Friday, January 31, 2020
BRAVADO and Linguistics Research Paper Example | Topics and Well Written Essays - 1750 words
BRAVADO and Linguistics - Research Paper Example They have also helped to create new ways of analyzing the different pieces written over time, and this paper will actually look at how bravado and linguistics play an important role in literature. Bravado means a false bravery and it comes from the word brave, but it is the complete opposite of its meaning. This can possibly be applied in describing people who in the real sense are cowards, but they pretend to be brave because of a certain reason. These people at first often show that they are very brave but eventually, they turn out to be cowards. Linguistics on the other hand is the scientific study of human language as a whole, and it can be divided into different categories to help understand and decipher linguistics. These categories are three in number and they include language form, language meaning and language in context, and they all contribute to linguistic development, where they help bring out the deeper meanings in linguistics. They can be applied in making comparisons of different literally works and in this case, they can be effectively applied to compare and contrast Sir Gawain and the Green Knight, and Beowulf, both very old literally works (Crystal 27). The two poems are used to make readers have a better understanding of linguistics and bravado, since the authors have used both styles to give better illustrations of how the styles are applied in literally pieces (Heaney 22). This is a powerful poem written in the 14th century, which some scholars refer to it as the famous ââ¬Ëbeheading game.ââ¬â¢ It can be classified as an alliterative romance because of the plot of the poem, which is basically about a mysterious challenge posed by Green Knight to the knights of King Arthurââ¬â¢s round table. He asks any knight that is willing to take the challenge to strike him with his axe and in return, after a certain period, the Green Knight will reciprocate by hitting the
Thursday, January 23, 2020
A Helping Hand for College :: Expository Classification Essays
A Helping Hand for College à Approximately 60% of all students enrolled in higher education receive some type of financial assistance. Financial aid is provided to students for many reasons. The primary reason is to increase the accessibility for families that are unable to afford the full cost of higher education. Scholarships, loans, and federal work studies are categories of financial aid given to help students further their education. à A scholarship is a financial award given to students in recognition of achievement, such as academics or athletics. Other scholarships are awarded to minorities and women to increase their access to higher education. In many cases, the qualifications for a scholarship include financial need as well. A scholarship does not require repayment. Most scholarships are given to students who attend business schools, technical and vocational schools, nursing schools and 2-year colleges. à A loan is an award offered by various government and private agencies. The interest rates are lower than those of regular bank loans, and in most cases interest is not charged while a student is enrolled in college; repayment is also extended over a long period of time. There are loans for students and parents. Student loans are the most common form of financial assistance to students. They are available for both undergraduate and graduate studies. They are issued by commercial banks and state student loan authorities at an interest rate considerably lower than the current market level and guaranteed by the federal government. The loan must be repaid within a ten-year period beginning six months after the student's graduation. à Federal work study is another type of student financial aid. It is a part-time job co- financed by the government and a college to allow students to earn money to help pay educational expenses. The program encourages community service work and work related to a student's course of study. The salary will be at least minimum wage, but it may be higher, depending on the type of work and skills required. The total federal work study awarded depends on when a student applies, the level of need, and the funding level of a college. An undergraduate student is paid by the hour. A graduate student may be paid by the hour or receive a salary.
Wednesday, January 15, 2020
The Bluesky Software Consulting Firm
People clearly are an organizationââ¬â¢s most critical resource. Their knowledge and skills along with their commitment, creativity, and effort are the basis for competitive advantage. It is people that have creative ideas for new products or for process improvements that devise marketing strategy or take technologies to the next level. As consultant for Blue Sky, it is my obligation to develop recommendations based on issues addressed in the case, to ensure Willis can develop an effective management team in accordance with companyââ¬â¢s requirements. Blue Sky is a fifteen year old software-consulting firm, however, has some obstacle to overcome. As the consultant, I will respond to four outlined questions pertaining to the case study. This analysis will provide areas of improvement for Blue Sky Software and the necessary management techniques to make for their organization to run functional and efficient. Question 1, in the case asked to address the differences in leadership style and approach today and in the recent past at Blue Sky. In the past, the leadership styles were lead by an autocratic leader. Autocratic leadership can be said to be synonymous to dictatorship where only one person has the authority over the followers or workers. Their decision has to be taken as the golden rule and should never be questioned. They