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SAF criteria Nintendo can decide to pursue a pricing, quality, or innovative strategy to enhance its competitive advantage. Figure 1: pricing strategy Pricing Strategy Suitability Pricing strategy will address the key opportunities and constraints Nintendo faces. A lower price can be achieved by utilizing less expensive components, and the end...
The strategic planning process often goes through several stages that aim to facilitate the achievement of an organization’s objectives. The typical planning process often includes the analysis of the external and internal environments, definition of the business and the mission, setting the goals, formulation of strategies, and developing procedures for...
The video gaming industry is dominated by Sony, Microsoft, and Nintendo. The three firms are fiercely competing to outdo each other. Their strategies mainly revolve around innovation, pricing, and adoption of the latest technologies. Nintendo has been the market leader for a long time but was outdone with the entry...
SWOT Analysis Strengths Nintendo has various strengths that enable it to command a considerable market share in the video gaming industry. First, Nintendo’s video game devices and games are innovative and simple to use and are therefore attractive to the targeted market. Secondly, the company has a variety of video...
First, the company should adopt technologies that are less costly so as not to follow in Sony’s footsteps of producing each gaming device at an estimated $ 805 and selling it between $499 and $599. Secondly, the company should adopt technologies that will ensure that its products stand out just...
1) Many business models were invented in 2004 to attract customers. Owner-operated clubs were based on single-location operations, although small regional chains were created. Franchised clubs operated under the brand umbrella. There were also design companies and health spa that provided support to the health club industry. Thee models were...
Bally has been considered as the leading health club generating significant revenues. In the 1990s, Bally faced challenges because of weak performance, and, as a result, Bally’s stock price was decreased by 2003. In 2004, CEO Toback launched a new campaign on supplying fitness products for specialized shops. The company...
Health clubs charged a fee for joining and for a monthly subscription. The industry received about $ 800 per member annually, but this index varied significantly in the country. The club members usually had to subscribe for a minimum of one year. 66 % of members renewed the subscription. Clubs...
Foreign direct investment (FDI) is a direct investment in a host country by an international firm. It is the investment of foreign assets into the host country’s business or companies, but not in its stock markets. FDI is a durable and long-term investment that can stay irrespective of the prevailing...
There is the ‘headquarter effect’ when a foreign firm acquires a local firm. For instance, an international firm may decide to shut down critical aspects of the local firm due to centralization. This strategy could reduce the number of high-skill jobs and chances of growth in the host country. Moreover,...
General Electric Company is a mega-company that seeks to expand its business and gain a larger share of the market. The issues of global warming due to the emission of carbon dioxide threaten the company’s lucrative business of selling steam engines that use coal and petroleum products because environmentalists advised...
According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...
GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...
The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...
Historically, the ready-to-eat (RTE) cereal breakfast industry was characterized by relative stability and substantial profitability. The RTE market was dominated by the Big Three, such as Kellogg, General Mills, and Philip Morris, which created significant barriers for the entry of new brands. The main reasons leading to the current industry...
To gain a competitive advantage in the video game console segment, a company needs to adopt strategies that will enable its devices to stand out and therefore appeal to a larger portion of the market. Current market analysis indicates that casual gamers prefer video consoles that are innovative, affordable, and...
SWOT Analysis for Sony Strengths Sony has various strengths that enable it to command a considerable market share in the video gaming industry. First, Sony’s video game devices and games are innovative, technologically advanced, and, therefore, attractive to gamers of all age groups. The devices are also suitable for hardcore...
Figures 1, 2, and 3 show the different maps of strategic groups that outline the competition between the three main players in the video game industry. The 3rd generation video game consoles have been chosen to identify the main variables in the video console segment. According to the case study...
A brand is considered as an aggregation of emotions and functions association of a certain product or service. It acts as a customer’s assurance that the product or service to be purchased will perform as anticipated. Brands are very important aspects of the business as they greatly influence the sale...
What is the 4 p’s model? How does it operate? Read our article to get the answers and learn why the marketing mix suits more for product brands. The four P’S represents elements of the marketing mix. The 4 P’S model is considered as one method of the marketing mix....
Some managers in the General Electric Company are opposing the efforts of Jeffrey Immelt to reduce carbon dioxide emissions because they do not believe that the emissions cause global warming. Since Jeffrey Immelt thinks that carbon dioxide emissions cause global warming, he has vowed to transform the company into a...
Ophelia climbs a willow tree next to the stream, carrying some garlands made of flowers. The tree’s branch breaks, so she falls into the water. Since she’s gone mad shortly before because of grief, she makes no attempts to save herself and eventually drowns. Explanation: Ophelia is a character appearing...
