Is Money the Biggest Motivator for People at the Workplace Essay

Numerous individuals accept that they are persuaded by exclusively procuring cash, yet this isn't completely obvious, in light of the fact that different variables like assortment of work environment and the should be acknowledged for the work they do. Inspiration is the arrangement of procedures that pushes an individual toward an objective. In this way, roused practices are willful decisions constrained by the individual worker. Components that influence work inspiration incorporate individual contrasts, work attributes, and hierarchical practices. Singular contrasts are the individual needs, qualities, and mentalities, interests and capacities that individuals bring to their employments. The should be acknowledged for the work they do might be reflected in the renown connected to their activity, and keeping in mind that the requirement for an assortment in the working environment might be fulfilled by a fascinating or fun activity. A factor, which impacts inspiration, is that each individual has a wide range of necessities. For instance a representative may like to chip away at their own as opposed to in an amicable group. So as to have great inspiration workers needs must be set up. This is appeared in how absence of inspiration approaches diminished exertion and absence of duty. A case of how employee’s needs could be fulfilled is through including them in conversations so they feel perceived and needed. A business could likewise set up conversations with the executives about objectives and working practices which would cause representatives to feel their opion checks and furthermore that their commitment is important.

Why Having a Large Vocabulary Is Good Essay Example

Why Having a Large Vocabulary Is Good Paper Your jargon tells the remainder of the world a great deal about you. It shows a person’s foundation, childhood, training, and even their tendencies. A huge jargon shows your inclination for language, yet in addition shows a decent, strong foundation in perusing. We will in general sum up individuals with wide vocabularies to be savvy, exceptionally instructed, and very much read. By this recognition alone, it is no big surprise that numerous individuals try to infuse enormous words and expand phrases into their discourse, just to show individuals how all around read they are. Obviously, it is not necessarily the case that individuals who gather a wide jargon do it just for the shallow explanation of flaunting. In any case, we can't deny that individuals who try to build up an exquisite method of talking by the utilization of a wide jargon will in general dazzle their audience members and crowd. Somebody with a wide jargon gives us that the individual is capable with words. It helps incredibly not just in giving a positive and scholarly impression of the speaker, yet permits the speaker to convey their thoughts all the more viably. At the point when you have a huge pool of words to look over, it simpler to choose a word which best fits a specific circumstance or is generally relevant for a specific crowd. The speaker can modify their words to suit the mood, since a wide jargon consistently accommodates an option on what word we wish to use to communicate our contemplations and emotions. A wide jargon is an amazing asset. It permits the owner thereof to impact its crowd, for example, the instance of a charming speaker, in any talk, crowd, meeting, or discussion. We will compose a custom paper test on Why Having a Large Vocabulary Is Good explicitly for you for just $16.38 $13.9/page Request now We will compose a custom article test on Why Having a Large Vocabulary Is Good explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom article test on Why Having a Large Vocabulary Is Good explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Somebody who is an authority of words will have the option to give a progressively compelling talk or introduction before any affiliation. A huge jargon is fundamental for an open speaker, however for an author, since it permits them to put down what they need to state from numerous points of view, with less propensity for question regarding their significance and understanding. It permits the speaker to offer compassion or to reprimand a subject or individual in a thoughtful manner, particularly if the audience is curious about with the words utilized. Having a wide jargon may effectsly affect an individual too, for example, when the holder thereof will in general be presumptuous and critical of individuals who don't have the equivalent huge jargon. It can give one the sentiment of prevalence and of being preferable taught or more intelligent over others, and accordingly they will in general estrange individuals whose jargon don't coordinate theirs. What individuals with a wide jargon should take not is that not every person is as blessed to have been presented to such writing and instruction, and that an absence of a wide jargon doesn't really show ignorance, but instead an absence of chance. Individuals with a huge jargon include a special set †the individuals who have had the chance to peruse or concentrate widely †and ought not utilize this blessing to isolate others who have not been as fortunate. Rather, they should utilize their jargon to tempt individuals to the universe of perusing and learning, and ought to be liberal about sharing the advantages of having a huge jargon. They should not spare a moment to share what they know, and should utilize their enormous jargon as an instrument in communicating as well as in helping other people to communicate also.

