Saturday, October 12, 2019
So Rich, So Poor by Peter Edelman Essay -- poverty, income redistributi
While it has proven to be difficult to end poverty in America, Peter Edelman is optimistic. In his book So Rich, So Poor Edelman makes a call to action. There are four prominent ideas that underpin Edelmanââ¬â¢s reasoning throughout the book: (1) More people must understand why poverty is still so prevalent in America; (2) extreme poverty must be taken into consideration as a shocking 6 million Americansââ¬â¢ sole income was food stamps in 2011. This fact alone creates a sense of urgency that drives Edelman; (3) increasing income inequality should be treated as a moral issue; and (4) bold political action will be required if substantive progress will be made in alleviating poverty. Unfortunately, despite President Rooseveltââ¬â¢s New Deal and President Johnsonââ¬â¢s Great Society, an increasing number of Americans reportedly experience poverty in their lifetime. Since the Clinton eras poverty-low of 11.3 percent of the population, there has been a sizable increase in the number of Americans living in poverty. By 2010, 15.1 percent of Americans lived below the poverty line (25). In a country that prides itself on the American dream that hard work will open the door to upward social mobility, these data are discouraging. Edelman argues from the beginning of his book that three major factors have influenced current trends: (1) changes in the American economy, specifically outsourcing of jobs, (2) the increase in the single-parent households, and (3) race and gender issues (xvii). Central themes that Edelman describes at length are the purported failure of the economy to help those most in need and the negative effects of the increase in the number of single- parent households (32). While I agree with Edelman that these factors have influenced curren... ...erational, deep poverty. While there are a number of policy measures that may be made to reduce the number of people in poverty or near-poverty, quality education that is equitably accessible to all students regardless of their zip code may be the best point of entry to break the cycle. Edelman does recommend that high quality public schools should be ââ¬Å"part of an overall urban and antipoverty strategy rather than siloed offâ⬠as a separate issue. I think, however, that Edelmanââ¬â¢s argument would be strengthened scores by increasing his focus on education policy and reform as a tool to fight poverty as opposed to calling for augmented income redistribution, especially as education founds many of his principle arguments as I have described above. Works Cited Edelman, P. (2012). So rich, so poor: Why itââ¬â¢s so hard to end poverty in America. New York, NY: The New Press.
Friday, October 11, 2019
Letters to a Young Poet
Late in his life, the Czech great poet Rainer Maria Rilke maintained a correspondence with a young poet, Franz Xaver Krappus through his well-known ten letters.à While in military academy, Young Franz full of passion and deep-seated appreciation for good poetry, on reading a collection of Rilke's poetry, decided to send Rilke some of his poetry for Rilke to read and offer some advice in form of commendations and criticisms. The correspondence was thoughtful and filled within insight in various life themes, with profound messages for every one. It began in lasted from 1902 to 1908 and in June, 1929 three years after Rilkeââ¬â¢s death, Franz gathered and published the letters in Berlin. Frankââ¬â¢ introduction of the letters detailed his encounter with the writings of Rilke while he was in the Military Academy, Vienna. He interacted with Professor Horacek who talked to him about the life of Rilke as a gifted serious gentle calm and introverted fellow while in the same academy who was dedicated to his training; Rilke continued his education at home in Prague when he could not cope in his new school away from the military academy. Through this correspondence, one understands the life of Rilke within the sentences he sent to this young poet. There is a hint to the transformation that he undergoes the principles that guide his life and how these changes influence his writing. The progression in the life of Rilke is visible in the letters sent to this 19-year old poet: his life is based on the finding of the direction of the inner pursuit; answering the basic question of life and then wait until the inner voice speaks with a bold answer. This is his opinion of the foundation of a viable career. He believes in the power of reading to build a strong writing career: good writers read and good readers write. To approach productive reading, it is important to come with an open mind and be ready to love the work. This is how best to understand writings and be in the best position to criticize them if need be. The central theme is love. He understands the difficulty associated with loving. He tells the young poet about the travail of learning how to love. He leaves him with the advice: keep learning. Sadness, aloneness also show in his write-up. This conflict with love may reflect the hitches he experiences in his family life, and why he seldom mentions his family. As an introvert, this is allowed. Rilkeââ¬â¢s search for solitude is important in discovering the pace and direction of the inner man: this is a major theme of his life. This also keeps him away from the pressures of the outside world and its attendant conflicts. Letââ¬â¢s take a look at the letters: Letter One: ââ¬ËThere is only one way: Go within. Search for the cause, find the impetus that bids you write.ââ¬â¢ He writes this to advice Franz about life career starting with an introspective search for discovery of the true reason for essence in life. This letter shows the basis for his life pursuit and advice for the young poet on career choice. Letter Two: Live awhile within these books.à Learn of them, whatever seems worth the learning, but above all,à love them.à To live within the books is to be able learn, and to love them is the way to be open to its lessons and make appropriate life changes as required. Letter Three: Let me ask you right here to read as little as possible of aesthetic critiques.à It shows his distaste for criticisms that are not appreciative of the exclusive work of arts. Love is a prerequisite for true criticism. Letter Four: Try to love the questions themselves, like locked rooms and like books written in a foreign language.à Do not now look for the answers. à They cannot now be given to you because you could not live them.