plan out everything and order their subordinates to work according to their rules. Max Blue seemed to think meeting was not necessary and thought planning was a waste of time and no one questioned his authority. This type of leadership style unfortunately made employees at Blue Sky passive as they couldnââ¬â¢t make decision on their own. There seemed to be several types of leadership styles circulating throughout the company depending on the different department you were in. The organization structure was broken down by the CEO, VP of the division, director of marketing, CFO, and the regional directors being in the upper management levels. The regional directors were all younger and had been with Blue Sky relatively a short period of time. They seemed to be more aggressive, whereas, they wanted to expand clientele and product lines. The older manager mainly the vice presidents who had been with the organization for awhile, had a more passive approach because of the autocratic leadership style from Max Blue. Willis, the new CEO is more of a collaborative leader. When establishing collaborative relationships it is not always natural or easy, particularly because people have different lifestyles, backgrounds, and experiences. A collaborative leader takes a much different approach essentially suggesting that the most effective way to guide an organization, process, or project is through inclusion and consensus. Also, the ââ¬Å"benevolent dictatorâ⬠approach is highly efficient eliminating the wavering of many competing voices in the decision-making process. Even though, collaboration is the way people naturally want to work, because it builds teams through mentoring and coaching, building trust and mutual respect and beak down walls between people, teams, departments and division to accomplish goals. It was clear the others looked to Willis to solve the problem, so this left Willis not being able to come to a consensus as he had hoped. In question 2, of the case study there was a focus toward the organization looking at motivation being a critical element. Be sure to discuss and evaluate the approaches to motivation at Blue Sky now and the past. In the past, the approaches to motivation were to provide employees with big dividends. Many studies show that interesting work and sense of accomplishment are some of the greatest motivators for an employee. These rewards lead to the type of motivation known as ââ¬Å"intrinsic,â⬠which can be defined as causing ââ¬Å"â⬠¦ people to engage in an activity for its own sakeâ⬠(www. reference. com). Studies show that intrinsic motivation is important for high job satisfaction, which can affect an organization's performance. Many different techniques exist to intrinsically motivate employees(Walker, 2008). Some include: job enlargement, job rotation, and job enrichment. As noted earlier, job satisfaction among employees is important for a company to attain, thus, the use of techniques that boost intrinsic motivation is key. However, the employees were happy because they were paid well. The flip side to that is those older employees are closes to retirement, and have no intrinsic motivation. They are not motivated in sharing to new ways in doing things for the organization, such as saving money and hiring new clientele as suggested by Hubres in her memo. Therefore, it has been suggested by Willis that James and Counts work together to develop a retirement package for senior employees in the division without any immediate replacement for retirees. This would be a start in saving money for the division. In question 3 of the case study, it relates to strategic plan and decision-making process. The question ask, if there has been a strategic planning and decision-making change at Blue Sky? If so, is this a positive change? Yes, there has been a strategic plan and decision-making process at Blue Sky and positive change. The strategy plan comes from an outside consultant that has been asked to help Willis to develop an organization plan. A strategy plan must be for an organization and not an analysis of the current plan. In the past, there was no strategic plan in place based on Susy Hubres, one of the newest members of the Executive team. In her memo, she is proposing a three-day retreat for Blue Sky executives, and her main agenda for the meeting is developing a ten-year strategic plan.
Tuesday, January 7, 2020
Personal Narratives of Exploring the New World, America
Personal narratives are often written when the author feels compelled to tell their story, usually they write them about a significant event. Going back to Columbus, the early explorers and settlers took to writing personal narratives to tell their story of what they found in the New World. The New World has a geography that is unique to each area. One thing all of the early explorers and settlers to the new world had in common was that they all had to deal with the Indians. In each area there are differnat tribes of Indians, it is for that reason the personal narratives written by the explorers and settellers are different from each other. The result of which meant that all of them had different experiences to write about in theâ⬠¦show more contentâ⬠¦To prevent possible death and punishment, he had to say what he did. It would also help later on with the Indians on any return trip if they had excellent relations with each other. His purpose of the narrative was the economic development of the new territory and to ensure his place in it. Not able to do it on his own, he needed to get more money from the king and queen of Spain. The reason he had to do that was Europeans had already traded with China and the Far East. However, they did not know anything of the New World other than what he and the rest of his crew had written. That is why Columbus had to sell them on the opportunities he discovered. That is why he ended his letter with, ââ¬Å"In conclusion, to speak only of that which has been accomplished on this voyage. Which was so hasty their highness can see that I will give them as much gold as they may need if their highnesses will render me very slight assistance; moreover I will give them spices and cotton, as much as their highness shall command.