My career in Economics

My career in Economics Where I See Myself In 10 Years Time Home›Economics Posts›Where I See Myself In 10 Years Time Economics PostsIntroductionI am impressed in the development of career in economics. This is after getting some insight of what the field is all about. Economist deals with the efficient allocation of resources such as land, manpower and machinery to produce goods and service. Economist conducts research and analyzes data to facilitate in prediction the economic trends of the country. They are involved in making both the short-term and long-term planning to achieve economic development. Economist plays a significant role in the economy, which cannot be summarized. Actually, I do not want to be left behind this noble practice and therefore, I would want to be an economist in ten years time. This is because of increased desire by people to pursue economic major. Mark Gertler, chairman of New York University’s economics subdivision also supports this, ‘There is a clear explosion of econ omics as a major’ (Vascelaro, 2005). The career in economics has variety of opportunities and benefits, this is as explained.BenefitsEconomics is a respected major. It is widely viewed as the top social sciences in the globe today. In addition, there is a noble prize in economics this makes the career worth taking it. It also has principles to be followed like physics, mathematics, chemistry, and biology.‘People are fascinated with applying … reasoning to a wide a variety of issues, and these forces are causing them … economics more and more’, says Lawrence H. Summers, the president of Harvard and past secretary of the Treasury (Vascelaro, 2005). Studying economics is intellectually exciting because it deals with fundamental and impressive subjects. Examples, capitalism versus socialism, management of inflation, management of unemployment, economic development of less developed countries, pollution and global warming and many other.   What is coming up clearly the discipli ne is much equipped in problem solving ranging from economical problem, social, environmental and financial problem.A career in economics is not limited in the scope because economics as a field is a growing field. It is a dynamic field which has expanded exceptionally fast from the traditional subjects and now it have established new fields such as public choice economics, health economics, law and economics, bioeconomics, and many more fields (Pines, Sadka and Zilcha, 1998). This shows that economics is remarkably diverse and has incorporated almost all discipline in the scope. Therefore, when one is a profession in economics may have been extremely flexible in the labour market where he can work in almost all discipline. This makes economics as part of the academic field which operates at highest intellectual level.Economics is an extremely practical field, and a major in economics prepares one in the career in the business field, government, and other related field. Economics is relevant due to the method of thought it advocates and the knowledge it relay.   Economics have a peculiar way of thinking which Is analytical, clear, precise and rigorous. These gives the economist an upper hand in problem solving   because they learn to identify problem, identify alternative solutions, consider the solutions in light of the constraints and finally coming up with the best solution. Economic major also studies a variety of topics which have various implication in the management decision making. This makes economist suitable to various decision making position. A survey at Marquette University, 41% of the student graduated in economics works in business, 18 % of students who graduates in various field get in the business. These economics major worked in various departments, which demonstrate the diversity of economics in tackling the life problems.In economics, one is flexible to a variety of career path in the future. As a result, if one wishes to pursue other care er path in the future can do so. This is because economics is interrelated with other disciplines and this enables one to have an open mind. The employment trends are particularly fascinating for the economic graduates. In relation to the National Association of Colleges and Employers, an economic major in the first job earns an average of $43000 a year. This amount although it is less than what those in the computer science major and engineering major, is less faced with increasing rivalry from inexpensive, very skilled workers in regions like India and China (Vascelaro, 2005). This makes economics a tremendously crucial area of study because it is not affected so much by computerization, as what economist does can not be replaced by computers. Their work is not routine work like the case with other specialization like accounting.ConclusionEconomics as one of the academic discipline is very vital in the acquisition of life long skills. These skills are paramount in dealing with the life challenges in the quest of finding a lasting solution. Since, knowledge is power and the fact that the field gives the person discretion for self employment. Therefore, one can liberate himself and create more job opportunities making him part of the solution for unemployment. According the economic forecast conducted by IMF, the International labour organization (ILO) estimates that the unemployment will still remain high in the year 2010 (Aridas, 2011). Therefore, economists can contribute through policy formulation to bring sound economic performance in the economy. Following the tremendous   benefits to work as economist and the working challenges that economist are expected to solve, I would like to be a senior economist in one of the leading organization in the globe ten years time.

