Sunday, September 15, 2019
Consumption of Caffeinated Beverages
[pic] UNIVERSITI TEKNOLOGI MARA (UiTM SHAH ALAM) FACULTY OF BUSINESS MANAGEMENT BEL422 REPORT WRITING GROUP REPORT COMSUMPTION OF CAFFEINATED BEVERAGES AMONG UiTM STUDENTS PREPARED BY: |NAME |MATRIX NO. GROUP |SIGN | | |2010528723 |BM2254A | | |NAWWAR KHALEEFUR RAHMAN | | | | | |2010729017 |BM2254A | | |NUR KHALIJAH ZAIDAN | | | | | |2010572149 |BM2254A | | |NURANIKA SHAMIMI SHAMSDIN | | | | | |2010549887 |BM2254A | | |YUSMAH YUSOF | | | | PREPARED FOR: MADAM ASHA LATHA B.S. BEL422 LECTURER (BM2254A) UiTM SHAH ALAM DATE OF SUBMISSION: 12TH DECEMBER 2012 (WEDNESDAY) ACKNOWLEDGEMENTS We have taken a lot of efforts in completing this report. However, it would not have been possible without the kind support and help of many individuals who have been there for us along this journey as to complete this report in time. Alhamdulilah, first of all we would like to thank God for given us the strength and wisdom as finally we were able to complete our report effectively and efficiently. Thank God for letting us through all the difficulties and have experienced His guidance day by day. A special appreciation to our family.Words can not express how grateful we are to our mother, father, and our siblings for all of the sacrifices that they have made on our behalf. Their prayer for us were what sustained us thus far. We would like to express our special appreciation and thank to our BEL422 lecturer, Madam Asha Latha B. S. for the valuable advice and support she has given to us in the writing of this report apart from being a tremendous mentor for us through out this semester. This report had been done with all afford by group members eventhough there were constraints while doing this report. Fortunately, all the constraints are settled due to our group members co-operation and ideas.We are highly indebted to our friends for their support as well as they diligence extended in providing us necessary information in completing this report. Last but not least, our deepest thank t o our respondents for their understanding and support. THANK YOU ( [pic] SUMMARY This study was conducted to gauge on consumption of caffeinated beverages among UiTM students. It was requested by our BEL422 lecturer Mdm. Asha Latha B. S. to fulfill the course requirement. It was requested on 19th September 2012. The investigation was done by distributing questionnaires to 20 respondents comprising Business and Law students at UiTM Shah Alam. Data was collated and analyzed using a basic frequency analysis derived from Microsoft Excel Software.Secondary sources were also referred to, to obtain background information required for this report. The main finding _______________ TERMS OF REFFERENCE On 19th September 2012, Nawwar Binti Khaleefur Rahman, Nur Khalijah Bt. Zaidan, Nuranika Shamimi Binti Shamsdin and Yusmah Binti Yusof, from the Faculty of Business Management, UiTM Shah Alam, were instructed by Mdm. Asha Latha B. S. , the Report Writing lecturer (BEL) to write a report on consu mption of caffeinated beverages among UiTM students on questionnaires. The report which includes the background information, findings, conclusions and recommendations is to be submitted on 12th December 2012.TABLE OF CONTENT |No. |Title |Pages | | |Acknowledgement | | | |Summary | | | |Terms of Refference | | | |List of Illustrations | | |1. |Introduction | | | |Background of study | | | |Statement of The Problem | | | |Research Questions | | | |Objective of The Report | | | |Scope of Report | | |2. 0 |Literature Review | | |3. 0 |Methodology and Limitation | | |4. 0 |Findings | | |5. 0 |Conclusions | | |6. |Recommendations | | | |Bibliography | | | |Appendices | | LIST OF ILLUSTRATIONS |No. |Title |Pages | |1 |Figure 4. 1 | | | |Respondentsââ¬â¢ gender | | |2 |Figure 4. | | | |Age of tertiary students | | |3 |Figure 4. 3 | | | |Tertiary students who consume caffeinated beverages | | |4 |Figure 4. 4 | | | |Number of respondents who consume caffeinated beverages | | | 5 |Figure 4. | | | |Types of caffeinated beverages | | |6 |Figure 4. 6 | | | |Frequency of tertiary students drinking caffeinated beverages | | |7 |Figure 4. 7 | | | |Awareness of the contents of caffeinated beverages | | |8 |Figure 4. | | | |Addictiveness towards caffeinated beverages | | |9 |Figure 4. 9 | | | |Reasons why respondents consume caffeinated beverages | | |10 |Figure 4. 10 | | | |The consequences if the respondents cut down caffeinated beverages | | |11 |Figure 4. 1 | | | |Respondentsââ¬â¢ response towards statement on caffeinated beverages | | 1. INTRODUCTION 1. 