International real estate market essay

International real estate market essay International real estate market essay International real estate market essayInternational real estate market is one of the most attractive investment options for SMEs. Although the market itself is perceived as one of the most secure ones, there are both risks and opportunities associated with emerging real estate markets. Emerging markets became more attractive for SMEs after the U.S. housing crisis of 2007-2008 (Howard, 2010). However, taking into account higher risks associated with marketing strategies and policies in emerging countries, the optimal strategy for SMEs is to diversify their real estate investments or to purchase real estate and resell it in the short- or medium-run period. It should be noted that many countries have favorable regulations aimed at boosting the housing market and allow SMEs to purchase and sell out property.Most buyers of real estate belong to middle and upper class, and the proportion of upper class buyers recently increased due to the recession which took place in 2008 while middle-cl ass buyers chose to save instead of investing (Howard, 2010). The major number of real estate purchases is made by home owners for personal use; the remaining purchases are made for SMEs and wealthy individuals for resale and sometimes for rental purposes. There is also a category of buyers who belong to emerging economies but tend to invest into real estate in developed countries.European real estate market is largely characterized by purchases for local purposes, while real estate customers in Russia, China and in the Middle East are very active and tend to purchase property abroad (Van der Borght, 2012). European SMEs prefer to purchase real estate in Spain, Greece, Cyprus and in French Riviera. The criteria for choosing real estate among European SMEs are taxation, recreational opportunity and safe environment. In general, the preferences of European buyers from different countries such as Germany, Norway, Sweden, the UK, Finland and Netherlands are similar.Russian SMEs seek for expensive real estate purchases the number of affluent Russian customers searching for luxury real estate above â‚ ¬2 million increased to 8% (Van der Borght, 2012). Russian customers focus on the following countries: Bulgaria, Spain, Turkey, Montenegro, Italy, Cyprus, Germany, Greece and France (Van der Borght, 2012). Key psychological factors driving the purchases of Russian buyers are the prestige of foreign possessions and the need to secure investments against political and economic instability. The criteria for purchasing real estate for Russian SMEs include proximity to well-developed European countries, personal experience and opportunities for tourists.Chinese SMEs also demonstrate strong interest to real estate overseas, primarily due to heavy regulations and control measures used for the internal real estate market. Statistics shows that 30% of Chinese home buyers started looking for overseas real estate (Dunning, 2008). In particular, the investors from mainland Chi na and Hong Kong constitute 10.8% of real estate seekers in the United States (Garvin Artermis, 2009). Chinese SMEs also actively purchase real estate in Australia and Europe and are most attracted to countries with large Chinese diaspora. Chinese buyers pay a lot of attention to educational opportunities for their children, and view investments into real estate overseas as a means of securing their future and the future of their relatives in the case of problems in China.Middle Eastern real estate buyers express notable interest to the European market and moderate interest to the real estate market in the United States. Middle Eastern SMEs prefer purchasing premium segment real estate objects. Customers from Middle East pay significant attention to the UK real estate market, primarily due to the historical links created between Middle Eastern countries and the UK in the colonial era. For Middle Eastern buyers, the prestige of the location and the neighborhood are very important re al estate characteristics.Regarding Cypruss position in real estate market, it is possible to assess it as emerging. The country is now challenging real estate positions of such market leaders as Spain and Greece. While Spain is viewed as a more expensive investment location and Greece is perceived as the economically unstable market, Cyprus emerges as an important real estate player with reasonable real estate prices and sufficient level of economic development. Although Cyprus is located relatively far from key European countries, its integration with the EU made real estate market more attractive for European buyers. Russian buyers also demonstrate notable interest to real estate in Cyprus. Further improvement of economic situation and social stability combined with loyal fiscal policies and encouragement of foreign investment will attract more international customers to Cyprus and fuel real estate market.

What You Should Know About Unequal Treaties

What You Should Know About Unequal Treaties During the 19th and early 20th centuries, stronger powers imposed humiliating, one-sided treaties on weaker nations in East Asia. The treaties imposed harsh conditions on the target nations, sometimes seizing territory, allowing citizens of the stronger nation special rights within the weaker nation, and infringing on the targets sovereignty. These documents are known as unequal treaties, and they played a key role in creating nationalism in Japan, China, and also Korea.   Unequal Treaties in Modern Asian History The first of the unequal treaties was imposed on Qing China by the British Empire in 1842 after the First Opium War. This document, the Treaty of Nanjing, forced China to allow foreigner traders to use five treaty ports, to accept foreign Christian missionaries on its soil, and to allow missionaries, traders, and other British citizens the right of extraterritoriality. This meant that Britons who committed crimes in China would be tried by consular officials from their own nation, rather than facing Chinese courts. In addition, China had to cede the island of Hong Kong to Britain for 99 years. In 1854, an American battle fleet commanded by Commodore Matthew Perry opened Japan to American shipping by threat of force. The U.S. imposed an agreement called the Convention of Kanagawa on the Tokugawa government. Japan agreed to open two ports to American ships in need of supplies, guaranteed rescue and safe passage for American sailors shipwrecked on its shores, and allowed a permanent U.S. consulate to be set up in Shimoda. In return, the U.S. agreed not to bombard Edo (Tokyo). The Harris Treaty of 1858 between the US and Japan further expanded U.S. rights within Japanese territory, and was even more clearly unequal than the Convention of Kanagawa. This second treaty opened five additional ports to US trading vessels, allowed U.S. citizens to live and to purchase property in any of the treaty ports, granted Americans extraterritorial rights in Japan, set very favorable import and export duties for U.S. trade, and allowed Americans to build Christian churches and worship freely in the treaty ports. Observers in Japan and abroad saw this document as a portent of the colonization of Japan; in reaction, the Japanese overthrew the weak Tokugawa Shogunate in the 1868 Meiji Restoration. In 1860, China lost the Second Opium War to Britain and France, and was forced to ratify the Treaty of Tianjin. This treaty was quickly followed by similar unequal agreements with the US and Russia. The Tianjin provisions included the opening of a number of new treaty ports to all of the foreign powers, the opening of the Yangtze River and Chinese interior to foreign traders and missionaries, allowing foreigners to live and establish legations in the Qing capital at Beijing, and granted them all extremely favorable trade rights.   Meanwhile, Japan was modernizing its political system and its military, revolutionizing the country in just a few short years.  It imposed the first unequal treaty of its own on Korea in 1876.  In the Japan-Korea Treaty of 1876, Japan unilaterally ended Koreas tributary relationship with Qing China, opened three Korean ports to Japanese trade, and allowed Japanese citizens extraterritorial rights in Korea. This was the first step toward Japans outright annexation of Korea in 1910. In 1895, Japan prevailed in the First Sino-Japanese War. This victory convinced the western powers that they would not be able to enforce their unequal treaties with the rising Asian power any longer. When Japan seized Korea in 1910, it also nullified the unequal treaties between the Joseon government and various western powers. The majority of Chinas unequal treaties lasted until the Second Sino-Japanese War, which began in 1937; the western powers abrogated most of the agreements by the end of World War II. Great Britain, however, retained Hong Kong until 1997. The British handover of the island to mainland China marked the final end of the unequal treaty system in East Asia.