Apple Inc., Strategic Management Case Analysis Essay

Apple Inc., Strategic Management Case Analysis GB520 Strategic Human Resource Management: Unit 1 March 13, 2012 Apple Inc., Strategic Management Case Analysis What is Strategic Management and why is it critical to the success of an organization meeting its goals and mission? Strategic management is the application of the basic planning process at the highest levels of the company. Top management sets goals for the performance of the company carefully formulating, implementing and evaluating plans and strategies. It involves specifying the organization’s mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources†¦show more content†¦family. Apple has made its mark on the technology industry by continuing to be successful innovators that lead to their numerous product markets. Strategies and Tactics: Apple focused on two major long-term strategies and tactics under several CEOs. Initially under Steve Jobs Apple’s long-term strategy was â€Å"to bring an easy to use computer to the market† (Yoffie amp; Slind, 2008). Afterwards several strategic alliances were formed: * The first strategic alliances that they formed were with IBM, Microsoft, and ATamp;T. The alliance with IBM cost $500 million to create a new OS. They also formed a joint venture with them to create multimedia applications (Yoffie amp; Slind, 2008). Microsoft agreed to invest $150 million in Apple and made a commitment to develop core products such as Microsoft Office for the MAC platform. Both alliances enabled Apple to further their computer growth and guarantee software that is available and familiar to consumers all over the world. The alliance with ATamp;T was a recent alliance that was formed when Apple came out with their iPhone. ATamp;T became Apple’s distr ibution partner for the iPhone. They also made concessions to Apple that no handset maker had previously received in a carrier distribution agreement, in exchange for a five-year exclusivity period in the U.S. market, ATamp;T gave Apple almostShow MoreRelatedStrategic Management Case Analysis: Apple Inc. Essay1027 Words   |  5 PagesStrategic Management Case Analysis: Apple Inc. Veronica R. Hart Kaplan University Strategic Human Resource Management Unit 1 GB 520 p. 1-6 March 9, 2011 The 2008 Harvard Business Case Study on Apple Inc, describes the very popular corporation with 24 billion in revenue as of 2007 and how the company has had some problems yet sustainability over the years. The status of the company was examined in detail by the article which revealed a number of strategic moves under the leadership ofRead MoreGb520 Unit1 Apple Case Analysis Essay1486 Words   |  6 PagesCase Analysis – Strategic Management – Apple, Inc. - Unit 1 Anahit Orbelyan GB520-03N Strategic Human Resource Management September 08, 2012 Professor Dr. Kenneth Rauch Case Analysis – Strategic Management – Apple, Inc. Introduction The purpose of this paper is to explain the definition of Strategic Management and why it is critical to the success of an organization in meeting its goals and mission. The paper will include a brief analysis of the situation andRead MoreStrategic Management: Apple Inc. Case Study Essay1090 Words   |  5 PagesUnit 1 Case Analysis: Apple Inc. GB520 Strategic Human Resource Management About â€Å"Strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it hasRead MoreCase Study : Management People Organization1294 Words   |  6 Pages MBA501 – MANAGEMENT PEOPLE amp; ORGANISATION ASSIGNMENT – 2 STRATAGIC MANAGEMENT SUBMITTED BY – SANDEEP KUMAR STUDENT ID - 11592203 SUBMITTED TO – RAMANATHAN R. INDEX ASSIGNMENT – 2 Introduction Introduction Strategic management – It is the set of action used to formulate and implements specific strategies (includes continues planning, monitoring, analysis and decision) that will achieve the competitively superior fit between the organization and environment, so as to achieve organizational theRead MoreHuman Resource Functions at Apple Computers Inc: An Analysis1544 Words   |  6 Pagesï » ¿Apple Human Resource: Apple Computer Inc. or Apple Inc. is a multinational corporation in the United States that develops and markets consumer electronics, personal computers, and computer software. The firm is widely recognized for several hardware products like the Macintosh brand of computers, the iPad, the iPhone, and the iPod. On the contrary, Apples software products include Mac OS X operating system, Final Cut Studio, the iTunes media browser, and a series of professional audio and film-industryRead MoreThe Social Responsibility Of Apple Inc.1687 Words   |  7 PagesCompany of Choice: Apple Inc. The Social Responsibility of Apple