à The questions that arise in life do not come with answers by merely asking but until the questions are incorporated into daily living; thatââ¬â¢s where they get answered. Letter Five: There is much beauty here because there is much beauty everywhere. Life is beauty, it al depends on what you see not where you are. Letter Six: Why don't you think of him as the coming one, who has been at hand since eternity, the future one, the final fruit of a tree, with us as its leaves? Live your life knowing there would be pain, but you still joy. Letter Seven: To love is also good, for love is difficult. For one human being to love another is perhaps the must difficult task of all, the epitome, the ultimate test. This letter was explicit on love, and detailed the enigmatic way he sees and experienced love. Letter Eight: And this is the reason the sadness passes: the something new within us, the thing that has joined us, has entered our heart, has gone into its innermost chamber and is no longer there eitherââ¬â it is already in the blood. Letter Nine: Your doubt can become a good attribute if you discipline it. It must become a knowing; it must become the critic. This gives advice on how to turn doubt to a useful tool in life and career. Letter Ten: Art also is only a way of life, and we can, no matter how we live, and without knowing it, prepare ourselves for it. He admonishes the Young Franz about the existence of art; he asserts that that art is part of us and our lives whether we accept the fact or not. REFERENCE Rainer Maria Rilke. Letters to a young poet Letters to a young poet. Accessed from www.sfgoth.com/~immanis/rilke/letter1.html Letters to a young poet. Accessed from www.carrothers.com/rilke_main.htm Rilkeââ¬â¢s writing. www.floozy.com/allison/rilke/r.index.html à Letters to a Young Poet Brenda Benson Letters to a Young poet by Rainer Maria Rilke Letters 1-5 Letters to a Young Poet, letter 1: ââ¬Å"No one can advise or help you- no one. There is only one thing you should do. Go into yourself. â⬠I believe this advice goes for anyone, but I can identify with this. The reason is that you really canââ¬â¢t depend on anyone, because the other person will not care for the situation or whatever the way you do. Many of times, where I thought I could seek for other for help, they hadnââ¬â¢t come through for me.Even though, it is something disappointing, but it is life, we must deal with disappointment constantly. In the end, what doesnââ¬â¢t kill will only make you stronger, how true those words are. For when you are at your lowest point, that is when your strength shines through. Letter to a Young Poet, Letter 2:â⬠Learn from what you feel is worth learningâ⬠Learning is not just learning from a book, it can also be about life, the experiences that a person has gone through.People have often advised me what I should do with my life and how I should live about it. Itââ¬â¢s always difficult because we all are manipulated by society, and the slightest difference in personality makes for the biggest commotion. Well anyways, you can be told so many things, what is right and what is wrong. Sure, you listen to them, some of the advice youââ¬â¢ll take in and others just let it drift away. All in all, it doesnââ¬â¢t matter what people may say, itââ¬â¢s what you feel what is right.Letter to a Young Poet, Letter 3: ââ¬Å"Always trust yourself and your own feeling, as opposed to argumentations, discussions, or introductions of that sortâ⬠This I believe is the hardest situation, which is being able to trust yourself. We always have doubts if weââ¬â¢re ever good enough, and always making things into a competition. Where we should make things into a learning experience, and appreciate others wisdom. When I began this sch ool I would say that I was intimidated by the students the class, they were so talented.I doubted if I could really accomplish my goals that I had here in New York and in Parsons. Later that day, I spoke to special people; they lend me their ear and some advice. All I needed to do, all I still need to do is believe in myself, trust myself, know that my abilities are exceptional, and keep moving forward. Letters to a Young Poet, Letter 4:â⬠Donââ¬â¢t hate anythingâ⬠Hating is a very strong emotion, hating consumes the heart and you donââ¬â¢t feel much. Your mind when preoccupied by hate has nothing much to offer. Itââ¬â¢s an emotion that tiring, and hard to let go.When you learn you stop hating, your feel so relieved, and is at peace with the world. As a young girl, I hated many things, and I had let it consumed my heart. When you hate you feel very alone, and you feel that no one is there for you, nor do you believe they will understand you. When I grew older I rea lize how much energy it took, how much it keeps you in the past. To move forward you must forgive, and relinquish your hatred towards things. If I hadnââ¬â¢t my situation would be a lot different where life would probably be miserably for me.Letters to a Young Poet, Letter 5:â⬠But there is much beauty here, because everywhere there is much beautyâ⬠In all the chaos of the world, in all the imperfections in the world, there is still beauty. I feel that people have to go through some tragic situation; for once they encounter something different, they can find and appreciate the beauty that is presented to them. At least thatââ¬â¢s how I look at it, life is full of different shapes and colors, itââ¬â¢s very much easy to miss, but when I slow down time, Iââ¬â¢m able to see things that I couldnââ¬â¢t see before.
Advantages of Using Ict in Learning Process at Higher
Assignment 1 Academic Writing Skills BBB3301 NAMA : ABDUL IYAD SHUKREE MATRIC NO : UK250 COURSE : COMPUTER SCIENCE OF SOFTWARE ENGINEERING LECTURE NAME : CIK WAN NURHAFEZA WAN SALAM TOPIC : ADVANTAGES OF USING ICT IN LEARNING PROCESS AT HIGHER EDUCATION INSTITUTIONS TOPIC 1 : Higher education institution is a place where the student that past the high school with the good result gathered together. Local university or private college became a dream place for student to continue their study.Higher education institute is totally different to them compare to school life. At this stages , they will face a new place , variety of course subject and different way of teaching. If we focus on different way of teaching , Information Communication Technology (ICT) became a main role for a learning process. ICT has been chosen because of several reasons that are enables to gain information and knowledge faster and further , supports information and knowledge sharing on a large scale and save our time and cost in a learning process.ICT will continued act as a catalyst in advancing education growth and backbone to education in higher institution. As stated in ââ¬Å"Effective Blended Learning for Developmentâ⬠, article by Charles Meguire and Jiping Zhang ,even the barriers of distance and time , the ICT will overcome this resistance to gain a new information and knowledge and significantly improve their accessibility. For a result , information and knowledge can be sharing faster. Besides that , ICT becomes a gold key to achieve a main goal for a higher education institution as place that provide first class learning rocess. Without worry the barriers of distance , ICT can make a students able to attend and understanding a topic in a class even do not take part in a class. According to article by Elyssa Krosski , ââ¬Å"Advantages of online classâ⬠, by a online class or video conference, student can access and attend the online anywhere. Other than that, there are no limits for student on online class so ICT gathered a student even across a worldwide. Students