Sunday, January 26, 2020
Team Spirit And Team Work Management Essay
Team Spirit And Team Work Management Essay Introduction The team is a dynamic set of people that has a particular purpose. Under certain conditions conducive to unity, the team is developed into an organized system of interdependent roles, institutions, common goals, values, attitudes and homogeneous behavior, which satisfies the needs of its members. Although Western culture promotes independence, people in todays organizations do not work in isolation but in teams so team working is very important. According to Guzzo Shea (1992:90) a real (not an artificial) team should have the following characteristics: It is recognized as an existing entity from its members but also from members who know the team. It provides a degree of interdependence among its members. It provides differentiation of tasks and roles. Human society is based on teams. From a practical standpoint, people participate in teams because: They feel the need to build social relationships. Teams are a source of information. Teams provide compensation (e.g. friendship, recognition, material goods). Participation in a team enables the individual to achieve goals that could not be achieved at his/her personal level. People are asked to join a team, a fact that occurs mainly in the workplace. In this case, it concerns formal groups, which vary from the informal groups that are created spontaneously based on common interests, friendships, etc. In the typical workplace, the formal (e.g. department of a business) groups and the informal groups coexist. Team Spirit Team Work All companies that want to achieve high productivity ensure that there are team spirit and cooperation among employees. In particular, many experts argue that teamwork is very effective in companies where the requirement for dissemination of information is very high. Thus, a connection is seen between information management and teamwork. For this reason, it is imperative to create effective teams, which should be motivated either through monetary and non monetary rewards to produce the best possible result. An effective team has clear objectives, is consisted of people with similar skills that match the teams goals. Members should trust each other, trust should be encouraged by an open, honest and cooperative business culture (Beer et al. 1984:66). Human Resources Management is one of the key factors for creating such culture. Good cooperation requires good communication and good leadership. Furthermore, companies should offer incentives, especially, team incentives, which will help increase cooperation. Apart from monetary incentives, companies must provide non-monetary rewards such as employee involvement and empowerment. Effective teamwork can be achieved through the proper organization of the teams. It is particularly beneficial for businesses because it increases flexibility and speed. A project is carried out by several people with different skills so it is possible to have more innovative ideas and decision making will be more effective due to the heterogeneity of the group. The most important thing is that the team should be encouraged and supported in order to increase productivity to a much greater extent than if the work was performed on an individual basis (Robbins Coulter 2002:255). The role of Human Resources Management is seen as particularly crucial to achieve this goal, i.e. the creation of efficient teams. Myths regarding teams Mature individuals compose mature teams. The team is the sum of individuals. Effective procedures, methods and rules of the team have universal application. The effectiveness of the group depends primarily on the quality of its leader. The individual must sacrifice his freedom to belong to the group. ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à Theory of group creation Among the theories that explain the formation of groups, the dominant and most prevalent is the one suggested by George Homans (Albanese and Van Fleet and 1985:250). According to this theory, the creation of a team is the result of three interrelated forces that constitute the environment in which every social system exists. These forces are the technology and know-how (technological environment) of the organization, the elements of the natural environment (place, facilities) of the organization, the training / culture of the environment or of the organization (norms, values, beliefs). These forces affect more people and require certain actions and interactions among them. These imposed actions and interactions in turn create emotional situations (emotions) and attitudes among individuals. The actions, interactions and emotions are interdependent with each other. For example, the more contacts (interactions) exist among individuals the more positive the emotions become and vice versa . This combination of these three parameters, Homans calls it external system because it is caused by the environment of the individuals. This combination leads to the initial creation of the group. After the initial creation of the group, its operation leads to internal dynamics i.e. developing new attitudes, norms and common benchmarks that are certainly not caused by the environment. These parameters of the internal dynamics of the group are according to Homans (Albanese and Van Fleet 1985:252) the internal system. Of course, between the internal environment of the group and its external environment there is a dynamic interactive relationship. The formation of a formal team/group The formation of a formal group follows four successive stages (Tuckman 1965:385, Tuckman Jensen 1977:421): The forming stage, which tries to determine the position and status of the team members. At this stage, a group of people form a team which has a very low level of maturity. The objectives and rules are not yet defined. The members do not know the behavior of others in the group, and the tasks are vague. At this stage members get to know each other and define the reasons for creating the team. Typically here, the members make efforts to ensure the existence and identity of the group or to create impressions. Communication is superficial, and people mostly think how to behave and invest the time, knowledge and skills within the group. There is skepticism, distrust and uncertainty.ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à ÃŽà µÃ â⠬ÃŽà ¯Ã à à à ÃŽà ·ÃŽà ¼ÃŽà ± there in The storming stage where the first signs of conflicts and objections appear as the differences among the group members become apparent. This phase lasts up to the setting of a hierarchy within the group. At this stage, most members try to maintain their individuality in the group. This mainly involves the creation of sub-groups (cliques) among members with common main characteristics (age, characters, skills, etc.). These processes, however, lead to a more realistic definition of goals and procedures. Unfortunately, several teams remain long enough at this stage or they never get over it.ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à ÃŽà µÃ â⠬ÃŽà ¯Ã à à à ÃŽà ·ÃŽà ¼ÃŽà ± usually commonly ordinarily customarily in the ordinary way The stage of establishing standards (norming), where the team, after the conflict, begins to make its own rules of conduct, which should refer to the roles and status of the members as well as to the rules that should be followed. The stage of performance (performing), where the team is involved in the project assigned. At this stage, the team having made clear its goals and tasks and having determined the procedures and rules of operation, focuses on achieving its objectives. The members develop initiatives and make efforts towards this direction. It is basically a stage of maturity of the group meaning its structure and operating procedures are crystallized, the relationships among its members are developed as well as its consistency. Thus, the teams efforts are focused on delivering results. Of course, the team periodically assesses its performance, which may lead to a redefinition of goals, roles, tasks, procedures and rules. It should be stressed that the maintenance of the team at this stage needs constant effort from all members and of course from the leader. It is also important to understand that the group may, for various reasons (e.g. changes in the environment, new members, etc.) go back to previous stages.ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à ÃŽà µÃ â⠬ÃŽà ¯Ã à à à ÃŽà ·ÃŽà ¼ÃŽà ± usually commonly ordinarily customarily in the ordinary way ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à ÃŽà µÃ â⠬ÃŽà ¯Ã à à à ÃŽà ·ÃŽà ¼ÃŽà ± usually commonly ordinarily customarily in the ordinary way The stage of dissolution (adjournment), where the team has done its work and stops all activity. This stage is not always displayed, while a characteristic example concerns the various committees that are formed. Group decision making Many times the effective team function encounters certain problems that managers must be aware to identify and treat them successfully. Koontz and O Donnel (1968:327) suggest the following team problems: the high cost in time and money,indecision,the reconciliation of members to a lowest common denominator,the dominance of an individual on the team,the division of responsibility and the tyranny of the minority. ÃŽââ¬ËÃŽà ºÃ à à Ã
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â ÃŽà à à ÃŽà ¿ÃŽà ²ÃŽà ¿ÃŽà »ÃŽà ® ÃŽà »ÃŽà µÃ â⠬à ââ¬Å¾ÃŽà ¿ÃŽà ¼ÃŽà µÃ à ÃŽà ¿Ã à à ââ¬Å¡ ÃŽà »ÃŽà µÃŽà ¾ÃŽà ¹ÃŽà ºÃŽà ¿Ã à ÃŽà µÃ â⠬ÃŽà ¯Ã à à à ÃŽà ·ÃŽà ¼ÃŽà ± many times According to Janis (1972), when a very coherent, hierarchical and disconnected from the social environment group must decide, it is possible that a mechanism is activated to protect the group from internal dissension, in which everyone tries to ensure unity and consensus and avoid conflict, which significantly reduces the quality of decision. Janis (1972:168) suggests the following symptoms of group thinking: The illusion of the perfection of the team The rationalization of everything and the depreciation of facts and objective information The illusion of moral underpinnings The devaluation of external environmental factors The pressure for compliance and strong patterns of thinking The illusion of unanimity Self-censorship The obstacles in the minds of others Small number of alternative solutions and refusal to reexamine decisions that have been taken or alternatives that have been rejected. Ignore or underestimate risks.ÃŽââ¬ËÃŽà ºÃ à à Ã
