Saturday, December 28, 2019
Telstra Corporation Limited Analysis And Cost Of Capital...
Telstra Corporation Limited (ASX:TLS), founded in 1901, is a company listed on ASX that is a large Australian company and telecommunications and media provider. With the use of technology rampantly increasing in society, Telstra is a company that appeals to a vast range of people, providing consumers with mobile and media connectivity, businesses with necessary software and network applications, and the sick and elderly with ehealth solutions. This report addresses Telstra Corporation Ltd, its shareholders, risk-return analysis and cost of capital review. 1.0 Shareholder Analysis Telstra’s 2015 annual report, and the Chairman’s message outlines Telstra’s 2015 achievements. Some of which include increased return for shareholders, expanding coverage, increasing international connectivity through foreign investments opportunities and improved energy efficiency by reducing. Telstra is growing their telecommunication services in Asia by investing in Pacnet ltd, increasing the scale of their operational capability, expanding their reach across the region and widening their customer base. These achievements are likely to encourage potential investors who are well diversified to invest in Telstra, as they appear to be devoted to projects that promote recognition of Telstra and broaden their customer base, which in the long run result in increased profits. Furthermore, Telstra is striving to reduce their environmental impacts, even working with their customers to doShow MoreRelatedTelstra3996 Words  | 16 Pagesï » ¿ACCT 3583 Syndicate Case Study Report Telstra Corporation Limited                     By BIG MAC  Abilene Madeline Johan z3329202 Hui Melina Jarita z3357725                                                                          Lingbo Li      z3346177                                                                           Li Chen         z3326855                                                                           Xiaoyi Xu     z3326452 Yinan JiaRead MorePUFFERS PASTRY And Caffe Business PLAN5289 Words  | 22 PagesSince Puffers will be the first union restaurant in the state, ads will be placed in all of the union newsletters. Ads will also be placed in the local neighborhood newsletters. Puffers will be operated as a Sole Proprietorship. The total needed capital for Coffee Circus is $70,900. The amount needed for remodeling is $16000, and $23,000 for operations. This is a total of $31,900.Overall management will be the responsibility of the owner. The owner brings to the business over 10 years of businessRead MoreCorporation Law Essay10459 Words  | 42 Pagesknown as the maintenance of share capital is based on the need to protect shareholders and creditors. Share capital is the contribution made by shareholders by subscribing shares of the company. A company’s creditors can only look to the share capital for the payment in the event of a winding up. 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Large data collection and analysis emphasized a purportedly more systematic empirical approach to developing theory. Key words: accounting; neo-empiricism; capital markets research; behavioural finance; efficient markets hypothesis; positive accounting theory INTRODUCTION Around 1970 there was a dramatic change in the approach to accountingRead MoreDoes Study of the Information Content of Profits Announcements Explain Why Firms Use Particular Accounting Practice? Does It Help to Predict Which Firms Will Use Particular Accounting Practices?10615 Words  | 43 Pagestheories in economics and finance (and other disciplines such as psychology) and with the aid of computers, attempts to theorise accounting took a new direction. Large data collection and analysis emphasized a purportedly more systematic empirical approach to developing theory. Keywords accounting, neo-empiricism, capital markets research, behavioural finance, efficient This journal article is available in Australasian Accounting Business and Finance Journal: http://ro.uow.edu.au/aabfj/vol1/iss1/1 Read MoreNational Australia Bank Essay3858 Words  | 16 Pagesfinancial goals. On the National Australia Bank’s website, www.national.com.au, the â€Å"Corporate profile/financial services of Australia†clearly states the company’s intention to commit itself to help there customers; â€Å"We are constantly seeking to review our business processes and systems and implement improvements to our customer service that make it simpler and more convenient for you to do business with us.†As at September 30, 2004, the National in Australia had 34 integrated financial serviceRead MoreMarketing8520 Words  | 35 Pagesvalue-maximizers, within the bounds of search costs and limited knowledge, mobility, and income. They estimate which offer will deliver the most perceived value and act on it. Whether the offer lives up to expectation affects customer satisfaction and the probability that the customer will purchase the product again. Customer Perceived Value Customer perceived value (CPV) is the difference between the prospective customer’s evaluation of all the benefits and all the costs of an offering and the perceivedRead MoreCustomer Retention in Telecom Industry5857 Words  | 24 PagesCustomer Retention: With Special Reference to Telecommunication Industry in Sri Lanka K. A. Silva Lanka Com Services (Pvt) Limited, Colombo, Sri Lanka S. T. W. S. Yapa Department of Decision sciences, University of Sri Jayewardenepura, Nugegoda, Sri Lanka samanyapa@sjp.ac.lk ABSTRACT The landscape of the telecommunication industry in Sri Lanka has been changed drastically since the deregulation of telecommunication sector in early 1990s. Number of service providers has been increasedRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words  | 1594 PagesTheory and Models Chapter 7: Riskless Rates and Risk Premiums Chapter 8: Estimating Risk Parameters and Costs of Financing Chapter 9: Measuring Earnings Chapter 10: From Earnings to Cash Flows Chapter 11: Estimating Growth Chapter 12: Closure in Valuation: Estimating Terminal Value Chapter 13: Dividend Discount Models Chapter 14: Free Cashflow to Equity Models Chapter 15: Firm Valuation: Cost of Capital and APV Approaches Chapter 16: Estimating Equity Value Per Share Chapter 17: Fundamental Principles
Friday, December 20, 2019
Gathering Information Data For The Iep Process - 873 Words