8 Tips for Building a Strong Brand, Not Just Another Website

8 Tips for Building a Strong Brand, Not Just Another Website Make Money Online Queries? Struggling To Get Traffic To Your Blog? Sign Up On (HBB) Forum Now!8 Tips for Building a Strong Brand, Not Just Another WebsiteUpdated On 26/07/2017Author : Pradeep KumarTopic : BloggingShort URL : https://hbb.me/2tUyQ0r CONNECT WITH HBB ON SOCIAL MEDIA Follow @HellBoundBlogHaving an appealing and efficient brand can make or break a company. Branding serves to represent what a company stands for and can drive up customer interest. Building a company’s reputation starts with establishing a brand that portrays its identity. We’ve listed eight steps you can take to structure a brand that will stand out amongst competitors’ marketing.1. Have your brand reflect who you areThe first step in building a strong brand is to make sure it represents who you are as a company. Design questionnaires that ask customers and employees what they believe you stand for. Consider how you want to be received by your audience. After pinpointing the perception, you hope to broadcast, work on creating thoughts, feelings, images, and experiences that center around your brand message. Strive to focus on your unique qualities which will serve as the basis for your brand definition. Once you have identified the brand image you hope to project, design all your marketing elements to reflect your message. Take into account how your writing style, color scheme, and logo design play a role in communicating your message.2. Know your audienceGathering and analyzing data about the market where your product or service will be offered is essential in building a strong brand. Knowing the spending habits, location and needs of your consumer will help you develop an appealing brand. Sites such as Google Analytics can tell you a lot about those who show interest in your sites. The tool reveals viewers demographic information and identifies what parts of your site are clicked on the most. It’s also advisable to take a look at comment threads on your site or others tha t are relevant to your topic. Pay attention to customers who may be talking about a particular solution to their needs. You can also administer surveys to gauge your audience’s interest. This can give you ideas about what your company should address. Building your brand around your audiences needs will help you gain a loyal following.3. Be consistent across all platformsOne way to ensure your brand is not forgotten in the minds of consumers is to stay consistent across all marketing platforms. Do not leave room for a variety of interpretations. Consider your brand when choosing a domain name by making sure it is memorable and fits the brand. Develop brand guidelines which specify which fonts are appropriate and how to correctly use logos, icons, and taglines in print and online. Make sure all employees have a guidebook to eliminate any confusion on how the brand should be presented. When posting on sites other than your main page, use a consistent tone and style so the consumer ca n easily comprehend what your brand entails.4. Know your competitionMonitoring business rivals and researching their brand is important as you seek to make your own mark in your industry. Conducting a competitive analysis makes you more informed on your market and opens your eyes to what others are doing and why. Learn your competitors strengths and weaknesses. If you see they lack in particular area, you can make sure to address the need to set yourself apart. Understand how competitors utilize their marketing message. In what way can you differentiate yourself to steer customers your way? Once you are well-informed on your competitors marketing tactics, you can build a strong brand that edges out the competition by making yourself unique.READ3 Simple Tips and Tricks for Future Blog Pros5. Seek to Build Long-term Relationships with your CustomersTo make your company a success, it is important to communicate your brand to build lasting relationships. Reach out to your customers freq uently. Send them informative newsletters if they are on your email list and make sure you post to your social media sites regularly. Engage with your customers by replying to their posts. Your goal is to be accessible to keep prospects interested in what you have to offer for a long period of time. Offer customer rewards which will help remind them of your brand. Make yourself a household name in the community by hosting events. Making your brand more visible in the community will help you acquire more loyal customers.6. Issue Content that is Helpful to your AudienceMake your brand recognizable in online communities by providing helpful commentary. Quickly respond to customer service questions to show you are committed to the success of your company. Utilize sites such as Twitter as a means to reach out to those in need of advice. Not only is this beneficial to your customer, but it also gives you a chance to market your brand as one that is accommodating when it comes to customers ’ needs.7. Identify how you are perceived in the marketplaceOne way to ensure your brand message is being received is by determining brand perceptions. First, you will want to find out how those in your organization view your brand. How do they believe your brand stands out from the competition? After identifying how they distinguish you from competitors, turn to your customers’ views. Issue surveys to see if consumers’ perception of your brand is consistent with what those in your organization believe it offers. If there is a consensus in how your message is absorbed, then you can conclude that you have been successful in communicating your brand image. However, if the consumer is receiving a portrayal of your organization that is not in line with what you hope to communicate, you will know you need to restructure parts of your branding. By analyzing consumer and employee perception, you will be able to strengthen your brand by altering it to ensure your intended message is c ommonly understood.8. Routinely Analyze and Refine Your BrandTo ensure you remain competitive in your market, you should periodically review your brand to determine its effectiveness. While consistency is important, it is okay to change your brand to ensure it is bringing the customer the intended experience. Your target audience’s preferences can change over time and have your brand reflect what most appeals to them are essential to its success.