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â being creature ÃŽà ¬Ã à ÃŽà ¸Ã à ÃŽà ¿ the The opposite of group thinking is brain-storming. Such an approach means that the team takes a liberal stance and generates as many ideas as possibleà » (Mullins, 1989:409) because its members believe that quantity of ideas mean quality of ideas. One could expect that a group of brainstorming would generate more ideas to solve problems rather than if each member worked independently. Nevertheless, researches have shown that this is not true, and that such groups can inhibit creative thinking. Whatever promotes social interaction among all team members removes the chances of compromise and favours the appearance of opinions that no one dared to express in the group. The conflict is even more efficient (leading to more polarization) in groups where relationships are less formal, the hierarchy is less authoritarian and in groups having flexible rules of operating i.e. they focus more on the discussion rather than procedures (Isaacs 1993:99). These conditions are not far removed from those that play a positive role in creativity. Conflicts Team performance is sometimes impeded by conflicts. A conflict is associated with two or more sides, which may be individuals, groups, departments, companies, political parties, or even whole nations. The conflicts between the two sides may have the following types (Stoner 1989:59): Individual conflicts: the conflict in the individual decision-making. Organizational conflicts: the conflict of individuals or groups within an organization. Conflicts among organizations: the conflict among organizations or groups. These three categories generally arise from rather different basic mechanisms, although there are some overlaps. From an organizational point of view, the conflicts could be categorized as: Hierarchical conflict, i.e. conflict among different hierarchical levels, e.g. between the Board and the General Manager. Operational conflicts among different functions or departments of the business, e.g. between sales and production. Conflicts of executive fist line employees. Conflicts between the formal and informal organization. The conflicts among individuals and groups are a common and everyday phenomenon in the workplace. Typical symptoms of conflict are reluctance, hesitation, aggression, apathy, anxiety and distress (Hellerieger Slocum 1992:222). Individuals and groups with different values, experiences, knowledge, skills, attitudes, responsibilities, needs and goals, must coexist and cooperate in an organizational environment characterized by uncertainty and complexity in terms of structures, procedures, techniques, rules, etc. Therefore, conflicts are a natural consequence of this situation. The Classical School of Management (Taylor 1947:89, Fayol 1949:245) considers conflict as a negative phenomenon that should be avoided because of the malfunction caused and the negative effects on efficiency. For example, Elton Mayo (1933:87) and Peter Drucker (1974:220), in essence, argue that conflict and tension are only a perversion from the normal state of human actions, and therefore, should be allowed to disappear through training. In particular, the traditional concept featuring an even larger number of managers belief, supports that: -Conflicts can be avoided. -Conflicts arise from personality problems of individuals and from unsuccessful leadership. -Conflicts cause malfunctions in the organization and generally have explosive consequences Conflicts are solved with the physical removal of the conflicting parties or with the involvement of senior managers. However, unlike this traditional view, the development of social sciences, led to the development of the modern concept of management regarding conflicts and which supports the following (Robbins 1998:251): Conflicts are inevitable and are neither good nor bad, i.e. they may have either negative or positive consequences. These conflicts are mainly due to the complexity of organizational structures, procedures, rules, techniques and systems. The conflicts can be addressed positively by removing the reasons that cause them and by solving the problems. So, according to the modern perception, conflict is an inevitable and natural phenomenon. Besides its negative consequences that are more or less obvious, it can have positive ones like enabling people for more action, becoming a driving force for positive changes in the organization or becoming a developmental experience. It is therefore, obvious that it is more realistic to believe that conflicts have both positive and negative effects. In the positive ones belong new ideas, innovations and changes, better decision making, increased participation, a possible increase in productivity as well as the strengthening of relations if the conflict is solved positively by both sides. In the negative ones belong the waste of energy, the reduction of morale (less job satisfaction), the creation of mistrust and polarization between the conflicting parties, reduced productivity, making biased decisions, and the creation of irresponsible behavior. It is important therefore to find the appropriate level and intensity of the conflict, so the company can reap the highest benefits. According to Robbins (1998:280), an excellent level of conflict is the one that does not create stagnation, but on the contrary it stimulates creativity and relieves tension, in order to increase productivity and create conditions for change, without causing disruption and detuning or staff dissatisfaction and trends for leaving the company. From the above, it becomes obvious that the handling of conflict is one of the main tasks of the leader and of the other team members. The effectiveness of these controls undoubtedly contributes to the overall effectiveness of the team and the company (cast 1994). Prevention of inter-organizational conflict The main reason of appearance of conflicts in the organizational context is the segmentation of organizations (segmentation of departments, tasks and operations), which, however, is essential for their functionality. Given. therefore, the existing segmentation, Schein (1980:88) recommends the following methods to prevent conflict: à ¢Ã¢â ¬Ã ¢ Emphasis should be given on the efficiency of the organization, while stressing the role and the contribution of the individual parts to the whole performance. à ¢Ã¢â ¬Ã ¢ There should be communication and cooperation among the groups of the same organization. à ¢Ã¢â ¬Ã ¢ There should be a circular rotation of the members in various departments to promote greater understanding of the particular problems faced by each department or each group. à ¢Ã¢â ¬Ã ¢ Competition among departments or groups should be avoided. Emphasis should be given in coordinating the forces and actions aiming at the overall performance of the organization. The rewards should be allocated equally among the departments and they should be based on effort and contribution and not on the result. Characteristics of effective teams Sense of common mission and vision and understanding of the interdependence. Comfortable,informal atmosphere and positive climate. Existence of commonly accepted and optimistic goals, members commitment to them and the ability to redefine them as necessary. Align individual and team goals. Ability to select, correct methods, procedures and rules and change them when it is needed. Open and effective communication. Free expression of feelings, ideas, opinions, etc. Capability of achieving consensus through debate and arguments. Ability to self criticism and definition of minimum tolerable efficiency. Team learning through sharing of knowledge and experiences, successes, failures and mistakes. Exploiting the knowledge, skills, experience and attitudes of all members. Satisfaction and motivation of members. Ability to ensure consistency of the team. Encourage risk-taking initiatives and creativity. Commitment and accountability of members. Mutual respect, self-respect and mutual trust among members. Energy dynamism. Effective leadership. ÃŽââ¬ËÃŽà ºÃ à à Ã
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½ÃŽà ½ÃŽà ·ÃŽà ¼ÃŽà ± heigh Conclusion Team performance Regarding the productivity of individuals and groups based on experiments, observations and theoretical positions of social psychologists, the following conclusions can be drawn: It is not certain that a team performs better than a person. So when the person knows the job, and there is a moderate level of conflict, then s/he will perform better than the team. If the person has the skills to solve a complex task, s/he will succeed equally well but will need more time. The conflict gives rich and varied solutions to the problems the group has, however, it has increased costs in human working hours (Jehn 1995:270). In the working groups where the individual contribution to the project cannot be identified and evaluated, it is likely that the performance of individuals and of teams will be reduced (Jehn, 1997:272). When the person works in the presence of others and believes that the others assess his/her performance while the work that s/he does is simple or familiar, the chances are that s/he will perform well. The opposite will probably happen when the task is difficult or when the individual does not know it well. In teams, people evaluate the contribution of other members. If the person feels that others will do the job then s/he will reduce, presumably, his own performance (the phenomenon of the free rider). The same will be done if s/he feels that someone is trying to benefit from his work (the phenomenon of the sucker )(Kerr Brunn, 1983:82). Many of these phenomena explain partly the inefficiency of public services where there is no performance evaluation of each employee separately. The lack of motivation is also important and this has resulted in the phenomena of the free rider and the sucker. The committees for solving problems or performing tasks are not always the best solution, since they lead to a loss of incentives, diffusion of responsibility and avoidance of work by some employees. Excluding the cases calling for diversity of ideas and viewpoints, individuals will perform better than teams.