today prefer to use a email or social network to exchange information and sending a message.This situation should be used as a advantage for higher education institution to attract their student interest in learning process by using an ICT. As a conclusion , ICT need to be used by a higher education institution because of the ICT enables to gain information and knowledge faster and further , support information and knowledge sharing on a huge scale and save our cost and time in a learning process. In future , ICT will be standard method to use in learning process in each education institute and not only able in university and college.At the same time , ICT need to be improve from time to time to make sure the using of ICT in learning process keep reasonable. The government need to cooperate together with academic expert to make ICT become a reality and can give a advantage to all people . Works Cited : Meguire,C. , and Zhang,J. , ââ¬Å"Effective Blended Learning for Developmentâ⬠http://www. jointokyo. org/files/cms/news/pdf/s2_benefits_v7. pdf Kroski. E. , ââ¬Å"Advantage of Online Classâ⬠10th January 2012, http://oedb. org/library/distance-vs-local/10-advantages-to-taking-online-classes
Thursday, October 10, 2019
Hypercompetition
Jouma! of Marketing Management, 1997, 13, 4 2 1 ^ 3 0 Evert Gummesson Stockholm University, School of Business, Stockholm, Sudden In Search of Marketing Equilibrium: Relationship Marketing Versus Hypercompetition This paper is a discussion on work in progress conceming tke development qf relationship marketing (RM). It is particularly focused on the concept of marketing equilibrium which is a marketing management correspondence to market equilibrium, the traditional concept of neoclassical economic;. The paper starts with a brief introduction to the author's approach to RJ4.It proceeds with a summary of the concept of marketing equilibrium. The next section is a discourse on hypercompetition, a partiailarly intense type of competition that has been observed by several authors. RM offers a marketing theory based on collaboration with various stakeholders through long-term relationships, customer retention and loyalty. In contrast, hypercompetitiett claims that customers uHU switch bet ween suppUers at an inaeasingly faster rate and that competitors will become increasingly hostile to one another.Two basic questions are raised: do RM and hypercompetition represent two conflicting but coexisting trends that arc both growing in intensity? and How can this coexistence or conflict be conceptually handled? Tlie aim qf this paper is not to be complete and provide an answer, only to draw the reader's attention to hypercompetition as an opposite trend to RMand to offer a platform for further analysis and constructive and reflective scholarly dialogue. The 30R Approach to R M The 30R approach to RM is the outcome of an ongoing research project on ââ¬Å"the new markedngâ⬠(Gummesson 1994, 1995). 0R refers to thirty reladonships that were found to exist in marketing. During the research process, three core variables stood out: relatiorahips, networks and interacdon. A consequent definidon of RM then became ââ¬Å"RM is marketing seen as reladonships, networks and inter acdonâ⬠. The 3ORs wiU not be listed here, but their basic structure wiU be given. A distinction is made between market reladonships (reladonships between actors in the market such as suppUers, customers, compedtors and intermedieiries), nd two types of non-market reladonships which exercise an influence on market reladonships, but are not part of the market propier. These are mega reladonships (reladonships in society, above the market reladonships, such as reladonships to governments) and nano reladonships (reladonships inside organizadons, such as intemal customer reladonships). Services markedng and ttie network approach to industrial marketing have provided the primary theoredcal impietus for the author to explore the shortcomings 0267-257X/97/050421 + 10 $12. 00/0 à ©1997'nte Dryden Press 422Evert Gummesson of traditional marketing management theory. ^ Both theories were bom in the 1970s and have continued to giow in importance. The author's idea to merge the two goes bac k to 1982 and has since been pursued and broadened (Gummesson 1983, 1987, 1995). The term RM, however, was not used in a general sense until about 1990 (see e. g. Christopher et al. 1991; Groru-oos 1994; Gummesson 1994; Hunt and Morgan 1994; Sheth 1994). Instead, terms Uke long-term interactive relationships, interactive marketing, network approach and a new concept of marketing were used.My resejtrch approach is theory generating and based on comparative, qualitative analysis and syniiieses between data from inductive, real-world studies^ received theories and new theories in the process of development. Marketing Equilibrium This section is an introduction to the general concept of marketing equilibrium and a discussion on certain aspects of the equilibrium. Marketing equilibrium is a serendipitous outcome of the author's research on RM. The concept is further elaborated in Gummesson (1995, 19%). The three forces of marketing equilibrium are competition, collaboration and regulatio ns/institutions.Although Western economies are repeatedly referred to as market economies with free competition as their ethos, in reality they are mixed economies in which competition coexists with collaboration and regulations/ institutions. Marketing equilibrium contends that a sound market is the outcome of an optimal combination of the three forces of competition, collaboration and regulatiorw/institutions. As all kinds of equilibria in dynanuc envirorunents are unstable, it is a matter of heading toward a moving target, orJy rarely reaching it and only rarely staying there for any longer period of time.Whereas traditional marketing management literature primarily deals with competition, RM highlights collaboration. Collaboration implies that aU parties actively assume responsibility to make relationships functional. The author's conclusion is that: The focus on collaboration is the most important contribution from RM, with an impact on both marketing management and economics, and that collaboration in a market economy needs to be treated with the same attention and resped as competition. Although the third force, regulations/institutions, is not the theme of this paper, a few words will be said about it.Regulations indude both formal regulations through legislation, and informal codes of conduct through culture; institutiorts are both formal authorities whose task is to ascertain that regulations are enforced, and phenomena such as the family or religion that enforce a certain behaviour. In marketing rhetoric, regulations/institutionsââ¬âand to a large extent also collaborationââ¬â are treated with suspidon and as inhibiting competition and the dynamics ^Inputs to the 30R concept also came from traditional marketing management, sales management, quality management, orgaruzation theory, and other areas. The term real world data is iised here instead of empirical