Inc. By definition, social responsibility is known as the ethical framework and provides suggestions that an organization or an individuals, feels obliged to act so that the benefit is felt across the organization. It is that duty that every individual has of performing so as to ensure proper maintenance of balancing amid the economy and the organizational ecosystems. Apple Inc. has a well outlined social responsibility that works toRead MoreRole of Ethics and Social Responsibilty Essay1175 Words   |  5 Pagesresponsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior is that which is respectable in the area of moral, philosophy involves in developing, defensive and also recommending concept of right and wrong behavior. These ideas do not change as one desire† and inspiration This applies whether a company is involve with customers one-on-one, such as apple or Dell, Inc.; there are variousRead MoreBenefits Of Sustaining A Competitive Advantage For Apple Inc.1297 Words   |  6 Pageshard for Apple Inc. as noticed in the Harvard Business School Premier Case. Therefore, this paper is an analysis of Apple, Inc. based on a 7-year old case written by David Yoffie and Michael Slind published by Harvard Business School (Yoffie, et al., 2008). The following paper examines in detail the strategies utilized by the company as outlined in the strategic management steps. Several recommendations are also proposed to handle the issues surrounding the organization. Summation Apple Inc. was createdRead MoreApple1199 Words   |  5 PagesErendira Franzen Apple INC. Table of Contents Company background Recent Annual Report Analysis for Financial position Vision Mission Statement Corporate Culture Industrial Organizational Model of Above-Average Returns Resource- Based Model of Above-Average Returns Five Forces of Competition Model Competitor Analysis Core Competencies Competitive Advantages SWOT Analysis Corporate Entrepreneurship Strategic Leadership Corporate Governance Analysis of company overall performance Read MoreApple Value Chain Analysis Essays893 Words   |  4 PagesValue Chain Analysis Before making a strategic decision, it is important for Apple to understand how its activities or products create values for customers. One way to do this is to conduct a value chain analysis (VCA). VCA â€Å"refers to the idea that a company is a chain of activities for transforming inputs into outputs that customers value. The process of transforming inputs into outputs compromises a number of primary and support activities† (Hill and Jones, 2001, p.133). Each value is considered

The Pros And Cons Of Standardized Testing - 1511 Words

Over the years the educational system has faced various controversial issues, but the most recent one making a negative impact on students, is standardized testing. Standardized testing is a type of testing used to evaluate students academic abilities . It is a way to measure if standards are being met but does not provide a variation in the type of administration based on the students needs (Sacks, 2000). In other words, all children are provided these test to track their learning progress based on their grade level. Some believe this is the best way to measure students knowledge, others believe it is doing more harm than good, and I believe it is an unrealistic form of an academic evaluation. Throughout this piece, I will evaluate the†¦show more content†¦As teachers are trying to prepare students for these extensive tests, there is not adequate time for creative projects. Creative projects are important outlets for students to express themselves outside of the norm of cla ssroom assignments. For example, with standardized tests, students are provided with a set of predetermined answer choices, this in turn limits them. Confining children to multiple choice options limits their ability to think critically because it does not provide them with the chance to question or research possible answer choices. These limitations can also be seen in as poor and ineffective ways to evaluate both students and teachers (Perrone, 2012). The evaluations provided by testing results adds pressures to perform well on standardized tests can lead to cheating, testing anxiety, or can cause teachers to stress testing preparation in hopes for positive results. Teachers often fear poor results because it can impact their teacher evaluation of inadequately preparing the students for the test. If a significant amount of students are performing poorly then it can affect the school as a whole. The district may lose funding and find it necessary to cut electives or extracurricular activities when they do not have the findings needed (Perrone, 