Saturday, January 18, 2020
Introduction to Marketing M1 and D1
Introduction to Marketing ââ¬â Comparing Marketing Techniques in H&Meting Techniques in Hollister and Primark For this assignment I was meant to write about Primark and Hollister. I am still basing part of my assignment on Primark. But, I have changed Hollister to H & M as I was unable to find any information on Hollister The information I found on Hollister the background I couldnââ¬â¢t find anything about aims and objectives and how Hollister market the business. The information I found on Hollister Hollister is an American lifestyle brand.The concept of Hollister was originally designed to attract customers between the ages of 14 to 18 as there prices are lower than the parent brand. Hollister clothing line was inspired by the parent brand SoCal. Hollister products are available in store across the world and online. Hollister was the second most preferred clothing on a list West Coast companies in 2008. The businesses I have chosen for this assignment are Primark and H&M. H &M Primark is an Irish clothing retailer, in Ireland Primark is known as Penneys.Primark have different store all around the world such as Portugal, Spain, Germany, the Netherlands United Kingdom and Belgium. Primarkââ¬â¢s main headquarters are in Dublin. Primark first opened in 1969 on Mary Street in Dublin. Primarkââ¬â¢s mission statement: ââ¬Å"To supply quality clothing at prices perceived to offer real value. â⬠Primarkââ¬â¢s aims and objectives are: * To provide good quality products to customers. Primark want customers to know that they are an excellent company which provide good products for low prices. Primark achieve this by doing tests on their clothing and product to examine the quality of the goods they sell. Profit Maximisation * To sell products and clothing at reasonable prices. Primark want their customers to have a variety of clothing and product at suitable prices. Primark well achieve this aim by looking at what other high street store are selling and make their prices lower so they stay ahead of their competition. * To be helpful and friendly to customers and other employees. The customer of Primark like the atmosphere at Primark and service given this well make them to come back so therefore Primark well gain repeat customers. Primark will achieve this by greeting the customer as they walk in.By doing this Primark employees create an excellent atmosphere for customers as the greeting makes them feel welcome. * To treat everyone the same. A customer at Primark needs to feel that they are treated the same as any other customer at Primark. If a customer feel they are being treated differently to someone else they are more likely to shop somewhere else so therefore Primark well lose customers because the customer who thinks they were treated unfairly will tell their family and friends about their experience at Primark so word of mouth well have an impact on Primark.H & Mââ¬â¢s mission statement: The aims and objectives of H & M are: H&M aims: * To show appreciation. * To encourage long-term commitment. * To promote future recruitment. * To strengthen H&M as an attractive employer. H&M have three mean marketing objectives the three objectives are: * To make the H&M brand name more well known by doing more promotion example more advertising. The H&M brand need to be more outstandingly outside of significant cities. In the USA more people are unaware of what H&M offer.So to gain more customers and beat their competitors H&M are advertising the brand in different way compared to their competition example H&M membership. If you are a member of H&M you can get text messages and email informing customers about the newest product H&M have. The H&M brand need to be well known as the more people know about the brand, the easier it is to expand such as more stores in more countries. * To focus on the fact which H&Mââ¬â¢s regular sale prices are usually lower than their competitors.The second objective of H&M i s to focus a percentage of the advertising to the fact that H&M average sale prices are more regularly lower than their competition. H&M rely on nonstop focus on cutting cost. Also the officials in H&M buy the materials as cheaply as possible; H&M also need to keep their overheads low. All the advertisements focusing on H&Mââ¬â¢s low price but good quality products. This helps keeps the H&Mââ¬â¢s brand image in a positive light among their teenage customers while still stating that they are good value for money. To use economic slowdown as a possibility to expand by obtaining more low ââ¬â cost venue and prepare for future economic growth. H&M want to expand in the USA by securing low cost venues. As the economic property market gets worse H&M which leases itââ¬â¢s will find it more straightforward acquiring prime locations at excellent period. This will give H&M an advantage when the property market picks back up. H&M use the opportunity to expand to low ââ¬â price d venues for the future climb in the brand There are similarities in the way Primark and H&M market their products for example jeans.Primark market their new collection of jean on the internet by having ââ¬Å"pop upâ⬠advertisements on line for example on if you have an email contact sometimes there are advisements. H&M advertise the same way as Primark but they also have television advertisements advertising for example a new pair of jeans. Also if youââ¬â¢re a member of the H&M you get emails to your email address informing the receiver about any new collections. Primark do give got leaflet or fashion books with the seasonââ¬â¢s current fashion in which can be found at the store.H&M do give their customer leaflets and booklets informing them of the season current fashion which H&M sell in store. For example the leaflet or booklet could be about all the different types of jeans H&M sell. It is also type advertising. If Primark were to give their customers leaflets and b ooklets they would gain more customers. H&M do competitions but H&M customers are only allowed to enter the completion once they have spent a certain amount of money at their store or on line.Primark donââ¬â¢t do competitions as their purpose is to gain customers by selling products cheaply. H&M give out vouchers to their customer and also do discounts at the end of season on their clothing this is a great marketing strategy because the customer knows that H&M want to make a profit but they also take the customers The two marketing tools Primark and H&M use are Market Penetration and Market Development. Market penetration is used in Primark and H&M. For example Primark and H&M sell clothing such as jeans tops dress coats jackets e. . which are existing products to existing markets. Using market penetration is a marketing strategy which the aim is that Primark and H&M Primark and H&M both use market development because the aim of market development is to sell existing products int o new markets. Primark and H&M have opened store around the world. H&M also distribute clothing in different ways. Example they have an order before 3pm and you get the product you ordered the next day. You can also order online and collect at the store which is local to you.Market development is a dangerous strategy compared to market penetration because market development target new customers and markets. To conclude this report I think that branding and (something else) are need in Primark and H & M in order for the business to be successful. Marking strategies are key in business in order to give the business structure. Introduction to Marketing ââ¬â The Effectiveness of Marketing Techniques used by H&M Market penetration are customer know purchase a product.For example if someone was to purchase a limted edtion Anna Dello Russa at H&M . The market would be people in the UK who like limted edtion Anna Dello Russa at H&M. H&M would grow by the rising number of people in the m arket who have bought the dress at H&M. Market development is when a business sells an existing product to new markets such as new customers. So in the example of the a limted edtion Anna Dello Russa at H&M. H&M could sell limted edtion Anna Dello Russa Rangein America.The product wouldnââ¬â¢t have changed, the prouct is just being sold to a different market to different customers. One of the advantages of using market penetration is that H&M would offer lower prices for a specified period to attract new customers. The customers might not respond when the normal price returns. But during that period they will get more customers. A disadvantage of using market penetration is that it could result in reduced profitability. As when using market penetration H&M reduce pricing meaning they may result in profits being low.If H&M were to launch a new range the result in sales may not cover the adversiting coasts and distribution costs. As market penetration seeks to achieve four main obj ectives what are: * To maintain the market share of current products. * Secure dominance of growth markets. * Restructure a mature market by driving out competitors. * Increase usage by existing customers. The advantage market penetration is that it can be achieved by a combination of competitive pricing strategies, advertising, sales promotion and personal shopper.H&M do all of the strategies listed above they adviste on telvision and online and in local area by posters. For the more high end people they even offer a personal shopper service. H&M use market penetration to adviste the business to make it more known for example when H&M advertise they are letting there customers know what products they are selling H&M uses another objective of the market penetration to their advantage by increase usage by existing customers by having a loyalty scheme.H&M offer a store card to their customers when their customers use the store card they get discounts on certain products in the shop. * It identifies what customers want. Market development indenties what customers want. Market development is the name given to a growth strategy where the business seeks to sell its existing products into new markets. There are many possible ways of approaching this strategy, including: * New geographical markets; for example exporting the product to a new country * New product dimensions or packaging: for example New distribution channels (e. g. moving from selling via retail to selling