The story you told in class today was incredible. I couldn’t imagine going through something like that, in your shoes or in her teacher/councilor/principals shoes. It must have been such a scary experience. Your story moves me to more deeply understand why you should always be caring and understanding, especially towards children. Seeing your daughter in such a fragile state had to of been terrible enough, but then to have a principal with lack of understanding must of made it ten times worse. The councilor, Grace, seemed caring and understanding, which had to have been at least a little relief on your part. No one knew what your daughter was experiencing and she deserved and needed that caring and understanding from everyone. As a teacher or any other school official, you don’t know the entire story nor do you know what the parents are going through. The child and parents deserve you patience, caring and understanding. Gathering information data for the IEP process is important. I think it is one of the most important aspects of the entire ordeal. If a student truly needs special education services then the referee needs hard evidence to support their accusations. There should be lots of observing and data collecting to really even determine that a child needs special education services in the first place. I think keeping a notebook on the child would be a good idea. I’ve learned in my pervious education courses that keeping a behavior notebook on students you areShow MoreRelatedProcess of Developing and Implementing an Individualized Education Program (IEP) 837 Words  | 4 PagesIEP Reflection IEP Reflection The development and implementation of an Individualized Education Program (IEP) occurs after a student is eligible to receive exceptional student services through a referral and evaluation process. In order to maximize academic success, the IEP must be implemented with fidelity following a systematic approach to skills while meeting the needs of the student. A multidisciplinary team, also known as the IEP team, is responsible for developing, implementingRead MoreIn 1986, The Education Of The Handicapped Act Amendments1129 Words  | 5 Pagesprovide interventions for these at-risk students. IDEA also provided support for training teachers, counselors, therapists, and many other service providers that provide supports to students with disabilities. The states were requires to provide more data on outcomes and to place a focus on intervention to help keep students out of special education. Students were no longer allowed to fall significantly behind their peers before receiving additional interventions and parents were included as equalRead MoreA Report Card For Yankton School District1188 Words  | 5 Pagesrequirements, I collected data for the Yankton School District and the Mitchell School District from the South Dakota Department of Education’s website. I specifically looked at each district’s report card that in cluded performance indicators, school performance index, staffing and student population statistics, attendance numbers and high school completion and college and career readiness statistics. Each school district’s report card contained further detailed information and percentages regardingRead MoreIdea Guidelines4828 Words  | 20 PagesProgram (IEP). An IEP must be written for each student with an identified disability. Each IEP is uniquely designed to meet the individual needs of a particular student. 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It is the intentions of this proposed plan to investigate the affect an additional hour of planning time for special education teachers will have on the effective teaching practices for 8th-grade students being serviced with an IEP? Review of Literature Teacher Planning Activities Every aspect of the learning environment centers on the teacher and their abilities to address the activities that will impact student learning prior to instruction within the classroom, making teacherRead MoreEnglish Figurative Language Summative Assessment Essay1240 Words  | 5 PagesWong. Vicente Flores is one grade level below his current grade. He does have a learning plan which consists of a shortened test, oral answers, and using manipulatives, just to name a few. Mingyu Wong has a shortened IEP which states she requires practice emphasizing critical information, using graphic organizers, and pre-teaching vocabulary. She is also one grade level below her current eighth-grade level. Analysis of learning outcomes The English figurative language summative assessment consisted
Thursday, December 12, 2019
Marketing Analysis of Tesla
Question: Discuss about theMarketing Analysis of Tesla. Answer: Introduction Tesla Motors was founded in 2003 as a California Startup by a group of Silicon Valley engineers who wanted to promote sustainable electric cars. The electric cars would be better than the gasoline powered cars as they will have instant torque, high power and contribute to minimal environmental pollution. Although at present the cost of the electric cars is high, the next generations of the electric cars will become more and more affordable. The ultimate goal of the company is to provide sustainable medium of transportation without compromising on the product quality and consumer experience. As a result, Tesla has conducted several experiments in terms of design and style of the manufactured cars. These electric cars are excellent transportation medium without any negative impact on the environment. Initially, the company designed a powertrain which was built around an AC induction motor (Hardman, Shiu and Steinberger-Wilckens, 2015). The name of the company is based on the inventor N ikola Tesla, who patented this technology in 1888. In 2008, Tesla Roadster was launched which can accelerate at a very speed in few seconds and travel to a range of 245 miles per charge of the battery. In 2012, the Tesla launched a four wheeler based on the same technology. The Model S sedan was the first electric sedan car completely driven by electric power. The electric car consumers can easily charge their cars at home without the need of visiting a gas station every time their vehicle runs out of gasoline. In long distance routes, the company has established a network of superchargers which cover half of the main routes in the USA, Europe and Asia Pacific. It has manufacturing plants in the USA and Netherlands (Tesla, 2017). It is an innovative organization focused on energy conservation. Tesla has attracted a large number of customers who are environmentally-conscious. In this regard, in this report, the marketing strategy of the company, its main customers and suppliers and the competitors have been examined. Marketing Background of the Company Tesla is a