Freinheit 451 Term Paper Example | Topics and Well Written Essays - 750 words

Freinheit 451 - Term Paper Example The book is an excellent piece that combines enchantment with enlightenment and awakens the imagination of humanity. Fahrenheit 451 is set in the twenty-fourth century and brings up a new environment where the media controls the people, in addition to the problems of overpopulation and censorship. An individual citizen is not readily accepted and the intellectual is seen as an outlaw in that society. In this society, television has taken up the common belief of family ties. The fireman has become an igniter of fire and destroyer of books instead of an insurer against fire and its dangers. Books are seen as evil and illegal because they influence people to think and ask questions about the way things are done in that society. The story begins with an incitement where Montag meets Clarisse McClellan. Montag works as a fireman who burns books for a living. One day as he walks home from work, Clarisse who introduces herself to him approaches him. Clarisse is young, beautiful, and energet ic. She presents herself as an antithesis of anyone that Montag has ever met as she engages in a conversation with him especially in things that Montag has never considered. She is very inquisitive and she ponders about things such as love, happiness and the contents of the books that Montag burns. This character fascinates Montag (Bradbury, 1967). Over the next several days, Montag encounters a series of disturbing events that begin with his wife, Mildred, wanting to commit suicide through swallowing a full bottle of sleeping pills. This is followed by a strange occurrence that he encounters as he responds to an alarm about an old woman who has a stash of hidden books. When he reaches there, the woman stuns him by choosing to be burned along with her books. A few days after this, he learns that young Clarisse has been hit dead by a speeding car. This heightens the dissatisfaction in his life and he begins to find a solution by reading books from the stash that he stole from the fir es he started. When Montag fails to report to work, his manger visits him at his home and explains to him that it is normal for a fireman to wonder what books give and he elucidates how books came to be burned. As Beatty explains, special interest groups and other minority groups laid their objections to books that offended them. Soon, all books were written with intent not to offend any person. He explains that this was not enough and the society as a unit decided to burn books instead of permitting differing opinions from authors. Beatty tells Montag to take 24 hours, read the books, and find out whether they have anything important and then give them off for incineration. This turns Montag into a long and frenzy night of reading (Eller & Touponce, 2004). When he becomes overwhelmed of reading, he turns to his wife for support but his wife prefers television to his company and does not understand why her husband takes the humiliating task of reading the books. When he remembers Pr ofessor Faber, he decided to visit him so that he can help him. Faber tells him that the value of the book is in the awareness of the life in them. He tells Montag that he needs the leisure to read them and the freedom to act upon the ideas of the books and offers to help him read. Faber will contact a printer to reproduce books and Montag will plant them in the residence of firemen to harm the reputation of the profession and destroy censorship. This leads to a completely

Tax Accounting Questions. Assignments Essay Example | Topics and Well Written Essays - 3000 words

Tax Accounting Questions. Assignments - Essay Example For example, the collection of fees in advance will be recorded in GAAP when it earned while according to tax accounting it will be considered as rent taxable income automatically. Another example is the recording of depreciation of fixed assets. Under the GAAP it asset will depreciated using different methods such as straight-line while under the tax accounting only one method is allowed known as MACRS. Under both the depreciation methods, the effect is on the net income. The difference resulting from both the accounting methods may cause differed tax assets or liabilities which can be transferred from one accounting period to the other depending on the financial situation of the company. Another difference between GAAP and tax accounting is the recognition of other revenues or items. For example, the revenue earned from municipal bonds is recognized as interest earned in GAAP whereas such revenues are exempt from federal taxes accounting. The filing status depends on an individual’s marital status and his/her family situation. There are five possible filing statuses. These are married filing jointly, surviving spouse, head of household, single, and married filing separately. Although there are five filing statuses, only four rate schedules or tax tables are used because surviving spouse and married filing jointly usually use the same rate. The characteristics that distinguish each of the filing statuses are based on four factors which also determine how much tax rate is applied to each of them. These factors are maintenance of household, having any dependents, marital status, and citizenship. The characteristic of a surviving spouse is that he/she has to maintain a household, have dependents such as a daughter or a son, the marital status remains the same for atleast two years and is a citizen. The tax rate is that same as that of