using e-commerce and mail order) * Different pricing policies to attract different customers or create new market segments Market development is a more risky strategy than market penetration because of the targeting of new markets. The advantage of using market development is that H&M sell products such as clothing that all ready exists to new customers/ markets. Another advantage of market development is that H&M are selling clothing to new customers in different countries.The disadvange of doing th is is that ecomic changes can happen in the countries which H&M have expand to meaning that they will therefore may lose money and their share holders divident can go down. The disadvange of using market development is that it is risker than using market penetration. The reseach I did to come to the conclusion I have made can be found on these websites and in the books listed below: Bevan, John; Coupland-Smith, Helen; Dransfield, Rob. BTEC Level 3 National Business, Book 1. http://www. penetrating. net/ http://www. s-m-i. net/pdf/Business%20strategyntro. pdf Introduction to Marketing M1 and D1 Introduction to Marketing ââ¬â Comparing Marketing Techniques in H&Meting Techniques in Hollister and Primark For this assignment I was meant to write about Primark and Hollister. I am still basing part of my assignment on Primark. But, I have changed Hollister to H & M as I was unable to find any information on Hollister The information I found on Hollister the background I couldnââ¬â¢t find anything about aims and objectives and how Hollister market the business. The information I found on Hollister Hollister is an American lifestyle brand.The concept of Hollister was originally designed to attract customers between the ages of 14 to 18 as there prices are lower than the parent brand. Hollister clothing line was inspired by the parent brand SoCal. Hollister products are available in store across the world and online. Hollister was the second most preferred clothing on a list West Coast companies in 2008. The businesses I have chosen for this assignment are Primark and H&M. H &M Primark is an Irish clothing retailer, in Ireland Primark is known as Penneys.Primark have different store all around the world such as Portugal, Spain, Germany, the Netherlands United Kingdom and Belgium. Primarkââ¬â¢s main headquarters are in Dublin. Primark first opened in 1969 on Mary Street in Dublin. Primarkââ¬â¢s mission statement: ââ¬Å"To supply quality clothing at prices perceived to offer real value. â⬠Primarkââ¬â¢s aims and objectives are: * To provide good quality products to customers. Primark want customers to know that they are an excellent company which provide good products for low prices. Primark achieve this by doing tests on their clothing and product to examine the quality of the goods they sell. Profit Maximisation * To sell products and clothing at reasonable prices. Primark want their customers to have a variety of clothing and product at suitable prices. Primark well achieve this aim by looking at what other high street store are selling and make their prices lower so they stay ahead of their competition. * To be helpful and friendly to customers and other employees. The customer of Primark like the atmosphere at Primark and service given this well make them to come back so therefore Primark well gain repeat customers. Primark will achieve this by greeting the customer as they walk in.By doing this Primark employees create an excellent atmosphere for customers as the greeting makes them feel welcome. * To treat everyone the same. A customer at Primark needs to feel that they are treated the same as any other customer at Primark. If a customer feel they are being treated differently to someone else they are more likely to shop somewhere else so therefore Primark well lose customers because the customer who thinks they were treated unfairly will tell their family and friends about their experience at Primark so word of mouth well have an impact on Primark.H & Mââ¬â¢s mission statement: The aims and objectives of H & M are: H&M aims: * To show appreciation. * To encourage long-term commitment. * To promote future recruitment. * To strengthen H&M as an attractive employer. H&M have three mean marketing objectives the three objectives are: * To make the H&M brand name more well known by doing more promotion example more advertising. The H&M brand need to be more outstandingly outside of significant cities. In the USA more people are unaware of what H&M offer.So to gain more customers and beat their competitors H&M are advertising the brand in different way compared to their competition example H&M membership. If you are a member of H&M you can get text messages and email informing customers about the newest product H&M have. The H&M brand need to be well known as the more people know about the brand, the easier it is to expand such as more stores in more countries. * To focus on the fact which H&Mââ¬â¢s regular sale prices are usually lower than their competitors.The second objective of H&M i s to focus a percentage of the advertising to the fact that H&M average sale prices are more regularly lower than their competition. H&M rely on nonstop focus on cutting cost. Also the officials in H&M buy the materials as cheaply as possible; H&M also need to keep their overheads low. All the advertisements focusing on H&Mââ¬â¢s low price but good quality products. This helps keeps the H&Mââ¬â¢s brand image in a positive light among their teenage customers while still stating that they are good value for money. To use economic slowdown as a possibility to expand by obtaining more low ââ¬â cost venue and prepare for future economic growth. H&M want to expand in the USA by securing low cost venues. As the economic property market gets worse H&M which leases itââ¬â¢s will find it more straightforward acquiring prime locations at excellent period. This will give H&M an advantage when the property market picks back up. H&M use the opportunity to expand to low ââ¬â price d venues for the future climb in the brand There are similarities in the way Primark and H&M market their products for example jeans.Primark market their new collection of jean on the internet by having ââ¬Å"pop upâ⬠advertisements on line for example on if you have an email contact sometimes there are advisements. H&M advertise the same way as Primark but they also have television advertisements advertising for example a new pair of jeans. Also if youââ¬â¢re a member of the H&M you get emails to your email address informing the receiver about any new collections. Primark do give got leaflet or fashion books with the seasonââ¬â¢s current fashion in which can be found at the store.H&M do give their customer leaflets and booklets informing them of the season current fashion which H&M sell in store. For example the leaflet or booklet could be about all the different types of jeans H&M sell. It is also type advertising. If Primark were to give their customers leaflets and b ooklets they would gain more customers. H&M do competitions but H&M customers are only allowed to enter the completion once they have spent a certain amount of money at their store or on line.Primark donââ¬â¢t do competitions as their purpose is to gain customers by selling products cheaply. H&M give out vouchers to their customer and also do discounts at the end of season on their clothing this is a great marketing strategy because the customer knows that H&M want to make a profit but they also take the customers The two marketing tools Primark and H&M use are Market Penetration and Market Development. Market penetration is used in Primark and H&M. For example Primark and H&M sell clothing such as jeans tops dress coats jackets e. . which are existing products to existing markets. Using market penetration is a marketing strategy which the aim is that Primark and H&M Primark and H&M both use market development because the aim of market development is to sell existing products int o new markets. Primark and H&M have opened store around the world. H&M also distribute clothing in different ways. Example they have an order before 3pm and you get the product you ordered the next day. You can also order online and collect at the store which is local to you.Market development is a dangerous strategy compared to market penetration because market development target new customers and markets. To conclude this report I think that branding and (something else) are need in Primark and H & M in order for the business to be successful. Marking strategies are key in business in order to give the business structure. Introduction to Marketing ââ¬â The Effectiveness of Marketing Techniques used by H&M Market penetration are customer know purchase a product.For example if someone was to purchase a limted edtion Anna Dello Russa at H&M . The market would be people in the UK who like limted edtion Anna Dello Russa at H&M. H&M would grow by the rising number of people in the m arket who have bought the dress at H&M. Market development is when a business sells an existing product to new markets such as new customers. So in the example of the a limted edtion Anna Dello Russa at H&M. H&M could sell limted edtion Anna Dello Russa Rangein America.The product wouldnââ¬â¢t have changed, the prouct is just being sold to a different market to different customers. One of the advantages of using market penetration is that H&M would offer lower prices for a specified period to attract new customers. The customers might not respond when the normal price returns. But during that period they will get more customers. A disadvantage of using market penetration is that it could result in reduced profitability. As when using market penetration H&M reduce pricing meaning they may result in profits being low.If H&M were to launch a new range the result in sales may not cover the adversiting coasts and distribution costs. As market penetration seeks to achieve four main obj ectives what are: * To maintain the market share of current products. * Secure dominance of growth markets. * Restructure a mature market by driving out competitors. * Increase usage by existing customers. The advantage market penetration is that it can be achieved by a combination of competitive pricing strategies, advertising, sales promotion and personal shopper.H&M do all of the strategies listed above they adviste on telvision and online