sustainable auto maker and electric car company. It comes under the automobile industry and its major competitors are the leading automakers such as General Motors and Toyota. The ultimate mission of the company is to increase the popularity of electric vehicles. Precisely, it strives to offer the customers sustainable transportation mediums without sacrificing the associated comfort of the cars. It targets the market of the affluent customers who are willing to pay large down payment. It includes the upper class business executives who are willing to experiment with new products and pay premium price for them. The Tesla Roadster was focused on the customers who were looking for luxury sports car. This customer segment is also predominated by the male population. It mainly focuses on the customers who are conscious about the emission patterns of their vehicle. It allows zero environmental emission without sacrificing the quality and the performance of the traditional vehic les (Karamitsios, 2013). In the recent years, Tesla has come under the leading luxury automobile manufacturers across the globe due to its unique marketing strategy and product offering. It is a vertical manufacturer which means that it directly manufactures and sells the products to its customers. The company has several showrooms at popular shopping malls; however, the customers can only enrich their information regarding the electric cars, they have to make the purchase directly online. It helps in keeping the expenditure of the company low and creating unnecessary risk by increasing inventory (Birk, 2015). It is a catalyst in personal transportation and developing disruptive and breakthrough technology in the automobile sector. Tesla has increased the market demand for luxury zero-emission vehicles and also joined hands with other automobile manufacturers to increase the number of production lines. The cars manufactured by the company are solely driven by the electric batteries. As it is innovative technology, the company has to work with several suppliers who do not traditionally work with the automobile manufacturers. Therefore, Tesla has collaborated with large automobile companies to keep the economy of sales low (Supply Chain 247). Analysis of the Current Main Products, Services, Suppliers and Customers The first car of the company Tesla Roadster was launched in 2008, and since then the company has sold a large number of electric cars all across the globe. It is an electric sports car which runs on the lithium-ion batteries. In 2010, the company launched its vehicle in the UK and Ireland. The United States is the leading market for the electric cars. It is the second largest electric car manufacturer after Renault-Nissan Alliance. Recently, the Model S of the company has become the most popular vehicle driven by electric power. It is highly widespread and became the first ever car to top the sales list of any country. It has adopted a unique sales model wherein the customers are provided after sales services to all the customers. As it is a small company, it suffers from budget constraints. In order to keep the economy of scale minimal, it has reduced the inventory requirements (Tansel, 2016.). The company manufactures the cars after receiving the orders from the customers. It contr ols the expenditure of the company; however, the customers have to wait for a long time before delivery takes place. In its sales model, the company has developed a large number of stores and galleries at the busiest markets and shopping malls. These stores work as showroom for the company where the customers learn about the company and its vehicles. The interactive display at the companys stores is focused on four major themes, namely, safety, electric motor, charging network and autopilot feature. The sales model of the company is very different from the standard model adopted by the automobile companies. It is the only car manufacturing companies that sells the cars through online mediums without any middle man or dealer. The company targets the affluent customers as the cost of these cars in high (Carlson, 2013). Recently, Tesla is conducting experiments with the technology to decrease the model cost, increase the customer outreach and penetrate the target markets. In Australia, the first showroom of the company was opened in 2010 in Sydney. Subsequently, stores and service centers were opened in Melbourne and Richmond. Marketing Strategies of the Company Although Tesla is a small car manufacturer, it has adopted several unique marketing approaches to establish its presence in market. In the following section, the marketing mix of the company in terms of pricing, promotion and distribution are discussed. Pricing Strategy: Tesla has entered the markets as a mass producer of the electric vehicles which has given it a competitive advantage in terms of pricing. It has adopted the premium pricing strategy according to the target customers. As it is a disruptive technology, and the wealthy customers are more willing to experiment with new products, it has selected the affluent customers as its target base. In regard to the prices, the models of the company rival the companies such as Mercedes-Benz, BMW and Audi. It focuses on adopting the value based price model. Accordingly, the company provides all the luxuries of a traditional car and is environmental-friendly (Ferrell Hartline, 2013). Moreover, although the initial price of the cars is high, the customers save on the gasoline prices. Recently, the company has adopted a pricing strategy to lower the cost of its existing car models and launching new models to increase the customer base. It is focusing on tapping the mass market and prod ucing cars at large volume to increase its revenue (WN, 2016). Promotion Strategy: Tesla Motors has implemented several promotional strategies to engage the potential owners. It uses the combination of events, online promotion and broadcast media for advertising. In its promotional strategy, the company focuses on different target customers irrespective of their age or income. Their advertisement focuses on the efficiency and the benefit of the electric car (Fifield, 2012). The events are also effective in promoting the companys products. It also organizes events in art galleries, hotels and restaurants to enhance the knowledge of the people regarding the electric cars and creating a stress-free environment which leads to the customer decision. Today, online mediums are also critical in the promotion of the products. The website of the company contains large number of incentives