â⬠One could say that he was a land developer trying to sell the new world to the crown of Spain. It is now understandable now how he was able to secure funding for more voyages, and start the grea t exodus of explorers to the new world. Kupperman stated in her article ââ¬Å"Reading Columbuss Diario, even in the imperfect form in which it has come down to us, is exhilarating; it allows us to participate inShow MoreRelatedCivil War Research1082 Words à |à 5 PagesIn my research I hope to explore the range of resources that will allow me to answer my questions. Some of the sources needed would include: oral histories and personal narratives from key participates like Jose Figueres (Don Peep), Henrietta Boggs, Manuel Mora, Caldron and more. I believe the oral histories will allow me to interpret the ideologies each person shared before and during the Civil War. Other documents that I believe will have a vital influence on my history are documents from the UnitedRead MoreThe Portrayal Of Heterosexual Love1669 Words à |à 7 Pagesrepression, its effect on minorities. 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Monday, December 30, 2019
Dillards and Citigroup Two Companies that Need Innovation
Dillards and Citigroup: Two Companies that Need Innovation INTRODUCTION The goal of marketing is ââ¬Å"to determine the needs of the market and to assure that the products manufactured by the company correspond precisely to these needs with a competitive advantage and at a profitâ⬠(Viardot, p. xvii). In business, proper marketing strategies can mean the difference between success and failure, both of individual marketing campaigns and the company as a whole. In this age of new media and information overload, companies have to struggle to keep up. While many large companies are using these innovations to good use, there are some corporations that are decidedly lacking in these innovations. Whatââ¬â¢s more, the extent of the appeal or effectiveness of physical media and billboards is still up for debate for retail and financial companies. Dillardââ¬â¢s and Citigroup are two of these companies undergoing substantial change in this new marketing world; in this paper, these corporations will be explored in terms of their environmental factors an d current media strategies. Recommendations of ways to improve their image and their promotional strategies will be offered, and the two companies will be compared and contrasted. DILLARDââ¬â¢S Dillardââ¬â¢s is a major retail department store chain located in America, carrying more than 300 stores in nearly 30 states. They specialize in upscale clothing, jewelry, perfumes, housewares and more, and carry numerous high-brand names. Dillardââ¬â¢s was founded in 1928 by William T. Dillard in Nashville, Arkansas, and it has remained a mainly family operation since that point. The chief target demographic of Dillardââ¬â¢s is consumers in the upper and middle class, and so it tailors its marketing strategies to incorporate these consumer groups, who have the disposable income and interest to invest in high-priced, upscale private label clothing and cosmetics. A vast majority of Dillardââ¬â¢s stores are located as department store branches of shopping malls, though a select few independent stores have opened up in the past few years. Environmental scan POLITICAL ââ¬â Due to Dillardââ¬â¢s strict domestic market, it does not engage in international trade, which makes export taxes inconsequential. However, high import taxes of outsourced clothing and merchandise are still a factor. ECONOMIC ââ¬â The slow economic growth of the past few years has made consumers more reticent to invest in luxury products, including a great deal of the fine clothes and upscale housewares that Dillardââ¬â¢s provides. The location of Dillardââ¬â¢s primarily in malls diminishes its visibility as an independent brand, making its customer base purchase clothes from them because they are there, not because of the specific appeal of that company. SOCIAL ââ¬â Dillardââ¬â¢sââ¬â¢ chief marketing demographic is to upper-middle class households, particularly adult women; much of the consumer base of the United States consists of younger, affluent teenagers and college-age students, which is not the target audience for Dillardââ¬â¢s, and remains an untapped market for such a large, prevalent department store chain. TECHNOLOGICAL ââ¬â Dillardââ¬â¢s currently carries a significantly advanced online store, which they are using to provide a substantial portion of their business. As online technology and social media increases as a method of purchase, department store chains such as Dillardââ¬â¢s have a higher level of freedom regarding how to sell their products. Automation and outsourcing of clothes creation to independent brands makes production costs lower, as they are merely a retailer of brands created by those specific companies. ENVIRONMENTAL ââ¬â Environmental situations must be taken into account when creating and distributing clothing products, in order to ensure that animal and worker cruelty regulations are upheld. Department store chains like Dillardââ¬â¢s must take care to not break environmental laws by spending the money on brands and products that are environmentally friendly in order to maintain customer trust and respect. LEGAL ââ¬â Retail and department stores carry a risk of providing defective products, which leads to more stringent quality assurance practices needing to be implemented. The execution of these practices, as well as the cost