2012). testing scores about testing scores in fear of a poor evaluation based off of their students test results. With standardized testing comes very few intendedShow MoreRelatedPros And Cons Of Standardized Testing801 Words   |  4 Pagescontroversial topic Since Middle School, I was not opposed to standardized testing. I thought of it as a way of testing us of what we have learned. Although, after reading some articles about standardized testing I am re-thinking the pros and cons. From personal experience, I thought of it as a challenge to pass them. But now that reminisce about it, I noticed some of the cons of standardized testing. I remember having a week or two dedicated for testing, and in case of students failing they had to take timeRead MorePros And Cons Of Standardized Testing1400 Words   |  6 PagesEven though there are many downsides to standardized testing there are still viable reasons why they are still being used today. One of the main reasons includes the easy and quick access of testing students. Standardized testing allows schools to quickly access a large amount of students at one time. This is also one of the cheapest ways to tests such a large crowd due to machinery that grades which results in low tests costs f or students. These tests also help by setting a national curriculum forRead MorePros And Cons Of Standardized Testing1025 Words   |  5 PagesWhat are standardized tests? Standardized tests are exams that are administered, scored, and interpreted in the same way for all students. Now there are many pros and cons of standardized testing however, I believe that public and private schools should just abolish standardized testing all together. These tests determine a student’s academic performance and each student is given the same test with the same questions and answers. These tests are designed to measure the students learning capabilitiesRead MoreThe Pros and Cons of Standardized Testing1050 Words   |  5 Pageseducational world is standardized tests. All fifty states have their own standards following the common core curriculum. There are many positives and negatives that go with the standardized tests. A standardized test is any type of â€Å"examination thats administ ered and scored in a predetermined, standard manner† (Popham, 1999). These standardized tests are either aptitude tests or achievement tests. Schools use achievement tests to compare students. There are pros to standardized examinations as toolsRead MorePros and Cons of Standardized Testing583 Words   |  2 PagesStandardized testing has its pros and cons I do not believe in it but I will give you proof for and against the testing. We will cover some the history and where the testing came from and why we do it. I will talk a little bit of how I feel about testing and how much we should focus on how the students do on the test. I have interviewed a few teachers that I had when I went to school and some personal friends that are teachers now and how it effects how they teach. Most historians trace the beginningRead MoreThe Pros and Cons of Standardized Testing Essay674 Words   |  3 PagesStandardized testing is a down fall to many students but also an opportunity for many others. Standardized testing has its pros and its cons. It can be the make it or break it factor into getting into colleges you are hoping to attend or the scholarships you want to earn. Some people may have their opinions about the test, whether they hate it or not but the fact is that it’s here to stay. What exactly is standardized testing you may ask, it is a test which measures the knowledge among differentRead MoreThe Pros And Cons Of Standardized Testing1491 Words   |  6 PagesStandardized testing was introduced by French psychologist Alfred Binet in 1905. The test originated because Binet was commissioned by the French government to create a tool to identify which students needed remedial studies. Over time, the standardized tests evolved into multiple different tests in multiple subjects for varying age groups of students. The tests were initially seen as a way to test a large sum of people with the same general questions to see an individual’s knowledge. Some peopleRead MoreThe Pros And Cons Of Standardized Testing1100 Words   |  5 Pagesscience, history, and science. Then, every year, students typically take one big standardized test, or even more. These tests are claimed to give educators an objective that’s unbiased. Standardized testing supposedly hel ps identify the natural tendency of individual students, identifying skill development and progress. However, are these things what standardized testing really do for students? Standardized testing only measures