1 Background of the Study The report was written to gauge and identify the consumption of caffeinated beverages among tertiary students. It has been observed that some students drink caffeinated beverages and after it has become a habit among students. This report identifies the short term and long term effects of taking caffeinated beverages and determines why these students are reluctant to stop consum ption of these caffeinated beverages. This report was requested by Madam Asha Latha B. S on 19th September 2012. 1. 2 Statement of the ProblemThe meaning of ââ¬Å"caffeinated beverageâ⬠is ââ¬Å"a drink that contains caffeine. â⬠Coffee is the most common one. Black, green and white tea also contain caffeine. Some sodas have caffeine added to them (Coke, Pepsi, Mountain Dew, for instance), as do many energy drinks. There are variety reasons why people like drinking caffeinated beverages. Many folks have coffee to help wake up in the morning. College students are known for knocking back coffee and caffeinated sodas to keep them up for studying the night before a big test. In some studies, caffeine has been shown to help concentration and memory. Too much consumption can increase person nervousness.If they drink cheap coffee that's made with robusta beans instead of 100% arabica beans, they may suffer stomach problem. If there is an addiction, measures must be suggested to reduce this and to introduce other form of healthier beverages. 1. 3 Research Questions This report seeks to answer the following questions: 1. 3. 1 What is the definition of caffeinated beverages? 1. 3. 2 What types of caffeinated beverages are popular among tertiary students? 1. 3. 3 Why are such beverages being consumed by tertiary students? 1. 3. 4 Are the tertiary students aware of the effects of heavy consumption on caffeinated beverages? 1. 3. 5 What are the drawbacks or setbacks experienced when attempting to stop caffeinated everages? 1. 3. 6 What are the suggestions for tertiary students to reduce the consumption of caffeinated beverages? 2. 0 LITERATURE REVIEW Caffeinated beverages have always been consumed by adults. However, nowadays, most tertiary students are consuming these beverages. Caffeine products are so widely distributed these days that abuse of the substance may be unnoticed. In fact, caffeine is the worldââ¬â¢s most widely consumed stimulant, with 54 per cent of adults in America consuming on average three cups of coffee a day (Chen and Parrish, 2008). Diet Health Club on September 2011 identifies these beverages as: Any drinks which contain caffeine.This caffeine is a stimulant that is legal and is one of the most popular stimulants in the world especially among the developed countries. Some of the common caffeinated content beverages include teas, coffees, various kinds of energy drinks and soft drinks. Tea and coffee are found to naturally have caffeine. Whereas some of the popular drinks like cola have intentionally used this caffeine stimulant as one of the ingredients. The relationship between an individualââ¬â¢s amount of caffeine consumption during his/her study session and the individualââ¬â¢s study habits were investigated by Hope (2009). Most of the students revealed their personal consumption of caffeine as well as their study habits when preparing for a test or examinations.As determined by the researcher, it has been hypothesized that the more the caffeine a student consumes while studying, the more accurately his or her study habits would be labelled as ââ¬Ëunhealthyââ¬â¢. To keep them ââ¬Ëupââ¬â¢ for late night sessions, many college students rely on caffeine-packed sodas and coffee drinks which will increase vigilance, sadly this is unhealthy. A research by the (ââ¬Å"National Council On Strength and Fitness), it shows that caffeinated beverages have become gradually more accepted within the diets of tertiary students. That shows the consumption of caffeinated beverages can cause long-lasting effects on brain function when utilized during the formative years.However drinking too much of caffeine can cause health problems or side effects to drinkers. Some side effects from caffeine use can be mere irritation. Others are downright dangerous. For smokers, caffeine can be especially harmful. Nicotine will raise blood pressure and increase the risk of cardiovascular complications . This is because caffeine is the drug used in the world and is part of everyoneââ¬â¢s daily life-style, it has gone unnoticed as a potentially harmful substance to most peopleââ¬â¢s health. An article ââ¬Å"Caffeine Awareness Associationâ⬠(2010) also indicates that