Friday, August 21, 2020

Substitute Goods Essay Example For Students

Substitute Goods Essay In financial aspects, one sort of good (or administration) is supposed to be a substitute useful for another sort to the extent that the two sorts of merchandise can be devoured or utilized instead of each other in probably a portion of their potential employments. Great instances of substitute merchandise incorporate margarine and spread, or oil and gaseous petrol (utilized for warming or power). The way that one great is substitutable for another has quick monetary results: to the extent that one great can be fill in for another, the interest for the two sorts of positive attitude be bound together by the way that clients can exchange off one useful for the other on the off chance that it gets worthwhile to do as such. We will compose a custom article on Substitute Goods explicitly for you for just $16.38 $13.9/page Request now Accordingly, an expansion in cost for one sort of good (ceteris paribus) will bring about an increment sought after for its substitute products, and an abatement in cost (ceteris paribus, once more) will bring about a diminishing popular for its substitutes. Along these lines, market analysts can foresee that a spike in the expense of wood will probably mean expanded business for bricklayers, or that falling PDA rates will mean a tumble off in business for open compensation telephones. Note that when talking about substitute products we are talking around two various types of merchandise; so the substitutability of one useful for another is constantly a matter of degree. One great is an ideal substitute for another in particular in the event that it tends to be utilized in the very same manner, at the very same expense, and with the very same nature of result; that is, when there is no specific impetus for a client to lean toward one over the other. Obviously, there are generally not many ideal substitutes aside from between two merchandise of a similar kind. Substantially more typical is for products to be flawed substitutes for each other. Minimized plates and tapes, for instance, can both be utilized for a similar reason (as media for recording and replaying sound), however there are huge contrasts between the two as far as strength, sound quality, and the expense of the account media and the gear used to record on it. Accordingly the two can be fill in for each other, yet there are critical exchange offs associated with choosing to substitute one for the other: on the off chance that you purchase a tape rather than a CD, you may save money, yet you will get lower sound quality and a less strong great; on the off chance that you purchase a CD rather than a tape, you may show signs of improvement sound quality yet you will pay more and you will be unable to tune in to the CD in your vehicle. By the by, CDs and tapes are substitute merchandise (however just incompletely): thus if changes in the market will in general dissolve the points of interest f picking tapes over CDs, (for example, a reduction in CD costs or expanded accessibility of vehicle CD players) it will in general increment the interest for CDs and decline the interest for tapes. Something contrary to a substitute decent is a supplement decent. As it were, acceptable replacement is a monetary idea where two products are of practically i dentical worth. Vehicle brands are a model. While somebody could contend that Ford trucks are vastly different from Toyota trucks, If the cost of Ford trucks goes up enough, a few people will purchase Toyota trucks.

Sunday, July 12, 2020

Cal Bar Essay Samples - Get Yourself Prepared For the Exam

Cal Bar Essay Samples - Get Yourself Prepared For the ExamCal Bar Essay samples can be found on various websites, in the US and elsewhere. They are designed to help you prepare for your Cal Bar exam.The BS test is usually taken by law students. In many places, the exam is a collaboration between the law school and the test company. Hence, it makes sense to work closely with these two parties, rather than taking the exam alone and suffering from headaches and other such stress related issues.For that reason, it is important to have Cal Essay samples at hand so that you do not forget or make mistakes during the exam. It helps if you do not cram during this period of time. You should be relaxed and concentrate more on your written answers rather than the timing and so on.The question banks for these exams are the same as those used in the government's quiz sites. The tests are typically five to ten minutes long and contain two sections, which include long-form essays and short-form essa ys. Most of the questions are posed to you in pairs or groups of two.Once you have answered some questions, you will then be given a prompt to write an essay. Do not spend too much time on this portion of the exam as it is not a test. Just go through the essay until you reach the last part that asks for your answer.After writing the essay, you can mark it or leave it as it is. Most questions are straightforward and do not require you to rewrite. If you get stuck while answering one or two questions, you can try to put forward a complete thought rather than rambling on.When the exam is over, you can either get help from the website of the Federal Judicial Center or ask the organizers for an alternate location to present your essay. The main goal is to learn the material so that you can sit for the actual exam in a few months.Cal Bar Essay samples are designed to guide you through the process of preparing for the test. There are many resources on the internet to help you prepare for t his exam, but a lot of it is just general advice and should not be considered as a replacement for your real preparation.