Hamlet is a complex character because his controversial personality plays a crucial role in developing a tragic flow throughout the play. With the growth of Hamlet’s inner conflict, the intricacy of his temperament turns into a noticeable problem. Moreover, his behavior becomes impulsive, and he gets into a constant state...
In Act 3, during play-within-a-play, Hamlet criticizes Elizabethan theater. In particular, the line “Oh, it offends me to the soul to hear a robustious periwig-pated fellow tear a passion to tatters” shows the author’s disdain for the traditional acting practices of his era. Explanation: During the reign of Elizabeth I,...
The following excerpt from Act III of Hamlet shows Hamlet’s criticism of women: “I have heard of your paintings too, well enough; God has given you one face, and you make yourselves another: you jig, you amble, and you lisp, and nick-name God’s creatures, and make your wantonness your ignorance....
In Act III of Hamlet, the play-within-the-play reveals the crimes Hamlet’s uncle committed, and it was meant to become a lesson for him. Since the Elizabethan drama is characterized by describing human nature and their everyday sins, the play-within-the-play scene used in Act III is its perfect representation. Explanation: The...
Although Gertrude seems to be unaware of Claudius’s misdeeds at the beginning of the play, over the course of events, she starts doubting her assertions. Her beliefs are undermined when Hamlet murders Polonius and accuses his mother of betrayal. He reveals to her the truth about his father’s death and...
The ability to select a viable foreign market is a crucial undertaking whenever there is a need to expand and diversify operational strategies. Before expanding to international markets, it is vital to consider the level of demand for products being marketed by an organization. Market demand is an essential selection...
Although other modern forms of advertising have emerged, TV advertising is still vibrant in promoting goods and services in various targeted markets. Quite a large segment of the global population obtains information from Television sets. For instance, TV offers a ready platform for entertaining viewers who are spread across a...
The primary sampling is habitually done to warrant that the study populace that is being researched is accurately sampled while the study sample is equitably disseminated. In other words, the distribution of the sample within the population is fair. Moreover, the preliminary testing or previous sampling is useful in avoiding...
The conclusions of surveys are typically drawn from the population samples. The sample representation of the population is essential, and it usually is being determined by the two most important statistics. These are the margin of error and the confidence interval. The confidence interval and the margin of error measure...
Samples are typically used to describe the characteristics of the broader population. Sampling is the process of selecting some entities within a population to draw the general conclusion about the whole population or part of the. In most surveys, sampling is normally used instead of conducting the whole measurements on...
Several requirements are placed by the Federal Regulatory Agencies. In particular, the management of hazardous waste is regulated in the RCRA. This legal act implies that the Environmental Protection Agency has the authority to regulate the management of hazardous waste at various stages of the production process, such as the...
Private action against polluters is often regarded as one of the possible deterrents to the degradation of the environment. This belief is based on the assumption that these lawsuits will prompt companies to improve their environmental performance. In turn, it is possible to argue that private action cannot be regarded...
Effective communication is crucial in the business world, and technological advancements have made it simpler and more comfortable. Writing is one way in which communication is done, though its use has reduced significantly in the recent past. People now prefer to use telephones, text messages, and e-mails to communicate for...
There is no secret that, at present, several issues within the work of Quality Assistance could use some improvement. While a number of issues have been admittedly fixed over the past few years, some major concerns remain unresolved. One of these issues concerns the communication process between the QA and...
On December 2, 1984, deadly gas leaked from the plant in Bhopal, India, which was regulated by the Union Carbide Corporation. More than three thousand people were killed because of the disaster. During the first days after the disaster, the Union Carbide Corporation refused to take moral and financial responsibility...
During the 1960s-1970s, the new wave of the U.S. environmental movement contributed to enacting the series of strong environmental laws. The changes in the environmental legislation realized by the Congress of the United States were directly affected by the development of the environmental movement, which was closely associated with such...
When small companies start to expand, the issue of logistics becomes as topical as it has never been before. The routes that once seemed perfect suddenly become useless and new methods of transportation have to be chosen. However, by far, the most complicated logistics issue concerns the choice of intermodal...
Fluctuations in demand are inevitable when dealing with any kind of product, since, no matter how essential the given product could be. There will always be competitors, oversaturation of the market with the given product, or any other issue that will finally lead to demand rates swinging from high to...
Though personal computers were first made by Apple Company, IBM Company mainstreamed the market in 1980. Later on, in the early 1990s, Wintel Company was dominating the industry. Expanding the capabilities of computers and cheap prices were the main factors mainstreaming the growth of personal computers. By the beginning of...