and in local area by posters. For the more high end people they even offer a personal shopper service. H&M use market penetration to adviste the business to make it more known for example when H&M advertise they are letting there customers know what products they are selling H&M uses another objective of the market penetration to their advantage by increase usage by existing customers by having a loyalty scheme.H&M offer a store card to their customers when their customers use the store card they get discounts on certain products in the shop. * It identifies what customers want. Market development indenties what customers want. Market development is the name given to a growth strategy where the business seeks to sell its existing products into new markets. There are many possible ways of approaching this strategy, including: * New geographical markets; for example exporting the product to a new country * New product dimensions or packaging: for example New distribution channels (e. g. moving from selling via retail to selling using e-commerce and mail order) * Different pricing policies to attract different customers or create new market segments Market development is a more risky strategy than market penetration because of the targeting of new markets. The advantage of using market development is that H&M sell products such as clothing that all ready exists to new customers/ markets. Another advantage of market development is that H&M are selling clothing to new customers in different countries.The disadvange of doing th is is that ecomic changes can happen in the countries which H&M have expand to meaning that they will therefore may lose money and their share holders divident can go down. The disadvange of using market development is that it is risker than using market penetration. The reseach I did to come to the conclusion I have made can be found on these websites and in the books listed below: Bevan, John; Coupland-Smith, Helen; Dransfield, Rob. BTEC Level 3 National Business, Book 1. http://www. penetrating. net/ http://www. s-m-i. net/pdf/Business%20strategyntro. pdf
Friday, January 10, 2020
The Importance of Education in Pakistan
â⬠The definition of education in common words, that education is the transfer of knowledge, skills and information from teachers to studentsââ¬â¢Ã¢â¬â¢.What is educationEducation is an important instrument in shaping destiny and good future of a person. Education is a ladder of progress. It is an essential source of development and success. Its education that guide us about what is wrong way or right way. Importance of Education: Education is very important for the individuals. Education is important for individuals to put their potential in every field of life for betterment.Its education, to grooming the human mind. No one is a human being until he has groomed in a proper way. A groomed person means, is full of ideas and having much more knowledge. Education is much more important for the betterment of individuals and for the development of the country.Quotes on EducationFriedrich Engels: An ounce of action is worth more than tons of theory.Albert Einstein: I am quite an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Fantasy world that surrounds it.Importance of education in Pakistan: Importance of education in Pakistan is far from satisfactory. 3. 5 percent of all students go to university degree, while the share of public universities is 0. 6, and vocational schools is 1. 08. However, Deen Madaris continue to attract a large proportion of the population. As of the census was 1. 55 million children enrolled in Deen Madaris.The system of education in Pakistan is normally divided into five levels:Pre-primaryPrimary SecondaryIntermediateHigher SecondaryUniversityOnly 80% of Pakistani students complete their primary school education. The standard national education system is mainly started by the system. This standard national education system starts from Primary education after pre-primary education, students go through junior school . Then to the middle school for the basic education. Th e eight common examined disciplines are: Urdu, english, mathematics, arts,science,social studies, Islamiyat and sometimes computer studies such as Punjabi, Sindhi, Pashto and others may be taught in their respective provinces.In Pakistan Secondary education consisting of board examination that is consisting of 2 yearââ¬â¢s education and have Science and General Group in it. In Pakistan the Intermediate education is also consisting of 2 yearââ¬â¢s education. it has science arts and general group in it. It is passed by board of intermediate and secondary education. After completing the Intermediate education, the students can go for the higher education to universities, there they complete their bachelors in their relevant field , as less people get chance to avail this opportunity to go for higher studies in Pakistan because of the higher education fee.These are the basic education system which is working from the last several years in Pakistan In order for Pakistan to survive in the coming years it should be highly projected that education needs to come on the top agenda of Pakistani government and its people. It is time, where there needs to be mental reconcile amongst the masses and the government that they need to focus on the education sector. It should be considered the pivotal point of balance for things to turn favorable.Development and progression would come to a halt if there were no education. High literacy rate is another common factor in all developed countries. Education is a primary source of evolution. Developments in science and technology can be accelerated through a widespread of education. It is also understood that through education more skilled people will be produced who can make the country developed. In Pakistan, lack of education is a root of many social evils.Child labour is a big problem, which is due to a lack of education in Pakistan. It should be mandatory that all children receive education till secondary level. Education e quips people with the tools that will help them survive in the society. They can find a job and stand on their feet. This old saying of ââ¬Ëinvest in rubies so that you earn profit in diamonds ââ¬Ëmight be one very correct formula for our Pakistani government to think about investing in education so that we see a substantial future.
Thursday, January 2, 2020
Essay on The Metropolitan Man - 3091 Words
The Metropolitan Man In Georg Simmelââ¬â¢s essay, ââ¬Å"The Metropolis and Mental Lifeâ⬠he states, ââ¬Å"the psychological foundation, upon which the metropolitan individuality is erected, is the intensification of emotional life due to the swift and continuous shift and external and internal stimuliâ⬠(Highmore 41). In essence Simmel is suggesting that the continuous activity of the metropolis creates a shield protecting him from outer stimuli that would exhaust his emotions. But in doing so, his sense of emotional expression becomes unresponsive. Upon examining the metropolitan man Simmel deduces that ââ¬Å"metropolitan life, thus, underlies a heightened awareness and a predominance of intelligenceâ⬠(Simmel 2). But also leaves the individual lessâ⬠¦show more contentâ⬠¦In Simmelââ¬â¢s essay, ââ¬Å"The Metropolis and Mental lifeâ⬠, he sets up an comparative image of rural and urban life, ââ¬Å"with each crossing of the street, with the tempo and multiplicity of economic, occupational and social life, the city sets up a deep contrast with small town and rural life with reference to the sensory foundations of psychic lifeâ⬠(2). The metropolis demands a different type of consciousness than does rural life. The metropolitan manââ¬â¢s life and continually speeding up with little time for emotional growth. The emphasis here rests highly on the intellect and developing a keen understanding of academics and societal regularities, such as art, literature, and fashion. The pace of rural living is much more lethargic. Consequently more time is spent developing deep meaningful relationships with people. As Simmel also points out, a person in the city could spend their whole life not knowing their neighbor, while in the rural areas that would be completely unheard of (6). In essence, individuals in the city rely heavily in the intellect while those in rural areas put a great deal of emphasis on relationships, both of these are means of survival. Over time there has been an evolution of the metropolitan man. In Simmelââ¬â¢s essay, ââ¬Å"The Conflict in Modern Cultureâ⬠he traces this progress form the early Middle Ages, toShow MoreRelatedEssay On Ethernet895 Words à |à 4 PagesEthernet, which has for quite a while been used for neighborhood (LANs), is dynamically being used for metropolitan region systems (MANs). Since it is conspicuous, fundamental, and down to earth, it is getting the chance to be doubtlessly pervasive as a strategies for transporting data in a MAN. A basic for giving different levels of administration in a MAN is the ability to help and keep up benefit level assentions (SLAs). Proper organization of SLAs ensures that customers dont harm their understandingsRead MorePainting Analysis: Yonker Ramp and His Sweetheart by Frans Hals997 Words à |à 4 PagesYoung Man and Woman in an Inn (Yonker Ramp and His SweetheartFrans Hals (Dutch, Antwerp 1582/83-1666 Haarlem)Date: 1623Medium: Oi l on canvasDimensions: 41-1/4 by 31-1/4Classification: PaintingsCredit Line: Bequest of Benjamin Altman, 1913Accession Number: 14.40.602Location: Gallery 615, The Metropolitan Museum of ArtRetrieved from http://www.metmuseum.org/Collections/search-the-collections/110001059Young Man and Woman in an Inn (Yonker Ramp and His SweetheartFrans Hals (Dutch, Antwerp 1582/83-1666Read More A Portrait of a Young Man Essay753 Words à |à 4 PagesA Portrait of a Young Man. Portrait of a Young Man was painted by Angolo Bronzino between the years of 1503-1572. The portrait is 37 5/8 by 29 à ½ inches and is an oil on wood( Metropolitan Museum of Art, 1999). I picked this painting because of the self assurance, at first glance, of the young man that is depicted. This appealed to me because it reflected my own attitude. After studying the portrait for a considerable amount of time I began to see possible sadness orRead MoreTiziano Vecellio: Titian1133 Words à |à 5 Pagesson Cupid is behind her placing a crown on her head. Venus is completely nude except for two bracelets, a necklace, and a small piece of cloth across her thigh. There is a cello next to her and a young man playing the lute while looking at her. There is a sense of movement created by the young man looking at Venus and Venus looking off into the distance. Venusââ¬â¢ body is one of the brightest parts of the painting drawing the viewerââ¬â¢s eye to her body and then to her face, which is looking out of theRead MorePerception Of Authority796 Words à |à 4 Pagesbecame a collective journey and eventually being a subject of England was equivalent to being imperialist. For people that could not travel, the guidebook acted as the object of mediation between authority and those it was imposed on (105). At the Metropolitan Muse um, the Egyptian exhibit is also represented under a certain niche monitored by authority. The ââ¬Å"spectator cultureâ⬠may vary based on prior knowledge, but the carefully fabricated environment showcases how the controller authorizes representationRead MoreThe Gorgon Murderer By Ernst Kirchner1101 Words à |à 5 Pagesidea that can be realistic or ideal. In the Metropolitan Museum of Art, I observed a statue of Perseus holding the head of Medusa which I found intriguing. In the mythological story ââ¬Å"Perseus stands naked with a sash and winged sandals, appearing to be the man beheading Medusa was purchased by Countess Valeria Tarnowska of Poland, is a replica of Canovaââ¬â¢s famed marble of Perseus in the Vatican, conceived about 1790 and first shown in 1801.