Wednesday, May 20, 2020

Reflection Paper On Storytelling - 1696 Words

Storytelling: A Reflection of Ourselves What’s the first thing that pops into your head when you think of storytelling? Is it the countless nights you laid in bed as a child listening intently to stories that made you believe you could be and do anything; you could be a pirate day and an astronaut tomorrow or even a detective outsmarting the bad guys like Sherlock Holmes and Watson or Nancy Drew. Or perhaps you think of that lecture in your high school or college history class when your professor showed you a documentary or a movie that introduced you to a part of the world, group of people, or a movement like The Black Power Mixtape 1967-1975 or Rob Marshall’s adaptation of Arthur Golden’s Memoirs of a Geisha that left you with a hunger†¦show more content†¦I grew up as a Pastor’s grandchild, a wholly different experience than my mom’s complicated experience as the â€Å"Preacher’s kid†. As a pastor my grandmother has what I always thought was an unwavering belief system in which God is everything, school wouldn’t get you to heaven, men were meant to sow their wild oats, and women were meant to diligently wait for their return. These were the lessons, the stories she impressed upon her children and left whispers upon the grandkids. However, I saw a remarkable change in my grandmother as she retold the sparse narratives of our family history to my sister and me. What I saw in my grandmother was self-reflection, reflection of the seemly unending cycle of uneducated women with babies to feed, no men insight, and grandsons toddling behind. In Why Stories Matter Marshall Ganz states that there are three parts to building stories that create social change, change that propels us forward not alone but together: â€Å"a leadership story is first a story of self, a story of why I’ve been called†¦the second story is the story of us†¦what experiences and values do we share as a community†¦ [then] there’s the story of now† (Ganz, pars. 13-15). These three stories can be found in my grandmother’s transformation. She found the story ofShow MoreRelatedStorytelling As A Form Of Storytelling1008 Words   |  5 PagesFurthermore, storytelling becomes a form of physical and psychological torture that the characters try to escape. There are two perspectives that torture illustrates in the plays. Torture as a form of storytelling is sharing the stories, but also how stories are told. The Pillowman forms storytelling as torture when the Tupolski and Ariel interrogate Katurian to expose his ide ntity through his stories. The push of storytelling as torture becomes a central focus when the use of language and wordsRead More`` Twilight Zone Of The Digital Age ``1032 Words   |  5 Pagesdistinct plot devices and storytelling patterns, making for a viewership experience that is discomforting, eerie, and ultimately, familiar in both medium and message. This paper will thus examine the narrative delivery structure of Black Mirror and explain how through its complex storytelling, it has been successful in creating a dynamic experience of spectatorship that implicates the viewer by engaging their self-reflection regarding its thematic contents. For this paper, I will examine the technicalRead MoreThe Role Of Storytelling In The Pillowman And Antigone In New York1416 Words   |  6 PagesThe Pillowman and Antigone in New York illustrate storytelling as a central role regarding the character truth. The impact of storytelling influences the actions and behaviour that the police officer’s observation affects the way the characters perceive themselves. Katurian in The Pillowman and the homeless, Anita, Sasha and Flea, in Antigone in New York represent the act of storytelling as a way to escape their realities. Storytelling examines the influence from the past to represent the problemsRead MoreNative American Paper1353 Words   |   