excessive coffee drinking can increase a personââ¬â¢s risk of heart attack. Thus, caffeine can also cause irregular heart rhythms.And some researchers believe it can increase a womanââ¬â¢s chances of getting cancer. Caffeine has also been linked with central nervous system disorders, Parkinsonââ¬â¢s disease, diabetes, and incontinence. The medical community has recently taken caffeine withdrawal quite seriously. It is estimated that one in eight people will experience symptoms that will interfere with ability to work or function for at least a couple of days. Jordan (2004), suggested including caffeine withdrawal as a verifiable condition in the Diagnostic and Statistics Manual of Mental Disorders (D SM). However, caffeine withdrawal is seldom dangerous, though it can make one uncomfortable for a few days. The most frequent symptom ssociated when we attempt to stop caffeinated beverages is moderate to severe headaches. This can occur between 12 and 24 hours after the last intake of caffeine. It usually lasts for one to two days, though some may have a headache for longer. Furthermore, according to Lee (2006), drinking too much of caffeine will impact one negatively. It causes palpitations and withdrawal systems that include headache and drowsiness. Tertiary education often requires students to study for extended hours, especially during periods of increased workload prior to tests and examinations. Removing caffeine from oneââ¬â¢s daily routine can be done by approaching the task of lowering the intake of caffeine.Switching to a coffee with less caffeine and checking labels on medications are the approaches to gradually reduce the amount of caffeine consumption for each day, (ââ¬Å"Fit Dayâ⬠, n. d). According to Haupt (2012), suggests go for an espresso shot because it contains only about half the amount of caffeine as a cup of regular coffee. 3. 0 METHODOLOGY AND LIMITATIONS 20 respondents were chosen randomly. The respondents were required to answer a questionnaire. These questionnaires were distributed on ______ and collected on ____. Data was collected and analyzed using a basic frequency analysis that was derived from Microsoft Excel software. Various secondary sources and materials were also looked into as differences and guides.Although this research was carefully prepared, there were still limitations and shortcomings. This report was done on a small scale involving 20 respondents. Since the population was small, the findings presented may not be applicable as general representations. To do so a large sample would be required. The period given to conduct and complete this report was 11 weeks only. Background information for the report was limited to articles from various websites. 4. 0 FINDINGS 4. 1 RESPONDENTSââ¬â¢ GENDER [pic] Figure 4. 1 The pie chart in Figure 4. 1 shows the gender who consumed caffeinated beverages. The gender is divided into two categories which are females and males.Based on the pie chart, it shows that the percentage of females who consume caffeinated beverages among tertiary students is higher than males where by females involve 70% and male 30% only. 4. 2 AGE OF TERTIARY STUDENTS [pic] Figure 4. 2 The table in Figure 4. 2 shows the age of the respondents who consume caffeinated beverages. It shows that the age of 19 ââ¬â 21 years old has the highest no of respondents at 12 respondents while the age of 30 ââ¬â 32 years old has the lowest number of respondents at 1 respondent only. 4. 3 TERTIARY STUDENTS WHO CONSUME CAFFEINATED BEVERAGES [pic] Figure 4. 3 The diagram above shows the number of students from universities that consume caffeinated beverages.It shows that University Tec hnology Mara has the highest no of respondents who consume caffeinated beverages among all tertiary students at 9 respondents. The lowest numbers of respondents who consume caffeinated beverages are tertiary students for University Malaya at only 3 respondents. 4. 4 NUMBER OF RESPONDENTS WHO CONSUME CAFFEINATED BEVERAGES [pic] Figure 4. 4 The pie chart above shows the number of respondents who consume caffeinated beverages. It shows that 20 respondents answered ââ¬Å"yesâ⬠in this questionnaire. 4. 5 TYPES OF CAFFEINATED BEVERAGES [pic] [pic] Figure 4. 5 Figure 4. 5 shows the types of caffeinated beverages that are taken by tertiary students.According to the chart, tea is the highest for the types of caffeinated beverages at 52% followed by coffee at 25% and sodas at 25%. Sodas are divided into four types which are Coke at 23%, Pepsi at 59%, Mountain Dew at 10% and others at 9%. 4. 6 FREQUENCY OF TERTIARY STUDENTS DRINKING CAFFEINATED BEVERAGES IN A WEEK [pic] Figure 4. 