ECON 401 Assignment 1 Essay

ECON 401 Assignment 1 Essay ECON 401 Assignment 1 Essay ECON 401 Assignment 1, adaptation B-Globalization of business sectors: Moving ceaselessly from a financial framework wherein national markets are particular and elements, separated by profession hindrances and obstructions of separation, time and culture, and towards a framework where national markets are rising into one worldwide market. Model: McDonalds adjusting their menus to individuals evolving inclinations. So as to remain serious, McDonalds needed to adjust a more beneficial menu. Likewise McDonalds understood that their clients need a spot where they can have a gathering, a spot to â€Å"hangout†, in this way bunches of McDonalds in Grande Prairie revamped their eatery and changed the manner in which their menu is intended to make it all the more engaging, and more advantageous, for the purchaser. They likewise offer free Wi-Fi for their clients who need to do their business while they are making the most of their suppers. Globalization of Production: tend by singular firms to scatter portions of their gainful procedures to various areas around the world to exploit contrasts in expenses and nature of components of creation. Model: Nike chose to move where the creation was made for their item to china to save money on expenses of work to make a higher net revenue. By doing this they had the option to expand their incomes and furthermore the work laws in those nations are not equivalent to North America, thusly they can make more item in a less measure of time since breaks probably won't be required in a nation, similar to China. While, they would be in North America. 1. The Venezuelan economy instructs us that when a despot is in charge, it very well may be downright awful for the nation. With a despot like Chavez in charge of political choices, only one out of every odd choice made will profit the nation. For instance, â€Å"in 2009, when Chavez likewise broadened administrative power over the media and making them just incompletely free† (p.50 International business, Hill 2010). One of the beneficial things that occurred under Chavez’s control is that the administration portion of GPD expanded from 20%at the finish of the 1990’s to practically 40% in 2008. Nonetheless, when the oil costs fell in 2008/2009, the Venezuelan economy went into switch, contracting by 3.3%in 2009 and 2.8% in 2010. (P.50 International business, Hill 2010). The future flourishing and ways of life appeared to have increment in the later years yet not because of the reality of the economy however increasingly because of the way that worldwide organiza tions will pay billions for poor nations to sell them their assets and the follow through on them the cost its really worth. As I would see it, the guess for the Venezuelan economy will keep on expanding in light of the fact that the global organizations like Shell, for instance, need the assets that a nation, similar to Venezuela, brings to the table. A nation, similar to Venezuela, is appealing to universal organizations on the grounds that there is an immense opportunities for organization to make billions of dollars of this nation. In the event that the oil costs were to withdraw from their present elevated level I don’t figure Venezuela would have a similar thriving on the grounds that oil send out is the principle pay for this nation and if the oil fare would diminish this nation wouldn’t have a similar income therefor wouldn’t have a similar success. 2. As indicated by Joseph Stiglitz the issue with the solid principles to ensure licensed innovation and licenses, particularly comparable to medications are the length of you don’t have laws set up to secure those property right there’s nothing set up so as to secure them you can have administers set up however doesn’t mean everybody will keep those guidelines. For instance for a situation concentrate in part six called â€Å"The ascent of India’s tranquilize industry† this story is one of the best stories in worldwide exchange my supposition since India secured their property rights and had the option to make a large number of dollars and furthermore to shield themselves from different organizations or nation taking their thoughts after they spent

Historical Court Cases and Landmark legislation on Special Education Free Essays

Chronicled legal disputes and milestone enactment on a specialized curriculum schools have impactsly affected guardians, youngsters just as the school and have legitimately affected on different exercises and decides that oversee custom curriculum in our schools today. In spite of the fact that there are different chronicled court decisions on a custom curriculum, in this paper I will underscore on four cases to show how their decision have affected today’s specialized curriculum. The main case to talk about was introduced in 1972 by the Association for impeded residents (PARC) versus We will compose a custom article test on Verifiable Court Cases and Landmark enactment on Special Education or on the other hand any comparative subject just for you Request Now the Pennsylvania where youngsters were not permitted in government funded school on the off chance that they had certain attributes. A portion of the kids were informed that they couldn't go to schools as a result of their shocking appearances, which could somehow or another be depicted as monstrous to take a gander at. The court deciding held that each kid reserved a privilege to free and a government funded instruction. This decision has sway on a custom curriculum even today in that, it has empowered each kid to approach of a free government funded instruction since it is right of kids to get training regardless of their incapacities or looks. It has likewise empowered youngsters to openly cooperate with the others in school despite the fact that physical appearance of some of them might be loathsome. For the situation introduced in 1979 by the Armstrong versus Kline in Pennsylvania where the understudies who had incapacities were not permitted to go to the mid year school regardless of whether the program was given to the empowered understudies. The guardians made a solicitation to the locale to give this program to uncommon understudies who have handicaps. The court deciding held that understudies who have extreme inabilities are entitled the privilege of Extended School Year (ESY). Assurance of this would be the by the utilization explicit information, which will be a piece of individual program in training. The effect of this decision is that youngsters with handicaps up to presently get instruction in a long span throughout the year than different kids particularly in the schools of a custom curriculum for understudies with incapacities. For another situation introduced in 1988, Honig versus Doe, two understudies with analyzed conduct issue where every one of them suspended due to carrying on. The guardians were of the view that, both these understudies were being rebuffed due to their incapacity. The court held that understudies who have impediment ought not be ousted out of school because of debilitation related practices. The effect of this decision is that during the time spent rebuffing an understudy with inabilities, one should think on what sort of discipline he should give. This has incited instructors to devise appropriate methods and methods of rebuffing these understudies in schools. The fourth case to talk about here was introduced on 1989, Daniel R.R versus The state training board. Guardians needed Daniel to be placed in standard school program despite the fact that he was problematic and hollering in the class. The court held that schools can have utilization of request of two sections with the goal that they can decide stretch out to which a youngster should have been mainstreamed or to confirm that ordinary study hall had a learning room condition. The effect of this decision is that a youngster who is problematic can not be put in one study hall with different kids since he can make the study hall not to have a decent learning condition, which will influence the learning of different kids. This is what is placed by and by even today and that is the reason there are uncommon schools for understudies with such handicaps. Step by step instructions to refer to Historical Court Cases and Landmark enactment on Special Education, Papers

