Speech Topic: Living in Beijing Rhetorical Purpose: To inform my audience about living in one of the fastest developing cities in the world, especially working conditions and opportunities there. Meanwhile, the different between New York City and Beijing. Audience Analysis: (Refer to chapter on Audience Analysis)(RU Core Goal: a) Summarize Audience demographics, prior exposure/knowledge, common ground/interest, disposition/attitude, and situational characteristics. Recognizing that China is becoming a major economic force in the world, and anyone going into any kind of business should be more educated about China. Since most of the audiences are college students who will start their businesses after graduation, China is a good place
As the rapid growth rate of economic environment in current world market, economic globalization is affecting emerging countries economic development by increasing oversea business activities such as FDI, export-import, also the culture communication between different countries are interacting and influencing each other during diplomatic business activities. The globalization also simulates innovation and creativity in the emerging countries; it encourages the spirits of entrepreneurship and drives the emergence of innovative business models. China as one of the fastest growing countries in efficiency-driven economy system, where economic growths are based upon manufacturing in domestic markets, outsourcing, and exporting products to foreign
The competition between businesses will ensure better quality of their goods and service they provide. Competition is well known for providing great productivity which leaders to a growth in the economy. Not only can competition improve the quality of work, it can also improve innovation. Innovation is an important quality to have in a company because it aids in keeping products and services fresh. “Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley).
Both these employees have shown their innovative approach at work and more than efficient attitude. As for Humbolt, he suggested the best project for the company by acquisition of Schnapps Brand. While the project investment is under the limits of capital budgeting, it is also enticing in terms of profitability and diversity to approach the varied class of customers. On the other hand, it was Morin who designed the price war and was the lead advocate, is yet another deserving candidate to lead the
Economic growth is driven by innovation, led by young entrepreneurial firms, where financing of these firms can be difficult because of moral hazard and asymmetric information. Venture capitalists are the specialists at solving these problems, connecting entrepreneurs who have ideas and technology with investors who have money. Ensuring funding for innovative firms has positive externalities on the economy, so it makes sense for governments to promote an active venture capital market. However, there is an argument for supporting the venture capital markets starting from standard macroeconomic theory: capital and labor should be available to produce output. How capital and labor are combined is central to how much output is produced.
Global supply chain is the one that hole the key to solve problem in the businesses. Companies that develop the most advance sustainable business practice can use their righteousness as a competitive weapon by lobbying the government. That opportunity would be benefit to the companies, communities, environment, and customers; this can help understand why we always say supply chain manager is the key to a better
Competitive advantage of a firm is the edge that it has over its competitors (Altharti 2012).It is important to state that competitive advantage (CA) cannot be achieved without a business strategy or business model. It is the business strategy, which is the management game plan for creating value for stakeholders and earning a reasonable return on investment that gives a company a competitive advantage over rivals in terms of higher financial performance on revenue, return on investment etc. The author accepts that Porter’s generic strategy and value chain are important tools in understanding the competitive strategies being deployed by rivals in any industry analysis. An understanding of the generic strategies such as the broad low cost provider, broad differentiation strategy, and narrow focus strategies on cost and differentiation being deployed by competitors can provide opportunities for existing and potential competitors by trying to achieve a lower cost or better differentiation by rivals. The value chain is an internal analysis of how an organization organizes
When Target delivers products and services at a low cost, which from economies of scales is considered as a competitive advantage, they are able to beat their rivals on price, and at the same time, have a higher profit margin while doing so. In addition, the new entrants require larger investing of their financial resources to be able to enter and compete in this industry. Without proper logistics, the marketing skills, the infrastructure, and the service, companies won’t last. For instance, take Target’s exit of the Canadian market in 2015. Furthermore, Target Corp. businesses becomes heavily reliant on technology investment to support multichannel efforts and transform information processes and computer systems more efficiently and run the business and remain competitive.
Higher education may not be fruitful all the way without inducing R&D environment. The importance of R&D is understood as also endorsed by endogenous economic growth theory and knowledge based economy phenomenon. The contribution of R&D in economic growth of a country is manifested mainly by developed countries while developing countries are trying hard to groom in innovative products and services through investment in R&D for sustainable economic growth. R&D, innovation and knowledge workers are elementary indicators for the economic growth by becoming knowledge based economy (Raspe & Van Oort,
5.0 ANALYSIS OF STRATEGIC FACTORS (SWOT) SWOT Analysis is a useful technique for understanding company’s strengths and weakness, and also for identifying both opportunities opens to the company and the threats that company face. Hence here are Apple’s SWOT analysis that gives insights on the actions of the company to maximize its growth based on such strengths and opportunities. Besides, it also highlights the most significant strengths that Apple can use to improve its position and financial performance as well as the weaknesses and threats that should be focused through innovative strategies. Firstly, the strength of the company is that it has the strong brand image. Apple is one of the strongest brands in the world.