On 1st April 1976, Steve Jobs and Steve Wozniak, together with other college dropouts in the USA, founded Apple Computers, and after several months, they had produced 200 units. This made them take on a new partner, Markkula, Jr., who was known to be an experienced businessman and used to...
Individuals who are mature enough are well endowed with unique cognitive capacities according to the moral point of view. Values, emotions, and aspirations of each individual vary across the board. This point of view identifies the uniqueness of each individual. On the other hand, sympathy has been associated with the...
Information on any moral misconduct within an organization can be released by either an active or a past employee to point out the ills being perpetrated. In the event of whistleblowing, there must be an incident taking place against the interests of the public. Duska argues that loyalty is not...
The employment contract is defined by several factors. For instance, an employee has the freedom to quit employment. Besides, an employer can dismiss an employee from work. The wishes of an employer are also fulfilled by an employee according to the directions stipulated at the workplace. Common law is the...
Labor and capital are costly requirements for a firm like Chrysler Corporation. To expand its product portfolio, the automobile company demands an additional capital. Besides, any slight change in technology in manufacturing its vehicles requires surplus investment. On the same note, hiring both professional and semi-skilled staff who can turn...
a) In the short run (next few months), what measures should the restaurant take to maximize its profits? Explain. The French restaurant enjoys monopolistic competition. In order to maximize its profitability in the short run, the management of the restaurant should apply an effective and practical economic model. As a...
Question a: Mergers in business management are critical in generating enough resources for an organization to operate effectively while providing a platform for a harmonized management approach. In the banking sector, the option of merging is usually a major capital budgeting undertaking. It largely saves costs and improves economic gains....
Over the years, e-commerce is a core factor in determining the levels of growth of small and growing businesses. However, the growth and development of a business such as a grocery shop may suffer major setbacks related to the small size of operations, reduced economies of scale, and transaction problems....
Due to the world’s increasing reliance on image recognition, successful retailers in the modern world are heavily investing in the creation of an attractive brand image for their products. Retailers lack adequate time and resources to develop new brand names every time they open new establishments since most of them...
Although the amount of analysis and planning involved in retail product management might appear vast, retailers should not underestimate the effects of consumer’s tastes on their sales turnover. Due to increased competition and development of interrelated products in the modern market, retailers have to increasingly focus on retail design as...
“Retail structures refer to the state of play in the competitive struggle between retail companies and businesses each of which is seeking to not only survive but also grow”. The struggle for dominance of markets in the modern economy is unending. This calls for retail companies to strategize on the...
A retail firm wishing to expand its activities into the international markets is faced with numerous options for market entry. These options include international mergers and acquisitions, organic growth, franchising, joint ventures, in-store concessions among others. Franchising, a market entry mode often adopted by firms in the food industry such...
Retail internationalization is one of the complex issues in retail strategy primarily due to the previously localized nature of retailing. The accelerating rate of internalization in the retail sector has attracted increased attention by scholars and business practitioners who have sought to understand what retail internationalization entails. The process of...
Price maximization entails determining both the price and output levels to gain maximum gains. Several approaches can be used to maximize profits. First, the latter can be attained by increasing the prices of goods and services. It is important to evaluate and note the difference between marginal revenue and marginal...
(a) Frequent-flier and frequent-stay programs: Frequent-fliers are incentive programs used by airlines to reward clients who have continuously been loyal travelers. The strategy aims to reduce travel costs to persuade travelers to become lifetime clients. Frequent-stay is a program that offers free stay in hotels for travelers who use hotel...
Rewards can be defined as things that motivate employees to work harder. Rewards and recognition are some of the ways that can be used to motivate employees into achieving the objectives of an organization. There are many types of rewards and most of them are associated with direct costs. However,...
Allstate insurance company is one of the companies in the world that are enjoying the benefits of having set diversity management as one of its strategic goals. One of the competitive advantages of this approach is better customer care, which leads to increased sales revenue. Since 1996, Allstate has been...
The main objective at Allstate is to bring together the differences in the workforce to achieve its mission and boost business success. In doing this, it has developed four major steps in setting its goals. These are succession programming, development, measuring steps, and accountability, and reward. Goal setting is a...
Nestle is a company that was established with the main goal of producing food products. The company has made several changes to enhance sustainability in the turbulent market. The first change was experienced when the company started to expand internationally. Several outlets were opened in foreign countries. This strategy was...
An incremental approach involves making small changes with time. The ultimate goal is to achieve significant changes by making small steps. An incremental approach in organizational change requires management to make small changes to ensure that all stakeholders get adapted to the new structures. The changes made by Brabeck-Letmathe were...
