Strategic planing Coursework Example | Topics and Well Written Essays - 1500 words

Strategic planing - Coursework Example A business can combine other strategies like Cost Leadership or Differentiation strategy for the focus group along with the Market Niche Strategy to maximize its sales. It can identify a market segment for its product and then try to further its edge in the limited competition within that group by either differentiating its product based on the exclusivity etc. or by creating an edge through Cost Leadership strategies for that market segment. â€Å"This strategy provides the company the possibility to charge a premium price for superior quality (differentiation focus) or by offering a low price product to a small and specialised group of buyers (cost focus).† ( Essay on Porter’s Generic Strategies) Ferrari is a very good example of a business which is employing the Niche Strategy in automobile industry along with Differentiation strategy. It has created a car which is a status symbol thus differentiating itself from other automobiles but it is only catering to a small number of customers all over the world. It is also providing a unique customer service to its client for life by picking and dropping off the cars on customer’s doorstep for maintenance and repairs. This exclusive service helps it differentiate itself even within the market niche of luxury sports cars. Vertical Integration. Is your company vertically integrated? If so, is it fully, or partially, integrated? If not, would such a move yield potentially high competitive rewards? Explain your rationale. You can also use a past firm or one with which you are familiar.( use a firm that you are familiar with) Andrew Carnegie’s steel operation in nineteenth century is a classic example of vertical Integration. As the concept of Vertical Integration means that a company controls several or all the steps in the production of a product or service to gain maximum control of that market. This concept was fully employed by Andrew Carnegie who became the steel

Elasticity of Demand for Lottery Tickets Essay -- Economics Economy Fi

Elasticity of Demand for Lottery Tickets Elasticity is the responsiveness of demand or supply to the changes in prices or income. There are various formulas and guidelines to follow when trying to calculate these responses. For instance, when the percentage of change of the quantity demanded is greater then the percentage change in price, the demand is known to be price elastic. On the other hand, if the percentage change in demand is less than then the percentage change in price; Like that of demand, supply works in a similar way. When the percentage change of quantity supplied is greater than the percentage change in price, supply is know to be elastic. When the percentage change of quantity supplied is less then the percentage change in price, then the supply then demand is known to be price inelastic. The following text is real world examples of these economic principles. They have been provided to build a bridge between current economic situations and economic principles of elasticity. The Demand for Lotto: The Role of Conscious Selection In this article is a discussion about the elasticity of demand for lottery tickets. Time series data was used in a way in which the expected value of the lottery ticket would vary due to rollovers (Farrel 1). It was found that there are far more rollovers than expected given the lottery design (Farrel 1). There was also some strong evidence found that supported that individuals did not pick their numbers in a uniform matter. The inverse supply function was found by using estimates that enabled them to identify the demand elasticity (Farrel 1). This analysis was based on the U.K. National Lottery that came about November 1994. With this in mind we realize that because game designs are similar throughout the world, these findings are more widely relevant (Farrel 1). The price elasticity of demand for lottery tickets shows that demand varies depending on the expected return from a winning ticket (Farrel 1). From this we deduce that this elasticity is relevant to the design of the lottery (Farrel 1). The way that the demand elasticity is derived is by comparing the rollover weeks with the non-rollover weeks. By doing this, the normal demand is recorded during the non-rollover weeks to see what level the demand is usually at. Then from there they can see how the demand increases as the lott... ...ing how some studies and economic research has been taking place and where. I found some of the studies to be trivial. This meaning that the authors used creative techniques to figure and estimate some of the elasticities. I also found it interesting how I could relate to the real life situations such as the Lottery. For example, when the lottery starts rolling over it creates a hype, and the demand goes up. I was always aware of this phenomenon but never realized what it actually was. Bibliography: Work Cited Farrell, Lisa; Hartley, Roger; Lanot, Gauthier; Walker, Ian The Demand for Lotto: The Role of Conscious Selection, Journal of Business & Economic Statistics, Apr2000, Vol. 18 Issue 2. Mason, Paul M.; Steagall, Jeffrey W., The elasticity of demand for lotto tickets and the corresponding welfare effects., Public Finance Review, Sep97, Vol. 25, Issue 5. Rashid, Muhammad; Mitra, Devashis, Price Elasticity of Demand and an Optimal Cash Discount Rate in Credit Policy, Financial Review, Aug99, Vol. 34 Issue. Montgomery, Alan L.; Rossi, Peter E., Estimating Price Elasticities with Theory-Based Priors, Journal of Marketing Research, Nov99, Vol. 36 Issue 4.

