Radio One Case Essay

This case includes whether Radio One should buy the 21 radio broadcasts from Clear Channel, Davis and IBL LLC and the effect of the securing to the speculators and available. Looking at the stations it fits with Radio One’s Corporate Strategy and they can offer first on a gathering of stations that would twofold Radio One’s size. Likewise this buy would make national inclusion for Radio One. First we should take a gander at the Return on Asset of Radio One. With a Risk Free pace of 6.3% given from Exhibit 10; I am utilizing 30 years since that is the most elevated and generally coherent for this specific industry. I determined the Risk premium from the normal of both the AAA and AA Corporate securities on Exhibit 10; the outcome was 7.2%. At long last the Asset Beta given in Exhibit 8 of .82 .Thus the Return on the Asset is generally 12.2% Ascertaining the NPV of the stations helps Radio One check whether taking on this obtaining merits the worth. Utilizing Exhibit 9 for the task guaging and proceeding for the said 30 years you get 1,178,171 with the NPV set at 12.2% and every year developing at 6%. The thinking for 6% is on the grounds that from improving between 4-8%; 6% was in the center. What is the market estimation of Radio One? To discover this I took the cost per share $97 and duplicated it by the quantity of offers 16,137,000 getting a market estimation of $1.5 billion. Presently to examine the WACC of Radio One. Rd = Interest followed through on of $15.3m over Market Cost = $82.6 million = 18.53% Re = CAPM = 6.28 + Beta of .82*7.7 (Using the BBB Corp Bond Rate) =12.44. I recommend that Radio One should offer the said cost of 1.3 billion for the 21 stations. They should utilize the installment of the obligation of $82 million with the utilization of current speculations ready to move, at that point utilize the rest of the arrangement for. This would cover the money divide making the offer appealing as a result of the adjusting of the obligation before taking on the procurement. The rest of the assets will originate from the offers together to make the aggregate of 1.3 billion. Being the first to wager and with this alluring offer Radio One ought to have the most grounded position in the arrangement and come out withâ an securing that copies their size and giving them a serious situation in across the country inclusion.

Gangs in Prison

Posses in Prison The Aryan Brotherhood The Aryan Brotherhood starts in the CDC (California Department of Corrections) and BOP (Federal Bureau of Prisons). The Aryan Brotherhood was established in San Quentin, California during the 1960s. The originators were individuals from different groups from the 1950s called, â€Å"Bluebirds†, â€Å"Diamond Tooth Gang†, and the â€Å"Nazi Gang†. Barry Mills and Tyler Davis are currently the pioneers of the Aryan Brotherhood.Their fundamental convictions and crucial they have faith in the advancement and safeguarding of the white race, in nonconformity, that no outsider should manage over the white race, that all who are against or persecute the white race are sworn foes, in the privileges of the white race, morally justified to show white offspring of the Aryan societies and legacy, accept just in the help of the white race, and that it is essential to control the childhood of white youngsters, as they are the beneficiaries to what's to come. The Aryan Brotherhood is known to be most grounded in the southwest and pacific regions.They are most fragile in northeastern locales, where the African-American populace is progressively prevailing. It has been expressed that the Aryan Brotherhood is developing. Starting at now, there are roughly 500 individuals. The crimes that they are associated with are murder, grabbing, racketeering, and medication conveyance. At any rate one case of how hazardous it is in jail for these individuals is the ABT pioneer Kelly Ray Ellery and different individuals requested subordinates to murder a planned part and make it â€Å"messy as possible† to make an impression on group individuals to help out law enforcement.They additionally requested to restore the man’s cut off finger as a trophy. The Black Guerilla Family The Black Guerilla family began from San Quentin Prison in 1966. The organizers of this pack are George Jackson and W. L. Nolen. Their fundamental co nvictions and mission is to kill bigotry, keep up poise in jail and oust the United States Government. They are most grounded in San Quentin, CA and Baltimore, Maryland. They are most vulnerable in the southwestern and Pacific locales. Their positions are developing, they have 50,000 individuals today. The crimes they are engaged with while in jail are tranquilize dealing, coercion, and vicious crimes.One case of how risky it tends to be in jail is the incomparable administrator, â€Å"Doc† Holiday, demonstrated he despite everything had the stuff to be operating at a profit Guerilla Family by cutting an irregular individual detainee to death. The Folk Nation The Folk Nation started from the Illinois Department of Corrections. I might likewise want to take note of that The Folk Nation isn't a group they are coalitions which packs are adjusted. Larry Hoover, the administrator of the Gangster Disciples Nation, made the possibility of partnership and convinced dark, white, and L atino packs from Chicago to join. He did the entirety of this in November 11, 1978.Under their essential convictions and missions, they keep up a severe code of solidarity, with individuals promising to hold â€Å"Folk before family† and guaranteeing they will â€Å"not let my sibling tumble to a knee†. They are most grounded in the Midwest and southwest; there is no record of where they might be the most vulnerable, on the grounds that they are everywhere throughout the United States. They are consistently enlisting individuals in the roads and in jails, in this way expressing they are exceptionally prevailing and just getting more grounded. The crimes they are ordinarily associated with are racketeering, murder, theft, ambush, and illicit utilization of firearms.The Mexican Mafia The Mexican Mafia began in 1957 at Deuel Vocational Institution in Tracy, California. Luis â€Å"Huero Buff† Flores from the Hawaiian Gardens posse was the originator of The Mexican M afia. Their fundamental convictions were to control the jail framework. They are most grounded in northern and southern California, yet they are in a decrease at this moment. The most clear of crimes of The Mexican Mafia are blackmail (RICO), opiates appropriation, and murder. A case of the peril in the jail framework from the Mexican Mafia is in the 1960’s, the Mexican Mafia directed hits in San Quentin and DVI.Doroteo â€Å"Sleepy† Betancourt and Frank â€Å"moose† Bazure killed a prison guard; just to demonstrate their reality. MS13 The MS13 posse began in Los Angeles in the 1960’s and the 1980’s. They didn’t really have only one originator; it was a gathering of youthful Salvadorans that severed from other Hispanic groups. Their essential convictions are self-insurance and security of their families. They are most grounded in Alaska, Arkansas, Florida, Georgia, Illinois, Maryland, Michigan, Nevada, New