Global Trade Identify The Losers - 1626 Words

With the advancements in technology and innovation, the world appears to continue to grow smaller. With technology and innovative advancements, businesses have grown in local markets, as well as globally. An organization located in Taiwan seeking buyers and understanding the demands required can sell products all over the world. Multinational companies have been doing business in other countries for a century; however globalization has changed the picture for even smaller companies around the world. Smaller companies can also get their market share in the global economy. In this paper, globalization is defined, as well as identifying various challenges and opportunities associated with globalization. Defining Globalization Globalization is the distribution of products and services to nations around the world. Each nation s economy is integrated and interdependent upon each other. The Global Trade: Identify the Losers (2011) website states, American companies such as Apple create jobs in the United States but have also created jobs elsewhere. There are increasing job distribution overseas because of the number of applicants at a fraction of the salary. The Global Trade: Identify The Losers (2011) website highlights with globalization organizations can choose to source their manufacturing needs in other countries where labor is less costly. Technological and innovation advancements have permitted globalization to grow decreasing barriers to trade. Organizations canShow MoreRelatedUnit 2 Individual Project Mgmt 220 Aiu Online1365 Words   |  6 PagesInternational Trade Unit 2 Individual Project Presented in Partial Fulfillment Of the Requirements for the Class MGMT 220 Introduction to International Business By Marisa Canales AIU Online 14 January 2011 When I, Marisa think about international trade one country comes to mind; Japan because Japan manufactures cars or electronics for example for America but it needs from us metals like iron and copper. Without us trading back and forth with Japan both sides would be hurting economy. InRead MoreThe Falling Oil Prices Of 2014 : A Case Study1421 Words   |  6 Pageschanges in the exchange rate, oil exports as a percentage of country revenue, production and consumption levels (i.e. supply and demand), among other variables; these variables will be used as determinants of which countries are the net winners and net losers in the oil price decrease seen in 2014. The focus countries of the case study are the United States (U.S.), Russia, China, Japan, and select Organization of Petroleum Exporting Countries (OPEC). Oil Industry Historical Background The major shockRead MoreWho Have the Been the Main Winners and Losers from Globalisation?2973 Words   |  12 PagesWho have been the principal winners and losers from globalisation? Globalization affects everyone, whether intended, directly or otherwise; it has gradually increased its presence in our daily lives. In this essay, I will point out who are the ones benefited and the ones injured from it by breaking down the question in four broad aspects: economic, political, socio-cultural and environmental. Seemingly, I will analyse the causals for this particular outcomes and distributions that indicate thatRead MoreThe Uk Should Leave The European Union1593 Words   |  7 Pages Identify and analyse the major issues that divide those in favour of the Britain’s leaving the European Union and those who oppose it. Who do you expect to be the major gainers and losers? Be sure to explain why you see them as gaining or losing, using economic reasoning. You should suggest which of these gains and losses you think are likely to be most important. Throughout this essay I am going to be exploring the current issues surrounding the decision of whether or not theRead MoreHow Do Global Regulations Influence Businesses Operating Internationally? What Are The Major Obstacles?1328 Words   |  6 PagesChapter 4: 1. How do global regulations influence businesses operating internationally? What are the major obstacles to global regulation? The rationale for government regulation is to protect economic wellness and competition in the market. Without competition, organizations have the ability to exploit the market. Public concerns include unethical practices such as scams, price fixing, and false advertising. Social concerns include pollution, protecting historic or natural resources, workplaceRead MoreWinners and Losers in a Consumer Society Essay1681 Words   |  7 PagesEssay Plan: Outline who are the winners and losers in a consumer society. Introduction: Paragraph 1 Outline – short general explanation/ to give the main features or general idea of. Consumer society – Point out this essay is looking at consumer society. Who – highlight the essay is looking at who. The winners and losers - define this concept in the introduction as it is the main content phrase in the essay question. There are three parts include in the main body that discribeRead MoreNeoliberalism And Capitalism And Privatization Essay1930 Words   |  8 Pagespresented conflicting interpretations of the success of neoliberal policy and the degree to which it is responsible for the international financial crisis’s of the past. Prominent neoliberals such as Friedrich Hayek insisted that deregulation, free trade and