Youth cell phones compasny Essay Example | Topics and Well Written Essays - 1000 words

Youth cell phones compasny - Essay Example Why do you think the YCP Company had been able to grow in just over five years? The first five years of YCP were marked by strong growth for a number of reasons. An important factor is the strong growth of the market for mobile and internet technology, as this was the period of commercial introduction and fast development in these areas, so the rise in demand was strong, particularly in its chosen niche (young mobile and internet customers) and the industry still generally open to new entrants. Based on data provided, the following information was computed: YCP performance for the last five years Year ended Revenues (MUSD) No. of Subscribers Ave. rev. per subscriber 1998 80.0 100,000 800.00 1999 200.0 195,000 1,025.64 2000 270.0 330,000 818.18 2001 380.0 680,000 558.82 2002 750.0 1,970,000 380.71 The first three columns were data provided, form which the average revenue per subscriber was computed in the last column. It was evident that from the third year onwards, the sales growth a chieved by YCP was on the basis of attracting new volume by lowering prices. While the cost figures are not given for us to compute the breakeven point, it is sufficient to note that by 2001, the firm was offering its services for prices below its introductory rates in 1998, which may indicate that the company is operating at below breakeven prices. 2) What impression have you formed of corporate governance in YCP Company? For the first two years, there appeared to be no indication of major lapses in corporate governance. ... failure, is irregular in the case of YCP because the bonuses are explicitly stated to be based on the appreciation of the company’s stock value rather than on its earnings, which is an untenable basis on which to compute executive compensation. Executive pay and bonuses are anchored on the firm’s earnings, not its market capitalization; therefore, this is a matter to be investigated by the Securities and Exchange Commission. 3) What is your opinion of the ownership structure in YCP, in light of the fact co-administrators Kong and Watson retain 60% of the voting equity. Can group of small shareholders make a significant contribution to the governance of the company? What about large shareholders? As far as ownership structure is concerned, there is no legal or ethical problem in Kong and Watson holding 60% of the equity. A strong controlling interest properly discharged can even articulate business strategy more clearly and create a stronger business (Ozer, et al., 2010, p. 18). It is clear that based on voting rights, Kong and Watson clearly have controlling ownership of the firm. There should be no conflict of interest, however, in their being members of the board, as the board represents the shareholders’ interests which is their own. Being members of the board, however, they are charged with the duty of due diligence and of acting in the interests of all shareholders, not only their own. This does not mean that groups of small shareholder or even large (though minority) shareholders are powerless against decisions but the majority shareholders that are patently inimical to the corporation’s interests. They still are entitled to a full disclosure and complete information about how the company is run, violation of which could be the basis for litigation. SEC

Runic Alphabets in Scandinavia Essay Example | Topics and Well Written Essays - 2250 words

