Wednesday, August 26, 2020

Niche Company/Urban Outfitters Free Essays

The reason for this report is to examine the difficulties of setting up a business and the distinction between the significant types of business; especially, specialty advertises when contrasted with the bigger standard markets. Characterize three (3) challenges when setting up a business. Clarify why they are difficulties. We will compose a custom article test on Specialty Company/Urban Outfitters or on the other hand any comparable point just for you Request Now The three fundamental difficulties when setting up a business are: income, item flexibly and request, and HR. Contingent upon the kind of business, you will have the underlying expense of starting the business preceding any pay got from that business. What sort of item are you selling and is there a shopper interest for the item. At long last, staffing the business is likewise a significant concern. Contingent upon the sort of business, there will regularly be an underlying money venture. Property should be obtained from which you will work the business. The cost will rely upon the area, where you item will be sought after, regardless of whether you are buying the property or leasing; and the measure of area required. The property should be adorned so as to show the item and there is likewise the cost of the stock; work is additionally associated with finishing and loading the stock. Is it accurate to say that you are ready to do this without anyone's help or will people should be employed? Additionally, do you as the business owner have enough income to support your everyday costs during this time, when there is no or little salary accessible? Urban Outfitters Continuing Case Study: Creating a business. 2 The business started with a thought or item and the inquiry must be replied concerning whether it is popular. Shoppers must need the item all together for the business to succeed; if the buyer doesn't need the item, the business will fizzle. In this way, one must inquire as to whether the item sick be popular in the territory where the business will be situated; for instance, snow sleds would not be sought after on a tropical island. Starting a business requires a colossal measure of time and help is frequently required. Except if you limit your long periods of activity, it would be inconceivable for a solitary owner to satisfy all the hours required. From the outset, one may have family and additionally companions ready to contribute their time, however this will just keep going for such a long time. Recruiting representatives is a troublesome undertaking; one must ensure the individual is appropriate for the position. The people you recruit will speak to your business. Characterize what a specialty item is. Give at any rate three instances of specialty items. A specialty item is intended to speak to people with explicit interests, needs, and value run. A couple of instances of a specialty item would include: hefty size woman’s garments, import vehicle fix administration, and ethnic nourishments. Clarify why a specialty item may have a bit of leeway in a market. Would cost essentially be a bit of leeway? Clarify why or why not. Urban Outfitters Continuing Case Study: Creating a business. 3 Niche items or administrations are particular and serve a littler portion of the market. A specialty advertise aces an item explicitly, intended to serve just one sort of individual in the market. The bit of leeway is the specialty organization can concentrate on one gathering of shoppers. Cost may conceivably be lower; promoting to a littler gathering of people is frequently increasingly proficient and savvy. Be that as it may, creating a lesser amount with an appeal would have the capability of raising the cost. For instance, an imported vehicle proprietor wants a repairman gaining practical experience in imported vehicle fix. There is definitely not a popularity for this kind of fix administration; in this way, the cost for this administration would be higher. The more significant expense would not be worry for the imported vehicle proprietor since his primary concern is having his vehicle fixed effectively. Distinguish and clarify three reasons why clients would pay more for eliteness. 1) A restrictive item gives the feeling that it is extraordinary; in this way, people are eager to pay more for something that is exceptional or unique. 2) A selective item could be viewed as elusive or buy in light of accessibility making it increasingly exceptional. People need what another person will most likely be unable to acquire. 3) Individuals are happy to pay more for an elite item so as to dazzle others. The individual that is dazzled would discover an incentive in that thing. Urban Outfitters Continuing Case Study: Creating a business. 4 Explain how a specialty player works on a bigger competitor’s base. Give three instances of retailers who have done this. There are three regions in which a specialty player can work on a bigger competitor’s base: pursue an alternate method of conveying an item; give an excellent item or administration; and represent considerable authority in a one product offering. Barnes and Noble Bookstores convey their item in a particular manner. This book shop offers a wide assortment of books for the peruser; it would be uncommon for a client to be not able to locate a specific book. One can sit in a family room type air read their buy while having a cup of cappuccino or coffee. Used Books is a chain offering used books at an extraordinarily scaled down cost. This is a conventional method of looking for books since there is no thinking to where the books are retired and espresso is inaccessible. Mentor stores offer extravagant constrained plan purses estimated in the several dollars. A client strolling into the store is caused to feel as though they are the main individual there. Singular consideration is there for the asking causing every client to feel that her business is genuinely valued. Macy’s, a huge retail chain, additionally offers Coach purses; be that as it may, determination is restricted since the store likewise offers other fashioner satchels. Starbuck’s gives gourmet espresso; their statement of purpose is to give the best mug of coffee. They don't offer a food menu; their solitary item is the gourmet espresso. McDonald’s now offers cappuccino and other espresso drinks alongside their burgers and other menu things. Despite the fact that their espresso drinks are more affordable, it is certainly justified regardless of the cost of a Starbucks to have a decent mug of Java. Urban Outfitters Continuing Case Study: Creating a business. 5 Summary: Giant organizations consider specialty promoting to be less productive. In any case, for little scope organizations, which have quite recently begun with their undertakings, it tends to be truly beneficial. By focusing on a gathering of individuals with a particular interest your pay can take off. You are not contending with the bigger standard supplier. Along these lines, you will acquire more benefit with a lesser exertion by restricting yourself to that specific specialty showcase. Step by step instructions to refer to Niche Company/Urban Outfitters, Papers