and plans to attract the prospective customers. Other than that, the company also uses the YouTube videos, blogs and social media in its promotional strategy (Pride Fer rell, 2016). Distribution Strategy: Tesla motors are growing at a phenomenal pace and over the years, expanded its operations in several places in Europe, North America, Asia and Australia. It is also focusing on expanding the product range and reducing the cost of the automobile to become more available for the mainstream customers. Since it is a small automobile company, it controls its expenditure by manufacturing cars only upon orders (Fifield, 2008). It has several stores and service centers at the busiest locations; however, the customers can only gain knowledge regarding the company and its models from there. This strategy has increased the sales of the company as the customers having no-to-little knowledge of electric cars learn the benefits of owning an electric car. Tesla has also adopted the strategy of opening their stores at shopping malls so that the customers coming to buy clothes or watching movies also learn about the new cars. Tesla has also observed that these people become the potential customers of the company (Hoffmann Coste-Manire, 2012). Comparison of the Marketing Mix to the Competitors Major Competitors Since the market for the mass-produced electric vehicles is new and emerging, the company has very few competitors in this domain. However, the luxury car-makers such as BMW, Audi and Toyota are the major competitors of the company. Renault-Nissan Alliance is also a major competitor of the company as they are investing heavily in battery-powered cars. BYD e6, a Chinese manufacturer is likely to become the largest selling electric car in future. BMW is also focusing on battery development for the electric vehicles. The motto of the company is not to sell the best electric car in the industry but the best car in the industry. Therefore, it focuses on developing best electric cars with all the features. As the company targets the premium and rich customers, the luxury brands are the major competitors of the company (Great Speculation, 2016). Marketing Mix of Competitors The major luxury car brands provide hybrid models rather than complete electric car models. Therefore, Tesla remains in competitive advantage to attract those customers who are environmentally conscious. Moreover, these companies distribute the cars with the traditional distribution model. Accordingly, the customers enter the distribution centers when they are in the need of buying cars. However, Tesla has created service centers and shops in shopping malls so that the people came to buy clothes can also learn about their product. These individuals can convert into potential leads (Viardot, 2004). While comparing the marketing mix of the company with other electric cars manufacturing companies, Tesla has several competitive advantages. For instance, it provides the supercharging facilities which are far superior to the charging facilities offered by other companies. The customers are also attracted towards the models of the company due to their clear pricing system and no pressure sales system. The customers can easily navigate the showrooms; learn about the system and the new cars, without any pressure of buying the models. Moreover, the company has adopted a non-negotiable, transparent and clear pricing system which makes the customers comfortable. Recommendations and Conclusion Due to the image of the electric cars, their low performance and high prices, the customers avoid buying these cars. However, Tesla has made several efforts to change the image of the electric cars and promote its sales. The company not only strives to create the best electric car but the best cars in the industry. It has focused its research on the development of low-cost batteries to reduce the prices of the cars. It has developed an innovative technology and competing with large auto makers such as Toyota, Ford and Mercedes with their electric cars. As the company is new and suffers from budget constraints, it has adopted several strategies to control their expenditure and increase outreach to the maximum customers. It involves opening up of outlets at shopping malls and busy locations. It offers direct connect to the customers and they can learn about new the company and the profits of purchasing the electric cars. Initially, the company also focused on adopting the premium prici ng strategy wherein the affluent and the rich customers are targeted. These customers are more willing to experiment with the products and have the budget to buy high cost cars. In its promotional strategy, the company used the combination of online medium and broadcast media. The company did not focus on a single target customer base and in its broadcast message elaborate the qualities and the benefits of the electric cars. Moreover, the company has also adopted an innovative distribution model wherein it only manufactures the product after getting orders from the customers. It reduces the cost of the company. In the following section, several recommendations are made so that the company can extend their marketing mix to large customer base. Product: Tesla offers exclusive cars which are driven only by the electric power. The core competency of the company is its environmental-friendly product. Moreover, the consumers can also reduce the cost of fuel after buying these cars. However, it can extend the product range by offering electric two wheelers and low cost product range. In its low cost series, the company can reduce the features of the cars. Pricing strategy: Currently, Tesla has limited customers due to the high cost of the electric cars. In order to increase the customer base, the company can reduce the cost of the cars. The low cost range should be capable of driving solely with electric energy; however, the features of these cars should be limited. Distribution: It can be deduced that several customers might avoid buying the electric cars due to the long waiting period after booking the cars. In this regard, the companies should keep few cars in inventory so that the customers with urgent needs can be addressed easily. Since the cars are manufactured after the order of the customers, the company should also offer the option of customizing the cars according to the needs or preferences of the customers. Promotion: In its promotional strategy, Tesla should also focus on connecting the customers through social media. It can examine the reaction of the customers towards the new product launch