6 Figu re 4. 6 shows the frequency tertiary students drink caffeinated beverages. Based on the chart above, it shows that 40% of tertiary students drink caffeinated beverages 2 ââ¬â 4 times in a week. 25% of tertiary students drink it once a week, 20% drink it every day and only 10% of the tertiary students drink it 5- 6 times in a week. 4. 7 AWARENESS OF THE CONTENTS OF CAFFEINATED BEVERAGES [pic] [pic] Figure 4. 7 Figure 4. shows the awareness of the contents of such beverages by tertiary students. According to the chart, it is clear that most students are aware of the contents of caffeinated beverages since 64% answered so. Another 36% of tertiary students are not aware of the contents of such beverages. Therefore, for those who are aware of the contents in caffeinated beverages, the results show that 41% realise the sugar, 23% know of their preservatives, 9% the colouring and 27% the caffeine contents. 4. 8 ADDICTIVENESS TOWARDS CAFFEINATED BEVERAGES [pic] [pic] Figure 4. 8 Figure 4. 8 shows the addictiveness towards caffeinated beverages by tertiary students.From the chart above, it is clear that 55% of the tertiary students are not addicted to caffeinated beverages. Only 45% of tertiary students are addicted to caffeinated beverages. When they are addicted to caffeinated beverages, most of them control addiction by carrying with plain water (60%), followed by 30% who revert to de-caffeinated beverages and 10% who resort to junk food / fast food. 4. 9 REASONS WHY RESPONDENTS CONSUME CAFFEINATED BEVERAGES [pic] Figure 4. 9 Figure 4. 9 illustrates the reasons why respondents consume caffeinated beverages. Firstly, 8 out of 20 respondents say they find caffeinated beverages tasty. Next, 30% of the respondents consume such beverages because find them inexpensive. respondents ranked they find caffeinated beverages convenient. Moreover, no respondents ranked finding such beverages inexpensive or tasty. Meanwhile, 40% of the respondents rank they follow their frien ds as the reason why they consume caffeinated beverages. 4. 10 THE CONSEQUENCES IF THE RESPONDENTS CUT DOWN CAFFEINATED BEVEREAGES [pic] Figure 4. 10 Figure 4. 10 shows the percentages of the consequences if the respondents cut down on caffeinated beverages. 60% of the respondents will feel sleepy if they cut down their consumption on such beverages. Meanwhile, only 10% of them feel moody after they reduced their intake. None of them feel sick easily if they cut down their consumption. Statements |Strongly Agree |Agree |Neutral |Disagree |Strongly | | | | | | |Disagree | |Caffein|6 |30% |9 |45% |3 | |ated | | | | | | |beverag| | | | | | |es have| | | | | | |adverse| | | | | | |effects| | | | | | |on the | | | | | | |body. | | | | | |à |à | Universiti Teknologi Mara | | | |à | |à |à | Sunway College University | | |à | |à |à | Taylors College University | | | |à | |à |à | University Malaya | | | |à | |à |à | Others ( Please state : __ _____________ ) | |à | |à | | | | | |à |à | Yes |à | |à |à | Coffee |à | |à | |à |à | Coke |à | |à |à | Once a week | | | | | |à |à | 5 ââ¬â 6 times a week | | | |à | |à |à | Everyday | |à |à | Yes|à | |à | |à |(Tick v for suitable options) | |à | |à | |à | |à |à | Yes|à | |à | |à |(Tick v for suitable options) | |à | |à | |à |à | Seek medical help | |à | |à | |à |à | Carry with me plain water |à | |à | |à |à |Revert to de-caffeinated beverages | |à | |à |à | Replace these drinks by chewing gum or sweets | |à | |à |à | Resort to junk food / fast food |à | |à | |à |à | |à |( Rank 1 for major reason and 6 for least major reason) | |à | | | | | |à |à | | | | |à |à | I find them convenience |à | I consume them to help | |à | | |à |à | become moody | |à | become sick easily | |à |à | become less alert / active |à | become sleepy / lazy | |à |à |à |à |à |à |à | | | | | | | | | |13) |Consumption of caffeinated beverages leads to emotional disturbances. à |à | |à |à | | | | | | | | | |14) |I find it difficult to cut down on my consumption of such beverages. |à |à |à |à |à | | | | | | | | | |15) |I require help to overcome my addiction towards caffeinated beverages. |à |à | |à |à | | | | | | | | | |à |à |à |à |à |à |à |à |à |à |à |à |à |à |à | | THE END THANK YOU
Saturday, September 14, 2019
New Public Management Approach
