, General Indirect Environment, Page 23) SWOT ANALYSIS The purpose of the Swot analysis for Blackberry is to clearly identify their strengths, weaknesses, opportunities and threats. It is important for Blackberry to know where they stand and where they need to improve. Blackberry has various strengths in the industry. Their social networks are among the best out there and this is probably the only reason that Blackberry is surviving in the market. They need to continue using this as their major advantage over their rivals. At present Blackberry has a large consumer base because of its social network BBM, it enables people to network socially and for business. Blackberry need to continue enhancing the technology in this sphere to ensure they keep the market interested with the product. Another Strength of Blackberry is that they offer you a variety of phones to choose from, it isn’t as limited as to the likes of Samsung and Apple. This offers the customer a choice as to what they prefer, many may not like a specific design so they opt for something else and Blackberry has many choices to offer therefore this is a major strength for them. Blackberry has many weaknesses which they need to rectify in order to keep up to the likes of Samsung and Apple in the industry. Blackberry does not advertise as much as Samsung and Apple, this means that their rivals are getting much more exposure than them. They need to rectify this matter otherwise they will quickly lose market share and consumer base. They need to advertise on platforms like television, radio and billboards in busy areas in order to make customers aware of their product. Blackberry has a lot of software problems which need to be rectified. They don’t have many features as to the likes of Samsung and Apple, this means that they begin to lag behind the likes of their competitors. Therefore Blackberry needs to carry out Ramp;D programmes in order for them to come up to standards. There will always be opportunities for Blackberry in the market and they need to pounce on them in order to move forward consistently. Blackberry Applications are constantly improving and this forms a major opportunity for them as customers like good applications and with the improvement they can lure more customers in. Blackberry Pricing is becoming more and more affordable for the average man and this is a good opportunity for Blackberry to cut profits and lower prices in order to get a large customer. Threats are the major concern of Blackberry because this is what dictates how they perform in the market based on the performance of their competitors. The major threat comes from the likes of Samsung and Apple because of their ability to be innovative to the extremes and release cutting edge technology on a regular basis. This will cause Blackberry to seriously lag behind therefore it poses a major threat. RECCOMENDATIONS We recommend that Blackberry develops new strategies in order to compete strongly in the market again because as it stands with their current strategies they are fairly unstable and in huge trouble if they mess up the slightest bit. Blackberry needs to do more advertising compared to Samsung and Apple to ensure that they are able to compete in the industry strongly. They need to implement long term corporate strategies in order to better their strategic positions. They need to have excellent strategies and implement them accordingly in order to become a better company. Blackberry needs to do more market research on the external environment. As we know the external environment is uncontrollable however Blackberry must develop back up plans that will enable them to adapt to change accordingly in the external environment. They need to research and monitor the progress of their competitors in order to keep up to par or keep ahead of them in the technology sphere in order to claim a larger consumer base. Blackberry needs to carry out more thorough Ramp;D programmes in order for them to develop new cutting edge technology which they can offer to their consumers, they further need to incorporate many more features in the phone which will make consumers much more interested in the product. The prime reason that we do not agree with the current strategies of Blackberry is because with their current strategies their strategic position is very weak. In order to change this Blackberry needs to adopt all of the above in order to come up to scratch with their rivals. CONCLUSION We have come to a collective agreement that Blackberry is still a major force in the smartphone industry however they are beginning to fade because of the competition in the industry. Blackberry lacks a good decisive strategy in order to compete on the levels of Samsung and Blackberry. Their technology is good but it’s not the best. They are not able to keep up to the speed that technology is improving and this is causing them to fall behind very fast. More thorough Ramp;D programmes and better strategies will enable them to fight their way back into the market and will give them the opportunity to get on par with their competitors and even surpass them. If they decide to keep their current strategies they will face the consequence of losing their large consumer base which they have achieved with great difficulty. They will lose a massive market share to the likes of their rivals and new entrants into the smartphone industry. Their stock shares have dropped drastically over the last few months because their sales have dropped substantially and the release of their new phone Z10 has not lived up to their expectations. Therefore this will result in them further falling behind in the industry. Now it is up to their corporates to formulate and devise new strategies and implement them with efficiency in order to move forward.

Spss8 Essay Example | Topics and Well Written Essays - 1750 words

Spss8 - Essay Example 2. Is the type of beverage ordered with lunch at a restaurant independent of the age of the customer? A random sample of 309 lunch customers is taken, resulting in the following results. Determine whether the two variables are independent at 95% level of significance. (4 points) The p value is .000, which is lower than 0.05 suggests a relationship between age and type of beverage. The null hypothesis is thus rejected and the conclusion is that type beverage and age are related. 3. In one survey, successful women meeting managers were asked to state their personal definition of success in terms of several categories from which they could select. Thirty-nine percent responded that happiness was their definition, 12% said that sales/profit was their definition, 18% responded that helping others was their definition, and 31% responded that achievement/challenge was their definition of success. Suppose that you want to determine whether men meeting managers felt the same way and took a random sample of men meeting managers, resulting in the data shown. Use the Chi-square test to determine whether the observed frequency distribution of data for men meeting managers is the same as the distribution for women meeting managers. Let ÃŽ ± = .05. (4 points) The test statistics table shows a very small computed Chi-square value 201.56 and a very small p-value 0.00, which is smaller than 0.05. Therefore, H0 is rejected, and hence there is a difference between the successful women and those who were randomly sampled. 4. Is there a relationship between having a lap-top computer and a person’s profession? A survey of 187 managers of three professions: travel manager, lawyers and accountants, was conducted to investigate this question. Results are presented in the following table. Test whether having a lap-top computer is independent of profession at 95% level of significance. (4 points) The p value is