Minor Parties

Effect of Minor Parties In this paper, I will talk about the effect of minor gatherings. Minor gatherings are ideological groups who have practically no effect on decisions because of the measure of supporters as well as cash is placed into the gathering. Be that as it may, in the United States, minor gatherings now and then hugy affect legislative issues and races, regardless of whether it’s simply getting their assertion out there and the significant gatherings really tune in and examine their issues, or they can even change which significant gathering wins the political race. Whatever the case might be, it shows that minor gatherings are similarly as viable as the significant gatherings, in spite of the fact that they have never come out on top.Just on the grounds that they are minor, doesn't mean they have no state or no effect in government. They are similarly as significant as the significant gatherings, and they ought to consistently be contemplated during political dec ision time. As I would like to think, I think minor gatherings are extraordinary for this nation. They acquire various perspectives and thoughts, and I like to hear what some of them need to state. The United States is a free nation, and in the principal alteration of the Constitution, it permits us the privilege of free discourse. This implies anybody can communicate their contemplations and perspectives on pretty much anything, and the minor gatherings do just that.They have gotten a state in governmental issues, and the significant gatherings some of the time bring the minor parties’ issues into conversation since they concur that their issue is a major issue, and it should be fixed. I think it’s great that we don’t consistently need to hear a similar exhausting stuff about issues we definitely think about. Despite the fact that they may always lose a presidential political race, at any rate there is some gathering out there that comprehends the issues that t he significant gatherings nor most of the United States residents never truly thought about.There has been a long history of minor gathering competitors running for President, beginning with the Anti-Masonic Party drove by William Whit in 1832, and finishing with the Reformist Party drove by Ross Perot in 1996. There have even been effective minor gatherings. A few models are Theodore Roosevelt’s Bull Moose Party in 1912, John Breckenridge’s Southern Democrat Party in 1860, and the best and ongoing one within recent memory Ross Perot’s Independent Party in 1992. These gatherings I referenced had an effect on their regarded decisions, and as a result of them, they acquired new thoughts and have formed our current government.In this section, I will talk about the 1992 political race, and how a minor gathering extraordinarily affected this political race. In 1992, the Independent Party drove by Ross Perot was facing George W. Shrubbery Sr. of the Republican Party a nd Bill Clinton of the Democratic Party. Perot was an individual from the Republican Party before the political decision, but since of his conflicts with both of the parties’ issues, he chose to run as an autonomous. Shrubbery Sr. was the present President, and was a shoe in for this political decision, but since of Perot’s exchanging of gatherings and how vocal he was, Bush lost supporters, while Perot increased a lot.Because of this, Clinton won with just 43% of the mainstream vote, while Bush had about 37%, and Perot had about 20%. This was one of the main occasions a President was chosen into office without the greater part vote. This turned into the defining moment on how the individuals saw minor gatherings, and from that point forward, the administration has begun to tune in to their perspectives all the more frequently. There are even two independents in the Senate at this moment, taking the effect of minor gatherings another above and beyond. With these minor gatherings there are supporters of them and there are individuals who are against them.The supporters of minor gatherings in the United States are clearly the minor gatherings themselves and the individuals who bolster them since they need a state in legislative issues so the present government can examine them, and potentially change things around a little to their advantage if important. Another supporter would be the significant party who got into office in a political race as a result of the minor gatherings supposing that it weren’t for the minor gatherings and their ubiquity at that point, the major party’s up-and-comer may have not gotten into office.The individuals who contradict them would most likely be the significant gatherings who lose a political decision because of the minor gatherings on the grounds that the minor gatherings screwed them over from winning a presidential political race. For instance, the Republican Party was more than likely irate at Per ot for leaving their gathering, yet in addition costing them the 1992 political race. The Democrats were clearly cheerful in such a case that it weren’t for Perot, Clinton would have never been President that year. All in all, minor gatherings are extraordinary for our nation. Despite the fact that they always lose, they despite everything affect governmental issues and once in a while the elections.The just elective I would recommend would be for the significant gatherings to listen more to the minor gatherings on the grounds that starting at the present moment, no good thing is being accomplished for this nation to be convoluted. There is a lot of partisanship in the administration at this moment, and nobody is happy to work with each other on the grounds that they are just worried about their perspectives and their party’s sees, without mulling over others’ sees. A minor gathering may host a smart thought that the two gatherings like, and it might have the op tion to bring some bipartisanship back in the legislature and even assistance our economy a little bit.There is nothing amiss with minor gatherings in this nation, and I trust the significant gatherings tune in to a greater amount of their thoughts later on. Works Cited Leip, David. â€Å"1992 Presidential General Election Results. † US Selection Atlas. N. p. , n. d. Web. 18 Mar. 2013. Lightman, Max. â€Å"The Role of Minor Parties in Politics. † Slideshare. N. p. , 30 Apr. 2008. Web. 18 Mar. 2013. Salka, William M. â€Å"The Impact of Minor Parties on Electoral Competition: An Examination of US. † N. p. , n. d. Web. 18 Mar. 2013.