Tribal Feminism

Paula Gunn asserts in her work â€Å"Pushing up the Sky† that tribal life of Native Americans possess an acceptable and dominated element of matriarchy and female- dominance. But she also make it clear that â€Å"tribal feminism† present in the tribal life was different to the concept of feminism that surged the modern society since late 1960s. The cotemporary feminist movements consider the tribal society as lame centered in which women were subjugated and oppressed. She suppose that this misconception on the part of the new feminists are due to tampered literature that present a distorted image of women condition in the tribal societies. She provides examples from a specific narrative (that conveys a totally different meaning and context of a ritual ceremony and woman role in it in the tribal society) to prove her point. Let’s examine her point of view in details.Paula Gunn Allen has juxtaposed modern feminist approaches to that of â€Å"tribal feminism† as persisted in the Native American tribes. She further implies that pre-conceived notions of the modern feminists can not be attributed to the tribal feminism and that feminism (tribal must be observed and analyzed in its contextual framework using employing the basic tenets of feminist thought. She provides reason for this as  Ã¢â‚¬Å"[t]he contexts of Anglo-European and Keres Indian life differ so greatly in virtually every assumption about the nature of reality, society, ethics, female roles, and the sacred importance of seasonal change that simply telling a Keres tale within the an Anglo European narrative context creates a dizzying series of false impressions and unanswerable (perhaps even unoposable) questions.† (p. 238)For this purpose she takes the example of marriage. According to modern feminist approach, marriage is considered as an operational tool for masculine supremacy and dominance. (p.237)   It provides justification to every masculine act of domestic opp ression and subjugation of women in way or the other. But for Keres and for most of other American Tribes, it has no anti-feminist connotations. She says in this regard, â€Å"[P]aternity is not an issue among traditional Keres people; a child belongs to its mother’s clan, not in the sense that she or he is owned by the clan, but in the sense that she or he belongs within it.† (p. 238)Modern feminist viewpoint will consider the information that the have received through different information channels. The foremost of these channels are the narratives that are written by Anglo-European writers. For example the narrative of Gunn describe Kochinennako as cause of conflict and thus maligned the woman character in the tribal society but Paula is of the view that truth is different from what a modern feminist takes from Gunn’s narrative. She asserts that from a native point of view, Kochinnenako is serving as a social tool in the narrative and â€Å"it is through her ritual agency that the orderly, harmonious, transfer of primacy between the Summer and the Winter people accomplished.†(p. 238) So she is a dominant force according to Keres viewpoint that enables the society to create harmony and balance in the tribal life.Paula further sustains the viewpoint that a modern feminist will read a Gunn’s version of a story, will consider tribal society as patriarchal and male-centered   in which Kochinennako marries an indifferent and violent person against her will. Her will or approval is not considered necessary. So tribal society   bvdoes not take into account the feminine feelings and their ultimate right to choose. A rather radical supposition that will come out of this reading is about the abuse of power where common folk is afflicted with pathos and miseries due to Kochinennako’s â€Å"unfortunate alliance†.Paula further illustrate that these interpretations of Gunn’s story are not in align with tribal soc io-economic patterns and structure of Keres but rather it’s manifestation of Anglo-European tradition that are forcefully and/or wrongly implied to the tribal structure of Keres. She further asserts that it is the narrative structure of the Gunn’s story that is woven in a way â€Å"to confirm a feminist’s interpretation of the tale as only another example of low status of women in tribal cultures.†(p. 235) Gunn’s narrative version itself is tampered with Anglo-European sexist, classicist and racist notions and concepts.Consciously or unconsciously, these notions and other related values are immersed in the mainstream tribal thought in a subtle way that an ordinary reader can not detect them. Furthermore, the linguistic inability of one language to transmit the concepts and values of another culture is another problem that renders alteration to the cultural concepts of one culture. Paula says in this regard, â€Å"So while the problem is one of tra nslation, it is not simply one of word equivalence. The differences are perceptual and contextual as much as verbal† (p.225) Third factor that further deteriorates the situation is non-understanding of a proper contextual framework in which values, rituals and traditions operate.To understand a tribal narrative it is mandatory to comprehend its contextual framework. So Paula assumes that Gunn’s version is tampered on the same pattern and his story contains notions of â€Å"Christianization, secularization, economic dislocation† patriarchal tradition of Anglo-European life etc. together â€Å"with linguistic inequivalence and lack of contextual understanding. Or this purpose she provides the example of Hiut-cha-mun-ki-uk. Guinn has translated this as â€Å"broken prayer stick† but Paula says that it originally means â€Å"——-. Furthermore, Gunn is unable to provide cultural assumptions and orientations related to these terminologies. Thatâ⠂¬â„¢s the reason that these terminologies are perceived in wrong connotations.Paula further says that Gunn has neglected the broad contextual framework in which the whole story operates. This narrative version is related to a ritual that celebrates the seasonal change i.e. the coming of Summer. Additionally, as this story is taken from yellow woman story, and;  Ã¢â‚¬Å"[t]he themes and to a large extent the motifs of these stories are always female-centered, always told from Yellow women’s point o f view. Some older recordedVversions of yellow woman tales (as in Gunn) make yellow woman the daughter of the hocheni’s. Gunn translates Hocheni as â€Å"ruler†. But Keres notions of the hicheni’s function and positions are as cacique or Mother Chief, which differ greatly from Anglo-European idea of rulership.†(p.226)Paula further reinforces the idea that woman has a special place in the Keres of Lagua and Acoma Pueblos. Yellow woman is regarded as an ep itome of certain extra human abilities. Paula elaborates that â€Å"in many ways Kochinennako is a role model though she possesses some behaviors that are not likely to occur in many of the women who hear story†. (p.227)   Paula wants to imply that her feminine character is different not only on the chronological basis but due to a different concept of woman hood in the tribal societies of Native American. So distortions and immersion of western thought in the narrative of Gunn also blur the vision of Modern feminists who consider a different view of â€Å"women status in the tribal life† that has nothing to do with real tribal society and its feminist notions.Paula assertions seem valid about the distortion of contextual framework and its negative effects on the feminine perception of tribal women life. She thinks that incapacity of Western mind to understand and interpret the true tribal mindset and values pertaining to feminism in particular and other socio-cultur al phenomenon â€Å"because they are generally trained to perceive their (tribesmen) entire world in ways that are alien to tribal understandings.† (p. 243).Her point of view about the linguistic tampering due to various mentioned facts is also convincible. But sometime she draws upon far-fetched arguments to prove her point of view. The tribal society as depicted by her illustrations of Gunn’s narratives, clearly manifest a balanced and just society where both male and female members of the community are on equal terms. Although particularly in the domestic sphere they have dominance but they are absent from other aspects of mainstream social life. However, the arguments of Paula contain logical assumptions. But the supposition about the difference between modern feminist concepts and â€Å"tribal feminism† due to the misconception due to biases of the narrator and narrative structure is valid and authentic.   