â⬠Metropolitan Museum of Art. Museum label for Antonio CanovaRead MoreRacism And Racism By Georg Simmel1527 Words à |à 7 Pagesinteraction with humans and comes short/instrumental with emotional and personal involvement in relation to his/her community. ââ¬Å"The psychological foundation, upon which the metropolitan individuality is erected, is the intensification of emotional life due to the swift and continuous shift of external and internal stimuliâ⬠¦ Man is a creature whose existence is dependent on differencesâ⬠¦his mind is stimulated by the differen ce between present impressions and those which have preceded. Lasting impressionsRead MoreNt1210 Unit 2 Assignment1001 Words à |à 5 Pagesinterconnects computers within a limited area such as a home, school, computer laboratory, or office building using network media. MAN Metropolitan Area network is a computer network in which two or more computers or communicating devices or networks which are geographically separated but in same metropolitan city and are connected to each other are said to be connected on MAN. PAN personal area network is a computer network used for data transmission among devices such as computers, telephones and personalRead MoreHow The Implementation Of A Client Server743 Words à |à 3 Pagesbe consider in setting up this system will have to be the size and the purpose of our network system. After strong consideration we will have to decide on one of the following systems : PAN(personal area network) , LAN (local area network) , MAN(metropolitan area network) , WAN ( wide area network). Personal area network or PAN is commonly used at home , in a small business .Is the easiest to set up and maintain and is very cost effective and very stable and secure. One of the cons of this systemRead MoreRomare Beardenââ¬â¢s Collection Essay1635 Words à |à 7 PagesFeatured and organized by the Metropolitan Museum of Art, Romare Beardenââ¬â¢s collection is one that appreciates and depicts life for what it really is. Bearden did not like abstract expressionism. Instead, he made many collages depicting life with different perspectives, allowing the viewer to see reality, but also try to figure out the true meaning that Bearden meant to portray in the collage that was not directly seen by just looking at the picture. These collages were made by ââ¬Å"Cut and pasted printed
Wednesday, December 25, 2019
The Impact of Two Strong Political Parties on Americaââ¬â¢s...
The Impact of Two Strong Political Parties on Americaââ¬â¢s Politics The Constitution has nothing to say about political parties. Nowhere does it define political parties or explicitly specify that there should be two dominant parties. Nevertheless, America has had a strong two party system for last 150 years, a degree of party stability and endurance that can be found in no other nation (Landy and Milkis, 451). This system of two dominant parties has both its advantages and its drawbacks, the same as any system will. The two strong parties simplify and stabilize American politics from both the citizensââ¬â¢ and the politiciansââ¬â¢ point of view and allow for government to be unified across the separation of powers built into the Constitutionâ⬠¦show more contentâ⬠¦The parties formed after the Constitution was adopted as the need to systematically search for and encourage popular support became apparent. The structure of a party allows a group of like-minded politicians to mold popular support in the favor of the candidate of their choic e where alone they could only accomplish the creation of multiple less organized and therefore less politically potent factions. The nature of the political system already in place gave no value to coming in second or third in elections at any level of government, leading to the natural growth of two strong parties who battle for supremacy at every election (July 22). The winner takes all, and the opposition spends their time getting ready to try again as they wait for their next chance. Once the two parties, Democrat and Republican, were firmly settled in to the system they affected legislation to give themselves automatic ballot access and state funding, making election that much harder for other parties and thereby ensuring that it remained a two party system (July 22). The two parties have continued their 150 year long tug-of-war battle for dominance and over time have become symbols of American politics. It is nearly impossible to hold a political discussion without bringing up either or both of the parties or some prominent member thereof in reference to where they stand on the issue being discussed. A majorShow MoreRelatedPolitical Figures Henry Clay And Andrew Jackson1232 Words à |à 5 PagesFinal Paper One of the biggest rivalries in the United States Government that still impacts how the country operates today is between political figures Henry Clay and Andrew Jackson. Although Henry Clay never made it into presidency, he made many impactful decisions and events on behalf of our country. During the mid 1800ââ¬â¢s, there was a rapid change in the economics, demographics, and social aspects of the growing United States deeply affecting the lives of citizens. At the root of these issuesRead MoreThe United States Political System935 Words à |à 4 PagesThe United States political system is dominated by an intense battle for power. Those who have control, have the ability to influence the way our nation is operated. While every citizen has the opportunity to impact politics, some citizens and groups are at a disadvantage. In America, we struggle to ensure that every individual has a chance to equally participate in the political process. Although anyone can run for political office in the United States, the cost of a campaign is expensive. ThroughoutRead MoreThe American Two Party System1709 Words à |à 7 PagesThe American two-party system is the result of the way elections are structured in the United States. Representatives in the Congress and in state legislatures are elected to in single-member districts where the individual with the most votes wins. 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Tuesday, December 17, 2019
Washingtonââ¬â¢s Second Term The Election of 1792 - 1084 Words
In 1789, George Washington was unanimously elected by all 69 members of congress, to be the very first president of the United States of America. This unanimous vote was the result of Washingtonââ¬â¢s background. He was very well known in the thirteen states for being the leader of the great Continental Army, one that defeated the British in several key battles that ensured freedom and independence to the United States. Washington was also one of the people that helped found the Constitution, and he was well known, loved, and greatly respected by all the citizens and leaders of the United States. His first term was a great success, but there were more actions to be taken in the future. Thus, George Washingtonââ¬â¢s re-election in 1792 revealed theâ⬠¦show more contentâ⬠¦Those were Secretary of State Thomas Jefferson, Secretary of Treasury Alexander Hamilton, Secretary of War Henry Knox, and Attorney General Edmund Randolph. By doing this, Washington also set the preceden ts for how these 4 major roles would interact with the presidency of himself as well as the future presidents. He also established the cabinet as the Chief Executiveââ¬â¢s most trusted advisors. By doing all this, Washington had created a strong branch for the United States to go along with and he guaranteed the survival of the new nation as a powerful and independent country. A few closing events that led Washington to be elected for president and run for his second term were a few issues that began to rise in America, as well as Washingtonââ¬â¢s minor action of approving of Hamiltonââ¬â¢s financial plan. But first off, the financial plan. Hamilton and Washington both had the same views for the future of the nation of the United States, and Hamilton came up with his Financial Plan. It had an origination from the financial aspects of the US government at the time that Washington had. He was very concerned about this topic. The financial plan was crucial to America in the fact that it made huge changes to the way federal bonds would be handled and how debts would be payed off. Washington knew this was crucial to the survival of America, and passed the plan, knowing that conditions at this point would be improvedShow MoreRelatedAnalysis Of Aaron Burr s The Duel With Alexander Hamilton 1697 Words à |à 7 Pagesduel occurred. For example, in the pres idential election of 1800, Thomas Jefferson and Aaron Burr had the same number of electoral votes, so the next president was determined by the House of Representatives. Alexander Hamiltonââ¬â¢s number one politically enemy was Thomas Jefferson, but his distrust for Aaron Burr was so high Hamilton actively lobbied the Federalist-controlled House to support Jefferson over Burr. Not only did Hamilton define an election, he showed that he was a man of principles thatRead MoreGeorge Washington Presidential Outline2391 Words à |à 10 PagesWashington (1732-1799) II. 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They were less comfortable than wood though, and they distorted the shape of his mouth. One of George Washingtonââ¬â¢s many quotes was this ââ¬Å" It is impossible to rightly govern a nation without God and the Bible.â⬠(George Washington)(Brainy Quote) George Washington was born on February 22, 1732 in Wakefield, Virginia. He was born to Augustine Washington, and MaryRead MoreAmerican Hero : George Washington1974 Words à |à 8 Pagesthe Continental Army. After the success, he retired back to his farm quietly. In 1789, he was elected the President of the United States by receiving the totality of electoral votes in the first election after the founding of the United States (Crackel 1). Then, he was elected to a second presidency in 1792. However, he firmly refused to re-elected for a third time, thus established a convention of the American presidents is generally not elected more than two times. 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As commander of the Virginia Continental forces in 1781, Lafayette helped keep British Lieutenant General Cornwallisââ¬â¢s army pinned at Yorktown, Virginia w hile divisions led by Washington and Franceââ¬â¢s Comte de Rochambeau surrounded the British