of recalls, can cut severely into profitability. Continuing to behave in an ethical manner, as Dillardââ¬â¢s has so far, will lessen the likelihood of breach of antitrust and employment laws, and as such the risks for litigation and legal action are minimal. SWOT analysis STRENGTHS ââ¬â Strengths of Dillardââ¬â¢s include their competitive pricing, which is typically much lower than other upscale department stores. This makes the cost advantage to shopping at Dillardââ¬â¢s quite high, and is a major factor in its success as a department store chain. WEAKNESSES ââ¬â The primary weakness of Dillardââ¬â¢s is their limited target market, which extends to little over half the states in America, with little to no international exposure. Their merchandise is not particularly diverse, extending primarily to fine clothes and housewares, as well as perfumes and sundries. OPPORTUNITIES ââ¬â Dillardââ¬â¢s has the ability to acquire other smaller companies and brands, in order to expand their product line and scope of influence. Dillardââ¬â¢s has yet to delve into the international market, providing an unparalleled opportunity to provide products on a global scale, rather than merely domestically. The youth market also has an incredible amount of disposable income to benefit from if Dillardââ¬â¢s were to expand into trendier, more affordable clothing. THREATS ââ¬â Threats include competitors from other major department store chains like JCPenneyââ¬â¢s, Macyââ¬â¢s, Nordstrom, et al., who also carry a significant market presence and provide the same kinds of merchandise at similar prices. The economic downturn of recent years has made people less likely to buy luxury products, which comprise much of Dillardââ¬â¢s product line. External changes in taxation, and business politics also have the ability to threaten any plans for expansion of product line or pricing changes. Choice of media The primary means of advertisement for Dillardââ¬â¢s is through local advertisement in magazines, billboards, and television commercials. They do not maintain a significant national marketing presence, instead focusing their efforts on suburbs throughout the Midwest and South, with a lighter emphasis on the West and East Coasts. Much of its online promotion is through its website, Dillards.com. Its primary locations being in malls, a lot of the target customers for Dillardââ¬â¢s are people who are not specifically looking for Dillardââ¬â¢s as a destination, but for clothing in general. Their brand has also expanded through an expansion to include a yoga-based active wear company, Tranquility, providing a slightly expanded and specialized customer base (Plunkett, 2008). Location is a large factor in Dillardââ¬â¢s marketing strategies ââ¬â as it chooses its locations in suburban malls primarily, it attempts to find markets that are missing substantial upscale clothing and cosmetics, and moves in, beginning a large physical marketing campaign through mailers and newspapers (ââ¬Å"History of Dillardââ¬â¢s, 2011). Its mall expansion remains aggressive, attempting to siphon off existing business and location as a shopping center, requiring less knowledge of where a specific Dillardââ¬â¢s location is. All one has to know in order to shop at a Dillardââ¬â¢s is where the nearest mall is, making their locations much more centralized and open to random foot traffic. It also makes it more likely for those consumers who are not strictly shopping at Dillardââ¬â¢s to stop there, which is the primary appeal of a shopping center in the first place. In terms of social media, Dillardââ¬â¢s also takes advantage of services such as Facebook and Twitter, with pages and feeds for each of them. In these, they provide unique deals and offer a sounding board for customers to field complaints or provide endorsements to their business. Providing a direct link from their website to their Facebook feed, with a button that says ââ¬Å"Join the Conversationâ⬠allows the customer to feel like a part of the company, which is an effective method of gaining consumer trust and investment in Dillardââ¬â¢s products. At this time, however, Dillardââ¬â¢s Facebook and Twitter presence is somewhat limited, with a small number of followers of both compared to their total consumer base. Understanding the upscale audience that Dillardââ¬â¢s primarily invests in, there are several incentives used to market to specific demographics. Dillardââ¬â¢s specializes in providing a location for wedding registries, streamlining the process so that people can give wedding gifts to those who set up a registry at the company. This provides a simplified, streamlined way to get business from married couples and those who will attend their weddings, as their products will be funneled through the company and a select few other stores. There is also, like many department stores, store credit cards that can be issued in order to purchase products that cannot be afforded by consumers at the time ââ¬â this can increase the number of sales the company gets in a visit. Dillardââ¬â¢s still produces catalogs, which it sends out to recurring customers in order to show them their product line. This is meant to show them a more comprehensive look at new products, as well as emphasi ze markdowns they provide on existing products. The online presence, as well as its physical media efforts, are also substantially well-used avenues for coupons and other discounts. Dillardââ¬â¢s places a huge emphasis on markdowns, providing a real or perceived discount on many products in their line. This creates the perception of private labels being taken down in price to appeal to the normal customer, a tactic that permits lower-middle class consumers to purchase from Dillardââ¬â¢s as well. In addition to that, it captures those in the upper-middle class market who still want to maintain that look, but feel they