Jersey, North Carolina, Oklahoma, O regon, Rhode Island, Texas, and Utah; they are likewise solid in Canada, Guatemala, Honduras, Mexico, and El Salvador.They are most vulnerable in the East coast. They are neither developing or in decrease, since they do not exist anymore; they are referred to now as the Surenos. Their crimes comprises of medication pirating, firearm running, individuals sneaking, hits for recruit, burglary, sedate deals, and pyromania. A guide to represent how hazardous they are is in an ongoing Texas episode, an individual from MS13(Surenos) partook in an assault of a 24-year-elderly person and afterward he kicked her in the neck so hard that he broke it and slaughtered her instantly.In decision, I saw that they all had similitudes in crime. The entirety of their convictions were totally different with the exception of a certain something, they all centered more around their own races of individuals. I additionally saw that everything except the Mexican Mafia are developing in populace. I likewise understood that the most grounded and most perilous group on the planet is MS13 otherwise known as Surenos. In spite of the fact that the other jail packs are developing in danger level and populace; MS13 otherwise known as Surenos is the biggest sorted out wrongdoing element in the, all in all, these jail posses really share significantly more for all intents and purpose than what they might suspect they do. The main thing that is truly isolating them is their racial convictions. References: History of the Mexican Mafia jail posse; July 25th, 2007; Valdemar, Richard; www. policemag. com Ten individuals from Bronx medicate dealing team charged; Jan. ninth, 2013; U. S. Attorney’s office; www. fbi. gov The Aryan Brotherhood; Montaldo, Charles; Jan. 2013; www. wrongdoing. about. com Ebook: Corrections Today; Chapter 8 The Prison Experience(males)

Writing Response Papers

Writing Response PapersWhen it comes to writing response papers, people don't know how to set the right atmosphere. Some people will try to write papers like professional writers. But for some people, this is easier said than done. In order to be successful in writing response papers, you need to set the right mood and style in the same way that you would when writing your thesis.First of all, when writing response papers, you should determine what kind of paper you want to write. You can ask your professor if you have anything you want to write a response paper on. You can also ask other professors about their opinions. You should look for things that you feel comfortable with, yet do not necessarily take out something that is too important from your paper. Remember, your paper should be different from the rest.The first and most important part of writing response papers is to formulate the purpose of the paper. Who are you trying to prove? Who are you trying to convince? These are the kinds of questions you need to ask yourself so that you know what kind of papers you will be working on.Your second step is to draft the title of your paper. Once you know who you are trying to prove, you will be able to write your title for your paper. If you are trying to prove that you are right, you can use the title 'Why I am Right' and if you are trying to prove that you are wrong, you can use the title 'Why I am Wrong.' Always remember that these titles are a reflection of your personal beliefs.Your third step is to draft your introduction for your paper. In this section, you need to explain how you came to your conclusions in your paper. This will help people understand where you are coming from. If you feel that your question is not very important, you can focus on the fact that you want to prove something to them.Your fourth step is to start the actual research for your paper. There are many types of research, but they all fall under one basic area. If you want to pres ent information from a third party, you should use the term 'Article'Review.' You can also use the term 'Research.' You will also be able to tell the difference between these terms by referring to the instruction booklet that came with your course.Your fifth step is to write a summary of your argument for your paper. It should be short and very clear. You should not make your paper too long because you will be wasting time. You should also make sure that you discuss each point in your paper in the summary.Your last step is to revise your paper if needed. Always be prepared to make corrections in your paper. Sometimes, there will be mistakes on your paper, so make sure you find them before you submit it for publication.

In 1960, Frederick Wrote That Social Responsibility In

In 1960, Frederick wrote that Social responsibility in the final analysis implies a public posture toward society’s economic and human resources and a willingness to see that those resources are used for broad social ends and not simply for the narrowly circumscribed interests of private persons and firms (Frederick, 1987). Walton emphasized that the essential ingredient of the corporation’s social responsibilities include a degree of voluntarism, as opposed to coercion, an argument that business continues to put forth today. Walton also counseled the acceptance that costs are involved for which it may not be possible to gauge any direct measurable economic returns (Walton, 1967). The modern debate on CSR starts in the USA in 1970, when†¦show more content†¦The 1980s have been described as having a more responsible approach to corporate strategy (Lucas, et al., 2001). Prominent work was R. Edward Freeman’s, on the emerging Stakeholder Theory (Lucas et al., 2001; Post 2003; Windsor 2001). Freeman said that meeting shareholders needs is the only one element in a value-adding process and he also identified a range of stakeholders (including shareholders) who were relevant to the firm’s operations (Lucas et al., 2001). Freeman’s 1984 paper continues to be identified as a ‘seminal paper on stakeholder theory’, which expressed stakeholder theory as the ‘dominant paradigm’ in CSR (Mc Williams and Siegel, 2001). The decade of 1980s, according to Carroll, is identified as a period in which the issue that whether socially responsible firms could also be profitable firms was widely debated by scholars. If it could be demonstrated that they were, this would be an added argument in support of the CSR movement (Carroll, 1999). Aupperle, Carroll, and Hatfield‘s 1985 study of the relationship between CSR and profitability ordered the priorities of four components of CSR previously identified by Carroll, as economic, legal, ethical, and discretionary (Carroll, 1999). The definition of CSR has not been much expanded by the literature of 1990s, however, it has used the CSR concept as the building block, base point, or point-of –departure for other related themes andShow MoreRelatedMotivation in Modern ICT Industry Essay1570 Words   |  7 Pagesfor independence and a desire to learn new skills and challenges. What could be built on top of the characteristics discussed in this review are hygiene factors which will be discussed later on, when dealing with the Two Factor Theory proposed