with social media websites and customize the products accordingly. Moreover, as the electric cars are brought by the business executives and managers of the business organizations, it can also strike deals with the business organizations and government agencies to increase its services (Doole and Lowe 2008). References Birk, D. 2015. Evaluation of the Marketing Strategy of Tesla Motors Inc. GRIN Verlag. Carlson, W.B. 2013. Tesla: Inventor of the Electrical Age. Princeton University Press. Doole, I., and Lowe R. (2008). International Marketing Strategy: Analysis, Development and Implementation. Cengage Learning EMEA. Ferrell, O.C., and Hartline, M. 2013. Marketing Strategy, Text and Cases. Cengage Learning. Fifield, P. (2008). Marketing Strategy Masterclass: The 100 Questions You Need to Answer to Create Your Own Winning Marketing Strategy : Including the New 'scorpio' Model of Market Strategy. Routledge. Fifield, P. (2012). Marketing Strategy. Routledge. Great Speculations. (2016). Should Tesla Be Worried About Competition? Forbes. [Online]. Available at: https://www.forbes.com/sites/greatspeculations/2016/01/04/should-tesla-be-worried-of-competition/#417f73fd3415 [Accessed on: 1 February 2017]. Hardman, S., Shiu, E. and Steinberger-Wilckens, R., 2015. Changing the fate of Fuel Cell Vehicles: Can lessons be learnt from Tesla Motors?. international journal of hydrogen energy, 40(4), pp.1625-1638. Hoffmann, J., and Coste-Manire, I. 2012. Global Luxury Trends: Innovative Strategies for Emerging Markets. Springer Karamitsios, A., 2013. Open innovation in EVs: A case study of Tesla Motors. Pride, W.M., and Ferrell, O.C. 2016. Foundations of Marketing. Cengage Learning. Supply Chain 247. Teslas Revolutionary Supply Chain. [Online]. Available at: https://www.supplychain247.com/article/teslas_revolutionary_supply_chain [Accessed on: 1 February 2017]. Tansel, A.K. 2016. Analysis of Tesla Motors Marketing Communications Strategy: Marketing Report. GRIN Verlag. Tesla. (2017). About Tesla. [Online]. Available at: https://www.tesla.com/en_AU/about [Accessed on: 1 February 2017]. Viardot, E. (2004). Successful Marketing Strategy for High-tech Firms. Artech House. (2016). That new Tesla probably won't be as cheap as you think. [Online]. Available at: https://article.wn.com/view/2016/02/11/That_new_Tesla_probably_wont_be_as_cheap_as_you_think/ [Accessed on: 1 February 2017].
Wednesday, December 4, 2019
Unemployment problem free essay sample
According to the Labor government and the mainstream media, Australia has one of the lowest unemployment rates in the world. In reality, joblessness has risen to serious levels, and is worsening, in working class suburbs across Australia. Officially, the unemployment rate in Australia increased to 5. 70 percent in October of 2013 from 5. 60 percent in September of 2013(Trading Economics, 2013). Unemployment is troubling for the unemployed people and their families because it will contribute to a variety of health and social problems. It will also have harmful effects on the nation’s economy because of the poverty issue caused by unemployment and the growing financial burden on society due to higher taxes. Action is therefore urgently required. This report will identify the effects and implications of the unemployment problem, analyse the causes, and suggest possible solutions. Impacts Research findings indicate that unemployed people in Australia suffer increased mortality and substantially poorer mental and physical health. We will write a custom essay sample on Unemployment problem or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They have greater prevalence of mental disorders such as anxiety, depression and psychosomatic disturbances (Fergusson et al 2007) which are often maintained throughout the period of unemployment. Job loss is also accompanied by negative lifestyle changes such as problems associated with the use of alcohol (Catalano et al 2009) and the increase use of nicotine and other substances. People who are unemployed also have increased incidences of medical conditions, which contribute to increased mortality rates. As well as these health effects, unemployment can lead to serious social problems for both employed and unemployed people in Australia. Homelessness and crime are serious social problems often caused by unemployment(Junankar, 2000). People who face long-term unemployment are placed under increasing financial strain over time. Often a quick fix is found in crime(Junankar, 2000). When a family member is in long periods of unemployment, there will be great pressure on other family members to provide financially. Also, an unemployed household may have to relocate in search of work, which adds to stress levels and disrupts childrens education. Being without a job disrupts a familys pursuit of a decent lifestyle and a healthy future. The health and social effects of unemployment in turn have economic consequences for Australian governments. The current president of the Australian Council of Social Services (ACOSS) estimated that at the beginning of 2013 about 2 million Australians lived in povertythe main cause being unemployment (McCallum, 2013). When the unemployment rate grows, the more tax we pay for welfare unemployment benefits, therefore the financial burden on society grows. An unfortunate consequence of higher taxes tends to be higher levels of resentment(Junankar, 2000). Also the strain on wage earners can add to their financial security, which in turn may lead them to vote against the government of the day as punishment. Causes The causes of Australia unemployment problem are multi-faceted and inter-related but can be summed up three heading: discouraged worker, high labour costs, the effect of recession and the baby boom after world war II The first reason is the discouraged workers who are in working age but not actively seeking a job because they believe there is none to find (Borowski, 1986). A comparison of youth unemployment in Australia and the United States discouraged worker effect is also shown by Debelle and Vickery (1998), to be the more important determinant of variations in unemployment problem. The reasons why more workers are losing faith in their work is: no job in their locality, lack of necessary training or working experiences, considered to be too young or too old to have a job and have personal or social handicaps . The first cause is no job left in their locality. Due to the fierce competition in job market, some regions which have great population and less jobs are hard to find a job, increasing the unemployment rate. The second