Relapse Prevention Plan Essay Example | Topics and Well Written Essays - 250 words

Backslide Prevention Plan - Essay Example The underlying methodology for early backslide counteraction that Jed should utilize is as per the following: he ought to perceive that he is experiencing an enthusiastic backslide that is changing his conduct; he ought to likewise perceive that he is disconnecting himself and along these lines he ought to request help. In any case, Jed ought to comprehend that he is on edge and should utilize new unwinding procedures (Addictions and Recovery.org, 2012). Thus he ought to perceive that his eating and dozing propensities are disintegrating and practice great self-care. Drawn out passionate backslide will make him depleted which may incite him to return to drinking; this will result into mental backslide (Melemis, 2012). The best way to evade backslide is that he should take great self-care, and on the off chance that he cant, he ought to request help. At whatever point he feels a drinking urge he should call a companion, a help, or somebody in recuperation and offer what he is experiencing. The second he shares his sentiments, the urge will naturally vanish (Clarkson,

Customer Satisfaction Of Airtel & Grameenphone Essay Example for Free

Consumer loyalty Of Airtel Grameenphone Essay 1. Presentation The presentation of the media transmission part has been truly late in Bangladesh contrasted with that of the neighboring nations. The versatile media transmission administration has been multiplying on a yearly premise in the course of the last a few years. Presently a-days there are six cell phone administrators in the nation with Grameen telephone, Robi, Teletalk, Banglalink, Airtel and Citycell. They are offering distinctive new bundle and offers diverse worth added administrations to fulfill the clients ‘demands. Consumer loyalty is a central showcasing build over the most recent three decades. Previously, it was disagreeable and unaccepted idea since organizations thought it was more essential to increase new clients than hold the current ones. In any case, in this current decade, organizations have increased better comprehension of the significance of consumer loyalty (particularly administration creating organizations) and received it as a high need operational objective. Consumer loyalty, a term as often as possible utilized in showcasing, is a proportion of how items and administrations provided by an organization meet or outperform client desire. Consumer loyalty is characterized as the quantity of clients, or level of absolute clients, whose revealed involvement in a firm, its items, or its administrations (appraisals) surpasses indicated fulfillment objectives. Individuals in Bangladesh are turning out to be occupied step by step and more expert than past. They have to share more data to one another in light of the fact that demography has changed because of the time of globalization. Cell phone has presented a gigantic change in the correspondence division in our nation. It has changed the correspondence structure moreover. Individuals in different occupations and pay levels are utilizing cell phone seriously for their word related reason and individual reason also. 1.1 Basic data The telecom part of Bangladesh started its excursion with land telephone. At that point SEBA was the main organization to bring cell telephone utilities. The telecom segment has totally changed both as far as inclusion and productivity of administrations. Cell telephone utilities have made incredible business progress. For most firms, the superior objective is to amplify the estimation of theâ firm for its proprietors or investors. Expanding rivalry (regardless of whether for-benefit or philanthropic) is driving organizations to give substantially more consideration to fulfill clients. The condition of fulfillment relies upon various both mental and physical factors, which associate with fulfillment practices. For this larger part of the organizations is attempting to be a client situated, client centered, or even-client driven endeavor. Airtel is one of the late movers in media transmission part of Bangladesh. What's more, similar to all other telecom organizations, it is making a decent attempt to enter the market and take a few to get back some composure of noteworthy piece of the overall industry through their esteemed clients. 1.2 Background data Airtel Bangladesh Ltd. is a GSM-based cell administrator in Bangladesh.Airtel is the 6th cell phone transporter to enter the Bangladesh advertise, andoriginally propelled business tasks under the brand name WaridTelecom on May 10, 2007. Warid Telecom International LLC, an Abu Dhabi basedconsortium, sold a dominant part 70% stake in the organization to Indias Bharti AirtelLimited for US$300 million. Bharti Airtel Limited assumed administration responsibility for thecompany and its board, and rebranded the companys benefits under its ownAirtel image from December 20, 2010. The Bangladesh Telecommunication Regulatory Commission affirmed the arrangement on Jan 4, 2010. Grameenphone broadly known as GP, is the main media communications specialist organization in Bangladesh. With more than 46.04 million supporters (as of September 2013), Grameenphone is the biggest cell phone administrator in the nation. It is a joint endeavor venture among Telenor and Grameen Telecom Corporation, a non-be nefit sister worry of the universally acclaimed microfinance association and network advancement bank Grameen Bank. Telenor, the biggest broadcast communications organization in Norway, claims 55.8% portions of Grameenphone, Grameen Telecom possesses 34.2% and the staying 10% is freely held. Grameenphone was the principal organization to present GSM innovation in Bangladesh. It likewise settled the initial 24-hour Call Center to help its supporters. With the trademark Go Beyond, Grameenphone guarantees its clients to bring the best of correspondence innovations so they can Go Beyond. 