by Frederick Hertzberg. Studies show that these characteristics are primarily affected by personal traits that make up an individual. Other controllers that usually play a role in this matter are Career paths and competencies on the job. The previously mentionedRead MoreMcgregors Xy Theory1989 Words   |  8 PagesKarl Nagra Karl Nagra Lecturers Name: Graham Orr Management eBusiness Due Date: 27 April 2012 McGregor’s XY Theory In 1960, American social psychiatrist, Douglas McGregor wrote a book titled ‘The Human Side Of Enterprise’. It was in this book that McGregor ï ¬ rst proposed his famous XY theory. McGregor’s XY Theory is a type of motivational management. McGregor’s theory is incredibly simple yet effective. Most of the fundamental elements of the XY Theory rely solely on how the manager views theirRead MoreThe History of Management Essay1267 Words   |  6 Pagesbusiness is the coordination of people to accomplish set goals efficiently and effectively. It comprises of planning, organising, staffing, leading, and controlling an organisation. Management itself is also an academic discipline, a social science whose object of study is social organisation in order to accomplish a mutual goal. Since the dawning of civilisation, the value of the collaboration of people has been identified as a powerful method of advancement in all areas. The need, therefore, to organiseRead MoreScientific Management2111 Words   |  9 Pagesmain objective was improving economic efficiency, especially labor productivity. Its development began with Frederick Winslow Taylor in the 1880s and 1890s within the manufacturing industries. Other contributors for this approach include Henry Gantt and Frank and Lillian Gilbreth. ïÆ'Ëœ PRINCIPLES OF SCIENTIFIC MANAGEMENT The Principles of Scientific Management is a monograph published by Frederick Winslow Taylor in 1911. It is a seminal text of modern organization and decision theory and has motivatedRead MoreEvolution of the Management School of Thought4518 Words   |  19 PagesHowever, it was not until the 1900’s that the first major step toward developing such a theory occurred. People who contributed to development of different management theories * Adam Smith(1723-90) He was known as father of political economy. He wrote a book entitled â€Å"wealth of nations† which stressed on division of labour in increasing productivity. * Robert Owen(1771-1858) He was an English industrialist and utopian socialist who improved the working condition of workers by reducing the lengthRead MorePioneers in Management4526 Words   |  19 PagesPIONEERS IN MANAGEMENT: 1. Frederick W. Taylor -Father of Scientific Management 2. Elton Mayo - Father of Human Relations 3. Steven Covey - Principle-Centered Leadership 4. Henri Fayol - Father of the 14 Principle of Mgt. 5. Peter Drucker - Father of Management and formulated the Concept of Mgt. by Objectives (MBO) 6. Fritz J. RoethlisbergerRead MoreEvolution of Production and Operations Management2318 Words   |  10 Pagesmanagement (OM) is defined as the design, operation, and improvement of the systems that create and deliver the firms primary products and services. Like marketing and finance, OM is a functional field of business with clear line management responsibilities. (Chase, Jacobs, Aquilano, 2006:9) Operations management is the management of processes or systems that create goods and/or provide services. It encompasses forecasting, capacity planning, scheduling, managing inventories, assuring qualityRead MoreAre scientific management and human relations approaches still applicable to organisations of the 21st century?5670 Words   |  23 Pagesmanagement is based on the work of the US engineer Frederick Winslow Taylor (1856-1915) who in his 1911 book The Principles of scientific management laid down the fundamental principles of large-scale manufacturing through assembly-line factories. It emphasizes rationalization and standardization of work through divison of labor, time and motion studies, work measurement, and piece-rate wages. I.9 Father of scientific management Frederick Winslow Taylor (20 March 1856 – 21 March 1915), wasRead More The Effects of Motivation on Performance Essay5138 Words   |  21 PagesRobertson have started put life as property mangers in 1887. Managing properties on behalf of owners. Southwark Council also contracted out housing management for a trial period in the 90’s in which Andrew and Robertson’s partly participated. In the 1960’s Andrew and Robertson expanded into auctioneering. The object of this section of the business aims to sell houses at auctions 4 times a year. However 1980 prior they only had two actions a year. The business aims to make a profit for the four senorRead MoreMartin Luther and the Reformation2927 Words   |  12 Pagesthe Archbishop to borrow money from the bank in order to hire papal dispensation. To repay the debt, Pope Leo X then allowed Albert to sell indulgences. Wittenberg was in the political jurisdiction of Frederick of Saxony, one of the seven electors of the Holy Roman Empire. (Boehmer, 128) Frederick forbade the sale of indulgences within his territory, so the people of Wittenberg, including some of Luthers students, would cross the border from Saxony into Jutenborg in Thuringia to buy these indulgences

Virtue Ethics And Care Ethics - 1938 Words

As various ethical theories continue to be debated, it can be difficult to determine which model provides the best criteria. However, two theories in particular—virtue ethics and care ethics, have continued to catch much attention since the mid-twentieth century. Although each of these theories are often associated with one another, they both contain their own distinct philosophies. As a result, it is important to clearly understand what each theory entails before concluding that one is derived from the other. Although virtue ethics and care ethics share similar beliefs and rejections, virtue ethics is clearly separate from care ethics. Virtue ethics, tracing its roots back to the Middle Ages, stresses the importance of an individual being virtuous, which comes from developing a virtuous personal character. It also allows for the possibility of many right choices, since virtuous people can make choices differently. Aristotle was the only person to come up with a â€Å"c lear-cut† virtue theory. He believed that people should be virtuous in order to achieve happiness, or eudaimonia. Additionally, Aristotle found that in order to become virtuous, a person must know the right thing, intend the right thing, and have their actions stem from their established character. He also came up with term â€Å"golden mean†, which seeks to achieve a balance in one’s virtues. For instance, Aristotle felt that one should find a balance of anger. When seeking a balance of anger, it isShow MoreRelatedThe Ethics Of Care, And Virtue Ethics955 Words   |  4 Pagesperfect moral philosophy, which is why I will be taking bits and parts from the five different one to make one which fits my life style and morals. The five I will be dissecting are, Utilitarianism, Social Contract Theory, Kant, The Ethics of Care, and Virtue Ethics. Utilitarianism is a theory which I can agree