cause is the lack of necessary skills training or working experiences, In today’s society, the phenomenon is that there is a shortage in skillful people while the unskillful is redundant ,so having an essential skill is really important. Skillful workers always tend to avoid facing the fierce competition in the job market. The third reason is the age problem, since the people who are too young or too old are not likely to be hired by employers, inasmuch as the youth lack working experience and the olds lack the energy to do a work well. The last reason is the personal and social handicaps, since some disabled people have trouble finding a job, and that kind of people is the majority of people who consist of the unemployment people. The second one is the high labour costs in Australia because Australia experienced tremendous upwards pressure on wages and salaries, the Australia people’s income is really high now, since the lowest income in Australia is $16/hr. This decrease the possibility of employers to hire more people and increase the illegal employment, which give rise to the high unemployment rate. The last reason is the effect of recession. As a result of world economic crisis, the output of Australia declined (Bell, D. N. F, 2010). Recession and unemployment in OECD, especially in mining industrial which is referred to the mainstay of Australia economy is suffered from a recession. With less output, the enterprises are less likely to hire more workers and sometimes fire some workers, increasing the unemployment rate in Australia. The last reason is the baby boom after second world war, since people born that era has reached the working age and inasmuch as they were in a poor age, they do not chances to have standard education and has become the most unskillful people in the society, leading to the unemployment problem. Possible Solutions Viable solutions to unemployment problems in Australia would depend on three basic strategies: multiskilling employees, maintaining a proper labour cost, investing in infrastructure. The first strategy of maintaining multiple skill would benefit discouraged employees greatly. As suggested by Lewis and Seltzer(1996), multiple-skilled workers have a higher elasticity of demand than single-skilled workers. A higher demand means more opportunities for discouraged employees to choose from. Additionally, multiple-skill can contribute to building up their confidence. From the perspective of labour market, a mix-skilled worker will also gain more attention which basically means more chances. A research conducted by Card and Kruegers (1994) revealed that the labour cost is relatively higher than the US. High labour cost is beneficial for the employed while disastrous for the unemployed. Business owners would hire less employees if the labour cost remains high thus can be an important driver of unemployment problem. Addressing this issue requires a intensive regulation of the labour market to measure the productivity as well as real wages properly. Richard (2011) suggests that Policies can be a driver in realizing this goal. Dawkins and Freebaim (1997), also argue that lower wages are a key factor in addressing unemployment problem in Australia. As lower labour cost is achieved, more corporations are able to hire a larger number of workers, thus more occupations are available to the whole society. However, a lower unemployment does not necessarily equals to a healthier economy . Richard (2011) indicates that it is important to achieve a balance between employment and unemployment rates in order to refect productivity properly as well as control the real wages. The unemployment cannot be regarded as a problem if the balance is achieved in terms of general economy. The recession of mine industry has a negative impact on Australian economy, numerous workers of mine industry are unemployed. The role of government in the policy arena is of vital importance in times of recession. One of the most effective approaches in terms of governance could be constructing more public infrastructure. This approach would benefit the Australian labour market in two aspects. A research conducted by Kenyon (1997) suggests that a great number of occupations could be provided in hard times through investing in infrastructure. Moreover, sufficient infrastructure gives more chances for Australia to develop other industries in which a large labour-demand could be created. The strategy of investing infrastructure can also well-resolve the unemployment caused be baby boom with the occupations created. Conclusion: This report is aiming at solving the Australia unemployment problem. To deal with this problem, we analyze the causes and impacts of unemployment problem in Australia and provide some effective solutions in the end, especially to the discouraged worker and the influent flowing job market. However, the Australia unemployment problem is a complicated one and it is rooted deeply in the capital society. The causes and impacts have interrelationship with each other, which can not be solved totally in this report by the remedy we offered. However, the government bureaucracies and public agencies and workers still need joint efforts to resolve the biggest trouble we are facing in Australia nowâ€â€the unemployment problem, since it could give rise to a number of other social and health problems and it is unsustainable, socially and economically (Chapman, 1997). Unemployment problem free essay sample It will also have harmful effects on the nations economy because of the poverty issue caused by unemployment and the growing financial burden on society due to higher taxes. Action is therefore urgently required. This report will identify the effects and implications of the unemployment problem, analyse the causes, and suggest possible solutions. Impacts Research findings indicate that unemployed people in Australia suffer increased mortality and substantially poorer mental and physical health. They have greater revalence of mental disorders such as anxiety, depression and psychosomatic disturbances (Fergusson et al 2007) which are often maintained throughout the period of unemployment. Job loss is also accompanied by negative lifestyle changes such as problems associated with the use of alcohol (Catalano et al 2009) and the increase use of nicotine and other substances. People who are unemployed also have increased incidences of medical conditions, which contribute to increased mortality rates. As well as these health effects, unemployment can lead to serious social problems for oth employed and unemployed