Saturday, August 22, 2020

Impact of media such as video games, film and TV on the behaviour of Essay

Effect of media, for example, computer games, film and TV on the conduct of young people - Essay Example The manner in which the media has caught the hearts and the psyches of youngsters has made individuals believe that it will affect their everyday practice as well as their personal conduct standards and thinking designs. It is expected that brutality in media will cause youngsters to get vicious in nature. Numerous individuals accept and are persuaded that youngsters and adolescents will turn out to be increasingly forceful and will enjoy unlawful exercises on the off chance that they are presented to viciousness in media on a persistent premise (Freedman, 2002, p. ix). These convictions and fears about media viciousness affecting the youngsters adversely have been encouraged by cases of logical research led by analysts and wellbeing associations. In any case, the way that media savagery doesn't cause animosity has been demonstrated by many research concentrates in field of social brain science (Freedman, 2002, p. ix). Numerous inadequacies, similar to poor estimating of hostility, a bsence of fitting technique and inability to control the significant third factor, have been found in the bits of research that guaranteed that media savagery causes animosity in young people (Holder, 2012, p. 77). In any case, the antagonistic effect of savagery in media, particularly in computer games and TV programs, has been advertised such a great amount by the media that it has made dread in the brains of individuals. Individuals need to comprehend that there are a few beneficial outcomes of computer games and network shows that have been recorded through dependable research considers. It is the need of an hour to get profound into the theme. Rather than accepting simply a large portion of the story, individuals should put forth attempts to know every bit of relevant information. The dread that media savagery makes young people act in forceful way is unmerited as research examines have demonstrated that media can be valuable in building up certain physical abilities as well as help in the advancement of social and virtues. The effect of computer games Video games are viewed as one of the most hurtful screen based media of all. The way that one of the most famous media among youngsters and youngsters is the computer game has expanded the worry of grown-ups. It was comprehended that standard playing of computer games have prompted negative physical, mental and social impacts on players (Gunter, 1998, p. 15). It was likewise believed that the undesirable degree of pre-occupation with computer games and PCs can prompt improvement of habit in kids (Gunter, 1998, p. 15). In their examination, Linn and Lepper (1987) have revealed that instructors have discovered perceptibly increasingly rash and forceful conduct in young men matured 10 to 12 years, known to be normal computer game players, and with whom they had customary contact in school (as refered to in Gunter, 1998, p. 96). As per Anderson et al. (2010), a meta-investigation indicated that forceful practic es in players across culture, and sexual orientation is seen as expanding with playing of vicious computer games (as refered to in Holder, 2012, p.77). Be that as it may, differentiating claims were made by different research concentrates on the effect of media on adolescents. The connection between forceful conduct and computer games isn't set up in all the inquires about (Gunter, 1998, p. 96). In an investigation of people matured 12 to 34 by Gibb et al. (1983), no relationship was found between the proportions of threatening vibe or confidence in the subjects with the measure of guilty pleasure in the computer games they played (as refered to in Gunter, 1998, p. 96). Truth be told, an examination by Kestenbaum and Weinstein (1985) has