a small portion of what makes education substantial. This means thatRead MorePros And Cons Of Standardized Testing1201 Words   |  5 Pages Standardized testing is all based on your performance as a student on a specific day, time and place. What it doesn’t show is how you perform on a day to day basis. These types of test can be given in any type of form that requires test takers to answer the same questions, and is then scored in a â€Å"standard† or consistent manner. Students should not have to take standardized test because of many reasons. As a human I have days where I’m tired and didn’t get enough sleep the night before or it isRead MoreThe Pros And Cons Of Standardized Testing1286 Words   |  6 Pagesto graduate because of their poor scores on standardized tests. Students all over the United States are forced to participate in statewide standardized tests each year. Many claim that standardized testing allows for teachers to help their students easier, and that it holds school districts accountable. While school mandated standardized testing can be useful, statewide standardized testing is ineffective and negatively impacts students. Standardized tests can cause unnecessary stress on, already

The War Against Need a Research Paper

The War Against Need a Research Paper Need a Research Paper In addition, there are usually too many different assignments to accomplish. When it has to do with academic papers, occasionally it can not be possible to fulfill all deadlines and stick to high academic standards. Pick the simplest paper you may find for implementing. Writing a research paper can be an intimidating chore. What You Don't Know About Need a Research Paper The majority of people are enticed into conducting a systematic review as it seems to be the simplest type of study. Friday, you are in need of a complete draft, however terrible or directionless you think that it is. Pick the service which proposes absolutely free revision of the purchased work until you are pleased with its final appearance. Should you need any help, don't be afraid to stop by Paperwritings.com. Consider the time it can take for you to develop an intriguing essay. A 1 hour essay deadline may be a true problem, if you're not good enough at writing and expressing your ideas on a topic you aren't really interested in. If you don't have enough time to think of a creative title, be boring, but you should be true. Use images in the event that you can, but don't forget you will still have the time to add that stuff as you're revising and receiving prepared to submit. Need a Research Paper: the Ultimate Convenience! Generally, it's not the job of startups to handle their own engagement with mentors. In fact, increasingly research proves that failure can term paper writing service reviews be an important portion of profits, since it builds resilience together with a development mindset. Deficiency of banking services is a major issue in developing countries. There's a shift going on in the advertising market. In the majority of instances, it's pretty much the sole way out for a student who's stuck with the paper. Students are needed to compose various types of research papers while in school. If you're writing a research paper, then you most likely want to finish it in the very best quality. The item is edgy as it is work and time-intensive. You need to be this knowledgeable about the material that you start to feel as if you wrote the book on it. The most suitable research thesis is possibly the one most crucial element of a thriving research paper. Your university might as well impose its own writing style requirements too, so make sure to find it out in advance. Whether you are searching for bulk papers written for you, or to cover college papers written for you for a complete semester, we will provide you with a personal discount. You are going to be happy to hear that aside from research papers, we also provide a grand range of academic assignments. A lot of the social networking accounts are fake. Purchasing research papers online can wind up being an affordable method of dividing and conquering. Buying research papers online is just one of the newest student trends. If you're able to chance upon an article that's available and recent, scroll to the references section for other related paper. Also, once your sample document is finished, it'll be reviewed by our highly trained editorial staff. To begin with, choose what you wish to do with your paper. A paper written at your request from our site provides you with the choice to receive all the information and research outcome, and that means you won't need to devote time investigating it yourself.