The first lesson from the case study of Nestle Company is that; divesting in the activities of a company is healthy because it improves profitability. As such, an organization can invest in profitable organizations only. The company closes or sells business units, which are not profitable. This helps reduce the...
The rise in the unemployment rate in the United States after the economic recession of 2007-2009 was severe and unprecedented. During this period, the unemployment rate rose from a low of 4.4% in 2007 to 10% in late 2009, which is higher than an average increase of 5.6% experienced in...
1) The multilateral real exchange rates are calculated based on many currencies. The multilateral exchange rates help to determine the dynamics and performance of a country’s currency relative to major world currencies. In calculating multilateral exchange rates, one takes some world currencies, assigns them relative weights, and then computes the...
1) The sacrifice ratio refers to the cost of outputs that result from a reduction of the inflation rate by one percentage point over a given period. One way of reducing inflation is through stringent monetary policies that lower the inflation rate by one percent over a given period. The...
Autocratic leadership style Advantages Autocratic style of leadership is very effective in times of emergency or stress since people will always work from orders or commands of their leaders. Such times require a leader with the ability to give instructions or guide and direct to those under his or her...
In essence, Spykes was not a bad product. Although it was an alcoholic product, it also doubled up as an energy drink that was caffeinated and was packed in different flavors like spicy lime, spicy mango, hot melons, and hot chocolates. Moreover, it was only 12 percent alcohol in content...
It would be a blanket accusation if say that all alcohol manufacturing companies fail in their ethical duty to be informative and be faithful in advertising. However, it would be an overstatement to say that alcohol companies satisfy this requirement. Because of the price wars that are evident in the...
Some beer, wine, and spirits ads can be misleading because they create a false impression of the brand they try to advertise. The law requires that only those who have attained the age of 21 years should drink alcohol. However, this is not true as alcohol continues to be abused...
There is a need for restrictions in alcohol advertisement so that the vulnerable youth that seem to be the target of the alcoholic beverage manufacturers can be salvaged from underage drinking that risks interfering with their health and career life. The agencies that are charged with monitoring the contents of...
1) The equation W/P = f (u, z) is a wage-setting (WS) equation. An equilibrium in the labor market is attained when the WS relation is equal to the price-setting (PS) equation. The WS is the employees’ bargaining place while the PS is the company’s position. The wages (W) are...
An open economy is open to foreign trade of goods and services. An open economy means that there is a high demand for a country’s products abroad (exports) and a decrease in domestic demand for its products because of the imports. Thus, spending in an open economy is given by:...
The IS-LM framework can be used to assess the effect of exogenous factors on variables such as output and interest rates. A fall in autonomous investment may be caused by a loss in business or investor confidence. Based on the IS-LM model, lo or Co will decrease causing the IS...
In the IS curve, interest rates are represented as a function of Gross Domestic Product (GDP). The initials I.S., in full, means the investment and saving equilibrium. It represents the locus points of all equilibriums; a point where total spending is equal to the total output of the economy (GDP...
The LM curve is derived from the money market equilibrium. It shows the range of values of interest rates, i, which when combined with the outputs, Y, give an equilibrium money market. The interest rate, i, can be interpreted as the opportunity cost of money i.e., payment for liquidity preference....
The Supreme Court ruled that videotaping a movie from television to watch later was not an infringement of copyright because of the following reasons. According to the fair use doctrine, as long as the material used was not meant for profit, then there is no infringement of copyright law. Sony...
Sony Corporation of America developed a video recording unit that made film industry members uncomfortable. Companies such as Universal Studios in the film industry decided to sue Sony and its distributors in the district court. These companies felt that Sony was contravening copyright laws. According to Universal Studios, Sony was...
Substance use is not a common phenomenon in Japan. This could be due to the tough laws regarding substance use in the country. For instance, a person may get a prison sentence of 10 years for using stimulants, and a life imprisonment for selling drugs. On the other hand, Egypt...
There are several benefits of identifying and researching addiction as purely a biological disease. First, addiction has a medical component. For instance, substances influence the landscape of receptors in the brain, in addition to, playing the role of neurotransmitters. Hence, the addict behaves as if he or she requires the...
The increase in the diagnosis of treatable addictive diseases has made medical practitioners lose the income and revenue they earned from organized medicine. Previously, these practitioners held a critical and profitable role in dealing with addictions, which the psychiatrists and addiction counselors, later, assumed. A while ago, physicians and psychiatrists...