6 PagesNative American Storytelling Paper Rashmi Price ENG/301 August 26, 2013 Dr. Gregory Beatty Native American Storytelling Paper Native American literature is considered by many as the traditional written and oral literature of Native cultures around the world. Many of these literatures are transmitted over periods of time by storytellers. This particular literature has many features that includes a mixture of oral tradition techniques along with tribal mythology. The majorityRead MoreAnalysis Of Postcolonial Politics Of Academic Writing815 Words   |  4 Pageshas readings covering Noxolo (2009), Jazeel Colin (2009) and Nagar (2012). What these authors have in common is that, they are all feminist geographers. Generally, Noxolo (1999) tries to answer a question posed in her article titled my paper, my paper: reflections on the embodies production of postcolonial geographical responsibility in academic writing, what are the responsibilities of as a postcolonial geographical writer? And in her attempt to answer that, Noxolo refers to three extracts fromRead MoreReflection Paper: Primitive Religion666 Wo rds   |  3 PagesReflection Paper: Primitive Religion Reflection Paper: Primitive Religion Hearing a religion deemed primitive does make one think that religion may not have much to offer, or may need many improvements. However, that is not really the case. Primitive religions are more focused on the oral traditions and storytelling that were common before technology essentially came along and took over everything. Now it is possible to find all kinds of information about different religions online. Some ofRead MoreThe Wife Of Bath s Tale931 Words   |  4 Pagesto be governed by their wives. The knight lets the poor and unappealing lady decide for them. From the beginning of the story, it shows that women have a power in their marriage. (ASSESSMENT) This article was found in AVL. (REFLECTION) This article fits into the research paper because it deals with the role of a woman and want she wants. The source was helpful to me it helped me understand the story better. I could use this source describe how the women is the head of the marriage, even though sheRead MoreMy Firs t Encounters With Writing921 Words   |  4 Pageshad hated me) made me inspect my writing closer than ever. I started to think that maybe writing was my gift, and that I just naturally excelled at it. As a junior in high school, I entered a writing workshop and always scored a 97 or above on any paper; except, despite the success, I still had not discovered my own voice. All the writing I had ever done was aimed towards formatting and facts rather than my own thoughts. It wasn’t until this year at Truman that I was introduced to the writer insideRead MoreThe Importance Of Guidance For Leaders And Employees1097 Words   |  5 Pagesenvironment for all that can destroy an organization. The purpose of this paper is to provide a sense of guidance for leaders and employees to employ when faced with volatile situations within their work environment. Such will foster team building and empowerment with quality patient care executed. This paper reflects on conflict resolution that is guided by evidence –based principles in order that resolution is a reflection of the high standards set forth by evidence-based practices. A case studyRead MoreHow Personality Testing Is Used On A Daily Basis822 Words   |  4 PagesSuch assessments as the Thematic Apperception Test, Neuroticism, Extroversion, and Openness inventory and the Psychopathic Personality Inventory are instruments, which assist the psychologist in assessing an individual’s personality. The following paper will discuss each of these tests. Thematic Apperception Test Thematic Apperception Test (TAT) is a personality assessment instrument. Created in 1935 by Henry Murray and Christiana Morgan the purpose of the test is to reveal the participants emotions