data. Thereasonis that too often researchers in business subject mistake empirical for qiiantitative, while in the geiieral language of sdence empirical refers to all types of data, whrther they come as qualitative, quantitative, or in any other format. In Search of Marketing Equilibrium: Rdationship Marketing vs Hypercompetition 423 of an economy. In narketing practice, however, they are ubiquitous. Douglass North, Nobel Prize laureate in the economic sdences in 1993, has shown that regulations/institutions are dynamic and necessary elements of a narket economy (North 1993).Marketing equiUbrium attempts to see the role of marketing management in the context of sodety and on an industry and economics level. It should not be confused with the market equiUbrium of neoclassical theory of economics (also referred to as microeconomics or simply price theory). ^ In neoclassical economics, the core variables are supply and demand balanced by the invisible hand of price in a market of free competition. The market is assumed to be striving in the direction of a longterm equiU brium in which aU prices are equal and all products are standardized. Customers and suppliers are anonymous masses.Companies and industries are not managing their production and sales, they are orUy adjusting to exogenous market influences. All deviations from this idealized model axe referred to as unwanted imperfections. Although marketing management is offen described as an adaptation of neodassical economics, it is blatantly obvious from even a simple real-world study of markets, industries and individual companies, that a different foundation for a marketing management theory is imperative. For example, services which constitute anything from 60 to 90% of today's economies (depending on definition) are not considered.The assumptions of neoclassical economics are simply not vaUd. There are signs that the interest in coUaboration is gaining ground not only in real business life but also in marketing theory; the most obvious being the upsurge of literature on RM and related subjec ts such as customer loyalty and alUances. Brandenbui^er and Nalebuff (1996) introduce the term ââ¬Å"co-opetitionâ⬠, which is a combination of co-operation and competition. They show that game theory is one possible way of exploring this combination (ââ¬Å"the prisoners' dilemmaâ⬠).Gray (1989) points to coUaboration as a solution to multi-party problem and says (p. 54): ââ¬Å"Despite powerful incentives to collaborate, our capacity to do so is underdevelopedâ⬠. In the same spirit Senge (1990), in his treatise on learning organizations and the need for dialogue says (p. 10): ââ¬Å"Interestingly, the practice of dialogue has been preserved in many ââ¬Å"primitiveâ⬠culturesâ⬠¦ but it has been almost completely lose to modem sodety. Today, the prindples and practices of dialogue are being redbcovered and put into a contemporary contextâ⬠.EMalogue UteraUy means ââ¬Å"tlunking togetherâ⬠There is ein extensive literature on competition both in mark eting and economics. Particularly the books by Porter (1979, 1985) have received the attention of marketers. No effort wiU be made here to review the various aspeds of competition; the treatment of competition will be directed to its role in the marketing equilibrium and to the properties of hypercompetition. In market economies, competition is hailed as the driver of economic evolution and a necessary condition for wealth. The customer is given a choice, and a supplier can never be sure to have the customer in its pocket.ITiis is a traditional view advocated by the business community, and to an extent also by the pubUc sector in many countries where deregiilation and privatization have become foreeful strategies. The countries of the Westem worldââ¬âthe capitalist sodetiesââ¬âare not genuine ^See Hunt and Morgan (1995) for further analysis of the shortcomings of neoclassical theory. 424 Evert Gummesson market economies. They are mixed economies in which market forces and re gulations have entered into wedlock. In totally unregulated markets only few can obtain the necessities of life.For example, free markets give large corporations the freedom to offset competition, and those who cannot compete on the labour market are left to charity or misery. The oppositeââ¬âtotal regulation ââ¬â leads to rigidity. There is no general formula that tells us in what projx)rtions individual discretion and collective regulation should be mixed. Every market and period have to find their own specific solution. Competition is a driver of certain types of change. Even if RM puts emphasis on collaboration, I would like to see RM as a synthesis of competition, collaboration and regulations/institutions.The issue is which combination of these will create the balanceââ¬âthe marketing equilibrium ââ¬â in each sptedfic situation. If either of the three forces becomes unduly powerful, the economy will suffer; regulations/institutions is the sole force of a planne d economy. To some extent there is a naive belief in competition to set everything right. The global wave of privatization and deregulation is a reaction in markets that have become stified. It is an effort to find a marketing equilibrium. Bureaucratic and legal values have often led to a misguided interference by politidans and an unreal belief in centralized control of sodety.Although the term deregulation implies that regulations are abandoned, it is a search for more adequate laws and institutions which can become supportive to constructive forces of sodety and hold back destructive forces: Deregulation is reregulation! Some of the more conspicuous results from deregulation are found in the split up of Bell in the US and national telecom operators in many countries have lost their monopoly; the privatization of British government bodies such as the British Rail and the Airport Authority; and the most dramatic of all, the breakdown of the communist planned economies.However, nobo dy so far has been able to overview the long-term effects of deregulation and privatization. There are necessary elements of the market economy that competifion and the free market forces do not master. They can be expressed in two paradoxes. The first paradox says: regulations are needed to secure that free competition will not be curbed. In spite of adl sweet talk about competition, every individual company or industry prefers to be spared the hazards of competitions (but they consider it essential for other comparues and industries). The second paradox says: The purpose of competition is to get rid of competition.Competition attempts to reduce the infiuence of other suppliers by lower costs and prices, differentiated and difficult-tocopy offerings, or dominance of selected market niches. Hypercompetition The ideas on a new type of competition will be assembled under the umbrella concept of hjfpercompetition. They are taken from many sources, among them D'Aveni (1994), Hamel and P rahalad (1994), Moore (1996), and Verbeke and Peelen (1996). The term hypercompetition was first found in D'Aveni and the ensuing discussion on hypercompefition is mainly based on his concepts, but the comparison with RM strategies and the conclusions are my own.In marketing management and strategy, the recommendation is usually advanced that companies should build a sustainable competitive advantage, thus limiting In Search of Marketing Equilibrium: Relationship Marketing vs Hypercompetition 425 price competition or even creating a monopoly-Uke situation. Hypercompefition is the opposite: a company should actively disrupt status quo and the current competitive advantages, both its own and those of competitors, in an environment of hypercompetition, advantages are rapidly created and eroded.Hypercompefition trends are identified in four arenas of traditional competition (D'Aveni 1994, pp. 13-17): /. Cos/ and quality arena For example, upstarts Uke Southwest Airlines attack estabUshe d carriers by slashing costs or enhancing quaUty, thus lowering the bottom of the market and raising the top of it. This behaviour counteracts the RM strategy of frequent flyers' programmes. 