privatization all contribute to the greatest prosperity for the greatest number. However, other prominent economists such as Joseph Stiglitz argue that neoliberalism produces a ‘market state’ which in turn engenders an environment of instabilityRead MoreMarketing Analysis : Global Supply Chain Essay1721 Words   |  7 PagesGlobal supply chain remains a highly contested theme and there have been many attempts to define the real winner and compet ition of market power in the literature. The participant network varies in size and scope, depending on the products involved, geographic dispersion of supply and demand, and customer service requirements. Martin Christopher (2011: 15) states that within global supply chains the real competition is not company against company but rather, supply chains against supply chains. ThisRead MoreImpact Of Globalization On The United States And Our Relations With Other Nations Essay2272 Words   |  10 Pagesoccurred since the 1990’s. Robertson identifies four significant events which have had the greatest effect on globalization. First off, political barriers to international trade between the United States and the rest of the world have quickly declined over the past couple of decades. There have been many trade agreements and treaties established since the 1990’s which have opened many doors for the United States. Some of these include the North American Free Trade Agreement along with the additionRead MoreThe Economic Integration And Industrialisation Essay1916 Words   |  8 Pagesworld, concepts that have only originated in the last 150 years, which can be characterised by their success in global economic integration and industrialisation (Nayyar 2013, pp. 41). Globalisation has led to an increasingly connected and global economy, contributing to these often polar areas of the world. The capitalist ideology has been a driving force in shifting economics to a global scale, and in pursuit of wealth and competition can be attributed to the inequalities and differences observed

Laetoli - 3.5 Million Year Old Hominin Footprints

Laetoli is the name of an archaeological site in northern Tanzania, where the footprints of three hominins--ancient human ancestors and most likely Australopithecus afarensis--were preserved in the ash fall of a volcanic eruption some 3.63-3.85 million years ago. They represent the oldest hominin footprints yet discovered on the planet.   The Laetoli footprints were discovered in 1976, eroding out of a gully of the Nagarusi river, by team members from Mary Leakeys expedition to the main Laetoli site. Local Environment Laetoli lies in the eastern branch of the Great Rift Valley of eastern Africa, near the Serengeti Plain and not far from Olduvai Gorge. Three and a half million years ago, the region was a mosaic of different ecotones: montane forests, dry and moist woodlands, wooded and unwooded grasslands, all within about 50 km (31 miles) of the footprints. Most Australopithecine sites are located within such regions--places with a wide variety of plants and animals nearby. The ash was wet when the hominins walked through it, and their soft print impressions have given scholars in-depth information about the soft tissue and gait of Australopithecines not available from skeletal material. The hominin prints are not the only footprints preserved in the wet ashfall: animals walking through the wet ash included elephants, giraffes, rhinoceroses and a wide variety of extinct mammals. In all there are 16 sites with footprints in Laetoli, the largest of which has 18,000 footprints, representing 17 different families of animals within an area of about 800 square meters (8100 square feet). Laetoli Footprint Descriptions The Laetoli hominin footprints are arranged in two 27.5 meter (89 foot) long trails, created in moist volcanic ash which later hardened because of desiccation and chemical change. Three hominin individuals are represented, called G1, G2, and G3. Apparently, G1 and G2 walked side by side, and G3 followed along behind, stepping on some but not all of the 31 footprints of G2. Based on known ratios of the length of a bipedal foot versus hip height, G1, represented by 38 footprints, was the shortest individual of the three, estimated at 1.26 meters (4.1 feet) or less in height. Individuals G2 and G3 were larger--G3 was estimated at 1.4 m (4.6 ft) tall. G2s steps were too obscured by G3s to estimate his/her height. Of the two tracks, G1s footprints are the best preserved; the track with footprints of both G2/G3 proved difficult to read, since they overlapped. A recent study (Bennett 2016) has allowed scholars to identify G3s steps apart from G2 more clearly, and reassess the hominin heights--G1 at 1.3 m (4.2 ft), G3 at 1.53 m (5 ft). Who Made Them? At least two sets of the footprints have been definitely linked to A. afarensis, because, like the fossils of afarensis, the Laetoli footprints do not indicate an opposable great toe. Further, the only hominin associated with Laetoli area at the time is A. afarensis. Some scholars have ventured to argue that the footprints are from an adult male and female (G2 and G3) and a child (G1); others say they were two males and a female. Three dimensional imaging of the tracks reported in 2016 (Bennett et al.) suggests that G1s foot had a different shape and depth of heel, a different hallux abduction