Wednesday, May 6, 2020

African American History Essay - 2129 Words

African American History During my early years of school, I remember being taught white accomplishments and wondering if blacks and other people of color had made any significant contributions to todays world. I noticed that television consist of all white people. Throughout my research paper I hope to cover certain aspects of African American heritage. Aspects such as blacks making up the largest minority group in the United States, although Mexican-Americans are rapidly changing that. The contributions blacks have provided to our country are immeasurable. Unfortunately though rather than recognizing these contributions, white America would rather focus on oppressing and degrading these people. As a consequence American†¦show more content†¦Individuality was not stressed but rather the importance of the extended family. I believe that African Americans suffering through the hardships of slavery strengthened the idea of kinship even further. The unity of the African culture became strong due t o a series of trials and tribulations. The majority of the slaves were employed in agricultural areas in the South. By the mid-19th century, a large number of slaves worked in urban areas as well, and about 5% worked in more industrial occupations. The hours of the slave workers were long. The average life expectancy of African slaves was at least 12% lower than whit Americans in 1850 and the infant mortality rate was 25% higher for slaves. Oftentimes slave marriages and families dissolved due to separation. This concept is horrible when you take under consideration that family was the entire basis of African culture. Although frequent separation occurred slaves were very careful to pass on the surnames of their black family of origin to their children. Kinship again is an importance in African society. Although the first steps towards in improvements for African-American culture began in the North, social and economic conditions didnt improve much at all. The racial attitudes of whites were still obvious among the white society. Laws banning interracial marriage and voting among free blacks accompanied every northern state emancipation. These laws were supposedly designed toShow MoreRelatedAfrican Americans And African American History959 Words   |  4 PagesAs African Americans we need to know the history of our ancestors in order to make the next generation better. African Americans need to know the struggles and hardships that our ancestors had to go through that pave the way for my generation and the generations after me. It is important to know how our ancestors had to endure slavery. If the older generation does not continue to pay homage to the history of our ancestors, the younger generation will lose sight of what our ancestors have been throughRead MoreAfrican American History : African Americans Essay2004 Words   |  9 PagesAfrican-American history originates before the development of the United States as an autonomous nation, and Afric an-American writing has correspondingly profound roots. The African-American writers kept the subject of southern slavery at the top and wrote about their experiences in 18th century America. The slave accounts were vital to African-American writing. Exactly 6,000 previous slaves from North America and the Caribbean composed records of their lives, with about 150 of these distributedRead MoreAfrican American History : African Americans1269 Words   |  6 PagesThere are countless examples of how African Americans have transformed history or made a mark on our country. African Americans have displayed heroism and bravery for what we believe in. Without Black History Month as a holiday, these people would not have been recognized for all of their many achievements. We must continue to celebrate the achievements of African Americans, and we must correct the inconsistences of the past. Black History Month should be kept as a national holiday as long as weRead MoreAfrican American Histo ry1885 Words   |  8 PagesGarvey captured the interest of many black Americans when he emphasized black nationalism and black separatism (White et. al. 2012). In 1966, former leader of the Student Nonviolent Coordinating Committee (SNCC), Stokely Carmichael, echoed Garvey’s philosophy when he coined the term â€Å"Black Power† at a rally in Mississippi (Brown 2014). Introduced as an oratorical tool, black power urged race pride and race unity to inspire militancy among black Americans. It was founded on the belief that black survivalRead MoreEssay on African American History in America1064 Words   |  5 Pagesrepresents one of the major themes in the history of African Diaspora in the Americas† (para. 1). African American history plays an important role in American history not only because the Civil Rights Movement, but because of the strength and courage of Afro-Americans struggling to live a good life in America. Afro-Americans have been present in this country since the early 1600’s, and have been making history since. We as Americans have studied American history all throughout school, and took one MonthRead MoreThe History Of Police And African Americans Essay1434 Words   |  6 PagesAfrican Americans in modern America have bound together in unity against inequality to help end the unnecessary murders and unjust police beatings. However, where did these tensions between police and African Americans begin? This question can be answered by looking at the history of police in America and why they were originally established. Police first came on to the scene in 1704 when Carolina established the nation’s first slave patrol that would turn into what we know today as the modern policeRead MoreFreedom And African American History Essay1680 Words   |  7 PagesFreedom And African American History 1 XIN LI The United States is a immigrant country, which faces varieties of problems. The African American problem is one of the most serious one. Racial segregation is a deep-rooted social problem, which reflects in every field in the United States. For example, education, labor market and criminal justice system. In the aspect of educationRead MoreThe Class Of African American History1157 Words   |  5 Pagesthis class...African American history. But why? Why did everyone inelegantly stare? Why does your skin color make matters this problematic? It’s essential that a class like African American history becomes more diverse. Most assume that this class is aiming for an African American audience. This assumption is completely misleading, but most fall the underdog to. The homogeneity society amongst the students is bare and should be altered. I’m currently enrolled in African American history. I’ve noticedRead MoreAfrican American History 122001 Words   |  9 PagesDuring the years of 1873-1923 was the worse for African American history. After 1877, blacks’ political rights were taken away through many occasions such as: fraud, intimidation, and murder. In 1890, legislators in Mississippi called a constitutional convention, implementing poll taxes, literacy requirements, and banned voting for people convicted of theft, perjury, arson, bribery, and burglary. Whites thought if they could put a limit to the educational achievements of Negroes, they could alsoRead MoreNational African American History Year876 Words   |  4 Pagesyear, February is to be known as the Black History Month, or formally known as National African American History Month. It is an annual commemoration of achievements by African Americans and a time for recognizing the central role of African Americans in United States histo ry. Black History Month had its origins in 1915 when Dr. Cater G. Woodson and his colleagues founded the Association for the Study of Negro Life and History (African American History Month, 2014). This organization is now known