Wednesday, August 19, 2020

Trauma Informed Care for Institutions

Trauma Informed Care for Institutions Relationships Violence and Abuse Print Trauma Informed Care for Institutions By Sarah Lyon, OTR/L twitter linkedin Sarah Lyon, OTR/L, is a board-certified occupational therapist and founder of OT Potential. Learn about our editorial policy Sarah Lyon, OTR/L Updated on August 02, 2019 What Is Trauma Informed Care?. GettyImages More in Relationships Violence and Abuse Spouses & Partners LGBTQ An awakening has occurred over the past few decades in our understanding of trauma and how it affects well-being. We now understand that trauma is widespread and the impact of trauma runs deep. Across the health care and social welfare fields, people are beginning to adjust their practices, so they do not re-traumatize their clients and instead are part of the healing process. The movement is called trauma-informed care. If you’re among the many persons who have experienced trauma and feels it is impacting your day to day life, seeking out caregivers and institutions that are trauma-informed may help your healing process. Understanding the tenets of trauma-informed care can give you language for advocating for the best care. History Once you are introduced to the implications of trauma, it is hard to imagine mental health care without this verbiage and framework. Looking back at history you may see classic examples of PTSD in stories of soldiers or family members. It wasn’t until 1980 that post-traumatic stress disorder was included in the third edition of Diagnostic and Statistical Manual of Mental Disorders (DSM-III). That was the official mental health first diagnosis related to trauma. It marked the beginning of a much broader movement. In 1994, The Substance Abuse and Mental Health Services Administration (SAHMHSA) held the Dare to Vision Conference, which brought the discussion of trauma to the foreground. At this landmark conference, trauma survivors shared how standard practices in hospitals re-traumatized and often triggered memories of previous abuse. Since then the clinical research on trauma has grown rapidly. Like the Recovery Model, the movement has grown largely in part due to advocacy and systematic documentation by survivors of trauma. What Is the Working Definition of Trauma? Unfortunately, the avenues for trauma are broad and can affect people in all walks of life. Released in 2014, SAMHSA gave this definition of trauma: Trauma results from an event, series of events, or set of circumstances experienced by an individual as physically or emotionally harmful or life-threatening and has lasting adverse effects on the individual’s functioning and mental, physical, social, emotional, or spiritual well-being. Long-Term Implications   Trauma can affect almost everything about a person: their physical health, their brain development, their relationships, and their coping abilities. The research in this area continues to grow. We are now beginning to understand that the stage of development your brain is in when the trauma is experienced can impact how it will affect you. For example, if you undergo a trauma at age seven then the impact will likely be different from if you were 17. As we continue to learn more about the deep-seated effects of trauma, there is also good news. Research shows us that the impact of trauma is not written in stone. Your brain can continue to evolve and heal after trauma.   How Can Care Be Trauma-Informed? SAMHSA argues that a general understanding of trauma by some professionals is not sufficient to improve outcomes for trauma survivors. Trauma-informed care must be built into the fabric of company culture and recognized at all organizational levels. SAMHSA lays out four assumptions in this type of trauma informed care. Members of a trauma-informed system know that trauma is widespread, but there is potential for recovery.Individuals can be taught to recognize the signs and symptoms of trauma.Policies, procedures, and practices should be set with the trauma in mind.A trauma-informed system should resist inflicting re-traumatization. Instead of prescribing set policies, SAMHSA advocates that these six principles guide care: SafetyTrustworthiness and TransparencyPeer SupportCollaboration and MutualityEmpowerment, Voice, and ChoiceCultural, Historical, and Gender Issues