Marijuana should not be criminalized due to the following reasons. First, the health risks such as impaired attention, lung cancer, and schizophrenia that are associated with the use of marijuana can also be caused by the legalized drugs such as alcohol and tobacco. Thus why should marijuana be criminalized due...
Marijuana should be legalized. The drug control policies have failed to prevent the use of marijuana in the country. This is based on the fact that a high percentage of the citizens are still able to access and use it despite its criminalization. Thus it will be better to focus...
The first element of arrest warrants that satisfy the Fourth Amendment warrant clause requires that the warrant must be supported by probable cause, not reasonable suspicion. This means that several legal standards must be satisfied. Second, specific details must be provided concerning the person, the place, and the materials to...
Despite the fact that reasonable suspicion and probable cause are common terms in legal circles, they are commonly misused and confused. The two terms have significant impacts on the rights of persons, the outcome of a situation, and are both concerned with the law enforcement officer’s overall impression of the...
The first characteristic of full custodial arrest is that it must demonstrate the highest degree of need to promote the legitimate interests of the government. Secondly, the full custodial arrest must demonstrate the fact that the suspect can interfere with the investigations or evade apprehension. The third characteristic of full...
This question is best answered by an examination of Illinois v. Wardlow. In the presence of a place marked for narcotics trafficking, Wardlow decided to flee upon spotting four police cars. He was apprehended and presented before a Supreme Court. However, the Court stated that headlong flight does not serve...
The first element in the determination of whether property is abandoned for Fourth Amendment purposes is the surrender of privacy such as abandonment of vehicles in an attempt to avoid apprehension or denial of car ownership by a person present. The second element is a person’s nature of tenancy that...
Defined by Bloom (2003, p. 14) and Ducat and Harold (1992, p. 28) as “exception to the warrant requirement will not apply if the officer has made an improper search (invalid warrant, no probable cause, etc.) or arrest,” plain view doctrine has generated intense criticisms in legal circles for long...
1. The two elements of the qualified immunity defense include constitutional violation and establishment of the right at issue during the time of the conduct of a state officer. The test is so easy for officers to pass because of the nature of the job that plays a significant factor...
The difference between subjective and objective tests of entrapment revolves around the fact that subjective test of entrapment focuses on the defendant’s state of mind, whereas objective test of entrapment focuses on the conduct of police officers during the entire period of inducement to commit the crime. The two elements...
1. The three justifications for exclusionary rule include the fact that it is a fundamental right that should not be violated, there are no exigencies, and to deter misconduct of police officers. The justification that the United States Supreme Court uses today is the exclusionary rule as a personal right...
Photo identifications are the most unreliable eyewitness identification procedure and are the main reason behind increases in cases of mistaken identities. The main reason behind this revolves around poor encoding of information at the time of perception. This is influenced by a myriad of factors such as distance between the...
The mental processes in the identification of strangers are complex processes that demand more than basic memory of facts. However, three main mental processes account for mistakes in identifying strangers. These include acquisition, storage, and retrieval. Acquisition refers to the process of perceiving and collecting information. Several factors such as...
A definition of the two terms provides a good starting point in examining the similarities and differences between the two terms. “The trespass doctrine provides power to search officers to physically invade constitutionally protected areas, which include persons, houses, papers and effects.” The trespass doctrine was replaced by privacy doctrine,...
The history of due process from the adoption of the U.S. Constitution to the present illustrates historical strides in efforts to present the nation with a constitution that can serve the interests of its diverse population. The birth of the United States’ constitution draws us back to the era of...
Based on the analysis carried out on the limitations of forensic science in the justice system, it is discerned that the Justice for All Act of 2004 is a worthwhile activity that seeks to exonerate the innocent. The process of determining the validity and reliability of evidence presented in criminal...
The increase in the number of television crime shows that focus on scientific evidence in criminal justice systems has generated intense debate on the need to examine the problems and shortfalls of scientific evidence. After reading all the aspects of the innocence project, several issues seem to come out. However,...
Such issues as immigration have long-been debated by economists and policy-makers. In popular opinion, this phenomenon is often associated with job insecurity and increased expenses on social security. However, one should take into account that legal immigrants can pay the same taxes and insurance fees and they do not always...
Globalization can empower and mobilize people of a culture, providing them with a method of representing themselves and supporting a collective identity of the people that belong to the culture. However, globalization can disempower people through misrepresentation, providing a means of being colonized further; and boosting the loss of independence,...
Corruption occurs as a result of poverty in the whole world. Corruption occurs at all ranks of the society from the businesses, the government, the judiciary, and the civil society. The poorest are the most affected by corruption may they be in rich or poor economies. All elements of the...