2. Timing and know-hot/' arena The first mover in the nnarket may create an advantage and sets up impediments to imitation. Followers quickly try to overcome these, fordng the first mover to change its tactics.The know-how exploited by one company is imitated by another and imitation becomes faster and faster; eventually the innovator cannot recapture its R&D investment. 3. Strongholds arena Companies create entry barriers to keep the competition out Entrants circumvent the barriers, giving rise to a series of attacks and counterattacks. This is currently happening in inten:ontinental air services between major American carriers and national European carriers. The current war for mastery over the Intemet, with Microsoff and Netscape as the combatants, is another example. 4.Deep pockets arena Thi s means having more money than the competition. The finandally stronger and usuaUy bigger companies can endure price competition from smaUer companies. The latter, however, can caU upon govemment regulations and form aUiances with others, thus balancing out the financJal advantage. In marketing equilibrium, regulations is one of the balancing forces, and alliances is a collaborative RM strategy. For example, Microsoff's financial advantage has been counteracted by the aUiance between IBM and Apple. Information technology is a driver of hypercompetition.By using databases it is possible, and wiU be more so in the future, to quickly survey prices and other conditions, and select the best combination at each point of time. Purchasing then becomes close to the system of exchanges. But even if comparisons of suppUers are made easier for customers, so many conditions are not comparable, for example, to 426 Evert Gummesson what extent can you trust the supplier. Trust and security are basi c condidons for collaboradon and trust has proven to be a driver of business in all types of sodedes (Fukuyama 1995).D'Aveni concludes that the battle for comp>eddve advantage is eventuaUy driving the market back into a price-compieddve market. The outcome is the neodassical long-term equilibrium, although the road to this equiUbrium goes via marketing equilibrium and not just via price adjustments. He refers to the old compedfive equilibrium as looking stable because it moved so slowly that it appeared stable. Hypiercomp>eddon is a coristant state of disequiUbritim. D'Aveni deploys a revised 7Ss framework to propose hypiercompeddve strategies.The original 7Ss ââ¬â designed by the McKinsey consulting companyââ¬âcomprise seven factors for success: structure, strategy, systems, style, skills, staff, and shared values. Successful hypiercomp;eddve firms need a new set of Ss in order to create disrupdon (p. 31ff). The first new S is stakeholder satisfacdon, referring to new ways of creating satisfied customers and a modvated eind empowered work force. The second is strategic soothsajdng ââ¬Å"a process of seeking out new knowledge necessary for predicting or even creating new temporary windows of opportunity that compiedtors wiU eventuaUy enter but are not now served by anyone elseâ⬠(p. 2). The comparafive advantage of these two factors is ââ¬Å"â⬠¦ the abiUty to win each dynamic strategic acdon with compiedtorsâ⬠(p. 32). The third and fourth Ss are spieed and surprise, both capabiUdes for disrupdon. The hypercompeddve company both reacts more quickly and is proacdve, thus taking the market with surprise. The final three are tacdcs for disrupdon. Shifting the rules includes new ways of sadsfying the customers and playing the marketing game with a new set of rules. Signals refer to announcements of strategic intent with the purpose of stalling acdons and misleading compiedtors.For example, a preannouncement of a coining product may make cus tomers wait to see the new version and postpone planned purchases of competing products. Simultaneous and sequendal strategic thrusts ââ¬Å"â⬠¦ are used by hypercompieddve firms to harass, paralyze, induce errors, or block compiedtorsâ⬠(p. 34). Several acdons are taken at the same dme in combinadons that make it difficult to understand what a compiedtor is actuaUy up to. In summary, whereas RM strives for stabiUty through long-term reladonships, hypercompieddon strives for continuous disrupdon at an increasingly faster rate.In RM, security is found in stabiUty; in hypercompeddon it is fotind in the ability to continuously counteract instabiUty. The RM concept is by many authors broadened to comprise more than the suppUerââ¬âcustomer dyad,'* for example, reladonships through alUances which is a way of counteracting hyp>ercompieddon. The imaginary organizadon^ is a network-based company which transcends the tradidonal organizadonal boundaries. It can more freely acquire Jind drop resources through outsourcing (or rather: resourcing) instead of investing in tradidonal growth (intemal or through acquisidon); the advantage of the deep pocket is thus offset. â⬠¢See Christopher et al. (1991), Kotler (1992), and Hunt and Morgan (1994), who have approached marketing as relationships with a series of stakeholders. This is in line with the 30R approach, but flie 3ORs go further and also establish relationships based on other than the stakeholder dimension. ââ¬ËSee Hedberg et al. (1994). Other terms representing the same phenomenon are virtual organizations, boundarykss organizations, and rwtwork organizations. In Search of Marketing Equilibrium: Relationship Marketing vs Hypercmnpetition 427D'Aveni (1994) discusses the role of co-operation and collusion and says that they should only be used for hypercompetitive purposes. They are not long-term relationships, they are merely temporary strategies. He lists a number of generic instances of hypercompet itive use of collaboration (pp. 338-339): to gang up against others groups; to limit the domain of competition; to biuld resojirces; to buy time; to gain access; and to leam. Hunt and Morgan (1995) suggest a comparative advantage theory of competition within a marketing management paradigm, and they present a devastating critique of