Civil Engineering Pesonal Statement Essay Example for Free

Civil Engineering Pesonal Statement Essay It was this quote by Theodore von Karman in my high school physics book that sparked my interest in engineering. Engineering allows for the designing and constructing of structures that most people could only dream of but they could not live without. From bridges spanning oceans to connect countries to artificial islands on which building complexes can provide housing for thousands of people. This notion is what made me want to become an engineer. I have always been interested mathematics and science since grade school, but it was in high school that my curiosity flourished when I joined an engineering program. There I learned about the different fields like electrical, structural, and robotics. But it was civil engineering that I pursued. Something that became evident when we were given the chance to build bridges from balsa wood which strengths would later be tested. Although my bridge was not the strongest, it was in the top five and the most aesthetically pleasing out of the twenty bridges that participated. That experience was enough to make me decide to pursue a career in civil engineering. Later when I entered college and began to take courses working towards my degree, I learned more about emerging new technologies which could benefit both the people and the planet alike. I am concerned about environmental issues which our world is currently facing and hope to use engineering to resolve these problems while also improving peoples lives. My mathematical skills also developed and I relish the opportunity of using these mathematical techniques to solve real-life problems. Studying further mathematics has proved more demanding than I anticipated, but I have found the extra challenge very rewarding. Furthermore, it has shown me the extent to which mathematics is ultimately present in every aspect of our lives. I am involved in extracurricular activities. In 2010 I joined Sigma Alpha Lambda a national leadership and honors organization and their local chapter. With them I have participated in Relay for Life and Food Fight Against Hunger. Two national initiatives aimed at fundraising and bringing awareness to cancer and hunger respectively. For Relay for Life I helped to decorate our team campsite according to the theme that year and for Food Fight Against Hunger I helped collect can foods as well as monetary donations. Outside of school I am also involved in my church. There I serve as a Sabbath School teacher for children in pre-K and kindergarten and as a general volunteer. My responsibilities range from helping the children learn songs to helping organize a blood drive, but also as a congregation we go visit elderly folks in a retirement home and volunteer at a shelter to feed the homeless on a monthly basis. Engineering offers us the chance to make the world a better, safer and more exciting place; this is what attracts me to the subject. I am confident that the challenges offered by civil engineering appeal to me and will inspire me to do great things. Engineering has always been fundamental in developing the world and is a field in which I would love to be involved.

Government: Less is More Essay -- Argumentative Persuasive Topics

Government: Less is More      Ã‚  Ã‚  Ã‚   Land of liberty, land of freedom, a land by, for, and of the people. Have you honestly ever affected one word the government has spoken? Do you do anything in daily life without the subtle involvement of Uncle Sam? Everything you see and use is government approved, or else it is illegal to use it.    There are many groups adamantly protesting, or rather complaining, about the amount of control the government has. I am not of the belief that the government is out to get us and we should buy as many weapons as possible to fight them off. I also don't believe we should not obey laws because we are not happy with them. I do feel, however, we need to become aware of the problems we face because of this excessive control. Let's look at some of these problems.    First of all, our government knows more about us than we know about ourselves. They have access to virtually any information they could ever want. There is no apparent harm in this, but why is it necessary? And if it is, maybe we should change our programs so it's not. There is a potential, a highly unlikely one I will admit, for our government to take advantage of that information to our detriment. Why take the chance?    Most of the areas our government has too much control over involve money. For example, the welfare system in our "free enterprise" society is simply the government taking our money, whether we want to give it or not, not to mention how much of it they want, and distributing it as they feel best. I can understand the need for welfare during the depression. It was a plan of action for a time of crisis, and it worked. We have been out of that crisis for seventy years. I think it's time to change. Our curr... ...y, yes. Respectfully, of course. Nonviolently, absolutely. But when told how to think or how to behave we don't. We disobey social protocol that stifles and stigmatizes personal freedom. I learned the awesome power of disobedience from...every great man who led those with right against those with might." (Heston) Works Cited    Belz, Joel. "Wrong Without a Remedy." World. Nov. 20-27, 1999 Center on Budget and Policy Priorities. "Major Provisions of the Welfare to Work Legislation." CBPP Web Page. Cbpp.org/609wtw.htm, URL#325298, 6-9-98. De La Rocha, Zach. "Snack Charmer." Evil Empire. Sony Entertainment 1996. Heston, Charlton. "Winning the Cultural War." Speech given to Harvard Law School Foru. Feb, 16, 1999 Orwell, George. 1984. New York, NY: Harcourt Brace Jovanovich, 1983 Thomas, Cal. "Outlaws and Their Guns." World. Nov. 20-27, 1999.