The Concept of ââ¬ËNew public management Approachââ¬â¢ New public management (NPM) denotes broadly the government policies, since the 1980s, which aimed to modernize and render more effective the public sector. The basic hypothesis holds that market oriented management of the public sector will lead to greater cost-efficiency for governments, without having negative side-effects on other objectives and considerations.The last two decades to 2006 have been associated with a fundamental shift in the principles of public sector management in all industrialized countries. This had, in turn, been a product of a general reinvention of the role of government, its agencies, the means by which services are delivered, and employment practices within public sector organizations. At its core, this has been associated with a move away from a traditional model of public administration towards variants of the ââ¬Ënew public sector managementââ¬â¢ model.The traditional model of public ad ministration, based on the doctrine of the separation of powers, was associated with the delegation of a specific set of functions to public administrators in the implementation of policy and the expenditure of public funds. A central principle associated with this model was the idea that public service employees were independent from the political process. Their role was encapsulated by the maxim of providing advice ââ¬Ëwithout fear or favourââ¬â¢. This capacity for independent advice was assured through the idea of a career in the public service and explicit norms of behaviour and professional conduct.It has also been presumed that public service employees were less likely to be motivated by extrinsic rewards, more likely to identify with value of service to the public and the provision of public goods, and have a strong commitment to principles of justice, fairness and equity in discharging their duties. This traditional model of public administration was associated with an expansive view of the role of government, which prevailed throughout much of the twentieth century.This view produced a significant role for government in regulating economic and social relations, owning productive assets and producing goods and services, in a range of areas in the period until the mid to late 1970s. From that time, the role of government and public sector organisations came under sustained scrutiny, with the result that governments privatised production of many goods and services previously seen as the natural domain of government, such as essential services; withdrew from the direct control f production of goods and services funded by the public purse through corporatization and outsourcing; and encouraged the contestability of markets in which the government had previously been a monopoly producer. This general reorientation of the role of government has been associated with changes to internal organizational attributes and management practices within public sec tor organizations. This ââ¬Ënew public managementââ¬â¢ has shifted the focus from public service to service delivery.The principles associated with new public management have been informed by the idea that public service needs to be more responsive to both the preferences of beneficiaries, citizens who pay for service provision through tax, and politicians who represent the collective will and make policy choices. From this perspective, ministers are seen as analogous to customers, and citizens to consumers. New public management has been informed by economic doctrines that have advocated privatization, contestability in the delivery of public goods and services and, where possible, the provision of these goods and services through the private sector.For the core public service, this has also been associated with significant reforms to public employment systems and the norms of what constitutes professional public service. For Australian public service employees, this shift ha s involved the displacement of core legislative protections associated with independence by ââ¬Ëvalue statementsââ¬â¢ and ââ¬Ëcodes of ethical conductââ¬â¢, along with protective legislation for whistleblowers. More generally, this shift has occurred within the context of a decentralization of managerial responsibilities for workforce planning and human resource management to individual departments and agencies.For middle managers, this has meant a significant increase in responsibility for both ensuring probity in managerial practice and dealing with the ethical issues and conflicts that arise in dealing with ministers and stakeholders, the responsible expenditure of public money and the fair and just delivery of services to the community. Developments Some modern authors define NPM as a combination of splitting large bureaucracies into smaller, more fragmented ones, competition between different public agencies, and between public agencies and private