with, mostly. I would like to do what makes the majority of people happy, however, it might not always be the correct decision. An example would be people at a workplace each decide toRead MoreVirtue Ethics and Ethics of Care Essay2348 Words   |  10 PagesFried Pataters Mr. Hahn Phil 2310 10 May 2010 Virtue Ethics and Ethics of Care Aristotle and Rita Manning both have different theories when it comes to ethics. Aristotle uses virtue ethics to answer questions about morality whereas Manning uses what is called ethics of caring to do the same thing. Virtue ethics claims people’s actions aim towards the highest good of happiness. From happiness, moral virtue stems from reasons governing the desires of the soul. Manning on the other hand believesRead MoreUtilitarianism, Virtue And Care Ethics930 Words   |  4 PagesThe three ethical theories I will discuss from Chapter 1 include: utilitarianism, virtue and care ethics. First, the utilitarianism is moral standard and a theory of action by humans that are morally right in action. Utilitarianism is an action that is morally right if its consequences are more favorable. One way for businesses’, as our reading suggests (Fieser Moseley, 2012), is make a list of all the good and bad for any particular act. If the good outweighs the bad then that act ion shouldRead MoreConsequentialism, Non- Consequentialism, Virtue Ethics and Care Ethics1742 Words   |  7 PagesIntroduction This essay will provide a theoretical understanding of the four ethical frameworks: Consequentialism, Non- Consequentialism, Virtue Ethics and Care Ethics. When applied to a situation these frameworks help teachers to resolve and justify their decision making. The objective is to apply the four frameworks to the scenario Helping Molly, to establish the most ethical course of action. Finally, a recommended course of action will be justification. The overarching ethical issue presentRead MoreEthics Of Caring And Virtue910 Words   |  4 PagesEthics of Caring and Virtue Ethics of virtue is the belief that if a person wants to be considered good, they do good things (Pollock, 1988). In ethics of virtue, happiness is always the outcome of a situation. The main premise of virtue theory lies upon three main principles; virtues, practical wisdom and eudemonia. A virtue is a mean state which lays between two vices. A virtue is a characteristic a virtuous person possesses, for example courage. Courage is a virtue which lays between cowardiceRead MoreEthical Systems : Ethics And Ethics Essay1219 Words   |  5 Pages Ethical System Reflection The Ethics in Justice course has outlined various ethical systems. This was done using the course textbook: Ethical Dilemmas and Decisions in Criminal Justice HUM 3350 Custom Edition by Lethbridge College, and peer presentations on each of the ethical systems outlined in the text. Ethical systems provide a foundation, in a variety of areas, for individuals in determining, morals, and actions within their lives (Pollock, 2015). Individuals may fit various characteristicsRead MoreThe Moral Life Written By Louis P. Pojman And Lewis Vaughn983 Words   |  4 Pagesthis purpose, we have ethics that we use in our everyday lives. According to the book The Moral Life written by Louis P. Pojman and Lewis Vaughn, ethics is defined as the study of morality using the methods of philosophy, and morality concerns beliefs about right and wrong actions and good and bad persons or characters (pg.1, 2014). There will be times when our personal ethics and believes will be challenged by others who have different views and believes than ourselves. Ethics is used when a problemRead MoreAristotle : Aristotle And The Moral Values Of Aristotle1725 Words   |  7 Pages chemistry, ethics, metaphysics, history, logic, philosophy of science, rhetoric, philosophy of the mind, poetics, psychology, physics, zoology and political theory. Aristotle’s understanding of moral virtues is that it stands between the great divide of a set of characteristics being a state of excessiveness and a state of lacking there of a virtue; if not all virtues. For example, if a person displays courage, then that deems it a moral virtue according to humanities code of ethics. But when courageRead MoreEthical Theories Of Normative Ethics1259 Words   |  6 PagesOver the last couple of weeks in Philosophy 103, we learned five theories concerning normative ethics: utilitarianism, duty ethics, virtue ethics, care ethics, and natural law ethics. While learning about those theories, I often thought about how the arguments for some theories included interesting ideas that I personally agreed with, but the methods of reasoning were somewhat lacking. Contrastingly, I encountered theories with arguments that were not thought-provoking ideas at first, but I becameRead MoreHU4640 Project Part11650 Words   |  7 PagesIntroduction to Ethical Theories ITT Technical Institute, Hanover MD Mathew Leetch HU4640 Ethics July 22, 2015 An Introduction to Ethical Theories Abstract This paper is going to discuss Ethics and Ethical Theories. It will include an introduction to ethical theories, virtue ethics, and care ethics. There will be sections discussing absolutism versus relativism, consequentialism versus deontological ethics, and lastly, free will versus determinism. It will also include a discussion about the study

Analysis Of Platos Allegory Of The Cave - 1532 Words

In the allegory written by Plato titled â€Å"Allegory of the Cave†, Plato discusses the concept of seeking knowledge and gaining wisdom. He uses a story of prisoners trapped into a cave to represent the confines of reality that humans are put into, and a lone prisoner exiting the cave to represent a philosopher seeking a greater understanding. Plato’s writing tells of the flaw that all humans share, which is the fact that we believe our perceptions to be the absolute, incontestable truth. It is this flaw that can easily affect our spiritual, educational, and political knowledge, hindering us from having a full grasp on actual reality beyond what we visually see. His rhetorical devices, tone, symbolism, and imagery all lend themselves to giving†¦show more content†¦To be able to see the full picture with clarity, we need to take a few steps back and see things from a different perspective. The second stage of the Allegory of the Cave consists of the process leading up to enlightenment. Plato represents the difficulties of leaving a comfortable reality where you are content with your own ideas by comparing it to the harshness of a flickering flame. The bright light of the fire that you are newly being exposed to after being held in the dark for so long can be painful, and hard to cope with or understand. The journey from ignorance to a better understanding can be confusing. As humans, we naturally don’t want to be forced to question our own ideas and the things we know to be true, but it is this uncomfortable, driving force that can lead us out of our own contentment and onto the path of better understanding. Plato so eloquently describes this challenging journey by comparing it to that of a prisoner being forced to visually take in all of this new information that he had not