Wall Mart of the Internet

From â€Å"Earth’s Biggest Bookstore† to â€Å"everything to everybody† to â€Å"Wall Mart of the Internet† to â€Å"World’s most customer-centric company†, Amazon has been tagged with these kinds of labels by its customers and followers. The reason for these many labels is because of the Amazon changing business model. Starting from Single-product and an intermediary with little inventory in 1995-1997 to Multi-product, profit-making, customer-oriented, investor, Services provider in 2000 Amazon has been changing its business model according to market conditions.One indication of a smart company is to continuously change its business model; it is an indication of smart company and ultimately the smart management team. It is also an indication that the company is learning and adopting itself to the external and internal environment. Amazon is the clear market leader for the largest US e-retailing categories of books, CDs and DVD movies. In var ious consumers’ polls, when respondents are asked for their experiences of e-shopping, Amazon â€Å"streaked ahead† of all others as the world’s favorite e-retailer.This means that Amazon is the undisputed favorite on considerations such as convenience, reliability and customer service. Amazon has achieved worldwide success and brand recognition due to paying attention to extensive offline advertising, which helped the company to become one of only three dot. com brands in the Interbrand world league table. It is an illustration of the power of branding that Amazon is the world’s top e-retailer. Before the dot. com downturn in the spring of 2000, the word â€Å"Internet† keyed into what seemed pervasive optimism for a new century.It meant youth, new possibilities and an opportunity to break with traditional business and create new rules. However, in 2000 things drastically changed as many e-commerce start-ups failed to return expected profits and w ent bankrupt. After this came valuable lessons across e-commerce, and evidence for incumbent retailers that factors such as having an established brand provide significant advantages in e-retail and play a part in customer loyalty and increased profit. Analysis of dot.com failures and comparison with traditional retailers in the same industry, for example eToys, which folded in 2000 and was subsequently bought by an established toy retailer, vs. Toys R Us, which successfully opened an e-retail channel through collaboration with Amazon, has revealed several advantages for the established retailer. Newcomers usually build their initial strategy on attracting new customers through aggressive marketing, brand-building and advertising, which logically lead to massive expenses and cash shortages.Amazon, however, has an existing customer base and can build on brand values that are already in place. Amazon’s marketing budgets allow the company to attempt new online projects or busine ss lines, unlike many start-ups. Founder of Amazon. com, J. Bezos rejected the traditional model for retailing. Having known that the usage of Internet is increasing every year with gigantic steps, – some resources report about 2000% usage increase annually, – Bezos decided that his retailing model should be intrinsically connected to Internet.While opening new physical retail outlets can expand the geographical reach of a business and add convenience for consumers, retailing online not only carries these benefits, but also offers further returns that are more specific to online trading. Bezos put books as Amazon’s core product, because they almost ideally correspond for the model of e-retailing. Low unit price, low risk cost, easy to pack and ship, and finally in a high and growing demand, books have become a perfect solution for Amazon’s model. Now books are by far the largest e-retailing category in the US.Research carried out by many companies illustr ates that about 65 per cent of the purchases made by Web shoppers in the US consisted of books. For newly created company, the Internet had global reach and provided the opportunity to trade internationally. For Bezos, Amazon’s broad benefits included the ability to trade 24 hours a day and seven days a week, and operate with lower overheads in terms of staff and space, while more particular advantages included the ability to increase the number of customer â€Å"touch points† and build more personalized customer experiences, products and relationships.However, again for J. Bezos these e-retail advantages did not imply that an online presence is a recipe in itself for success; that kind of thinking was tried and failed with the dot. com boom and bust. Instead, if there was any recipe for successful integration, Bezos found it in variants of established business practices, such as an understanding of the strengths and weaknesses of the business, for example in relation to technology awareness, which is a good indicator of e-commerce success.Amazon’s mission and strategy is quite simply â€Å"to offer Earth’s Biggest Selection and to be Earth’s most customer-centric company, where customers can find and discover anything they may want to buy online and [we] endeavor to offer our customers the lowest possible price. † The company accomplishes this by operating six global internet sites: www. amazon. com, www. amazon. ca, www. amazon. de, www. amazon. jp, www. amazon. co. fr and www. amazon. co. uk.Through their zShops, auctions, affiliate program, [email  protected] and Amazon Marketplace programs, Amazon, and their sellers and partners, offer new and used collectibles and products in categories such as apparel and accessories, DVDs, electronics, computers, books, music, videos, cell phones, tools and hardware, the list is almost endless. In order to maintain quality, the company packages and ships all of its merchandis e. They also continue to negotiate volume deals with suppliers to meet their goal of lowering prices.Additionally, Amazon has formed partnerships and alliances with publishers, other on-line retailers, technology providers, either handling their web site operations or linking them to its virtual portal. As part of their diversification strategy, Amazon recently acquired Internet Movie Database www. imdb. com (IMDb), which is an authoritative source of information on movie and entertainment (Dennis et al, 2004). This acquisition is one of many Amazon is making expand its product and service offerings.The company is also preparing to sell internet domain names and already has received the Internet Corporation for Assigned Names and Numbers (ICANN) approval. In order to improve customer service the company is investing in operational facilities, like its multi-lingual customer service support center in the Netherlands, to meet its rapid growth, increase selection and meet future operat ional needs while building efficiencies. This strategy helps Amazon increase its low profit margin, decrease its operational cost, increase customer response and order processing services and pass that savings on to the customer.Amazon strives to provide customers with the best possible online shopping experience by leveraging their powerful and innovative technologies. Part of the company’s competitiveness lies in their proprietary technology, which is licensed to companies like Target to run their e-commerce site. Its patented portal technology allows the customer to customize their on-line experience with personalized home page, product recommendations, email notifications on orders and new products, the ability to post reviews, 1-click ordering, search functions, up selling, and secure shopping cart functions, to name a few.Furthermore, they use technology to drive customer relationships. As an example, the company uses pop up daughter windows to quiz customers about Amaz on. These pop up windows survey the customer about Amazon related facts and in return the customer can get up to . 