firms and incenti vization on more economic lines.Defined in this way, NPM has been a significant driver in public management policy around the world, from the early 1980s to at least the early 2000s. NPM, compared to other public management theories, is oriented towards outcomes and efficiency, through better management of public budget. It is considered to be achieved by applying competition, as it is known in the private sector, to organizations in the public sector, emphasizing economic and leadership principles. New public management addresses beneficiaries of public services much like customers, and conversely citizens as shareholders.In 2007, the European Commission produced a white book on governance issues whose objective was to propose a new kind of ââ¬Å"relationship between the state and the citizens,â⬠reform governance, improve public management and render decision-making ââ¬Å"more flexible. â⬠Criticism Some authors say NPM has peaked and is now in decline. Critics like Du nleavy proclaim that NPM is ââ¬Ëdead' and argue that the cutting edge of change has moved on to digital era governance focusing on reintegrating concerns into government control, holistic (or joined-up) government and digitalization (exploiting the Web and digital storage and communication within government).In the UK and US NPM has been challenged since the turn of the century by a range of related critiques such as Third Way thinking (see Anthony Giddens) and particularly the rise of ideas associated with Public Value Theory (Mark Moore, Kennedy Business School, John Benington, Warwick Business School) which have re-asserted a focus on citizenship, networked governance and the role of public agencies in working with citizens to co-create public value, generate democratic authorisation, legitimacy and trust, and stress the domains within which public managers are working as complex adaptive systems with characteristics which are qualitatively different from simple market forms, or private sector business principles.In his book Bad Samaritans, economist Ha-Joon Chang claims that ââ¬Å"increased NPM-inspired reforms have often increased, rather than reduced, corruption,â⬠as a result of ââ¬Å"more contacts [of state-sector functionaries] with the private sector, creating new opportunities for bribesâ⬠and future, direct or indirect, employment in the private sector. Chang claims that ââ¬Å"corruption often exists because there are too many market forces; not too few. â⬠Robert Nield, a retired Cambridge economics professor and a member of the 1968 Fulton civil service reform committee, has stated, in reference to civil sector reforms implemented by British PM Margaret Thatcher, a pioneer and strong proponent of NPM, ââ¬Å"I cannot think of another instance where a modern democracy has systematically undone the system by which incorrupt public services were brought into being. ââ¬Å"
Friday, September 13, 2019
Impact of Politics on Business between Iran and United States and Dissertation
Impact of Politics on Business between Iran and United States and Russia - Dissertation Example This paper focuses on economical and political relations between Iran and United States and Russia and its impact on large and small businesses. It is proposed to conduct a research in order to determine the impact of politics upon the businesses amid the US, Iran and Russia. Correspondingly, the key objectives of the study will be as follows: â⬠¢ To determine and identify advantages and disadvantages of political influence over the business activities â⬠¢ To ascertain the importance of the political influence over business activities â⬠¢ To explore the possible future prospects of the businesses among the US, Iran and Russia in relation to the impact of politics. businesses are required to perform their operations in adherence with social, political and environmental regulations for sustainability in the long run. The entire process of a business in the societal environment is to be governed by various legal frameworks and policies. Besides, the political trends in a nation are influenced by societal acts whether based on individuals, societies or businesses. The policies to maintain an equitable and healthy environment in the society are implemented by the government and political leaders influence the legal framework in which businesses operate and the market conditions as well. The political interfaces developed with the aim of restriction and flexibility may have an immense impact over the businesses, as these could benefits the businesses or may introduce an additional risk or threats.