neoclassical economics.D'Aveni's conclusions are contrary to Hunt and Morgan's; he rewrites neoclassical theory, using marketing management theory as a lever. Interpreted in my terms, we depart from the original and simple form of neoclassical market equilibrium, go through a phase of marketing equilibrium, and arrive at a more sophisticated level of market equilibrium. Hjrpercompietition goes beyond the neoclassical theory of perfect connpetition and restores it on a new level. Through a series of disruptive moves, where competitive advantage is surpassed, an escalation toward perfect competition develops.This means that we are back in transaction marke ting, the very evil to which RM is held to be the antidote. Conclusions for Discussion This paper has dealt with certain aspects of marketing equilibrium, one of several RM issues that preoccupy the author's nund during the ongoing research joumey into the world of RM. ââ¬ËThe paper is limited to the two trends of collaboration, advanced by the RM concept, and hypercompetition, advanced by authors on strategy and competition. A paradox is seemingly a contradiction; it is not in actual fact a contradiction. An oxymoron is a combination of two phenomena that cannot be combined.So the first question in the beginning of the paper could be rephrased: are RM and hypercompetition forming a paradox or an oxymoron? When I read up on the current literatxire on competition, I found that the ââ¬Å"newâ⬠competition was described as more fierce and faster than ever before. It had affinity with marketing warfare which was in vogue in the 19S0s. It certainly seemed contradictory to the RM idea of long-term relationships and collaboration. In my present state of ignorance the answer is: within the concept of the marketing equilibrium, both competition and collaboration coexist. They can do so and will do so.Our attention has to be directed to both of them. When competition becomes hypercompetition, collaboration may become hypercollaboration. Could it be that hypercompetition is the current driver of the upsuiging interest in RM and that RM tries to neutralize the effects of hypercompetition? To be Continued As this is work in progress, the issues that have been presented are not complete and the views are tentative and wiil be further studied. Among other issues concerning marketing equilibrium that are also being studied are the following: Tlie marketing equilibrium which has so far been described could be seen as 28 Evert Gumntesson partial marketing equiUbrium. The RM researdi project is suggesting an extention into complete marketing equilibrium. It consists of a synthesis of RM and the theory of imaginary organizations where not only the market but also the organizations (suppUers, customers, competitors and others) and sodety are included in a network of interactive relationships (Hedberg et al. 1994; Gummesson 1996). In traditional marketing management and economics, the market is outside the company and nà «rketing activities are directed toward extemal customers.But there are also markets inside the company and marketing activities take place between intemal customers. This is laid bare in the treatment of the nano relationships of the 30R approach. Both intemal and extemal customers interact in networks of relationships. The boundaries between the ââ¬Å"insideâ⬠and the ââ¬Å"outsideâ⬠have dissolved and both can be seen as parts of the same networks. Another area is the black economy with tax evasion, bribery, fraud, and organized crime as additional and disrupting forces of competition. One of the relationships in the 30R approach is named The Criminal Network.For example, Blumberg (1989) has pointed out that the strength of the market economy ââ¬â competition and the profit incentiveââ¬âencourages fraud. It pays to cheat! He calls this the paradox of the market economy. Everybody is familiar with it from jobs and private consumption, but it is swept under the carpet in marketing theory and textbooks. The Literature prefers the idealized image: competition as the driver to create customer satisfaction and customer perceived quality; to give customers everything they want and are willing to pay for; and to offer numerous options for consumers.Customers are asked about satisfaction and quality, but their knowledge is limited and the ignorance of the customer is exploited. Neither market economies through competition, nor command economies through regulations, have proven themselves capable of handling environmental and ecological issues. What has been achieved is primarily the outcome of vo luntary pressure group activity and law enforcement. Competitive forces have clearly not provided enough incentive for the market to innovate and reinnovate in the field.One of the relationship in the 30R approach is The Green Relationships, adding a relationship angle to environmental issues. Probably most of the achievements for a long time will only come through legislation (regulations), tight control and litigation (institutions). Can the marketing equilibrium conceptually include environmental and ecological issues? After the Paper Presentation: An Addendum In the discussion following its presentation, the paper was criticized on two points in peirticular: (1) The choice of the term ââ¬Å"marketing equiUbriumâ⬠.The critics said ââ¬â and some were dearly provoked by the term ââ¬â that it gives the wrong connotation and that the term is so heavily committed to neoclassical economic theory that people will not be able to see my point. Suggested substitutes were â⠬Å"dynamic balanceâ⬠or ââ¬Å"optimal combinationâ⬠. EquiUbrium, it was claimed, conveys the idea that such a state exists and it is just a matter of time {long-term, though) before it is reached. In defence of the term {but I intend to give it more thought) I would like to claim that equilibrium can be perceived as dynamic and unattainable, but still have a value n Search of Marketing Equilibrium: Relationship Marketing vs Hypercompetition 429 in providing direction, although the journey is a never-ending journey. Perhaps the provocation as such is o( value. When a new thought or term is met with aggressions from several established scholars it may have hit a sore spot; it may even be important. The original intention was to show that equilibrium from the idealized and imrealistic assumptions of neoclassical theory could be supplemented by a marketing management-oriented equilibrium based on real-world premises.Neoclassical economics currently seems to be no more than a computer game for adult entertainment and career boosting under the disguise of ââ¬Å"sdenceâ⬠. To me, the contrast between ââ¬Å"marketâ⬠and ââ¬Å"marketingâ⬠, designating an economics versus a management approach but still indicating affinity, makes the term expressive. Whatever term I choose, however, I am confident that economists and ââ¬Å"me-tooâ⬠researchers wiU not be impressed. 