25 cents a day put in their account for answering questions. Building on this use of technology the company recently received patent approval and plans to add a chat function to enhance the customer experience and help consumers find products through each other.Through its Web Services development and affiliate program it encourages web site owners and developers to create applications capable of interacting with Amazon’s catalog, search engine, shopping cart and merchandising tools. In an effort to remain competitive and preempt new technology Amazon has an ongoing program to develop, update and add software and hardware including partnerships like it’s recently inked deal with Google. com. This will allow them to avoid service disruptions; slow response times, poor levels of customer service, and delays in information delivery.Amazon uses its proprietary technology to transform the online purchasing experience into the easiest and most enjoyable shopping experience online. The site communicates to the customer a visual feel of being in a one stop shop where they can find and purchase virtually anything they want. The site loads quickly, is easily navigated, allows the customer to instantly see an array of products, and provides a host of other customer driven enhancements designed to drive customer satisfaction. Amazon’s site conveys to the customers they can have it their way, all day.And by placing its image on everything it touches Amazon continually reinforces its brand, making it one of the most recognized customer-centric brands in the world. For the first time in year 2000, Amazon management has set its focus on making profit. Again, it is an indication of nothing but smart, opportunistic management that utilized its strength to grow. It is very clear that Amazon management team is very focused. In order to meets its future targets, Amazon has implemented a restructuring plan.It will allow Amazon to reduce operating costs, reduce employee staff, and strengthen some of its fulfillment and customer service operations. According to the quarterly report released by amazon. com for quarter ended September 30, 2004 â€Å"There has been a steep decline in operating costs† (Amazon, Quarterly results, 2004). This has improved the performance of the company. Since its beginning, Amazon has adopted various e-Business model to increase its customer base and recently set its focus on making profit. Given below are the strategies adopted by Amazon.Amazon has a track recording of first gaining expertise in the market and then scaling into other areas. For example, Amazon started with a web-based bookstore model and after gaining expertise in various operations expanded to other segments and geographies. Another example is, after capturing the US market; it expanded its business to Europe, namely the U. K, France and Germany and then to Japan. One advantage of this approach is that the incremental costs to expand the business, whether to multiple product line or geographically are small.This strategy of perfecting before scaling helps in long-term survival and growth of the company. Since its beginning, Amazon has always kept focus on the needs of its customer and never lost sight of it. This gives Amazon a strong foothold of the internet retail business. Playing on this customer strength, Amazon has struck deals with industry leaders retailers Toysrus. com, Borders, Drugstore. com, and Target to help them draw customers to their Web sites, thereby giving birth to its services segment. Amazon is playing on its strength here and in the process creating a place for itself as a provider of e-tail services.Under Amazon’s cooperative model, the partners do not compete with each other and try to lessen each other risks. This cooperation represents a symbiotic relationship, where t he two partners do what they do best while depending on each other to eliminate respective weaknesses. On August 10 2000, Amazon and Toyrus announced a strategic alliance. According to the press release by Amazon â€Å"The two companies have entered into a strategic alliance under which each company will assume responsibility for specific aspects of the toy and video games and baby products stores.Toysrus. com, in collaboration with its majority shareholder, Toys â€Å"R† Us, Inc. , will identify, buy and manage inventory; Amazon. com will handle site development, order fulfillment, and customer service, housing both Toysrus. com's and its own inventory in Amazon. com’s U. S. distribution centers† (Dennis et al. , 2004:118). This alliance helped Amazon in eliminating its inventory risk, as it does not have to purchase or store any toys until the customer have ordered and paid for the goods. Under Amazon’s coopetitive model the two parties act as provider and customer.Both the parties compete with each other but one party tries to lessen other risks and in return gets the share of others business. On Apr 11, 2001 Amazon and Border announced strategic alliance. According to the press release by Amazon on Apr 11, 2001, â€Å"Amazon. com will be the seller of record, providing inventory, fulfillment, site content and customer service for the co-branded site. The new site will continue to offer content unique to Borders. com, including store location information and in-store event calendars† (Prior, 20001:6).In this case Amazon will continue to sell books on its own, but will also provide services to Border. In return Amazon will get a share of every sale by Border. According to an article on Informit. com â€Å"The Click and Brick model allows an existing offline business to profit from partnering with an emerging online presence†. [5] In this regard, Amazon has struck a deal with electronic retailer Circuit city. This wil l give the customer, the advantages of picking up their purchases from hundreds of stores rather then paying for shipment charges.Amazon will receive a share of the revenues for all Circuit City electronics goods sold through Amazon. Amazon will be responsible for processing the transaction while Circuit City will be responsible for order fulfillment and product-related customer service. In all these cases, Amazon is extending its channel expertise in Web retailing to â€Å"e-nable† other retailers. With a full year’s experienced retailers under its belt, Amazon is set to scale the service model. The Borders and Circuit City deals are important steps in that direction.The coopetitive model is converting Amazon into a â€Å"product-less platform provider†, directly impacting its bottom line, with no inventory costs. The business model adopted by Amazon has given it a boost in its online business. By making strategic alliances with the industry leader and making t he life of customer has made Amazon a profit making company. According to 2004, financial results Amazons’ â€Å"Operating cash flow was $567 million for 2004, compared with $392 million for 2003. Free cash flow grew 38% to $477 million for 2004, compared with $346 million for 2003.Common shares outstanding plus shares underlying stock-based awards outstanding totaled 434 million at December 31, 2004, compared with 433 million a year ago. Net sales were $2. 54 billion in the fourth quarter, compared with $1. 