Create Products And Services Customers Want -Myassignmenthelp.Com

Question: Discuss About The Create Products And Services Customers Want? Answer: Introduction This marketing management report is comprised of analysis of customer behavior of the target customer segment and strategies to change it to the desired product. The high involvement nominated product is Samsung Gear VR and the compared product is HTC Vive VR. Both the products are categorized as an entertainment product, which comes under esteem, needs stage of Maslows need theory. Further details of the products are mentioned in the description section of the report. These are high involvement products, which undergoes various steps of decision marketing by the customers. Various factors regulates the decision making process of the customers that are discussed in the report. The purpose of the report is to change the preferences among the target customers segment of Roy Morgan identified in the individual report. The first part of the report is comprised of the customer description and insight. As a matter of specification, the report would focus on the customers, who are aware of the specialties of Roy Morgan. Therefore, one of important components here is prior purchase experience. Theory of customer behaviour is included in the process to identify the selection process. This section would peek into the behavioral approach of these customers, when their peers and relatives offer them suggestions about the newly launched models of Roy Morgan. Here, there would be variations in the behavior of the customers. Some would just ignore the suggestions, as they think that what they know is enough. Some others would be interested to know more about the new models, offers and schemes on the purchase of the Roy Morgan model. This section of customers wants to enhance their buying behavior. The following part of the report discusses about the nominated products value proposition and the marketing mix strategy used by the company. The goals and objectives of the report identified in the next section for the competing product along with the value proposition and marketin g mix strategy to achieve the proposed goals. The report ends with the justification of selecting the strategies selected and the chances of success using the proposed strategies the marketing of the company. Target Customer - Description and insight Marketing theories identify the customers differently based on their purchasing behavior. Several behaviors are identified which can be like, amount of money, post purchasing behavior spending attitude and peer influence. The selected target customer for the purpose of study is the socially aware segment of Roy Morgans value segmentation. The segment of people holds this thinking pattern falls under the highest socioeconomic group in the Australian community. Age based demography of this group in Australia ranges from 18-40-years-old. Customers behaviour on purchasing any product could be described using the Maslows hierarchy theory of need that identifies five kinds of need visible in human kind. They are psychology, security, social, esteem and self-actualization need (Lester, 2013). Physiological needs identify the basic needs where the consumers are reluctant to think about the price and where the quality of the product is of main importance. Security needs comes after completion of physiological needs that covers safety, stability and law and order. Social needs on the other hand are the needs belongingness to feel the essence of ones presence as a social being. Esteem needs comes at fourth stage that seeks for achievement, respect, independence and prestige. The final stage varies person to person as per their personality and life goal. People aim to achieve the targets in this stage (Block, 2011). The product under study for the given target segment comes under the esteem need which is a psychological need; hence need more verification before consideration. Consumers Decision-making Decision making process goes under a several stages where stage of purchasing a product is the need recognition where the nominated product is already identified as esteem need. It is due to the satisfaction it provides to the consumer by the mode of achievement. The second stage is information search where the customer seeks for the details of the product. Next one is the alternative searching where the consumer seeks for alternative products available in the market. Purchasing decision is the final decision of the consumer based on the analysis of the previous stages. Post purchase where the consumer justifies their purchase (Solomon, 2014). Purchasing Behaviour Pricing level, risk level, quality feature, and high and low involvement are the factors that plays curtail role in decision-making. Pricing level The socially aware consumers are concerned about money and takes longer time in taking decision. However, they take less time in physiological products and longer time in esteem needs. Risk level Risk level is associated with the relation between accurate price and quality of the product. The esteem needs requires verification and confirmation before making decision. Quality feature It comes in accordance to every product starting from physiological to esteem ones. High and low Involvement Low involved products are those that requires less time in decision making such as the physiological products. Whereas, esteem product requires longer time and process for decision making this is why it is considered as high-ended product (Schiffman et al., 2013). Nominated Product Nominated Product Samsung Gear VR Manufacturer Samsung and powered by Oculus Price $ 99 USD Colour Black Features Supreme comfort Convenient control Super AMOLED display Light Weight Sensor: Accelerometer, Gyro Sensor, Proximity Sensor Availability Available in Samsung stores, third party stores and online market Compatibility Samsung Note 5, S6, S6 Edge and S6 Edge+ (Gear VR, 2017) Table No. 1 Value Proposition The value proposition of Samsung Gear VR focuses on the promotion of the features of the products. Various features like comfort, easy to use features have been highlight in their website. Compatibility with other devices and other inbuilt features are mention in details. The company also focuses on the benefits of using Gear VR and the experience the consumers can have from using it in their value proposition. The presentation of value proposition is up to mark as Samsung has