can do so at a more affordable price. Compared to Macyââ¬â¢s and JCPenneyââ¬â¢s, Dillardââ¬â¢s prices are somewhat more competitive (ââ¬Å"History of Dillardââ¬â¢sâ⬠, 2011), making the discount culture it participates in somewhat more legitimate. Dillardââ¬â¢s is taking small steps to revamp its marketing strategy to de-emphasize physical media and attempt to bring their business more and more online. In 2004, they opted to begin phasing out the extent to which it took out ads in newspapers for the markets it had stores in ââ¬â it was a difficult transition, as Dillardââ¬â¢s had been the largest advertiser in newspapers for its relevant markets, representing a dramatic shift in priority towards digital media (Arkansas Business, 2004). While they still remain a presence in these newspapers and mailers, it is reduced by nearly $20 million in ad costs, opting for inserts in newspapers in lieu of run of press (ROP) ads, which can get lost in the shuffle. Recommendations Dillardââ¬â¢s continues to experience rapid expansion, adding more and more stores outside of shopping malls, making it necessary to increase its public image. A greater social media presence, and a slight marketing change towards a younger demographic, will help increase its image visibility in teenagers and college aged individuals, many of whom are not aware of Dillardââ¬â¢s due to its typical appeal to older consumers. Due to Dillardââ¬â¢s already substantial discount culture, it would be easy to translate that to a younger, more budget-conscious audience, especially through the use of more innovative marketing media. One way in which to grab their younger audience and gain more mileage out of their marketing efforts is to work harder on their social media platform. Currently, mobile phones are becoming more and more of an ongoing presence in consumerââ¬â¢s lives, with applications provided by many companies in order to provide continual access to their products and services. If Dillardââ¬â¢s were to provide a mobile app that allowed customers access to their products, new promotions, or mobile-specific coupons, that would provide an added incentive to shop at Dillardââ¬â¢s. Whatââ¬â¢s more, the amount of money spent on catalogs could be saved by cutting out that practice and allocating it toward more fervent social media marketing and mobile applications, both of which will not be thrown away, and can be constantly updated. Gaining a higher number of followers on Twitter and Facebook would go a long way towards providing a persistent presence in consumerââ¬â¢s social media lives ââ¬â this can be performed by sponsoring third party applications that other people want to purchase, which can enhance visibility. Also, providing a higher number of promotions and social media-only coupon codes will offer a financial incentive to shop at Dillardââ¬â¢s ââ¬â these can be administered through the companyââ¬â¢s Facebook fan page and Twitter feed. Revamping the website to provide more of a persistent connection to these social media platforms would create greater interconnectivity between the entirety of the consumer experience, and invest them further in the company itself. CITIGROUP Citigroup is a large financial services company that operates worldwide, providing banking and credit card services in 140 countries. At one point, it was the largest company and bank in the world, factoring in total assets; after the economic downturn of 2008, it became the 24th biggest company in terms of assets, after receiving an economic bailout from the US government. Citigroup, as it stands now, is the product of a merger of banking company Citicorp and the financial group Travelers Group, forming Citigroup in 1998. It is a global service exporter, meaning that it provides international support for finances on a worldwide scale, gaining a substantial profit from them, as well as a large global image as a provider of financial services (Boone and Kurtz, p. 207). Environmental scan POLITICAL ââ¬â The political structure of the United States is quite favorable to corporations; Citigroup was recently given a government bailout as a result of the economic downturn of 2008, which allowed the company to avoid insolvency. In terms of appealing to customers, the majority of Americans possess a mild to moderate skepticism of large corporations and its activities; in the case of Citigroup, the corporate scandals of the early 2000s prompted distrust of Citigroup, being a key banker in Enron, who then paid out a settlement for the Enron case. ECONOMIC ââ¬â The current economic state of the country is relatively dire, but slowly improving; economic growth is slow, but interest rates are high, meaning that banking and investment companies such as Citigroup can gain substantial interest on loans that it provides to its customers. However, they also negatively affect the cost of capital, making expansion difficult. SOCIAL ââ¬â The social environment of the United States is capitalistic and consumerist, making a spending environment somewhat favorable, despite the economic downturn. As a result, loans and banking will continue to be in high demand for many years to come. However, there is also a growing sense of social and fiscal responsibility, leading to a relative backlash against large corporations, especially banks and loan companies; this can lead to a negative public image against companies such as Citigroup. TECHNOLOGICAL ââ¬â Technological advancements have made electronic banking and credit card monitoring extremely easy; this makes it more convenient than before for consumers to operate their bank accounts. Increasing use of the Internet and electronic banking is making physical locations increasingly obsolete. ENVIRONMENTAL ââ¬â Companies such as banks and lending agencies often have a minimal impact on adversely affecting the environment, given their