95 billion in fourth quarter 2003, an increase of 31%. Net sales, excluding the $85 million benefit from changes in foreign exchange rates, grew 26% compared with fourth quarter 2003† (Amazon, 2005). Amazon business model has steadily evolved and over the years the large retailers have realized the importance of Business-to-consumer e-commerce.In contemporary context, along with other e-commerce companies Amazon experiences several problems. Financial and marketing analytics indicate that due to increased online competition, Amazon is gradually loosing its market share. Experts and investors indicate that Amazon’s technology and content costs soared 59% in the quarter, while the company keeps spending heavily on marketing campaigns, free-shipping promotions and other marketing activities to attract customers to shop regularly on its site.It is not surprising that Amazon is spending estimated 60 percent of their revenue on numerous marketing activities and building an appropriate brand image. Amazon’s brand allows company to be known, distinct, and credible in the minds of existent and potential customers, consumers, and stakeholders. Amazon’s brand facilitate the building of relationships with existing and potential customers, consumers, and stakeholders. In addition, company’s brand communicates the benefits offered to buyers and stakeholders that embody the value system of the company.Due to increased online comp etition, the brand image strategy utilized by Amazon is justified because it helps to retain existing customers and to attract new ones, gradually making them returning. For every business, particularly online e-retailing, good customers’ returning rate is an indication of a healthy business. That’s why Amazon should pursue this aggressive marketing and branding strategy to keep its customers. Many analysts discuss merger opportunities for Amazon. The merger will help Amazon. com expand the market share in E-commerce and create a new passageway.For instance, Amazon. com can merge with Wal-Mart, which has $26 billion market value and only $756 million debt. Now Wal-Mart is interested in E-commerce and online shopping. If Amazon. com merges with Wal-Mart, they will become the largest retail company in E-commerce. Amazon. com will also increase its market share. In addition, after the merger, Amazon. com can gain more marketing resources from Wal-Mart to create a new sale s passageway. For instance, customers can purchase the products from Amazon. com on the Internet and pick the items, or return them at Wal-Mart.It will provide additional choose for customers. The merger may help Amazon to create new customers and products. Bertelsmann has $14 billion market value and the company’s strategy now is focusing on music retailing and book sales. Their business is related to Amazon’s business. The CEO of Bertelsmann is also trying to open their business in American market (Brynjolfsson & Urban, 2001). If Amazon. com merges with this company, it will gain the new customers from Bertelsmann. Furthermore, integrating the products from Bertelsmann, Amazon.com can create new products on their website. Finally, a merger can improve and cover the financial loss of Amazon such as net sales loss, long-dept and cash loss. For instance, if Amazon merges with General Growth Properties, which has 136 malls in 37 states and owns $2. 8 billion market value , Amazon. com can still keep the power of operation and exercise the new marketing strategies (Brynjolfsson & Urban, 2001). Moreover, Amazon. com can gain the financial support from this company to cover its long-debt $2 billion. In addition, the merger will help Amazon.com increase the financial resources such as the amount of cash flow, and also decrease the cost and expense of the company. Another future prospect is to invent a new E-business strategy. E-commerce is one way that people can trade on the Internet. This trading system is very important, but it is not the only thing that the e-commerce enterprises should focus on. Amazon. com is a giant in E-commerce and the company uses Secure Sockets Layer (SSL) to trade, but Amazon cannot make profits even though the company has very strong technological support.Some specialists point out that communication, resources allocation, and project management guarantees success in E-commerce. Effective communication, which can improve bu siness performance, is one of the objectives that Amazon. com should fulfill. Effective communication includes two aspects: internal and external. First of all, internal communication emphasizes negotiation. Necessary and correct information must be communicated precisely between the employees or the departments. Secondly, external communication emphasizes on empowerment and good timing.For instance, Customer Services is a department that helps customers to solve problems. They have to communicate with the customers and understand what the customers want and need, and then report to the departments or the board. If the customer service department has the power to react immediately from the problems of customers and has good communication and relationship with the customers, it will create more business opportunities for Amazon. com. The second key that helps industry to succeed in E-commerce is resources allocation. There are various resources in the enterprises such as human resour ces and customer resources.First of all, concerning human resources, Amazon. com should understand employees’ particularities and arrange them in appropriate positions. If the employees are set in the right positions, the company should become more efficient. Secondly, in regard to customer resources, Amazon should collect information, such as suggestion, complaint or demand from the customers and then try to improve their products or services to provide better services to the customers. If the services satisfy the customers, Amazon will create more and more opportunities and new customers in the near future.For example, new outsourcing strategies should be used to collect focus group to survey customers’ opinions. The third key that may become helpful for Amazon is project management. A successful E-commerce enterprise should focus on project management. Project management emphasizes teamwork (Epstein, 2004). There are many teams in the company and each team has its d ifferent project and goal. Each team also has its power to make the decision. The responsibility of the team is to achieve the product. The responsibility of the enterprise is to manage the teams and make sure that the projects can be finished effectively.Distributing the limited resources to different teams and projects is the great challenge to the project management. The best way to overcome this challenge is to emphasize effective communication and negotiation Amazon. com is now considered as the world’s largest e-retailer of books, CDs and DVDs. The Amazon’s web portal is user-friendly, enabling e-Shoppers to find books quickly by title, author or subject. Users can find their title in seconds from a few keywords. Synopses and contents lists are provided, along with a list of other relevant books.Amazon keeps a record of customers’ preferences and advises when new books likely to be of interest are published. During many years, Amazon is renowned for custom er service, security and fast delivery. However, in current business context, the company is loosing market share, though is still well-recognized leader in online industry. The company keeps heavily investing in its brand through aggressive online and offline marking, building appropriate brand awareness among its current and potential clients. References Amazon, Inc. (2004). Quarterly results, Available at < http://media. corporate-ir.net/media_files/irol/97/97664/reports/91338ACL. pdf> Amazon, Inc. (2005). Press release Q4 Financial Results, Available at < http://media. corporate-ir. net/media_files/irol/97/97664/news/Release_Q4_04. pdf> Retrieved June 5, 2006 Dennis C. , Fenech T. , Merrilees B. (2004). E-Retailing, Routledge, London Brynjolfsson E. and Urban G. (2001). Strategies for E-Business Success, Jossey-Bass Epstein M. (2004). Implementing E-Commerce Strategies: A Guide to Corporate Success after the Dot. Com Bust, Praeger Prior, M. (2001). â€Å"Amazon to Operate Borde rs. com. † DSN Retailing Today, May 1, 40(9): 6.