followed the golden rules of value proposition for their Gear VR product. However, they failed to highlight the target population and explain who can use their Gear VR. Moreover, Samsung did not use any of the boosters of value proposition for their product (Lindi? Marques da Silva, 2011). Marketing Mix This is the combination of tactics and strategies used by a company to promote product in the target market. Traditionally the marketing mix is comprised of 4Ps that are product, price, place, and promotion. Additional 3Ps are added in recent year that are process, physical environment and people. Product Samsung launched their product in November 2015 along side of Galaxy s7 and s7 edge. The product was build for everyday consumers. The product is capable with multiple Samsung devices of their own brand like Samsung Note 5, S6, S6 Edge and S6 Edge+. One can find their Gear VR in any of the Samsung Stores in the market. Besides their own stores, Samsung made it available in other third party stores, supermarket and in various online stores. The device provides a supreme level of comfort to their consumers. Like their easy to use Smartphone that are available in the market, they made the device keeping the same perspective in mind. Super AMOLED provided in the Gear VR aims to provide an experience that they never had. Moreover, they made the device lightweight for distinguishing their product from the available devices in the market (Chikweche Fletcher, 2012). Price The price of the product kept under $100 USD to attract customers from every economic background. Moreover, the other similar devices that are available in the market have higher price range with greater facility. However, the product of Samsung is to target the lower and middle class population. Place Samsung Gear VR is available in every corner of the world. One can find a Samsung store almost in every corner of the world. However, the product is also available in the third party retailers and in e-markets too such as Amazon. The product is also made available in the companys own official website (Ataman, Van Heerde Mela, 2010). Promotion Samsung applies the price skimming theory in every one of their product. It is to attract and build the customer base before others can enter the market. Afterwards, they turn back to their actual promotion to keep up in the market increasing their sale. Even in the existing market, they use this policy to pull the customers towards them in the first days of the product launch. This case is no different from the case of smartphones. Moreover, the sample promotion is opted for the promotion that let the customers to experience the product before purchasing. The company also uses social media marketing as a primary marketing process of the product to attract the customer. It is also justified in case of Australian market as most of their population shows their noticeable presence in the social networks. Social media other than networking is also used as primary promotional activity (Yasanallah Bidram, 2012). Table No 2 Competing Product Compared Product HTC Vive VR Manufacturer HTC Valve Corporation Price $ 999 AUD Colour Black Features Lightweight Deluxe Audio Strap Vive tracker Real world awareness 110 field view 360 motion tracking 1080 x 1200 resolution with 90Hz refresh rate Dual AMOLED 3.6 diagonal Availability Available in HTC stores, third party stores, HTC official website and online market Compatibility Bluetooth, SD Card, wire connection with PC (vive.com, 2017) Table No. 3 Goal and Objective Goals are the principles set by the companies to take the necessary decisions for the betterment of the company. Whereas, the objectives are the specific and measurable steps that are taken by any company to meet their goals. HTC needs something out of line to sell their new product, HTC Vive kit in the market. Goal over three years set for the company for competing the nominated product in the market. They are Objectives Goals Measuring Unit 2018 2019 2020 Brand awareness Percentage of the target market aware of the product 25% 45% 70% Growth Annual increase in sales ($) 3m 5m 8m Image Percentage of the target market likes the product 25% 35% 55% Brand Loyalty Percentage of people suggest the product to others 10% 25% 50% Table No. 4 If HTC personnel conduct consistent evaluation of the achieved growth and the steps taken to achieve this growth, estimations regarding the effectiveness, feasibility and appropriateness of Vive Kit would seem to be an easy task. Moreover, evaluation would bring to the forefront the drawbacks of Vive Kit if any. This would enhance the awareness of the personnel regarding the additional steps needed to upgrade the standard and quality of Vive Kit for achievement of large scale customer satisfaction. Value Proposition A proper value proposition of HTC Vive can help HTC to turn the target segments interest from Samsung Gear VR to their product. The analysis of Samsung Gear VR shows that they have failed to specify the target population and who can use their product. HTC can utilize that in their value proposition along side with their product description. Their product serves range of purposes, which they should highlight in their value proposition and make clear distinction form Samsung Gear VR. Moreover, boosters of value proposition like free shipping, fast shipping, and bonus for the customers and many more could be utilize in their value proposition to grab the customers attention and make them think for it. Besides, they can also offer some free trial of their apps and games included in their Vive kit for a specific period after purchase to provide the extra benefit of purchasing their product (Osterwalder et al., 2014). Marketing Mix Product The product is available in any HTC stores and HTC official websites. Besides, it is also available in any third party stores and in the online market. It is lightweight with deluxe audio strap that makes it comfortable to use. New vive tracker helps one to keep track of their activities in the device. A front facing camera provides real world awareness while using the device. 110 field views with 360 motion tracking give one experience of supreme quality of virtual reality. 