Sunday, December 8, 2019
Analysis of the Australian Budget of 2014-15
Question: Analysis of the Australian Budget of 2014-15. Answer: Introduction: The Australian budget of 2014 is the federal government budget to finance government services and functioning for the financial year 2014-15. This was the first budget that was delivered by the federal government lead by the Prime Minister Tony Abbot after the 2013 victory in the Australian federal election. The budget was presented by the treasurer Joe Hockey to the House of Representatives on 13th May 2014 (Wikipedia, 2014). The budget handed down by the treasurer was considered by Australians to be a tough budget featuring tax increases, welfare cuts and also deductions in the health and education expenditures (Pitrowski, 2014). The treasurer had put aside the accusations of broken promises and rather claimed that the 2014-15s federal budget is a part of the Government Action Strategy Plan which focuses to plug in the flaws and shortfalls of the budget and aim to build a strong and growing economy (Australian Government website, 2014). In overview by the end of the year there had been a budget deficit of $29.8 billion in 2014-15 with the unemployment rate at 6.25% and the overall economic growth of 2.5% in the financial year of 2014-15. On the other hand comparing with the budget overview of the previous year of 2013-14 we see the budget deficit was lower of $18 billion, the unemployment rate of 5.75% which was comparatively lower and the overall economic growth rate had been 2.75% slightly higher than 2014-15(Business Day, 2014). The 2014-15 federal budgets had various features and decisions of the government which benefitted some as well as made losses to some. We shall look into these features, their effects and implementations and identify the winners and losers after the implementation of the budget. Evaluation: We shall first look into the key initiatives of the 2014-15 budget. As previously mentioned this federal budget was more as a part of the Governments Economic Action Strategy focusing on the resolution of the flaws and shortfalls of the budget and aiming to build up a strong and productive economy. There were a series of savings decisions in the budget which actually helped in bringing back Australia to a sustainable and responsible budget position. There were significant changes done to the budget with a government bureaucracy downsizing, new implementations for medical research, welfare changes and funding on roads. Until 2023, a budget surplus was not expected. By 2023-24 debt is projected to be approximately $300 billion lesser which is far low compared to the debt of $667 billion at the Mid-Year Economic and Fiscal Outlook of 2013-14(Australian Government website). The National Commission of Audit was commissioned in the month of October of 2013 for recommending various measures for the reduction in government spending. There were 86 recommendations made by the commission. These recommendations included that the increases in the age pensions will be slower, retirement age would increase to 70 by the year 2035 and from 2027 in new means testing there would occur the inclusion of the family home. All these recommendations by the commission were adopted in the federal budget. We look at the table given below: Table 1, showing the Federal governments government sector expenses as a proportion of GDP expressed in percentage from 2000-01 to 2017-18. We also get Fig 1, a graph from the tabulated data, where we see that there had been a dip in the percentage of GDP of the expenses in 2006-07 at 23.93% which increased to 24.08% in 2007-08 and since then over the last 7 years there has been a rise in expenditure as a percent of GDP and reached 26.2% in 2013-14 and the percentage of expenditure fell to 25.42% in 2014-15. The expected expenses are further expected to go down to 25.3% in the year 2017-18. TABLE 1: Expenditure as a proportion of GDP in percentage Year Proportion of GDP (%) 2000-01 25.48 2001-02 25.57 2002-03 25.13 2003-04 25.06 2004-05 24.89 2005-06 24.34 2006-07 23.93 2007-08 24.8 2008-09 25.92 2009-10 26.29 2010-11 25.5 2011-12 25.7 2012-13 25.3 2013-14 26.23 2014-15 25.42 2015-16 25.22 2016-17 25.3 2017-18 25.25 Source: Australian government (budget.gov.au) Fig 1: Expenditure as a proportion of GDP (in %) If we first focus on the revenue side of the budget, taxation is the key element. A 2% deficit levy on over $180,000 personal income was introduced, which was supposed to raise revenue of $2.5 billion a year over its duration. Temporary Budget Repair Levy was the legislation to impose the levy commenced on the 1st July 2014 and would apply for 3 years. It also was announced the decrease in the corporate tax rate to 1.5% from the 1st July 2015 to the rate 28.5%. On the other hand, the Family Tax Benefit Part B was recommended to be abolished indicating that means would be tested to a new $100,000 threshold amount. Federal fuel excise was also introduced and the adjustment made twice a year would raise $3.7 billion in its 4 years. Hence the change being in effect from 10 November 2014 increased the base rate from 38.14 per liter to 38.6. (BusinessDay, 2014) The expenditure section of the budget included several components with both increases and cuts. If we consider education, the budget introduced university fees to be completely deregulated. There was also the common wealth funding that was extended to the students at TAFEs, sub-bachelor degrees and colleges at an amount of $820 million over a period of 3 years. There was also introduction of indexation of school funding to inflation from 2018 with the school funding of labors Gonski being dumped from 2017-2018 which would bring savings of about $30 billion. On the other hand at a cost of $243.5 million over a period of 5 years continued for the school chaplaincy program. Higher university costs were expected to be faced by students with the announcement of the government that university fees will be uncapped from 2016(Australian government department of education and training, 2014). There was also the announcement that the government would charge an interest rate on FEE-HELP loans w hich reflected the government borrowings cost. Turning towards health expenditures Australians were to pay for blood tests, X-rays and GP visits a minimum amount of $7 whereas, for prescription drugs usual patients were to pay $5 more and 80 more for concessional patients. There were about billions cut down from hospitals and these freely charged for emergency department. On the other hand for Medical Research the budget outlined a Medical Research Future Fund of about $20billion this would come from the savings in the health care revenue. But even after this enormous increase in medical research funding, funds for research organizations will go down by $146.8 billion over a period of 4 years. Turning towards public service the budget mentioned that the government would dump the jobs commonwealth public servants of about 16500 along with the scrapping of various federal agencies on indicating the remaining agencies of future possible closures. It also announced that the efficiency d ividend will be increased by 0.25 per cent. That also brings us to the issue of unemployment. The eligibility age for Newstart is raised by the government from 22-25 for the young people who are searching for work which would make people under 30 wait for 6 months to be eligible for Newstart and devoid young people of the extra $96 earned per fortnight on turning 22 and shifting from the less paid Youth Allowance to Newstart. However, employers are at advantage as they would be paid $10,000 for 6 months for hiring people over 50 seeking for jobs whereas they would be paid $6000 for 12 months and $8000 for 18 months and $10000 for two years (ABC, Budget 2014). Considering infrastructure the government had outlined $11.6 billion in the new projects funding, a part of which is in the form of an asset recycling scheme where the government contributed till 15% of the value of State assets which are invested in new infrastructure projects. On the other hand for the mining sector the government provided $100 million over 4 years for the exploration of minerals which gave small explorers a way in to refundable tax offset for their Australian shareholders. As per the private sector, the there has been a 1.5% cut in the corporate tax rate also with the big businesses facing a 1.5% levy to pay for its parental leave scheme. There is also the announcement in the budget regarding the start of the Entrepreneurs Infrastructure Program which accounts for a $484.2 million cost over a period of 5 years. This program is with the objective to support good and innovative ideas and commercialize those providing advices and information regarding the market and the industry. The government however is eliminating similar programs and