focus on strict capital and not the selling of products. Citigroup has remained a leader in sustainability for several years, using environmentally viable paper sources and consumer recycled paper in its operation (ââ¬Å"Sustainable Paper Initiatives,â⬠2011). LEGAL ââ¬â United States regulations on consumer and employment law place strict regulations on companies to avoid discrimination and antitrust practices in its hiring and maintenance of employees. SWOT analysis STRENGTHS ââ¬â Citi has a substantial piece of the market, as one of the Big Four companies issuing credit in the world. It is the largest credit card issuer in the world, and provides a wide variety of financial products, including retail banking, investment and commercial banking, e-commerce, and consumer finance. Its global infrastructure allows it to maintain a strong foothold in many countries, and remain stable as a company. WEAKNESSES ââ¬â The subprime mortgage market holds significant sway over their profitability, as they are the ones who provide the majority of these loans. As a result, any downturn in that market can lead to substantial losses for them. The debt obligations they carry to both their consumers and the US government for their economic bailout in 2008 lead them to carry significant debt that they need to pay off. OPPORTUNITIES ââ¬â Due to the large number of services that Citigroup carries, they are able to cross-sell significantly in order to get through hard times in the financial market. Online and mobile banking are large incentives for consumers to work with them, due to the increasing use of the Internet and smartphones to do business and interact with the world; further opportunities in these markets are increasing. The acquisition and integration of the Automated Trading Desk has also provided them with many opportunities to expand and provide electronic trading of stocks (Stempel, 2007). THREATS ââ¬â The liabilities inherent in lending credit cards and loans to individuals and companies are great, especially to the worldââ¬â¢s largest issuer of these debts. If people default or foreclose on these loans, that money is lost. The weaker financial markets experienced in the past few years have made for slow economic growth, of which Citi is not immune. Consolidation has become rampant in the banking industry, making for larger competitors to work against for the trust of consumers. The mortage market in the United States is currently weak, making the liabilities even larger for this company, and the return on investment nearly negligible. Choice of media Citicorp offers a substantial, diverse array of media marketing outlets, including television, radio, newspapers, billboards and social media, among others. They maintain a large, diverse website (citi.com), wherein individuals can log in to their online banking, apply for loans, check on the status of their credit cards and investments, and nearly any function that could be performed at a normal physical Citi location. This allows any online advertising or marketing to lead directly to the next step in gaining a consumerââ¬â¢s business ââ¬â linking to the website and beginning a business relationship through applications, consultation, and the like. One of Citigroupââ¬â¢s major strategies, like many other financial companies, is set to sponsor athletes and sports starts in order to enhance their image, offering them endorsement deals in order to expose fans of these athletes to Citigroup as a company. One innovative strategy they have been trying, however, has been to ââ¬Å"help sponsor rookies, amateurs and others around the world in multiple sports who may never dent the record books. The goal is to show off Citiââ¬â¢s skill as a trusted financial adviser, particularly among clients who may ââ¬â or may not ââ¬â be right on the cusp of hitting it bigâ⬠(Quenqua, 2008). By going against the grain and using a twist on a tried-and true marketing practice to emphasize its mission statement, Citi has created a very strong outlet for portraying its new message. Their primary markets for athletes have been golfers, having chosen four rookie golfers to represent their campaign. This is meant to provide a link to Cit iââ¬â¢s target audience, which is upper-middle class whites with interest in investment and banking, typically the market most engaged in the game of golf. Citigroup spent $268 million dollars in advertising in 2009, making it the 98th biggest advertiser in the world (Adbrands.net). Nonetheless, it is struggling to regain the traction that it had experienced in 2005 and 2006, and the economic downturn of 2008 exacerbated that struggle. Lisa Caputo was put in charge of global marketing and communications in 2008, seeking to globalize the companyââ¬â¢s marketing efforts and create new advertising and branding campaigns for Citigroup (Janoff, 2008). In 2000, ââ¬Å"Citicorp was widely regarded as a very strong marketing and planning organization, but it was viewed as weak operationally and on execution of business plansâ⬠(DePamphilis, p. 323) ââ¬â this attitude remains somewhat to this day. Use of social media was implemented by Citigroup not long after the $300 million bailout took place ââ¬â the company sponsored a Facebook app called ââ¬Å"Magnetic Lyricsâ⬠in order to appeal to the younger demographic. This app would feature music and lyrics by popular artists such as Mary J. Blige and Nickelback in order to increase the exposure of the company to new, younger, tech-savvy audiences with more disposable income. This deal involves them spending a small amount of money to reach a wider audience through Facebook, while paying ad revenue to the company for each user who plays with the application (Kafka, 2008). Citi also has its own dedicated iPhone and iPad apps, from which one can access their online banking and credit card services, providing