Introvert personality Essay Example

Introvert personality Paper Being self motivated calls for a good dosage of positively aggressive behaviour at work place. Introverts would find it highly difficult to be self motivated. In a job where it involves regular public contact, it would be quite normal to encourage and appreciate people around. It would be next to impossible to expect introverts to do so. The very fact and reason that introverts need a push to motivate themselves, rules out any chances of motivating others. Such individuals will find it highly difficult to gain avenue growth in the organizational ladder. At higher levels in the organization it is quite understandable to have good leadership qualities. Introverts because of their silence will be understood to lack self confidence. Introverts in general fear accepting responsibility. They avoid taking ownership of responsibilities. They suggest their brains on how out going confident persons are. They never less often motivate themselves to be confident; but are rather obvious to question Can I or Why am I not. This lack of confidence puts them in a back seat of confidence. In the journey of career, confidence is like the steering. If there is good confidence in hands, the journey will be in full throttle. If the steering (confidence) is missing, then no one knows when the car (job) is gonna crash. Introverts lack self confidence and authority. They take no responsibility of actions. Being a good leader calls for leading 999 men amongst the group of 1000. Introverts are in constant search for a leader to guide them with vision. Leadership skills calls for choosing a vision and goal and consistently be the reason or driving force to achieve the same. However it is difficult for a person with low self confidence to develop leadership skills. We will write a custom essay sample on Introvert personality specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Introvert personality specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Introvert personality specifically for you FOR ONLY $16.38 $13.9/page Hire Writer At a job involving public contact, it is apparent that fellow colleagues will expect coordination leadership and support from their boss. Lack of leadership skills of an individual; results in junior and fellow colleagues basing a grudge and dislike. In all these cases, it is the introvert employee at work place whose integrity and leadership skills are at stake. Being introvert is not something which is uncommon. Introversion is not a disease; its a state of mind. In the fast moving world, it is very important to move faster than ones inner self. Introverts tend to live at a pace close to their inner self. However in a job involving public contact, it calls for being out going and interactive. It is necessary to respect an individual persons privacy within himself; but privacy to inner self should not affect work and performance in any way. For instance at work place, it involves lots of interaction with new people, faces, voices, and characters. An introduction to so many new varieties results in heavy load on the head of introverts. It becomes nerve wrecking for them to make any cold calls of marketing. They cannot make new relationships in business or work very easily. This results in hindering them from growth of business and their career as well. In a job involving public contact, say public relations, its a part and parcel of the job responsibilities to interact with various publics of the organization. This includes the media, share holders and other stakeholders in an organization. But introverts will find it highly difficult to sustain and survive in this job, success being a second question. Handling so many people in a single day will tire them out instantly. The very fact of public interaction tires them out. Managerial level decisions require tones of confidence and responsibility assumption. Introverts run miles away from responsibility of actions. They fear being given responsibility of decisions. Taking decisions can be disastrous to them. The confidence required for the decision making process tires them out. However this does not imply that an introvert will or will not take a good decision. But the time taken by introvert to take a good decision is much longer than that of an extrovert. This is due to the lack of interaction and information in hand with an introvert. If the same is done with much faster pace, it would make decision making at work place much smoother and responsible. On a long run, every employee in an organisation is expected to have some degree of vision and goal set for him. This is required by the company to keep the employee motivated to work that extra mile of performance. The company expects of its employees to be individuals who can be better managers and future leaders. It is obvious of them to expect this from their employees. Companies in the public domain and interaction are in constant lookout for people who are zestful, passionate and have a go get it attitude. Introverts lack the very basic qualities of eligibility in this context. They need a push of motivation than leading a team. Introverts prefer being a part of the team than leading it. Leadership is like an added burden to their already loaded task list. This on a long run calls for rectification in a company where there is constant public contact. In a world where everything moves at a pace where wink of an eye is a moment, it is taken for granted that introversion can lead to failure. However derogatory it sounds, most situations record the success of extroverts to quite an extent. Introverts take decisions after deep thinking, and are firm and less speculative in their decisions. They believe in slow and steady wins the race procedure of life. The formula of success in the job world today is fast and steady wins the race. As a requisite, a combination of confidence, leadership skills, out going nature, easy conversation and many such factor which are very bleakly present in an introverts personality; may lag them behind in the race at job. All jobs involve interaction and public contact. Introversion does not mean end of life or career but it is rather advisable for an individual to involve himself towards extroversion for better results in career and personal life.