Sunday, May 24, 2020

Major Factors Affecting Demand For Any Market - 855 Words

Two of the major factors affecting demand for any market are (1) consumer tastes and preferences and (2) consumer expectations. The healthcare market is no exception to these two aspects. â€Å"People with low health literacy are more likely to report poor health, have an incomplete understanding of their health problems and treatment, and are at greater risk of hospitalization (Haun et al. 2015).† Health literacy could, if the consumer has an inadequate understanding, cause the miscommunication that leads to the consumer purchasing healthcare now rather than waiting for another option or a different time. Similarly, the consumer may misunderstand his/her healthcare options to believe that the healthcare needed must be purchased at that time because of the fear of a future price increase. On the contrary, a consumer with adequate levels of health literacy may understand the procedure and choose to wait until a later date when the price may drop, or they may understand that the options are not what is best for them and not purchase the healthcare. Jolie Haun et al. (2015), researchers studying the correlation of low health literacy rates and high healthcare costs among veterans, said: In this study, the estimated VA medical and pharmacy cost associated with veterans’ with marginal and inadequate health literacy for a three-year period, using mean values, was approximately $143 million dollars more than those with adequate health literacy. These data suggest 17.2 %Show MoreRelatedThe Supply Of Crude Oil1404 Words   |  6 Pageselevated beyond demand leading to a subsequent decrease in prices for the past few years. The price reduction of oil remained consistent and very low until a few months ago when the oil market underwent scrutiny for its high level of output. 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( Sprint, T-Mobile, Verizon, and AT T ) TheRead MoreMajor Pricing Strategies1486 Words   |  6 Pagesauthors answer the question of What is a price?, discuss the importance of pricing in today s fast-changing environment, identify three major pricing strategies, point out the importance of understanding customer-value perceptions, company cost, and competitor strategies when setting prices, and define the other important internal and external factors affecting a firm s pricing decisions. The authors remind us of that No matter what the state of the economy, companies should sell value, not priceRead MoreCategory Attractiveness Analysis1616 Words   |  7 Pages Page No. 1. Industry Overview amp; Analysis 3 2. Aggregate Market Factors 4-6 3. Category Factors 7-8 4. Environmental Factors 9 5. Conclusion 1. INDUSTRY OVERVIEW amp; ANALYSIS A laptop computerRead MoreEssay about PESTEL Analysis986 Words   |  4 Pagesmarketing is extremely challenging. Discuss the major political, economic, socio-cultural, technological, legal and ecological challenges that a global marketing manager may have to contend with? The following analysis known as the PESTEL analysis is a framework used to scan the organization’s external macro environment which refers to forces that are part of the larger society and affect the micro environment. Selling and marketing goods in the global market intensifies these issues and creates a largerRead MoreIndia Is A Global Agricultural Powerhouse Essay1548 Words   |  7 PagesINTRODUCTION India is a global agricultural powerhouse. Agriculture, fishery and forestry are the largest contributors to the Gross Domestic Product (GDP) in India. This however plays a major role in the Indian economy. It is the largest in the production of wheat, rice and cotton. Multiple factors have influenced the growth of India’s agricultural sector which includes the growth of consumption, household income and expansion in agricultural exports. There has been a rise in private participationRead MoreHow The Property Price Is Soaring And It s Pushing Local People Essay1567 Words   |  7 Pagesfact it’s one of the factor that is pushing foreign workers to leave their country to move to London. Therefore, a better income is a crucial factor in this debate. Many companies are paying a relatively conspicuous wage for their workers, which they require a certain level of qualification of skills, such as BNP Paribas, Facebook, SAP, EMC, McKinsey Company, Google, Nomura Internationa l, Cisco Systems. (source: Rodionova Z., Independent, 2016) Based on these data the major industry covered by

Wednesday, May 13, 2020

Obesity And The Adult Population - 1774 Words

In this literature I am going to be discussing how obesity can be treated in the adult population. The reason why I’m going to discuss this is because according to the world health organisation (WHO, 2011) obesity is one of the highest risks to public health. According to Kolodziejczyk et al (2014) the national estimates in 2009 indicate that over 40% of young adults in the United States were overweight or obese. This shows that nearly half of the population in the United States are at risk. The reason why they are at risk is because being overweight is related to many health problems such as heart disease, breathing difficulties, type 2 diabetes, certain types of cancer, osteoarthritis and metal illnesses such as depression and anxiety†¦show more content†¦However too lose weight you would need to have an imbalance in energy intake and energy expenditure with energy expenditure exceeding energy intake. WHO (2011) say that â€Å"physical activity is any bodily movem ent produced by skeletal muscles that requires energy expenditure†. From this we can understand if you get the energy expenditure and energy intake the same a person would not lose ore gain weight and this is why PA is important in preventing obesity but to treat obesity there needs to have the imbalance in energy intake and energy expenditure. The following studies are short-term interventions that last for 6 months or below that have looked at the effects that exercise has on body weight and what diet and exercise have on body weight. When these studies have been compared to each other they have found that the combination between diet and exercise have the greatest impact on losing weight. For example, Hagen et al (1986) conducted a study on 48 males and 48 females who were obese and there ages being equal to 36.6 years. The aim of their study was to compare the effects of exercise and caloric restriction for a 12 weeks period. In this procedure they split the males into four groups and the females into four groups. These groups were the same for both males and females. The groups were a Diet and exercise group (DE), Diet group (D), exercise group (E) and the control group (C). Hagen et al (1986) found that there