1080 x 1200 resolution with 90Hz refresh rate and Dual AMOLED 3.6 diagonal brings the extreme quality VR effect for the consumers. It is not limited to watching videos in VR. One can play games, attend virtual meeting, parties with HTC Vive kit. Application of this device is limitless (Khan, 2014). Price The price of the product is $ 999 AUD targeting the upper income group in the target market. There are many competitors providing similar product in low price where the features are also limited. The new HTC Vive VR brings all in one package of VR device that enables the customers to use every aspects of VR in one single device. The complete HTC Vive kit with controller is available in the price with extra benefit purchasing from the HTC official website. Place The product is available in every corner of the target market and available in in every third party retail store to reach out most of the target population. It is also exclusively available in HTC official website and other online stores (Armstrong et al., 2015). Promotion The company should utilize every possible aspect of social media marketing to attract the target customer segment with special focus on the social networking. Social networking is use by every age group in Australia, which enables them to address the larger population segment in a single shot. Moreover, they should provide sample to the retail store to let the consumers experience the features of the product before making decisions. Customers should be included in HTCs promotion, where the buyers will be sharing their experience and satisfaction using the product (Gordon, 2012). Table No. 5 Justification The value proposition proposed for the HTC Vive kit will definitely draw attention of the customers as they are set different from Samsung in more than one cases and provide more information of he benefits thee customers will have using the product. The features are well distinguished from the Samsung Gear VR where the customers are given opportunity to judge themselves the extra benefit they can have out of it. HTC specifies the particular segment of the population the product is made for which will give extra benefit to the company. Last but not the least, the booster proposed for the value proposition of HTC will draw more attention and make the customers think twice before going for Samsung Gear. It will supplement in building customer loyalty for the product. The high price is well cover with the extra benefits customers are getting from the product. The marketing strategy of HTC is set unique in promotion that will help them meeting their goal of brand loyalty and image. Goals of awareness, image, and loyalty are meet with the value proposition and marketing strategies, which will facilitate in generating growth of product sale. Conclusion The report successfully demonstrates the value proposition and marketing strategy for HTC Vive kit to compete Samsung Gear VR in the Australian market. The company will be able to attract the target segment and change their preference with the proper implementation of the proposed strategies. The goals and objectives set are easy to achieve with the unique value proposition and strategy as mention above. The justification section in the report could be considered as the evidence of its success of the strategies suggested. However, certain recommendations would expand the scope and arena of HTC business. These are: Adopting search engine optimization for conduct market research for enhancing the network chain Providing access to the customers by letting them test the samples of the Kit in the local stores. For this, the company needs to possess a good stock of Vive Kit. Here, stable relations with the suppliers and distributors would be crucial. For the promotion of the Vive Kit, the customers needs to be included, as they as the keystone for the company to achieve success. In order to avert encountering instances of inflation, fluctuation in the prices of the raw materials, the managers of HTC need to indulge in meetings with the members of Trade Union. This is important for providing the middle class customers with an opportunity to fulfill their passion of buying branded products like Vive Kit. The means of survey and feedbacks need to be adopted for gaining an insight into the customer approaches towards the newly launched Vive Kit. This can be done through the means of social media. Putting the survey and feedback forms on the social networking sites and official websites would increase the supply network of HTC. Constant evaluation of the undertaken steps is needed in order to assess their effectiveness, feasibility and appropriateness in terms of the identified and specified goal of business expansion. References Armstrong, G., Kotler, P., Harker, M., Brennan, R. (2015).Marketing: an introduction. Pearson Education. Ataman, M. B., Van Heerde, H. J., Mela, C. F. (2010). The long-term effect of marketing strategy on brand sales.Journal of business-law,47(5), 866-882. Block, M. (2011). Maslows hierarchy of needs. InEncyclopedia of child behavior and development(pp. 913-915). Springer US. Chikweche, T., Fletcher, R. (2012). Revisiting the marketing mix at the bottom of pyramid (BOP): from theoretical considerations to practical realities.Journal of Consumer Marketing,29(7), 507-520. Gear VR, 2017. Samsung . Retrieved from https://www.samsung.com/global/galaxy/gear-vr/ simplypsychology.org. 2017.Maslow's need theory. Retrieved 23 September 2017, from https://www.simplypsychology.org/maslow.html Gordon, R. (2012). Re-thinking and re-tooling the social marketing mix.Australasian Marketing Journal (AMJ),20(2), 122-126. Khan, M. T. (2014). The concept of'marketing mix'and its elements (a conceptual review paper).International journal of information, business and management,6(2), 95. Lester, D. (2013). Measuring Maslow's hierarchy of needs.Psychological Reports,113(1), 15-17. Lindi?, J., Marques da Silva, C. (2011). Value proposition as a catalyst for a customer focused innovation.Management Decision,49(10), 1694-1708. Osterwalder, A., Pigneur, Y., Bernarda, G., Smith, A. (2014).Value proposition design: How to create products and services customers want. John Wiley Sons. Schiffman, L., O'Cass, A., Paladino, A., Carlson, J. (2013).Consumer behaviour. Pearson Higher Education AU. Solomon, M. R. (2014).Consumer behavior: Buying, auditing, and being(Vol. 10). Upper Saddle River, NJ: Prentice Hall. Vive.com 2017, HTC Vive. Retrieved 22 September 2017, from https://www.vive.com/au/product/ Yasanallah, P., Bidram, V. (2012). Studying the Status of Marketing Mix in Consumer Cooperatives at Ilam Province from Members' Perspectives.American Journal of Industrial and Business Management,2(4), 194.