Channel Members Role in Utility Improvement

Channel Members Role in Utility Improvement Porters five forces tool is a recommended tool used to analyze and comprehend areas considered crucial in every business. It helps business to analyze its competitive position, and strength the future business wants to progress.Advertising We will write a custom coursework sample on Channel Members’ Role in Utility Improvement specifically for you for only $16.05 $11/page Learn More When a business identifies where the power is, it can take the fair advantage of a situation of strength and try to work on its weakness. This will make the managers make informed decisions. Porter’s tool gets used commonly when introducing a new product in the market to evaluate whether the product has potential of making a profit. Five forces analysis indicates that there are five distinct but interrelated forces that affect the business competitive performance. These forces are as follows: Supplier power: this is the power when suppliers have to control the price s of goods. The marketer needs to assess how easy the supplier can manipulate the prices of their products. The number of suppliers in each key point mostly affects this. The uniqueness of the products they produce and the cost incurred when one change from using one product to another. Fewer suppliers are capable of manipulating the price easily. The more one needs for supplier they become, the more powerful they are. Buyer power: in this case, one evaluates how easy the buyers are to drive the prices down. This gets determined by the number of buyers and the amount of goods they buy. If a market has few and powerful buyers, the buyers are able to make the firm lower their product prices. Threat of substitution: this occurs when current customers come up with different ways of doing what a manager is selling. If customers are able to come up with powerful products, then the ones currently supplying power get affected.Advertising Looking for coursework on business economics ? Let's see if we can help you! Get your first paper with 15% OFF Learn More Threat of new entry: this is the ease in which new people get involved in the business one is carrying out. New entrants result in competition for customers and raw materials. When the cost to entrance demands little amount of money and time, new entrants will be extremely easy. Functions of marketing channels can be considered to be barriers to allow new entrants in the business. Every marketer needs to have his own marketing channels. The new entrants find it hard to convince the existing market channels to market their goods, which are not well known by the customers. Existing market channels may refuse to stock and deal with the new entrants products, thereby, saving the existing marketers the threats of new entrants. Marketing channels are the key influencer to the price of the goods. This is because marketing channels are the ones who buy the marketers goods in bulky. The amount of goo ds they buy makes them dictate the price at which they have to buy the products. Marketing channels determine the power of wholesalers as suppliers. They dictate to wholesalers the price at which they will buy manufacturers products. They also offer transportation services to wholesalers who buy goods in bulky. They form a link between manufacturer, the wholesalers and the customers. Marketing channels are particularly beneficial to the marketers as they help to minimize the chances of customers to come up with substitutes. This is because marketing channels do add value to the products produced by the manufacturer. The customers get provided with goods in the shortest time possible thus having no need to come up with the substitutes. The channel marketers make customers develop loyalty to the manufacturer products. This is extremely valuable to the manufacturer as it ensures continuous purchase of consumer goods. Channel distributors can be motivated by forming a partnership with t hem. In this case, the company forms an agreement with the channel distributors whereby the company honors the distributors demands. Since the channel distributors enter into business with an aim of making a profit, the marketing managers should honor their demands and provide them with strong support for them to achieve their goals.Advertising We will write a custom coursework sample on Channel Members’ Role in Utility Improvement specifically for you for only $16.05 $11/page Learn More Channels members can be motivated by being provided with free goods. This is beneficial to them because the extra free goods can be used to entice potential customers. They can also be motivated by providing them with bonuses whereby they get rewarded after achieving the marketers’ goals. The marketers can motivate their channel distributors by initiating creative product promotions. This will make them improve their sales and their profit margin. The marketer s can also create sales contests whereby the channel distributors come together, share ideas, and come up with solutions to any challenge they face. The marketer can also motivate channels of distribution by ensuring they are well distributed. This is crucial as it reduces rivalry among them it also ensures that channel distributors are making a decent