Wednesday, May 6, 2020

Strategic Analysis of Kingfisher PLC Free Essays

Essay Question 1. Identify the company’s most recent international expansion and use relevant frameworks in assessing how cultural differences may hinder the growth of sustainable competitive advantage within the region. 2. We will write a custom essay sample on Strategic Analysis of Kingfisher PLC or any similar topic only for you Order Now Using the company’s most recent financial result, analyse its financial ratios, share price performance, and how it has performed since the financial crisis. Abstract Since its establishment in the 1980s, Kingfisher Plc has grown from a UK-based multi-retail sector conglomerate to an international retailer focused on the rapidly growing home improvement sector, and is currently ranked 52nd in the FTSE index with a market capitalization of ?6,320 (DigitalLook website, 2011). Despite stumbling at the financial crisis, the Group has recovered strongly which is represented by their improving financial performance. With more 840 stores across eight countries in Europe and Asia, Kingfisher Plc isEurope’s leading home improvement retail group, and is the third largest in the world, with the Russian market as its next target. In light of this relatively recent expansion into Eastern Europe, this paper aims to consider the impact of cultural differences on the growth of Kingfisher’s sustainable competitive advantage withinRussia. The evidence suggests that Kingfisher’s experience in international forays and investing abroad mean they are accustomed to entering markets such asRussia, and are well equipped to implement FDI effectively to ensure their Russian venture will prove fruitful in the years to come. Introduction: Kingfisher in Russia The Kingfisher group is an internationally recognized power in the retail sector, ranked 52nd in the FTSE Index in terms of market capitalization, and has several well known brand names such as BQ, Castorama and Brico Depot along with well-established businesses in its domestic UK market, Ireland and France; the past decade has also seen growing exposure to fast-growing, developing economies such as China, Poland and most recently, Russia. Following on from the Group’s success in Poland, in the last 3-4 years Kingfisher decided to venture further into Eastern Europe by attempting to establish its home improvement offerings in the Russian market. In a bid to fulfill the Group’s growth and returns criteria, under its Castorama format, Kingfisher aimed to tackle the large, growing and highly attractive Russian market (not least due to the strong GDP growth, even stronger retail market growth, declining inflation and stable exchange rate) (Press release, 2004). After all, R ussia has 13 cities with more than 1m inhabitants with a population that is also enjoying high disposable income due to low taxes, utility charges and housing costs. Since 2008, the Group has set up 5 Castorama stores in Russia and aims to continue in that vein for the foreseeable future (Kingfisher Annual Report 2009). Impact of cultural differences on sustainable competitive advantage Although it poses a valuable opportunity with great potential, there are significant cultural differences between the Russian market and Kingfisher’s domesticUKmarket which present the firm with challenges, particularly in the workplace, that can lead to communication difficulties, varied expectations and ultimately inefficiencies that would serve to hinder competitive advantage. Perhaps the most important model to date for studying cross-cultural communication is Geert Hofstede’s framework that defines national cultural values via five dimensions : Power Distance Individualism Masculinity Uncertainty avoidance Long-term orientation The first, power distance, describes the extent to which the less powerful members of organizations (and indeed society) accept and expect the unequal distribution of power. Thus small power distance nations are more democratic whereas large power distance nations are more autocratic and paternalistic (Mishra, 2008). Figure 1 in the appendix shows us that Russiamaintains a relatively high Power Distance Index (PDI) compared to both the US(who share very similar cultural values to the UK) and also to the rest of the world. In fact following a study of 39 of the world’s leading global players, the UKwas ranked 30th in terms of PDI (Yates, 2005). Figure 1 also indicates that Russia has low individualism and is a less masculine culture. The former suggests that Russia has a predominantly collectivist culture, whereby people are integrated into cohesive and loyal long-term groups; the UK by stark contrast, is ranked the 3rd with respect to a highly individualistic culture with far les inter-personal ties, less sharing of responsibility and encouragement of individual personalities and affiliations. The latter