people in Australia. We will write a custom essay sample on Unemployment problem or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Homelessness and crime are serious social problems often caused by unemploymentounankar, 2000). People who face long-term unemployment are placed under increasing financial strain over time. Often a quick fix is found in crimeounankar, 2000). When a family member is in long periods of unemployment, there will be great pressure on other family members to provide financially. Also, an unemployed household may have to relocate in search of work, which adds to stress levels and disrupts childrens education. Being without a ob disrupts a familys pursuit of a decent lifestyle and a healthy future. The health and social effects of unemployment in turn have economic consequences for Australian governments. The current president of the Australian Council of Social Services (ACOSS) estimated that at the beginning of 2013 about 2 million Australians lived in povertythe main cause being unemployment (McCallum, 2013). When the unemployment rate grows, the more tax we pay for welfare unemployment benefits, higher taxes tends to be higher levels of resentmentounankar, 2000). Also the strain n wage earners can add to their financial security, which in turn may lead them to vote against the government of the day as punishment. Causes The causes of Australia unemployment problem are multi-faceted and inter-related but can be summed up three heading: discouraged worker, high labour costs, the effect of recession and the baby boom after world war II The first reason is the discouraged workers who are in working age but not actively seeking a Job because they believe there is none to find (Borowski, 1986). A comparison of youth unemployment in Australia and the United States discouraged orker effect is also shown by Debelle and Vickery (1998), to be the more important determinant of variations in unemployment problem. The reasons why more workers are losing faith in their work is: no Job in their locality, lack of necessary training or working experiences, considered to be too young or too old to have a Job and have personal or social handicaps . The first cause is no Job left in their locality. Due to the fierce competition in Job market, some regions which have great population and less jobs are hard to find a Job, increasing the unemployment rate. The second cause is he lack of necessary skills training or working experiences, In todays society, the phenomenon is that there is a shortage in skillful people while the unskillful is redundant having an essential skill is really important. Skillful workers always tend to avoid facing the fierce competition in the Job market. The third reason is the age problem, since the people who are too young or too old are not likely to be hired by employers, inasmuch as the youth lack working experience and the olds lack the energy to do a work well. The last reason is the personal and social handicaps, since ome disabled people have trouble finding a Job, and that kind of people is the majority of people who consist of the unemployment people. The second one is the high labour costs in Australia because Australia experienced tremendous upwards pressure on wages and salaries, the Australia peoples income is really high now, since the lowest income in Australia is $16/hr. This decrease the possibility of employers to hire more people and increase the illegal employment, which give rise to the high unemployment rate. The last reason is the effect of recession. As a result of world economic crisis, the utput of Australia declined (Bell, D. N. F, 2010). Recession and unemployment in OECD, especially in mining industrial which is referred to the mainstay of Australia economy is suffered from a recession. With less output, the enterprises are less likely to hire more workers and sometimes fire some workers, increasing the unemployment rate in Australia. The last reason is the baby boom after second world war, since people born that era has reached the working age and inasmuch as they were in a poor age, they do not the society, leading to the unemployment problem. Possible Solutions Viable solutions to unemployment problems in Australia would depend on three basic strategies: multiskilling employees, maintaining a proper labour cost, investing in infrastructure. The first strategy of maintaining multiple skill would benefit discouraged employees greatly. As suggested by Lewis and Seltzer(1996), multiple-skilled workers have a higher elasticity of demand than single-skilled workers. A higher demand means more opportunities for discouraged employees to choose from. Additionally, multiple- skill can contribute to building up their confidence. From the perspective of labour arket, a mix-skilled worker will also gain more attention which basically means more chances. A research conducted by Card and Kruegers (1994) revealed that the labour cost is relatively higher than the US. High labour cost is beneficial for the employed while disastrous for the unemployed. Business owners would hire less employees if the labour cost remains high thus can be an important driver of unemployment problem. Addressing this issue requires a intensive regulation of the labour market to measure the productivity as well as real wages properly. Richard (2011) suggests that Policies can be a driver in realizing this goal. Dawkins and Freebaim (1997), also argue that lower wages are a key factor in addressing unemployment problem in Australia. As lower labour cost is achieved, more corporations are able to hire a larger number of workers, thus more occupations are available to the whole society. However, a lower unemployment does not necessarily equals to a healthier economy . Richard (2011) indicates that it is important to achieve a balance between employment and unemployment rates in order to refect productivity properly as well as control the real wages. The unemployment cannot be regarded as a problem if the balance is achieved in terms of general economy. The recession of mine industry has a negative impact on Australian economy, numerous workers of mine industry are unemployed. The role of government in the policy arena is of vital importance in times of recession. One of the most effective approaches in terms of governance could be constructing more public infrastructure. This approach would benefit the Australian labour market in two aspects. A research conducted by Kenyon (1997) suggests that a great number of occupations could be rovided in hard times through investing in infrastructure.