Runic Alphabets in Scandinavia - Essay Example Sadly, the meanings of these symbols and their purpose are now lost. Like runes, they were believed to be used for divination and they may have strongly influenced the magical function of later runic alphabets (Smith 1996). Historians and anthropologists are uncertain about the early uses of runes. They may have been used as actual characters for writing. However, the name rune suggests that they were also used as mystical signs or symbols which possess powerful magic. Early Germanic literature bear testimony to the magical character of runes. The Edda, a series of poems, and folk songs to these modern days attest to the influence that runes have on humanity. In fact, the supernatural powers of runes are said to have not only influence, but can overcome natural and physical laws. Runes can summon rain or violent thunderstorms. They can break chains and shackles, or bind men into them. They can heal illness or cause someone to suffer disease. They could raise the dead from their graves. Warriors can become invincible with the help of runes, and cause his weapon to inflict mortal wounds to the enemy. Runes can make men mad, as they can also protect men from the deceitful designs of others. Runes are generally considered as of divine origin, since Odin himself, as related in the Edda, had to sacrifice his person in order to learn the secrets of the runes. Odin was also the foremost runemaster, according to Germanic literature, and was known to have used the stones to exercise personal revenge. Simultaneous with the magical use of runes, there is also evidence that they were used as a means of communication. These messages may have been popular or used in secret. Saga of Egill Skallagrmsson, his daughter Thorger apparently carved the Sunatorrek -- a beautiful poem on a runic staff or runakefli -- where Egill laments the death of his son. Stone monuments are also lasting evidence of the roles played by runes in olden times. These are more common in England and Scandinavia. Some of these monuments simply bear the name of a fallen warrior. Others relate his life and exploits. Since these runic inscriptions were often found in England and Scandinavia, it could be inferred that the use of runes for such purpose may be a later development (Ward & Waller, ed.). II. Discussion A. General Development and Transformation of Runes Runes are also known as Futharks, named for the first six letters in their alphabet, namely, F, U, Th, A, R, and K. The Elder Futhark has 24 letters, the Younger Futhark has 16 letters. Futhark was brought into England by the Anglo-Saxons and transformed into the 33-letter Futhorc, which accommodated the phonetic changes which occurred in Old English (AncientScripts.com). The runes of Scandinavia can be classified into three periods. They are also not related to the Futhorc of the Anglo-Saxon. The first period dates from around 175 A.D. to the 8th century. However, some evidence show that the period may have started much earlier, as far back as 50 A.D. This period is referred to as the Primitive Norse, and Christianity had not yet reached that far north. The language was called Primitive Old Norse for the Nordic Inscriptions and were in Germanic or Gothic languages in lands farther south. The language of this

Summary Essay Example | Topics and Well Written Essays - 750 words - 9

Summary - Essay Example The academics have focused on the ecological impacts of tourism and the principle of sustainable development (Inui, Wheeler & Lankord 2006). For this reason, sustainable tourism has dominated the curriculum. However, in the last decade of 20th century, the research focus has been on sociological aspect such as tourist sight and society. However, reviewing the curriculum content of tourism highlights a strong vocational focus at the expense of sociological or philosophical issues (Inui, Wheeler & Lankord 2006). Additionally, the present level of tourism training is different as compared to past. There has been the development of curriculum modules to teach students the relevant material. The attention has been on teaching principles of sustainable tourism and strict management techniques (Inui, Wheeler & Lankord 2006). Moreover, the increased connection between the industry and education has made many students employable because of possession of valuable skills and practical experienc e in the industry (Inui, Wheeler & Lankord 2006). On the other hand, practitioners have been shown to have an effect on the content of the curriculum. The authors emphasise on occupational and moderate aspects of education. They argue that the two are essential in producing a well-rounded graduate (Inui, Wheeler & Lankord 2006). ... Moreover, the rise of the programs has been correlated with the development in the industry. On the other hand, schools focusing on vocational subjects have benefited from internship and industry specific guidance due to the correlation. The students also benefits as the skills they get make them employable. Moreover, students have high expectations of getting jobs (Inui, Wheeler & Lankord 2006). In addition, many researchers have focused on tourism education. As a result, there has been evaluation of tourism education programmes. Some of researchers have argued that studies in the sector are poorly formulated (Inui, Wheeler & Lankord 2006). As a result, a debate has emerged between educators and the tourism industry. The education sector is claimed to produce students that do not learn to reflect upon their body of knowledge (Inui, Wheeler & Lankord 2006). However, the Sustainable Tourism and the Environment Programme (STEP) in Iowa University have provided a clear solution. In the programme, students are involved in the research proves, formulating research questions, collection and analysis of data (Inui, Wheeler & Lankord 2006). Additionally, there has been a focus on the need for sociological understanding on the sector. The authors note that a need arise to link specific sociological issues to tourism pedagogy (Inui, Wheeler & Lankord 2006). The authors argue tourism acts as a social experience by transmitting their cultures to places they visit (Inui, Wheeler & Lankord 2006). Moreover, tourist changes the host community values and leads to new values in the area. The article stress on vocational focus driven by economic thought should be abandoned and adopts sociological skill to develop humanistic values among tourism

Principles of Marketing Essay Example | Topics and Well Written Essays - 750 words - 1