Planning for Management Information System

The biggest challenge and most critical success factor in reengineering projects are persuading the people within the organization to cooperate. When you begin to computerize a legacy system considers the advantages; reduced clerical cost, quicker processing time and improved customer service. Everyone knows that the computer capabilities alone make life a lot easier for all managers. The advantage of time and accuracy spread over the lifespan of the information system means improved long-term vision and focus for top, middle and lower managers. A management information system (MIS) focus is on information that management needs to prepare its job. This task becomes much more difficult when the major players have a tradition of high independence, are often confrontational to management, and are irreplaceable independent contractors. CIO's in major business organizations face exactly this situation; further complicated by the fact that the reengineering effort is crucial to the continued existence of the organization. Such discussion has driven the software industry to focus attention on software specifically designed to support the team approach essential to most service and customer oriented organizations. The importance of teamwork can not be over emphasize in achieving overall organizational goals, and the need to capture and manage an organization's knowledge base remain crucial. This teamwork enables the organization to achieve and sustain competitive advantage in their business. In considering the framework for an information system (IS) each level operational, tactical and strategic planning requires different IS. At the operational planning system, the IS collect, validate and record transactional data relating to acquisition or disbursement of resources. The data for account receivable and payables, payrolls, inventory level, shipping data, printed invoice and cash receipts recorded as they occur. The operational-level IS characteristic are repetitive, predictable, emphasizes the past and detailed in nature just to name a few. The focus of the operational system is the daily tasks performed at the user level. The operational level manager uses this data to check every day tasks, i. e. ordering, shipping, inventory control, the essence of the business processes. The second level in the framework is the tactical system. This system provide middle-level managers with information to monitor and control operation while allocating their resources efficiently. The data is summarized, aggregated, or analyzed with a wide range of reports, i. e. , summary, exception and ah hoc reports. The tactical information system differs from operational information system in the basic purpose: operational support the execution of tasks and a tactical information system supports a manager control over those tasks under their area of supervision as well as the allocation of resources to meet the company objectives set by top management. The data input and the information produced as outputs differ from the type of data involved, tactical characteristics are periodic in nature, with unexpected findings, comparative in nature with both internal and external sources. The tactical information system purpose and the regularity of report produced within the information system are drastically different from an operational system. The third level in the framework is strategic planning, designed to provide top managers with information that assist them in making long-range planning decisions for the business. The different in strategic and tactical are not always clear, because both types of information systems may use some of the same data, you might say that the systems sometimes overlap with the difference being in the data that the system uses. Typically, top management uses strategic planning system to forecast long-range company objectives. The characteristics are ah hoc basis, unstructured format, external source, and subjectivity, summary and predictive in nature. A MIS provides information for effective planning and tactical decision making, which is the foundation of operational level data system. A tactical planning system provides middle-level management with the ability to monitor and control resources. The tactical information system does not support the execution of operational tasks, but allow managers visibility over the operation. Information systems are costly, to deploy and maintain, yet the maximization of economic value of IS in the long-run balance out over the initial set-up cost. The right software products enable teams of people to integrate their knowledge, work processes and applications to achieve improved business effectiveness. It has been suggested that the implementation of such technologies is more difficult and yields more unintended consequences than is typically acknowledged. First, how such technologies are used reflect the effects. Second, how these technologies are likely used when alternative tools co-exist, meaning predictability is difficult from technological characteristics. Third, because people use groupware with other people, one person's choices about how to use groupware may have consequences for other group members, user satisfaction. The measurement for an effective MIS must be the users; usage and satisfaction have a strong correlation. Obvious, the effectiveness of MIS depends upon the use of the system and if the employees accept it. The information system department, managers and users together make the MIS process successful. The managers implement the MIS, their behavior and motivation play an important part in the variables for the system to be effective. Each designed MIS produce information for decision making throughout the organization. Let†s examine several case studies with the implementation of MIS as seen in three distinct companies, an insurance company, a food marketing company and a social service agency. The insurance company normal routine consisted of tons of policy paperwork generated daily to accomplish the company objectives. The company started on line systems supporting policy screening, creation and issuance in the 70†³s. An employee could key in new application information at his or her computer terminal, after the compilation of information an underwriter can evaluate the insurability of potential customers. After the approval process, the information system produces a policy data sheet. This business process makes it possible to handle inquiries from individual policyholders and sales agents seeking personal data information about policyholders. The home office linked to all locations of their sales agencies allowing sales agents to inquire on-line about policies with the capability to edit application information at their site. The home office can still update policies as well. Yes, this service provides the agencies with a competitive advantage in product marketing and customer service. The home office outsourced and purchased software that enable the sales agents to analyze alternative companies† product and service options, resulting in winning the customers† loyalty and a quicker sales. The company continues to grasp the future for innovations and anticipating their customers† needs in the future. This approach along ensures valuable information for the senior-level management to plan as well as reduce overhead cost with improved productivity and better decision-making ability. Next, let look at the food industry and view how information system improved their process. The MIS geared toward physical distribution at the operational level, where update orders and invoices sent to the distribution centers and the system updates the account receivable and associate system files. The system prints invoices at the origin and destination location, resulting in reduced cost and faster payments equal more cash flow. The food company produced numerous reports that enabled the managers to conduct on-line credit checks from their account receivable status report, and identify delinquent accounts, before shipping the merchandise to the distribution centers. The customer services personnel have immediate access to open account allowing for immediate visibility and response to customer inquiries about deliveries and shipments, similarly cash payments received automatically applied to customers† on-line account. Let us not forget to look at the marketing advantages with MIS as well. Sales analysis reports reflect the customers† history product information file; this data generates report by product line in each territory each month for middle-level managers to forecast demands for any specific product item. Normally, this begs the question about production and if the company can continue to support the demands of the customers. At this junction, the IS gives managers additional insight about demand and the need to forecast for future buys. The company established a bill-of-material file, which computerized the ingredients for each product line and created batch size for all products. This process minimized the work process and improved the manufacturing ordering process for each customer batch orders. The product specification file served as the database of reference information enabling the manager the ability to print text on all purchase orders. The text file produced a finished goods inventory, which is transferred to the branch warehouse stockroom in various locations; this information is based on sales analysis report (demand). In the finance and administration department, the updated account receivables correlates with customers' billing and cash receipts. A monthly exception report generated from the aged balances spits out a collection letter automatically to the respective recipients at specified intervals. The MIS enabled the food marketing company to process orders more timely, manage inventories more efficiently and organize their production section. Bottom line cost savings of MIS results in more revenue and a better customer relationship and senior-level managers focusing their attention on emerging trends in the market. A social service department utilizes MIS in the public sector by providing financial assistance to the residences, i. . medical assistance, food stamps, facilitate foster home and adoption, day care, school service, family planning, housing and legal services. The MIS processes new applications and payments. The applicant applies and become eligible then the system creates an on-line record for them. The system automatically prints an identification card for the payroll master file that entitles the recipient to service for which the bill goes to the social service department. An on-line inquiry and update of the applicant record are also possible. The payroll master file sorts, generates the welfare check, and lists them on the payroll register, which generates historical report for managers. In all three case studies, the information systems support transactional processing. The user involvement in each of the project selection ensures the effectiveness of the information system and its acceptability. How do you measure utilization and performance in MIS? The term utilization is the extent that the intended users use the information system (IS) for its intended purpose. The term performance measures the improvement of the business process that supports the IS implementation. These measurements observed through business records, visual or electronic inspections and take the personal opinions and attitudes out of the decision-making loop. The multiple variables sometimes are difficult to identify, but the IS department must be impartial if the true value is realized of a successful IS project. A successful IS project can be measure best with psychometric tests of attitude, interests, and opinions such as user information satisfaction in the broadest sense. The performance measures of the business determine the effectiveness of the MIS. You can see that information technology give companies a competitive edge, once an information based service enters other company either catch up or eliminate the original innovator competitive advantage thus raising the stake for those participating in the marketplace. Today, company can link its customer to its order entry system, thus improving efficiency and improve business performance. Sure, an effective information system, if efficient reduces needless paperwork and allows the customer access to available stock information before committing to the purchase of goods and services. Let not forget about effective too, the information system provide better service to its customers, for instance, i. e. the creation of electronic travel supermarket through on-line reservation system, i. e. www. priceline. com or www. Travelocity. com, which is transforming the basis of competition within this marketplace. To compete efficiently in this world, companies must establish information partnership as an integral part of successful business processes.