previously been exposed to. It takes a great deal of strength to be able to challenge th e world around you and develop your own ideas, rather than taking everything around you in on a surface value. Stage Three of Plato’s allegory pushes us further along the path of enlightenment, where new wisdom is being thrust upon us as we are opened up to yet another set of truths that we have never experienced. The prisoner is being pulled from the caveShow MoreRelatedAnalysis Of Platos Allegory Of The Cave864 Words   |  4 PagesOn the surface of Plato’s â€Å"Allegory of the Cave† it is just a simple piece, but the main purpose of the piece is to explain people living in a world of face value and having individuals break free from the main idea to create a new sense of what the world is truly about. In here, Plato uses the writing style of allegory to encompass the use of imagery and symbolism to explain his purpose. He also uses very clever dialogue with constant repetition to represent a bigger idea about the philosophy withRead MorePlatos Allegory of the Cave - Analysis and Summary973 Words   |  4 PagesPlatos Allegory of the Cave - Analysis and Summary The Allegory of the Cave by Plato represents an extended metaphor that is to contrast the way in which we perceive and believe in what is reality. The thesis behind his allegory is the basic opinion that all we perceive are imperfect reflections of the ultimate Forms, which subsequently represent truth and reality. In his story, Plato establishes a cave in which prisoners are chained down and forced to look upon the front wall of the caveRead MorePlatos Allegory of the Cave - Analysis and Summary987 Words   |  4 PagesPlatos Allegory of the Cave - Analysis and Summary The Allegory of the Cave by Plato represents an extended metaphor that is to contrast the way in which we perceive and believe in what is reality. The thesis behind his allegory is the basic opinion that all we perceive are imperfect reflections of the ultimate Forms, which subsequently represent truth and reality. In his story, Plato establishes a cave in which prisoners are chained down and forced to look upon the front wall of the caveRead MoreAnalysis of Platos Allegory of the Cave948 Words   |  4 PagesPlatos Allegory of the Cave Platos Allegory of the Cave is also termed as the Analogy of the Cave, Platos Cave, or the Parable of the Cave. It was used by the Greek philosopher Plato in his work The Republic to illustrate our nature in its education and want of education. It comprises of a fictional dialogue between Platos teacher Socrates and Platos brother Glaucon. Socrates gives a description of a group of people who spent their lifetime facing a blank wall chained to the wall of a caveRead MoreRhetorical Analysis of Platos the Allegory of the Cave2111 Words   |  9 PagesEden Scharer Darrin Broadway English III-4 5th December, 2010 From Darkness to Sunlight: An Analysis of the Allegory of the Cave Imagine yourself sitting inside a dark, damp, cave where the only thing you can see are moving shadows on the cave wall in front of you. You can’t move anywhere or see anything besides the shadows, and these are the only things you’ve seen for your entire life, so these moving dark images are the most real things you’ve ever known. At some point in our childhood weRead More Analysis of Platos Allegory of the Cave Essay example995 Words   |  4 PagesAnalysis of Platos Allegory of the Cave Platos Allegory of the Cave presents a vision of humans as slaves chained in front of a fire observing the shadows of things on the cave wall in front of them. The shadows are the only reality the slaves know. Plato argues that there is a basic flaw in how we humans mistake our limited perceptions as reality, truth and goodness. The allegory reveals how that flaw affects our education, our spirituality and our politics. The flaw that PlatoRead MorePlatos The Republic: Analysis of the Chapter Entitled Allegory of the Cave588 Words   |  3 PagesThe Republic comes a chapter entitled â€Å"Allegory of the Cave†.(â€Å"Plato†) Plato’s Allegory of the Cave describes ignorance and the process of enlightenment. The cave symbolizes a prison for the mind. Cave dwellers only know of the one reality presented in the cave, yet it is not reality at all. The cave dwellers are ignorant, knowing only one way and not trying to broaden their minds. Plato uses chains and shackles to represent the mental bondage of the cave dwellers. In spite of the bondage, fewRead MoreAn Analysis of Plato’s Allegory of the Cave and the Importance of Light in Discovering Truth1139 Words   |  5 Pagestranscends the exclusivity of the contemplative and the active lives. He defines the ultimate truth as â€Å"aletheia†, which literally translates to mean â€Å"unhidden† or â€Å"that which does not remain unnoticed†. Through his use of the term and his allegory of the cave, Plato makes the strong implication that philosophers must actively seek to discover the absolute truth, rather than relying on t raditional methods of contemplation and the persuasive tone of rhetoric to prove its existence. To better explainRead More Dantes Inferno Essay888 Words   |  4 Pages Dantes use of allegory in the Inferno greatly varies from Platos quot;Allegory of the Cavequot; in purpose, symbolism, characters and mentors, and in attitude toward the world. An analysis of each of these elements in both allegories will provide an interesting comparison. Dante uses allegory to relate the sinners punishment to his sin, while Plato uses allegory to discuss ignorance and knowledge. Dantes Inferno describes the descent through Hell from the upper level of the opportunists toRead MoreSynthesis of Truman Show and Platos Allegory of the Cave1440 Words   |  6 PagesCritical Analysis of The Truman Show and Platos Allegory of the Cave When The Truman Show was released in 1998, it was just another popular Hollywood flick, but its story is closely related to Platos Allegory of the Cave. The plot line for the movie follows this classic tale in many ways, some more obvious then others. As with most cinematic treachery, the movies similarities are no coincidence. The writers drew from Platos classic because it is such a universal story and is something

Customer Experience Model Retail Brand and Positive