Principles of Marketing - Essay Example ace’ component of the marketing mix this paper will discuss what distribution strategies are used in the industry, with an analysis of how much information is given during the adverts. Lastly this paper will discuss whether or not the adverts tell us anything about distribution and if the product utilizes a push or pull strategy. According to National Geographic (2010) the annual expenditures on cosmetics globally is approximately U.S. $18 billion annually. According to a study conducted by the UK based cosmetic store ‘Superdrug’ it is the case that 70% of women in the UK do not leave the house without makeup (Oneindia.com, 2010). Given the size of this industry and the demand for product there is little question that there are a number of different players have carved out a niche in the mascara industry. While the history of mascara may go back over a century, in the modern context some of the largest players in this market are L’Oreal, Revlon and Maybelline. Moreover, there are a number of smaller independent cosmetics makers that create niche products in the market such as Mary Kay. As it is the case there are different firms with different strategies it is difficult to pinpoint exactly what strategy is employed for each individual company. With aggressive strategies In terms of the promotion mix, advertising plays a very important role with the utilization of most media outlets such as television and radio adverts, billboards, in-store displays, direct marketing campaigns, web-content and even product placement. According to Peachey (2002) Revlon spent  £5m to play a pivotal part in the storyline of the American soap opera, ‘All My Children’ which frequently references the Mascara product offerings of the company. In the example of Mary Kay the company utilizes an aggressive ‘personal selling’ strategy so that an element of expert advice can be provided to help educate consumers of what product offerings can best meet the needs of the

Demand and Supply Analysis Essay Example | Topics and Well Written Essays - 1250 words

Demand and Supply Analysis - Essay Example b) The relationship between the quantity demanded and the price is of negative relationship while that between quantity supplied and price shows a positive relationship. Quantity demanded of a commodity according to the theoretical information is the quantity of a commodity that a buyer is willing and able to purchase at the prevailing market prices (McEachern, 2011). When prices go up few buyers will be willing to buy depending on the nature of the good. This shown by the negative gradient depicted by the demand function of -2, it means that for every 1 unit increase in price quantity demanded reduces by 2 units. Quantity supplied on the other hand is with reference to suppliers and producers. It is defined as the quantity of goods and services that a provider is willing and able to produce and supply at the prevailing market prices (McEachern, 2011). Suppliers are always willing to supply more when prices are high as opposed to when they go down. This is depicted by the positive gr adient of the supply curve of +1. This means that if prices are increased by 1 unit, quantity supplied also increases by 1 unit. c) The slope of the demand function is -2; this means that an increase in price by 1 unit solicits a reduction in quantity demanded by 2 units. d) The slope of the supply function is of +1. This means that an increase in price by 1 unit solicits an increase in quantity supplied by the same unit. 12. ... 1. Among the ten countries, price elasticity of demand for food is high in Tanzania and it decreases sequentially with Tanzania having the highest price elasticity all the way to the US having the lowest elasticity. This is explained by the general principle that with general increase in income demand for food normally goes down while that of luxury and junky foods goes up (Tucker, 2008). Developing countries still have a population that is still of the need of basic needs like food, this explains the reason as to why developing countries like Tanzania have high price elasticity of demand. Both the quantity demanded and supplied of the commodities in Tanzania is composed of food and food products. The agricultural products also add to the supply of food into the economy (Tucker, 2008). Consumers in developing countries with relation to food are related to then food prices and their income. Rise in income in such countries leads to an increased consumption. Changes in prices also thre aten the food consumption patterns in such countries. The only food consumption that is not threatened is that of basic staple foods. This implies that there is high purchase of foods and foodstuffs in Tanzania than the same is for the US. High purchases are realized in staple foods. On the contrary, consumption of high value foods like meat experiences high purchases in the US (McEachern, 2011). 2. Fig. 2: Tax effect on demand and Supply 3. 4. 5. 6. 7. 8. 9. 10. 11. Before taxation is imposed on the commodity, the equilibrium quantity is Qe while the equilibrium price is Pe. Tax has the tendency of normally increasing prices of commodities as well as