and a different definition of the toes. They suggest three possible reasons; G1 is a different hominin from the other two; G1 walked at a different time from G2 and G3 when the ash was sufficiently different in texture, producing differently shaped impressions; or, the differences are a result of foot size / sexual dimorphism. In other words, G1 may have been, as others have argued, a child or a small woman of the same species. While there is some ongoing debate, most researchers believe that the Laetoli footprints show that our Australopithecine ancestors were fully bipedal, and walked in a modern manner, heel first, then toe. Although a recent study (Raichlen et al. 2008) suggests that the speed at which the footprints were made might affect the kind of gait required to make the marks; a later experimental study also led by Raichlen (2010) provides additional support for bipedalism at Laetoli. The Sadiman Volcano and Laetoli The volcanic tuff in which the footprints were made (called the Footprint Tuff or Tuff 7 at Laetoli) is a 12-15 centimeter (4.7-6 inches) thick layer of ash which fell on this region from the eruption of a nearby volcano. The hominins and a wide variety of other animals survived the eruption--their footprints in the muddy ash prove that--but which volcano erupted has not been determined. Until relatively recently, the source of the volcanic tuff was thought to be the Sadiman volcano. Sadiman, located about 20 km (14.4 mi) southeast of Laetoli, is now dormant, but was active between 4.8 and 3.3 million years ago. A recent examination of outflows from Sadiman (Zaitsev et al 2011) showed that the geology of Sadiman does not fit perfectly with the tuff at Laetoli. In 2015, Zaitsev and colleagues confirmed that it was not Sadiman and suggested that the presence of nephelinite in Tuff 7 points to the nearby Mosonic volcano, but admit that there is not conclusive proof as of yet. Preservation Issues At the time of excavation, the footprints were buried between a few cm to 27 cm (11 in) deep. After excavation, they were reburied to preserve them, but the seeds of an acacia tree was buried within the soil and several acacias grew in the region to heights of over two meters before researchers noticed. Investigation showed that although those acacia roots did disturb some of the footprints, burying the footprints was overall a good strategy and did protect much of the trackway. A new conservation technique was begun in 1994 consisting of application of a herbicide to kill all the trees and brush, the placement of biobarrier mesh to inhibit root growth and then a layer of lava boulders. A monitoring trench was installed to keep an eye on the subsurface integrity. See Agnew and colleagues for additional information on the preservation activities. Sources This glossary entry is a part of the About.com guide to Lower Paleolithic, and the Dictionary of Archaeology. Agnew N, and Demas M. 1998. Preserving the Laetoli foodprints. Scientific American 279(44-55). Barboni D. 2014. Vegetation of Northern Tanzania during the Plio-Pleistocene: A synthesis of the paleobotanical evidences from Laetoli, Olduvai, and Peninj hominin sites. Quaternary International 322–323:264-276. Bennett MR, Harris JWK, Richmond BG, Braun DR, Mbua E, Kiura P, Olago D, Kibunjia M, Omuombo C, Behrensmeyer AK et al. 2009. Early Hominin Foot Morphology Based on 1.5-Million-Year-Old Footprints from Ileret, Kenya. Science 323:1197-1201. Bennett MR, Reynolds SC, Morse SA, and Budka M. 2016. Laetoli’s lost tracks: 3D generated mean shape and missing footprints. Scientific Reports 6:21916. Crompton RH, Pataky TC, Savage R, DAoà »t K, Bennett MR, Day MH, Bates K, Morse S, and Sellers WI. 2012. Human-like external function of the foot, and fully upright gait, confirmed in the 3.66 million year old Laetoli hominin footprints by topographic statistics, experimental footprint-formation and computer simulation. Journal of The Royal Society Interface 9(69):707-719. Feibel CS, Agnew N, Latimer B, Demas M, Marshall F, Waane SAC, and Schmid P. 1995. The Laetoli Hominid footprints--A preliminary report on the conservation and scientific restudy. Evolutionary Anthropology 4(5):149-154. Johanson DC, and White TD. 1979. A systematic assessment of early African hominids. Science 203(4378):321-330. Kimbel WH, Lockwood CA, Ward CV, Leakey MG, Rak Y, and Johanson DC. 2006. Was Australopithecus anamensis ancestral to A. afarensis? A case of anagenesis in the hominin fossil record. Journal of Human Evolution 51:134-152. Leakey MD, and Hay RL. 1979. Pliocene footprints in the Laetolil Beds at Laetoli, northern Tanzania. Nature 278(5702):317-323. Raichlen DA, Gordon AD, Harcourt-Smith WEH, Foster AD, and Haas WR, Jr. 2010. Laetoli Footprints Preserve Earliest Direct Evidence of Human-Like Bipedal Biomechanics. PLoS ONE 5(3):e9769. Raichlen DA, Pontzer H, and Sockol MD. 2008. The Laetoli footprints and early hominin locomotor kinematics. Journal of Human Evolution 54(1):112-117. Su DF, and Harrison T. 2015. The paleoecology of the Upper Laetolil Beds, Laetoli Tanzania: A review and synthesis. Journal of African Earth Sciences 101:405-419. Tuttle RH, Webb DM, and Baksh M. 1991. Laetoli toes and Australopithecus afarensis. Human Evolution 6(3):193-200. Zaitsev AN, Spratt J, Sharygin VV, Wenzel T, Zaitseva OA, and Markl G. 2015. Mineralogy of the Laetolil Footprint Tuff: A comparison with possible volcanic sources from the Crater Highlands and Gregory Rift. Journal of African Earth Sciences 111:214-221. Zaitsev AN, Wenzel T, Spratt J, Williams TC, Strekopytov S, Sharygin VV, Petrov SV, Golovina TA, Zaitseva EO, and Markl G. 2011. Was Sadiman volcano a source for the Laetoli Footprint Tuff? Journal of Human Evolution 61(1):121-124.