Thursday, November 28, 2019
A Glorious Adventure essays
A Glorious Adventure essays In the article A Glorious Adventure, the author Patricia Schofler explicates the passion seen in Winifred Sweets journalism. Schofler writes about Winifred Sweets struggle and triumph to become one of the leading ladies of journalism. The author tells of her small beginnings that lead to an inevitable huge influence of the journalism world today. The author explores Sweets humble beginnings as a writer only focused on flower shows, to intriguing political articles that lead to major impacts. The author tries to portray a positive outlook on a true heroine Patricia Schofler clearly has a deep interest in Winifred Sweets influence on journalism. The authors interest in Winifred Sweet is represented all throughout the article. The author exhibits this by her positive views. Schofler describes Sweets writing vivid enthusiasm, the same drive, instincts, and ability to dissect the heart in an era of sensuous and impassioned journalism...(A,35). Schofler further presents this by writing She was shrewd, talented, and audacious, qualities indispensable in the age of yellow journalism (A,30). Schoflers interest towards Sweet submits a positive view to her readers. This in turn reflects Schoflers biased outlook towards Sweet. A Glorious Adventure, mentions very positive effects of Sweets writings. This was shown when she inspired the citys school children to raise money for a hospital wing for incurables (C,32). It is evident that the author does not express anything negative about Winifred Sweet. Seldom, Schofler mentions her two failed marriages and deaths of her children, but they dont Patricia Schoflers writing takes the reader to different aspects of ...
Sunday, November 24, 2019
The Experience of War essays
The Experience of War essays The nature of the Great War was one of horrible conditions the soldiers on the front line had to endure and the suffering of the civilian population at home. In the passage The Experience of War, we are given a first hand look into the conditions that both the soldier and the civilian had to go through during this difficult time. The letter from the soldier expresses his concern over the losses his regiment incurs as well as how the newspapers glorify what is happening on the battlefield. The excerpt from the diary of the Viennese women explains in detail the dilemma that the civilian population had to go through just to get a small serving of horsemeat and the civil unrest associated with it. World War I was an experience that educated all people on the home front as to the gruesome conditions that the soldiers had to go through during times of conflict. The media of the time presented the war as a romantic endeavour, an adventure that all men should not want to miss. This could not have been farther from the truth. Life in the trenches, on the front lines of the war was intolerable. Men sleeping in the wet mud, with little or no shelter, artillery smashing the earth all around you with their massive concussions and the whistle of bullets passing by your head. Death was an ever present thought which lingered in every soldiers mind. They were reminded of this constantly from the dead bodies that lay out of the trenches. The soldier in the passage has obviously accepted the fact that he is probably going to die when in the very first paragraph of the letter he bids farewell to all those that knew him as well as when he states that everybody must be prepared for death. Many soldiers tried to calm themselves about the prospect of death by saying that their life was in Gods hands and if they died, then it was not such a big deal since their soul belonged to God, suc...
Thursday, November 21, 2019
IKEA marketing concept Essay Example | Topics and Well Written Essays - 2000 words - 1
IKEA marketing concept - Essay Example The consumer lacks consideration, but the cost of production is considered. It is favorable for goods sold to highly sophisticated customers. (Hilstrich 2000 page 12). The benefits of value-based pricing are the ability to set prices that are likely to attract buyers because of the market consideration. The major challenge for this approach is the extensive need of advertisement to sell the brand name to customers for them to accept its benefits. The profit margin is also extremely low, and it is not easily accounted for entirely. It can also alienate some customers who purchase based on pricing. (Hilstrich 2000 page 24). Cost based pricing benefits ranges from the high profit margins by goal setting by the company. The greatest drawback is the high pricing that may exceed the consumer threshold, which leads to a struggle in the generation of enough volumes for the market. It also ignores the image of the product to consumers and thus lower profit per sale than would otherwise be realized. The IKEA Company uses the value based pricing strategy in the pricing of its products. This is the best pricing strategy that the company uses to provide the home products to its customers. A nonprofit oriented company provides the goods to the market at somehow consumer friendly prices. The company also enjoys a large market and is being exempted from taxation due to consumer consideration during pricing. During the company’s establishment, they used the penetrating pricing strategy by offering lower prices for their products in order to attract the market. This approach made them accrue a larger market around the world. Their production costs were also low because they used the prisoners as their source of labor. With time, they gained momentum in business but continued offering their products at lower prices. They were exempted from taxation due to this undertaking. They did not mostly use the skimming approach though they were a significant competitor in the market. To att ract other companies into the market, they used the skimming approach, which later lowers the prices due to increased supply in the market. The company’s aim is to provide the household products to the market at lower prices. They are exempted from taxation and the profits accrued are shared to the owner at a constant rate. Economic recession forces it to increase the prices as well as the other competitors increase their prices. The economy approach also gets used because the costs of marketing and product promotion are low. The price notations at different times of the year by using offers are common in the company. The power pricing consideration shows that the company determines its prices in relation to the price elasticity of demand. Therefore, an increase in the prices of its products does not decrease the demand of its products. The increase in prices is so low and thus it has a little effect on the demand. Question 2 – on distribution Hilstrich, 2000 states th at vertical marketing is a form of distribution from the producer to the wholesaler, then to the retailer and to the consumer with the aim of targeting a given industrial niche. This is carried out by related businesses that take part in the provision of a given specialized needs. Horizontal marketing is a form of distribution channel whereby many organizations, which are at the same level, join for capitalizing on
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