Question: Discuss about the Customer Experience Model for Social Environment, Retail Brand and Positive? Answer: The background of this case study is based on the Home Depot, China an US based home decorating company that was facing the problem in China. The issue of the company was related to the international business as well as change in the environment of the business that was not an uncommon matter in the industry. In this context, the company has faced the different culture due to different demographics in China (Pinterest, 2016). The company had a strong background in the USA before going to China. It had its presence in many countries as well as in the home country. In the meantime, the company had grown since 1978 as the home dcor and the home developer for the American citizens. The companys operation was been scheduled as presenting it towards the contracting business for the retail business. The service of the company was termed as the highly valuable for the customers. The home decorating division is known as Expo design center. The company is specialized in decorating the home as well as furnishing with suitable illuminating designs (Bhasin, 2016). Therefore, the companys trading division has contributed much to the business of furnishing the personal home and the online business of serving the customers in many domains. The company can provide the customers outdoor as well as indoor furniture. The furniture made of wood as well as organic fiber. The company has the business of film production materials as well as power tools for the retail segment. The company had faced the problems regarding the international expansion like China as the culture of the Chinese people was different. The main problem was to encompass the local people in the business who can understand the local issues and related sentiments of the customers (Burkitt, 2016). The assembling line of the furniture and other decorative products was necessary for the company as the Chinese people liked to pay for serving their needs and demands. Home Depot had tried to shake up its strategy by opening niche product and service based stores in China for getting more revenue from the Chinese people in this segments (Feng, 2014). Analysis The major problem faced by the company is to sustain its business in China where the culture of the people is different. It started its venture in the country by acquiring the local home improvement retailer The Home Way. It was the acquisition of the twelve stores spread over the six cities in the country. The recent move of shutting down majority of the stores in the country has made the companys presence in the limelight of the Chinese media. The companys policy of assembling the furniture by the customers was not appreciated by the Chinese people as they liked to pay to the people who worked for them. In this context, it was also found that the demand of the Chinese consumers regarding the products was different as well as the specialty of the goods for selling to the Chinese people (Breazeale Lueg, 2011). In this regard, the projection of the business did not look good for the company in China as their strategy of running the business did not work out since opening. The same pr oblem has been happened for other retailers as they could not find the feasible option for the cultural differences in China. Ikea had the support to its customers by providing labors for assembling the furniture. The condition of sustaining the business of retail products in the country has been demoralized with the low labor rate in the country. Thereby, the assembled or non-assembled furniture could not be feasible for the company as the culture of the country was different (R. Dhanya Dr. S. Ramachandran, 2011). The cost of the labor was too low in China. In this regard, the information from the case study showed that the labor charge in the country was too low, especially in the suburban and small city area. Further, the big cities like Beijing and Shenzhen had the access of high pool of labors in numbers who work at low cost. Therefore, the strategy of Ikea to provide the service from the labors was successful in China as the Chinese people like to hire them to work with their service of labors for assembling the furniture ("Retail Brand Building Through Promotional Communication: A Study That Focuses on Category Killers Promotional Flyers", 2011). Another problem was seen for the foreign companies in China to react quickly according to the needs of the market and the market. The climate of Chinese retail industry was much complex compare to other countries. In this context, we have seen that the Chinese retail companies do not hold their inventory for many days (Narteh Kuada, 2014). The foreign do not follow the instinct of the local retailers. They had the tendency of making huge inventory for the products they want to sell in the market. Competition in the retail market of China is too tight for the foreign companies due to price differentiation from the local retailers. The Chinese sales persons are hired for the local players to sell their products who know the local culture and add value in their selling technique. However, the foreign people were hired by the foreign companies for retail sales jobs in the Chinese markets. This was a major flaw in selecting the market representatives in retail segment by the foreign retailers in China (Liu, 2009). The trend of the sales of retail market in this country by the Chinese companies was seen to be sluggish due to lack of knowledge of the local markets and the local culture of the customers. In this regard, the product mix marketing of the Chinese retailers are based on the brand based. The consumers could see and observed all the products of the same brand at one place. However, the foreign retailers, especially the American retailers displayed the products of the diffe rent brands category wise at the same place (Nadiri, 2011). The presentation of the events of the selling retail products in China differs by their traditional culture of retailing by the foreign companies. Different taste of the consumers in the country is also a factor for the foreign practitioner in retail segment. The taste of Chinese people did not match with that of the American people as they do not think to pay attention towards the local cuisines much. However, the Chinese people were very exact about their culture and taste regarding their fashion, decoration, food habits and buying habits (Liu Pearson, 2010). This was developed due to their different culture and ethnicity in society with traditional familiarity towards the social interaction among each other. The recent closure of the stores of Home Depot would make the loss of assets as well as the value of the company. The closure would cost the company in reducing its book value of the shares by 10 cents per share for the parent US arm while there would be much complication in balance sheet due to impairment of goodwill and severance charges for closing the foreign units. In this way, the value of the brand would be deployed due to losing the business of the associates of the company (Sun Ma, 2009). The number would be almost 850 who would be paid the severance package due to their loss of closing the seven stores throughout the country. The issues would be addressed in the share price of the company as the earnings per share will be affected too. The old employees in the closed stores would be retained in the specialty stores of Shenzhen and sourcing office of Shanghai. Alternatives There are many alternatives are possible for the foreign retailers in China. The current context had delivered the information of the changes in the country due to social and cultural difference in the country (Yu Zhang, 2011). Thereby, some of the strategies to run the retail operation of Home Depot can be used to control the current situation and develop the same in the country. The main alternative strategies are as follows: The selection of the salesman in the Chinese stores must be changed for the company as they