What you can learn from the politicians writing mistakes

What you can learn from the politicians writing mistakes What you can learn from the politicians’ writing mistakes In case youve missed it, theres an election looming large here in the UK. But did the parties just throw away their opportunity to write manifestos that would win our hearts, minds and votes? If youve been on one of our courses, youll know that detailed document analysis plays a key part in all our training. So we thought it would be fun to put the party documents through a similar process. (Never let it be said that we dont know how to live.) And the result? Well, it looks like the parties need to radically overhaul their writing styles if they want to connect with voters. Read the full analysis and see how the parties shaped up against each other here. Image credit: Ballot box used as a donation box by George Parrilla used under CC BY 2.0 / cropped from original

The Pre-Trial Motions Stage of a Criminal Case

The Pre-Trial Motions Stage of a Criminal Case After it is decided that a criminal case will proceed to trial, pre-trial motions can be presented to the court that can influence how the trial is conducted. Those motions can address many different topics and issues. Pre-trial motions can address the evidence to be presented at the trial, the witnesses who will testify and even the type of defense the defendant can present. For example, if a defendant plans to plead not guilty by reason of insanity, a pre-trial motion must be made to the court and a hearing conducted to determine if that defense will be allowed. The same is true if the defendant pleads guilty but mentally ill. Each pre-trial motion can prompt a mini-trial before the judge in which witnesses can be presented. Most pre-trial motion hearings consist of the prosecution and defense making oral arguments to support their case, along with written arguments citing case law precedents. In pre-trial motions, the judge makes the final decision. There is no jury present. For each side, depending on how the judge rules, that ruling can be the basis for a future appeal. The defense can argue that the judge made an error in the ruling, affecting the outcome of the eventual trial. Pre-trial motions can address a broad range of issues. Some common ones include: Motion to Dismiss An attempt to get a judge to dismiss a charge or the entire case. If may be used when there is not enough evidence or when the evidence or facts in the case do not equal a crime. It is also filed when the court does not have the authority or jurisdiction to make a ruling in the case. For example, if a will is being contested, the case would have to be decided by a probate court and not a small claims court. A motion to dismiss the case based on lack of subject matter jurisdiction would likely be filed. Motion for Change of Venue Most often a request for a change of venue of the trial is due to pre-trial publicity. Famous Cases When Changes of Venue were Granted The four Los Angeles police officers charged with assault of Rodney King in 1991, had their trial moved from  Los Angeles County to  Ventura County.Oklahoma City Bomber Timothy McVeigh was granted a change of venue  from Oklahoma to the U.S. District Court in Denver, Colorado.Beltway snipers Lee Boyd Malvo and John Allen Muhammad had their trials moved from northern Virginia to Chesapeake and Virginia Beach, in southeastern Virginia. Motion to Suppress Evidence Used to keep certain statements or evidence from being introduced as evidence. Seasoned judges will not admit any statement or evidence into evidence that could serve as a basis for a reversal of a conviction. A motion to suppress evidence often addresses issues such as Evidence seized illegally.Confessions wrongly obtained.Statements improperly obtained.If there was probable cause to make an arrest. For example, if police conducted a search without probable cause (in violation of the Fourth Amendment), an attempt to suppress the evidence found as a result of that search might be granted. The Casey Anthony Case; Motion to Suppress Evidence Casey Anthony was found not guilty of first-degree murder, aggravated child abuse, and aggravated manslaughter of her child, Caylee Anthony. Judge Belvin Perry denied Anthonys defense attorneys motions to suppress statements made by Anthony to George, Cindy, and Lee Anthony, pen pal Robyn Adams and corrections officer Sylvia Hernandez. The judge also denied the defenses motion to suppress statements Anthony made to law enforcement because she had not been read her Miranda Rights. The judge agreed with prosecutors that at the time of the statements, Anthony was not a suspect. Although the defense motions to suppress evidence were denied, Anthony was found not guilty. However, had she been found guilty, the denial to suppress evidence could have been used in the appeals process to reverse the conviction. Other Examples of Pre-Trial Motions To challenge the search warrant issued in the case.To exclude some evidence gathered during the search.To exclude statements made by the defendant to investigators.To determine if expert witnesses can testify.To challenge expert testimony.To request a gag order in the case.

Personal narrative Term Paper Example | Topics and Well Written Essays - 750 words

Personal narrative - Term Paper Example As most of the people (say, who face certain psychological problems) used to say, I would like to point out that my problem is different from others. I am from Los Angeles, California. My problem stemmed out from the understanding that I am a biracial child. My mother is black and my father is from Romania (say, Romanian race). My parents were ready to love me like their own child. But my sisters were so jealous and teased me a lot (maybe, because of my skin tone). As a child, I suffered the same and used to shrink myself to my personal life. But Jean Lau Chin opines that family (private domain) is a safe place for a biracial individual but society (public domain) is not (Chin, 2009, p. 60). The support from my parents and teacher helped me a lot to acquire self-confidence. But I was well aware of the fact that one must try hard to have an amiable and amicable personality. The evolution of purpose and meaning of my life begins with my habit of reading. For instance, the Linguistic ca tegories trait helped me to realize myself as an individual. But I believe that our DNA decides our character. Besides, one’s personality is molded by cultural characteristics and family circumstances. As pointed, the real problem was my hesitation to accept my real biracial identity. As a biracial child, there was less similarity among my sisters, brothers and me. This bothered me a lot and my character and behavior became more rebellious and problematic. Once, my father asked me about the real problem behind my odd behavior. Then I revealed the problem which I had been facing. Then, my father asked my mother about the problem I had been facing in our family. Both of them told me that my identity as a biracial child is not a problem. They further added that I can overcome the problem because they are ever ready to help me. This incident helped to gain confidence. At my school, I was forced to face a number of problems from my classmates and school