profit. They can be motivated by conducting visits to them. In these visits, the marketers advice them on product display. They can motivate the channel distributors by training them on how they use the product or preserve them in case they deal with perishable goods. The intermediaries carry out different activities that lead to improvement of utility. Some of these activities include breaking the bulk of goods. This is extremely vital as these leads to meeting customer needs effectively. The channel distributors buy goods in large quantity, which they then divide into small portions, which customers can afford to buy. Channel member s improve the utility by packaging products. This is done when breaking the bulk. They pack the goods in colorful colors, which attract the customers. This attracts customer and lure them to purchase the well-packaged goods. Customers prefer goods, which are attractive to their eyes. This is crucial as it relieves the company the burden of packaging making it concentrate on other issues. A channel member improves utility by storing the stock. This is Important as it helps to maintain a continuous supply of goods to the customers. It also relieves manufacturers the expenditure on renting vast stores to store goods.Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Bringing goods closer to the customers. Channels members bring goods closer to the customers. This makes customers shop conveniently. The goods are brought closer to the customers. This is important as the customers are saved the costly expenses of transportation. Channel members play a vital role in utility improvement through product promotion. Through product promotion, they educate the product users, inform them on where to find the manufacturers products and on how to achieve maximum value by using the product well. A channel member adds value to product by branding the products. This helps customers to identify these products well, and this make them develop product loyalty. This makes entry of new marketers hard as they find it hard to convince the existing product users hard to convince to use alternative product. It also makes exit impossible as the firms whose products with significant market share fear that by exiting a new firm may come and reap the benefits they had bee n reaping.

Questions to Help You Choose Your College Major

Questions to Help You Choose Your College Major When you were in high school, everyone wanted to know where you were going to go to college. Now that youre there, everyone wants to know what youre going to major in. If youre having problems deciding, try asking yourself these five questions. What Do I Love? Knowing what really engages you is critically important when picking a major. If you think you want to be a doctor but cant wait until chemistry ends because it means you can head straight to your Shakespeare class, pay attention to that. No matter what major you choose, if youre like everyone else, youll end up changing careers several times during your lifetime. So pick something that speaks to the fire in your belly and that will get you excited, regardless of the context in which its presented. What am I Good At? Do students in your residence hall always come to you for help with their biology homework? Do you always earn rave reviews for your performances or art work? Majoring in something that you have a natural inclination toward can speak to where your interests and skills are, and, if youre particularly skilled in a specific subject, can possibly lead to further study (abroad, in graduate school, or with a fellowship after graduation). What Do I Want to Do? Have you always wanted to be a doctor? A teacher? A lawyer? Dont limit yourself to only doing what is traditional for those fields. If you want to be a doctor but have a love of Spanish literature, make sure you take your pre-med requirements ... and look into majoring in Spanish. Having college goals and exploring your interests along the way can be a bonus on your graduate school applications. Similarly, if you know youve always wanted to work on Wall Street, make sure youre adequately prepared with the coursework youll need to get your foot in the door. Your major and your preparation for a professional field dont always have to be the exact same thing. What Skills Do I Want to Learn? If you love theater and are hoping to pursue it full-time after you graduate, remember to keep in mind the additional skills youll need to do so. If you want to run your own theater company someday, youll need to know about all kinds things about business rules, ethics, marketing, writing, public relations, and customer service. Pick a major that is intellectually interesting and that also provides you with the practical training you may need later. What Life Factors Do I Need to Consider? Many students have additional factors influencing their college choices: family, financial obligations, cultural expectations. While exploring your own path is highly important, its also important to keep in mind that these external forces will have an influence on your post-college life in one way or another. Finding a major that can provide balance for your internal dreams and desires with external expectations can make an overwhelming situation sometimes feel more manageable.