similarly, demonstrates a significant difference in national cultures whereby Russia represents a more feminine culture with greater emphasis placed on relationships and equality, whilst the UK has a highly masculine culture which values competitiveness, ambition, and the accumulation of wealth and possessions. Russia has relatively higher scores than the UK in the final two dimensions demonstrating a high degree of uncertainty avoidance (UAI) and a strong orientation towards long-term objectives and ideals. A high UAI score indicates a low tolerance for uncertainty and ambiguity, with strict laws and rules to discourage innovative and deviant ideas, and resist change. On the other hand, British culture is far more accepting of alternative opinions and values differences and novelty. Unwillingness to adapt to change could prove particularly prominent for the Group’s expansion as in the past, the Russian home improvement market has for the most part, been dominated by small-to-medium, family-run businesses which offer products and services that are a far cry from the standardised offerings of large Western multinational retailers such as Kingfisher and Ikea (Leroux, The Times, 2009). The final dimension too, highlights another key difference in terms of British and Russian long term orientation. Russian society places greater importance on future rather than the past and present; thus key values are perseverance, thrift and shame. British society contrastingly, values actions and attitudes affected by the past and present, such as personal stability and creativity (MindTools website).[1] Also worth considering is the notion of psychic distance and critical role it plays in firm internationalization, as first put forward by Johanson Wiedersheim-Paul (1975) in their Uppsala Model of Internationalisation. The authors define this concept as â€Å"†¦factors preventing or disturbing the flow of information between firms and markets in terms of differences in language, culture, political systems, level of education, level of industrial development, etc.† The upshot of this concept is that when selecting a target market for international expansion, firms tend firstly to enter geographically proximal and culturally similar countries. Johanson Vahlne (2003) explained these patterns by maintaining that as a firm operates in a foreign market, it gathers experiential knowledge that enables it better identify and evaluate business opportunities and eventually make new market commitments. Its domestic British market is both geographically and culturally distant from the potential Russian market, yet Kingfisher has successful experience in international expansion into culturally diverse nations such asFrance,Turkey andPoland. Financial performance Since its inception, the Group has expanded rapidly by acquiring retailers and knowledge in markets all over the world. However the financial crisis hit the Group hard, represented in Figure 4, which depicts a dramatic fall in share price between 2007 and 2008, bottoming out at just below 100p during 2008. Observing Figure 2, one can see this same trend reflected in the firm’s earnings per share (EPS) and price to equity (P/E) ratios: the 2006/07 period saw EPS reach highs of over 12p and a high P/E of approximately 20 years. Both measures are good indicators of earnings growth whilst the latter also highlights the relative expensiveness of the stock, and level of investor demand for the shares. But in 2008, EPS growth fell by a dramatic 11% and P/E also dropped significantly to around 14 years. However 2009 saw the firm begin its post-crisis recovery with a consistently rising share price and growing EPS, although P/E ratio was still falling. Last year saw a profound, near 50 % increase in EPS, a slight rise in P/E and even an increase in dividends; share price at the end of 2010 had reached its highest since 2007 at around 260p. The forecasts for the following years in Figure 3 indicate further revenue and EPS growth, albeit at a slower rate, and generally good performance and stock health despite a forecast fall in P/E ratio (DigitalLook website, 2011). Conclusion Kingfisher Plc, perhaps more so than other global retail giants due to their British base, was certainly hit by the recent financial crisis and this was reflected by the fall in earnings and share price in the 2007-2008 period. However the Group’s diverse range of products and services as well as its brand reputation and vast geographical reach, has enabled it to weather the storm and bounce back positively. Its commitment to international expansion and its keenness to explore potential new markets have been key to its rapid growth and establishment as a true international player. However the Group’s expansion intoRussiais at an early stage and cultural differences would need to be tackled in order to obtain significant market share. As outlined