1.3 Objective of the report The target of the report is isolated into two sections. They are explicit andâ broad goals. The particular and wide target of this report is given underneath: 1. Expansive Objective: The wide goal of this report is to discover the consumer loyalty level of Airtel Grameenphone clients. 2. Explicit Objectives: The particular goals will be To discover explicit zones of fulfillment of Airtel Grameenphone clients To make sense of explicit territories of disappointment of Airtel Grameenphone clients To realize the general fulfillment level of the clients To make sense of conceivable improvement areas to diminish disappointment To know the better specialist co-op between this two organizations 1.4 Literature Review Airtel is the sixth cell phone transporter to enter the Bangladesh showcase and propelled business procedure on May 10, 2007. Indias bharti Airtel constrained purchased 70% portion of Warid telecom global. This is the biggest interest in Bangladesh made by an Indian organization. Airtel offers both paid ahead of time and postpaid associations with heaps of enhanced bundles to its clients. It additionally offers huge worth added administrations to its supporters. The following is a depiction of course of events of Warid Telecom in Bangladesh, Bharti Airtel and its taking over Warid: In December 2005, Warid Telecom International paid US$ 50 million to get a GSM permit from the BTRC and turned into the 6th cell phone administrator in Bangladesh. In a question and answer session on August 17, 2006, Warid declared that its system would be actuated two months in front of calendar, in October, 2006. Again in October, 2006 Warid Telecom put off the dispatch of its mobile phone benefits in Ba ngladesh until April, 2007 after its significant provider Nokia left an understanding over an installment contest. Warid had a delicate dispatch toward the finish of January 2007. It parted with complimentary memberships among a chose gathering of people, whose activity was to make test calls and the administrator balanced its systems quality dependent on their remarks. On May 9, 2007, Warid in a notice in some day by day paper expressed that it would dispatch freely on May 10, 2007. Nonetheless, no call rate or any bundle subtleties were uncovered. The ad incorporated a declaration for the individuals intrigued to purchase Warid associations with bring the archives like ID card, and so forth., to theâ designated establishment and client care focuses. On October 1, 2007, Warid Telecom extended its system to five additional locale raising all out number of areas under Warid inclusion to 56, said an official statement. Mymensingh, Jamalpur, Sherpur, Rajbari and Narail towns were secured by Warid arrange. On November 10, 2007, 61 regions under Warid organize inclusion. On June 10, 2008, Warid Telecom extended its system to 3 additional areas Bandarban, Khagrachhari and Rangamati. Presently every one of the 64 locale of Bangladesh are under Warid arrange inclusion meaning Warid Telecom currently has across the nation inclusion. On December 20, 2010, Warid Telecom was rebranded to Airtel. Bharti Airtel Limited is normally known as Airtel. It is an Indian media commun ications organization that works in 20 nations across South Asia, Africa and the Channel Islands. It works a GSM organize in all nations, giving 2G, 3G and 4G administrations relying on the nation of activity. Airtel is the third biggest telecom administrator on the planet with over 243.336 million clients across 20 nations as of March 2012. It is the biggest cell specialist organization in India, with more than 181 million supporters toward the finish of March 2012. Airtel is the third biggest in-nation portable administrator by supporter base, behind China Mobile and China Unicom. Airtel is the biggest supplier of versatile communication and second biggest supplier of fixed communication in India, and is likewise a supplier of broadband and membership TV administrations. It offers its telecom benefits under the Airtel brand, and is going by Sunil Bharti Mittal. Bharti Airtel is the main Indian telecom specialist organization to accomplish Cisco Gold Certification. It likewise goes about as a transporter for national and global significant distance correspondence administrations. The organization has a submarine link landing station at Chennai, which associates the submarine link interfac ing Chennai and Singapore. Airtel is known for being the main cell phone organization on the planet to redistribute the entirety of its business tasks with the exception of showcasing, deals and account. Its networkâ€base stations, microwave joins, etc.â€is kept up by Ericsson, Nokia Siemens Network and Huawei, and business support is given by IBM, and transmission towers are kept up by another organization (Bharti Infratel Ltd. in India). Ericsson concurred just because to be paid constantly for establishment and support of their hardware as opposed to being settled in advance, which permitted Airtel to give low call rates. Bharti Airtel started its excursion in Bangladesh in December 2010 when it gained 70 percent stockâ of Warid Telecom of Abu Dhabi Group. In this way, it tends to be said that Airtel Bangladesh has quite recently finished its lady year in the nation. What's more, inside this timeframe, the administrator has likewise made a tremendous opening for work in differing portions of the association and as of August 2013, Airtel Bangladesh has 7.97 million endorsers with 7.3% of piece of the overall industry. Before Grameenphone’s origin, the telephone was for a chosen urbanized not many. The mobile phone was an extravagance: a mocking adornment for the select elite.The m

Less Mills International Essay - 275 Words

Less Mills International (Research Paper Sample) Content: ManagementNameInstitutional Affiliation Table of Contents TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc389642774"
Executive Summary  PAGEREF _Toc389642774 \h
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1.0 Introduction  PAGEREF _Toc389642775 \h
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2.0 Uniqueness of small businesses and the agency theory  PAGEREF _Toc389642776 \h