convenient control over their finances and an added incentive to remain with the bank. Other forays into social media includes their CEO, Vikram Pandit, starting a blog in order to provide a more personal connection with the executives of the company. This is known as relationship marketing; the aim is to put a face on Citigroup and humanize it further, appealing to a wider swath of people. By doing this, the consumer can form a relationship with the executive, thus linking them emotionally with the company and making them more likely to do business with them. However, the CEO and executive blog (new.citi.com) has yet to pick up significant steam compared to its shareholders and customer base, with no comments on many of their posts, thus failing in their attempt to build an audience and a follower base. Recommendations Citigroup, despite its high visibility and deep investment in the worldââ¬â¢s finances, still needs to do a great deal of image control in order to shake its image among many as one of the Big Four banks whose lackluster risk management led to the subprime mortgage crisis that cost many people their jobs and stock options. Advertising campaigns that appeal more to the common man or small businessman can go a long way towards engendering trust in the company, offering a more down-to-earth, approachable company that will look out for those who have been especially hurt by the economic crisis of recent years. Citi can also stand to increase its presence in social media, offering a more comprehensive portal from interest to closure of sale. As it stands now, their Facebook and Twitter feeds are somewhat understaffed, and their executive blog attempts to build relationship marketing have been met with resistance and a small, mostly negative group of followers. In order to curry greater favor with customers and clients, Citigroup must work to improve its image as a company that protects the interests of all of its customers ââ¬â not just the golf-playing, affluent ones. Also, greater exposure to unique deals on loans and interest rates could be advertised through social media feeds, and further incentives could be created and activated by mobile apps. While the strategy to make a more humbled, innovative twist on athlete endorsements through sponsoring rookies is inspired, the efforts must extend beyond upper-middle class sports like golf ââ¬â with more high-profile endorsements in sports such as baseball and basketball, a greater section of the country can have more involved exposure to Citigroup, and consider them when making their next banking or loan decision. By taking that strategy of sponsoring up-and-comers and applying it to a greater variety of sports, the lower-middle class and minority market can also be targeted. CONCLUSION The two companies, Dillardââ¬â¢s and Citigroup, have a great deal of marketing strategy changes that they must make in order to increase their visibility and improve their public image; however, while Dillardââ¬â¢s needs to focus on expansion and alterations to their primary demographics, Citigroup needs to perform damage control on the negative perceptions of their company. Further expansion of social media outlets will help to increase exposure of both companies, and relationship marketing can also provide a needed level of consumer trust to these corporations. For both companies, they would do well to have an increased presence in their social media outlets. Their Facebook and Twitter feeds could use substantial expansion and improvement, bringing in more and more followers to create a streamlined process to lead them to buy, from online-only coupons to sponsoring applications that consumers find useful. Whatââ¬â¢s more, their demographics could be expanded to include more affordable, varied options that extend beyond the upper and middle class ââ¬â extending their advertising to make them more relatable to middle America and minorities would help to increase a customer base and provide a more diverse array of customers. This can, in the end, increase sales and provide avenues for expansion. References Arkansas Business, 1996. Dillards rethinks newspaper ad strategy. Goliath: Business Knowledge On Demand. Retrieved August 19, 2011, from http://goliath.ecnext.com/coms2/gi_0199-697145/Dillard-s-rethinks-newspaper-ad.html Citigroup, 2011. Adbrands.net. Retrieved August 19, 2011, from http://www.adbrands.net/us/citigroup_us.htm. Citigroupââ¬â¢s Sustainable Paper Initiatives, 2011. Citi.com. Retrieved August 19, 2011, from http://www.citi.com/citi/environment/paper_inits.htm. DePamphilis, D. M., 2008. Mergers, acquisitions, and other restructuring activities (4th ed.). Amsterdam: Academic. Janoff, B., 2008. Beleaguered Citigroup Restructures Marketing, Communications | Adweek. Adweek . Retrieved August 19, 2011, from http://www.adweek.com/news/advertising-branding/beleaguered-citigroup-restructures-marketing-communications-104218 Kafka, P., 2008. Citi Still Spending Money on Marketing; Facebook Will Get a Few Pennies. AllThingsD. Retrieved August 19, 2011, from http://allthingsd.com/20081124/citi-still-spending-money-on-marketing-and-facebook-will-get-a-few-pennies/ Kurtz, D. L., 2008. Contemporary marketing (13th ed.). Mason, Ohio: Thomson South-Western. Plunkett, J. W., 2008. Plunketts retail industry almanac . Houston, Tex.: Plunkett Research. QUENQUA, D., 2011. Citiââ¬â¢s Sports Marketing Strategy Turns Its Focus to Stars-to-Be. The New York Times. Retrieved August 19, 2011, from http://www.nytimes.com/2008/09/09/business/media/09adco.html Stempel, J., 2007. Citigroup buys Automated Trading Desk. Reuters. Retrieved August 19, 2001, from http://www.reuters.com/article/2007/07/02/us-citigroup-automatedtradingdesk-idUSN0233485120070702 Viardot, E., 2004. Successful marketing strategy for high-tech firms (5th ed.). Boston, Mass.: Artech House.