need to recruit the local people to understand the values and sentiment of the local consumers. The pay and rewards must be in competitive way for the sales department so that maximum output can be achieved from them (Yu Ramanathan, 2012). In this way, the company can achieve the higher sales in their furniture and decorative paints in Chinese market. The cost regarding opening the owned stores may not be feasible for Home Depot as the cost associated with own stores are always high. The management may think about changing the model of business in China by opening the Franchise mode of business in selected cities where the competition is higher from the local retailers. In this way, they can reduce the price of the products and may take place in the competitive market in their products ranges. The company must hire the local labors to fix their furniture and other goods for the customers. This strategy will maintain the taste of the Chinese customers of paying the workers for their activities as well. Further, in this case, Home Depot can acquire the taste of the customers by providing them their requirements. Market research is very important for the customers as they need to rethink before making any move and investment in the foreign market. Home Depot must conduct thorough market research for the different province of the country as the culture and taste of the different provinces are different in China. It may reduce the sunk cost of the company for future expansion in the country. Selection of decision criteria The decision criteria for the alternatives would be based on the alternative strategies selected for the company. In this regard, the management of the company has to select the key decision criteria for making all the changes as followed: Competition with the rivals and especially with the local retailers is the main decision variables in this case to be considered by home Depot. Thereby, the answer of the question of being competitive in the local market with the alternatives must be evaluated. The reaction of alternative in view of financial risk of the company Home Depot must evaluate the financial risk of the alternative strategies. We had the clear evidence of making loss in Chinese segment for Home Depot. Therefore, the management must make decision on basis of the financial feasibility and investment risk associated with the strategies. How far the management may control the operation in franchisee mode? That is the major question in decision criteria. The franchise operation may reduce the control of providing the service and the quality of the products of Home Depot. Analyzing and evaluating the alternatives The decision criteria from the above section can be seen and the alternatives can be assessed individually for evaluating the appropriateness of the alternative strategies. Recruitment of local salesman The issue of understanding the local culture and taste of Chinese people is the main concern here. Therefore, recruiting the local sales person in the stores may provide the company an edge of projecting the taste of the local community to increase its sales. The analysis of this alternatives in basis of the decision variable 1, we can see that competition in the market can be won by Home Depot in this due course. The competition in the market is not only present because of competitors low priced model of business, but also the competition is present due to stay with the culture and the taste of the consumers in Chinese market. The financial risk associated with the alternative is initially risky proposition for Home Depot as the local people has to be recruited as well as they have to be trained for understanding the system of the company. However, the cost of rewards and the salary will be varied on basis of the performance from the selected sales person in the stores. However, the risk increases gradually due to better performance from the sales person in the stores and increase of sales. The commission based payments increases the risk of paying more rewards; hence the low profit may be increased. The management control in the franchise based model can be increased by recruiting the local people. However, the experience of Home Depot in the country for acquiring the local people may enhance the risk associated with the crocodile. Local people can be employed; but not in the top position of the firm. Employing the local at managerial level people may reduce the risk associated with bankruptcy. Cost associated with the new stores in the country The new stores in China cannot influence the taste of the local people by anyway. The alternative of flexible and convenience of the store location may provide the customers an edge of finding Home Depot store. However, it is not the feasible option for the company to become competitive in the market as there are numerous retail stores of the same products in the local area. Opening the new stores in different locations may have financial risk as the management has to find out the feasibility of making the investment decision. In the meantime, the investment for the new stores in the new location may not be feasible as the company has suffered huge loss in the country since inception. The new stores will provide the company entire control to the management to operate the store. Management may not have the entire operational control over the franchise opened stores in the area. The products and the service from Home Depot can be supplied and sold to the local customers through the new stores in a new place. Usage of local labors The local labors may add the feature in the companys profile for serving the customers. The service of providing the customers of do-it-by-me can be provided with special charges as well as a nominal rate of profit also can be made from this new arm of service. This proposition can help the company to reach the local customers taste and the needs. The financial risk associated with hiring the local labors for providing the customers service for the goods as well as assembling the item lines. The risk associated with hiring the labor will make the funds at risk for Home Depot due to initial payment to the labors. Further, the risk of paying wages to the fixed labors while there will not be any orders. Hiring the new labors in the company for serving the customers better may not provide the entire control over the operation to the management. The process of hiring if direct then the management may have the entire control over the activities of the labors. The service to the customers can be provided as per the requirement of the business. The outsourcing of the labor may reduce the financial risk associated with the direct labor charge. However, the management may not have any control over the service provided with the hired labors to the customers for assembling the furniture. Market research The market research of setting up the business may be found important in this business. The competitiveness and surviving in the market for Home Depot is possible through conducting market research in the local area. It may provide the company long-term competitive advantage whereas the demand of the products