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3.0 Strengths  PAGEREF _Toc389642777 \h
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3.1 Internal Strength: Marketing  PAGEREF _Toc389642778 \h
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3.3 Technological Strengths  PAGEREF _Toc389642779 \h
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4.0 Weaknesses  PAGEREF _Toc389642780 \h
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4.3 Technological and legal  PAGEREF _Toc389642783 \h
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5.0 7Ps Marketing Mix and Creating New products  PAGEREF _Toc389642784 \h
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6.0 Recommendations and Conclusion  PAGEREF _Toc389642785 \h
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6.1 Marketing: Strategic Marketing and Market Intelligence  PAGEREF _Toc389642786 \h
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6.2 Management  PAGEREF _Toc389642787 \h
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6.4 Overcoming Economic and financial constraints  PAGEREF _Toc389642789 \h
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6.5 Overcoming Cross-cultural Barriers  PAGEREF _Toc389642790 \h
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14 Executive SummaryThis paper serves two purposes. First, it analyses the internal and the external operating environ ment of Les Mills International in the context of the theory of uniqueness of small businesses. Secondly, it provides recommendations based on the analysis done in the first part using marketing and management theories applicable to operation of business in the international arena. Agency theory presents a unique proposition in relation to the operations of small businesses. Management theory has focused on the problems that arise due to separation of ownership from management in conventional corporates; this has led to emergence of the agency theory. The agency problem is however not existent in small businesses because of the fusion of management with ownership. This presents special challenges for stakeholders and the firm. For example, the lack of transparency in operation and the scantiness of information is a concern for stakeholders in these small businesses. Therefore, businesses like LMI need to come up with measures to mitigate such problems. Longevity of operation has be nefitted the company since it has enabled it to understand the terrain well. To ensure increased growth, the company has collaborated with other big companies such as Nestle and Sony. The company rides on their brand recognition to elevate its own brand. The field of fitness training is gradually changing due to advances in technology. The company should re-align its business model to take advantage of these changes. The companys weaknesses include the threat of piracy, which decreases the companys revenue. The company also has limited capital to expand. This is due to the ownership structure of the company. Cultural differences are another obstacle that the company faces. The report has cited the 7Ps marketing mix and one cultural theory that the company can use to strengthen its position and overcome the weaknesses.1.0 IntroductionLes Mills International (LMI) is a sports and fitness company founded by Phillip Mills in 1997 in Auckland, New Zealand. The companys vision is to crea te a fitter planet through health living (Crossley, 2012). This report analyses the operations of LMI by looking at its strengths and weaknesses and attempting to find ways of optimizing those strengths and mitigating the weaknesses. It applies theories unique to operation of small businesses to help put the analysis in its right context. The report also fronts recommendation on the way forward for LMI. The final part outlines limitations of this report due to challenges encountered in its preparation. The structure of the report aims at establishing a good flow of the ideas; first performing a diagnosis, then a prognosis, while bearing in mind the limitations of the whole operation. 2.0 Uniqueness of small businesses and the agency theorySmall and medium sized enterprises have features that set them apart from the conventional forms of business, for example; their management structure is often incomplete and informal. The businesses are by-products of the entrepreneurial acumen of first generation entrepreneurs who pass on the baton to subsequent heirs. This is true of LMI, which is now in the hands of the second generation of the family. Owners of these businesses tend to have undiversified interests in the business, which is likely to be unlisted in the stock exchange since owners feel the need to maintain control (Fama Jensen, 1985). All these features are evident in LMI. This creates a special agency problem that is different from the traditional manager-owner agency relationship. The proprietor/owner in LMI is the manager. This may increase the cost of monitoring the business for outside stakeholders since they have lesser access to information than they would if the company was a public corporation. The business is also likely to suffer lack of managerial depth since top positions are a preserve of family members. Another problem that may arise is the risk of the company running into management problems due to succession hitches especially if the curre nt management fails to put in place a good succession plan. To overcome some of these unique challenges the management have to come up with unique solutions, for example to overcome high cost of credit, LMI should establish long-term relationships with a small number of creditors thereby ensuring a high number of transactions. With time, the creditors will have enough information about the company and the cost of credit will come down (Ang, 1991). 