How I Learned Me My Writing - 1226 Words

Throughout my whole life, I really struggled with writing. Every time the English teacher gave the class an assignment to write an essay, I was always felt terrified because I never saw any improvements in my writing whenever I got my essays back from the teacher. However, I wanted to change that this year. Writing 101 has been a very interesting class this year, especially since the theme of the class was â€Å"tai chi on paper†. In this class, I learned many techniques that helped me improve my writing like I learned how to take time and revise my writing a lot before I turned in my final draft to my professor. One thing I really liked about my writing class this year was the fact that Professor Olufs had the class read each other’s essays. I think that was a huge step for me because I was always embarrassed by how I wrote my essays. But through this process of writing, it had taught me that it is very important to have your peers or your instructor to revise your essay before you turn it in. It honestly made a huge improvement in my writing because it is a great way to see what they think about your essay. Sometimes they can offer some good ideas on how to improve. Since it’s from a different perspective they are easily able to point my mistakes. Having someone revise your essay is a great technique to do even if you revised it yourself. For instance, in my essay #4 which was about on â€Å"how do you learn a new skill relating it to tai chi† I revised it so many times before IShow MoreRelatedMy First Time Making A Career Goal1516 Words   |  7 Pages2015 Lesson Learned To me, this semester has gone by pretty fast and during this semester, I learned so much in this course in a short period of time. I learned how to study different methods of writing and writing in different purposes. I also learned different things just by having online discussions and most importantly, I learned how to improve my writing skills and how this course changed my perception of English and apply it in the future. I have gained so much knowledge about writing in this classRead MoreWriting, Writing And Writing993 Words   |  4 PagesWriting In biology has taught me a lot about scientific writing and just writing in general. From this class I feel as if my writing skills have drastically improved over the semester, making me a more proficient writer. I used to consider the task of writing appalling and demanding as it would take me hours to complete, but now at the conclusion of the semester that is not the case. Each project give me a new set of valuable skills that I wi ll be able to use far into my future career, helping meRead MoreSignificant Improvement : Things That I Have Learned From English 10101105 Words   |  5 PagesThings that I have Learned from English 1010 Have I improved from when the class started to now? Or have I remained the same or worse have I become a worse writer and reader? These are questions that need to be answered by a self-reflection and evaluation. One must always set goals and analyze their growth or the lack thereof. The analysis of progress helps show how far one has come, and it also helps the rate of improvement accelerate. Throughout this semester, I have improved my writing, readingRead MoreGraduation Speech : My Writing Skills943 Words   |  4 PagesThroughout the course of DE, I have truly learned a lot and my writing skills have truly improved tremendously. Taking this class has helped me become a better writer and has helped my grammar grow extremely. 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I had grown as a writer compared to when I first walked into English 1100, I had some writing experience but not much my grammar lacked and I was the queen of sentence fragments. Throughout the semester during English

Effects of Legal Framework Woolworth Limited

Question: How legal frameworks affects Woolworth limited. Answer: Introduction This report examines the management of Woolworth Limited Company Australia. The aim of the report is to study the various legal frameworks and policies and observe how they influence operation of the company. The report will also examine some of the international policies that affect the business at a global level Woolworth Limited Background Woolworth Limited is one of Australias biggest retail company regarding revenue and the second largest in New Zealand. It boasts of being the biggest liquor retailer in Australia and also offers gaming and hotel services. With its headquarters based in Sydney Australia, Woolworth runs about 961 stores in Australia alone and boasts of 111,000 employees who are stationed in various stores and distribution centers to run its operations. Globally the number of staff working for this organization stands at 193,000 according to Woolworth annual report of 2016 Its products are mainly sold in supermarkets, hotels, and pubs. In supermarkets, it operates under the Woolworth