Thursday, September 12, 2019
Write problem set Speech or Presentation Example | Topics and Well Written Essays - 500 words
Write problem set - Speech or Presentation Example this is because, the substitution effect changes. The quantity of capital is less with more wage rate In the long run, a decrease in the price of capital will lead to an increase in labor units. This is because the proportions have a substitution effect. The total effect will be less capital and more labor employment. a) According to the substitution effect, I would expect a company to have a high own wage elasticity of demand if the other factors of production such as capital can easily be used as substitutes for labor. This would make it easy for labor to be reduced or increased depending on its substituteââ¬â¢s quantities. b) If the product being produced in an industry has high price elasticity, then it means that the labor elasticity of demand will also be high. If an industry is producing coffee and the elasticity of demand for coffee keeps changing, then the own wage labor rate will also change relatively to the elasticity of demand of the product. c) When all the other factors of production have a high elasticity of demand, then it also means that the labor elasticity of demand will be high thus elastic. If a companyââ¬â¢s capital demand keeps changing for example, then it means even labor demand will change as the two are co-related. A company will only be able to hire what it can pay for thus the elasticity. d) If the total cost of production of a company is highly contributed by labor, then the labor elasticity of demand will tend to be highly elastic. This is a scale effect that means that, the more labor in an industry contributes highly to more total costs in production, the more the company is likely to demand labor. If product cost is low for example and the company requires to spend less on production, they will cut on labor because it has the bigger percentage hence the
Wednesday, September 11, 2019
Using Perceptual Maps in Marketing simulation Essay
Using Perceptual Maps in Marketing simulation - Essay Example This will be followed by direct impact/results of these decisions which will be generated by the simulation itself. Following this explanation, the interdependence between differentiation and positioning a product and a service is explained. Besides this, the results of the decision of repositioning the brand of Cruiser Thor or introducing a whole new product line will also be discussed. Besides this, the overall effect of Product Life Cycle on the brandââ¬â¢s performance and the scenarios presented in the simulation is also discussed, which will give a comprehensive summary of selected marketing plans and its impact on the brandsââ¬â¢ performance. 1. Scenario 1 1.1 The Situation Cruiser Thorr is the market leader in the motorcycle industry where the consumers symbolize the brand with lifestyle. Lifestyle positioning is the strongest element in the motorcycle industry and Cruiser Thorr enjoys the brand image of a premium product with all the features and deliverables which make s it the first choice of the consumers who can afford it. Situation 1 of the Simulation presents a scenario where the Cruiser is losing Sales because its ideal target market (men in the age-group of 25-50) is growing old and is no longer interested in the lifestyle image of the brand. Moreover, the alternative market of the youngsters do not relate to the image of the brand of Cruiser. Therefore, the brand had to be repositioned in the market and around those elements which would cater to the consumer preferences as portrayed in the market research. 1.2 Recommended Solutions The possible solution was to reposition the brand. I selected the parameters of Price, Service Offerings, Product Uniqueness, Product Design and Style. The results showed by the simulation were that the parameters of Product Style and Design and Product Uniqueness were not appropriately selected. I selected the Service Offerings because the competing brands had good services to offer and that, because of the hig h price of the Cruiser, it had to be complimented with Financial Services. Besides this, the Product Style and Design would have complimented the Lifestyle image. I did not select the Lifestyle parameter exclusively because the trend in the target market showed that this was no longer as important to the consumers as it was when they were young. 