from the local customers can be understood by the management. The financial risk associated with the project is null as the cost associated with the project of researching the market is not recoverable from the direct point of view. It is a sunk cost, which cannot be redeemed from the operation of Home Depot. Therefore, the risk associated with the investment cannot be measured by any means. The management may not have any control over the market research. The research must be conducted in such a way so that the true and the neutral information is reflected in the results from the research regarding the feasible option of conducting the business. The control over the market survey by the management is not desirable as they may influence the result of the market survey. Selection of the preferred alternatives The selection of the alternative solution to the recent issues faced by Home Depot may as followed: The analysis of the alternative market solution and the internal change in the company showed that the usage of the local labors in the business of serving the Chinese customers is the best solution to Home Depot. The company may find it feasible due to its simplistic nature, low cost and abundance of the resources. The labor service in the business may provide the sustainability and remove the present problems in the operation and the business may provide the profitability. Developing the action plan The Home Depot is recommended to run the Chinese market using the local labor serving policy where the customers will be served through companys own labor for fitting and providing the after sales service. However, the local sales personnel are also required for improving the revenue for the business. Hiring the local labors in contract: The cost of hiring 1 labor = RMB1000 / month Required labor for each store = 12 Open stores in numbers = 7 in present Therefore, monthly expenses for retaining labors = RMB 1000 * 12 * 7 = RMB 84000 Annual expenses for paying the labor will be RMB 1008000 The expenses related to train the local labors about the products and service including their responsibilities will need extensive training and induction program The expenses towards training the labors are considered to be RMB 200 per week. Total expenses towards training will be RMB 200 * 2 * 84 = RMB 33600 Hiring of sales person Salary = RMB 1200 / month Numbers required = 6 per store Total expenses for salary per month = RMB 6* 1200 * 7 = RMB 50400 Commission paid per month per sales person = RMB 2000 (average per person) Therefore, commission expenses = RMB 84000 Total salary per month = RMB (84000+50400) * 12 = RMB 1612800 Growth The sales for year 1: RMB 15000000 Expenses due to salary and wages = RMB 1612800 COGS 40% of total revenue = RMB 6000000 Operating profit = RMB 7387200 Therefore, the actions taken to revive the business in positive way is feasible from the estimated operating profit of the business in China. References Andajani, E., Hadiwidjojo, D., Rahayu, M., ., D. (2014). Customer Experience Model: Social Environment, Retail Brand and Positive WOM.RBM,2(1), 25. https://dx.doi.org/10.5296/rbm.v2i1.5823 Bhasin, K. (2016).Why IKEA Took China By Storm, While Home Depot Failed Miserably.Business Insider. Retrieved 23 February 2016, from https://www.businessinsider.com/ikea-home-depot-china-failed-2012-9?IR=T Breazeale, M., Lueg, J. (2011). Retail shopping typology of American teens.Journal Of Business Research,64(6), 565-571. https://dx.doi.org/10.1016/j.jbusres.2010.06.007 Burkitt, L. (2016).Home Depot Learns Chinese Prefer 'Do-It-for-Me'.WSJ. Retrieved 23 February 2016, from https://www.wsj.com/articles/SB10000872396390444433504577651072911154602 Chaney, I., Gamble, J. (2008). Retail store ownership influences on Chinese consumers.International Business Review,17(2), 170-183. https://dx.doi.org/10.1016/j.ibusrev.2008.02.008 Feng, J. (2014).Whats Up with U.S. Big-Box Retailers in China? The Cases of The Home Depot and Best Buy | China Research Center.China Research Center. Retrieved 23 February 2016, from https://www.chinacenter.net/2014/china_currents/12-2/whats-up-with-u-s-big-box-retailers-in-china-the-cases-of-the-home-depot-and-best-buy/ Liu, X. (2009). Research on the Issue of the Distribution of Household Electrical Appliance Retail Chain Enterprises in China.IJBM,3(5). https://dx.doi.org/10.5539/ijbm.v3n5p74 Liu, Y., Pearson, C. (2010). The Determining Factors of Western Australia's (WA) Foreign Investment in China.Global Business Review,12(1), 1-20. https://dx.doi.org/10.1177/097215091001200101 Mathew, S. (2012). Adoption of business intelligence systems in Indian fashion retail.IJBIS,9(3), 261. https://dx.doi.org/10.1504/ijbis.2012.045718 Nadiri, H. (2011). Customers zone of tolerance for retail stores.Serv Bus,5(2), 113-137. https://dx.doi.org/10.1007/s11628-011-0105-y Narteh, B., Kuada, J. (2014). Customer Satisfaction with Retail Banking Services in Ghana.Thunderbird International Business Review,56(4), 353-371. https://dx.doi.org/10.1002/tie.21626 Pinterest,. (2016).Home Depot Learns Chinese Prefer 'Do-It-for-Me'. Retrieved 23 February 2016, from https://uk.pinterest.com/pin/456341374716443423/ Dhanya, R., Dr. S. Ramachandran, D. (2011). A study about Foreign Direct Investment in Retail Sector in China.IJAR,4(3), 233-234. https://dx.doi.org/10.15373/2249555x/mar2014/70 Retail Brand Building Through Promotional Communication: A Study That Focuses on Category Killers Promotional Flyers. (2011).CBR,10(03). https://dx.doi.org/10.17265/1537-1506/2011.03.006 Retail Brand Building Through Promotional Communication: A Study That Focuses on Category Killers Promotional Flyers. (2011).CBR,10(03). https://dx.doi.org/10.17265/1537-1506/2011.03.006 Sun, J., Ma, J. (2009). The Study of China Retail Business Development Strategy.IJMS,1(1). https://dx.doi.org/10.5539/ijms.v1n1p19 The Experience of Setting up a New Learning Environment Model in Management Education: Challenges and Frustrations. (2012).CBR,11(08). https://dx.doi.org/10.17265/1537-1506/2012.08.004 The Impact of Nationalisation on CSR Policy in Citadele Bank and CR Study of the Latvian Retail Banking Sector. (2014).CBR,13(01). https://dx.doi.org/10.17265/1537-1506/2014.01.006 Vaughan, L., Yang, R., Tang, J. (2012). Web co word analysis for business intelligence in the Chinese environment.AP,64(6), 653-667. https://dx.doi.org/10.1108/00012531211281788 Yu, T., Zhang, M. (2011). Multivariate Analysis Of Foreign Direct Investment In China.JABR,23(2). https://dx.doi.org/10.19030/jabr.v23i2.1396 Yu, W., Ramanathan, R. (2012). Business environment, employee competencies and operations strategy: anempirical study of retail firms in China.IMA Journal Of Management Mathematics,24(2), 231-252. https://dx.doi.org/10.1093/imaman/dpr026 Yu, W., Ramanathan, R. (2012). Effects of business environment on international retail operations: case study evidence from China.Intl J Of Retail Distrib Mgt,40(3), 218-234. https://dx.doi.org/10.1108/09590551211207175 Yu, W., Ramanathan, R. Effects of Business Environment on Operations Strategy: An Empirical Study of Retail Firms in China.SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.1393333