3.0 Strengths3.1 Internal Strength: Marketing The company is thoroughly familiar with the market terrain. LMI is an offshoot of the LMN, which started operations in 1968. This gives the company several advantages relating to longevity in the market. Forty-five years of operations is a long period and the company has accumulated tomes of research data of trends recorded over long durations. Longevity gives the company credibility, as people seem to trust institutions that have operated for a long period. For instance when looking for credit , financial institution are jittery when dealing with a start-up (Education for Enterprise, 2010). Established firms like LMI do not experience such problems since they probably have a long history of relationship with a particular bank. Such relationships may help the firm access credit on more favourable terms than if the firm was new. According to Gibson (2011), an investor approached Les Phillip (The majority shareholder) in 2011 with an offer to purchase the company for $ 100 million he turned down the offer. This underlines the credibility that LMI enjoys.3.2 Internal Strength: Management The company also enjoys a stable ownership and management structure. Crossley (2012) acknowledges that this has played an important role in the success of the company. The company has maintained a familial look from the beginning except from that brief period between 1984 and 1990 when the company listed in the NZST. After the stock market crash, the Phillip Mills bought back the company (Ed ucation for Enterprise, EFE, 2010). The company has few shareholders with the bulk of the company belonging to Phillip and the others distributed among the companys staff and a few private investors. This has provided stability for the company as decision-making is swift since fewer people need to ratify decisions. Decisions such as profits to plough back and the projects to pursue can be made quickly thus affording the company flexibility that is not found in public corporations.3.3 Technological Strengths The international market and advances in information communication technology offers LMI an interesting mix of opportunities that the company has started exploiting. Communication technology offers new ways of training and keeping clients interested in exercise. LMI has leveraged on information technology to create an exercise management application that can be installed on mobile phones. The website Gladeye (2014) features this application, named Momentum, and provides further i nformation about the program. The application helps individual to meet their training needs by enabling them to schedule their training programs. According to the site, the application also has customisable timetables, offers training tips, offers rewards for performance, and gives the user feedback. This represents a creative application of technology. 4.0 Weaknesses4.1 Economic and FinancialDelisting from the stock exchange was a double-edged sword; while it brought stability and flexibility to the firm, it also limited the firms capacity to raise funds for expansion. According to the EFE (2012), LMI is worth about $ 100 Million. The company has to expand at a very slow pace due to this financial constraint. The family is however not willing to loosen their grip on the company. In this case, the company will continue to ... Less Mills International Essay - 275 Words Less Mills International (Research Paper Sample) Content: ManagementNameInstitutional Affiliation Table of Contents TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc389642774"
Executive Summary  PAGEREF _Toc389642774 \h
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1.0 Introduction  PAGEREF _Toc389642775 \h
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2.0 Uniqueness of small businesses and the agency theory  PAGEREF _Toc389642776 \h
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3.0 Strengths  PAGEREF _Toc389642777 \h
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3.1 Internal Strength: Marketing  PAGEREF _Toc389642778 \h
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3.3 Technological Strengths  PAGEREF _Toc389642779 \h
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4.0 Weaknesses  PAGEREF _Toc389642780 \h
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4.1 Economic and Financial  PAGEREF _Toc389642781 \h
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4.2 Cultural  PAGEREF _Toc389642782 \h
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14 Executive SummaryThis paper serves two purposes. First, it analyses the internal and the external operating environ ment of Les Mills International in the context of the theory of uniqueness of small businesses. Secondly, it provides recommendations based on the analysis done in the first part using marketing and management theories applicable to operation of business in the international arena. Agency theory presents a unique proposition in relation to the operations of small businesses. Management theory has focused on the problems that arise due to separation of ownership from management in conventional corporates; this has led to emergence of the agency theory. The agency problem is however not existent in small businesses because of the fusion of management with ownership. This presents special challenges for stakeholders and the firm. For example, the lack of transparency in operation and the scantiness of information is a concern for stakeholders in these small businesses. Therefore, businesses like LMI need to come up with measures to mitigate such problems. Longevity of operation has be nefitted the company since it has enabled it to understand the terrain well. To ensure increased growth, the company has collaborated with other big companies such as Nestle and Sony. The company rides on their brand recognition to elevate its own brand. The field of fitness training is gradually changing due to advances in technology. The company should re-align its business model to take advantage of these changes. The companys weaknesses include the threat of piracy, which decreases the companys revenue. The company also has limited capital to expand. This is due to the ownership structure of the company. Cultural differences are another obstacle that the company faces. The report has cited