Hypothetico-Deductive Modeling to QA - 1267 Words

Hypothetico-Deductive Modeling to QA The Hypothetico-Deductive model is considered by some to be the hallmark of scientific research methods. The model is predicated on obtaining information in an effort to confirm or reject the hypothesis developed. This methodology requires the researcher to ask questions, hone in on the issue through preliminary research, formulate hypothesis and measurements, test, draw conclusions, refine and report. In order for the model to be effective the question being addressed by the researcher must be testable. This means there is practical feasibility of producing counterexamples. For example answering the question of â€Å"does God exist?† would not facilitate an appropriate use of the†¦show more content†¦Figure 1 outlines this iterative process (â€Å"Hypothetico-deductive method†): Hypothetico-Deductive Knowledge Advancement Understanding and use of this model can provide the business researcher with a decisive advantage when assessing information in support of critical decisions. Josà © Sacristà ¡n used this type of model in his research supporting â€Å"Exploratory trials, confirmatory observations: A new reasoning model in the era of patient-centered medicine†. His research supports using hypothetico-deductive reasoning as a basis for developing new pharmaceutical products (Sacristà ¡n, 2011). The current approach requires a new drug substance to undergo a series of rigorous clinical trials. These trials serve to confirm patient outcomes in support of new medicine availability. Typically a single dosage is approved in support of the aggregate population afflicted with an ailment. Josà © Sacristà ¡n has expanded on the presumed single dose theory using the hypothetico-deductive model where clinical trials would serve as the exploratory phases with confirmation occurring through observ ations. In practice the trial would serve to disaggregate patient populations so that medicines could be tailored toShow MoreRelatedA Rational Analysis Of Human Behavior Based On The Theory Of The Environment3058 Words   |  13 Pageswith the meanings of ‘everyday rationality’ and ‘formal rationality’ and the relationship between the concepts. ‘Formal rationality’ is the familiar rationality of logical and mathematical reasoning. It is defined in terms of formal approaches to deductive and probabilistic reasoning that are paradigms for normative rationality (Chater and Oaksford, 2002). ‘Everyday rationality’, on the other hand, is the common sense, ordinary kind of rationality that human beings exhibit on a regular basis (Chater