brand while in liquor stores it supplies Dan Murphys and BWS. In hotels and pubs, Woolworth Limited operates under the ALH Group (Australian Leisure and Hospitality Group). The group is believed to own over 10,000 poker machines in Australia which bring in over $1.2 billion regarding revenue each year. In summary, Woolworths ranks amongst the top food retailers in the world and approximately 31% of market share in Australia(See appendix 1) Changes in the market structure have pushed organizations to think outside the box when it comes to developing strategies that will lead the company to profitability. One of the main factor that affects and determines which strategy is to be used is the external environment. According to Hollensen (2007) the strategy adopted by Woolworth limited is aimed at achieving higher profitability and growth while at the same time minimizing operational losses. In addition the analysis further indicates that Woolworth just like other global companies is susceptible to environmental factors that might affect its operations and profitability in the long run (Kotler Armstrong, 2010). Competition Policy Review Woolworth has been making a difference in terms of profit margins in the recent past, but the introduction of major amendments in the competition policy which seeks to introduce major micro-economic reforms threatens the growth of this organization. Some of the major concerns that Woolworth has raised concern over and will affect the profit margin of the company includes the amendments in the Consumer and Competition Act of 2010 that will create a leeway for misuse of market power provisions. Changes in this clause may negatively affect the performance of Woolworth in the already volatile market. For instance the amendment of clause that would see non prohibition on price discrimination introduced into the competition policy has been welcomed by main players in the grocery sector as this would give and a better opportunity to increase their sales revenue. In addition an amendment that would see greater flexibility in the notification process for collective bargaining by upcoming businesses has also been highly welcomed by players in the grocer sector. Despite this there those amendments that have raised concern in the circles of management at Woolworth with regard to the competition policy. One of such amendment has been the extension of section 45 of the Competition and Consumer Act to cover what is reffered tto as concerted practices.If implemented this will have a negative effect on competition and in worst cases be harmful to the consumers who are at the receiving end. Another detrimental reform that may negatively affect woolworths perfomannce would be the introduction of the infamous effect-test Competition Policy Agenda Woolworth is operating in a market that is highly volatile and any changes to the competition policy may equally affect the performance of the business. The Australian government has moved to introduce various amendments in the competition policy some which have further favoured the business while others have been seen as a threat to the operation of the business. Woolworth as a retail industry in Australia has been one of the leading retail store in the industry. The firm has achieved a significant level of the market share and exponential growth across the Australian retail industry One of the main factors that has drove Woolworth into profitability especially in the Australian retail industry is the ability to operate multiple stores thus having the advantage of being spread over a larger geographical area as compared to its competitors. It commands about 31% of the market share in the Australian market alone (Kotler, et al,2009) Woolworth is also famous of their high food safety standard which has seen it attract more customers in the recent past. Safe and fresh products are always an attractive bargain for customers and this has further pushed up sales in major Woolworth outlets in Australia. In addition the prices of Woolworth products are affordable and this has attracted more customers to shop at their convenient stores (Johnson, Whittington,and Scholes, 2009),. Woolworth is also offering value for money to its clients. For instance, their products are fresh and hygienically prepared for the end consumer. This includes fruits and vegetables and other grocery products. The firm has gone ahead to partner with best farmers in Australia and its environs to supply them with fresh farm produce (Cadle, Paul, and Turner.2010). Legal Factors As Woolworth boasts of higher profit margins environmental factors continue to affect the productivity of the company in the Australian market. A closer look at its operations data show that the wine making business and its petrol investment have direct effect to the environment and thus having negatively affected its operations Legal factors has also played a role in affected the profitability of the company. Policies such as carborn tax that have been introduced by the government in Australia have seen companies such as Woolworth counting their losses. Other policies recently introduced such as the adoption of fair price policies have had similar effects on the profitability of the company (Wether and Otter, 2014). Political factors .Any political lobbying that may lead to the amendment of