the 7Ps marketing mix and one cultural theory that the company can use to strengthen its position and overcome the weaknesses.1.0 IntroductionLes Mills International (LMI) is a sports and fitness company founded by Phillip Mills in 1997 in Auckland, New Zealand. The companys vision is to crea te a fitter planet through health living (Crossley, 2012). This report analyses the operations of LMI by looking at its strengths and weaknesses and attempting to find ways of optimizing those strengths and mitigating the weaknesses. It applies theories unique to operation of small businesses to help put the analysis in its right context. The report also fronts recommendation on the way forward for LMI. The final part outlines limitations of this report due to challenges encountered in its preparation. The structure of the report aims at establishing a good flow of the ideas; first performing a diagnosis, then a prognosis, while bearing in mind the limitations of the whole operation. 2.0 Uniqueness of small businesses and the agency theorySmall and medium sized enterprises have features that set them apart from the conventional forms of business, for example; their management structure is often incomplete and informal. The businesses are by-products of the entrepreneurial acumen of first generation entrepreneurs who pass on the baton to subsequent heirs. This is true of LMI, which is now in the hands of the second generation of the family. Owners of these businesses tend to have undiversified interests in the business, which is likely to be unlisted in the stock exchange since owners feel the need to maintain control (Fama Jensen, 1985). All these features are evident in LMI. This creates a special agency problem that is different from the traditional manager-owner agency relationship. The proprietor/owner in LMI is the manager. This may increase the cost of monitoring the business for outside stakeholders since they have lesser access to information than they would if the company was a public corporation. The business is also likely to suffer lack of managerial depth since top positions are a preserve of family members. Another problem that may arise is the risk of the company running into management problems due to succession hitches especially if the curre nt management fails to put in place a good succession plan. To overcome some of these unique challenges the management have to come up with unique solutions, for example to overcome high cost of credit, LMI should establish long-term relationships with a small number of creditors thereby ensuring a high number of transactions. With time, the creditors will have enough information about the company and the cost of credit will come down (Ang, 1991). 3.0 Strengths3.1 Internal Strength: Marketing The company is thoroughly familiar with the market terrain. LMI is an offshoot of the LMN, which started operations in 1968. This gives the company several advantages relating to longevity in the market. Forty-five years of operations is a long period and the company has accumulated tomes of research data of trends recorded over long durations. Longevity gives the company credibility, as people seem to trust institutions that have operated for a long period. For instance when looking for credit , financial institution are jittery when dealing with a start-up (Education for Enterprise, 2010). Established firms like LMI do not experience such problems since they probably have a long history of relationship with a particular bank. Such relationships may help the firm access credit on more favourable terms than if the firm was new. According to Gibson (2011), an investor approached Les Phillip (The majority shareholder) in 2011 with an offer to purchase the company for $ 100 million he turned down the offer. This underlines the credibility that LMI enjoys.3.2 Internal Strength: Management The company also enjoys a stable ownership and management structure. Crossley (2012) acknowledges that this has played an important role in the success of the company. The company has maintained a familial look from the beginning except from that brief period between 1984 and 1990 when the company listed in the NZST. After the stock market crash, the Phillip Mills bought back the company (Ed ucation for Enterprise, EFE, 2010). The company has few shareholders with the bulk of the company belonging to Phillip and the others distributed among the companys staff and a few private investors. This has provided stability for the company as decision-making is swift since fewer people need to ratify decisions. Decisions such as profits to plough back and the projects to pursue can be made quickly thus affording the company flexibility that is not found in public corporations.3.3 Technological Strengths The international market and advances in information communication technology offers LMI an interesting mix of opportunities that the company has started exploiting. Communication technology offers new ways of training and keeping clients interested in exercise. LMI has leveraged on information technology to create an exercise management application that can be installed on mobile phones. The website Gladeye (2014) features this application, named Momentum, and provides further i nformation about the program. The application helps individual to meet their training needs by enabling them to schedule their training programs. According to the site, the application also has customisable timetables, offers training tips, offers rewards for performance, and gives the user feedback. This represents a creative application of technology. 4.0 Weaknesses4.1 Economic and FinancialDelisting from the stock exchange was a double-edged sword; while it brought stability and flexibility to the firm, it also limited the firms capacity to raise funds for expansion. According to the EFE (2012), LMI is worth about $ 100 Million. The company has to expand at a very slow pace due to this financial constraint. The family is however not willing to loosen their grip on the company. In this case, the company will continue to ...