1.3 The Results As lifestyle image is the most important component in the Motorcycle Industry, the brand will sustain its image. Along with this, the Quality Engineering parameter also had to be included as it incorporated all the other factors such as the engineââ¬â¢s performance, the design and its overall quality; which are important to the consumers. 2. Scenario 2 2.1 The Situation The second Scenario was that the brand of Cruiser was lagging in sales despite repositioning it. The market dynamics through research showed that the young men, aged from 20 ââ¬â 35 comprised of a strong market potential. Now the question was either to reposition Cruiser Thorr again or to launch a separate product called RRoth ââ¬â a much lighter version of the Cruiser. 2.2. Recommended Solution The solution was to launch a separate product line under the brand of RRoth with low prices, more financial services, unique design and the quality persistent with Thorrââ¬â¢s image. The idea of repositioning Cruiser would be harmful because Cruiser Thorr is the premium brand of the company and repositioning it in the
Tuesday, September 10, 2019
Critical evaluation of our times Essay Example | Topics and Well Written Essays - 1500 words
Critical evaluation of our times - Essay Example The history of terrorism dates back to between 10th and 14th century in Syria and Iran. It originated from the Hashhashin, whose English word came to be known as ââ¬Ëassassinsââ¬â¢. They were an unknown Islamic group that killed the Abbasid and Seljuk who were political figures. They cannot be compared with the modern day terrorists due to their failure to use the media and other forms of communication to create a sense of terror to the people. Modern terrorism is experienced virtually everywhere in the world unlike the assassins of Syria and Iran who were only confined to those two countries (Jeroen et al 20). The history of modern terrorism dates back to 1793 during the Reign of Terror as initiated by Maxmilien Robespierre, who was one of the heads of the new state during the French revolution. He killed the enemies of revolution and mounted totalitarianism in order to regain national stability. To him, his methods were just in the monarchical transformation to liberal democracy. He said that for one to be right as a founder of the republic, he or she needs to pacify by terror the opponents of freedom. With his sentiments, the foundation for modern terror was laid to teach that violence will lead to a better system. But the featuring of terrorism as a state action faded, whereas the thought of terror as an attack against the prevailing political order eventually was more noticeable (Schmalleger, 109). At the start of 1950s, there was the emergence of non-state terrorism that entailed the rise of guerilla tactics that was being orchestrated by the non-state actors. This had been widely done in the last half of the 20th century. The thriving of tribal nationalism such as the Zionist; the anti-colonial utterances in France and Britain as well as the ideologies like communism were some of the guerrilla tactics (Fukuyama, 45). In clear terms, the terrorist groups of the 20th century with a one united national goal started forming in
Monday, September 9, 2019
Hobbies Article Example | Topics and Well Written Essays - 250 words
Hobbies - Article Example I love McDonalds, and Starbucks is my home away from home. Some people like to collect to stamps, some like to paint'..I like to eat. Simple! I have yet another hobby that most people aren't aware off. I'm a serial killer!! Yes I'm the same person who some people and even animals are afraid off. Yes...and that's because I kill mosquitoes. I have a record hunting spree of killing 103 mosquitoes in a single hour. I kill by the dozen and that too with my bare hands. And I enjoy it. Weird right' Well that's me! Oh I left the favorite hobby of mine for the last. This is the most normal hobby that I have and it's a kind of hobby that most people have. Yes I'm talking about reading books. Bookworm sounds too nerdy, yet if it had been something cool, I would be a a proud bookworm. But obviously I read E-books. Harry Potters, Lord of the Rings, Stephan Kings, Dan Browns'.you name it and I most probably would have read it. I suppose you weren't expecting such a normal hobby from me, right' Wel l, I have to say it again'that's me '
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