2. ââ¬Å"Hyperâ⬠was claimed by Americans to mean ââ¬Å"too muchâ⬠, for example a hyperactive child is active to a degree that implies mental and/or physical disorder.The British perceived it as ââ¬Å"very muchâ⬠, for example a hypermarket which is a bigger European version of a supermarket. Maybe this is evidence of the validity of Oscar Wilde's statement that ââ¬Å"England and America are two countries separated by a common languageâ⬠. On the other hand, maybe ââ¬Å"too muchâ⬠is also a correct interpretation. For many of us, hypercompetition i s probably too much. Personally, it makes me nervous. References Blumberg, P. (1989), The Predatory Society, New York, Oxford University Press. Brandenburger, A.M. and Nalebuff, B. J. (1996), Co-opetition, Boston, MA, Harvard Business School Press. Christopher, M. , Payne, A. and Ballant)Tie, D. (1991), Relationship Marketing, London, Heinemarm. D'Aveni, R,A. (1994), Hypercompetition, New York, The Free Press. Fukuyama, F. (1995), Trust, New York, The Free Press. Gray, B. (1989), Collaborating, San Francisco, CA, Jossey-Bass. Gronroos, C. (1994), ââ¬Å"Quo vadis, marketing? Towards a relationship marketing paradigmâ⬠, Joumal of Marketing Martagement, 10, No. 4 Gummesson, E. 1983), ââ¬Å"A New Concept of Marketingâ⬠, paper presented at the 1983 EMAC Annual Conference, Institut d'Etudes Commerdales de Grenoble, France, April. Gummesson, E. (1987), ââ¬Å"The New Marketing: Developing Long-term Interactive Relationshipsâ⬠, Long Range Planning, 20, No. 4, pp. 10-20. Gum messon, E, (1994), ââ¬Å"Making Relationship Marketing Operationalâ⬠. The International Joumal of Service Industry Management, 5, No. 5, pp. 5-20. Gummesson, E. (1995), Relationsmarknadsforing: Frdn 4P till 30R (Relationship Marketing: From 4Ps to 3ORs), Malmo, Sweden: Liber-Hermods (forthcoming in English).Gummesson, E. (1996), ââ¬Å"Relationship Marketing and Imaginary Organizations: A Synthesisâ⬠, European Joumal of Marketing, 30, No. 2, pp. 31-44. Hamel, G. and Prahalad, C. K. (1994), Competing for the Future, Boston, MA: Harvard Business School Press, 1994, 430 Epert Gummesson Hedberg, B. , Dahlgren, G. , Hansson, J. and Olve, N. -G. (1994), Imagindra organisationer (Imaginary Organizations), Malmfi, Sweden: Liber-Hermods. Hunt, S. D. and Morgan, R. M. (1994), ââ¬Å"Relationship Marketing in the Era of Network Competitionâ⬠. Marketing Management, 3, No. 1, pp. 9-28. Hunt, S. D. and Morgan, R. M. (1995), ââ¬Å"The Comparative Advantage Theory of Competitionâ⠬ , Joumal qf Marketing, 59, April, pp. 1-15. Kotter, P (1992), ââ¬ËTotal Marketingâ⬠, Business Week Advance, Executive Brief, Vol. 2. Moore, J. E (1996), The Death of Competition, Chichester, UK, Wiley. North, D. C. (1993), ââ¬Å"Economic Performance Through Timeâ⬠. Stockholm, The Nobel Foundation, Prize Lecture in Economic Science in Memory qf Alfred Nobel, Stockholm, December 9. Porter, M. E. (1980), Competitive Strategy, New York, The Free Press. Porter, M. E. 1985), Competitive Advantage, New York, The Free Press. Senge, P. M. (1990), The Fifth Discipline. New York: Doubleday/Currency. Sheth, J. N. (1994), ââ¬Å"The Donnain of Relationship Marketingâ⬠. Handout at the Sectmd Research Conference on Relationship Marketing. Centre for Relationship Marketing, Emory University, Atlanta, GA, June. Verbeke, W. and Peelen, E. (1996), ââ¬Å"Redefining the New SeUing Practices in an Era of Hyper Competitionâ⬠. Paper presented at the workshop Relationship Market ing in an Era qf Hypercompetition, Erasmus University and EIASM, Rotterdam, May.
Wednesday, October 9, 2019
Consumer demographics and psychographics Essay Example | Topics and Well Written Essays - 1750 words
Consumer demographics and psychographics - Essay Example Mission Statement The underlying mission statement reads, ââ¬Å"We enable consumers to improve the quality and convenience of their lives by providing high-quality, innovative fashion products.â⬠Product Product from the new line is of top quality. The production concept and prototype have indicated that new denim trousers introduced by the company through its new product line possess distinctive design features which are appealing to the potential buyers. The design features give an impression which customers tend to associate with quality and artistic elegance. These quality attributes are in line with the companyââ¬â¢s mission. Establishment of new line, which cause reduction in production costs and improves quality, saves the customers on prices thus bringing convenience in their lives. The artistic appearance and elegance of the new product coupled with the low cost production line is as a result of innovation by the companyââ¬â¢s designers. This is consistent with p roduct quality, innovation and consumer convenience, which is explicitly emphasized within the companyââ¬â¢s mission. Dibb and Simkin (2008), development of a line of new denim trousers which is anticipated to be successful, is a significant stride towards achievement to the mission. Consumer Product Classification According to the three-way Consumer Product Classification System, the companyââ¬â¢s products can be classified as shopping products. According to Dibb and Simkin (2008), quality and design of the products gives a special psychological appeal; hence making them distinguished by the consumers from all the rest. The products have a great artistic design features and extensive testing has identified them as the most popular and comfortable pair of trousers in the industry. Target Market With the advancement in fashion dynamics, there is increased need for artistic designer clothing for casual and official occasions. From previous market survey, young generations, espec ially people aged between 21 and 35 years, feature as the main consumers of the companyââ¬â¢s goods. Statistics indicate that the mentioned age group makes approximately 76% of the total consumers of brand denim products. It has been established through various demographic and economic studies that this age group comprises of low income earners. Sometimes, few people in this ââ¬Å"techno generationâ⬠who are lucky enough to have high income usually have numerous expenditures. Most people in the generation like associating themselves with high social status despite of their strict spending principles. According to Dibb & Simkin (2008), cost reduction and quality assurance in the product targeting this group must be considered. Consumers are also sensitive to appearances and are commonly attracted to clothes which are elegant and artistic. It is therefore possible to drift them towards the new low cost products that the company is producing. Demographic studies have shown tha t the number of people joining this age group is increasing while those leaving it are substantially decreasing. This shows possibility of a widening market in future. Analysis of Competitive Market Environment Competitive Rivalry Fashion industry is well inhabited by manufacturing companies but few of the companies specialize in branded denim products. However, there are three established denim producers and two more others with considerably lower production capacity. Although some of these companies have managed to reduce prices of their products, it is yet to reach the extent to which the new product line of the company intends to achieve. This