A Research On Louisiana Purchase - Free Essay Example

Americas Westward Expansion was a period between 1803 and 1890 whereby the United States erupted with growth. The primary focus of this expansion centers around the purchase of a Louisiana territory from the French Government by the president of 1803, President Thomas Jefferson. This purchase later became known as the Louisiana Purchase. Other factors such as the Manifest Destiny, slavery, the Mexican War, and the Compromise of 1850 would also later put their mark this historical event as well. This is how these factors eventually contributed to arguably one of the greatest eras of the United States. The Louisiana Purchase (as mentioned before) was a purchase of a Louisiana territory from the French Government by the president of 1803, President Thomas. The land was bought by the president for fifteen million dollars and extended from the Mississippi River to the Rocky Mountains as well from Canada to New Orleans which increased the size of America by a factor of two. Jefferson strongly and firmly believed that Westward Expansion was crucial to the nations well being.1 He also believed that an independent and rectitude citizenry (the people of a location regarded mutually/ collectively) hinged on a republic to withstand to political turmoil and that that independence and rectitude tied in with ownership of land, primarily with that of homestead farms. America needed the keep expanding to meet the demand of land to support the exemplary population of rectitude or virtuous yeomen (a man having a small landed estate). Although Jeffersons plan of expanding west may have been an icon of the 19th century, it may ultimately be its downfall. The second factor of Americas Westward Expansion is the Manifest Destiny. Approximately seven million individuals (which is roughly forty percent of nations population) were situated west of trans-Appalachian by 1840. The majority of these people previously vacated their eastern homes in hopes of a more economical future and soon related to the Westward movement, owning a lot of land, and prideful farming just like Thomas Jefferson. A dependently stable assembly of people began to take shape from huge numbers of European factory workers. In retrospect, the chance and hope of independence and a greater deal of mobility was offered by the westward movement in the United States. In fact, the Gadsden Purchase of 1853 incorporated roughly thirty thousand square mile of Mexican land to the United States. Many people were swayed into moving westward by a journalist by the name of John OSullivan in 1945 by the mark by which he engraved into the face of Westward Expansion. Sullivan enforced t hat moving westward was a crucial aspect of the republican ideologies and that it was Americas manifest destiny to move westward and to have, in procession, all the land which Province has given us. The third factor, slavery, was questioned among early westward settlers. They wondered if slavery would be permitted in the growing western states. The Missouri Compromise aimed to answer this question in 1820 by allowing Missouri to join the union as a slave state whitest making Maine a free state which safeguarded the sensitive balance in the Congress. This compromise also demanded that slavery would be banned north of the southern edge of Missouri. It did not, however, pertain to developing territories which didnt associate with the Louisiana Purchase, thus, the problem of slavery lingered in the expanding nation. The economy in the south became more and more reliant on King Cotton2 and the indoctrinated labor which fueled it. During this time, an increasing number of Northern people began to speculate that the expansion of slavery violated their liberty which they owned, together as individuals (not represented by the pro-slavery Congress) and as yeomen farmers. They didnt oppose slavery per say, but rather opposed the way expansion appeared to intervene with their economic opportunities. Many years since the Missouri Compromise, in spite of the conflict amounts growing sections, Americans continued to trek West. The Rockies to the Oregon Territory, owned by Great Britain, were hiked by countless numbers of people and countless more traveled into California, New Mexico, and even Texas which are all Mexican Territories at the time. American colonists in Texas became a part of their Tejano neighbors (Spanish-derived Texans) and gained independence from Mexico in 1837 and voted the join the United States as a state with slaves. This, however, was bound to throw off the precise balance that the Missouri Compromise had accomplished. The united partnership of Texas with other Mexican Territories wasnt established as a political anchor until a visionary of westward expansion and planter of cotton, James Knox Polk, was elected in 1844. On February, 1846, Polk, alongside many of his allies, allowed Texas to unite with the Union as a state of slaves as Oregon became apart of the Union as a free state after a long discussion with Great Britain in June. Polk ignited a war against Mexico that same month, untruthfully asserting Mexicos army as having invaded our territory and shed American blood on American soil. This were ended up becoming widely unflavored among the Northerners partly because they opposed to what they have seen, a war which grew slavery. David Wilmot, a Pennsylvania Congressman, added a condition to the war-granting bill stating that slavery should never be allowed in any territories in Mexico which the United States may gain. Although Wilmots condition did not go through Congress, it outlined Americas most horrific, dividing acts, slavery. The last factor of Westward expansion, the Compromise of 1850, begins when the Treaty of Guadalupe 3 which to an end to the Mexican War in 1848. This treaty added over a million square miles to the United States and was larger than the Louisiana Purchase. The procurement or addition of this section of fertile land brought back to life, the proposition which the Missouri Compromise had apparently closed: In new developing American territories, what would be the condition or state of slavery? Henry Clay, a senator from Kentucky, after two full years of constant bickering and liable debates over the topic of slavery, put into perspective, a new compromise. This new compromise was comprised of four sections total. First, California would join the Union as a free state; second, the conditions of slavery in the remaining Mexican territories would be told amongst the people situated there; third, the trading of slaves would be obliterated in Washington, D.C., and finally, a completely redes igned Fugitive Slave Act would allow Southerners to own runaway slaves who had left to Northern states were slavery was not permitted (or even needed). King Cotton was phrase which was adapted and later commonly used by a Southern Politicians and authors before the American Civil War. This demonstrates the economical and political weight of cotton manufacturing. After the cotton gin, which helped pull cotton, was invented in 1793, cotton beat tobacco as the primary cash grabber in the southern agricultural economy and soon holding over half of the total Exports in the United States. The Treaty of Guadalupe was a treaty between Mexico and the United States and was established on February 2nd, 1848 and officially ended the Mexican War. The treaty gets its name from the place where it was signed was Villa de Guadalupe Hidalgo which means Guadalupe Hidalgo town. Guadalupe Hidalgo was neighborhood north of Mexico City. This treaty was bought for fifteen million dollars to mark the line which divided Mexico from the United States at the Rio Grande and the Gilda River. This allowed American to gain up to five hundred and twenty five thousand additional square miles of fertile land from Mexico. In exchange, the United States agreed to pay off the more than three million dollar claim made by United States citizens opposing Mexico.