earlier, theUKandRussiaare culturally distinct and operating a foreign subsidiary and catering for Russian demand both require an understanding and knowledge of the Russian market. However, it is crucial to note that the firm ha s already been successful in diverse markets by hiring top management staff who are well-experienced in the markets they are targeting. InRussiafor example, Kingfisher hired Peter Partma as country manager due to his 6 years experience as country retail manager in IkeaRussia. By employing international retailing talent with appropriate market specific experience such as Mr. Partma, the Group has managed to close the gap in psychic distance and introduce Russia-specific knowledge to their management. Furthermore, having set up some 15 stores inPoland, an Eastern European and culturally alike nation toRussia, the firm has knowledge of how to cater for demands, tastes and ideologies similar to those of the Russian people. So whilst the culture divide between Kingfisher’s home country and its latest foreign target is considerable, the firm’s existing expansion projects and experience of international markets, on top of its wealth of market specific talent and know-how via its management team, has helped mitigate the effects of cultural differences and enabled the transfer of critical knowledge into the firm which will prove vital to its success. Bibliography/References â€Å"Delivering value: Key steps and aims† (2009) Kingfisher Annual Report and Accounts â€Å"Digital Look: Kingfisher Company Research† (2011) http://www.digitallook.com/companyresearch/10053/Kingfisher/company_research.html â€Å"Hofstede’s Cultural Dimensions: Understanding workplace values around the world† (2011), Mindtools: http://www.mindtools.com/pages/article/newLDR_66.htm Johanson, J. Wiedersheim-Paul, F. (1975) â€Å"The internationalization of the firm: Four Swedish case studies.† Journal of Management Studies, p305-22 Johanson, J. Vahlne, J.-E. (2003), â€Å"Business relationship learning and commitment in the internationalisation process†, Journal of International Entrepreneurship, Vol. 1 p.83-101 â€Å"Kingfisher plc appoints management for expansion in Russia† (2004) Kingfisher Press Release Leroux, M. (10/2009) â€Å"Kingfisher turns again to Ikea for help as it focuses on expansion†, The Times Mishra, G. (2008) â€Å"Using Geert Hofstede Cultural Dimensions to Study Social Media Usage in BRIC Countries†, International Values and communication Technologies Yates, M. (2005) â€Å"Cultural Differences: It’s More than Geography that Matters† http://www.growing-global.com/detail.asp?ID=23 Appendix Figure 1 Figure 2 Kingfisher Fundamentals Year Ending Revenue (?m) Pre-tax (?m) EPS P/E PEG EPS Grth. Div Yield 28-Jan-06 8,010.10 231.8 12.30p19.7 n/a-38% 10.65p4.40% 03-Feb-07 8,676.00 450 11.90p21.2 n/a-3% 10.65p4.20% 02-Feb-08 9,050.00 366 10.60p14.2 n/a-11% 7.25p4.80% 31-Jan-09 10,026.00 90 11.00p12.6 3.2 4% 5.33p3.80% 30-Jan-10 10,503.00 566 16.40p12.9 0.3 49% 5.50p2.60% Figure 3 Kingfisher Forecasts Year Ending Revenue (?m) Pre-tax (?m) EPS P/E PEG EPS Grth. Div Yield 31-Jan-11 10,518.64 660.58 19.57p13.7 0.7 19% 6.52p2.50% 31-Jan-12 10,873.08 758.28 22.31p12 0.9 14% 7.64p2.90% 31-Jan-13 11,423.41 847.8 24.99p10.7 0.9 12% 9.03p3.40% Figure 4: Kingfisher Share Price How to cite Strategic Analysis of Kingfisher PLC, Essay examples

Tuesday, May 5, 2020

Peter the Great free essay sample

An examination of the military and cultural transformation of Russia under the rule of Peter the Great. This paper examines the move toward westernization that took place in Russia under the reign of Peter the Great. It provides an accounting of Peters achievements that so intensely impacted Russian society and a discussion of the reasons behind Peters success . The groundwork for the Golden Age that Russia experienced between mid-eighteenth and mid-nineteenth century was laid down by Peter the Great who founded and established the paradigms required for Russias supremacy. Peter the Great, the most influential czar and military leader in Russian history, literally transformed his country from an almost medieval backwater region into one of the worlds great powers at the beginning of the eighteenth century. Russia had missed out on both the Renaissance and the Reformation, which left it nearly a century behind the rest of Europe in every field imaginable: social, cultural, political and educational . We will write a custom essay sample on Peter the Great or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page However, due to Peters keen observations and the effective plans of action that thus evolved, Russia emerged, almost overnight, as a mighty empire comparable with the likes of Britain, France and Germany. This rapid change in Russias status was thus, wholly dependent upon the revolutionary ways of Peter the Great that he employed to rule over Russia.