Sunday, December 22, 2019
Chocolates Effect on Womens Sex Drive - 2227 Words
The Core Assessment topic that I chose was ââ¬Å"Chocolateââ¬â¢s Effect on Womenââ¬â¢s Sex Drive.â⬠I thought this to be an important topic since I am a man who is married to a woman who loves chocolate and that I have always heard that chocolate tends to curb a womanââ¬â¢s sex drive. In an effort to find the truth, and possibly rid my household of any form of chocolate, I researched the topic and found that chocolate has an interesting history and does indeed contain many chemicals that are found to provide a settling or euphoric state in the brain. Chocolate is a derivative of cocoa or cocao (pronounced ââ¬Å"co-cahâ⬠) and can only be grown in hot, rainy environments, mostly in areas near the equator. This doesnââ¬â¢t mean that you have to live near theâ⬠¦show more contentâ⬠¦Chocolate is also known to generate increased levels of serotonin, a chemical naturally produced by the brain, which is known to reduce anxiety. According to researchers at the Mayo Clinic, ââ¬Å"as a neurotransmitter, serotonin helps to relay messages from one area of the brain to another. Because of the widespread distribution of its cells, it is believed to influence a variety of psychological and other body functions. Of the approximately 40 million brain cells, most are influenced either directly or indirectly by serotonin. This includes brain cells related to mood, sexual desire and function, appetite, sleep, memory and learning, temperature regulation, and some social behaviorâ⬠(www.mayoclinic.com). Serotonin is most common ly associated with the effects of marijuana or getting ââ¬Å"stonedâ⬠However, you would have to eat 25lbs of dark chocolate at once to achieve the same effect, but this would take care of the ââ¬Å"munchies!â⬠Neither of these properties by themselves provides the connection between eating chocolates and heightened sexual pleasure. It is in fact the rush of endorphins produced by eating chocolates, particularly dark chocolates, which is most similar to the bliss associated with a healthy sexual relationship. Chocolate can affect the brain by causing the release of certain neurotransmitters. Neurotransmitters are the molecules that transmit signals between neurons. The amounts of
Saturday, December 14, 2019
Reduse Usage of Plastic Bags Free Essays
Plastic bags are not biodegradable, so they get littered onto a wasteland which causes soil erosion causing damage and harm to the trees. If plastic bags are burnt, they emit hazardous gases causing air pollution which causes damage on the ozone layer. The Plastic can be reduced by u not using lots of plastic and use things in yr homes then going to buy a plastic bottle from the shop. We will write a custom essay sample on Reduse Usage of Plastic Bags or any similar topic only for you Order Now Plastic bags are made out of non-biodegradable substance. (not organic)Because they are durable they do not rot. Scientist believe that it would take up to 1,000 years to break down. In that time plastic bags separate into smaller toxic particles that contaminates the soil and even waterways. Even if we try to burn them, it pollutes the atmosphere Each year, an estimated 500 billion to 1 trillion plastic bags are made worldwide. That means that 1 million plastic bags are made each minute, but then billions end up as litter each year. Making plastic bags can lead to exhaustion of oil, because to make a lot of plastic bags, we need a lot of oil. If we reduce oil we could save much more oil. You can actually drive about 460 meters with the oil which is used for only one plastic bag. Plastic bags even kill a lot of marine animals. Plastic bags gets blown into the ocean and floats around like a jelly-fish. A lot of sea-creatures choke and die for mistaking them as their food. Each year, thousands of sea turtles choke on plastic bags after mistaking them for jellyfish, their favourite food. Even other sea critters like sea lions and dolphins have also been found with their stomachs filled with plastic bags! GOVERNMENT SHOULD BAN PLASTIC BAG The societyââ¬â¢s consumption rate is now estimated over 500,000,000,000 plastic bags annually. The Malaysian Federal Government is considering banning plastic bag for environmental reason. There are some big company have take the challenge to make ââ¬Å"say no to plastic bagâ⬠campaign such as IKEA, AEON and Factory Outlet Store (F. O. S). There are many drawbacks of the use of plastic bags. In some other countries, there are proposals to charge for the use of plastic bags. The objective of this paper is to educate shoppers to use reusable bags instead of plastic bags whenever possible. In the other hand, many people think it would be nuisance because there are so many practical uses for plastic bags. The United States Environmental Protection says paper bags are worse for the environment than plastic. Plastic bags require much less energy to manufacture and recycle because of this plastic generates less greenhouse gas. Plastic bags cause less air and water pollution. They compress to a small size in landfills. Nevertheless, this paper is to agree that government should ban plastic bags because of several factors which are environment, economy and health. Firstly, the idea of banning plastic bags and use reusable bag is good for the environment. In the other hand, many people think it would be ineffective because, according to Hilary Chiew (Chiew, 2009) in article high usage from Startwoââ¬â¢s newspapers, paper degrade at a slower rate compared to plastic in a landfill. In modern landfills nothing completely degrades due to the lack of water, light and oxygen. University of Arizona have done a research on paper, paper does not degrade even in 3 decades. So, paper takes up more space than plastic in landfill. While according to Abu Bakar Yang (Bakar, 2009) in article ââ¬Å"Ancaman plastik dan botol plastikâ⬠about 100,000 of marine animals likeâ⬠¦ How to cite Reduse Usage of Plastic Bags, Papers
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