Thursday, April 23, 2020

Pay Motivating Employees

There are many ways to motivate employees to perform highly. Amongst the common approaches used to motivate employees perform well is financial incentive. It is the common belief of employers that high salaries and commissions motivate employees to perform highly.Advertising We will write a custom essay sample on Pay Motivating Employees specifically for you for only $16.05 $11/page Learn More This theory has worked in some cases since pay increases have generated desirable outcomes such as high performance, low turnover rates and high demand in the labor market. When employees perceive that they will be well remunerated for performing in a certain manner, they strive to achieve the targets set by their employers. The theory that ‘pay generates motivation in employees’ originated from the belief that workers go to work so as to earn money. This means that the primary drive for laborers is money since that is the reason why they go to work. W hat has been established so far from past studies is that pay indeed motivates employees to perform highly (Cameron, 2006). Pay does not however guarantee that there will be high performance from all employees since people react differently to stimuli. Whereas some respond favourably to pay packages, others want job security, recognition or improved working conditions. Pay therefore without a doubt motivates employees to perform highly but it does not work a hundred percent on all workers. It cannot be used as the only motivational factor that is applied so as to bring about high performance in the workplace. Pay does not successfully bring about desired outcomes because it shifts focus from the job to money. If employers make it a rule that high performance is rewarded with increased pay, employees perceive that the only reason why they work hard is to receive high income. Hence those employees who are contented with their pay get no reason to put in additional effort in their jobs . Pay as opposed to other sources of motivation is money centered and not job centered. Even though pay increases performance in the short term, it cannot be relied upon for long term sustenance of performance. Eisenberger, Rhoades and Cameron (1999) brought out that if performance reward expectancy is to be relied upon, there must also be high levels of job satisfaction amongst employees. If employees do not show interest in their day to day routines, then only those who desire to remain controlled will respond to pay incentives. This is not desirable for companies that try to instigate employees to practice self leadership.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The motivating effects of the organization’s compensation programs can be measured through a three stage action plan that includes: setting standards, measuring employee performance and giving feedback (Neely, 2001 ). Measuring the effect of a motivational program starts with the setting of objectives and standards against which performance can be compared. Comparing performance vis-a-vis standards should be done regularly and accurately so that the results can be reliable when used for rewarding employees. Giving of feedback is also particularly important during appraisals. Regular feedback ought to be given to employees so that they can be aware of their progress or weaknesses throughout their performance record. When measuring the motivating effects of the organization’s compensation programs, it is important to set challenging standards which are realistic, achievable and related to the company vision. In summary, the role of compensation plans in the motivation of employees is dependent on the nature of job, employees and effectiveness of their implementation. Pay motivates employees if it is used strategically to boost performance related employee appraisals. The motivating effect s of the organization’s compensation programs can be measured through setting standards, measuring employee performance and giving regular feedback. References Cameron, J. (2006). Rewards and intrinsic motivation: resolving the controversy.  Charlotte: Information Age Pub Inc Eisenberger, R., Rhoades, L. Cameron, J. (1999). Does pay for performance increase or decrease perceived self-determination and intrinsic motivation? Journal of Personality and Social Psychology, 77(5): 1026-1040 Neely, A. (2001). Business performance measurement: theory and practice.  Cambridge: Cambridge University Press This essay on Pay Motivating Employees was written and submitted by user Rene Dillard to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.