Hot Wheels Essay Example | Topics and Well Written Essays - 500 words

Hot Wheels - Essay Example The Hot Wheels website offers numerous video advertising spots depicting products such as an attacking octopus racetrack, a racetrack that purposely brings cars together to crash, skateboarding figures, a working radar gun and a racing timer. Each of these activities may be equally attractive to girls as they are to boys. Go to any cross country meet and you will find usually more girls running than boys – a fact that indicates girls may be just as interested in toys such as the racing timer to stage their own competitions or the radar gun to clock their speed. BMX and skateboard parks are usually populated with a relatively even mix of female and male participants, yet there isn’t even a hint of them associated with the skateboarding toys. Women are now even able to race in NASCAR. All of the commercials available illustrate that the toys are intended to be used by boys only. In each commercial featuring children, the children are invariably all male. Even in the octopus racetrack, when a crowd of people is shown at the end of the pier, there are no recognizable female figures among the children and adults fleeing the scene. These commercials are so exclusively male that there aren’t even any girls watching the action, such as standing at the sidelines of an impromptu race.

Tulsa Race Riot Essay Example for Free

Tulsa Race Riot Essay During the early 1900’s, America has experienced an act of hatred and despair. Envy became the motive to suppress the masses and the death of hundreds of innocent people became the result. But how did all of this occur without any written record except for the painful memories forever instilled in the minds of the victims? Where were the authorities? Where was the so called â€Å"justice† that these people deserved? All of these questions replayed in my mind that night. On February 11, 2011, I attended an enrichment program at the Ray Charles Performing Arts Center at Morehouse College. At this enrichment program, there was a special viewing of the documentary Soundtrack for a Revolution followed up by a questions and answers segment. Before the showing, there was nice musical performance presented by two individuals. The performance itself gave an overview of the Tulsa Race Riot. Shortly afterwards, the film started. Prior to this event, I have the opportunity to do research on this tragedy about a year ago, but never had been as deeply concerned about the incident just by reading about it. The film was well put together and definitely caught my attention. Soundtrack for a Revolution told the story of Tulsa, Oklahoma during the early 1900’s and how it was a haven of flourishing black business. Everyone’s wealth within the black community helped boost each other’s business. It literally was considered the â€Å"Black Wall Street†. The dollar there circulated approximately thirty to one thousand times and sometimes took an entire year before the currency left the community. But, many people did not take a liking to the amount of wealth and success the black people of Tulsa, Oklahoma had. They grew envious and felt the need to suppress and even eliminate this epidemic. On May 31st through June 1st in 1921, they took action and for eighteen hours straight, they attacked. On those two days, hundreds of whites had gathered arms against the unarmed African Americans. So many of them were murdered and those who survived were left with nothing but tears and the painful memories. The movie forwarded to a more recent time and focused on the survivors of that dreadful day. It has been so many years since that event and the survivors have yet seen justice from the state and country whose purpose was to ensure their equality. I’ve watched the film and how they were ignored by court judges and the only reconciliation that those who have managed to live received was nothing but a bronze metal. From what I have been watching, that piece of metal could not have given them proper justice. In the 1950s and 60s, America became a volatile and confused nation as the Civil Rights Movement gained momentum, and black Americans demanded equality, both in the eyes of the legal and social systems. Reverend Martin Luther King, Jr. orked tirelessly in the fight against injustice and inequality, and ultimately paid for his dedication with his very life. His main goal was to have peace for both whites and blacks. He wanted everyone no matter what color to get along and live among each other instead of being segregated. His advice, as his speech implies, was not to judge one another by the color of their skin but by the contents of their characters. This injustice that occurred in Tulsa was the exact opposite of Martin Luther King Jr. s vision for the world. This is why he fought so long and hard for. As far as the survivors, I really hope that they will get the justice that they truly deserve. I do not know exactly how they can accomplish this specifically, but I do know that, with persistence and being resilient, they will finally accomplish this long awaited justice. The Tulsa Race Riot was more than just a tragedy against another race, I believe it was another tragedy against mankind.