Tuesday, October 8, 2019
Individual Design Report Assignment Example | Topics and Well Written Essays - 1000 words
Individual Design Report - Assignment Example Pumping fresh water out causes the increase in the degree of salt water intrusion, hence a sustainable and practical method of fresh water extraction mechanism must prevent the furtherance of such phenomenon. This design is a practical application of the mechanisms design by Dr. Bhattacharya and Dr. Basack where, a practical design for groundwater extraction was created specifically for arid regions using qanats that aims to, aside from extracting fresh water from aquifers, would create least, if not negligible, damage to the natural underground water system. Solution Both proponents of the theory based their mathematical equation to the equilibrium between saline water and that of the fresh water in the aquifers, where an interface can be calculated using the Ghyben-Herzberg relationship with the assumption of (1) homogenousity; (2) separation by a sharp interface; and (3) absence of mixing zone. Aside from using the equation and the assumption above, it is important to consider the theory of up-coning where the interface (where salt water and fresh water meets) lowers due to the extraction of fresh water (which is less dense than salt water). As the pressure above is considerably reduced, the shape of the rise of the saline water is conical and once the conical mound has been reached, the saline water mixes with the fresh. Given this scenario, it is vital that we determine the height of the cone created and from there, we can establish the amount of water to be extracted at a certain amount of time before fresh water is replenished in order to a avoid salt water intrusion. Recommendations (development and testing) Determination of the number of qanats to be used and the stratification of the bed rock present and the soil decomposition should be a preliminary resort before the implementation of the project. List of Contents Introduction Background Detail The water crisis is a looming peril that not only the third world country will have to face, but is becomin g a worldwide phenomenon at that. Water crises such as shortages and the lack of access to potable water resource suggest lack of governance and an overall mismanagement of use. But this is just the tip of the iceberg, the huge bulk of those affected by the water crises are the residents of poor countries who are gulled by the total lack of accessible water as well as the presence of water-borne disease. These are the places that suffer shortages due to the topography and the natural features of the place where it can easily be infiltrated with wastes. Even if the water crisis is the symptom of another problem, it should be given top priority. A proposal for immediate resolution is the development of sustainable water extraction facilities, especially in aquifers proximate to salt water sources such as the sea. Why the design was undertaken The main objectives for the development of a reliable water extraction system aside from effectively drawing out water from an underground sourc e is the removal of the contaminants and prevention of salt water intrusion deeper into the fresh water aquifer. There are also other important aspects such as remedial operations. Under a remedial system, it is to be kept in mind that the levels of contaminants present in an aquifer should be reduced otherwise removed. Based on the different objectives of
Monday, October 7, 2019
Total SA Essay Example | Topics and Well Written Essays - 2750 words
Total SA - Essay Example The investors generate dividends from their investments. Investors receive dividends based on the prior yearââ¬â¢s net income performance. With higher net income, the investors will automatically receive higher dividends (Warren, 2009). Further, the investors can also generate gains from the selling of their TOTAL SA investments (Crosson, 2011). If the investors are able to sell their investments at a bid price that is higher than the investorsââ¬â¢ cost of investing in the TOTAL SA stocks, the investors generate gains. When economic depression or unfavorable economic constraints crop up, the investors may be persuaded to sell their investments in TOTAL SA investments at prices at an amount that is lower than the investment price. When this occurs, the investors generate stock exchange losses (DuBrin, 2009). TOTAL SA Companyââ¬â¢s structure in relation the organisationââ¬â¢s goals, aims and objectives. The TOTAL SA organisation structure fittingly enhances the accomplishm ent of organizational s goal, aims and objectives (Daft, 2011). With more investors, the amount of investment is higher. The investorsââ¬â¢ money plus TOTAL SA Companyââ¬â¢s use of long term loans increase the amount of assets. The TOTAL SA Company maximizes the total assets to generate revenues (Weetman, 2006). Further, the stockholdersââ¬â¢ investments and loans ensure accomplishment of the companyââ¬â¢s goal, aims and objectives (Ferrrell, 2010). The company is able to establish oil and natural gas exploration development contracts in different strategic locations around the world. The cash inflows from loans and stockholdersââ¬â¢ investments are successfully used to refine petrochemicals. The same finance amounts are used to manufacture the chemical product needs of the TOTAL SA Companyââ¬â¢s current and future customers (Nutt, 2010). Specifically, the TOTAL SA Company specicalises in selling elastomer-based products (Total, 2012). The company also sells adhesi ve products. Another major product of TOTAL SA Company is classified as electroplating items. The bulk of the companyââ¬â¢s profitable products falls under the petroleum market segment. The investments are used to foster companyââ¬â¢s trading and shipping of petroleum chemical finished goods (products). Moreover, the investments and loan amounts are used to sell the finished goods (Baumol, 2009). The raw petroleum extracts are processed into finished goods. The TOTAL SA Company finished goods include the top selling Liquefied Petroleum Gas products. Another finished product is home heating gas. A third finished product is asphalt petroleum products. The fourth finished good type, asphalt, is used in the paving of the highways and smaller roads. The fifth finished good classification, lubricants, is a very popular lubricating product group (Total, 2012). Further, the investments and loans are used to generate a big share of the global energy market segment. The funds are used t o realize generating an increase of 2.5 percent production output every year (Total, 2012). The funds are used to maximize the companyââ¬â¢s scarce asset resources. The scarce resources are used to expand the oil production facilities (Fabozzi, 2011). The company continues to set up new oil production facilities in new oil fields. The investments and loans are used to quickly set into motion cost reduction activities. With cost reduction, the
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