trade policies within the Australian economy may adversely affect the profitability of Woolworth in this market. Changes to local or national laws that do not support favorable working environment may in turn affect companies that are to operate under this new political dispensation (Starlin,2003). This might have serious implications on this firms in terms of profitability. In the recent years the Australian government has launched a series of laws that seem to negate fair competition in the market. This policies have seen to target specific companies within the retail industry and in the long run this companies have recorded losses. This companies include Woolworth. Their argument has been that Woolworth and other companies are enjoying monopoly and market dominance hence the need to amend the law to favor other players Economic .Factors that affect economy such as the rate of inflation and the weakening of the Australian dollars have been observed as serious economic factors that may bring a company to its ground. Trade regulations have also been seen as a threat to profitability of many businesses. A look at Australian retail market reveals that a deep in the market conditions as a result of bad economy has eventually throne the retail market into disarray. This has in turn negatively affected the productivity of market players such as Woolworth. Weakening of the Australian dollar and high inflation rates has further worsened the situation ((Woolworth Annual Report,2016) Technological advancement has also been seen as a key driver of the economy. Global companies like Woolworth have taken advantage of this tool and they are raking millions of profits due to efficiency and cost effectiveness that has been achieved as a result of technology. For instace looking at the Australian market, Woolworth has adopted the use of technology. Use of green refrigeration technology is just but a few of the many places where technology has been adopted in this company. However this tool has its fair share of trouble since it comes with disadvantages that may affect the productivity of the organization (Arthur, 2009). Cross-cultural practices and social factors should also be considered by company that is seeking to penetrate the market that it operates in. In Australia social factors are influencing consumer pattern. With this in mind companies need to invest heavily on the social and cultural practices of the consumers in order to push their products to potential consumers. Woolworth will have to develop ties with the local community through engagement and corporate social responsibility to increase customer base (Burt. Starlin,2003). An in-depth analysis of Woolworths limited has been conducted with an aim to assess the important strategies that have been in put in place to drive productivity. The result of the analysis has shown that Woolworth has specifically focused its strategies to control the market share in the Australian retail industry while at the same time attaining double growth in its operations. It is evident that the growth being experience in the firm is as a result of its strong commitment towards delivering high quality products to its customers while at the same time valuing its employees. The analysis of the macro environment facing Australian retail industry has had a direct impact on Woolworth as a firm operating within this market. Political conditions, social trends, changing demographic patterns and competitive business environment have all negatively affected the profit margin and overall growth of Woolworth.(McDonald and Wilson,2011). Conclusion According to the analysis, the Australia retail industry is flooded with companies offering similar products at almost the same price as Woolworth. Other retail stores have moved an edge further to cut the prices of their products so as to attract more customers to their stores. This move can adversely affect the profit margin of Woolworth especially if the competitors are offering high-quality products at a lower price. Woolworth needs to come up with a strategy to mitigate market price-wars that may arise as a result of this. For starters, they should avoid paying attention to the price competition and focus more on improving service delivery thus having an extra edge over their major competitors. They can also plan to buy out the upcoming new players in the market to reduce the level of competition Finally, the Australian retail market is a volatile market. Therefore Woolworth will be required to be in constant consultation with market observers in order to come up with strategies that will see the company sail through constant changes in the environment they operate in. This therefore will require strategies that are flexible and can accommodate sudden changes brought about by external environment(Porter, 2010). Economic indicators should also act as a red flag for the company when crafting up strategies that would see the company maximize their profit. Changes in the legal frame work will also have an effect on the operation of such firms and as a result this companies should always be on their feet thinking of how to maximize profit and minimize loss irrespective of these eventualities References Albaum, G. Duerr, E.2008. International Marketing and Export Management. 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