assistance bodies saving $845.6 million (BusinessDay, 2014). The other key element of the budget is regarding foreign aid. Over 5 years, the government is cutting back $7.6 billion from the foreign aid budget hence keeping funding of foreign assistance at present levels. The saving from this is equivalent to approximately one third of all the expense cuts over the forward estimates. On the other hand, for defense, the budget announced a $1.5 billion in defense expenses from 2017-18 to earlier years with defense costs efficiencies reinvested into defense. Finally we consider the environment where the government has cut down renewable investment as the Australian Renewable Energy Agency got abolished which saves $1.3 billion. The $2.55 billion that was aimed to fund the Emissions Reduction Fund was announced to be spread over a period of 10 years unlike the four years as said before. The budget also said about the funding of $525 million for the initiative Green Army but this gets offset by a loss of $438 million to the community groups of Landc are which does a similar job as that of Green Army. Below we have the tabulation in Table 2 of expenses by function of the financial year 2014-15 along with Fig 2 based on this table showing the percentage of the total Australian government government sector expenses by function of 2014-15. We see that about out of the total expenses one third are spent on social security and welfare programs whereas on the health function programs one sixth is devoted. Significant investments are also done towards education and defense functions.(ABC, Budget 2014) TABLE 2: Expenses by functions in 2014-15 Function Expense(%) Social security and welfare 35 Other purposes 20 Health 16 Education 7 General public services 6 Defence 6 All other functions 10 Fig 2: Expenses by function in 2014-15 Having looked into the key features both of the 2014-15 budget we now analyse who turn out to be the winners and the losers from these changes. We list down the winners and the losers as follows based on the budget: Winners: Medical Research stood out as a key winner with the $20 billion funding aiming for further research developments. The infrastructure sector won in this budget outline with new projects receiving funding of $11.6 billion funding. This is also in asset recycling scheme form with the federal government contributing for state assets that are being invested in new infrastructural projects. This led to further infrastructural development. Defense sector also gets a boost with increase in spending of about 1.5 billion with efficiencies derived reinvested back into the sector that is generally not done for other Commonwealth departments Mining sector also won receiving $100 million for minerals exploration over four years which also gives small explorers a tax offset (refundable) for their Australian shareholders. Neutral: High income earners are imposed a debt levy of 2% with incomes greater that $180,000 but for three years. These high income earners also get affected by the changes in fuel levy surcharge with the petrol prices moving with the inflation indexed in every 6 months. But on the other side the government also has opposed the propsals to close down on the essential tax minimization schemes like negative gearing and superannuation concessions that allow the high income earners to make up for large portion of their income. The effect on the private sector is also comparatively neutral with 1.5% cut in the corporate tax along with big businesses getting a levy of 1.5% though not clearly mentioned in the budget. The automotive sector will also incur losses as the government has cut off or cancelled programs responding to the announcements made by Toyota and Holden which said that they would cease the Australian car manufacturing in joining Ford. There is also the spending of $484.2 million over a period of five years on the Entrepreneurs Infrastructure Program which would generate much more innovative ideas. But to support such a program their had also been elimination of 8 such industry assistance bodies or programs which saved the government $845.6 million. Losers: Families do incur losses from the 2014 budget with reduction in the family tax benefit cutoff from $100,000 to $150,000. There also occurred a real terms loss of income as all family benefits would be put on hold till 2016 or 2017 because it will no more take into consideration increases in inflation. They will also face the petrol excise increase indexed to inflation in every six months. As well a GP co-payment of $7 for visits to the GP for the first 10 per year will also affect them along with charges for visits to emergency rooms that hospital will take for patients who only need a visit to a GP. Medicines on the pharmaceuticals benefits scheme will also be more expensive. Along with this senior citizens also turn out to be the losers with pensioners being affected by the GP co-payment of $7, losing seniors supplement for the Commonwealth seniors health card owners, hit by fuel excise indexing, facing more difficulties in applying for the Seniors Health Card, along with 1.3billio n cut in spending from Commonwealth support to different state and territory based seniors and lastly the pension age will increase to 70 affecting Australians only born after 1966.(Daley, 2014) The young people and university students are also at loss as the government rises the eligibility age of Newstart from 22 to 25 which would abduct them from the increase of $414 per fortnight to $510. Although the government extended its help to diplomas and other postgraduate studies via the FEE-HELP scheme but charged with an interest on the FEE-HELP loans and lowering of the minimum threshold income by 10% to repay loans. They also face higher costs of the universities as the Government uncapped the university. The government scraps out the Gonski school funding plan and hence, in overall with dumping of funding, interest rates on schemes and high university costs, etc also has a grave impact on Education (Daley, 2014). Hospital funding agreements will also be wound back from 2017 along with other health cuts affects the Health sector. Fall of $7.6 billion from the foreign aid budget with allotment of foreign aid with increase along with inflation also makes it fall under the losers. The budget also affected the public services and service providers with the government taking down jobs of 16500 Commonwealth public servants, scraping down various federal agencies but also increased the efficiency dividend by 0.25%. Indigenous programs are at losses with a cut down of $534 million along with a cut of $9.5 million indigenous language support funding. Lastly the environment suffers too investments in renewable being slashed down, funding of the Emissions Reduction fund being spread over a larger number of years , i.e., 10 years, Carbon structure and storage program losing out $460 million but $525 million funded for Green Army (BusinessDay, 2014). Hence we saw the varying winners and losers from the budget 2014-15. The overall reception of this budget has been regressive with voters taken aback considering the measures to be miserable for the economy whereas over 60% also conveyed to a survey that the budget 2014 was unfair. The budget had been considered to have broken many election promises hurting consumers, businesses, senior citizens and also students. Based on the budget the economic forecasts by economists had turned out to be true with rise in unemployment to 6.2%, rise in the consumer price index, growth of wages to 3% and the real GDP remaining weak with growth rate of around 2.5%. As per economist Richard Holen who is an economics professor at the University of New South Wales Australian School of business the deficit levy is considered to be a terrible blow which would add to the income tax that is considered to be the most inefficient form of tax. On the other hand Sinclair Davidson from RMIT University , an insti tutional economics professor found the budget to be impressive with a lot to like about it mentioning about the reductions in spending that would return the budget to the surplus. He also goes ahead considering the university changes to be significant leading to greater competition and the 2014 budget fiscal balance compared to the MYEFO fiscal balance it is seen that the progress was majorly driven by the disparity in parameter with varying assumptions to circumstances (Davidson, Phillips, Ralston, 2014). State premiers on the other hand had been angry about the federal cut of an amount $80 billion to hospital funding and schools whereas NGOs critically hitting on the decisions of the cut backs on aid where the government went against its promise of increase in aid rather overturning major investments that could fight against poverty and inequality (Seager, 2014). Conclusion: Thus, the Abott governments 2014 Federal budget had been very regressive or can be said tough for voters equally sparking angry reactions from the Opposition and the lobby groups. The budget also evolved protests against it on 18th May of 2014, when thousands of people protested against the budget as they marched in the capital cities. There were especially strongest criticisms of the budget to be an example of broken promises of the government and also criticized of placing higher burdens on the low income earners in comparison to the wealthy, making it difficult for senior citizens, standing as a hurdle to alleviation of poverty and inequality with cut in foreign aid whereas boosting the defense, mining and medical research functions. Overall the budget was regressively taken by various sections of the society as it delivered greater number of losers than winners. References: Australian Government, Budget 2014-15, viewed 2 June 2016, Piotrowski, D 2014, Federal Budget, viewed 2 June 2016, Daley, J 2014, Budget pressures on Australian government 2014, viewed 2 June 2016, Wikepedia, 2014, 2014 Australian federal budget, viewed 2 June 2016, BusinessDay, 2014, Federal budget 2014: at a glance, viewed 2 June 2016, BusinessDay, 2014, Federal budget 2014: overview, viewed 2 June 2016, Seager, C 2014, NGOs react to the Australian budget, viewed 2 June 2016, Davidson, S, Phillips, B Ralston, D 2014, Federal budget 2014: economists react, viewed 2 June 2016.
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